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IndiaTV Business: Google News Feed: Digest for April 05, 2023

IndiaTV Business: Google News Feed

IndiaTV: Business RSS Feed

Table of Contents

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.
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.
Dogecoin: Twitter has replaced its iconic bird logo with a Dogecoin symbol, Shibu, on its website, which has generated buzz and excitement among Dogecoin fans. Dogecoin (DOGE) surged more than 35% after the change was made on the website. 
On April 4 (Tuesday), gold prices have dropped and 24 carat gold has come below Rs 60,000. Currently, the 24 carat gold (10 grams) is priced at Rs 59,670 while 22 carat gold (10 grams) is at Rs 54,700. Pure gold has dropped by Rs 330 and standard gold has dropped by Rs 300.
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.
Dogecoin: Twitter has replaced its iconic bird logo with a Dogecoin symbol, Shibu, on its website, which has generated buzz and excitement among Dogecoin fans. Dogecoin (DOGE) surged more than 35% after the change was made on the website. 
On April 4 (Tuesday), gold prices have dropped and 24 carat gold has come below Rs 60,000. Currently, the 24 carat gold (10 grams) is priced at Rs 59,670 while 22 carat gold (10 grams) is at Rs 54,700. Pure gold has dropped by Rs 330 and standard gold has dropped by Rs 300.
For the fiscal year 2022–23, the government collected Rs 16.61 lakh crore in direct taxes, according to data from the Finance Ministry. This amount is 17.6 percent more than what was collected for the previous fiscal.  Additionally, it has slightly surpassed the revised estimate of Rs 16.5 lakh crore, as mentioned in the 2023-24 Union Budget, by 0.7%.
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.
Dogecoin: Twitter has replaced its iconic bird logo with a Dogecoin symbol, Shibu, on its website, which has generated buzz and excitement among Dogecoin fans. Dogecoin (DOGE) surged more than 35% after the change was made on the website. 
On April 4 (Tuesday), gold prices have dropped and 24 carat gold has come below Rs 60,000. Currently, the 24 carat gold (10 grams) is priced at Rs 59,670 while 22 carat gold (10 grams) is at Rs 54,700. Pure gold has dropped by Rs 330 and standard gold has dropped by Rs 300.
For the fiscal year 2022–23, the government collected Rs 16.61 lakh crore in direct taxes, according to data from the Finance Ministry. This amount is 17.6 percent more than what was collected for the previous fiscal.  Additionally, it has slightly surpassed the revised estimate of Rs 16.5 lakh crore, as mentioned in the 2023-24 Union Budget, by 0.7%.
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.
Dogecoin: Twitter has replaced its iconic bird logo with a Dogecoin symbol, Shibu, on its website, which has generated buzz and excitement among Dogecoin fans. Dogecoin (DOGE) surged more than 35% after the change was made on the website. 
On April 4 (Tuesday), gold prices have dropped and 24 carat gold has come below Rs 60,000. Currently, the 24 carat gold (10 grams) is priced at Rs 59,670 while 22 carat gold (10 grams) is at Rs 54,700. Pure gold has dropped by Rs 330 and standard gold has dropped by Rs 300.
For the fiscal year 2022–23, the government collected Rs 16.61 lakh crore in direct taxes, according to data from the Finance Ministry. This amount is 17.6 percent more than what was collected for the previous fiscal.  Additionally, it has slightly surpassed the revised estimate of Rs 16.5 lakh crore, as mentioned in the 2023-24 Union Budget, by 0.7%.
Indian economy: The World Bank and the Asian Development Bank on Tuesday projected moderation in Indian economic growth between 6.3 per cent and 6.4 per cent due to a slowdown in consumption and challenging external conditions.
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.
Dogecoin: Twitter has replaced its iconic bird logo with a Dogecoin symbol, Shibu, on its website, which has generated buzz and excitement among Dogecoin fans. Dogecoin (DOGE) surged more than 35% after the change was made on the website. 
On April 4 (Tuesday), gold prices have dropped and 24 carat gold has come below Rs 60,000. Currently, the 24 carat gold (10 grams) is priced at Rs 59,670 while 22 carat gold (10 grams) is at Rs 54,700. Pure gold has dropped by Rs 330 and standard gold has dropped by Rs 300.
For the fiscal year 2022–23, the government collected Rs 16.61 lakh crore in direct taxes, according to data from the Finance Ministry. This amount is 17.6 percent more than what was collected for the previous fiscal.  Additionally, it has slightly surpassed the revised estimate of Rs 16.5 lakh crore, as mentioned in the 2023-24 Union Budget, by 0.7%.
Indian economy: The World Bank and the Asian Development Bank on Tuesday projected moderation in Indian economic growth between 6.3 per cent and 6.4 per cent due to a slowdown in consumption and challenging external conditions.
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