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IndiaTV Business: Google News Feed: Digest for April 19, 2023

IndiaTV Business: Google News Feed

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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.
Issues related to crypto assets require immediate attention and the response of the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm, Union Finance Minister Nirmala Sitharaman has said.
Samsung business news: Samsung Electronics's management and its workers have agreed to an average 4.1 per cent pay raise for the year, while effectively freezing raises for its board members due to poor performance amid a worsening chip glut and a global slowdown.
The South Central Railway (SCR) Zone has earned a Gross Originating Revenue of Rs 18,973.14 crore during fiscal 2022-23, which is the highest originating revenue earned by the Zone since its inception, a senior official said on Monday.
Indian Railways has registered a record revenue of Rs 2.40 lakh crore in the 2022-23 financial year, up by nearly Rs 49,000 crore from the previous year, according to a ministry statement on Monday. In 2022-23, the freight revenue rose to Rs 1.62 lakh crore, a growth of nearly 15 percent from the previous year.
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.
Issues related to crypto assets require immediate attention and the response of the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm, Union Finance Minister Nirmala Sitharaman has said.
Samsung business news: Samsung Electronics's management and its workers have agreed to an average 4.1 per cent pay raise for the year, while effectively freezing raises for its board members due to poor performance amid a worsening chip glut and a global slowdown.
The South Central Railway (SCR) Zone has earned a Gross Originating Revenue of Rs 18,973.14 crore during fiscal 2022-23, which is the highest originating revenue earned by the Zone since its inception, a senior official said on Monday.
Indian Railways has registered a record revenue of Rs 2.40 lakh crore in the 2022-23 financial year, up by nearly Rs 49,000 crore from the previous year, according to a ministry statement on Monday. In 2022-23, the freight revenue rose to Rs 1.62 lakh crore, a growth of nearly 15 percent from the previous year.
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.
Issues related to crypto assets require immediate attention and the response of the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm, Union Finance Minister Nirmala Sitharaman has said.
Samsung business news: Samsung Electronics's management and its workers have agreed to an average 4.1 per cent pay raise for the year, while effectively freezing raises for its board members due to poor performance amid a worsening chip glut and a global slowdown.
The South Central Railway (SCR) Zone has earned a Gross Originating Revenue of Rs 18,973.14 crore during fiscal 2022-23, which is the highest originating revenue earned by the Zone since its inception, a senior official said on Monday.
Indian Railways has registered a record revenue of Rs 2.40 lakh crore in the 2022-23 financial year, up by nearly Rs 49,000 crore from the previous year, according to a ministry statement on Monday. In 2022-23, the freight revenue rose to Rs 1.62 lakh crore, a growth of nearly 15 percent from the previous year.
Reliance Capital News: The Mumbai-bench of National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of Reliance Capital by three months to July 16 as lenders have agreed to hold a second round of auction to maximise their recovery.
Air India revamped the salary structure for its pilots and cabin crew on Monday, which includes a revision of the per-hour flying rate for pilots. Under the new structure, the salary of a trainee pilot now stands at Rs 50,000 while a senior commander will earn Rs 8.50 lakh per month while the guaranteed flying allowance component has been doubled from the current 20 hours to 40 hours.
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.
Issues related to crypto assets require immediate attention and the response of the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm, Union Finance Minister Nirmala Sitharaman has said.
Samsung business news: Samsung Electronics's management and its workers have agreed to an average 4.1 per cent pay raise for the year, while effectively freezing raises for its board members due to poor performance amid a worsening chip glut and a global slowdown.
The South Central Railway (SCR) Zone has earned a Gross Originating Revenue of Rs 18,973.14 crore during fiscal 2022-23, which is the highest originating revenue earned by the Zone since its inception, a senior official said on Monday.
Indian Railways has registered a record revenue of Rs 2.40 lakh crore in the 2022-23 financial year, up by nearly Rs 49,000 crore from the previous year, according to a ministry statement on Monday. In 2022-23, the freight revenue rose to Rs 1.62 lakh crore, a growth of nearly 15 percent from the previous year.
Reliance Capital News: The Mumbai-bench of National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of Reliance Capital by three months to July 16 as lenders have agreed to hold a second round of auction to maximise their recovery.
Air India revamped the salary structure for its pilots and cabin crew, which includes a revision of the per-hour flying rate for pilots. Under the new structure, the salary of a trainee pilot now stands at Rs 50,000 while a senior commander will earn Rs 8.50 lakh per month while the guaranteed flying allowance component has been doubled from the current 20 hours to 40 hours. 
The Apple ecosystem in India has generated over one lakh new direct jobs in manufacturing in the last two years, Minister of State, Electronics and IT, Rajeev Chandrashekhar, said on Tuesday.
New Delhi: Passenger vehicle leaders Maruti Suzuki India and Hyundai Motor saw their market share dip in FY23 as compared with FY22 as they struggled with a shortage of electronic components, according to the automobile dealers' body Federation of Automobile Dealers Associations (FADA). 
Benchmark equity indices Sensex and Nifty closed lower for a second day on Tuesday due to profit-taking in select banking, power and FMCG stocks amid mixed global markets and foreign fund outflows. Fall in index major Reliance Industries, HDFC Bank and ICICI Bank also dented sentiment.
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.
Issues related to crypto assets require immediate attention and the response of the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm, Union Finance Minister Nirmala Sitharaman has said.
Samsung business news: Samsung Electronics's management and its workers have agreed to an average 4.1 per cent pay raise for the year, while effectively freezing raises for its board members due to poor performance amid a worsening chip glut and a global slowdown.
The South Central Railway (SCR) Zone has earned a Gross Originating Revenue of Rs 18,973.14 crore during fiscal 2022-23, which is the highest originating revenue earned by the Zone since its inception, a senior official said on Monday.
Indian Railways has registered a record revenue of Rs 2.40 lakh crore in the 2022-23 financial year, up by nearly Rs 49,000 crore from the previous year, according to a ministry statement on Monday. In 2022-23, the freight revenue rose to Rs 1.62 lakh crore, a growth of nearly 15 percent from the previous year.
Reliance Capital News: The Mumbai-bench of National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of Reliance Capital by three months to July 16 as lenders have agreed to hold a second round of auction to maximise their recovery.
Air India revamped the salary structure for its pilots and cabin crew, which includes a revision of the per-hour flying rate for pilots. Under the new structure, the salary of a trainee pilot now stands at Rs 50,000 while a senior commander will earn Rs 8.50 lakh per month while the guaranteed flying allowance component has been doubled from the current 20 hours to 40 hours. 
The Apple ecosystem in India has generated over one lakh new direct jobs in manufacturing in the last two years, Minister of State, Electronics and IT, Rajeev Chandrashekhar, said on Tuesday.
New Delhi: Passenger vehicle leaders Maruti Suzuki India and Hyundai Motor saw their market share dip in FY23 as compared with FY22 as they struggled with a shortage of electronic components, according to the automobile dealers' body Federation of Automobile Dealers Associations (FADA). 
Benchmark equity indices Sensex and Nifty closed lower for a second day on Tuesday due to profit-taking in select banking, power and FMCG stocks amid mixed global markets and foreign fund outflows. Fall in index major Reliance Industries, HDFC Bank and ICICI Bank also dented sentiment.
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.
Issues related to crypto assets require immediate attention and the response of the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm, Union Finance Minister Nirmala Sitharaman has said.
Samsung business news: Samsung Electronics's management and its workers have agreed to an average 4.1 per cent pay raise for the year, while effectively freezing raises for its board members due to poor performance amid a worsening chip glut and a global slowdown.
The South Central Railway (SCR) Zone has earned a Gross Originating Revenue of Rs 18,973.14 crore during fiscal 2022-23, which is the highest originating revenue earned by the Zone since its inception, a senior official said on Monday.
Indian Railways has registered a record revenue of Rs 2.40 lakh crore in the 2022-23 financial year, up by nearly Rs 49,000 crore from the previous year, according to a ministry statement on Monday. In 2022-23, the freight revenue rose to Rs 1.62 lakh crore, a growth of nearly 15 percent from the previous year.
Reliance Capital News: The Mumbai-bench of National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of Reliance Capital by three months to July 16 as lenders have agreed to hold a second round of auction to maximise their recovery.
Air India revamped the salary structure for its pilots and cabin crew, which includes a revision of the per-hour flying rate for pilots. Under the new structure, the salary of a trainee pilot now stands at Rs 50,000 while a senior commander will earn Rs 8.50 lakh per month while the guaranteed flying allowance component has been doubled from the current 20 hours to 40 hours. 
The Apple ecosystem in India has generated over one lakh new direct jobs in manufacturing in the last two years, Minister of State, Electronics and IT, Rajeev Chandrashekhar, said on Tuesday.
New Delhi: Passenger vehicle leaders Maruti Suzuki India and Hyundai Motor saw their market share dip in FY23 as compared with FY22 as they struggled with a shortage of electronic components, according to the automobile dealers' body Federation of Automobile Dealers Associations (FADA). 
Benchmark equity indices Sensex and Nifty closed lower for a second day on Tuesday due to profit-taking in select banking, power and FMCG stocks amid mixed global markets and foreign fund outflows. Fall in index major Reliance Industries, HDFC Bank and ICICI Bank also dented sentiment.
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