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IndiaTV Business: Google News Feed: Digest for January 05, 2023

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LPG price hike: The Oil Marketing Companies on Sunday (January 1) raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 25 with immediate effect on the first day of the New Year 2023.
New Year 2023 celebrations: Food delivery app Swiggy delivered 3.50 lakh biryani orders on Saturday (December 31) and by 10.25 PM the app dispatched over 61,000 pizzas across the country, according to company sources.
GST: The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance.
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
Reliance Industries Ltd: Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries Ltd, will acquire a 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juices maker Sosyo Hajoori Beverages Pvt Ltd (SHBPL) for an undisclosed amount.
LPG price hike: The Oil Marketing Companies on Sunday (January 1) raised the price of commercial liquid petroleum gas (LPG) cylinders by Rs 25 with immediate effect on the first day of the New Year 2023.
New Year 2023 celebrations: Food delivery app Swiggy delivered 3.50 lakh biryani orders on Saturday (December 31) and by 10.25 PM the app dispatched over 61,000 pizzas across the country, according to company sources.
GST: The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance.
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
Reliance Industries Ltd: Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries Ltd, will acquire a 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juices maker Sosyo Hajoori Beverages Pvt Ltd (SHBPL) for an undisclosed amount.
GST: The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better compliance.
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
Reliance Industries Ltd: Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries Ltd, will acquire a 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juices maker Sosyo Hajoori Beverages Pvt Ltd (SHBPL) for an undisclosed amount.
Venus Pipes and Tubes Limited shares have doubled investors' money in less than a year of stock market debut. The company's IPO was in fact one of the blockbusters in 2022.
Shares of Hi-Tech Pipes Limited have yielded multi-bagger returns to its investors. According to exchange data, the stock has spurted almost 90 per cent in the past 6 months on the back of a strong business.
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
Reliance Industries Ltd: Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries Ltd, will acquire a 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juices maker Sosyo Hajoori Beverages Pvt Ltd (SHBPL) for an undisclosed amount.
Venus Pipes and Tubes Limited shares have doubled investors' money in less than a year of stock market debut. The company's IPO was in fact one of the blockbusters in 2022.
Shares of Hi-Tech Pipes Limited have yielded multi-bagger returns to its investors. According to exchange data, the stock has spurted almost 90 per cent in the past 6 months on the back of a strong business.
Indian service sector growth: The Indian services sector growth touched a six-month high in the month of December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on Wednesday (January 4).
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
Reliance Industries Ltd: Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries Ltd, will acquire a 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juices maker Sosyo Hajoori Beverages Pvt Ltd (SHBPL) for an undisclosed amount.
Venus Pipes and Tubes Limited shares have doubled investors' money in less than a year of stock market debut. The company's IPO was in fact one of the blockbusters in 2022.
Shares of Hi-Tech Pipes Limited have yielded multi-bagger returns to its investors. According to exchange data, the stock has spurted almost 90 per cent in the past 6 months on the back of a strong business.
Indian service sector growth: The Indian services sector growth touched a six-month high in the month of December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on Wednesday (January 4).
Latest on world economy: A third of the global economy will be in recession this year, the IMF chief has said, and warned that 2023 will be "tougher" than last year as the US, EU and China will see their economies slow down.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
Reliance Industries Ltd: Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries Ltd, will acquire a 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juices maker Sosyo Hajoori Beverages Pvt Ltd (SHBPL) for an undisclosed amount.
Venus Pipes and Tubes Limited shares have doubled investors' money in less than a year of stock market debut. The company's IPO was in fact one of the blockbusters in 2022.
Shares of Hi-Tech Pipes Limited have yielded multi-bagger returns to its investors. According to exchange data, the stock has spurted almost 90 per cent in the past 6 months on the back of a strong business.
Indian service sector growth: The Indian services sector growth touched a six-month high in the month of December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on Wednesday (January 4).

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
Reliance Industries Ltd: Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries Ltd, will acquire a 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juices maker Sosyo Hajoori Beverages Pvt Ltd (SHBPL) for an undisclosed amount.
Venus Pipes and Tubes Limited shares have doubled investors' money in less than a year of stock market debut. The company's IPO was in fact one of the blockbusters in 2022.
Shares of Hi-Tech Pipes Limited have yielded multi-bagger returns to its investors. According to exchange data, the stock has spurted almost 90 per cent in the past 6 months on the back of a strong business.
Indian service sector growth: The Indian services sector growth touched a six-month high in the month of December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on Wednesday (January 4).
Top IPOs: The Securities and Exchange Board of India (SEBI) has received a large number of Draft Red Herring Prospectus (DRHP) filings from various organisations. Given the favourable environment for public issues, businesses that have already filed their maiden prospectuses are most likely to start accepting public registration in January. Many Initial Public Offerings (IPOs) are expected to be rolled in the month of January.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
Reliance Industries Ltd: Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries Ltd, will acquire a 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juices maker Sosyo Hajoori Beverages Pvt Ltd (SHBPL) for an undisclosed amount.
Venus Pipes and Tubes Limited shares have doubled investors' money in less than a year of stock market debut. The company's IPO was in fact one of the blockbusters in 2022.
Shares of Hi-Tech Pipes Limited have yielded multi-bagger returns to its investors. According to exchange data, the stock has spurted almost 90 per cent in the past 6 months on the back of a strong business.
Indian service sector growth: The Indian services sector growth touched a six-month high in the month of December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on Wednesday (January 4).
Top IPOs: The Securities and Exchange Board of India (SEBI) has received a large number of Draft Red Herring Prospectus (DRHP) filings from various organisations. Given the favourable environment for public issues, businesses that have already filed their maiden prospectuses are most likely to start accepting public registration in January. Many Initial Public Offerings (IPOs) are expected to be rolled in the month of January.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
Reliance Industries Ltd: Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries Ltd, will acquire a 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juices maker Sosyo Hajoori Beverages Pvt Ltd (SHBPL) for an undisclosed amount.
Venus Pipes and Tubes Limited shares have doubled investors' money in less than a year of stock market debut. The company's IPO was in fact one of the blockbusters in 2022.
Shares of Hi-Tech Pipes Limited have yielded multi-bagger returns to its investors. According to exchange data, the stock has spurted almost 90 per cent in the past 6 months on the back of a strong business.
Indian service sector growth: The Indian services sector growth touched a six-month high in the month of December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on Wednesday (January 4).
Top IPOs: The Securities and Exchange Board of India (SEBI) has received a large number of Draft Red Herring Prospectus (DRHP) filings from various organisations. Given the favourable environment for public issues, businesses that have already filed their maiden prospectuses are most likely to start accepting public registration in January. Many Initial Public Offerings (IPOs) are expected to be rolled in the month of January.

Zomato co-founder, CTO Gunjan Patidar resigns

Monday 02 January 2023 02:07 PM UTC+00
Zomato co-founder resigns: Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.
Prices of refrigerators are likely to increase by up to 5 percent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Orient Green Power Company announced it has plans to expand assets in the renewable energy segment. The Shriram Group Company informed it is also mulling growth possibilities in overseas markets.
The Global Trade Research Initiative (GTRI) on Tuesday said the Indian economy and exports will be moderately impacted in 2023 by weak global demand and recession in large economies. Economic think tank GTRI asserted India should aim at reducing energy import bill to improve its current account.
BharatPe CEO quits: BharatPe's Chief Executive Officer (CEO) Suhail Sameer resigned from his post on Tuesday. According to reports, he also had an argument with ousted co-founder Ashneer Grover. "Sameer will transition from Chief Executive Officer to strategic advisor effective January 7, 2023," the company said in a statement without mentioning the reason behind his resignation.
Reliance Industries Ltd: Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries Ltd, will acquire a 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juices maker Sosyo Hajoori Beverages Pvt Ltd (SHBPL) for an undisclosed amount.
Venus Pipes and Tubes Limited shares have doubled investors' money in less than a year of stock market debut. The company's IPO was in fact one of the blockbusters in 2022.
Shares of Hi-Tech Pipes Limited have yielded multi-bagger returns to its investors. According to exchange data, the stock has spurted almost 90 per cent in the past 6 months on the back of a strong business.
Indian service sector growth: The Indian services sector growth touched a six-month high in the month of December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on Wednesday (January 4).
Top IPOs: The Securities and Exchange Board of India (SEBI) has received a large number of Draft Red Herring Prospectus (DRHP) filings from various organisations. Given the favourable environment for public issues, businesses that have already filed their maiden prospectuses are most likely to start accepting public registration in January. Many Initial Public Offerings (IPOs) are expected to be rolled in the month of January.
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