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IndiaTV Business: Google News Feed: Digest for April 20, 2023

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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.
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.
As several startups and unicorns continue to bleed money with no respite in sight in FY23, a leading Indian startup has announced that it will hire employees who lost their jobs in the recent past. Founded in 2017, AdCounty Media has said that it has reserved 75 per cent quota for employees who have been affected by the layoffs.
Business news: A significant price reduction in subscription tiers in India has helped Netflix grow engagement in the country by nearly 30 per cent (year on year) in the first quarter of 2023, the streaming giant has announced. Over time, Netflix has adapted our prices to meet local needs and to further deepen its penetration, it lowered prices in India by 20-60 per cent in December 2021.
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.
As several startups and unicorns continue to bleed money with no respite in sight in FY23, a leading Indian startup has announced that it will hire employees who lost their jobs in the recent past. Founded in 2017, AdCounty Media has said that it has reserved 75 per cent quota for employees who have been affected by the layoffs. 
Business news: A significant price reduction in subscription tiers in India has helped Netflix grow engagement in the country by nearly 30 per cent (year on year) in the first quarter of 2023, the streaming giant has announced. Over time, Netflix has adapted our prices to meet local needs and to further deepen its penetration, it lowered prices in India by 20-60 per cent in December 2021.
Noida: In a big boost to India's increasing capabilities as a manufacturing hub, the country's second semiconductor plant is likely to be set in Uttar Pradesh, media reports have said.
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.
As several startups and unicorns continue to bleed money with no respite in sight in FY23, a leading Indian startup has announced that it will hire employees who lost their jobs in the recent past. Founded in 2017, AdCounty Media has said that it has reserved 75 per cent quota for employees who have been affected by the layoffs. 
Business news: A significant price reduction in subscription tiers in India has helped Netflix grow engagement in the country by nearly 30 per cent (year on year) in the first quarter of 2023, the streaming giant has announced. Over time, Netflix has adapted our prices to meet local needs and to further deepen its penetration, it lowered prices in India by 20-60 per cent in December 2021.
Noida: In a big boost to India's increasing capabilities as a manufacturing hub, the country's second semiconductor plant is likely to be set in Uttar Pradesh, media reports have said.
Meta layoffs: Meta is set to begin yet another round of mass layoffs across Facebook, Instagram and WhatsApp as the company move forward towards Mark Zuckerberg's goal of achieving greater efficiency.
Mumbai: Benchmark indices Sensex and Nifty declined for a third day on Wednesday dragged by selling in IT and select banking shares amid weak global trends and FII outflows. The 30-share BSE Sensex closed lower by 159.21 points or 0.27 per cent at 59,567.80 as 21 of its components ended in the red. During the day, the index fell 274.29 points or 0.45 per cent to 59,452.72.
Apple CEO Tim Cook on Wednesday met Prime Minister Narendra Modi in New Delhi and said that they are committed to investing in India.
Mumbai: Pilot bodies at Tata Group-owned Air India have asked their members not to accept or sign revised terms and conditions days after the management came out with a revamped compensation structure for its flight and cockpit crew, as per a joint communication of the two unions. According to union sources, Air India has unilaterally changed the condition without consulting the pilots and alleged that they are trying to make all senior pilots executive and thus kill the unions.
The Central Bureau of Investigation (CBI) has registered an FIR against Oxfam and others for alleged violations of Foreign Contribution (Regulation) Act (FCRA), PTI quoted officials.
Business news: A significant price reduction in subscription tiers in India has helped Netflix grow engagement in the country by nearly 30 per cent (year on year) in the first quarter of 2023, the streaming giant has announced. Over time, Netflix has adapted our prices to meet local needs and to further deepen its penetration, it lowered prices in India by 20-60 per cent in December 2021.
Noida: In a big boost to India's increasing capabilities as a manufacturing hub, the country's second semiconductor plant is likely to be set in Uttar Pradesh, media reports have said.
Meta layoffs: Meta is set to begin yet another round of mass layoffs across Facebook, Instagram and WhatsApp as the company move forward towards Mark Zuckerberg's goal of achieving greater efficiency.
Mumbai: Benchmark indices Sensex and Nifty declined for a third day on Wednesday dragged by selling in IT and select banking shares amid weak global trends and FII outflows. The 30-share BSE Sensex closed lower by 159.21 points or 0.27 per cent at 59,567.80 as 21 of its components ended in the red. During the day, the index fell 274.29 points or 0.45 per cent to 59,452.72.
Apple CEO Tim Cook on Wednesday met Prime Minister Narendra Modi in New Delhi and said that they are committed to investing in India.
Mumbai: Pilot bodies at Tata Group-owned Air India have asked their members not to accept or sign revised terms and conditions days after the management came out with a revamped compensation structure for its flight and cockpit crew, as per a joint communication of the two unions. According to union sources, Air India has unilaterally changed the condition without consulting the pilots and alleged that they are trying to make all senior pilots executive and thus kill the unions.
The Central Bureau of Investigation (CBI) has registered an FIR against Oxfam and others for alleged violations of Foreign Contribution (Regulation) Act (FCRA), PTI quoted officials.
New Delhi: The Directorate General of Civil Aviation (DGCA) informed that the domestic air passenger traffic registered an annual growth of 51.70 per cent during January - March 2023. The monthly passenger growth was also 21.41 per cent. During the same period, domestic airlines carried 375.04 lakh passengers between January-March 2023, as against 247.23 lakh in the same period last year.
Air India-Vistara merger: In order to complete the deal to merge its full-service carriers Vistara and Air India, Tata Group has sought approval from the fair-trade regulator Competition Commission of India (CCI). 
Apple CEO Tim Cook on Wednesday met Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, and discussed how to further boost local manufacturing and iPhone exports.
Business news: A significant price reduction in subscription tiers in India has helped Netflix grow engagement in the country by nearly 30 per cent (year on year) in the first quarter of 2023, the streaming giant has announced. Over time, Netflix has adapted our prices to meet local needs and to further deepen its penetration, it lowered prices in India by 20-60 per cent in December 2021.
Noida: In a big boost to India's increasing capabilities as a manufacturing hub, the country's second semiconductor plant is likely to be set in Uttar Pradesh, media reports have said.
Meta layoffs: Meta is set to begin yet another round of mass layoffs across Facebook, Instagram and WhatsApp as the company move forward towards Mark Zuckerberg's goal of achieving greater efficiency.
Mumbai: Benchmark indices Sensex and Nifty declined for a third day on Wednesday dragged by selling in IT and select banking shares amid weak global trends and FII outflows. The 30-share BSE Sensex closed lower by 159.21 points or 0.27 per cent at 59,567.80 as 21 of its components ended in the red. During the day, the index fell 274.29 points or 0.45 per cent to 59,452.72.
Apple CEO Tim Cook on Wednesday met Prime Minister Narendra Modi in New Delhi and said that they are committed to investing in India.
Mumbai: Pilot bodies at Tata Group-owned Air India have asked their members not to accept or sign revised terms and conditions days after the management came out with a revamped compensation structure for its flight and cockpit crew, as per a joint communication of the two unions. According to union sources, Air India has unilaterally changed the condition without consulting the pilots and alleged that they are trying to make all senior pilots executive and thus kill the unions.
The Central Bureau of Investigation (CBI) has registered an FIR against Oxfam and others for alleged violations of Foreign Contribution (Regulation) Act (FCRA), PTI quoted officials.
New Delhi: The Directorate General of Civil Aviation (DGCA) informed that the domestic air passenger traffic registered an annual growth of 51.70 per cent during January - March 2023. The monthly passenger growth was also 21.41 per cent. During the same period, domestic airlines carried 375.04 lakh passengers between January-March 2023, as against 247.23 lakh in the same period last year.
Air India-Vistara merger: In order to complete the deal to merge its full-service carriers Vistara and Air India, Tata Group has sought approval from the fair-trade regulator Competition Commission of India (CCI). 
Apple CEO Tim Cook on Wednesday met Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, and discussed how to further boost local manufacturing and iPhone exports.
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