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IndiaTV Business: Google News Feed: Digest for March 01, 2023

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Bitcoin takes a hit as market reacts to key inflation indicator

Saturday 25 February 2023 04:44 AM UTC+00
Bitcoin and other digital assets plunged on Friday following the release of key inflation data that spooked investors. The leading cryptocurrency fell by 3% in just 24 hours, currently trading at $23,070, according to CoinGecko. This comes after Bitcoin broke above $25,000 per coin for the first time in eight months just last week. Other major cryptocurrencies also saw significant drops, with Ethereum falling by 3.1% in the past day to trade at $1,593, and Dogecoin dropping 3.3% to reach $0.082.
Early retirement: Countless people intend to leave the workplace at an early age. The choices you make as a young adult might very well decide whether you can retire early. If you make the best use of your opportunities, you may indeed be capable of setting the milestone for accomplishing your retirement goals.

Air India to hire more than 5000 cabin crew in 2023 - Details

Saturday 25 February 2023 08:05 AM UTC+00
Air India Vacancy: Air India, which is owned by Tata Group, has announced plans to hire over 5,000 cabin crew trainees and pilots through 2023 as part of the company's expansion strategy. The airline stated that it would add 4,200 cabin crew and 900 pilots in 2023 alone. 

India, UK finance ministers agree to make further progress on FTA

Saturday 25 February 2023 06:17 PM UTC+00
FTA agreement: India and the UK have agreed to make further progress on the ongoing negotiations for a free trade agreement (FTA) and also to swiftly organise the next bilateral Economic and Financial Dialogue soon, the British government said on Saturday.
G20 finance meet: The G20 finance meet which was attended by the finance leaders from the world's 20 biggest economies ended on Saturday. The G20 meet on economic issues was concluded without a joint statement after Russia and China objected to the word- 'War' - which was used to narrate the prevailing situation in Ukraine.
The co-working spaces are redefining the commercial real estate sector in the post-pandemic era, thanks to the rise in the hybrid office work model. Today, co-working spaces are seeing an unprecedented demand, thus giving rise to new opportunities. The occupancy rates at such co-working spaces have now shot up to 90-100 per cent, compared with 45-60 per cent a year ago.

Share India announces record date for Rights Issue; stock up 2%

Monday 27 February 2023 07:14 AM UTC+00
Share India surged more than 2 per cent today on the back of the announcement of the record date for the Rights Issue. According to an exchange filing, the technology-based financial platform will raise Rs 1,000 crore via Rights Sssue.
The number of apartments registered has significantly increased in the Kolkata Metropolitan Area (KMA) after the West Bengal government announced a reduction in stamp duty. All parties, including homeowners, developers, and the government, are expected to further benefit from the additional six-month stamp duty rebate extension , which was proposed in the recent state budget.
Directorate General of Civil Aviation (DGCA) gave approval to a new variant of Hindustan Aeronautics Limited's aircraft 'Hindustan 228-201 LW', HAL announced on Monday.
Systango Technologies IPO subscription for the public will open from March 2. The subscription window will close on March 6. The company has fixed the price band at Rs 85 - Rs 90 at a face value of Rs 10 for the issue of up to 38,68,800 equity shares.
Early retirement: Countless people intend to leave the workplace at an early age. The choices you make as a young adult might very well decide whether you can retire early. If you make the best use of your opportunities, you may indeed be capable of setting the milestone for accomplishing your retirement goals.

Air India to hire more than 5000 cabin crew in 2023 - Details

Saturday 25 February 2023 08:05 AM UTC+00
Air India Vacancy: Air India, which is owned by Tata Group, has announced plans to hire over 5,000 cabin crew trainees and pilots through 2023 as part of the company's expansion strategy. The airline stated that it would add 4,200 cabin crew and 900 pilots in 2023 alone. 

India, UK finance ministers agree to make further progress on FTA

Saturday 25 February 2023 06:17 PM UTC+00
FTA agreement: India and the UK have agreed to make further progress on the ongoing negotiations for a free trade agreement (FTA) and also to swiftly organise the next bilateral Economic and Financial Dialogue soon, the British government said on Saturday.
G20 finance meet: The G20 finance meet which was attended by the finance leaders from the world's 20 biggest economies ended on Saturday. The G20 meet on economic issues was concluded without a joint statement after Russia and China objected to the word- 'War' - which was used to narrate the prevailing situation in Ukraine.
The co-working spaces are redefining the commercial real estate sector in the post-pandemic era, thanks to the rise in the hybrid office work model. Today, co-working spaces are seeing an unprecedented demand, thus giving rise to new opportunities. The occupancy rates at such co-working spaces have now shot up to 90-100 per cent, compared with 45-60 per cent a year ago.

Share India announces record date for Rights Issue; stock up 2%

Monday 27 February 2023 07:14 AM UTC+00
Share India surged more than 2 per cent today on the back of the announcement of the record date for the Rights Issue. According to an exchange filing, the technology-based financial platform will raise Rs 1,000 crore via Rights Sssue.
The number of apartments registered has significantly increased in the Kolkata Metropolitan Area (KMA) after the West Bengal government announced a reduction in stamp duty. All parties, including homeowners, developers, and the government, are expected to further benefit from the additional six-month stamp duty rebate extension , which was proposed in the recent state budget.
Directorate General of Civil Aviation (DGCA) gave approval to a new variant of Hindustan Aeronautics Limited's aircraft 'Hindustan 228-201 LW', HAL announced on Monday.
Systango Technologies IPO subscription for the public will open from March 2. The subscription window will close on March 6. The company has fixed the price band at Rs 85 - Rs 90 at a face value of Rs 10 for the issue of up to 38,68,800 equity shares.
Gold prices increased on Monday as the dollar pulled back, despite concerns about further interest rate hikes from the U.S. Federal Reserve that kept bullion close to a two-month low. Spot gold rose 0.5% to $1,818.89 an ounce by 10:08 a.m. ET (1508 GMT), while U.S. gold futures also rose 0.5% to $1,825.70. The dollar index fell 0.4% after hitting a seven-week peak, making gold more affordable for overseas buyers. However, gold prices have been sliding due to higher-than-expected inflation, with economic data continuing to remain robust. 

India, UK finance ministers agree to make further progress on FTA

Saturday 25 February 2023 06:17 PM UTC+00
FTA agreement: India and the UK have agreed to make further progress on the ongoing negotiations for a free trade agreement (FTA) and also to swiftly organise the next bilateral Economic and Financial Dialogue soon, the British government said on Saturday.
G20 finance meet: The G20 finance meet which was attended by the finance leaders from the world's 20 biggest economies ended on Saturday. The G20 meet on economic issues was concluded without a joint statement after Russia and China objected to the word- 'War' - which was used to narrate the prevailing situation in Ukraine.
The co-working spaces are redefining the commercial real estate sector in the post-pandemic era, thanks to the rise in the hybrid office work model. Today, co-working spaces are seeing an unprecedented demand, thus giving rise to new opportunities. The occupancy rates at such co-working spaces have now shot up to 90-100 per cent, compared with 45-60 per cent a year ago.

Share India announces record date for Rights Issue; stock up 2%

Monday 27 February 2023 07:14 AM UTC+00
Share India surged more than 2 per cent today on the back of the announcement of the record date for the Rights Issue. According to an exchange filing, the technology-based financial platform will raise Rs 1,000 crore via Rights Sssue.
The number of apartments registered has significantly increased in the Kolkata Metropolitan Area (KMA) after the West Bengal government announced a reduction in stamp duty. All parties, including homeowners, developers, and the government, are expected to further benefit from the additional six-month stamp duty rebate extension , which was proposed in the recent state budget.
Directorate General of Civil Aviation (DGCA) gave approval to a new variant of Hindustan Aeronautics Limited's aircraft 'Hindustan 228-201 LW', HAL announced on Monday.
Systango Technologies IPO subscription for the public will open from March 2. The subscription window will close on March 6. The company has fixed the price band at Rs 85 - Rs 90 at a face value of Rs 10 for the issue of up to 38,68,800 equity shares.
Gold prices increased on Monday as the dollar pulled back, despite concerns about further interest rate hikes from the U.S. Federal Reserve that kept bullion close to a two-month low. Spot gold rose 0.5% to $1,818.89 an ounce by 10:08 a.m. ET (1508 GMT), while U.S. gold futures also rose 0.5% to $1,825.70. The dollar index fell 0.4% after hitting a seven-week peak, making gold more affordable for overseas buyers. However, gold prices have been sliding due to higher-than-expected inflation, with economic data continuing to remain robust. 
Construction engineering company IRB Infrastructure has obtained the Letter of Award (LoA) from the National Highways Authority of India (NHAI) for the upgradation of a 6-lane from Samakhiyali to Santalpur highway in Gujarat. According to a filing by the company, the project length is 90.90 km and would cost around Rs 2,132 crore.
Captain Polyplast has reported strong earnings for the December quarter and the first nine months of the current fiscal. The company reported the highest quarterly revenue in its history, coming in at Rs 74.5 crore in Q3FY23. Its net profit for the quarter grew 6.6x, the company said in an exchange filing.
Directorate General of Civil Aviation (DGCA) gave approval to a new variant of Hindustan Aeronautics Limited's aircraft 'Hindustan 228-201 LW', HAL announced on Monday.
Systango Technologies IPO subscription for the public will open from March 2. The subscription window will close on March 6. The company has fixed the price band at Rs 85 - Rs 90 at a face value of Rs 10 for the issue of up to 38,68,800 equity shares.
Gold prices increased on Monday as the dollar pulled back, despite concerns about further interest rate hikes from the U.S. Federal Reserve that kept bullion close to a two-month low. Spot gold rose 0.5% to $1,818.89 an ounce by 10:08 a.m. ET (1508 GMT), while U.S. gold futures also rose 0.5% to $1,825.70. The dollar index fell 0.4% after hitting a seven-week peak, making gold more affordable for overseas buyers. However, gold prices have been sliding due to higher-than-expected inflation, with economic data continuing to remain robust. 
Construction engineering company IRB Infrastructure has obtained the Letter of Award (LoA) from the National Highways Authority of India (NHAI) for the upgradation of a 6-lane from Samakhiyali to Santalpur highway in Gujarat. According to a filing by the company, the project length is 90.90 km and would cost around Rs 2,132 crore.
Captain Polyplast has reported strong earnings for the December quarter and the first nine months of the current fiscal. The company reported the highest quarterly revenue in its history, coming in at Rs 74.5 crore in Q3FY23. Its net profit for the quarter grew 6.6x, the company said in an exchange filing.
Economic indicators in India are showing re-acceleration after a slowdown post festive season in October 2022, Morgan Stanley said in its report.
The Employees' Provident Fund Organisation (EPFO) on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8. 33 per cent of their actual salaries — as against 8. 33 per cent of pensionable salary capped at Rs 15,000 a month — towards pension.
Bihar Budget 2023: Bihar Finance Minister Vijay Chaudhary present the first budget of the Mahagathbandhan government on Tuesday (February 28). The day began amid sloganeering by the Opposition Bharatiya Janata Party (BJP) in the house over issues of law and order, corruption in the state. The BJP demanded resignation of CM Nitish Kumar and MLA Surendra Yadav, who recently gave a controversial remark over the Agnipath scheme.  
Multibagger stock Vinny Overseas has announced a mega expansion plan. The advanced fabric manufacturer has informed exchanges that it has installed three state-of-the-art Epson machines for digital printing in textiles.
Telecom firm Bharti Airtel chairman Sunil Bharti Mittal has said that mobile call and data rates will go up this year as the return on capital in the telecom business is very low.
Directorate General of Civil Aviation (DGCA) gave approval to a new variant of Hindustan Aeronautics Limited's aircraft 'Hindustan 228-201 LW', HAL announced on Monday.
Systango Technologies IPO subscription for the public will open from March 2. The subscription window will close on March 6. The company has fixed the price band at Rs 85 - Rs 90 at a face value of Rs 10 for the issue of up to 38,68,800 equity shares.
Gold prices increased on Monday as the dollar pulled back, despite concerns about further interest rate hikes from the U.S. Federal Reserve that kept bullion close to a two-month low. Spot gold rose 0.5% to $1,818.89 an ounce by 10:08 a.m. ET (1508 GMT), while U.S. gold futures also rose 0.5% to $1,825.70. The dollar index fell 0.4% after hitting a seven-week peak, making gold more affordable for overseas buyers. However, gold prices have been sliding due to higher-than-expected inflation, with economic data continuing to remain robust. 
Construction engineering company IRB Infrastructure has obtained the Letter of Award (LoA) from the National Highways Authority of India (NHAI) for the upgradation of a 6-lane from Samakhiyali to Santalpur highway in Gujarat. According to a filing by the company, the project length is 90.90 km and would cost around Rs 2,132 crore.
Captain Polyplast has reported strong earnings for the December quarter and the first nine months of the current fiscal. The company reported the highest quarterly revenue in its history, coming in at Rs 74.5 crore in Q3FY23. Its net profit for the quarter grew 6.6x, the company said in an exchange filing.
Economic indicators in India are showing re-acceleration after a slowdown post festive season in October 2022, Morgan Stanley said in its report.
The Employees' Provident Fund Organisation (EPFO) on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8. 33 per cent of their actual salaries — as against 8. 33 per cent of pensionable salary capped at Rs 15,000 a month — towards pension.
Bihar Budget 2023: Bihar Finance Minister Vijay Chaudhary present the first budget of the Mahagathbandhan government on Tuesday (February 28). The day began amid sloganeering by the Opposition Bharatiya Janata Party (BJP) in the house over issues of law and order, corruption in the state. The BJP demanded resignation of CM Nitish Kumar and MLA Surendra Yadav, who recently gave a controversial remark over the Agnipath scheme.  
Multibagger stock Vinny Overseas has announced a mega expansion plan. The advanced fabric manufacturer has informed exchanges that it has installed three state-of-the-art Epson machines for digital printing in textiles.
Telecom firm Bharti Airtel chairman Sunil Bharti Mittal has said that mobile call and data rates will go up this year as the return on capital in the telecom business is very low.
Directorate General of Civil Aviation (DGCA) gave approval to a new variant of Hindustan Aeronautics Limited's aircraft 'Hindustan 228-201 LW', HAL announced on Monday.
Systango Technologies IPO subscription for the public will open from March 2. The subscription window will close on March 6. The company has fixed the price band at Rs 85 - Rs 90 at a face value of Rs 10 for the issue of up to 38,68,800 equity shares.
Gold prices increased on Monday as the dollar pulled back, despite concerns about further interest rate hikes from the U.S. Federal Reserve that kept bullion close to a two-month low. Spot gold rose 0.5% to $1,818.89 an ounce by 10:08 a.m. ET (1508 GMT), while U.S. gold futures also rose 0.5% to $1,825.70. The dollar index fell 0.4% after hitting a seven-week peak, making gold more affordable for overseas buyers. However, gold prices have been sliding due to higher-than-expected inflation, with economic data continuing to remain robust. 
Construction engineering company IRB Infrastructure has obtained the Letter of Award (LoA) from the National Highways Authority of India (NHAI) for the upgradation of a 6-lane from Samakhiyali to Santalpur highway in Gujarat. According to a filing by the company, the project length is 90.90 km and would cost around Rs 2,132 crore.
Captain Polyplast has reported strong earnings for the December quarter and the first nine months of the current fiscal. The company reported the highest quarterly revenue in its history, coming in at Rs 74.5 crore in Q3FY23. Its net profit for the quarter grew 6.6x, the company said in an exchange filing.
Economic indicators in India are showing re-acceleration after a slowdown post festive season in October 2022, Morgan Stanley said in its report.
The Employees' Provident Fund Organisation (EPFO) on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8. 33 per cent of their actual salaries — as against 8. 33 per cent of pensionable salary capped at Rs 15,000 a month — towards pension.
Bihar Budget 2023: Bihar Finance Minister Vijay Chaudhary present the first budget of the Mahagathbandhan government on Tuesday (February 28). The day began amid sloganeering by the Opposition Bharatiya Janata Party (BJP) in the house over issues of law and order, corruption in the state. The BJP demanded resignation of CM Nitish Kumar and MLA Surendra Yadav, who recently gave a controversial remark over the Agnipath scheme.  
Multibagger stock Vinny Overseas has announced a mega expansion plan. The advanced fabric manufacturer has informed exchanges that it has installed three state-of-the-art Epson machines for digital printing in textiles.
Telecom firm Bharti Airtel chairman Sunil Bharti Mittal has said that mobile call and data rates will go up this year as the return on capital in the telecom business is very low.
Directorate General of Civil Aviation (DGCA) gave approval to a new variant of Hindustan Aeronautics Limited's aircraft 'Hindustan 228-201 LW', HAL announced on Monday.
Systango Technologies IPO subscription for the public will open from March 2. The subscription window will close on March 6. The company has fixed the price band at Rs 85 - Rs 90 at a face value of Rs 10 for the issue of up to 38,68,800 equity shares.
Gold prices increased on Monday as the dollar pulled back, despite concerns about further interest rate hikes from the U.S. Federal Reserve that kept bullion close to a two-month low. Spot gold rose 0.5% to $1,818.89 an ounce by 10:08 a.m. ET (1508 GMT), while U.S. gold futures also rose 0.5% to $1,825.70. The dollar index fell 0.4% after hitting a seven-week peak, making gold more affordable for overseas buyers. However, gold prices have been sliding due to higher-than-expected inflation, with economic data continuing to remain robust. 
Construction engineering company IRB Infrastructure has obtained the Letter of Award (LoA) from the National Highways Authority of India (NHAI) for the upgradation of a 6-lane from Samakhiyali to Santalpur highway in Gujarat. According to a filing by the company, the project length is 90.90 km and would cost around Rs 2,132 crore.
Captain Polyplast has reported strong earnings for the December quarter and the first nine months of the current fiscal. The company reported the highest quarterly revenue in its history, coming in at Rs 74.5 crore in Q3FY23. Its net profit for the quarter grew 6.6x, the company said in an exchange filing.
Economic indicators in India are showing re-acceleration after a slowdown post festive season in October 2022, Morgan Stanley said in its report.
The Employees' Provident Fund Organisation (EPFO) on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8. 33 per cent of their actual salaries — as against 8. 33 per cent of pensionable salary capped at Rs 15,000 a month — towards pension.
Bihar Budget 2023: Bihar Finance Minister Vijay Chaudhary present the first budget of the Mahagathbandhan government on Tuesday (February 28). The day began amid sloganeering by the Opposition Bharatiya Janata Party (BJP) in the house over issues of law and order, corruption in the state. The BJP demanded resignation of CM Nitish Kumar and MLA Surendra Yadav, who recently gave a controversial remark over the Agnipath scheme.  
Multibagger stock Vinny Overseas has announced a mega expansion plan. The advanced fabric manufacturer has informed exchanges that it has installed three state-of-the-art Epson machines for digital printing in textiles.
Telecom firm Bharti Airtel chairman Sunil Bharti Mittal has said that mobile call and data rates will go up this year as the return on capital in the telecom business is very low.
Directorate General of Civil Aviation (DGCA) gave approval to a new variant of Hindustan Aeronautics Limited's aircraft 'Hindustan 228-201 LW', HAL announced on Monday.
Systango Technologies IPO subscription for the public will open from March 2. The subscription window will close on March 6. The company has fixed the price band at Rs 85 - Rs 90 at a face value of Rs 10 for the issue of up to 38,68,800 equity shares.
Gold prices increased on Monday as the dollar pulled back, despite concerns about further interest rate hikes from the U.S. Federal Reserve that kept bullion close to a two-month low. Spot gold rose 0.5% to $1,818.89 an ounce by 10:08 a.m. ET (1508 GMT), while U.S. gold futures also rose 0.5% to $1,825.70. The dollar index fell 0.4% after hitting a seven-week peak, making gold more affordable for overseas buyers. However, gold prices have been sliding due to higher-than-expected inflation, with economic data continuing to remain robust. 
Construction engineering company IRB Infrastructure has obtained the Letter of Award (LoA) from the National Highways Authority of India (NHAI) for the upgradation of a 6-lane from Samakhiyali to Santalpur highway in Gujarat. According to a filing by the company, the project length is 90.90 km and would cost around Rs 2,132 crore.
Captain Polyplast has reported strong earnings for the December quarter and the first nine months of the current fiscal. The company reported the highest quarterly revenue in its history, coming in at Rs 74.5 crore in Q3FY23. Its net profit for the quarter grew 6.6x, the company said in an exchange filing.
Economic indicators in India are showing re-acceleration after a slowdown post festive season in October 2022, Morgan Stanley said in its report.
The Employees' Provident Fund Organisation (EPFO) on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8. 33 per cent of their actual salaries — as against 8. 33 per cent of pensionable salary capped at Rs 15,000 a month — towards pension.
Bihar Budget 2023: Bihar Finance Minister Vijay Chaudhary present the first budget of the Mahagathbandhan government on Tuesday (February 28). The day began amid sloganeering by the Opposition Bharatiya Janata Party (BJP) in the house over issues of law and order, corruption in the state. The BJP demanded resignation of CM Nitish Kumar and MLA Surendra Yadav, who recently gave a controversial remark over the Agnipath scheme.  
Multibagger stock Vinny Overseas has announced a mega expansion plan. The advanced fabric manufacturer has informed exchanges that it has installed three state-of-the-art Epson machines for digital printing in textiles.
Telecom firm Bharti Airtel chairman Sunil Bharti Mittal has said that mobile call and data rates will go up this year as the return on capital in the telecom business is very low.
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