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IndiaTV Business: Google News Feed: Digest for February 08, 2023

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Piyush Goyal on Adani row: Union Minister for Commerce and Industry Piyush Goyal on Saturday (February 4) said regulators are very competent to handle the situation and will take appropriate action, regarding the allegations of fraud against billionaire Gautam Adani's companies that triggered an unprecedented stock crash.
Adani row: In an apparent reference to the Adani group, the Securities and Exchange Board of India (SEBI) on Saturday (February 4) said that unusual price movement in the stocks of a business conglomerate has been observed during the past week and that it is committed to ensuring market integrity.
With retail inflation showing signs of softening and the US Fed moderating the pace of increase in its benchmark interest rate, the Reserve Bank is likely to settle for a smaller 25 basis points repo rate hike in its forthcoming bi-monthly monetary policy due later this week. In its December monetary policy review, the central bank had raised the key benchmark interest rate (repo) by 35 basis points (bps) after delivering three back-to-back increases of 50 bps.
Uttar Pradesh has got the lion's share - Rs 17,507 crore from Rs 2.4 lakh crore allocated to the Railways in the Union Budget 2023-24. This time, the Centre has announced a budget of Rs 2.4 lakh crore for the Railways. In this, Rs 75,000 crore will be spent for new schemes.
The central government is likely to increase the dearness allowance (DA) for its over one crore employees and pensioners by four percentage points to 42 per cent from the existing 38 per cent as per the agreed formula for the purpose. The dearness allowance for employees and pensioners are worked out on the basis of the latest Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau every month. The Labour Bureau is a wing of the Labour Ministry.
As India's import to China has increased by more than 21%, the apex public policy think tank of the Government of India, opined that New Delhi should not only focus on reducing overall trade with Beijing but it should be on reducing New Delhi's dependence on Beijing for certain critical inputs. 
Over the years, investing in real estate has emerged as a new medium of investment. One of the biggest perks of investment in real estate is the potential to generate a secondary income.
Dell Technologies Inc., experiencing falling demand for personal computers, will lay off around 6,650 workers, becoming the latest technology business to announce job cuts. The firm is dealing with market circumstances that "continue to degrade with an unclear future", according to a document seen by Bloomberg. 
Infosys has  fired 600 freshers after they failed the company's internal fresher assessment (FA) test. The sacked employees said that the majority of the fired people had been employed after July 2022.
Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022.
Piyush Goyal on Adani row: Union Minister for Commerce and Industry Piyush Goyal on Saturday (February 4) said regulators are very competent to handle the situation and will take appropriate action, regarding the allegations of fraud against billionaire Gautam Adani's companies that triggered an unprecedented stock crash.
Adani row: In an apparent reference to the Adani group, the Securities and Exchange Board of India (SEBI) on Saturday (February 4) said that unusual price movement in the stocks of a business conglomerate has been observed during the past week and that it is committed to ensuring market integrity.
With retail inflation showing signs of softening and the US Fed moderating the pace of increase in its benchmark interest rate, the Reserve Bank is likely to settle for a smaller 25 basis points repo rate hike in its forthcoming bi-monthly monetary policy due later this week. In its December monetary policy review, the central bank had raised the key benchmark interest rate (repo) by 35 basis points (bps) after delivering three back-to-back increases of 50 bps.
Uttar Pradesh has got the lion's share - Rs 17,507 crore from Rs 2.4 lakh crore allocated to the Railways in the Union Budget 2023-24. This time, the Centre has announced a budget of Rs 2.4 lakh crore for the Railways. In this, Rs 75,000 crore will be spent for new schemes.
The central government is likely to increase the dearness allowance (DA) for its over one crore employees and pensioners by four percentage points to 42 per cent from the existing 38 per cent as per the agreed formula for the purpose. The dearness allowance for employees and pensioners are worked out on the basis of the latest Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau every month. The Labour Bureau is a wing of the Labour Ministry.
As India's import to China has increased by more than 21%, the apex public policy think tank of the Government of India, opined that New Delhi should not only focus on reducing overall trade with Beijing but it should be on reducing New Delhi's dependence on Beijing for certain critical inputs. 
Over the years, investing in real estate has emerged as a new medium of investment. One of the biggest perks of investment in real estate is the potential to generate a secondary income.
Dell Technologies Inc., experiencing falling demand for personal computers, will lay off around 6,650 workers, becoming the latest technology business to announce job cuts. The firm is dealing with market circumstances that "continue to degrade with an unclear future", according to a document seen by Bloomberg. 
Infosys has  fired 600 freshers after they failed the company's internal fresher assessment (FA) test. The sacked employees said that the majority of the fired people had been employed after July 2022.
Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022.
Uttar Pradesh has got the lion's share - Rs 17,507 crore from Rs 2.4 lakh crore allocated to the Railways in the Union Budget 2023-24. This time, the Centre has announced a budget of Rs 2.4 lakh crore for the Railways. In this, Rs 75,000 crore will be spent for new schemes.
The central government is likely to increase the dearness allowance (DA) for its over one crore employees and pensioners by four percentage points to 42 per cent from the existing 38 per cent as per the agreed formula for the purpose. The dearness allowance for employees and pensioners are worked out on the basis of the latest Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau every month. The Labour Bureau is a wing of the Labour Ministry.
As India's import to China has increased by more than 21%, the apex public policy think tank of the Government of India, opined that New Delhi should not only focus on reducing overall trade with Beijing but it should be on reducing New Delhi's dependence on Beijing for certain critical inputs. 
Over the years, investing in real estate has emerged as a new medium of investment. One of the biggest perks of investment in real estate is the potential to generate a secondary income.
Dell Technologies Inc., experiencing falling demand for personal computers, will lay off around 6,650 workers, becoming the latest technology business to announce job cuts. The firm is dealing with market circumstances that "continue to degrade with an unclear future", according to a document seen by Bloomberg. 
Infosys has  fired 600 freshers after they failed the company's internal fresher assessment (FA) test. The sacked employees said that the majority of the fired people had been employed after July 2022.
Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022.
Kohinoor Foods Limited has reviewed and approved a strategic investment by Vikas Lifecare to takeover the business. Vikas Lifecare is involved in manufacturing and trading plastic, polymer and chemicals, and Plastic Products. With the latest acquisition, the company has also started dealing in FMCG sector.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 
Uttar Pradesh has got the lion's share - Rs 17,507 crore from Rs 2.4 lakh crore allocated to the Railways in the Union Budget 2023-24. This time, the Centre has announced a budget of Rs 2.4 lakh crore for the Railways. In this, Rs 75,000 crore will be spent for new schemes.
The central government is likely to increase the dearness allowance (DA) for its over one crore employees and pensioners by four percentage points to 42 per cent from the existing 38 per cent as per the agreed formula for the purpose. The dearness allowance for employees and pensioners are worked out on the basis of the latest Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau every month. The Labour Bureau is a wing of the Labour Ministry.
As India's import to China has increased by more than 21%, the apex public policy think tank of the Government of India, opined that New Delhi should not only focus on reducing overall trade with Beijing but it should be on reducing New Delhi's dependence on Beijing for certain critical inputs. 
Over the years, investing in real estate has emerged as a new medium of investment. One of the biggest perks of investment in real estate is the potential to generate a secondary income.
Dell Technologies Inc., experiencing falling demand for personal computers, will lay off around 6,650 workers, becoming the latest technology business to announce job cuts. The firm is dealing with market circumstances that "continue to degrade with an unclear future", according to a document seen by Bloomberg. 
Infosys has  fired 600 freshers after they failed the company's internal fresher assessment (FA) test. The sacked employees said that the majority of the fired people had been employed after July 2022.
Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022.
Kohinoor Foods Limited has reviewed and approved a strategic investment by Vikas Lifecare to takeover the business. Vikas Lifecare is involved in manufacturing and trading plastic, polymer and chemicals, and Plastic Products. With the latest acquisition, the company has also started dealing in FMCG sector.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 
Uttar Pradesh has got the lion's share - Rs 17,507 crore from Rs 2.4 lakh crore allocated to the Railways in the Union Budget 2023-24. This time, the Centre has announced a budget of Rs 2.4 lakh crore for the Railways. In this, Rs 75,000 crore will be spent for new schemes.
The central government is likely to increase the dearness allowance (DA) for its over one crore employees and pensioners by four percentage points to 42 per cent from the existing 38 per cent as per the agreed formula for the purpose. The dearness allowance for employees and pensioners are worked out on the basis of the latest Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau every month. The Labour Bureau is a wing of the Labour Ministry.
As India's import to China has increased by more than 21%, the apex public policy think tank of the Government of India, opined that New Delhi should not only focus on reducing overall trade with Beijing but it should be on reducing New Delhi's dependence on Beijing for certain critical inputs. 
Over the years, investing in real estate has emerged as a new medium of investment. One of the biggest perks of investment in real estate is the potential to generate a secondary income.
Dell Technologies Inc., experiencing falling demand for personal computers, will lay off around 6,650 workers, becoming the latest technology business to announce job cuts. The firm is dealing with market circumstances that "continue to degrade with an unclear future", according to a document seen by Bloomberg. 
Infosys has  fired 600 freshers after they failed the company's internal fresher assessment (FA) test. The sacked employees said that the majority of the fired people had been employed after July 2022.
Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022.
Kohinoor Foods Limited has reviewed and approved a strategic investment by Vikas Lifecare to takeover the business. Vikas Lifecare is involved in manufacturing and trading plastic, polymer and chemicals, and Plastic Products. With the latest acquisition, the company has also started dealing in FMCG sector.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 
Uttar Pradesh has got the lion's share - Rs 17,507 crore from Rs 2.4 lakh crore allocated to the Railways in the Union Budget 2023-24. This time, the Centre has announced a budget of Rs 2.4 lakh crore for the Railways. In this, Rs 75,000 crore will be spent for new schemes.
The central government is likely to increase the dearness allowance (DA) for its over one crore employees and pensioners by four percentage points to 42 per cent from the existing 38 per cent as per the agreed formula for the purpose. The dearness allowance for employees and pensioners are worked out on the basis of the latest Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau every month. The Labour Bureau is a wing of the Labour Ministry.
As India's import to China has increased by more than 21%, the apex public policy think tank of the Government of India, opined that New Delhi should not only focus on reducing overall trade with Beijing but it should be on reducing New Delhi's dependence on Beijing for certain critical inputs. 
Over the years, investing in real estate has emerged as a new medium of investment. One of the biggest perks of investment in real estate is the potential to generate a secondary income.
Dell Technologies Inc., experiencing falling demand for personal computers, will lay off around 6,650 workers, becoming the latest technology business to announce job cuts. The firm is dealing with market circumstances that "continue to degrade with an unclear future", according to a document seen by Bloomberg. 
Infosys has  fired 600 freshers after they failed the company's internal fresher assessment (FA) test. The sacked employees said that the majority of the fired people had been employed after July 2022.
Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022.
Kohinoor Foods Limited has reviewed and approved a strategic investment by Vikas Lifecare to takeover the business. Vikas Lifecare is involved in manufacturing and trading plastic, polymer and chemicals, and Plastic Products. With the latest acquisition, the company has also started dealing in FMCG sector.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 
Over the years, investing in real estate has emerged as a new medium of investment. One of the biggest perks of investment in real estate is the potential to generate a secondary income.
Dell Technologies Inc., experiencing falling demand for personal computers, will lay off around 6,650 workers, becoming the latest technology business to announce job cuts. The firm is dealing with market circumstances that "continue to degrade with an unclear future", according to a document seen by Bloomberg. 
Infosys has  fired 600 freshers after they failed the company's internal fresher assessment (FA) test. The sacked employees said that the majority of the fired people had been employed after July 2022.
Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022.
Kohinoor Foods Limited has reviewed and approved a strategic investment by Vikas Lifecare to takeover the business. Vikas Lifecare is involved in manufacturing and trading plastic, polymer and chemicals, and Plastic Products. With the latest acquisition, the company has also started dealing in FMCG sector.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 

Housing prices across top 8 cities last year rose by 7%: Report

Tuesday 07 February 2023 02:51 PM UTC+00
Housing prices increased by an average of far as a result of rising building costs and stifled demand. The Real Insight report states that in comparison to the year 2021, the average home price in eight major cities rose by 7% last year, reaching between Rs 6,700 and Rs 6,900 per square foot.
Vodaone-Idea have allocated around Rs 16,133 crore worth shares amounting to 33.44 per cent stake to the government against interest dues, according to a filing report.

PhonePe launches UPI international service in 5 countries

Tuesday 07 February 2023 04:14 PM UTC+00
Financial firm PhonePe announced on Tuesday that its users across five countries will now be able to make payments via Unified Payments Interface (UPI) system. These countries include UAE, Singapore, Mauritius, Nepal and Bhutan.
Over the years, investing in real estate has emerged as a new medium of investment. One of the biggest perks of investment in real estate is the potential to generate a secondary income.
Dell Technologies Inc., experiencing falling demand for personal computers, will lay off around 6,650 workers, becoming the latest technology business to announce job cuts. The firm is dealing with market circumstances that "continue to degrade with an unclear future", according to a document seen by Bloomberg. 
Infosys has  fired 600 freshers after they failed the company's internal fresher assessment (FA) test. The sacked employees said that the majority of the fired people had been employed after July 2022.
Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022.
Kohinoor Foods Limited has reviewed and approved a strategic investment by Vikas Lifecare to takeover the business. Vikas Lifecare is involved in manufacturing and trading plastic, polymer and chemicals, and Plastic Products. With the latest acquisition, the company has also started dealing in FMCG sector.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 

Housing prices across top 8 cities last year rose by 7%: Report

Tuesday 07 February 2023 02:51 PM UTC+00
Housing prices increased by an average of far as a result of rising building costs and stifled demand. The Real Insight report states that in comparison to the year 2021, the average home price in eight major cities rose by 7% last year, reaching between Rs 6,700 and Rs 6,900 per square foot.
Vodaone-Idea have allocated around Rs 16,133 crore worth shares amounting to 33.44 per cent stake to the government against interest dues, according to a filing report.

PhonePe launches UPI international service in 5 countries

Tuesday 07 February 2023 04:14 PM UTC+00
Financial firm PhonePe announced on Tuesday that its users across five countries will now be able to make payments via Unified Payments Interface (UPI) system. These countries include UAE, Singapore, Mauritius, Nepal and Bhutan.
Over the years, investing in real estate has emerged as a new medium of investment. One of the biggest perks of investment in real estate is the potential to generate a secondary income.
Dell Technologies Inc., experiencing falling demand for personal computers, will lay off around 6,650 workers, becoming the latest technology business to announce job cuts. The firm is dealing with market circumstances that "continue to degrade with an unclear future", according to a document seen by Bloomberg. 
Infosys has  fired 600 freshers after they failed the company's internal fresher assessment (FA) test. The sacked employees said that the majority of the fired people had been employed after July 2022.
Digital financial services firm One97 Communications, which operates under the Paytm brand, expects to sustain operational profit growth, company's founder and CEO Vijay Shekhar Sharma said on Monday. Paytm's EBITDA (earnings before interest, taxes, depreciation, and amortization), an indicator of operational profit, before ESOP cost margin improved to Rs 31 crore during the third quarter ended December 31, 2022.
Kohinoor Foods Limited has reviewed and approved a strategic investment by Vikas Lifecare to takeover the business. Vikas Lifecare is involved in manufacturing and trading plastic, polymer and chemicals, and Plastic Products. With the latest acquisition, the company has also started dealing in FMCG sector.

IRB Infra fixed record date for stock split, stock up 3%

Tuesday 07 February 2023 04:32 AM UTC+00
Shares of IRB Infra on Tuesday climbed more than 3 per cent in early morning deals on the back of the announcement of the record date for the sub-division of equity shares. The counter quoted Rs 277 apiece on NSE, up 3.50 per cent from the previous close of 267.35.

After tech giants, Boeing plans to cut about 2,000 jobs in 2023

Tuesday 07 February 2023 06:39 AM UTC+00
Layoffs continue:  After tech giants like Google, Microsoft, Meta, now aerospace company Boeing announces that it will make staffing cuts in 2023. 

Housing prices across top 8 cities last year rose by 7%: Report

Tuesday 07 February 2023 02:51 PM UTC+00
Housing prices increased by an average of far as a result of rising building costs and stifled demand. The Real Insight report states that in comparison to the year 2021, the average home price in eight major cities rose by 7% last year, reaching between Rs 6,700 and Rs 6,900 per square foot.
Vodaone-Idea have allocated around Rs 16,133 crore worth shares amounting to 33.44 per cent stake to the government against interest dues, according to a filing report.

PhonePe launches UPI international service in 5 countries

Tuesday 07 February 2023 04:14 PM UTC+00
Financial firm PhonePe announced on Tuesday that its users across five countries will now be able to make payments via Unified Payments Interface (UPI) system. These countries include UAE, Singapore, Mauritius, Nepal and Bhutan.
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