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IndiaTV Business: Google News Feed: Digest for May 20, 2023

IndiaTV Business: Google News Feed

IndiaTV: Business RSS Feed

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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.
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.
The plans to build a new campus of the Walt Disney Co. in Florida and relocate 2,000 employees from Southern California came to a halt on Thursday following attacks from Governor Ron DeSantis and the Legislature because the company opposed a state law that bans classroom lessons on sexual orientation and gender identity in early grades.
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.
The plans to build a new campus of the Walt Disney Co. in Florida and relocate 2,000 employees from Southern California came to a halt on Thursday following attacks from Governor Ron DeSantis and the Legislature because the company opposed a state law that bans classroom lessons on sexual orientation and gender identity in early grades.
Stock market: Equity benchmark indices started the trade on a firm note on Friday amid a positive trend in the global stock markets and foreign fund inflows but later turned volatile. The 30-share BSE Sensex climbed 205.08 points to 61,636.82 in early trade. The NSE Nifty advanced 56.2 points to 18,186.15 in initial deals.
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.
The plans to build a new campus of the Walt Disney Co. in Florida and relocate 2,000 employees from Southern California came to a halt on Thursday following attacks from Governor Ron DeSantis and the Legislature because the company opposed a state law that bans classroom lessons on sexual orientation and gender identity in early grades.
Stock market: Equity benchmark indices started the trade on a firm note on Friday amid a positive trend in the global stock markets and foreign fund inflows but later turned volatile. The 30-share BSE Sensex climbed 205.08 points to 61,636.82 in early trade. The NSE Nifty advanced 56.2 points to 18,186.15 in initial deals.
Adani-Hindenburg row: In a huge relief for Adani Group, an expert committee appointed by the Supreme Court to investigate allegations around the company made by US short-seller Hindenburg Research has found that it was not possible to conclude if there has been regulatory failure on stock price manipulation allegations.
Google has announced it will migrate one percent of Chrome users to Privacy Sandbox and deprecate third-party cookies for them in Q1 2024. The move will support developers in conducting real world experiments that assess the readiness and effectiveness of their products without third-party cookies, said Anthony Chavez, VP, Privacy Sandbox.
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.
The plans to build a new campus of the Walt Disney Co. in Florida and relocate 2,000 employees from Southern California came to a halt on Thursday following attacks from Governor Ron DeSantis and the Legislature because the company opposed a state law that bans classroom lessons on sexual orientation and gender identity in early grades.
Stock market: Equity benchmark indices started the trade on a firm note on Friday amid a positive trend in the global stock markets and foreign fund inflows but later turned volatile. The 30-share BSE Sensex climbed 205.08 points to 61,636.82 in early trade. The NSE Nifty advanced 56.2 points to 18,186.15 in initial deals.
Adani-Hindenburg row: In a huge relief for Adani Group, an expert committee appointed by the Supreme Court to investigate allegations around the company made by US short-seller Hindenburg Research has found that it was not possible to conclude if there has been regulatory failure on stock price manipulation allegations.
Google has announced it will migrate one percent of Chrome users to Privacy Sandbox and deprecate third-party cookies for them in Q1 2024. The move will support developers in conducting real world experiments that assess the readiness and effectiveness of their products without third-party cookies, said Anthony Chavez, VP, Privacy Sandbox.
NSE listed Servotech Power Systems Ltd has announced sub-division of its shares, as per the exchange filing. The meeting of the Board of Directors of the Delhi-based company is scheduled to be held on Thursday, 25th May, 2023. The board will consider and approve the stock split.
Meta (formerly Facebook) is reportedly going to start laying off more employees next week in its third round of job cuts.
Reserve Bank of India (RBI) on Friday said it will withdraw Rs 2000 currency note from circulation. But, the note will continue to be legal tender, it added. Exchange them by September 30, 2023, said RBI.
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.
The plans to build a new campus of the Walt Disney Co. in Florida and relocate 2,000 employees from Southern California came to a halt on Thursday following attacks from Governor Ron DeSantis and the Legislature because the company opposed a state law that bans classroom lessons on sexual orientation and gender identity in early grades.
Stock market: Equity benchmark indices started the trade on a firm note on Friday amid a positive trend in the global stock markets and foreign fund inflows but later turned volatile. The 30-share BSE Sensex climbed 205.08 points to 61,636.82 in early trade. The NSE Nifty advanced 56.2 points to 18,186.15 in initial deals.
Adani-Hindenburg row: In a huge relief for Adani Group, an expert committee appointed by the Supreme Court to investigate allegations around the company made by US short-seller Hindenburg Research has found that it was not possible to conclude if there has been regulatory failure on stock price manipulation allegations.
Google has announced it will migrate one percent of Chrome users to Privacy Sandbox and deprecate third-party cookies for them in Q1 2024. The move will support developers in conducting real world experiments that assess the readiness and effectiveness of their products without third-party cookies, said Anthony Chavez, VP, Privacy Sandbox.
NSE listed Servotech Power Systems Ltd has announced sub-division of its shares, as per the exchange filing. The meeting of the Board of Directors of the Delhi-based company is scheduled to be held on Thursday, 25th May, 2023. The board will consider and approve the stock split.
Meta (formerly Facebook) is reportedly going to start laying off more employees next week in its third round of job cuts.
Reserve Bank of India (RBI) on Friday said it will withdraw Rs 2000 currency note from circulation. But, the note will continue to be legal tender, it added. Exchange them by September 30, 2023, said RBI. The facility for exchange of Rs 2,000 bank notes up to the limit of Rs 20,000 at a time will be provided at the 19 Regional Offices (ROs) of the RBI having issue departments from May 23.

Why RBI is withdrawing Rs 2,000 notes from circulation?

Friday 19 May 2023 04:18 PM UTC+00
Rs 2,000 notes to be withdrawn: The Reserve Bank of India on Friday announced that it will withdraw the circulation of Rs 2,000 currency notes but said that the notes will continue to remain a legal tender. However, there is no need to panic as the RBI has said that citizens can deposit Rs 2,000 notes in banks or exchange them with other currency denominations by September 30, 2023.
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.
The plans to build a new campus of the Walt Disney Co. in Florida and relocate 2,000 employees from Southern California came to a halt on Thursday following attacks from Governor Ron DeSantis and the Legislature because the company opposed a state law that bans classroom lessons on sexual orientation and gender identity in early grades.
Stock market: Equity benchmark indices started the trade on a firm note on Friday amid a positive trend in the global stock markets and foreign fund inflows but later turned volatile. The 30-share BSE Sensex climbed 205.08 points to 61,636.82 in early trade. The NSE Nifty advanced 56.2 points to 18,186.15 in initial deals.
Adani-Hindenburg row: In a huge relief for Adani Group, an expert committee appointed by the Supreme Court to investigate allegations around the company made by US short-seller Hindenburg Research has found that it was not possible to conclude if there has been regulatory failure on stock price manipulation allegations.
Google has announced it will migrate one percent of Chrome users to Privacy Sandbox and deprecate third-party cookies for them in Q1 2024. The move will support developers in conducting real world experiments that assess the readiness and effectiveness of their products without third-party cookies, said Anthony Chavez, VP, Privacy Sandbox.
NSE listed Servotech Power Systems Ltd has announced sub-division of its shares, as per the exchange filing. The meeting of the Board of Directors of the Delhi-based company is scheduled to be held on Thursday, 25th May, 2023. The board will consider and approve the stock split.
Meta (formerly Facebook) is reportedly going to start laying off more employees next week in its third round of job cuts.
Reserve Bank of India (RBI) on Friday said it will withdraw Rs 2000 currency note from circulation. But, the note will continue to be legal tender, it added. Exchange them by September 30, 2023, said RBI. The facility for exchange of Rs 2,000 bank notes up to the limit of Rs 20,000 at a time will be provided at the 19 Regional Offices (ROs) of the RBI having issue departments from May 23.

Why RBI is withdrawing Rs 2,000 notes from circulation?

Friday 19 May 2023 04:18 PM UTC+00
Rs 2,000 notes to be withdrawn: The Reserve Bank of India on Friday announced that it will withdraw the circulation of Rs 2,000 currency notes but said that the notes will continue to remain a legal tender. However, there is no need to panic as the RBI has said that citizens can deposit Rs 2,000 notes in banks or exchange them with other currency denominations by September 30, 2023.
The future of the grounded Jet Airways is still hanging in the air as the validity of the airline's air operator's certificate expires on Friday (April 19). The Air Operator's Certificate (AOC) of the airline was revalidated on May 20 last year for a one-year period and the validity ended on Friday. The flights of the airlines have not flown since April 18, 2019.
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.
The plans to build a new campus of the Walt Disney Co. in Florida and relocate 2,000 employees from Southern California came to a halt on Thursday following attacks from Governor Ron DeSantis and the Legislature because the company opposed a state law that bans classroom lessons on sexual orientation and gender identity in early grades.
Stock market: Equity benchmark indices started the trade on a firm note on Friday amid a positive trend in the global stock markets and foreign fund inflows but later turned volatile. The 30-share BSE Sensex climbed 205.08 points to 61,636.82 in early trade. The NSE Nifty advanced 56.2 points to 18,186.15 in initial deals.
Adani-Hindenburg row: In a huge relief for Adani Group, an expert committee appointed by the Supreme Court to investigate allegations around the company made by US short-seller Hindenburg Research has found that it was not possible to conclude if there has been regulatory failure on stock price manipulation allegations.
Google has announced it will migrate one percent of Chrome users to Privacy Sandbox and deprecate third-party cookies for them in Q1 2024. The move will support developers in conducting real world experiments that assess the readiness and effectiveness of their products without third-party cookies, said Anthony Chavez, VP, Privacy Sandbox.
NSE listed Servotech Power Systems Ltd has announced sub-division of its shares, as per the exchange filing. The meeting of the Board of Directors of the Delhi-based company is scheduled to be held on Thursday, 25th May, 2023. The board will consider and approve the stock split.
Meta (formerly Facebook) is reportedly going to start laying off more employees next week in its third round of job cuts.
Reserve Bank of India (RBI) on Friday said it will withdraw Rs 2000 currency note from circulation. But, the note will continue to be legal tender, it added. Exchange them by September 30, 2023, said RBI. The facility for exchange of Rs 2,000 bank notes up to the limit of Rs 20,000 at a time will be provided at the 19 Regional Offices (ROs) of the RBI having issue departments from May 23.

Why RBI is withdrawing Rs 2,000 notes from circulation?

Friday 19 May 2023 04:18 PM UTC+00
Rs 2,000 notes to be withdrawn: The Reserve Bank of India on Friday announced that it will withdraw the circulation of Rs 2,000 currency notes but said that the notes will continue to remain a legal tender. However, there is no need to panic as the RBI has said that citizens can deposit Rs 2,000 notes in banks or exchange them with other currency denominations by September 30, 2023.
The future of the grounded Jet Airways is still hanging in the air as the validity of the airline's air operator's certificate expires on Friday (April 19). The Air Operator's Certificate (AOC) of the airline was revalidated on May 20 last year for a one-year period and the validity ended on Friday. The flights of the airlines have not flown since April 18, 2019.
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