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IndiaTV Business: Google News Feed: Digest for May 03, 2023

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Business news: Property prices in Uttar Pradesh's Noida are going to get costlier in the days to come. During the board meeting of Noida Authority held on April 23, the allotment rates for residential plots, group housing and institutional plots have been increased by six to 10 per cent.
India this month has become Europe's largest supplier of refined fuels while simultaneously buying record Russian crude oil, as per the data from analytics firm Kpler. In addition to this, Europe's reliance on India for crude oil products has increased since the ban on Russian oil. Kpler's data asserted that Europe's refined fuel imports from India are set to surge above 360,000 barrels a day. 
Capital markets regulator SEBI has not concluded any wrongdoing in its application to the country's top court, seeking six more months to complete a probe into allegations against Adani Group, the conglomerate run by billionaire Gautam Adani said.
The oil marketing companies have revised the prices of commercial LPG gas cylinders. As per the sources, the rate of 19 KG commercial LPG gas cylinders has been slashed by RS 171.50. This will be effective from today. With this, the Delhi retail sales price of 19kg commercial LPG cylinder is Rs 1856.50 from Monday (May 01, 2023). However, no changes have been made to the domestic cylinder price slab. 
Maharashtra Day: On account of Maharashtra Day, all major financial markets including the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), currency and debt markets will remain closed on Monday. As per the latest updates, normal trading activities will resume Tuesday.

Another US bank fails, set to be acquired by THIS group

Monday 01 May 2023 10:55 AM UTC+00
Regulators seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the US.
New Delhi:  The gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore. It is the highest monthly mop-up since the rollout of the indirect tax regime in July 2017, the Ministry of Finance said in a statement. The previous high collection of Rs 1.68 lakh crore was in April last year.
New Delhi: India's exports to the UAE are expected to rise by about 60 per cent to reach USD 50 billion by 2026-27 from USD 31.3 billion at present on the back of the free trade agreement between the countries, a top government official said on Monday. Commerce Secretary Sunil Barthwal said that trade between India and the UAE has grown significantly after the implementation of the trade agreement on May 1 last year.
New Delhi: Capital markets regulator Sebi has slapped a fine of Rs 10 lakh on brokerage firm Angel Broking Ltd for alleged violation of regulatory norms. Angel Broking Ltd (now known as Angel One Ltd) is a Sebi-registered stock and commodity broker. The firm is listed on both the bourses -- BSE and NSE.
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, today announced financial results for the quarter and financial year ending 31 March 2023. The sale of energy has increased by 58% YoY to 14,880 mn units in FY23 primarily backed by strong capacity addition, analytics-driven O&M enabling high plant availability and deployment of the latest renewable technologies.
Capital markets regulator SEBI has not concluded any wrongdoing in its application to the country's top court, seeking six more months to complete a probe into allegations against Adani Group, the conglomerate run by billionaire Gautam Adani said.
The oil marketing companies have revised the prices of commercial LPG gas cylinders. As per the sources, the rate of 19 KG commercial LPG gas cylinders has been slashed by RS 171.50. This will be effective from today. With this, the Delhi retail sales price of 19kg commercial LPG cylinder is Rs 1856.50 from Monday (May 01, 2023). However, no changes have been made to the domestic cylinder price slab. 
Maharashtra Day: On account of Maharashtra Day, all major financial markets including the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), currency and debt markets will remain closed on Monday. As per the latest updates, normal trading activities will resume Tuesday.

Another US bank fails, set to be acquired by THIS group

Monday 01 May 2023 10:55 AM UTC+00
Regulators seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the US.
New Delhi:  The gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore. It is the highest monthly mop-up since the rollout of the indirect tax regime in July 2017, the Ministry of Finance said in a statement. The previous high collection of Rs 1.68 lakh crore was in April last year.
New Delhi: India's exports to the UAE are expected to rise by about 60 per cent to reach USD 50 billion by 2026-27 from USD 31.3 billion at present on the back of the free trade agreement between the countries, a top government official said on Monday. Commerce Secretary Sunil Barthwal said that trade between India and the UAE has grown significantly after the implementation of the trade agreement on May 1 last year.
New Delhi: Capital markets regulator Sebi has slapped a fine of Rs 10 lakh on brokerage firm Angel Broking Ltd for alleged violation of regulatory norms. Angel Broking Ltd (now known as Angel One Ltd) is a Sebi-registered stock and commodity broker. The firm is listed on both the bourses -- BSE and NSE.
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, today announced financial results for the quarter and financial year ending 31 March 2023. The sale of energy has increased by 58% YoY to 14,880 mn units in FY23 primarily backed by strong capacity addition, analytics-driven O&M enabling high plant availability and deployment of the latest renewable technologies.
Apollo Micro Systems shares on Tuesday locked in the upper circuit of 5 per cent ahead of the sub-division of equity shares. The company has announced to split its shares in the ratio of 10:1, meaning each share will be sub-divided into 10 shares.
International Monetary Fund: The Washington-based fund on Tuesday raised its forecast for dynamic Asia-Pacific claiming a 4.6 per cent growth this year from that of 3.8 per cent recorded in 2022. The International Monetary Fund in its Regional Economic Outlook stated that India and China will play a prominent role in driving global growth. In addition to this, the Asia-Pacific region is projected to contribute around 70 per cent of global growth.
The oil marketing companies have revised the prices of commercial LPG gas cylinders. As per the sources, the rate of 19 KG commercial LPG gas cylinders has been slashed by RS 171.50. This will be effective from today. With this, the Delhi retail sales price of 19kg commercial LPG cylinder is Rs 1856.50 from Monday (May 01, 2023). However, no changes have been made to the domestic cylinder price slab. 
Maharashtra Day: On account of Maharashtra Day, all major financial markets including the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), currency and debt markets will remain closed on Monday. As per the latest updates, normal trading activities will resume Tuesday.

Another US bank fails, set to be acquired by THIS group

Monday 01 May 2023 10:55 AM UTC+00
Regulators seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the US.
New Delhi:  The gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore. It is the highest monthly mop-up since the rollout of the indirect tax regime in July 2017, the Ministry of Finance said in a statement. The previous high collection of Rs 1.68 lakh crore was in April last year.
New Delhi: India's exports to the UAE are expected to rise by about 60 per cent to reach USD 50 billion by 2026-27 from USD 31.3 billion at present on the back of the free trade agreement between the countries, a top government official said on Monday. Commerce Secretary Sunil Barthwal said that trade between India and the UAE has grown significantly after the implementation of the trade agreement on May 1 last year.
New Delhi: Capital markets regulator Sebi has slapped a fine of Rs 10 lakh on brokerage firm Angel Broking Ltd for alleged violation of regulatory norms. Angel Broking Ltd (now known as Angel One Ltd) is a Sebi-registered stock and commodity broker. The firm is listed on both the bourses -- BSE and NSE.
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, today announced financial results for the quarter and financial year ending 31 March 2023. The sale of energy has increased by 58% YoY to 14,880 mn units in FY23 primarily backed by strong capacity addition, analytics-driven O&M enabling high plant availability and deployment of the latest renewable technologies.
Apollo Micro Systems shares on Tuesday locked in the upper circuit of 5 per cent ahead of the sub-division of equity shares. The company has announced to split its shares in the ratio of 10:1, meaning each share will be sub-divided into 10 shares.
International Monetary Fund: The Washington-based fund on Tuesday raised its forecast for dynamic Asia-Pacific claiming a 4.6 per cent growth this year from that of 3.8 per cent recorded in 2022. The International Monetary Fund in its Regional Economic Outlook stated that India and China will play a prominent role in driving global growth. In addition to this, the Asia-Pacific region is projected to contribute around 70 per cent of global growth. 
Around 39% of families have encountered financial fraud over the past three years and just 24% of them got their funds back, a survey conducted by LocalCircles said on Tuesday, as reported by news agency PTI.
The oil marketing companies have revised the prices of commercial LPG gas cylinders. As per the sources, the rate of 19 KG commercial LPG gas cylinders has been slashed by RS 171.50. This will be effective from today. With this, the Delhi retail sales price of 19kg commercial LPG cylinder is Rs 1856.50 from Monday (May 01, 2023). However, no changes have been made to the domestic cylinder price slab. 
Maharashtra Day: On account of Maharashtra Day, all major financial markets including the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), currency and debt markets will remain closed on Monday. As per the latest updates, normal trading activities will resume Tuesday.

Another US bank fails, set to be acquired by THIS group

Monday 01 May 2023 10:55 AM UTC+00
Regulators seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the US.
New Delhi:  The gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore. It is the highest monthly mop-up since the rollout of the indirect tax regime in July 2017, the Ministry of Finance said in a statement. The previous high collection of Rs 1.68 lakh crore was in April last year.
New Delhi: India's exports to the UAE are expected to rise by about 60 per cent to reach USD 50 billion by 2026-27 from USD 31.3 billion at present on the back of the free trade agreement between the countries, a top government official said on Monday. Commerce Secretary Sunil Barthwal said that trade between India and the UAE has grown significantly after the implementation of the trade agreement on May 1 last year.
New Delhi: Capital markets regulator Sebi has slapped a fine of Rs 10 lakh on brokerage firm Angel Broking Ltd for alleged violation of regulatory norms. Angel Broking Ltd (now known as Angel One Ltd) is a Sebi-registered stock and commodity broker. The firm is listed on both the bourses -- BSE and NSE.
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, today announced financial results for the quarter and financial year ending 31 March 2023. The sale of energy has increased by 58% YoY to 14,880 mn units in FY23 primarily backed by strong capacity addition, analytics-driven O&M enabling high plant availability and deployment of the latest renewable technologies.
Apollo Micro Systems shares on Tuesday locked in the upper circuit of 5 per cent ahead of the sub-division of equity shares. The company has announced to split its shares in the ratio of 10:1, meaning each share will be sub-divided into 10 shares.
International Monetary Fund: The Washington-based fund on Tuesday raised its forecast for dynamic Asia-Pacific claiming a 4.6 per cent growth this year from that of 3.8 per cent recorded in 2022. The International Monetary Fund in its Regional Economic Outlook stated that India and China will play a prominent role in driving global growth. In addition to this, the Asia-Pacific region is projected to contribute around 70 per cent of global growth. 
Around 39% of families have encountered financial fraud over the past three years and just 24% of them got their funds back, a survey conducted by LocalCircles said on Tuesday, as reported by news agency PTI.
Maharashtra Day: On account of Maharashtra Day, all major financial markets including the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), currency and debt markets will remain closed on Monday. As per the latest updates, normal trading activities will resume Tuesday.

Another US bank fails, set to be acquired by THIS group

Monday 01 May 2023 10:55 AM UTC+00
Regulators seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the US.
New Delhi:  The gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore. It is the highest monthly mop-up since the rollout of the indirect tax regime in July 2017, the Ministry of Finance said in a statement. The previous high collection of Rs 1.68 lakh crore was in April last year.
New Delhi: India's exports to the UAE are expected to rise by about 60 per cent to reach USD 50 billion by 2026-27 from USD 31.3 billion at present on the back of the free trade agreement between the countries, a top government official said on Monday. Commerce Secretary Sunil Barthwal said that trade between India and the UAE has grown significantly after the implementation of the trade agreement on May 1 last year.
New Delhi: Capital markets regulator Sebi has slapped a fine of Rs 10 lakh on brokerage firm Angel Broking Ltd for alleged violation of regulatory norms. Angel Broking Ltd (now known as Angel One Ltd) is a Sebi-registered stock and commodity broker. The firm is listed on both the bourses -- BSE and NSE.
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, today announced financial results for the quarter and financial year ending 31 March 2023. The sale of energy has increased by 58% YoY to 14,880 mn units in FY23 primarily backed by strong capacity addition, analytics-driven O&M enabling high plant availability and deployment of the latest renewable technologies.
Apollo Micro Systems shares on Tuesday locked in the upper circuit of 5 per cent ahead of the sub-division of equity shares. The company has announced to split its shares in the ratio of 10:1, meaning each share will be sub-divided into 10 shares.
International Monetary Fund: The Washington-based fund on Tuesday raised its forecast for dynamic Asia-Pacific claiming a 4.6 per cent growth this year from that of 3.8 per cent recorded in 2022. The International Monetary Fund in its Regional Economic Outlook stated that India and China will play a prominent role in driving global growth. In addition to this, the Asia-Pacific region is projected to contribute around 70 per cent of global growth. 
Around 39% of families have encountered financial fraud over the past three years and just 24% of them got their funds back, a survey conducted by LocalCircles said on Tuesday, as reported by news agency PTI.
Mumbai: Equity benchmarks ended higher on Tuesday mainly due to buying in index heavyweights Infosys and Reliance Industries amid foreign fund inflows. Also, a firm trend in Asian gauges and record GST collection in April added to the optimism.
Maharashtra Day: On account of Maharashtra Day, all major financial markets including the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), currency and debt markets will remain closed on Monday. As per the latest updates, normal trading activities will resume Tuesday.

Another US bank fails, set to be acquired by THIS group

Monday 01 May 2023 10:55 AM UTC+00
Regulators seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the US.
New Delhi:  The gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore. It is the highest monthly mop-up since the rollout of the indirect tax regime in July 2017, the Ministry of Finance said in a statement. The previous high collection of Rs 1.68 lakh crore was in April last year.
New Delhi: India's exports to the UAE are expected to rise by about 60 per cent to reach USD 50 billion by 2026-27 from USD 31.3 billion at present on the back of the free trade agreement between the countries, a top government official said on Monday. Commerce Secretary Sunil Barthwal said that trade between India and the UAE has grown significantly after the implementation of the trade agreement on May 1 last year.
New Delhi: Capital markets regulator Sebi has slapped a fine of Rs 10 lakh on brokerage firm Angel Broking Ltd for alleged violation of regulatory norms. Angel Broking Ltd (now known as Angel One Ltd) is a Sebi-registered stock and commodity broker. The firm is listed on both the bourses -- BSE and NSE.
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, today announced financial results for the quarter and financial year ending 31 March 2023. The sale of energy has increased by 58% YoY to 14,880 mn units in FY23 primarily backed by strong capacity addition, analytics-driven O&M enabling high plant availability and deployment of the latest renewable technologies.
Apollo Micro Systems shares on Tuesday locked in the upper circuit of 5 per cent ahead of the sub-division of equity shares. The company has announced to split its shares in the ratio of 10:1, meaning each share will be sub-divided into 10 shares.
International Monetary Fund: The Washington-based fund on Tuesday raised its forecast for dynamic Asia-Pacific claiming a 4.6 per cent growth this year from that of 3.8 per cent recorded in 2022. The International Monetary Fund in its Regional Economic Outlook stated that India and China will play a prominent role in driving global growth. In addition to this, the Asia-Pacific region is projected to contribute around 70 per cent of global growth. 
Around 39% of families have encountered financial fraud over the past three years and just 24% of them got their funds back, a survey conducted by LocalCircles said on Tuesday, as reported by news agency PTI.
Mumbai: Equity benchmarks ended higher on Tuesday mainly due to buying in index heavyweights Infosys and Reliance Industries amid foreign fund inflows. Also, a firm trend in Asian gauges and record GST collection in April added to the optimism.
Maharashtra Day: On account of Maharashtra Day, all major financial markets including the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), currency and debt markets will remain closed on Monday. As per the latest updates, normal trading activities will resume Tuesday.

Another US bank fails, set to be acquired by THIS group

Monday 01 May 2023 10:55 AM UTC+00
Regulators seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the US.
New Delhi:  The gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore. It is the highest monthly mop-up since the rollout of the indirect tax regime in July 2017, the Ministry of Finance said in a statement. The previous high collection of Rs 1.68 lakh crore was in April last year.
New Delhi: India's exports to the UAE are expected to rise by about 60 per cent to reach USD 50 billion by 2026-27 from USD 31.3 billion at present on the back of the free trade agreement between the countries, a top government official said on Monday. Commerce Secretary Sunil Barthwal said that trade between India and the UAE has grown significantly after the implementation of the trade agreement on May 1 last year.
New Delhi: Capital markets regulator Sebi has slapped a fine of Rs 10 lakh on brokerage firm Angel Broking Ltd for alleged violation of regulatory norms. Angel Broking Ltd (now known as Angel One Ltd) is a Sebi-registered stock and commodity broker. The firm is listed on both the bourses -- BSE and NSE.
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, today announced financial results for the quarter and financial year ending 31 March 2023. The sale of energy has increased by 58% YoY to 14,880 mn units in FY23 primarily backed by strong capacity addition, analytics-driven O&M enabling high plant availability and deployment of the latest renewable technologies.
Apollo Micro Systems shares on Tuesday locked in the upper circuit of 5 per cent ahead of the sub-division of equity shares. The company has announced to split its shares in the ratio of 10:1, meaning each share will be sub-divided into 10 shares.
International Monetary Fund: The Washington-based fund on Tuesday raised its forecast for dynamic Asia-Pacific claiming a 4.6 per cent growth this year from that of 3.8 per cent recorded in 2022. The International Monetary Fund in its Regional Economic Outlook stated that India and China will play a prominent role in driving global growth. In addition to this, the Asia-Pacific region is projected to contribute around 70 per cent of global growth. 
Around 39% of families have encountered financial fraud over the past three years and just 24% of them got their funds back, a survey conducted by LocalCircles said on Tuesday, as reported by news agency PTI.
Mumbai: Equity benchmarks ended higher on Tuesday mainly due to buying in index heavyweights Infosys and Reliance Industries amid foreign fund inflows. Also, a firm trend in Asian gauges and record GST collection in April added to the optimism.
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