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IndiaTV Business: Google News Feed: Digest for February 22, 2023

IndiaTV Business: Google News Feed

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Union Finance Minister Nirmala Sitharaman on Saturday said that the government will clear the entire due on the pending balance of the GST compensation of Rs 16,982 crores today itself. The Finance Minister added that the due amount will be cleared from the government's pocket as the compensation fund doesn't have a sufficient amount.
Gujarat: On the occasion of Mahashivratri, industrialist Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, and his son, Akash Ambani, Chairman of Reliance Jio, visited Somnath Mahadev temple in Gujarat. Mukesh Ambani also donated Rs 1.51 crore to the Somnath temple trust.
On the Multi Commodity Exchange (MCX), gold futures began trading at Rs. 56255.00 per 10 grams, showing a slight rise of 0.05%. On the other hand, silver futures opened at Rs. 65600.00 per kilogram, with a slight decrease of 0.05%.
As of February 18, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a rise of 2.93% and was trading at $24836. Meanwhile, Ethereum had an increase of 1.87% and was trading at approximately $1711.26.
Former Niti Aayog Vice Chairman Rajiv Kumar on Sunday said India is likely to clock 6 per cent growth rate next fiscal and the country can persevere with a high growth rate because of several reforms undertaken during the last eight years by the Narendra Modi government. 
TCS layoffs on cards: After Google, Microsoft, Twitter, Facebook, is IT giant Tata Consultancy Services (TCS) is also planning to lay off employees, well, the company said that it has no plans to fire staff as it believes in grooming the talent for longer careers once they join the company. 
As of February 19, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a decline of 0.34% and was trading at $24526.7. Meanwhile, Ethereum had a decrease of 1.21% and was trading at approximately $1678.26.
Shares of IRB Infrastructure Developers are in focus ahead of the split. The construction engineering company has fixed the split ratio and record date. As per an exchange filing by the company, shares of the company will be split in a 10:1 ratio. It means that each equity share with a face value of Rs 10 will split into 10 shares. The new face value after the split will be Re 1.

Niti Aayog gets new CEO. Check DETAILS

Monday 20 February 2023 03:06 PM UTC+00
Niti Aayog gets new CEO: Former IAS officer B V R Subrahmanyam was appointed as the Chief Executive Officer (CEO) of Niti Aayogon Monday. He has replaced Parameswaran Iyer, who has been named the Executive Director of the World Bank.
India first semi-conductor plant: Dholera Special Investment Region near Ahmedabad has been finalised by Foxconn and Indian conglomerate Vedanta to set up their semiconductor and display manufacturing plant, a senior government official said.
On the Multi Commodity Exchange (MCX), gold futures began trading at Rs. 56255.00 per 10 grams, showing a slight rise of 0.05%. On the other hand, silver futures opened at Rs. 65600.00 per kilogram, with a slight decrease of 0.05%.
As of February 18, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a rise of 2.93% and was trading at $24836. Meanwhile, Ethereum had an increase of 1.87% and was trading at approximately $1711.26.
Former Niti Aayog Vice Chairman Rajiv Kumar on Sunday said India is likely to clock 6 per cent growth rate next fiscal and the country can persevere with a high growth rate because of several reforms undertaken during the last eight years by the Narendra Modi government. 
TCS layoffs on cards: After Google, Microsoft, Twitter, Facebook, is IT giant Tata Consultancy Services (TCS) is also planning to lay off employees, well, the company said that it has no plans to fire staff as it believes in grooming the talent for longer careers once they join the company. 
As of February 19, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a decline of 0.34% and was trading at $24526.7. Meanwhile, Ethereum had a decrease of 1.21% and was trading at approximately $1678.26.
Shares of IRB Infrastructure Developers are in focus ahead of the split. The construction engineering company has fixed the split ratio and record date. As per an exchange filing by the company, shares of the company will be split in a 10:1 ratio. It means that each equity share with a face value of Rs 10 will split into 10 shares. The new face value after the split will be Re 1.

Niti Aayog gets new CEO. Check DETAILS

Monday 20 February 2023 03:06 PM UTC+00
Niti Aayog gets new CEO: Former IAS officer B V R Subrahmanyam was appointed as the Chief Executive Officer (CEO) of Niti Aayogon Monday. He has replaced Parameswaran Iyer, who has been named the Executive Director of the World Bank.
India first semi-conductor plant: Dholera Special Investment Region near Ahmedabad has been finalised by Foxconn and Indian conglomerate Vedanta to set up their semiconductor and display manufacturing plant, a senior government official said.
As of February 20, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a rise of 3.61% and was trading at $25,062.33. Meanwhile, Ethereum had an increase of 3.13% and was trading at approximately $1,725.61.
On the Multi Commodity Exchange (MCX), gold futures began trading at Rs. 56156.00 per 10 grams, showing a slight decrease of 0.10%. On the other hand, silver futures opened at Rs. 65607.00 per kilogram, with a slight decrease of 0.22%.
TCS layoffs on cards: After Google, Microsoft, Twitter, Facebook, is IT giant Tata Consultancy Services (TCS) is also planning to lay off employees, well, the company said that it has no plans to fire staff as it believes in grooming the talent for longer careers once they join the company. 
As of February 19, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a decline of 0.34% and was trading at $24526.7. Meanwhile, Ethereum had a decrease of 1.21% and was trading at approximately $1678.26.
Shares of IRB Infrastructure Developers are in focus ahead of the split. The construction engineering company has fixed the split ratio and record date. As per an exchange filing by the company, shares of the company will be split in a 10:1 ratio. It means that each equity share with a face value of Rs 10 will split into 10 shares. The new face value after the split will be Re 1.

Niti Aayog gets new CEO. Check DETAILS

Monday 20 February 2023 03:06 PM UTC+00
Niti Aayog gets new CEO: Former IAS officer B V R Subrahmanyam was appointed as the Chief Executive Officer (CEO) of Niti Aayogon Monday. He has replaced Parameswaran Iyer, who has been named the Executive Director of the World Bank.
India first semi-conductor plant: Dholera Special Investment Region near Ahmedabad has been finalised by Foxconn and Indian conglomerate Vedanta to set up their semiconductor and display manufacturing plant, a senior government official said.
As of February 20, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a rise of 3.61% and was trading at $25,062.33. Meanwhile, Ethereum had an increase of 3.13% and was trading at approximately $1,725.61.
On the Multi Commodity Exchange (MCX), gold futures began trading at Rs. 56156.00 per 10 grams, showing a slight decrease of 0.10%. On the other hand, silver futures opened at Rs. 65607.00 per kilogram, with a slight decrease of 0.22%.
Over the past few years, the adoption of the digital execution of documents has increased dramatically. However, widespread adoption at scale is hindered by a big accessibility gap between technology and the end customers of banks and microfinance institutions, especially in rural areas.
EPFO Pension Scheme: The Employees' Provident Fund Organization (EPFO) published rules on February 20 for employees who are entitled to a higher pension under the Employees' Pension Plan (EPS) but did not apply for it. The EPFO has approved combined applications from the employer and the employee for the same. Applications for additional pension benefits may now be submitted till March 3, 2023. The new guidelines were issued after the Supreme Court court gave a four month deadline to enable eligible subscribers to opt for higher pensions under EPS.
Twitter has been laying off employees across various departments since November last year, and the downsizing continues on a large scale. Recent reports indicate that the company has fired a number of employees in sales and other teams. According to a report, the move to fire more employees is part of Twitter's efforts to reduce costs and streamline operations.  
As of February 19, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a decline of 0.34% and was trading at $24526.7. Meanwhile, Ethereum had a decrease of 1.21% and was trading at approximately $1678.26.
Shares of IRB Infrastructure Developers are in focus ahead of the split. The construction engineering company has fixed the split ratio and record date. As per an exchange filing by the company, shares of the company will be split in a 10:1 ratio. It means that each equity share with a face value of Rs 10 will split into 10 shares. The new face value after the split will be Re 1.

Niti Aayog gets new CEO. Check DETAILS

Monday 20 February 2023 03:06 PM UTC+00
Niti Aayog gets new CEO: Former IAS officer B V R Subrahmanyam was appointed as the Chief Executive Officer (CEO) of Niti Aayogon Monday. He has replaced Parameswaran Iyer, who has been named the Executive Director of the World Bank.
India first semi-conductor plant: Dholera Special Investment Region near Ahmedabad has been finalised by Foxconn and Indian conglomerate Vedanta to set up their semiconductor and display manufacturing plant, a senior government official said.
As of February 20, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a rise of 3.61% and was trading at $25,062.33. Meanwhile, Ethereum had an increase of 3.13% and was trading at approximately $1,725.61.
On the Multi Commodity Exchange (MCX), gold futures began trading at Rs. 56156.00 per 10 grams, showing a slight decrease of 0.10%. On the other hand, silver futures opened at Rs. 65607.00 per kilogram, with a slight decrease of 0.22%.
Over the past few years, the adoption of the digital execution of documents has increased dramatically. However, widespread adoption at scale is hindered by a big accessibility gap between technology and the end customers of banks and microfinance institutions, especially in rural areas.
EPFO Pension Scheme: The Employees' Provident Fund Organization (EPFO) published rules on February 20 for employees who are entitled to a higher pension under the Employees' Pension Plan (EPS) but did not apply for it. The EPFO has approved combined applications from the employer and the employee for the same. Applications for additional pension benefits may now be submitted till March 3, 2023. The new guidelines were issued after the Supreme Court court gave a four month deadline to enable eligible subscribers to opt for higher pensions under EPS.
Twitter has been laying off employees across various departments since November last year, and the downsizing continues on a large scale. Recent reports indicate that the company has fired a number of employees in sales and other teams. According to a report, the move to fire more employees is part of Twitter's efforts to reduce costs and streamline operations.  

How to reapply for Pan Card: Step-by-step guide

Tuesday 21 February 2023 07:47 AM UTC+00
The Permanent Account Number (PAN) is an essential document for conducting financial transactions in India. It consists of a ten-character alphanumeric code that is assigned by the Indian Income Tax Department in the form of a laminated PAN card. The Cardholder's name, gender, date of birth, and PAN are written on the PAN card.

Niti Aayog gets new CEO. Check DETAILS

Monday 20 February 2023 03:06 PM UTC+00
Niti Aayog gets new CEO: Former IAS officer B V R Subrahmanyam was appointed as the Chief Executive Officer (CEO) of Niti Aayogon Monday. He has replaced Parameswaran Iyer, who has been named the Executive Director of the World Bank.
India first semi-conductor plant: Dholera Special Investment Region near Ahmedabad has been finalised by Foxconn and Indian conglomerate Vedanta to set up their semiconductor and display manufacturing plant, a senior government official said.
As of February 20, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a rise of 3.61% and was trading at $25,062.33. Meanwhile, Ethereum had an increase of 3.13% and was trading at approximately $1,725.61.
On the Multi Commodity Exchange (MCX), gold futures began trading at Rs. 56156.00 per 10 grams, showing a slight decrease of 0.10%. On the other hand, silver futures opened at Rs. 65607.00 per kilogram, with a slight decrease of 0.22%.
Over the past few years, the adoption of the digital execution of documents has increased dramatically. However, widespread adoption at scale is hindered by a big accessibility gap between technology and the end customers of banks and microfinance institutions, especially in rural areas.
EPFO Pension Scheme: The Employees' Provident Fund Organization (EPFO) published rules on February 20 for employees who are entitled to a higher pension under the Employees' Pension Plan (EPS) but did not apply for it. The EPFO has approved combined applications from the employer and the employee for the same. Applications for additional pension benefits may now be submitted till March 3, 2023. The new guidelines were issued after the Supreme Court court gave a four month deadline to enable eligible subscribers to opt for higher pensions under EPS.
Twitter has been laying off employees across various departments since November last year, and the downsizing continues on a large scale. Recent reports indicate that the company has fired a number of employees in sales and other teams. According to a report, the move to fire more employees is part of Twitter's efforts to reduce costs and streamline operations.  
Life Insurance Corporation of India (LIC) has introduced its first-ever WhatsApp services for its policyholders. Policyholders who have registered their policies on the LIC web portal are eligible to enjoy the services. The LIC policyholders can utilise WhatsApp services to receive a variety of advantages, such as premium information and ULIP plan statements.
In order to control price rise, the government has said that it will sell an additional 20 lakh tonnes of wheat in open market to bring down prices of wheat and wheat floor.
Continuing its winning streak in the build-operate-transfer (BOT) space, leading highways infrastructure developer IRB Infrastructure has been selected as the preferred bidder for a highway in Gujrat. The 6-lane 90.90 -km stretch between Samakhiyali to Santalpur will be constructed for Rs 2,132, the company said in a regulatory filing.

Niti Aayog gets new CEO. Check DETAILS

Monday 20 February 2023 03:06 PM UTC+00
Niti Aayog gets new CEO: Former IAS officer B V R Subrahmanyam was appointed as the Chief Executive Officer (CEO) of Niti Aayogon Monday. He has replaced Parameswaran Iyer, who has been named the Executive Director of the World Bank.
India first semi-conductor plant: Dholera Special Investment Region near Ahmedabad has been finalised by Foxconn and Indian conglomerate Vedanta to set up their semiconductor and display manufacturing plant, a senior government official said.
As of February 20, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a rise of 3.61% and was trading at $25,062.33. Meanwhile, Ethereum had an increase of 3.13% and was trading at approximately $1,725.61.
On the Multi Commodity Exchange (MCX), gold futures began trading at Rs. 56156.00 per 10 grams, showing a slight decrease of 0.10%. On the other hand, silver futures opened at Rs. 65607.00 per kilogram, with a slight decrease of 0.22%.
Over the past few years, the adoption of the digital execution of documents has increased dramatically. However, widespread adoption at scale is hindered by a big accessibility gap between technology and the end customers of banks and microfinance institutions, especially in rural areas.
EPFO Pension Scheme: The Employees' Provident Fund Organization (EPFO) published rules on February 20 for employees who are entitled to a higher pension under the Employees' Pension Plan (EPS) but did not apply for it. The EPFO has approved combined applications from the employer and the employee for the same. Applications for additional pension benefits may now be submitted till March 3, 2023. The new guidelines were issued after the Supreme Court court gave a four month deadline to enable eligible subscribers to opt for higher pensions under EPS.
Twitter has been laying off employees across various departments since November last year, and the downsizing continues on a large scale. Recent reports indicate that the company has fired a number of employees in sales and other teams. According to a report, the move to fire more employees is part of Twitter's efforts to reduce costs and streamline operations.  
In order to control price rise, the government has said that it will sell an additional 20 lakh tonnes of wheat in open market to bring down prices of wheat and wheat floor.
Continuing its winning streak in the build-operate-transfer (BOT) space, leading highways infrastructure developer IRB Infrastructure has been selected as the preferred bidder for a highway in Gujrat. The 6-lane 90.90 -km stretch between Samakhiyali to Santalpur will be constructed for Rs 2,132, the company said in a regulatory filing.

What is no-cost EMI scheme? How it functions - Explained

Tuesday 21 February 2023 12:50 PM UTC+00
No-cost EMI is the ability to pay for a purchase gradually and without any interest. Although this can first seem attractive, there is a cost involved. This cost often appears as a discount on the items or services in question that you would have otherwise received.
As of February 20, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a rise of 3.61% and was trading at $25,062.33. Meanwhile, Ethereum had an increase of 3.13% and was trading at approximately $1,725.61.
On the Multi Commodity Exchange (MCX), gold futures began trading at Rs. 56156.00 per 10 grams, showing a slight decrease of 0.10%. On the other hand, silver futures opened at Rs. 65607.00 per kilogram, with a slight decrease of 0.22%.
Over the past few years, the adoption of the digital execution of documents has increased dramatically. However, widespread adoption at scale is hindered by a big accessibility gap between technology and the end customers of banks and microfinance institutions, especially in rural areas.
EPFO Pension Scheme: The Employees' Provident Fund Organization (EPFO) published rules on February 20 for employees who are entitled to a higher pension under the Employees' Pension Plan (EPS) but did not apply for it. The EPFO has approved combined applications from the employer and the employee for the same. Applications for additional pension benefits may now be submitted till March 3, 2023. The new guidelines were issued after the Supreme Court court gave a four month deadline to enable eligible subscribers to opt for higher pensions under EPS.
Twitter has been laying off employees across various departments since November last year, and the downsizing continues on a large scale. Recent reports indicate that the company has fired a number of employees in sales and other teams. According to a report, the move to fire more employees is part of Twitter's efforts to reduce costs and streamline operations.  
In order to control price rise, the government has said that it will sell an additional 20 lakh tonnes of wheat in open market to bring down prices of wheat and wheat floor.
Continuing its winning streak in the build-operate-transfer (BOT) space, leading highways infrastructure developer IRB Infrastructure has been selected as the preferred bidder for a highway in Gujrat. The 6-lane 90.90 -km stretch between Samakhiyali to Santalpur will be constructed for Rs 2,132, the company said in a regulatory filing.

What is no-cost EMI scheme? How it functions - Explained

Tuesday 21 February 2023 12:50 PM UTC+00
No-cost EMI is the ability to pay for a purchase gradually and without any interest. Although this can first seem attractive, there is a cost involved. This cost often appears as a discount on the items or services in question that you would have otherwise received.
The Reserve Bank of India (RBI) on Tuesday started the facility to enable all inbound travellers visiting India to make local payments using UPI during there stay in India.
Servotech Power Systems has announced that it has signed an agreement with Dubai-based A1 Ansari Motors to provide electric vehicle charging solutions in the Middle Eastern and African markets. According to a regulator filing by the New Delhi-based company, the partnership will offer a firm path for future developments with cutting-edge technology and faster charging speeds.
As of February 20, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a rise of 3.61% and was trading at $25,062.33. Meanwhile, Ethereum had an increase of 3.13% and was trading at approximately $1,725.61.
On the Multi Commodity Exchange (MCX), gold futures began trading at Rs. 56156.00 per 10 grams, showing a slight decrease of 0.10%. On the other hand, silver futures opened at Rs. 65607.00 per kilogram, with a slight decrease of 0.22%.
Over the past few years, the adoption of the digital execution of documents has increased dramatically. However, widespread adoption at scale is hindered by a big accessibility gap between technology and the end customers of banks and microfinance institutions, especially in rural areas.
EPFO Pension Scheme: The Employees' Provident Fund Organization (EPFO) published rules on February 20 for employees who are entitled to a higher pension under the Employees' Pension Plan (EPS) but did not apply for it. The EPFO has approved combined applications from the employer and the employee for the same. Applications for additional pension benefits may now be submitted till March 3, 2023. The new guidelines were issued after the Supreme Court court gave a four month deadline to enable eligible subscribers to opt for higher pensions under EPS.
Twitter has been laying off employees across various departments since November last year, and the downsizing continues on a large scale. Recent reports indicate that the company has fired a number of employees in sales and other teams. According to a report, the move to fire more employees is part of Twitter's efforts to reduce costs and streamline operations.  
In order to control price rise, the government has said that it will sell an additional 20 lakh tonnes of wheat in open market to bring down prices of wheat and wheat floor.
Continuing its winning streak in the build-operate-transfer (BOT) space, leading highways infrastructure developer IRB Infrastructure has been selected as the preferred bidder for a highway in Gujrat. The 6-lane 90.90 -km stretch between Samakhiyali to Santalpur will be constructed for Rs 2,132, the company said in a regulatory filing.

What is no-cost EMI scheme? How it functions - Explained

Tuesday 21 February 2023 12:50 PM UTC+00
No-cost EMI is the ability to pay for a purchase gradually and without any interest. Although this can first seem attractive, there is a cost involved. This cost often appears as a discount on the items or services in question that you would have otherwise received.
The Reserve Bank of India (RBI) on Tuesday started the facility to enable all inbound travellers visiting India to make local payments using UPI during there stay in India.
Servotech Power Systems has announced that it has signed an agreement with Dubai-based A1 Ansari Motors to provide electric vehicle charging solutions in the Middle Eastern and African markets. According to a regulator filing by the New Delhi-based company, the partnership will offer a firm path for future developments with cutting-edge technology and faster charging speeds.
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