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IndiaTV Business: Google News Feed: Digest for April 13, 2023

IndiaTV Business: Google News Feed

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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. 
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. 

Gold prices increase in India, 24 carat gold up by Rs 330

Wednesday 12 April 2023 03:59 AM UTC+00
Gold Price Today: On April 12 (Wednesday), gold prices saw growth across the country after several days of slump. Currently, the 24 carat gold (10 grams) is priced at Rs 60,760 while 22 carat gold (10 grams) is at Rs 55,700. Pure gold prices surged by Rs 330 and standard gold prices grew by Rs 300 in the last 24 hours.
According to Masato Kanda, Japan's senior currency diplomat, the Group of Seven (G7) advanced economies, which Japan is chairing, will address ways to assist poor nations implement central bank digital currencies (CBDCs) in accordance with international norms. The move comes as part of the G7's efforts to address challenges posed by digital technology.
Bharat Heavy Electricals Limited (BHEL) led consortium has won a mega tender by the Ministry of Railways in India to supply 80 Vande Bharat trains at a cost of Rs 120 crore per train. As per the terms of the agreement, the consortium will also undertake the comprehensive maintenance of the sleeper-class trains for a period of 35 years.
The Indian Railways has set its sights on a major overhaul, with a whopping 2.40 lakh crore investment aimed at expanding railway tracks, electrification, and station facilities. As part of this ambitious project, Rashtriya Ispat Nigam (RINL) is gearing up to produce 55,000 wheels during the current financial year, according to reports.
Google layoff news: Sundar Pichai, CEO of Google, has spoken out about the likelihood of a second round of layoffs for the tech giant. Pichai told the Wall Street Journal that the business is "very, very focused" on its existing potential and that there is "a lot of work left." He also stated that they are prioritising their most critical areas and relocating personnel accordingly.
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.
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. 

Gold prices increase in India, 24 carat gold up by Rs 330

Wednesday 12 April 2023 03:59 AM UTC+00
Gold Price Today: On April 12 (Wednesday), gold prices saw growth across the country after several days of slump. Currently, the 24 carat gold (10 grams) is priced at Rs 60,760 while 22 carat gold (10 grams) is at Rs 55,700. Pure gold prices surged by Rs 330 and standard gold prices grew by Rs 300 in the last 24 hours.
According to Masato Kanda, Japan's senior currency diplomat, the Group of Seven (G7) advanced economies, which Japan is chairing, will address ways to assist poor nations implement central bank digital currencies (CBDCs) in accordance with international norms. The move comes as part of the G7's efforts to address challenges posed by digital technology.
Bharat Heavy Electricals Limited (BHEL) led consortium has won a mega tender by the Ministry of Railways in India to supply 80 Vande Bharat trains at a cost of Rs 120 crore per train. As per the terms of the agreement, the consortium will also undertake the comprehensive maintenance of the sleeper-class trains for a period of 35 years.
The Indian Railways has set its sights on a major overhaul, with a whopping 2.40 lakh crore investment aimed at expanding railway tracks, electrification, and station facilities. As part of this ambitious project, Rashtriya Ispat Nigam (RINL) is gearing up to produce 55,000 wheels during the current financial year, according to reports.
Google layoff news: Sundar Pichai, CEO of Google, has spoken out about the likelihood of a second round of layoffs for the tech giant. Pichai told the Wall Street Journal that the business is "very, very focused" on its existing potential and that there is "a lot of work left." He also stated that they are prioritising their most critical areas and relocating personnel accordingly.
The International Energy Agency (IEA) called OPEC+'s move to limit oil production "risky for the global economy", saying it could push up already high prices, resulting in greater import costs for countries like India.

How to book LPG cylinder through WhatsApp: Steps to do it

Wednesday 12 April 2023 09:48 AM UTC+00
Gas companies have recently introduced a convenient change that allows customers to book refills for their LPG cylinders through WhatsApp. This new method aims to simplify the process for customers and enhance their overall experience.
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. 

Gold prices increase in India, 24 carat gold up by Rs 330

Wednesday 12 April 2023 03:59 AM UTC+00
Gold Price Today: On April 12 (Wednesday), gold prices saw growth across the country after several days of slump. Currently, the 24 carat gold (10 grams) is priced at Rs 60,760 while 22 carat gold (10 grams) is at Rs 55,700. Pure gold prices surged by Rs 330 and standard gold prices grew by Rs 300 in the last 24 hours.
According to Masato Kanda, Japan's senior currency diplomat, the Group of Seven (G7) advanced economies, which Japan is chairing, will address ways to assist poor nations implement central bank digital currencies (CBDCs) in accordance with international norms. The move comes as part of the G7's efforts to address challenges posed by digital technology.
Bharat Heavy Electricals Limited (BHEL) led consortium has won a mega tender by the Ministry of Railways in India to supply 80 Vande Bharat trains at a cost of Rs 120 crore per train. As per the terms of the agreement, the consortium will also undertake the comprehensive maintenance of the sleeper-class trains for a period of 35 years.
Google layoff news: Sundar Pichai, CEO of Google, has spoken out about the likelihood of a second round of layoffs for the tech giant. Pichai told the Wall Street Journal that the business is "very, very focused" on its existing potential and that there is "a lot of work left." He also stated that they are prioritising their most critical areas and relocating personnel accordingly.
The International Energy Agency (IEA) called OPEC+'s move to limit oil production "risky for the global economy", saying it could push up already high prices, resulting in greater import costs for countries like India.

How to book LPG cylinder through WhatsApp: Steps to do it

Wednesday 12 April 2023 09:48 AM UTC+00
Gas companies have recently introduced a convenient change that allows customers to book refills for their LPG cylinders through WhatsApp. This new method aims to simplify the process for customers and enhance their overall experience.

Retail inflation drops to 5.66% in March from 6.44% in February

Wednesday 12 April 2023 12:37 PM UTC+00
The retail inflation has dropped to 5.66 per cent in March from 6.44 per cent in February. The inflation figure in March is within the RBI's comfort zone as it is below 6 per cent.
New Delhi: Under the Federal Aviation Administration's (FAA's) international aviation safety programme, India has once again retained Category I status. The FAA determines whether a nation's oversight of its air carriers that operate in or seek to operate into the US or codeshare with a US air carrier complies with safety standards set by the International Civil Aviation Organization (ICAO) through its International Aviation Safety Assessment (IASA) programme.

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. 

Gold prices increase in India, 24 carat gold up by Rs 330

Wednesday 12 April 2023 03:59 AM UTC+00
Gold Price Today: On April 12 (Wednesday), gold prices saw growth across the country after several days of slump. Currently, the 24 carat gold (10 grams) is priced at Rs 60,760 while 22 carat gold (10 grams) is at Rs 55,700. Pure gold prices surged by Rs 330 and standard gold prices grew by Rs 300 in the last 24 hours.
According to Masato Kanda, Japan's senior currency diplomat, the Group of Seven (G7) advanced economies, which Japan is chairing, will address ways to assist poor nations implement central bank digital currencies (CBDCs) in accordance with international norms. The move comes as part of the G7's efforts to address challenges posed by digital technology.
Bharat Heavy Electricals Limited (BHEL) led consortium has won a mega tender by the Ministry of Railways in India to supply 80 Vande Bharat trains at a cost of Rs 120 crore per train. As per the terms of the agreement, the consortium will also undertake the comprehensive maintenance of the sleeper-class trains for a period of 35 years.
Google layoff news: Sundar Pichai, CEO of Google, has spoken out about the likelihood of a second round of layoffs for the tech giant. Pichai told the Wall Street Journal that the business is "very, very focused" on its existing potential and that there is "a lot of work left." He also stated that they are prioritising their most critical areas and relocating personnel accordingly.
The International Energy Agency (IEA) called OPEC+'s move to limit oil production "risky for the global economy", saying it could push up already high prices, resulting in greater import costs for countries like India.

How to book LPG cylinder through WhatsApp: Steps to do it

Wednesday 12 April 2023 09:48 AM UTC+00
Gas companies have recently introduced a convenient change that allows customers to book refills for their LPG cylinders through WhatsApp. This new method aims to simplify the process for customers and enhance their overall experience.

Retail inflation drops to 5.66% in March from 6.44% in February

Wednesday 12 April 2023 12:37 PM UTC+00
The retail inflation has dropped to 5.66 per cent in March from 6.44 per cent in February. The inflation figure in March is within the RBI's comfort zone as it is below 6 per cent.
New Delhi: Under the Federal Aviation Administration's (FAA's) international aviation safety programme, India has once again retained Category I status. The FAA determines whether a nation's oversight of its air carriers that operate in or seek to operate into the US or codeshare with a US air carrier complies with safety standards set by the International Civil Aviation Organization (ICAO) through its International Aviation Safety Assessment (IASA) programme.
Mahindra & Mahindra Chairman Emeritus Keshub Mahindra passed away on Wednesday in Mumbai at the age of 99. He breathed his last this morning at home peacefully, said a person close to the family.
According to Masato Kanda, Japan's senior currency diplomat, the Group of Seven (G7) advanced economies, which Japan is chairing, will address ways to assist poor nations implement central bank digital currencies (CBDCs) in accordance with international norms. The move comes as part of the G7's efforts to address challenges posed by digital technology.
Bharat Heavy Electricals Limited (BHEL) led consortium has won a mega tender by the Ministry of Railways in India to supply 80 Vande Bharat trains at a cost of Rs 120 crore per train. As per the terms of the agreement, the consortium will also undertake the comprehensive maintenance of the sleeper-class trains for a period of 35 years.
Google layoff news: Sundar Pichai, CEO of Google, has spoken out about the likelihood of a second round of layoffs for the tech giant. Pichai told the Wall Street Journal that the business is "very, very focused" on its existing potential and that there is "a lot of work left." He also stated that they are prioritising their most critical areas and relocating personnel accordingly.
The International Energy Agency (IEA) called OPEC+'s move to limit oil production "risky for the global economy", saying it could push up already high prices, resulting in greater import costs for countries like India.

How to book LPG cylinder through WhatsApp: Steps to do it

Wednesday 12 April 2023 09:48 AM UTC+00
Gas companies have recently introduced a convenient change that allows customers to book refills for their LPG cylinders through WhatsApp. This new method aims to simplify the process for customers and enhance their overall experience.

Retail inflation drops to 5.66% in March from 6.44% in February

Wednesday 12 April 2023 12:37 PM UTC+00
The retail inflation has dropped to 5.66 per cent in March from 6.44 per cent in February. The inflation figure in March is within the RBI's comfort zone as it is below 6 per cent.
New Delhi: Under the Federal Aviation Administration's (FAA's) international aviation safety programme, India has once again retained Category I status. The FAA determines whether a nation's oversight of its air carriers that operate in or seek to operate into the US or codeshare with a US air carrier complies with safety standards set by the International Civil Aviation Organization (ICAO) through its International Aviation Safety Assessment (IASA) programme.
Mahindra & Mahindra Chairman Emeritus Keshub Mahindra passed away on Wednesday in Mumbai at the age of 99. He breathed his last this morning at home peacefully, said a person close to the family.
Genesis Gas Solutions, a wholly owned subsidiary of Vikas Lifecare, has received the first-ever orders for Ultrasonic Meters Gas Meters. Vikas Lifecare in a regulatory filing said that Genesis will supply Ultrasonic Gas Meters for both industrial and commercial gas customers. 
With the doubling of smartphone exports from India to over USD 11 billion, the country is on its way to become global leader in the mobile devices segment, Union minister Ashwini Vaishnaw said on Wednesday.
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