-->

Ad Unit (Iklan) BIG

Home  ›  Uncategorized

IndiaTV Business: Google News Feed: Digest for April 12, 2023

IndiaTV Business: Google News Feed

IndiaTV: Business RSS Feed

Table of Contents

CNG price cut: The prices of Compressed Natural Gas (CNG) and cooking gas piped to household kitchens in the national capital today (April 8) were cut by up to Rs 6- the first reduction in two years- after the government changed the pricing formula of natural gas.
On April 10 (Monday), gold prices witnessed a small drop. Currently, the 24 carat gold (10 grams) is priced at Rs 60,860 while 22 carat gold (10 grams) is at Rs 55,790. Pure gold and standard gold both decreased by Rs 10 in the last 24 hours.
A recent report filed with the US bankruptcy court in Delaware by the current leadership of the failed crypto exchange FTX has revealed control failures at the company. The report concludes that FTX and Alameda's management failures and lack of internal controls contributed significantly to the exchange's collapse.
Apollo Micro Systems shares were are locked on the upper circuit of 5 per cent at Rs 301.25 after the board fixed the record date for the sub-division of equity shares. The aerospace and defence company in an exchange filing informed that its equity shares will split in the ratio of 10:1. It means that each equity shares with a face value of Rs 10 will be sub-divided into 10 shares. The new face value after split would be Re 1.
Tata Group will likely finish taking over Wistron's iPhone plant by the end of April, reports said. Once the takeover of the plant in Bengaluru is completed, it will give India its first production line for Apple products . The Tata Group, according to reports, has already begun making organisational adjustments at the site.
7th Pay Commission, DA Hike: After a 4% increase in Dearness Allowance (DA) for central government employees in January 2023, the government may further raise the DA by an additional 4% in July of this year, media reports said. The DA and Dearness Relief (DR) are reviewed twice a year, in January and July. Additionally, it has been reported that the hike in DA is expected to be calculated using a revised formula.
Adani group stocks, which were on a continuous downward trend since January 25, have shown signs of recovery in the last two days, following the company's efforts to calm investors. Adani Transmission, Adani Total Gas, and Adani Green Energy were three Adani Group firms whose shares continued to rise on Monday and reached their respective high price bands. Adani Transmission saw a jump of 5 percent, reaching a day high of Rs 1,003.95, up from its previous close of Rs 956.15. However, the stock has lost 60.63 percent on a year-to-date (YTD) basis.
PM Kisan Samman Nidhi: The Pradhan Mantri Kisan Nidhi Yojna is a central government scheme that provides financial aid to the landholding farmer families all across India. Under the scheme every land-owning farmer is given an income support of Rs 6000 every year. Funds are transferred directly to the beneficiary's bank accounts in three equal instalments of Rs 2000 each.
Best Govt Saving Schemes: In India, the government has established several savings schemes to incentivize individuals to invest their money and cultivate a culture of saving. These schemes offer a range of benefits and aim to provide a secure and dependable investment option for individuals. By investing in these schemes, people can contribute to the country's economic growth by channeling their savings into productive investments.
Billionaire Gautam Adani's group on Monday listed out details of the USD 2.87 billion stake sales in group firms since 2019 and how USD 2.55 billion of this was ploughed back into business, as it looked to counter Congress leader Rahul Gandhi's claim of Rs 20,000 crore coming in to the conglomerate through 'shell companies'.
A recent report filed with the US bankruptcy court in Delaware by the current leadership of the failed crypto exchange FTX has revealed control failures at the company. The report concludes that FTX and Alameda's management failures and lack of internal controls contributed significantly to the exchange's collapse.
Apollo Micro Systems shares were are locked on the upper circuit of 5 per cent at Rs 301.25 after the board fixed the record date for the sub-division of equity shares. The aerospace and defence company in an exchange filing informed that its equity shares will split in the ratio of 10:1. It means that each equity shares with a face value of Rs 10 will be sub-divided into 10 shares. The new face value after split would be Re 1.
Tata Group will likely finish taking over Wistron's iPhone plant by the end of April, reports said. Once the takeover of the plant in Bengaluru is completed, it will give India its first production line for Apple products . The Tata Group, according to reports, has already begun making organisational adjustments at the site.
7th Pay Commission, DA Hike: After a 4% increase in Dearness Allowance (DA) for central government employees in January 2023, the government may further raise the DA by an additional 4% in July of this year, media reports said. The DA and Dearness Relief (DR) are reviewed twice a year, in January and July. Additionally, it has been reported that the hike in DA is expected to be calculated using a revised formula.
Adani group stocks, which were on a continuous downward trend since January 25, have shown signs of recovery in the last two days, following the company's efforts to calm investors. Adani Transmission, Adani Total Gas, and Adani Green Energy were three Adani Group firms whose shares continued to rise on Monday and reached their respective high price bands. Adani Transmission saw a jump of 5 percent, reaching a day high of Rs 1,003.95, up from its previous close of Rs 956.15. However, the stock has lost 60.63 percent on a year-to-date (YTD) basis.
PM Kisan Samman Nidhi: The Pradhan Mantri Kisan Nidhi Yojna is a central government scheme that provides financial aid to the landholding farmer families all across India. Under the scheme every land-owning farmer is given an income support of Rs 6000 every year. Funds are transferred directly to the beneficiary's bank accounts in three equal instalments of Rs 2000 each.
Best Govt Saving Schemes: In India, the government has established several savings schemes to incentivize individuals to invest their money and cultivate a culture of saving. These schemes offer a range of benefits and aim to provide a secure and dependable investment option for individuals. By investing in these schemes, people can contribute to the country's economic growth by channeling their savings into productive investments.
Billionaire Gautam Adani's group on Monday listed out details of the USD 2.87 billion stake sales in group firms since 2019 and how USD 2.55 billion of this was ploughed back into business, as it looked to counter Congress leader Rahul Gandhi's claim of Rs 20,000 crore coming in to the conglomerate through 'shell companies'.

Gold prices weaken in India, 24 carat gold drops by Rs 430

Tuesday 11 April 2023 04:01 AM UTC+00
Gold Price Today: On April 11 (Tuesday), gold prices dwindled across the country. Currently, the 24 carat gold (10 grams) is priced at Rs 60,430 while 22 carat gold (10 grams) is at Rs 55,400. Pure gold prices dropped by Rs 430 and standard gold prices weakened by Rs 390 in the last 24 hours.
PIIP Summit: Union Finance Minister Nirmala Sitharaman, who is on her trip to the United States, took a dig at the West and its media for constructing a negative outlook against India and the business establishments. 
A recent report filed with the US bankruptcy court in Delaware by the current leadership of the failed crypto exchange FTX has revealed control failures at the company. The report concludes that FTX and Alameda's management failures and lack of internal controls contributed significantly to the exchange's collapse.
Apollo Micro Systems shares were are locked on the upper circuit of 5 per cent at Rs 301.25 after the board fixed the record date for the sub-division of equity shares. The aerospace and defence company in an exchange filing informed that its equity shares will split in the ratio of 10:1. It means that each equity shares with a face value of Rs 10 will be sub-divided into 10 shares. The new face value after split would be Re 1.
Tata Group will likely finish taking over Wistron's iPhone plant by the end of April, reports said. Once the takeover of the plant in Bengaluru is completed, it will give India its first production line for Apple products . The Tata Group, according to reports, has already begun making organisational adjustments at the site.
7th Pay Commission, DA Hike: After a 4% increase in Dearness Allowance (DA) for central government employees in January 2023, the government may further raise the DA by an additional 4% in July of this year, media reports said. The DA and Dearness Relief (DR) are reviewed twice a year, in January and July. Additionally, it has been reported that the hike in DA is expected to be calculated using a revised formula.
Adani group stocks, which were on a continuous downward trend since January 25, have shown signs of recovery in the last two days, following the company's efforts to calm investors. Adani Transmission, Adani Total Gas, and Adani Green Energy were three Adani Group firms whose shares continued to rise on Monday and reached their respective high price bands. Adani Transmission saw a jump of 5 percent, reaching a day high of Rs 1,003.95, up from its previous close of Rs 956.15. However, the stock has lost 60.63 percent on a year-to-date (YTD) basis.
PM Kisan Samman Nidhi: The Pradhan Mantri Kisan Nidhi Yojna is a central government scheme that provides financial aid to the landholding farmer families all across India. Under the scheme every land-owning farmer is given an income support of Rs 6000 every year. Funds are transferred directly to the beneficiary's bank accounts in three equal instalments of Rs 2000 each.
Best Govt Saving Schemes: In India, the government has established several savings schemes to incentivize individuals to invest their money and cultivate a culture of saving. These schemes offer a range of benefits and aim to provide a secure and dependable investment option for individuals. By investing in these schemes, people can contribute to the country's economic growth by channeling their savings into productive investments.
Billionaire Gautam Adani's group on Monday listed out details of the USD 2.87 billion stake sales in group firms since 2019 and how USD 2.55 billion of this was ploughed back into business, as it looked to counter Congress leader Rahul Gandhi's claim of Rs 20,000 crore coming in to the conglomerate through 'shell companies'.

Gold prices weaken in India, 24 carat gold drops by Rs 430

Tuesday 11 April 2023 04:01 AM UTC+00
Gold Price Today: On April 11 (Tuesday), gold prices dwindled across the country. Currently, the 24 carat gold (10 grams) is priced at Rs 60,430 while 22 carat gold (10 grams) is at Rs 55,400. Pure gold prices dropped by Rs 430 and standard gold prices weakened by Rs 390 in the last 24 hours.
PIIP Summit: Union Finance Minister Nirmala Sitharaman, who is on her trip to the United States, took a dig at the West and its media for constructing a negative outlook against India and the business establishments. 
7th Pay Commission, DA Hike: After a 4% increase in Dearness Allowance (DA) for central government employees in January 2023, the government may further raise the DA by an additional 4% in July of this year, media reports said. The DA and Dearness Relief (DR) are reviewed twice a year, in January and July. Additionally, it has been reported that the hike in DA is expected to be calculated using a revised formula.
Adani group stocks, which were on a continuous downward trend since January 25, have shown signs of recovery in the last two days, following the company's efforts to calm investors. Adani Transmission, Adani Total Gas, and Adani Green Energy were three Adani Group firms whose shares continued to rise on Monday and reached their respective high price bands. Adani Transmission saw a jump of 5 percent, reaching a day high of Rs 1,003.95, up from its previous close of Rs 956.15. However, the stock has lost 60.63 percent on a year-to-date (YTD) basis.
PM Kisan Samman Nidhi: The Pradhan Mantri Kisan Nidhi Yojna is a central government scheme that provides financial aid to the landholding farmer families all across India. Under the scheme every land-owning farmer is given an income support of Rs 6000 every year. Funds are transferred directly to the beneficiary's bank accounts in three equal instalments of Rs 2000 each.
Best Govt Saving Schemes: In India, the government has established several savings schemes to incentivize individuals to invest their money and cultivate a culture of saving. These schemes offer a range of benefits and aim to provide a secure and dependable investment option for individuals. By investing in these schemes, people can contribute to the country's economic growth by channeling their savings into productive investments.
Billionaire Gautam Adani's group on Monday listed out details of the USD 2.87 billion stake sales in group firms since 2019 and how USD 2.55 billion of this was ploughed back into business, as it looked to counter Congress leader Rahul Gandhi's claim of Rs 20,000 crore coming in to the conglomerate through 'shell companies'.

Gold prices weaken in India, 24 carat gold drops by Rs 430

Tuesday 11 April 2023 04:01 AM UTC+00
Gold Price Today: On April 11 (Tuesday), gold prices dwindled across the country. Currently, the 24 carat gold (10 grams) is priced at Rs 60,430 while 22 carat gold (10 grams) is at Rs 55,400. Pure gold prices dropped by Rs 430 and standard gold prices weakened by Rs 390 in the last 24 hours.
PIIP Summit: Union Finance Minister Nirmala Sitharaman, who is on her trip to the United States, took a dig at the West and its media for constructing a negative outlook against India and the business establishments. 
IRB Infrastructure Developers shares surged 4 per cent on Tuesday after the company reported strong toll collection for March month. The stock traded at Rs 27 apiece on BSE with an increased volume.
State Bank of India (SBI), the country's largest government-owned corporation by market capitalization, announced on Monday that it expects to raise up to $2 billion through overseas bond sales in Financial Year 2024, surpassing last year's foreign fund-raises by three of its closest private-sector rivals, including HDFC Bank.

Not liable to pay tax? Submit form 15G/15H to avoid TDS

Tuesday 11 April 2023 10:43 AM UTC+00
Income Tax Return: April is a great opportunity to proactively plan your tax strategy for the upcoming fiscal year. One effective way to do so is by utilizing Form 15G or 15H to avoid Tax Deducted at Source (TDS) on interest income from fixed deposits (FDs). 
7th Pay Commission, DA Hike: After a 4% increase in Dearness Allowance (DA) for central government employees in January 2023, the government may further raise the DA by an additional 4% in July of this year, media reports said. The DA and Dearness Relief (DR) are reviewed twice a year, in January and July. Additionally, it has been reported that the hike in DA is expected to be calculated using a revised formula.
Adani group stocks, which were on a continuous downward trend since January 25, have shown signs of recovery in the last two days, following the company's efforts to calm investors. Adani Transmission, Adani Total Gas, and Adani Green Energy were three Adani Group firms whose shares continued to rise on Monday and reached their respective high price bands. Adani Transmission saw a jump of 5 percent, reaching a day high of Rs 1,003.95, up from its previous close of Rs 956.15. However, the stock has lost 60.63 percent on a year-to-date (YTD) basis.
PM Kisan Samman Nidhi: The Pradhan Mantri Kisan Nidhi Yojna is a central government scheme that provides financial aid to the landholding farmer families all across India. Under the scheme every land-owning farmer is given an income support of Rs 6000 every year. Funds are transferred directly to the beneficiary's bank accounts in three equal instalments of Rs 2000 each.
Billionaire Gautam Adani's group on Monday listed out details of the USD 2.87 billion stake sales in group firms since 2019 and how USD 2.55 billion of this was ploughed back into business, as it looked to counter Congress leader Rahul Gandhi's claim of Rs 20,000 crore coming in to the conglomerate through 'shell companies'.

Gold prices weaken in India, 24 carat gold drops by Rs 430

Tuesday 11 April 2023 04:01 AM UTC+00
Gold Price Today: On April 11 (Tuesday), gold prices dwindled across the country. Currently, the 24 carat gold (10 grams) is priced at Rs 60,430 while 22 carat gold (10 grams) is at Rs 55,400. Pure gold prices dropped by Rs 430 and standard gold prices weakened by Rs 390 in the last 24 hours.
PIIP Summit: Union Finance Minister Nirmala Sitharaman, who is on her trip to the United States, took a dig at the West and its media for constructing a negative outlook against India and the business establishments. 
IRB Infrastructure Developers shares surged 4 per cent on Tuesday after the company reported strong toll collection for March month. The stock traded at Rs 27 apiece on BSE with an increased volume.
State Bank of India (SBI), the country's largest government-owned corporation by market capitalization, announced on Monday that it expects to raise up to $2 billion through overseas bond sales in Financial Year 2024, surpassing last year's foreign fund-raises by three of its closest private-sector rivals, including HDFC Bank.

Not liable to pay tax? Submit form 15G/15H to avoid TDS

Tuesday 11 April 2023 10:43 AM UTC+00
Income Tax Return: April is a great opportunity to proactively plan your tax strategy for the upcoming fiscal year. One effective way to do so is by utilizing Form 15G or 15H to avoid Tax Deducted at Source (TDS) on interest income from fixed deposits (FDs). 
A recent study furnished by Bloomberg suggests that nearly half a million jobs were cut over the past six months. Significantly, the report mentions that most lay-offs have been witnessed in white collar jobs. While some believe that job cuts were triggered by advent of newer technologies, a few blame it on the shiny object syndrome, especially in the wake of the pandemic. The report, however, further says that the situation is quite in contrast when it comes to blue collar jobs, which entails manual and physically-taxing labour. Notably, a report published earlier this year by Indian recruitment firm Avsar had already suggested that in 2023, blue collar jobs would grow by nearly 12% vis-à-vis that in 2022.
Adani group stocks, which were on a continuous downward trend since January 25, have shown signs of recovery in the last two days, following the company's efforts to calm investors. Adani Transmission, Adani Total Gas, and Adani Green Energy were three Adani Group firms whose shares continued to rise on Monday and reached their respective high price bands. Adani Transmission saw a jump of 5 percent, reaching a day high of Rs 1,003.95, up from its previous close of Rs 956.15. However, the stock has lost 60.63 percent on a year-to-date (YTD) basis.
PM Kisan Samman Nidhi: The Pradhan Mantri Kisan Nidhi Yojna is a central government scheme that provides financial aid to the landholding farmer families all across India. Under the scheme every land-owning farmer is given an income support of Rs 6000 every year. Funds are transferred directly to the beneficiary's bank accounts in three equal instalments of Rs 2000 each.
Billionaire Gautam Adani's group on Monday listed out details of the USD 2.87 billion stake sales in group firms since 2019 and how USD 2.55 billion of this was ploughed back into business, as it looked to counter Congress leader Rahul Gandhi's claim of Rs 20,000 crore coming in to the conglomerate through 'shell companies'.

Gold prices weaken in India, 24 carat gold drops by Rs 430

Tuesday 11 April 2023 04:01 AM UTC+00
Gold Price Today: On April 11 (Tuesday), gold prices dwindled across the country. Currently, the 24 carat gold (10 grams) is priced at Rs 60,430 while 22 carat gold (10 grams) is at Rs 55,400. Pure gold prices dropped by Rs 430 and standard gold prices weakened by Rs 390 in the last 24 hours.
PIIP Summit: Union Finance Minister Nirmala Sitharaman, who is on her trip to the United States, took a dig at the West and its media for constructing a negative outlook against India and the business establishments. 
IRB Infrastructure Developers shares surged 4 per cent on Tuesday after the company reported strong toll collection for March month. The stock traded at Rs 27 apiece on BSE with an increased volume.
State Bank of India (SBI), the country's largest government-owned corporation by market capitalization, announced on Monday that it expects to raise up to $2 billion through overseas bond sales in Financial Year 2024, surpassing last year's foreign fund-raises by three of its closest private-sector rivals, including HDFC Bank.

Not liable to pay tax? Submit form 15G/15H to avoid TDS

Tuesday 11 April 2023 10:43 AM UTC+00
Income Tax Return: April is a great opportunity to proactively plan your tax strategy for the upcoming fiscal year. One effective way to do so is by utilizing Form 15G or 15H to avoid Tax Deducted at Source (TDS) on interest income from fixed deposits (FDs). 
A recent study furnished by Bloomberg suggests that nearly half a million jobs were cut over the past six months. Significantly, the report mentions that most lay-offs have been witnessed in white collar jobs. While some believe that job cuts were triggered by advent of newer technologies, a few blame it on the shiny object syndrome, especially in the wake of the pandemic. The report, however, further says that the situation is quite in contrast when it comes to blue collar jobs, which entails manual and physically-taxing labour. Notably, a report published earlier this year by Indian recruitment firm Avsar had already suggested that in 2023, blue collar jobs would grow by nearly 12% vis-à-vis that in 2022.

IMF cuts India's growth forecast for FY24 to 5.9% from 6.1%

Tuesday 11 April 2023 05:51 PM UTC+00
The International Monetary Fund (IMF) cut India's GDP growth forecast for the fiscal year 2023-24 to 5.9 per cent from the earlier 6.1 per cent further informing that this will not affect the growth rate of the country. India will continue to remain the fastest-growing economy in the world.
Adani group stocks, which were on a continuous downward trend since January 25, have shown signs of recovery in the last two days, following the company's efforts to calm investors. Adani Transmission, Adani Total Gas, and Adani Green Energy were three Adani Group firms whose shares continued to rise on Monday and reached their respective high price bands. Adani Transmission saw a jump of 5 percent, reaching a day high of Rs 1,003.95, up from its previous close of Rs 956.15. However, the stock has lost 60.63 percent on a year-to-date (YTD) basis.
PM Kisan Samman Nidhi: The Pradhan Mantri Kisan Nidhi Yojna is a central government scheme that provides financial aid to the landholding farmer families all across India. Under the scheme every land-owning farmer is given an income support of Rs 6000 every year. Funds are transferred directly to the beneficiary's bank accounts in three equal instalments of Rs 2000 each.
Billionaire Gautam Adani's group on Monday listed out details of the USD 2.87 billion stake sales in group firms since 2019 and how USD 2.55 billion of this was ploughed back into business, as it looked to counter Congress leader Rahul Gandhi's claim of Rs 20,000 crore coming in to the conglomerate through 'shell companies'.

Gold prices weaken in India, 24 carat gold drops by Rs 430

Tuesday 11 April 2023 04:01 AM UTC+00
Gold Price Today: On April 11 (Tuesday), gold prices dwindled across the country. Currently, the 24 carat gold (10 grams) is priced at Rs 60,430 while 22 carat gold (10 grams) is at Rs 55,400. Pure gold prices dropped by Rs 430 and standard gold prices weakened by Rs 390 in the last 24 hours.
PIIP Summit: Union Finance Minister Nirmala Sitharaman, who is on her trip to the United States, took a dig at the West and its media for constructing a negative outlook against India and the business establishments. 
IRB Infrastructure Developers shares surged 4 per cent on Tuesday after the company reported strong toll collection for March month. The stock traded at Rs 27 apiece on BSE with an increased volume.
State Bank of India (SBI), the country's largest government-owned corporation by market capitalization, announced on Monday that it expects to raise up to $2 billion through overseas bond sales in Financial Year 2024, surpassing last year's foreign fund-raises by three of its closest private-sector rivals, including HDFC Bank.

Not liable to pay tax? Submit form 15G/15H to avoid TDS

Tuesday 11 April 2023 10:43 AM UTC+00
Income Tax Return: April is a great opportunity to proactively plan your tax strategy for the upcoming fiscal year. One effective way to do so is by utilizing Form 15G or 15H to avoid Tax Deducted at Source (TDS) on interest income from fixed deposits (FDs). 
A recent study furnished by Bloomberg suggests that nearly half a million jobs were cut over the past six months. Significantly, the report mentions that most lay-offs have been witnessed in white collar jobs. While some believe that job cuts were triggered by advent of newer technologies, a few blame it on the shiny object syndrome, especially in the wake of the pandemic. The report, however, further says that the situation is quite in contrast when it comes to blue collar jobs, which entails manual and physically-taxing labour. Notably, a report published earlier this year by Indian recruitment firm Avsar had already suggested that in 2023, blue collar jobs would grow by nearly 12% vis-à-vis that in 2022.

IMF cuts India's growth forecast for FY24 to 5.9% from 6.1%

Tuesday 11 April 2023 05:51 PM UTC+00
The International Monetary Fund (IMF) cut India's GDP growth forecast for the fiscal year 2023-24 to 5.9 per cent from the earlier 6.1 per cent further informing that this will not affect the growth rate of the country. India will continue to remain the fastest-growing economy in the world.
You received this email because you set up a subscription at Feedrabbit. This email was sent to you at epaperindia10@gmail.com. Unsubscribe or change your subscription.

Related Posts

There is no other posts in this category.
Subscribe Our Newsletter