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IndiaTV Business: Google News Feed: Digest for May 19, 2023

IndiaTV Business: Google News Feed

IndiaTV: Business RSS Feed

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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.
Market benchmark indices declined in early trade on Wednesday, extending their previous day's fall, dragged down by IT counters and a weak trend in the US equities. The 30-share BSE Sensex fell 100.87 points to 61,831.60 after a flat start to the trade. The NSE Nifty dipped 29.1 points to 18,257.40.
Srichand Parmanand Hinduja death: The chairman of Hinduja Group, Srichand Parmanand Hinduja (87) breathed his last on Wednesday in London. He was the eldest of the four Hinduja brothers and was unwell for some time. 

Go First Airlines cancels all flights till May 26 | DETAILS

Wednesday 17 May 2023 03:52 PM UTC+00
Go First news UPDATE: Go First Airlines has cancelled all its flights till May 26, citing operational reasons. Earlier, the airlines had cancelled flights till May 19.
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.
Market benchmark indices declined in early trade on Wednesday, extending their previous day's fall, dragged down by IT counters and a weak trend in the US equities. The 30-share BSE Sensex fell 100.87 points to 61,831.60 after a flat start to the trade. The NSE Nifty dipped 29.1 points to 18,257.40.
Srichand Parmanand Hinduja death: The chairman of Hinduja Group, Srichand Parmanand Hinduja (87) breathed his last on Wednesday in London. He was the eldest of the four Hinduja brothers and was unwell for some time. 

Go First Airlines cancels all flights till May 26 | DETAILS

Wednesday 17 May 2023 03:52 PM UTC+00
Go First news UPDATE: Go First Airlines has cancelled all its flights till May 26, citing operational reasons. Earlier, the airlines had cancelled flights till May 19.
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.
Market benchmark indices declined in early trade on Wednesday, extending their previous day's fall, dragged down by IT counters and a weak trend in the US equities. The 30-share BSE Sensex fell 100.87 points to 61,831.60 after a flat start to the trade. The NSE Nifty dipped 29.1 points to 18,257.40.
Srichand Parmanand Hinduja death: The chairman of Hinduja Group, Srichand Parmanand Hinduja (87) breathed his last on Wednesday in London. He was the eldest of the four Hinduja brothers and was unwell for some time. 

Go First Airlines cancels all flights till May 26 | DETAILS

Wednesday 17 May 2023 03:52 PM UTC+00
Go First news UPDATE: Go First Airlines has cancelled all its flights till May 26, citing operational reasons. Earlier, the airlines had cancelled flights till May 19.
Mumbai: Amazon's cloud computing unit, Amazon Web Services (AWS) on Thursday (May 18) announced its plans to invest Rs 1,05,600 crore (USD 12.7 billion) into cloud infrastructure in India by 2030. The aim is to meet growing customer demand for cloud services in the country. According to AWS, this investment in data center infrastructure is expected to support an average of 131,700 full-time equivalent (FTE) jobs annually in Indian businesses.

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.
Market benchmark indices declined in early trade on Wednesday, extending their previous day's fall, dragged down by IT counters and a weak trend in the US equities. The 30-share BSE Sensex fell 100.87 points to 61,831.60 after a flat start to the trade. The NSE Nifty dipped 29.1 points to 18,257.40.
Srichand Parmanand Hinduja death: The chairman of Hinduja Group, Srichand Parmanand Hinduja (87) breathed his last on Wednesday in London. He was the eldest of the four Hinduja brothers and was unwell for some time. 

Go First Airlines cancels all flights till May 26 | DETAILS

Wednesday 17 May 2023 03:52 PM UTC+00
Go First news UPDATE: Go First Airlines has cancelled all its flights till May 26, citing operational reasons. Earlier, the airlines had cancelled flights till May 19.
Mumbai: Amazon's cloud computing unit, Amazon Web Services (AWS) on Thursday (May 18) announced its plans to invest Rs 1,05,600 crore (USD 12.7 billion) into cloud infrastructure in India by 2030. The aim is to meet growing customer demand for cloud services in the country. According to AWS, this investment in data center infrastructure is expected to support an average of 131,700 full-time equivalent (FTE) jobs annually in Indian businesses.
Stock market: Equity benchmark indices climbed in early trade on Thursday, bouncing back from a two-day fall, amid a rally in the global stock markets and continuous foreign fund inflows. The 30-share BSE Sensex climbed 395.26 points to 61,955.90 in early trade. The NSE Nifty jumped 115.45 points to 18,297.20.

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.
Market benchmark indices declined in early trade on Wednesday, extending their previous day's fall, dragged down by IT counters and a weak trend in the US equities. The 30-share BSE Sensex fell 100.87 points to 61,831.60 after a flat start to the trade. The NSE Nifty dipped 29.1 points to 18,257.40.
Srichand Parmanand Hinduja death: The chairman of Hinduja Group, Srichand Parmanand Hinduja (87) breathed his last on Wednesday in London. He was the eldest of the four Hinduja brothers and was unwell for some time. 

Go First Airlines cancels all flights till May 26 | DETAILS

Wednesday 17 May 2023 03:52 PM UTC+00
Go First news UPDATE: Go First Airlines has cancelled all its flights till May 26, citing operational reasons. Earlier, the airlines had cancelled flights till May 19.
Mumbai: Amazon's cloud computing unit, Amazon Web Services (AWS) on Thursday (May 18) announced its plans to invest Rs 1,05,600 crore (USD 12.7 billion) into cloud infrastructure in India by 2030. The aim is to meet growing customer demand for cloud services in the country. According to AWS, this investment in data center infrastructure is expected to support an average of 131,700 full-time equivalent (FTE) jobs annually in Indian businesses.
Stock market: Equity benchmark indices climbed in early trade on Thursday, bouncing back from a two-day fall, amid a rally in the global stock markets and continuous foreign fund inflows. The 30-share BSE Sensex climbed 395.26 points to 61,955.90 in early trade. The NSE Nifty jumped 115.45 points to 18,297.20.
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.
Market benchmark indices declined in early trade on Wednesday, extending their previous day's fall, dragged down by IT counters and a weak trend in the US equities. The 30-share BSE Sensex fell 100.87 points to 61,831.60 after a flat start to the trade. The NSE Nifty dipped 29.1 points to 18,257.40.
Srichand Parmanand Hinduja death: The chairman of Hinduja Group, Srichand Parmanand Hinduja (87) breathed his last on Wednesday in London. He was the eldest of the four Hinduja brothers and was unwell for some time. 

Go First Airlines cancels all flights till May 26 | DETAILS

Wednesday 17 May 2023 03:52 PM UTC+00
Go First news UPDATE: Go First Airlines has cancelled all its flights till May 26, citing operational reasons. Earlier, the airlines had cancelled flights till May 19.
Mumbai: Amazon's cloud computing unit, Amazon Web Services (AWS) on Thursday (May 18) announced its plans to invest Rs 1,05,600 crore (USD 12.7 billion) into cloud infrastructure in India by 2030. The aim is to meet growing customer demand for cloud services in the country. According to AWS, this investment in data center infrastructure is expected to support an average of 131,700 full-time equivalent (FTE) jobs annually in Indian businesses.
Stock market: Equity benchmark indices climbed in early trade on Thursday, bouncing back from a two-day fall, amid a rally in the global stock markets and continuous foreign fund inflows. The 30-share BSE Sensex climbed 395.26 points to 61,955.90 in early trade. The NSE Nifty jumped 115.45 points to 18,297.20.
Go First Crisis: Union Civil Aviation Minister Jyotiraditya Scindia while speaking on the Go First insolvency matter said that the airline has to submit their plan to DGCA about the number of planes and routes following which the aviation watchdog will decide on how to take it forward.
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.
Market benchmark indices declined in early trade on Wednesday, extending their previous day's fall, dragged down by IT counters and a weak trend in the US equities. The 30-share BSE Sensex fell 100.87 points to 61,831.60 after a flat start to the trade. The NSE Nifty dipped 29.1 points to 18,257.40.
Srichand Parmanand Hinduja death: The chairman of Hinduja Group, Srichand Parmanand Hinduja (87) breathed his last on Wednesday in London. He was the eldest of the four Hinduja brothers and was unwell for some time. 

Go First Airlines cancels all flights till May 26 | DETAILS

Wednesday 17 May 2023 03:52 PM UTC+00
Go First news UPDATE: Go First Airlines has cancelled all its flights till May 26, citing operational reasons. Earlier, the airlines had cancelled flights till May 19.
Mumbai: Amazon's cloud computing unit, Amazon Web Services (AWS) on Thursday (May 18) announced its plans to invest Rs 1,05,600 crore (USD 12.7 billion) into cloud infrastructure in India by 2030. The aim is to meet growing customer demand for cloud services in the country. According to AWS, this investment in data center infrastructure is expected to support an average of 131,700 full-time equivalent (FTE) jobs annually in Indian businesses.
Stock market: Equity benchmark indices climbed in early trade on Thursday, bouncing back from a two-day fall, amid a rally in the global stock markets and continuous foreign fund inflows. The 30-share BSE Sensex climbed 395.26 points to 61,955.90 in early trade. The NSE Nifty jumped 115.45 points to 18,297.20.
Go First Crisis: Union Civil Aviation Minister Jyotiraditya Scindia while speaking on the Go First insolvency matter said that the airline has to submit their plan to DGCA about the number of planes and routes following which the aviation watchdog will decide on how to take it forward.
Nearly a year after Russian gas supplier giant Gazprom halted supplies to India due to the ongoing war, it has resumed supplying Liquefied Natural Gas (LNG) to Indian state gas utility GAIL. According to GAIL chairman Sandeep Kumar Gupta, the resumption of supplies, which came to a halt in June last year, has shored up gas availability in the country.
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.
Market benchmark indices declined in early trade on Wednesday, extending their previous day's fall, dragged down by IT counters and a weak trend in the US equities. The 30-share BSE Sensex fell 100.87 points to 61,831.60 after a flat start to the trade. The NSE Nifty dipped 29.1 points to 18,257.40.
Srichand Parmanand Hinduja death: The chairman of Hinduja Group, Srichand Parmanand Hinduja (87) breathed his last on Wednesday in London. He was the eldest of the four Hinduja brothers and was unwell for some time. 

Go First Airlines cancels all flights till May 26 | DETAILS

Wednesday 17 May 2023 03:52 PM UTC+00
Go First news UPDATE: Go First Airlines has cancelled all its flights till May 26, citing operational reasons. Earlier, the airlines had cancelled flights till May 19.
Mumbai: Amazon's cloud computing unit, Amazon Web Services (AWS) on Thursday (May 18) announced its plans to invest Rs 1,05,600 crore (USD 12.7 billion) into cloud infrastructure in India by 2030. The aim is to meet growing customer demand for cloud services in the country. According to AWS, this investment in data center infrastructure is expected to support an average of 131,700 full-time equivalent (FTE) jobs annually in Indian businesses.
Stock market: Equity benchmark indices climbed in early trade on Thursday, bouncing back from a two-day fall, amid a rally in the global stock markets and continuous foreign fund inflows. The 30-share BSE Sensex climbed 395.26 points to 61,955.90 in early trade. The NSE Nifty jumped 115.45 points to 18,297.20.
Go First Crisis: Union Civil Aviation Minister Jyotiraditya Scindia while speaking on the Go First insolvency matter said that the airline has to submit their plan to DGCA about the number of planes and routes following which the aviation watchdog will decide on how to take it forward.
Nearly a year after Russian gas supplier giant Gazprom halted supplies to India due to the ongoing war, it has resumed supplying Liquefied Natural Gas (LNG) to Indian state gas utility GAIL. According to GAIL chairman Sandeep Kumar Gupta, the resumption of supplies, which came to a halt in June last year, has shored up gas availability in the country.
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