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IndiaTV Business: Google News Feed: Digest for May 17, 2023

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New Delhi: The first ministerial meeting of the India-European Union Trade and Technology Council (TTC) will be held on May 16 in Brussels to discuss ways to increase cooperation in strategic technologies, digital connectivity, clean energy, trade and investments, an official statement said on Sunday.
People will be able to block and track their lost or stolen mobile phones across India with the rollout of a tracking system by the government this week, a senior government official said. Technology development body Centre for Department of Telematics (CDoT) has been running the pilot of the CEIR system in some of the telecom circles, including Delhi, Maharashtra, Karnataka, and North East region, and the system is now ready for pan-India deployment, a DoT official, who did not wish to be identified, told PTI.

FPI bought equity worth Rs 18,617 crore in May

Sunday 14 May 2023 11:13 AM UTC+00
Business news: In the month of May, foreign portfolio investors (FPI) bought equity for Rs 18,617 crore. VK Vijayakumar, the Chief Investment Strategist at Geojit Financial Services said there is a distinct change in the FPI strategy with a clear tilt in favour of India.
Alliance Air: Amid financial headwinds faced by Alliance Air, the government has stepped forward to make an equity infusion of Rs 300 crore. The regional carrier Alliance Air, the earlier part of Air India, is now owned by AI Assets Holding Ltd (AIAHL), a special-purpose vehicle formed by the central government.
Premium specialty chemicals company Vikas Ecotech has declared its financial results for the January-March quarter of FY23. The company has reported an astounding increases in its net profit during the reporting fiscal, driven by higher sales and cut in debts.
New Delhi:  Wholesale inflation rate eased to 34-month low of (-) 0.92 per cent in April on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation has been on a declining trend for 11 months in a row and entered the negative zone in April.
Corporate expense management platform Happay, owned by credit Card bill payment provider CRED, has slashed nearly 35 percent of its workforce as part of a restructuring exercise, the media reported.

THIS SME IPO has doubled investors money on listing

Monday 15 May 2023 09:58 AM UTC+00
Share of Innokaiz India were locked in the lower circuit of 5 per cent on Monday after a stellar debut on BSE SME platform. The shares of the marketing solutions company were off to a fiery start, debuting at Rs 148.20 apiece -- up 90 per cent from the IPO issue price of 78.
Ahead of the first ministerial-level meeting of the India-EU Trade and technology council (TTC), Union Commerce Minister Piyush Goyal attended a crucial conference in Toronto in order to help Indian startups expand in Canada.
PVR INOX, multiplex operator, has announced that it will shut down around 50 loss making cinema screens in the next 6 months.
New Delhi: The first ministerial meeting of the India-European Union Trade and Technology Council (TTC) will be held on May 16 in Brussels to discuss ways to increase cooperation in strategic technologies, digital connectivity, clean energy, trade and investments, an official statement said on Sunday.
People will be able to block and track their lost or stolen mobile phones across India with the rollout of a tracking system by the government this week, a senior government official said. Technology development body Centre for Department of Telematics (CDoT) has been running the pilot of the CEIR system in some of the telecom circles, including Delhi, Maharashtra, Karnataka, and North East region, and the system is now ready for pan-India deployment, a DoT official, who did not wish to be identified, told PTI.

FPI bought equity worth Rs 18,617 crore in May

Sunday 14 May 2023 11:13 AM UTC+00
Business news: In the month of May, foreign portfolio investors (FPI) bought equity for Rs 18,617 crore. VK Vijayakumar, the Chief Investment Strategist at Geojit Financial Services said there is a distinct change in the FPI strategy with a clear tilt in favour of India.
Alliance Air: Amid financial headwinds faced by Alliance Air, the government has stepped forward to make an equity infusion of Rs 300 crore. The regional carrier Alliance Air, the earlier part of Air India, is now owned by AI Assets Holding Ltd (AIAHL), a special-purpose vehicle formed by the central government.
Premium specialty chemicals company Vikas Ecotech has declared its financial results for the January-March quarter of FY23. The company has reported an astounding increases in its net profit during the reporting fiscal, driven by higher sales and cut in debts.
New Delhi:  Wholesale inflation rate eased to 34-month low of (-) 0.92 per cent in April on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation has been on a declining trend for 11 months in a row and entered the negative zone in April.
Corporate expense management platform Happay, owned by credit Card bill payment provider CRED, has slashed nearly 35 percent of its workforce as part of a restructuring exercise, the media reported.

THIS SME IPO has doubled investors money on listing

Monday 15 May 2023 09:58 AM UTC+00
Share of Innokaiz India were locked in the lower circuit of 5 per cent on Monday after a stellar debut on BSE SME platform. The shares of the marketing solutions company were off to a fiery start, debuting at Rs 148.20 apiece -- up 90 per cent from the IPO issue price of 78.
Ahead of the first ministerial-level meeting of the India-EU Trade and technology council (TTC), Union Commerce Minister Piyush Goyal attended a crucial conference in Toronto in order to help Indian startups expand in Canada.
PVR INOX, multiplex operator, has announced that it will shut down around 50 loss making cinema screens in the next 6 months.
Alliance Air: Amid financial headwinds faced by Alliance Air, the government has stepped forward to make an equity infusion of Rs 300 crore. The regional carrier Alliance Air, the earlier part of Air India, is now owned by AI Assets Holding Ltd (AIAHL), a special-purpose vehicle formed by the central government.
Premium specialty chemicals company Vikas Ecotech has declared its financial results for the January-March quarter of FY23. The company has reported an astounding increases in its net profit during the reporting fiscal, driven by higher sales and cut in debts.
New Delhi:  Wholesale inflation rate eased to 34-month low of (-) 0.92 per cent in April on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation has been on a declining trend for 11 months in a row and entered the negative zone in April.
Corporate expense management platform Happay, owned by credit Card bill payment provider CRED, has slashed nearly 35 percent of its workforce as part of a restructuring exercise, the media reported.

THIS SME IPO has doubled investors money on listing

Monday 15 May 2023 09:58 AM UTC+00
Share of Innokaiz India were locked in the lower circuit of 5 per cent on Monday after a stellar debut on BSE SME platform. The shares of the marketing solutions company were off to a fiery start, debuting at Rs 148.20 apiece -- up 90 per cent from the IPO issue price of 78.
Ahead of the first ministerial-level meeting of the India-EU Trade and technology council (TTC), Union Commerce Minister Piyush Goyal attended a crucial conference in Toronto in order to help Indian startups expand in Canada.
PVR INOX, multiplex operator, has announced that it will shut down around 50 loss making cinema screens in the next 6 months.
Mumbai: Benchmark equity indices pared their opening gains and declined in early trade on Tuesday, dragged down by index major HDFC twins. In a volatile trade, the 30-share BSE Sensex declined 146.79 points to 62,198.92 even after beginning the trade on a firm note. The NSE Nifty dipped 32.15 points to 18,366.70.
The world's largest online retailer Amazon has laid off approximately 500 employees across various verticals in India, said sources. This latest round of layoffs is one of many that CEO Andy Jassy announced in March, affecting approximately 9,000 employees.
SBI loan latest news: The 'great Indian dream' of owning a house or a car can only realised with the help of bank loan for a majority of people. Both nationalised and private banks introduce multiple loan offers to lure customers, however, there is one major factor that all of them look into before approving a loan request - your CIBIL score.    
Corporate expense management platform Happay, owned by credit Card bill payment provider CRED, has slashed nearly 35 percent of its workforce as part of a restructuring exercise, the media reported.

THIS SME IPO has doubled investors money on listing

Monday 15 May 2023 09:58 AM UTC+00
Share of Innokaiz India were locked in the lower circuit of 5 per cent on Monday after a stellar debut on BSE SME platform. The shares of the marketing solutions company were off to a fiery start, debuting at Rs 148.20 apiece -- up 90 per cent from the IPO issue price of 78.
Ahead of the first ministerial-level meeting of the India-EU Trade and technology council (TTC), Union Commerce Minister Piyush Goyal attended a crucial conference in Toronto in order to help Indian startups expand in Canada.
PVR INOX, multiplex operator, has announced that it will shut down around 50 loss making cinema screens in the next 6 months.
Mumbai: Benchmark equity indices pared their opening gains and declined in early trade on Tuesday, dragged down by index major HDFC twins. In a volatile trade, the 30-share BSE Sensex declined 146.79 points to 62,198.92 even after beginning the trade on a firm note. The NSE Nifty dipped 32.15 points to 18,366.70.
The world's largest online retailer Amazon has laid off approximately 500 employees across various verticals in India, said sources. This latest round of layoffs is one of many that CEO Andy Jassy announced in March, affecting approximately 9,000 employees.
SBI loan latest news: The 'great Indian dream' of owning a house or a car can only realised with the help of bank loan for a majority of people. Both nationalised and private banks introduce multiple loan offers to lure customers, however, there is one major factor that all of them look into before approving a loan request - your CIBIL score.    
Windfall gains tax: The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF. The government has slashed the Special Additional Excise Duty (SAED) on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) to nil from Rs 4,100 per tonne with effect from Tuesday, an official order dated May 15 said.
Jio-bp on Tuesday announced the launch of its diesel with ACTIVE technology that is set to elevate diesel standards for Indian consumers. The newly launched additives diesel, available across the company's network will yield annual savings of up to INR 1.1 lakh* per vehicle to truckers owing to (upto) 4.3%* improved fuel economy. This new high performance diesel offering will be available at all Jio-bp outlets and will be offered at regular prices with no additional cost for the first time ever in the Indian market.

Vodafone plans to cut 11,000 jobs in next 3 years

Tuesday 16 May 2023 11:16 AM UTC+00
Vodafone has said it will cut around 11,000 jobs over the next three years in order to simplify its headquarters and local markets. 
Mumbai: Benchmark equity indices pared their opening gains and declined in early trade on Tuesday, dragged down by index major HDFC twins. In a volatile trade, the 30-share BSE Sensex declined 146.79 points to 62,198.92 even after beginning the trade on a firm note. The NSE Nifty dipped 32.15 points to 18,366.70.
The world's largest online retailer Amazon has laid off approximately 500 employees across various verticals in India, said sources. This latest round of layoffs is one of many that CEO Andy Jassy announced in March, affecting approximately 9,000 employees.
SBI loan latest news: The 'great Indian dream' of owning a house or a car can only realised with the help of bank loan for a majority of people. Both nationalised and private banks introduce multiple loan offers to lure customers, however, there is one major factor that all of them look into before approving a loan request - your CIBIL score.    
Windfall gains tax: The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF. The government has slashed the Special Additional Excise Duty (SAED) on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) to nil from Rs 4,100 per tonne with effect from Tuesday, an official order dated May 15 said.
Jio-bp on Tuesday announced the launch of its diesel with ACTIVE technology that is set to elevate diesel standards for Indian consumers. The newly launched additives diesel, available across the company's network will yield annual savings of up to INR 1.1 lakh* per vehicle to truckers owing to (upto) 4.3%* improved fuel economy. This new high performance diesel offering will be available at all Jio-bp outlets and will be offered at regular prices with no additional cost for the first time ever in the Indian market.

Vodafone plans to cut 11,000 jobs in next 3 years

Tuesday 16 May 2023 11:16 AM UTC+00
Vodafone has said it will cut around 11,000 jobs over the next three years in order to simplify its headquarters and local markets. 
Senior officials of electric car maker Tesla may visit India this week to meet government officials in a bid to deepen supply chain as the company looks to explore markets beyond China. 
Discussing finances as a family has been misinterpreted for years as sharing of personal data or perceived as inappropriate and awkward. However, a recent survey has revealed that 75 per cent of Indian families are now discussing financial matters, taking the story on a positive spin.
Investing in real estate has evolved as an innovative form of financing over the course of time. One of the most significant advantages of real estate investment is the possibility for secondary revenue.
HDFC Defence Fund: HDFC Asset Management Company Ltd announced the country's first mutual fund focussed on the defence sector on Tuesday. The launch of the HDFC Defence Fund will provide investors with an opportunity to participate in the growth potential of the defence space.
Mumbai: Benchmark equity indices pared their opening gains and declined in early trade on Tuesday, dragged down by index major HDFC twins. In a volatile trade, the 30-share BSE Sensex declined 146.79 points to 62,198.92 even after beginning the trade on a firm note. The NSE Nifty dipped 32.15 points to 18,366.70.
The world's largest online retailer Amazon has laid off approximately 500 employees across various verticals in India, said sources. This latest round of layoffs is one of many that CEO Andy Jassy announced in March, affecting approximately 9,000 employees.
SBI loan latest news: The 'great Indian dream' of owning a house or a car can only realised with the help of bank loan for a majority of people. Both nationalised and private banks introduce multiple loan offers to lure customers, however, there is one major factor that all of them look into before approving a loan request - your CIBIL score.    
Windfall gains tax: The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF. The government has slashed the Special Additional Excise Duty (SAED) on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) to nil from Rs 4,100 per tonne with effect from Tuesday, an official order dated May 15 said.
Jio-bp on Tuesday announced the launch of its diesel with ACTIVE technology that is set to elevate diesel standards for Indian consumers. The newly launched additives diesel, available across the company's network will yield annual savings of up to INR 1.1 lakh* per vehicle to truckers owing to (upto) 4.3%* improved fuel economy. This new high performance diesel offering will be available at all Jio-bp outlets and will be offered at regular prices with no additional cost for the first time ever in the Indian market.

Vodafone plans to cut 11,000 jobs in next 3 years

Tuesday 16 May 2023 11:16 AM UTC+00
Vodafone has said it will cut around 11,000 jobs over the next three years in order to simplify its headquarters and local markets. 
Senior officials of electric car maker Tesla may visit India this week to meet government officials in a bid to deepen supply chain as the company looks to explore markets beyond China. 
Discussing finances as a family has been misinterpreted for years as sharing of personal data or perceived as inappropriate and awkward. However, a recent survey has revealed that 75 per cent of Indian families are now discussing financial matters, taking the story on a positive spin.
Investing in real estate has evolved as an innovative form of financing over the course of time. One of the most significant advantages of real estate investment is the possibility for secondary revenue.
HDFC Defence Fund: HDFC Asset Management Company Ltd announced the country's first mutual fund focussed on the defence sector on Tuesday. The launch of the HDFC Defence Fund will provide investors with an opportunity to participate in the growth potential of the defence space.
Mumbai: Benchmark equity indices pared their opening gains and declined in early trade on Tuesday, dragged down by index major HDFC twins. In a volatile trade, the 30-share BSE Sensex declined 146.79 points to 62,198.92 even after beginning the trade on a firm note. The NSE Nifty dipped 32.15 points to 18,366.70.
The world's largest online retailer Amazon has laid off approximately 500 employees across various verticals in India, said sources. This latest round of layoffs is one of many that CEO Andy Jassy announced in March, affecting approximately 9,000 employees.
SBI loan latest news: The 'great Indian dream' of owning a house or a car can only realised with the help of bank loan for a majority of people. Both nationalised and private banks introduce multiple loan offers to lure customers, however, there is one major factor that all of them look into before approving a loan request - your CIBIL score.    
Windfall gains tax: The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF. The government has slashed the Special Additional Excise Duty (SAED) on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) to nil from Rs 4,100 per tonne with effect from Tuesday, an official order dated May 15 said.
Jio-bp on Tuesday announced the launch of its diesel with ACTIVE technology that is set to elevate diesel standards for Indian consumers. The newly launched additives diesel, available across the company's network will yield annual savings of up to INR 1.1 lakh* per vehicle to truckers owing to (upto) 4.3%* improved fuel economy. This new high performance diesel offering will be available at all Jio-bp outlets and will be offered at regular prices with no additional cost for the first time ever in the Indian market.

Vodafone plans to cut 11,000 jobs in next 3 years

Tuesday 16 May 2023 11:16 AM UTC+00
Vodafone has said it will cut around 11,000 jobs over the next three years in order to simplify its headquarters and local markets. 
Senior officials of electric car maker Tesla may visit India this week to meet government officials in a bid to deepen supply chain as the company looks to explore markets beyond China. 
Discussing finances as a family has been misinterpreted for years as sharing of personal data or perceived as inappropriate and awkward. However, a recent survey has revealed that 75 per cent of Indian families are now discussing financial matters, taking the story on a positive spin.
Investing in real estate has evolved as an innovative form of financing over the course of time. One of the most significant advantages of real estate investment is the possibility for secondary revenue.
HDFC Defence Fund: HDFC Asset Management Company Ltd announced the country's first mutual fund focussed on the defence sector on Tuesday. The launch of the HDFC Defence Fund will provide investors with an opportunity to participate in the growth potential of the defence space.
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