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IndiaTV Business: Google News Feed: Digest for April 06, 2023

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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.

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.

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.

Gold prices increase marginally today: Check latest rates

Wednesday 05 April 2023 04:17 AM UTC+00
Gold price today: On April 5 (Wednesday), gold prices have increased marginally. Currently, the 24 carat gold (10 grams) is priced at Rs 60,340 while 22 carat gold (10 grams) is at Rs 55,310. Pure gold and standard gold both increased by Rs 10 in the last 24 hours.
A knockoff of Trump original NFT collection is gaining traction after his historic indictment in 34 charges. There are two NFT collections involving former US President Donald Trump that have gained popularity in the market. The first collection, called Trump Digital Trading Cards, was officially released in December 2021. The second collection, called Trump Criminal Digital Cards, is an unauthorized version of the first that features Trump in various jail cells and wearing different types of prison garb. 
Amazon has claimed that it has eliminated six million counterfeit items from its worldwide supply chain in 2022. The ecommerce company stated it blocked over 800,000 attempts to register new selling accounts in 2022, preventing bad actors from submitting even one product for sale. From 2.5 million attempts in 2021 and 6 million attempts in 2020, the number has declined.
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.

Gold prices increase marginally today: Check latest rates

Wednesday 05 April 2023 04:17 AM UTC+00
Gold price today: On April 5 (Wednesday), gold prices have increased marginally. Currently, the 24 carat gold (10 grams) is priced at Rs 60,340 while 22 carat gold (10 grams) is at Rs 55,310. Pure gold and standard gold both increased by Rs 10 in the last 24 hours.
A knockoff of Trump original NFT collection is gaining traction after his historic indictment in 34 charges. There are two NFT collections involving former US President Donald Trump that have gained popularity in the market. The first collection, called Trump Digital Trading Cards, was officially released in December 2021. The second collection, called Trump Criminal Digital Cards, is an unauthorized version of the first that features Trump in various jail cells and wearing different types of prison garb. 
Amazon has claimed that it has eliminated six million counterfeit items from its worldwide supply chain in 2022. The ecommerce company stated it blocked over 800,000 attempts to register new selling accounts in 2022, preventing bad actors from submitting even one product for sale. From 2.5 million attempts in 2021 and 6 million attempts in 2020, the number has declined.
People who have a Public Provident Fund (PPF) account must make their contribution for the fiscal year 2023–24 by April 5 to get the most out of their investment.
India is squeezing its way into the highly lucrative space market, capitalising on China and Russia's geopolitical isolation to position itself as a reliable alternative to SpaceX.

Joint life insurance: Why should couples consider it?

Wednesday 05 April 2023 10:11 AM UTC+00
Couples often prioritise securing their future together by starting a family, purchasing a home, and planning for retirement. However, one crucial aspect that is sometimes overlooked is insurance. Insurance may seem like an added expense, but it can provide peace of mind and financial security in times  of unexpected events such as illness, accidents, or death. Here is why insurance is a must for couples and how it can protect their assets, income, and loved ones.
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.

Gold prices increase marginally today: Check latest rates

Wednesday 05 April 2023 04:17 AM UTC+00
Gold price today: On April 5 (Wednesday), gold prices have increased marginally. Currently, the 24 carat gold (10 grams) is priced at Rs 60,340 while 22 carat gold (10 grams) is at Rs 55,310. Pure gold and standard gold both increased by Rs 10 in the last 24 hours.
A knockoff of Trump original NFT collection is gaining traction after his historic indictment in 34 charges. There are two NFT collections involving former US President Donald Trump that have gained popularity in the market. The first collection, called Trump Digital Trading Cards, was officially released in December 2021. The second collection, called Trump Criminal Digital Cards, is an unauthorized version of the first that features Trump in various jail cells and wearing different types of prison garb. 
Amazon has claimed that it has eliminated six million counterfeit items from its worldwide supply chain in 2022. The ecommerce company stated it blocked over 800,000 attempts to register new selling accounts in 2022, preventing bad actors from submitting even one product for sale. From 2.5 million attempts in 2021 and 6 million attempts in 2020, the number has declined.
People who have a Public Provident Fund (PPF) account must make their contribution for the fiscal year 2023–24 by April 5 to get the most out of their investment.
India is squeezing its way into the highly lucrative space market, capitalising on China and Russia's geopolitical isolation to position itself as a reliable alternative to SpaceX.

Joint life insurance: Why should couples consider it?

Wednesday 05 April 2023 10:11 AM UTC+00
Couples often prioritise securing their future together by starting a family, purchasing a home, and planning for retirement. However, one crucial aspect that is sometimes overlooked is insurance. Insurance may seem like an added expense, but it can provide peace of mind and financial security in times  of unexpected events such as illness, accidents, or death. Here is why insurance is a must for couples and how it can protect their assets, income, and loved ones.
Reliance Industries Ltd. and its telecom subsidiary Jio Infocomm have recently secured a total of $5 billion in foreign currency loans, marking the largest syndicated loan in India's corporate history.
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.

Gold prices increase marginally today: Check latest rates

Wednesday 05 April 2023 04:17 AM UTC+00
Gold price today: On April 5 (Wednesday), gold prices have increased marginally. Currently, the 24 carat gold (10 grams) is priced at Rs 60,340 while 22 carat gold (10 grams) is at Rs 55,310. Pure gold and standard gold both increased by Rs 10 in the last 24 hours.
A knockoff of Trump original NFT collection is gaining traction after his historic indictment in 34 charges. There are two NFT collections involving former US President Donald Trump that have gained popularity in the market. The first collection, called Trump Digital Trading Cards, was officially released in December 2021. The second collection, called Trump Criminal Digital Cards, is an unauthorized version of the first that features Trump in various jail cells and wearing different types of prison garb. 
Amazon has claimed that it has eliminated six million counterfeit items from its worldwide supply chain in 2022. The ecommerce company stated it blocked over 800,000 attempts to register new selling accounts in 2022, preventing bad actors from submitting even one product for sale. From 2.5 million attempts in 2021 and 6 million attempts in 2020, the number has declined.
People who have a Public Provident Fund (PPF) account must make their contribution for the fiscal year 2023–24 by April 5 to get the most out of their investment.
India is squeezing its way into the highly lucrative space market, capitalising on China and Russia's geopolitical isolation to position itself as a reliable alternative to SpaceX.

Joint life insurance: Why should couples consider it?

Wednesday 05 April 2023 10:11 AM UTC+00
Couples often prioritise securing their future together by starting a family, purchasing a home, and planning for retirement. However, one crucial aspect that is sometimes overlooked is insurance. Insurance may seem like an added expense, but it can provide peace of mind and financial security in times  of unexpected events such as illness, accidents, or death. Here is why insurance is a must for couples and how it can protect their assets, income, and loved ones.
Reliance Industries Ltd. and its telecom subsidiary Jio Infocomm have recently secured a total of $5 billion in foreign currency loans, marking the largest syndicated loan in India's corporate history.
A lawsuit was filed against Twitter on Tuesday, alleging that the social media giant illegally terminated contract workers without prior notice following its acquisition by Elon Musk last year. This legal action is the latest consequence of the company's substantial job layoffs.
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.

Gold prices increase marginally today: Check latest rates

Wednesday 05 April 2023 04:17 AM UTC+00
Gold price today: On April 5 (Wednesday), gold prices have increased marginally. Currently, the 24 carat gold (10 grams) is priced at Rs 60,340 while 22 carat gold (10 grams) is at Rs 55,310. Pure gold and standard gold both increased by Rs 10 in the last 24 hours.
A knockoff of Trump original NFT collection is gaining traction after his historic indictment in 34 charges. There are two NFT collections involving former US President Donald Trump that have gained popularity in the market. The first collection, called Trump Digital Trading Cards, was officially released in December 2021. The second collection, called Trump Criminal Digital Cards, is an unauthorized version of the first that features Trump in various jail cells and wearing different types of prison garb. 
Amazon has claimed that it has eliminated six million counterfeit items from its worldwide supply chain in 2022. The ecommerce company stated it blocked over 800,000 attempts to register new selling accounts in 2022, preventing bad actors from submitting even one product for sale. From 2.5 million attempts in 2021 and 6 million attempts in 2020, the number has declined.
People who have a Public Provident Fund (PPF) account must make their contribution for the fiscal year 2023–24 by April 5 to get the most out of their investment.
India is squeezing its way into the highly lucrative space market, capitalising on China and Russia's geopolitical isolation to position itself as a reliable alternative to SpaceX.

Joint life insurance: Why should couples consider it?

Wednesday 05 April 2023 10:11 AM UTC+00
Couples often prioritise securing their future together by starting a family, purchasing a home, and planning for retirement. However, one crucial aspect that is sometimes overlooked is insurance. Insurance may seem like an added expense, but it can provide peace of mind and financial security in times  of unexpected events such as illness, accidents, or death. Here is why insurance is a must for couples and how it can protect their assets, income, and loved ones.
Reliance Industries Ltd. and its telecom subsidiary Jio Infocomm have recently secured a total of $5 billion in foreign currency loans, marking the largest syndicated loan in India's corporate history.
A lawsuit was filed against Twitter on Tuesday, alleging that the social media giant illegally terminated contract workers without prior notice following its acquisition by Elon Musk last year. This legal action is the latest consequence of the company's substantial job layoffs.
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