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IndiaTV Business: Google News Feed: Digest for April 15, 2023

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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. 
Union Minister Ashwini Vaishnaw on Wednesday said that the country is on its way to become global leader in the mobile devices segment as the nation clocked over USD 11 billion mobile phone exports.

Gold prices surge in India, 24 carat gold crosses Rs 61,000

Thursday 13 April 2023 04:05 AM UTC+00
Gold Price Today: On April 13 (Thursday), gold prices saw a massive rise in its prices. Currently, the 24 carat gold (10 grams) is priced at Rs 61,320 while 22 carat gold (10 grams) is at Rs 56,210. Pure gold prices surged by Rs 560 and standard gold prices grew by Rs 510 in the last 24 hours.
The Bruce Lee Estate has partnered with Shibuya, an NFT-driven video platform, to create a Web3 presence for the late martial artist and actor. In a classic video interview clip shared on social media, Lee transforms from live footage into an anime-style rendition. An open edition Ethereum NFT called "House of Lee: Genesis" has been made available by Shibuya.
Multibagger Stock Split: Hardwyn India shares gained 5 per cent today after it informed exchanges that the board will consider and approve sub-division of equity shares in the next scheduled meet. The face value of each share of the aluminium industry company is Rs 10.
Apple Inc. increased its iPhone production in India over the previous fiscal year, exceeding the $7 billion milestone and tripling its output in the country. Its growth is a result of the company's attempts to diversify its manufacturing industry and decrease its dependence on China. The American business currently manufactures approximately 7% of its iPhones in India through increasing partnerships with companies like Foxconn Technology Group and Pegatron Corp.
The Reserve Bank of India (RBI) has rebuked banks for overcharging borrowers under the pretence of penal interest rates and has proposed measures to shield borrowers from unfair charges. The regulator stated in a drafted circular on levying penal charges on loan accounts that the penalty should be levied as a charge rather than as a compounding interest rate.
Yes Bank co-founder Rana Kapoor was granted bail in a money laundering case by a special Prevention of Money Laundering Act (PMLA) court on Wednesday.
"I am a Taiwanese citizen," said Morris Chang - the man's nationality triggered a row over the Adani group's alleged links with Chinese entities.
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. 
Union Minister Ashwini Vaishnaw on Wednesday said that the country is on its way to become global leader in the mobile devices segment as the nation clocked over USD 11 billion mobile phone exports.

Gold prices surge in India, 24 carat gold crosses Rs 61,000

Thursday 13 April 2023 04:05 AM UTC+00
Gold Price Today: On April 13 (Thursday), gold prices saw a massive rise in its prices. Currently, the 24 carat gold (10 grams) is priced at Rs 61,320 while 22 carat gold (10 grams) is at Rs 56,210. Pure gold prices surged by Rs 560 and standard gold prices grew by Rs 510 in the last 24 hours.
The Bruce Lee Estate has partnered with Shibuya, an NFT-driven video platform, to create a Web3 presence for the late martial artist and actor. In a classic video interview clip shared on social media, Lee transforms from live footage into an anime-style rendition. An open edition Ethereum NFT called "House of Lee: Genesis" has been made available by Shibuya.
Multibagger Stock Split: Hardwyn India shares gained 5 per cent today after it informed exchanges that the board will consider and approve sub-division of equity shares in the next scheduled meet. The face value of each share of the aluminium industry company is Rs 10.
Apple Inc. increased its iPhone production in India over the previous fiscal year, exceeding the $7 billion milestone and tripling its output in the country. Its growth is a result of the company's attempts to diversify its manufacturing industry and decrease its dependence on China. The American business currently manufactures approximately 7% of its iPhones in India through increasing partnerships with companies like Foxconn Technology Group and Pegatron Corp.
The Reserve Bank of India (RBI) has rebuked banks for overcharging borrowers under the pretence of penal interest rates and has proposed measures to shield borrowers from unfair charges. The regulator stated in a drafted circular on levying penal charges on loan accounts that the penalty should be levied as a charge rather than as a compounding interest rate.
Yes Bank co-founder Rana Kapoor was granted bail in a money laundering case by a special Prevention of Money Laundering Act (PMLA) court on Wednesday.
"I am a Taiwanese citizen," said Morris Chang - the man's nationality triggered a row over the Adani group's alleged links with Chinese entities.

Gold prices surge in India, 24 carat gold crosses Rs 61,000

Thursday 13 April 2023 04:05 AM UTC+00
Gold Price Today: On April 13 (Thursday), gold prices saw a massive rise in its prices. Currently, the 24 carat gold (10 grams) is priced at Rs 61,320 while 22 carat gold (10 grams) is at Rs 56,210. Pure gold prices surged by Rs 560 and standard gold prices grew by Rs 510 in the last 24 hours.
The Bruce Lee Estate has partnered with Shibuya, an NFT-driven video platform, to create a Web3 presence for the late martial artist and actor. In a classic video interview clip shared on social media, Lee transforms from live footage into an anime-style rendition. An open edition Ethereum NFT called "House of Lee: Genesis" has been made available by Shibuya.
Multibagger Stock Split: Hardwyn India shares gained 5 per cent today after it informed exchanges that the board will consider and approve sub-division of equity shares in the next scheduled meet. The face value of each share of the aluminium industry company is Rs 10.
Apple Inc. increased its iPhone production in India over the previous fiscal year, exceeding the $7 billion milestone and tripling its output in the country. Its growth is a result of the company's attempts to diversify its manufacturing industry and decrease its dependence on China. The American business currently manufactures approximately 7% of its iPhones in India through increasing partnerships with companies like Foxconn Technology Group and Pegatron Corp.
The Reserve Bank of India (RBI) has rebuked banks for overcharging borrowers under the pretence of penal interest rates and has proposed measures to shield borrowers from unfair charges. The regulator stated in a drafted circular on levying penal charges on loan accounts that the penalty should be levied as a charge rather than as a compounding interest rate.
Yes Bank co-founder Rana Kapoor was granted bail in a money laundering case by a special Prevention of Money Laundering Act (PMLA) court on Wednesday.
"I am a Taiwanese citizen," said Morris Chang - the man's nationality triggered a row over the Adani group's alleged links with Chinese entities.
Gold Rate Today: On April 14 (Friday), gold prices saw a small fall in its prices. Currently, the 24 carat gold (10 grams) is priced at Rs 61,200 while 22 carat gold (10 grams) is at Rs 56,100. Pure gold prices decreased by Rs 110 and standard gold prices fell by Rs 100 in the last 24 hours.
The Directorate General of GST Intelligence (DGGI) has initiated action against several insurance companies, including HDFC Bank, Go Digit Insurance, and Policybazaar, for allegedly issuing fake invoices to claim input tax credit without providing any services. DGGI officials have sent show-cause notices and summons to at least 120 insurance intermediaries and aggregators across the country in the last 15 days, after a year-long investigation revealed evasion of Rs 2,250 crore through fraudulent invoices raised from 2018 to March 2022, according to  reports.
Business news: Tata Motors today (April 15) said it will increase prices of its passenger vehicles from May 1 to partially offset increase in input costs. The weighted average increase will be 0.6 per cent, depending on the variant and model, Tata Motors said in a statement.
Multibagger Stock Split: Hardwyn India shares gained 5 per cent today after it informed exchanges that the board will consider and approve sub-division of equity shares in the next scheduled meet. The face value of each share of the aluminium industry company is Rs 10.
Apple Inc. increased its iPhone production in India over the previous fiscal year, exceeding the $7 billion milestone and tripling its output in the country. Its growth is a result of the company's attempts to diversify its manufacturing industry and decrease its dependence on China. The American business currently manufactures approximately 7% of its iPhones in India through increasing partnerships with companies like Foxconn Technology Group and Pegatron Corp.
The Reserve Bank of India (RBI) has rebuked banks for overcharging borrowers under the pretence of penal interest rates and has proposed measures to shield borrowers from unfair charges. The regulator stated in a drafted circular on levying penal charges on loan accounts that the penalty should be levied as a charge rather than as a compounding interest rate.
Yes Bank co-founder Rana Kapoor was granted bail in a money laundering case by a special Prevention of Money Laundering Act (PMLA) court on Wednesday.
"I am a Taiwanese citizen," said Morris Chang - the man's nationality triggered a row over the Adani group's alleged links with Chinese entities.
Gold Rate Today: On April 14 (Friday), gold prices saw a small fall in its prices. Currently, the 24 carat gold (10 grams) is priced at Rs 61,200 while 22 carat gold (10 grams) is at Rs 56,100. Pure gold prices decreased by Rs 110 and standard gold prices fell by Rs 100 in the last 24 hours.
The Directorate General of GST Intelligence (DGGI) has initiated action against several insurance companies, including HDFC Bank, Go Digit Insurance, and Policybazaar, for allegedly issuing fake invoices to claim input tax credit without providing any services. DGGI officials have sent show-cause notices and summons to at least 120 insurance intermediaries and aggregators across the country in the last 15 days, after a year-long investigation revealed evasion of Rs 2,250 crore through fraudulent invoices raised from 2018 to March 2022, according to  reports.
Business news: Tata Motors today (April 15) said it will increase prices of its passenger vehicles from May 1 to partially offset increase in input costs. The weighted average increase will be 0.6 per cent, depending on the variant and model, Tata Motors said in a statement.
Amazon layoffs: Andy Jassy, the CEO of Amazon, in an  annual  letter sent to the company's shareholders  talked about the hard times the company went through in the past and how he is now sure that the recent steps to cut costs will help the platform grow. In his letter, which is published on Amazon website, the executive said that some of the changes, like laying off 27,000 workers, are hard, but will be good for the company in the long run.
Start up layoff crisis:  Massive layoffs in the Indian startup sector has impacted staff throughout India to a huge extent. Since the beginning of the year, we have been flooded with headlines of reductions in force, job cuts, lowering expenses strategies, and and so forth. Factors like the poor state of funding and redundancies throughout the preceding couple of months have made matters worse. There is no halting redundancies at Indian startup firms, as over roundabout 24,500 people have been laid off in the local start-up sector. 
Multibagger Stock Split: Hardwyn India shares gained 5 per cent today after it informed exchanges that the board will consider and approve sub-division of equity shares in the next scheduled meet. The face value of each share of the aluminium industry company is Rs 10.
The Reserve Bank of India (RBI) has rebuked banks for overcharging borrowers under the pretence of penal interest rates and has proposed measures to shield borrowers from unfair charges. The regulator stated in a drafted circular on levying penal charges on loan accounts that the penalty should be levied as a charge rather than as a compounding interest rate.
Yes Bank co-founder Rana Kapoor was granted bail in a money laundering case by a special Prevention of Money Laundering Act (PMLA) court on Wednesday.
"I am a Taiwanese citizen," said Morris Chang - the man's nationality triggered a row over the Adani group's alleged links with Chinese entities.
Gold Rate Today: On April 14 (Friday), gold prices saw a small fall in its prices. Currently, the 24 carat gold (10 grams) is priced at Rs 61,200 while 22 carat gold (10 grams) is at Rs 56,100. Pure gold prices decreased by Rs 110 and standard gold prices fell by Rs 100 in the last 24 hours.
The Directorate General of GST Intelligence (DGGI) has initiated action against several insurance companies, including HDFC Bank, Go Digit Insurance, and Policybazaar, for allegedly issuing fake invoices to claim input tax credit without providing any services. DGGI officials have sent show-cause notices and summons to at least 120 insurance intermediaries and aggregators across the country in the last 15 days, after a year-long investigation revealed evasion of Rs 2,250 crore through fraudulent invoices raised from 2018 to March 2022, according to  reports.
Business news: Tata Motors today (April 15) said it will increase prices of its passenger vehicles from May 1 to partially offset increase in input costs. The weighted average increase will be 0.6 per cent, depending on the variant and model, Tata Motors said in a statement.
Amazon layoffs: Andy Jassy, the CEO of Amazon, in an  annual  letter sent to the company's shareholders  talked about the hard times the company went through in the past and how he is now sure that the recent steps to cut costs will help the platform grow. In his letter, which is published on Amazon website, the executive said that some of the changes, like laying off 27,000 workers, are hard, but will be good for the company in the long run.
Start up layoff crisis:  Massive layoffs in the Indian startup sector has impacted staff throughout India to a huge extent. Since the beginning of the year, we have been flooded with headlines of reductions in force, job cuts, lowering expenses strategies, and and so forth. Factors like the poor state of funding and redundancies throughout the preceding couple of months have made matters worse. There is no halting redundancies at Indian startup firms, as over roundabout 24,500 people have been laid off in the local start-up sector. 
New Delhi: Medico Remedies shares on the bull run, turning multibagger by yielding a massive 261 per cent return in just one year, according to data available on exchanges. The pharma company's stock currently quotes Rs 87.50.
Multibagger Stock Split: Hardwyn India shares gained 5 per cent today after it informed exchanges that the board will consider and approve sub-division of equity shares in the next scheduled meet. The face value of each share of the aluminium industry company is Rs 10.
The Reserve Bank of India (RBI) has rebuked banks for overcharging borrowers under the pretence of penal interest rates and has proposed measures to shield borrowers from unfair charges. The regulator stated in a drafted circular on levying penal charges on loan accounts that the penalty should be levied as a charge rather than as a compounding interest rate.
Yes Bank co-founder Rana Kapoor was granted bail in a money laundering case by a special Prevention of Money Laundering Act (PMLA) court on Wednesday.
"I am a Taiwanese citizen," said Morris Chang - the man's nationality triggered a row over the Adani group's alleged links with Chinese entities.
Gold Rate Today: On April 14 (Friday), gold prices saw a small fall in its prices. Currently, the 24 carat gold (10 grams) is priced at Rs 61,200 while 22 carat gold (10 grams) is at Rs 56,100. Pure gold prices decreased by Rs 110 and standard gold prices fell by Rs 100 in the last 24 hours.
The Directorate General of GST Intelligence (DGGI) has initiated action against several insurance companies, including HDFC Bank, Go Digit Insurance, and Policybazaar, for allegedly issuing fake invoices to claim input tax credit without providing any services. DGGI officials have sent show-cause notices and summons to at least 120 insurance intermediaries and aggregators across the country in the last 15 days, after a year-long investigation revealed evasion of Rs 2,250 crore through fraudulent invoices raised from 2018 to March 2022, according to  reports.
Business news: Tata Motors today (April 15) said it will increase prices of its passenger vehicles from May 1 to partially offset increase in input costs. The weighted average increase will be 0.6 per cent, depending on the variant and model, Tata Motors said in a statement.
Amazon layoffs: Andy Jassy, the CEO of Amazon, in an  annual  letter sent to the company's shareholders  talked about the hard times the company went through in the past and how he is now sure that the recent steps to cut costs will help the platform grow. In his letter, which is published on Amazon website, the executive said that some of the changes, like laying off 27,000 workers, are hard, but will be good for the company in the long run.
Start up layoff crisis:  Massive layoffs in the Indian startup sector has impacted staff throughout India to a huge extent. Since the beginning of the year, we have been flooded with headlines of reductions in force, job cuts, lowering expenses strategies, and and so forth. Factors like the poor state of funding and redundancies throughout the preceding couple of months have made matters worse. There is no halting redundancies at Indian startup firms, as over roundabout 24,500 people have been laid off in the local start-up sector. 
New Delhi: Medico Remedies shares on the bull run, turning multibagger by yielding a massive 261 per cent return in just one year, according to data available on exchanges. The pharma company's stock currently quotes Rs 87.50.
Multibagger Stock Split: Hardwyn India shares gained 5 per cent today after it informed exchanges that the board will consider and approve sub-division of equity shares in the next scheduled meet. The face value of each share of the aluminium industry company is Rs 10.
The Reserve Bank of India (RBI) has rebuked banks for overcharging borrowers under the pretence of penal interest rates and has proposed measures to shield borrowers from unfair charges. The regulator stated in a drafted circular on levying penal charges on loan accounts that the penalty should be levied as a charge rather than as a compounding interest rate.
Yes Bank co-founder Rana Kapoor was granted bail in a money laundering case by a special Prevention of Money Laundering Act (PMLA) court on Wednesday.
"I am a Taiwanese citizen," said Morris Chang - the man's nationality triggered a row over the Adani group's alleged links with Chinese entities.
Gold Rate Today: On April 14 (Friday), gold prices saw a small fall in its prices. Currently, the 24 carat gold (10 grams) is priced at Rs 61,200 while 22 carat gold (10 grams) is at Rs 56,100. Pure gold prices decreased by Rs 110 and standard gold prices fell by Rs 100 in the last 24 hours.
The Directorate General of GST Intelligence (DGGI) has initiated action against several insurance companies, including HDFC Bank, Go Digit Insurance, and Policybazaar, for allegedly issuing fake invoices to claim input tax credit without providing any services. DGGI officials have sent show-cause notices and summons to at least 120 insurance intermediaries and aggregators across the country in the last 15 days, after a year-long investigation revealed evasion of Rs 2,250 crore through fraudulent invoices raised from 2018 to March 2022, according to  reports.
Business news: Tata Motors today (April 15) said it will increase prices of its passenger vehicles from May 1 to partially offset increase in input costs. The weighted average increase will be 0.6 per cent, depending on the variant and model, Tata Motors said in a statement.
Amazon layoffs: Andy Jassy, the CEO of Amazon, in an  annual  letter sent to the company's shareholders  talked about the hard times the company went through in the past and how he is now sure that the recent steps to cut costs will help the platform grow. In his letter, which is published on Amazon website, the executive said that some of the changes, like laying off 27,000 workers, are hard, but will be good for the company in the long run.
Start up layoff crisis:  Massive layoffs in the Indian startup sector has impacted staff throughout India to a huge extent. Since the beginning of the year, we have been flooded with headlines of reductions in force, job cuts, lowering expenses strategies, and and so forth. Factors like the poor state of funding and redundancies throughout the preceding couple of months have made matters worse. There is no halting redundancies at Indian startup firms, as over roundabout 24,500 people have been laid off in the local start-up sector. 
New Delhi: Medico Remedies shares on the bull run, turning multibagger by yielding a massive 261 per cent return in just one year, according to data available on exchanges. The pharma company's stock currently quotes Rs 87.50.
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