-->

Ad Unit (Iklan) BIG

Home  ›  Uncategorized

IndiaTV Business: Google News Feed: Digest for May 11, 2023

IndiaTV Business: Google News Feed

IndiaTV: Business RSS Feed

Table of Contents

Servotech Power Systems shares have turned multibagger in the past one year. The Delhi-based company manufactures UPS, inverter and other solar products including EV chargers. The company's total revenue in the financial year 2022-23 has more than doubled.

Biotech firm Twist Bioscience lays off 25% of workforce

Monday 08 May 2023 08:11 AM UTC+00
Twist Bioscience Corporation, a leading biotechnology company, announced on Monday to lay off about 25 percent of its workforce in a bid to accelerate its path to profitability. The company, which enables customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, is all set to wave bid adieu to close to 270 of its employees in the latest round of layoffs.  
The Directorate General of Civil Aviation on Monday ordered Crisis-hit airline Go First to stop selling air  tickets with immediate effect until further instructions.
Mumbai: Equity benchmark BSE Sensex rebounded more than 1 per cent while Nifty reclaimed the 18,200 level on Monday, boosted by heavy buying in banking, financial and auto stocks amid a rally in global stock markets. Besides, continuous foreign fund inflows further bolstered sentiment, traders said. The 30-share BSE Sensex rallied 709.96 points or 1.16 per cent to settle at 61,764.25. During the day, it jumped 799.9 points or 1.31 per cent to 61,854.19.
New Delhi: Tata-owned Air India on Monday (May 8) extended the last date to apply for Voluntary Retirement for its employees till May 31. This is the third such offer by the group after it took control of the airline in January last year.
New Delhi: The government on Monday banned the import of apples if its imported price is less than Rs 50 per Kg. The directorate general of foreign trade (DGFT) said in a notification that the imports are free if the price is above Rs 50 per kg.
The Reserve Bank of India on Monday said it has imposed a penalty of Rs 1.73 crore on HSBC for non-compliance with norms. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the Reserve Bank of India (RBI) said in a statement.
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75.
Chip manufacturer Intel has confirmed that it plans to further cut its workforce to reduce costs while navigating a challenging macro-economic environment, as tech layoffs continue unabated. The company, however, did not reveal how many employees will be impacted by the upcoming layoffs.
Go First crisis: Skies are getting more cloudy for the cash-starved Go First as the aircraft lessors on Tuesday approached the Directorate General of Civil Aviation (DGCA) to deregister 45 planes. DGCA today informed that the airlines have a total strength of 55 planes.
Servotech Power Systems shares have turned multibagger in the past one year. The Delhi-based company manufactures UPS, inverter and other solar products including EV chargers. The company's total revenue in the financial year 2022-23 has more than doubled.

Biotech firm Twist Bioscience lays off 25% of workforce

Monday 08 May 2023 08:11 AM UTC+00
Twist Bioscience Corporation, a leading biotechnology company, announced on Monday to lay off about 25 percent of its workforce in a bid to accelerate its path to profitability. The company, which enables customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, is all set to wave bid adieu to close to 270 of its employees in the latest round of layoffs.  
The Directorate General of Civil Aviation on Monday ordered Crisis-hit airline Go First to stop selling air  tickets with immediate effect until further instructions.
Mumbai: Equity benchmark BSE Sensex rebounded more than 1 per cent while Nifty reclaimed the 18,200 level on Monday, boosted by heavy buying in banking, financial and auto stocks amid a rally in global stock markets. Besides, continuous foreign fund inflows further bolstered sentiment, traders said. The 30-share BSE Sensex rallied 709.96 points or 1.16 per cent to settle at 61,764.25. During the day, it jumped 799.9 points or 1.31 per cent to 61,854.19.
New Delhi: Tata-owned Air India on Monday (May 8) extended the last date to apply for Voluntary Retirement for its employees till May 31. This is the third such offer by the group after it took control of the airline in January last year.
New Delhi: The government on Monday banned the import of apples if its imported price is less than Rs 50 per Kg. The directorate general of foreign trade (DGFT) said in a notification that the imports are free if the price is above Rs 50 per kg.
The Reserve Bank of India on Monday said it has imposed a penalty of Rs 1.73 crore on HSBC for non-compliance with norms. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the Reserve Bank of India (RBI) said in a statement.
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75.
Chip manufacturer Intel has confirmed that it plans to further cut its workforce to reduce costs while navigating a challenging macro-economic environment, as tech layoffs continue unabated. The company, however, did not reveal how many employees will be impacted by the upcoming layoffs.
Go First crisis: Skies are getting more cloudy for the cash-starved Go First as the aircraft lessors on Tuesday approached the Directorate General of Civil Aviation (DGCA) to deregister 45 planes. DGCA today informed that the airlines have a total strength of 55 planes.
Mumbai: Equity benchmark BSE Sensex rebounded more than 1 per cent while Nifty reclaimed the 18,200 level on Monday, boosted by heavy buying in banking, financial and auto stocks amid a rally in global stock markets. Besides, continuous foreign fund inflows further bolstered sentiment, traders said. The 30-share BSE Sensex rallied 709.96 points or 1.16 per cent to settle at 61,764.25. During the day, it jumped 799.9 points or 1.31 per cent to 61,854.19.
New Delhi: Tata-owned Air India on Monday (May 8) extended the last date to apply for Voluntary Retirement for its employees till May 31. This is the third such offer by the group after it took control of the airline in January last year.
New Delhi: The government on Monday banned the import of apples if its imported price is less than Rs 50 per Kg. The directorate general of foreign trade (DGFT) said in a notification that the imports are free if the price is above Rs 50 per kg.
The Reserve Bank of India on Monday said it has imposed a penalty of Rs 1.73 crore on HSBC for non-compliance with norms. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the Reserve Bank of India (RBI) said in a statement.
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75.
Chip manufacturer Intel has confirmed that it plans to further cut its workforce to reduce costs while navigating a challenging macro-economic environment, as tech layoffs continue unabated. The company, however, did not reveal how many employees will be impacted by the upcoming layoffs.
Go First crisis: Skies are getting more cloudy for the cash-starved Go First as the aircraft lessors on Tuesday approached the Directorate General of Civil Aviation (DGCA) to deregister 45 planes. DGCA today informed that the airlines have a total strength of 55 planes.
Balu Forge Industries, a forging and machining company, on Tuesday saw its standalone net profit jump to Rs 11.5 crore for the March quarter, boosted by higher income. For the whole financial year, the Mumbai based company clocked a net profit of Rs 32 crore.
The Department of Telecommunications (DoT) has deactivated more than 2.25 lakh mobile phone numbers in Bihar and Jharkhand in the month of April as majority of the SIM cards were allegedly procured through forged documents.
The NCLT (National Company Law Tribunal) on Wednesday admitted Go First's plea for voluntary insolvency and allowed for the initiation of CIRP (Corporate Insolvency Resolution Process) proceedings. It also granted Go First protection under a moratorium from recovery by lessors, and lenders. Go First, which has been flying for more than 17 years, stopped flights on May 3 amid a financial crunch caused by the grounding of more than half of its fleet due to the non-availability of Pratt & Whitney engines.
New Delhi: The government on Monday banned the import of apples if its imported price is less than Rs 50 per Kg. The directorate general of foreign trade (DGFT) said in a notification that the imports are free if the price is above Rs 50 per kg.
The Reserve Bank of India on Monday said it has imposed a penalty of Rs 1.73 crore on HSBC for non-compliance with norms. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the Reserve Bank of India (RBI) said in a statement.
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75.
Chip manufacturer Intel has confirmed that it plans to further cut its workforce to reduce costs while navigating a challenging macro-economic environment, as tech layoffs continue unabated. The company, however, did not reveal how many employees will be impacted by the upcoming layoffs.
Go First crisis: Skies are getting more cloudy for the cash-starved Go First as the aircraft lessors on Tuesday approached the Directorate General of Civil Aviation (DGCA) to deregister 45 planes. DGCA today informed that the airlines have a total strength of 55 planes.
Balu Forge Industries, a forging and machining company, on Tuesday saw its standalone net profit jump to Rs 11.5 crore for the March quarter, boosted by higher income. For the whole financial year, the Mumbai based company clocked a net profit of Rs 32 crore.
The Department of Telecommunications (DoT) has deactivated more than 2.25 lakh mobile phone numbers in Bihar and Jharkhand in the month of April as majority of the SIM cards were allegedly procured through forged documents.
The NCLT (National Company Law Tribunal) on Wednesday admitted Go First's plea for voluntary insolvency and allowed for the initiation of CIRP (Corporate Insolvency Resolution Process) proceedings. It also granted Go First protection under a moratorium from recovery by lessors, and lenders. Go First, which has been flying for more than 17 years, stopped flights on May 3 amid a financial crunch caused by the grounding of more than half of its fleet due to the non-availability of Pratt & Whitney engines.
The electric vehicle segment is growing at a fast pace with the help of incentives and subsidies being offered by the government for both manufacturers and customers. In its endeavour to push for the greater adoption of EVs and green transportation journey, Mercury Ev-Tech has announced to set up a new R&D facility and also expand battery production through its subsidiary.
New Delhi: The government on Monday banned the import of apples if its imported price is less than Rs 50 per Kg. The directorate general of foreign trade (DGFT) said in a notification that the imports are free if the price is above Rs 50 per kg.
The Reserve Bank of India on Monday said it has imposed a penalty of Rs 1.73 crore on HSBC for non-compliance with norms. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the Reserve Bank of India (RBI) said in a statement.
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75.
Chip manufacturer Intel has confirmed that it plans to further cut its workforce to reduce costs while navigating a challenging macro-economic environment, as tech layoffs continue unabated. The company, however, did not reveal how many employees will be impacted by the upcoming layoffs.
Go First crisis: Skies are getting more cloudy for the cash-starved Go First as the aircraft lessors on Tuesday approached the Directorate General of Civil Aviation (DGCA) to deregister 45 planes. DGCA today informed that the airlines have a total strength of 55 planes.
Balu Forge Industries, a forging and machining company, on Tuesday saw its standalone net profit jump to Rs 11.5 crore for the March quarter, boosted by higher income. For the whole financial year, the Mumbai based company clocked a net profit of Rs 32 crore.
The Department of Telecommunications (DoT) has deactivated more than 2.25 lakh mobile phone numbers in Bihar and Jharkhand in the month of April as majority of the SIM cards were allegedly procured through forged documents.
The NCLT (National Company Law Tribunal) on Wednesday admitted Go First's plea for voluntary insolvency and allowed for the initiation of CIRP (Corporate Insolvency Resolution Process) proceedings. It also granted Go First protection under a moratorium from recovery by lessors, and lenders. Go First, which has been flying for more than 17 years, stopped flights on May 3 amid a financial crunch caused by the grounding of more than half of its fleet due to the non-availability of Pratt & Whitney engines.
The electric vehicle segment is growing at a fast pace with the help of incentives and subsidies being offered by the government for both manufacturers and customers. In its endeavour to push for the greater adoption of EVs and green transportation journey, Mercury Ev-Tech has announced to set up a new R&D facility and also expand battery production through its subsidiary.
New Delhi: The government on Monday banned the import of apples if its imported price is less than Rs 50 per Kg. The directorate general of foreign trade (DGFT) said in a notification that the imports are free if the price is above Rs 50 per kg.
The Reserve Bank of India on Monday said it has imposed a penalty of Rs 1.73 crore on HSBC for non-compliance with norms. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the Reserve Bank of India (RBI) said in a statement.
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75.
Chip manufacturer Intel has confirmed that it plans to further cut its workforce to reduce costs while navigating a challenging macro-economic environment, as tech layoffs continue unabated. The company, however, did not reveal how many employees will be impacted by the upcoming layoffs.
Go First crisis: Skies are getting more cloudy for the cash-starved Go First as the aircraft lessors on Tuesday approached the Directorate General of Civil Aviation (DGCA) to deregister 45 planes. DGCA today informed that the airlines have a total strength of 55 planes.
Balu Forge Industries, a forging and machining company, on Tuesday saw its standalone net profit jump to Rs 11.5 crore for the March quarter, boosted by higher income. For the whole financial year, the Mumbai based company clocked a net profit of Rs 32 crore.
The Department of Telecommunications (DoT) has deactivated more than 2.25 lakh mobile phone numbers in Bihar and Jharkhand in the month of April as majority of the SIM cards were allegedly procured through forged documents.
The NCLT (National Company Law Tribunal) on Wednesday admitted Go First's plea for voluntary insolvency and allowed for the initiation of CIRP (Corporate Insolvency Resolution Process) proceedings. It also granted Go First protection under a moratorium from recovery by lessors, and lenders. Go First, which has been flying for more than 17 years, stopped flights on May 3 amid a financial crunch caused by the grounding of more than half of its fleet due to the non-availability of Pratt & Whitney engines.
The electric vehicle segment is growing at a fast pace with the help of incentives and subsidies being offered by the government for both manufacturers and customers. In its endeavour to push for the greater adoption of EVs and green transportation journey, Mercury Ev-Tech has announced to set up a new R&D facility and also expand battery production through its subsidiary.
New Delhi: The government on Monday banned the import of apples if its imported price is less than Rs 50 per Kg. The directorate general of foreign trade (DGFT) said in a notification that the imports are free if the price is above Rs 50 per kg.
The Reserve Bank of India on Monday said it has imposed a penalty of Rs 1.73 crore on HSBC for non-compliance with norms. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the Reserve Bank of India (RBI) said in a statement.
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75.
Chip manufacturer Intel has confirmed that it plans to further cut its workforce to reduce costs while navigating a challenging macro-economic environment, as tech layoffs continue unabated. The company, however, did not reveal how many employees will be impacted by the upcoming layoffs.
Go First crisis: Skies are getting more cloudy for the cash-starved Go First as the aircraft lessors on Tuesday approached the Directorate General of Civil Aviation (DGCA) to deregister 45 planes. DGCA today informed that the airlines have a total strength of 55 planes.
Balu Forge Industries, a forging and machining company, on Tuesday saw its standalone net profit jump to Rs 11.5 crore for the March quarter, boosted by higher income. For the whole financial year, the Mumbai based company clocked a net profit of Rs 32 crore.
The Department of Telecommunications (DoT) has deactivated more than 2.25 lakh mobile phone numbers in Bihar and Jharkhand in the month of April as majority of the SIM cards were allegedly procured through forged documents.
The NCLT (National Company Law Tribunal) on Wednesday admitted Go First's plea for voluntary insolvency and allowed for the initiation of CIRP (Corporate Insolvency Resolution Process) proceedings. It also granted Go First protection under a moratorium from recovery by lessors, and lenders. Go First, which has been flying for more than 17 years, stopped flights on May 3 amid a financial crunch caused by the grounding of more than half of its fleet due to the non-availability of Pratt & Whitney engines.
The electric vehicle segment is growing at a fast pace with the help of incentives and subsidies being offered by the government for both manufacturers and customers. In its endeavour to push for the greater adoption of EVs and green transportation journey, Mercury Ev-Tech has announced to set up a new R&D facility and also expand battery production through its subsidiary.
You received this email because you set up a subscription at Feedrabbit. This email was sent to you at epaperindia10@gmail.com. Unsubscribe or change your subscription.

Related Posts

There is no other posts in this category.
Subscribe Our Newsletter