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IndiaTV Business: Google News Feed: Digest for March 02, 2023

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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.
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.
Domestic LPG cylinder prices increased by Rs 50. The domestic LPG cylinder price in Delhi will be Rs 1,103 now. 19 kg Commercial LPG cylinder prices increased by Rs 350.50. With this increase 19 kg commercial cylinder will cost Rs 2,119.50 in Delhi. New rates are effective from today, reported news agency ANI.
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.
Domestic LPG cylinder prices increased by Rs 50. The domestic LPG cylinder price in Delhi will be Rs 1,103 now. 19 kg Commercial LPG cylinder prices increased by Rs 350.50. With this increase 19 kg commercial cylinder will cost Rs 2,119.50 in Delhi. New rates are effective from today, reported news agency ANI.
With fears that the U.S. Federal Reserve would continue to raise interest rates and a stronger dollar weighing on its appeal, gold prices on Tuesday were poised for their largest monthly decline since June 2021. Although gold prices reached their highest point since April 2022 in early February, they soon changed direction, with strong economic data boosting expectations of more rate hikes, causing bullion to fall over 5% this month.
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.
Domestic LPG cylinder prices increased by Rs 50. The domestic LPG cylinder price in Delhi will be Rs 1,103 now. 19 kg Commercial LPG cylinder prices increased by Rs 350.50. With this increase 19 kg commercial cylinder will cost Rs 2,119.50 in Delhi. New rates are effective from today, reported news agency ANI.
With fears that the U.S. Federal Reserve would continue to raise interest rates and a stronger dollar weighing on its appeal, gold prices on Tuesday were poised for their largest monthly decline since June 2021. Although gold prices reached their highest point since April 2022 in early February, they soon changed direction, with strong economic data boosting expectations of more rate hikes, causing bullion to fall over 5% this month.
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.
Domestic LPG cylinder prices increased by Rs 50. The domestic LPG cylinder price in Delhi will be Rs 1,103 now. 19 kg Commercial LPG cylinder prices increased by Rs 350.50. With this increase 19 kg commercial cylinder will cost Rs 2,119.50 in Delhi. New rates are effective from today, reported news agency ANI.
With fears that the U.S. Federal Reserve would continue to raise interest rates and a stronger dollar weighing on its appeal, gold prices on Tuesday were poised for their largest monthly decline since June 2021. Although gold prices reached their highest point since April 2022 in early February, they soon changed direction, with strong economic data boosting expectations of more rate hikes, causing bullion to fall over 5% this month.
February GST Collection: The gross GST revenue collected in the month of February 2023 is Rs 1,49,577 crore of which CGST is Rs 27,662 crore, SGST is Rs 34,915 crore, IGST is Rs 75,069 crore (including Rs 35,689 crore collected on import of goods) and Cess is Rs 11,931 crore (including Rs 792 crore collected on import of goods)
The most common method used by people to buy a property is a home loan. House loans can be repaid over terms of up to 30 years by making equal monthly installments. However, selecting a lender with reasonable interest rates is crucial.
Wipro Chairman Rishad Premji has revealed his hiring formula during a conversation at the Nasscom Technology & Leadership Forum 2023 on Wednesday. Premji said that his perception towards hiring changed after a conversation with one of his board members about making Wipro more diverse and inclusive.
Bank Holidays in March: The month of March 2023 will witness 12 bank holidays, as per the holiday list released by the Reserve Bank of India (RBI). These holidays include both national and regional celebrations, which may vary depending on the region and city.
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.
Domestic LPG cylinder prices increased by Rs 50. The domestic LPG cylinder price in Delhi will be Rs 1,103 now. 19 kg Commercial LPG cylinder prices increased by Rs 350.50. With this increase 19 kg commercial cylinder will cost Rs 2,119.50 in Delhi. New rates are effective from today, reported news agency ANI.
With fears that the U.S. Federal Reserve would continue to raise interest rates and a stronger dollar weighing on its appeal, gold prices on Tuesday were poised for their largest monthly decline since June 2021. Although gold prices reached their highest point since April 2022 in early February, they soon changed direction, with strong economic data boosting expectations of more rate hikes, causing bullion to fall over 5% this month.
February GST Collection: The gross GST revenue collected in the month of February 2023 is Rs 1,49,577 crore of which CGST is Rs 27,662 crore, SGST is Rs 34,915 crore, IGST is Rs 75,069 crore (including Rs 35,689 crore collected on import of goods) and Cess is Rs 11,931 crore (including Rs 792 crore collected on import of goods)
The most common method used by people to buy a property is a home loan. House loans can be repaid over terms of up to 30 years by making equal monthly installments. However, selecting a lender with reasonable interest rates is crucial.
Wipro Chairman Rishad Premji has revealed his hiring formula during a conversation at the Nasscom Technology & Leadership Forum 2023 on Wednesday. Premji said that his perception towards hiring changed after a conversation with one of his board members about making Wipro more diverse and inclusive.
Bank Holidays in March: The month of March 2023 will witness 12 bank holidays, as per the holiday list released by the Reserve Bank of India (RBI). These holidays include both national and regional celebrations, which may vary depending on the region and city.
The interest rates on fixed deposits and recurring deposits at Indian banks have been increased by a record amount. Banks including State Bank of India, HDFC Bank, and ICICI Bank have increased their rates. Depending on the tenure and the bank, these interest rates may vary.
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.
Domestic LPG cylinder prices increased by Rs 50. The domestic LPG cylinder price in Delhi will be Rs 1,103 now. 19 kg Commercial LPG cylinder prices increased by Rs 350.50. With this increase 19 kg commercial cylinder will cost Rs 2,119.50 in Delhi. New rates are effective from today, reported news agency ANI.
With fears that the U.S. Federal Reserve would continue to raise interest rates and a stronger dollar weighing on its appeal, gold prices on Tuesday were poised for their largest monthly decline since June 2021. Although gold prices reached their highest point since April 2022 in early February, they soon changed direction, with strong economic data boosting expectations of more rate hikes, causing bullion to fall over 5% this month.
February GST Collection: The gross GST revenue collected in the month of February 2023 is Rs 1,49,577 crore of which CGST is Rs 27,662 crore, SGST is Rs 34,915 crore, IGST is Rs 75,069 crore (including Rs 35,689 crore collected on import of goods) and Cess is Rs 11,931 crore (including Rs 792 crore collected on import of goods)
The most common method used by people to buy a property is a home loan. House loans can be repaid over terms of up to 30 years by making equal monthly installments. However, selecting a lender with reasonable interest rates is crucial.
Wipro Chairman Rishad Premji has revealed his hiring formula during a conversation at the Nasscom Technology & Leadership Forum 2023 on Wednesday. Premji said that his perception towards hiring changed after a conversation with one of his board members about making Wipro more diverse and inclusive.
Bank Holidays in March: The month of March 2023 will witness 12 bank holidays, as per the holiday list released by the Reserve Bank of India (RBI). These holidays include both national and regional celebrations, which may vary depending on the region and city.
The interest rates on fixed deposits and recurring deposits at Indian banks have been increased by a record amount. Banks including State Bank of India, HDFC Bank, and ICICI Bank have increased their rates. Depending on the tenure and the bank, these interest rates may vary.
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.
Domestic LPG cylinder prices increased by Rs 50. The domestic LPG cylinder price in Delhi will be Rs 1,103 now. 19 kg Commercial LPG cylinder prices increased by Rs 350.50. With this increase 19 kg commercial cylinder will cost Rs 2,119.50 in Delhi. New rates are effective from today, reported news agency ANI.
With fears that the U.S. Federal Reserve would continue to raise interest rates and a stronger dollar weighing on its appeal, gold prices on Tuesday were poised for their largest monthly decline since June 2021. Although gold prices reached their highest point since April 2022 in early February, they soon changed direction, with strong economic data boosting expectations of more rate hikes, causing bullion to fall over 5% this month.
February GST Collection: The gross GST revenue collected in the month of February 2023 is Rs 1,49,577 crore of which CGST is Rs 27,662 crore, SGST is Rs 34,915 crore, IGST is Rs 75,069 crore (including Rs 35,689 crore collected on import of goods) and Cess is Rs 11,931 crore (including Rs 792 crore collected on import of goods)
The most common method used by people to buy a property is a home loan. House loans can be repaid over terms of up to 30 years by making equal monthly installments. However, selecting a lender with reasonable interest rates is crucial.
Wipro Chairman Rishad Premji has revealed his hiring formula during a conversation at the Nasscom Technology & Leadership Forum 2023 on Wednesday. Premji said that his perception towards hiring changed after a conversation with one of his board members about making Wipro more diverse and inclusive.
Bank Holidays in March: The month of March 2023 will witness 12 bank holidays, as per the holiday list released by the Reserve Bank of India (RBI). These holidays include both national and regional celebrations, which may vary depending on the region and city.
The interest rates on fixed deposits and recurring deposits at Indian banks have been increased by a record amount. Banks including State Bank of India, HDFC Bank, and ICICI Bank have increased their rates. Depending on the tenure and the bank, these interest rates may vary.
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