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IndiaTV Business: Google News Feed: Digest for April 04, 2023

IndiaTV Business: Google News Feed

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Hyderabad-based construction company SVC and Lahari has launched a greenfield project, called Urban Blossom, in industrial town of Faridabad in Haryana as a part of its expansion spree. According to a media release by the company, the new project is located in Faridabad.

Gold prices remains same in the last 24 hours

Friday 31 March 2023 05:19 AM UTC+00
After several days of movement in gold prices and reaching closer to Rs 60,000, there has been no variation in the price of gold in the last twenty four hours. On 31 March (Friday), the pure gold is priced at Rs 59,670 and standard gold was being traded at Rs 54,350. On 30 March (Thursday), the prices were the same after witnessing a minor bump of Rs 220 in pure gold and Rs 200 in standard gold from 29 March (Wednesday).
Foreign Trade Policy 2023: The government on Friday came out with Foreign Trade Policy (FTP) 2023 which eyes USD 2 trillion in exports by 2030. The FTP is expected to boost India's exports to USD 2 trillion by shifting from incentives to remission and entitlement-based regimes.
Income Tax Rules Change April 1: As the new financial year begins on April 1, several significant changes are set to come into effect, affecting various sectors of the economy. From a new tax regime to increased costs of cars, the changes are expected to have an impact on the daily lives of Indian citizens.
Argentinian low cost airline which was founded in 2016, Flybondi, has partnered with NFT Ticketing solution firm, TravelX to issue airline tickets as Non Fungible Tokens (NFT). Now the travelers have an option to buy a flight ticket and then transfer it to someone else.

24 carat gold crosses Rs 60,000 in major cities

Saturday 01 April 2023 07:05 AM UTC+00
With the start of a new month, 24 carat gold has finally touched the Rs 60,000 mark. On 1 April (Saturday), the 24 carat gold was priced at Rs 60,000, witnessing a jump of Rs 330 in 24 hours and the 22 carat gold was priced at Rs 55,000, registering an increase of Rs 300. On 31 March, the pure gold was at Rs 59,670 and standard gold was at Rs 54,700.
India Malaysia trade agreement: Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the current modes of settlement in other currencies. This follows the decision by the Reserve Bank of India in July 2022 to allow the settlement of international trade in the Indian Rupee (INR). 

GST collection in March 2023 rises to over Rs 1.60 lakh crore

Saturday 01 April 2023 02:45 PM UTC+00
GST collection March 2023: Recording a growth, the gross GST revenue in March month rose to Rs 1,60,122 crore as compared with Rs 1,49,577 crore during February this year.
Benchmark Interest Rate: Reserve Bank of India is expected to hike the benchmark interest rate by 25 basis points. Under pressure to bring down retail inflation and keep pace with global peers, the RBI might take this step on April 6. Before coming out with the bi-monthly monetary policy for fiscal 2023-24 on Thursday, the Monetary Policy Committee (MPC) of the Reserve Bank will be meeting for three days on April 3, 5 and 6 to take into account various domestic and global factors.
Saudi Arabia oil production: Saudi Arabia today (April 2) said that it will cut oil production by 5,00,000 barrels per day from May until the end of 2023. The move would likely raise prices at the pump, further straining relations between Riyadh and Washington as the world copes with inflation fuelled in part by the war in Ukraine.
Hyderabad-based construction company SVC and Lahari has launched a greenfield project, called Urban Blossom, in industrial town of Faridabad in Haryana as a part of its expansion spree. According to a media release by the company, the new project is located in Faridabad.

Gold prices remains same in the last 24 hours

Friday 31 March 2023 05:19 AM UTC+00
After several days of movement in gold prices and reaching closer to Rs 60,000, there has been no variation in the price of gold in the last twenty four hours. On 31 March (Friday), the pure gold is priced at Rs 59,670 and standard gold was being traded at Rs 54,350. On 30 March (Thursday), the prices were the same after witnessing a minor bump of Rs 220 in pure gold and Rs 200 in standard gold from 29 March (Wednesday).
Foreign Trade Policy 2023: The government on Friday came out with Foreign Trade Policy (FTP) 2023 which eyes USD 2 trillion in exports by 2030. The FTP is expected to boost India's exports to USD 2 trillion by shifting from incentives to remission and entitlement-based regimes.
Income Tax Rules Change April 1: As the new financial year begins on April 1, several significant changes are set to come into effect, affecting various sectors of the economy. From a new tax regime to increased costs of cars, the changes are expected to have an impact on the daily lives of Indian citizens.
Argentinian low cost airline which was founded in 2016, Flybondi, has partnered with NFT Ticketing solution firm, TravelX to issue airline tickets as Non Fungible Tokens (NFT). Now the travelers have an option to buy a flight ticket and then transfer it to someone else.

24 carat gold crosses Rs 60,000 in major cities

Saturday 01 April 2023 07:05 AM UTC+00
With the start of a new month, 24 carat gold has finally touched the Rs 60,000 mark. On 1 April (Saturday), the 24 carat gold was priced at Rs 60,000, witnessing a jump of Rs 330 in 24 hours and the 22 carat gold was priced at Rs 55,000, registering an increase of Rs 300. On 31 March, the pure gold was at Rs 59,670 and standard gold was at Rs 54,700.
India Malaysia trade agreement: Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the current modes of settlement in other currencies. This follows the decision by the Reserve Bank of India in July 2022 to allow the settlement of international trade in the Indian Rupee (INR). 

GST collection in March 2023 rises to over Rs 1.60 lakh crore

Saturday 01 April 2023 02:45 PM UTC+00
GST collection March 2023: Recording a growth, the gross GST revenue in March month rose to Rs 1,60,122 crore as compared with Rs 1,49,577 crore during February this year.
Benchmark Interest Rate: Reserve Bank of India is expected to hike the benchmark interest rate by 25 basis points. Under pressure to bring down retail inflation and keep pace with global peers, the RBI might take this step on April 6. Before coming out with the bi-monthly monetary policy for fiscal 2023-24 on Thursday, the Monetary Policy Committee (MPC) of the Reserve Bank will be meeting for three days on April 3, 5 and 6 to take into account various domestic and global factors.
Saudi Arabia oil production: Saudi Arabia today (April 2) said that it will cut oil production by 5,00,000 barrels per day from May until the end of 2023. The move would likely raise prices at the pump, further straining relations between Riyadh and Washington as the world copes with inflation fuelled in part by the war in Ukraine.
Argentinian low cost airline which was founded in 2016, Flybondi, has partnered with NFT Ticketing solution firm, TravelX to issue airline tickets as Non Fungible Tokens (NFT). Now the travelers have an option to buy a flight ticket and then transfer it to someone else.

24 carat gold crosses Rs 60,000 in major cities

Saturday 01 April 2023 07:05 AM UTC+00
With the start of a new month, 24 carat gold has finally touched the Rs 60,000 mark. On 1 April (Saturday), the 24 carat gold was priced at Rs 60,000, witnessing a jump of Rs 330 in 24 hours and the 22 carat gold was priced at Rs 55,000, registering an increase of Rs 300. On 31 March, the pure gold was at Rs 59,670 and standard gold was at Rs 54,700.
India Malaysia trade agreement: Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the current modes of settlement in other currencies. This follows the decision by the Reserve Bank of India in July 2022 to allow the settlement of international trade in the Indian Rupee (INR). 

GST collection in March 2023 rises to over Rs 1.60 lakh crore

Saturday 01 April 2023 02:45 PM UTC+00
GST collection March 2023: Recording a growth, the gross GST revenue in March month rose to Rs 1,60,122 crore as compared with Rs 1,49,577 crore during February this year.
Benchmark Interest Rate: Reserve Bank of India is expected to hike the benchmark interest rate by 25 basis points. Under pressure to bring down retail inflation and keep pace with global peers, the RBI might take this step on April 6. Before coming out with the bi-monthly monetary policy for fiscal 2023-24 on Thursday, the Monetary Policy Committee (MPC) of the Reserve Bank will be meeting for three days on April 3, 5 and 6 to take into account various domestic and global factors.
Saudi Arabia oil production: Saudi Arabia today (April 2) said that it will cut oil production by 5,00,000 barrels per day from May until the end of 2023. The move would likely raise prices at the pump, further straining relations between Riyadh and Washington as the world copes with inflation fuelled in part by the war in Ukraine.
Gold rate today: On April 3 (Monday), gold prices have remained unchanged since the start of April. Currently, the 24 carat gold (10 grams) is priced at Rs 60,000 while 22 carat gold (10 grams) is at Rs 55,000.
After getting slapped with a $258 billion dollar lawsuit by Dogecoin investors, Elon Musk and Tesla have argued to dismiss the lawsuit in front of a Manhattan Federal court in the United States. Musk's lawyers have called the multi-billion lawsuit a work of fiction and innocuous tweets from Musk do not constitute fraud. In 2022, Keith Johnson, a dogecoin investor, filed a lawsuit against Elon Musk for artificially inflating the price and called the cryptocurrency a 'pyramid scheme'.
Burger chain McDonald's Corp, will temporarily shut down its US offices this week, according to various reports.  The company aims to inform corporate employees about the layoffs that will occur as part of a broader company restructuring.

Oil prices jump nearly 6% after OPEC+ output cuts

Monday 03 April 2023 07:44 AM UTC+00
Oil prices surged on Monday after major producers announced a surprise output cut of more than a million barrels per day. The decision  by OPEC+ cartel fueled fears of another price surge, putting pressure on central banks to raise interest rates.
Argentinian low cost airline which was founded in 2016, Flybondi, has partnered with NFT Ticketing solution firm, TravelX to issue airline tickets as Non Fungible Tokens (NFT). Now the travelers have an option to buy a flight ticket and then transfer it to someone else.
India Malaysia trade agreement: Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the current modes of settlement in other currencies. This follows the decision by the Reserve Bank of India in July 2022 to allow the settlement of international trade in the Indian Rupee (INR). 

GST collection in March 2023 rises to over Rs 1.60 lakh crore

Saturday 01 April 2023 02:45 PM UTC+00
GST collection March 2023: Recording a growth, the gross GST revenue in March month rose to Rs 1,60,122 crore as compared with Rs 1,49,577 crore during February this year.
Benchmark Interest Rate: Reserve Bank of India is expected to hike the benchmark interest rate by 25 basis points. Under pressure to bring down retail inflation and keep pace with global peers, the RBI might take this step on April 6. Before coming out with the bi-monthly monetary policy for fiscal 2023-24 on Thursday, the Monetary Policy Committee (MPC) of the Reserve Bank will be meeting for three days on April 3, 5 and 6 to take into account various domestic and global factors.
Saudi Arabia oil production: Saudi Arabia today (April 2) said that it will cut oil production by 5,00,000 barrels per day from May until the end of 2023. The move would likely raise prices at the pump, further straining relations between Riyadh and Washington as the world copes with inflation fuelled in part by the war in Ukraine.
Gold rate today: On April 3 (Monday), gold prices have remained unchanged since the start of April. Currently, the 24 carat gold (10 grams) is priced at Rs 60,000 while 22 carat gold (10 grams) is at Rs 55,000.
After getting slapped with a $258 billion dollar lawsuit by Dogecoin investors, Elon Musk and Tesla have argued to dismiss the lawsuit in front of a Manhattan Federal court in the United States. Musk's lawyers have called the multi-billion lawsuit a work of fiction and innocuous tweets from Musk do not constitute fraud. In 2022, Keith Johnson, a dogecoin investor, filed a lawsuit against Elon Musk for artificially inflating the price and called the cryptocurrency a 'pyramid scheme'.
Burger chain McDonald's Corp, will temporarily shut down its US offices this week, according to various reports.  The company aims to inform corporate employees about the layoffs that will occur as part of a broader company restructuring.

Oil prices jump nearly 6% after OPEC+ output cuts

Monday 03 April 2023 07:44 AM UTC+00
Oil prices surged on Monday after major producers announced a surprise output cut of more than a million barrels per day. The decision  by OPEC+ cartel fueled fears of another price surge, putting pressure on central banks to raise interest rates.
Despite the Western pressure amid the ongoing Ukraine war, trade between India and Russia has reached a record high in 2022-23. 
India Malaysia trade agreement: Trade between India and Malaysia can now be settled in Indian Rupee (INR) in addition to the current modes of settlement in other currencies. This follows the decision by the Reserve Bank of India in July 2022 to allow the settlement of international trade in the Indian Rupee (INR). 

GST collection in March 2023 rises to over Rs 1.60 lakh crore

Saturday 01 April 2023 02:45 PM UTC+00
GST collection March 2023: Recording a growth, the gross GST revenue in March month rose to Rs 1,60,122 crore as compared with Rs 1,49,577 crore during February this year.
Benchmark Interest Rate: Reserve Bank of India is expected to hike the benchmark interest rate by 25 basis points. Under pressure to bring down retail inflation and keep pace with global peers, the RBI might take this step on April 6. Before coming out with the bi-monthly monetary policy for fiscal 2023-24 on Thursday, the Monetary Policy Committee (MPC) of the Reserve Bank will be meeting for three days on April 3, 5 and 6 to take into account various domestic and global factors.
Saudi Arabia oil production: Saudi Arabia today (April 2) said that it will cut oil production by 5,00,000 barrels per day from May until the end of 2023. The move would likely raise prices at the pump, further straining relations between Riyadh and Washington as the world copes with inflation fuelled in part by the war in Ukraine.
Gold rate today: On April 3 (Monday), gold prices have remained unchanged since the start of April. Currently, the 24 carat gold (10 grams) is priced at Rs 60,000 while 22 carat gold (10 grams) is at Rs 55,000.
After getting slapped with a $258 billion dollar lawsuit by Dogecoin investors, Elon Musk and Tesla have argued to dismiss the lawsuit in front of a Manhattan Federal court in the United States. Musk's lawyers have called the multi-billion lawsuit a work of fiction and innocuous tweets from Musk do not constitute fraud. In 2022, Keith Johnson, a dogecoin investor, filed a lawsuit against Elon Musk for artificially inflating the price and called the cryptocurrency a 'pyramid scheme'.
Burger chain McDonald's Corp, will temporarily shut down its US offices this week, according to various reports.  The company aims to inform corporate employees about the layoffs that will occur as part of a broader company restructuring.

Oil prices jump nearly 6% after OPEC+ output cuts

Monday 03 April 2023 07:44 AM UTC+00
Oil prices surged on Monday after major producers announced a surprise output cut of more than a million barrels per day. The decision  by OPEC+ cartel fueled fears of another price surge, putting pressure on central banks to raise interest rates.
Despite the Western pressure amid the ongoing Ukraine war, trade between India and Russia has reached a record high in 2022-23. 

How cloud computing is helping Indian businesses

Monday 03 April 2023 02:10 PM UTC+00
Globally, C-suite and Senior Leadership have prioritized Cloud adoption in the business. A similar pattern has emerged in Indian businesses. According to NASSCOM, Cloud technology will account for roughly 5%-8% of GDP by 2026 and has the potential to create unprecedented growth in employment opportunities in this shared digital infrastructure space aka Cloud.

GST collection in March 2023 rises to over Rs 1.60 lakh crore

Saturday 01 April 2023 02:45 PM UTC+00
GST collection March 2023: Recording a growth, the gross GST revenue in March month rose to Rs 1,60,122 crore as compared with Rs 1,49,577 crore during February this year.
Benchmark Interest Rate: Reserve Bank of India is expected to hike the benchmark interest rate by 25 basis points. Under pressure to bring down retail inflation and keep pace with global peers, the RBI might take this step on April 6. Before coming out with the bi-monthly monetary policy for fiscal 2023-24 on Thursday, the Monetary Policy Committee (MPC) of the Reserve Bank will be meeting for three days on April 3, 5 and 6 to take into account various domestic and global factors.
Saudi Arabia oil production: Saudi Arabia today (April 2) said that it will cut oil production by 5,00,000 barrels per day from May until the end of 2023. The move would likely raise prices at the pump, further straining relations between Riyadh and Washington as the world copes with inflation fuelled in part by the war in Ukraine.
Gold rate today: On April 3 (Monday), gold prices have remained unchanged since the start of April. Currently, the 24 carat gold (10 grams) is priced at Rs 60,000 while 22 carat gold (10 grams) is at Rs 55,000.
After getting slapped with a $258 billion dollar lawsuit by Dogecoin investors, Elon Musk and Tesla have argued to dismiss the lawsuit in front of a Manhattan Federal court in the United States. Musk's lawyers have called the multi-billion lawsuit a work of fiction and innocuous tweets from Musk do not constitute fraud. In 2022, Keith Johnson, a dogecoin investor, filed a lawsuit against Elon Musk for artificially inflating the price and called the cryptocurrency a 'pyramid scheme'.
Burger chain McDonald's Corp, will temporarily shut down its US offices this week, according to various reports.  The company aims to inform corporate employees about the layoffs that will occur as part of a broader company restructuring.

Oil prices jump nearly 6% after OPEC+ output cuts

Monday 03 April 2023 07:44 AM UTC+00
Oil prices surged on Monday after major producers announced a surprise output cut of more than a million barrels per day. The decision  by OPEC+ cartel fueled fears of another price surge, putting pressure on central banks to raise interest rates.
Despite the Western pressure amid the ongoing Ukraine war, trade between India and Russia has reached a record high in 2022-23. 

How cloud computing is helping Indian businesses

Monday 03 April 2023 02:10 PM UTC+00
Globally, C-suite and Senior Leadership have prioritized Cloud adoption in the business. A similar pattern has emerged in Indian businesses. According to NASSCOM, Cloud technology will account for roughly 5%-8% of GDP by 2026 and has the potential to create unprecedented growth in employment opportunities in this shared digital infrastructure space aka Cloud.
Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India, has completed the acquisition of Karaikal Port Private Limited (KPPL) pursuant to NCLT approval.

GST collection in March 2023 rises to over Rs 1.60 lakh crore

Saturday 01 April 2023 02:45 PM UTC+00
GST collection March 2023: Recording a growth, the gross GST revenue in March month rose to Rs 1,60,122 crore as compared with Rs 1,49,577 crore during February this year.
Benchmark Interest Rate: Reserve Bank of India is expected to hike the benchmark interest rate by 25 basis points. Under pressure to bring down retail inflation and keep pace with global peers, the RBI might take this step on April 6. Before coming out with the bi-monthly monetary policy for fiscal 2023-24 on Thursday, the Monetary Policy Committee (MPC) of the Reserve Bank will be meeting for three days on April 3, 5 and 6 to take into account various domestic and global factors.
Saudi Arabia oil production: Saudi Arabia today (April 2) said that it will cut oil production by 5,00,000 barrels per day from May until the end of 2023. The move would likely raise prices at the pump, further straining relations between Riyadh and Washington as the world copes with inflation fuelled in part by the war in Ukraine.
Gold rate today: On April 3 (Monday), gold prices have remained unchanged since the start of April. Currently, the 24 carat gold (10 grams) is priced at Rs 60,000 while 22 carat gold (10 grams) is at Rs 55,000.
After getting slapped with a $258 billion dollar lawsuit by Dogecoin investors, Elon Musk and Tesla have argued to dismiss the lawsuit in front of a Manhattan Federal court in the United States. Musk's lawyers have called the multi-billion lawsuit a work of fiction and innocuous tweets from Musk do not constitute fraud. In 2022, Keith Johnson, a dogecoin investor, filed a lawsuit against Elon Musk for artificially inflating the price and called the cryptocurrency a 'pyramid scheme'.
Burger chain McDonald's Corp, will temporarily shut down its US offices this week, according to various reports.  The company aims to inform corporate employees about the layoffs that will occur as part of a broader company restructuring.

Oil prices jump nearly 6% after OPEC+ output cuts

Monday 03 April 2023 07:44 AM UTC+00
Oil prices surged on Monday after major producers announced a surprise output cut of more than a million barrels per day. The decision  by OPEC+ cartel fueled fears of another price surge, putting pressure on central banks to raise interest rates.
Despite the Western pressure amid the ongoing Ukraine war, trade between India and Russia has reached a record high in 2022-23. 

How cloud computing is helping Indian businesses

Monday 03 April 2023 02:10 PM UTC+00
Globally, C-suite and Senior Leadership have prioritized Cloud adoption in the business. A similar pattern has emerged in Indian businesses. According to NASSCOM, Cloud technology will account for roughly 5%-8% of GDP by 2026 and has the potential to create unprecedented growth in employment opportunities in this shared digital infrastructure space aka Cloud.
Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility in India, has completed the acquisition of Karaikal Port Private Limited (KPPL) pursuant to NCLT approval.
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