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IndiaTV Business: Google News Feed: Digest for May 21, 2023

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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.
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.

Zomato elevates Rakesh Ranjan as food delivery CEO

Saturday 20 May 2023 07:40 AM UTC+00
Online food livery platform Zomato has rejigged the senior leadership team after reporting its better-than-expected quarterly results (Q4 FY23). Zomato informed the Bombay Stock Exchange in a filing that it has appointed Rakesh Ranjan as CEO of its food ordering and delivery business and Rinshul Chandra as COO, food ordering and delivery business.
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.

Zomato elevates Rakesh Ranjan as food delivery CEO

Saturday 20 May 2023 07:40 AM UTC+00
Online food livery platform Zomato has rejigged the senior leadership team after reporting its better-than-expected quarterly results (Q4 FY23). Zomato informed the Bombay Stock Exchange in a filing that it has appointed Rakesh Ranjan as CEO of its food ordering and delivery business and Rinshul Chandra as COO, food ordering and delivery business.
2,000 notes withdrawal: A day after the withdrawal of Rs 2,000 currency notes from circulation, former NITI Aayog Vice Chairman Arvind Panagariya said the RBI's decision will not have any 'perceptible effect' on the economy as any such notes returned will be replaced by either equivalent cash in lower denomination notes or a deposit. He further said the likely motive behind this move is to make the movement of illicit money more difficult.
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.

Zomato elevates Rakesh Ranjan as food delivery CEO

Saturday 20 May 2023 07:40 AM UTC+00
Online food livery platform Zomato has rejigged the senior leadership team after reporting its better-than-expected quarterly results (Q4 FY23). Zomato informed the Bombay Stock Exchange in a filing that it has appointed Rakesh Ranjan as CEO of its food ordering and delivery business and Rinshul Chandra as COO, food ordering and delivery business.
2,000 notes withdrawal: A day after the withdrawal of Rs 2,000 currency notes from circulation, former NITI Aayog Vice Chairman Arvind Panagariya said the RBI's decision will not have any 'perceptible effect' on the economy as any such notes returned will be replaced by either equivalent cash in lower denomination notes or a deposit. He further said the likely motive behind this move is to make the movement of illicit money more difficult.
EPFO Data: According to payroll data released on Saturday, the retirement fund body EPFO added 13.40 lakh members on a net basis in March, taking the total addition to 1.39 crore in 2022-23, 
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.

Zomato elevates Rakesh Ranjan as food delivery CEO

Saturday 20 May 2023 07:40 AM UTC+00
Online food livery platform Zomato has rejigged the senior leadership team after reporting its better-than-expected quarterly results (Q4 FY23). Zomato informed the Bombay Stock Exchange in a filing that it has appointed Rakesh Ranjan as CEO of its food ordering and delivery business and Rinshul Chandra as COO, food ordering and delivery business.
2,000 notes withdrawal: A day after the withdrawal of Rs 2,000 currency notes from circulation, former NITI Aayog Vice Chairman Arvind Panagariya said the RBI's decision will not have any 'perceptible effect' on the economy as any such notes returned will be replaced by either equivalent cash in lower denomination notes or a deposit. He further said the likely motive behind this move is to make the movement of illicit money more difficult.
EPFO Data: According to payroll data released on Saturday, the retirement fund body EPFO added 13.40 lakh members on a net basis in March, taking the total addition to 1.39 crore in 2022-23, 
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.

Zomato elevates Rakesh Ranjan as food delivery CEO

Saturday 20 May 2023 07:40 AM UTC+00
Online food livery platform Zomato has rejigged the senior leadership team after reporting its better-than-expected quarterly results (Q4 FY23). Zomato informed the Bombay Stock Exchange in a filing that it has appointed Rakesh Ranjan as CEO of its food ordering and delivery business and Rinshul Chandra as COO, food ordering and delivery business.
2,000 notes withdrawal: A day after the withdrawal of Rs 2,000 currency notes from circulation, former NITI Aayog Vice Chairman Arvind Panagariya said the RBI's decision will not have any 'perceptible effect' on the economy as any such notes returned will be replaced by either equivalent cash in lower denomination notes or a deposit. He further said the likely motive behind this move is to make the movement of illicit money more difficult.
EPFO Data: According to payroll data released on Saturday, the retirement fund body EPFO added 13.40 lakh members on a net basis in March, taking the total addition to 1.39 crore in 2022-23, 
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.

Zomato elevates Rakesh Ranjan as food delivery CEO

Saturday 20 May 2023 07:40 AM UTC+00
Online food livery platform Zomato has rejigged the senior leadership team after reporting its better-than-expected quarterly results (Q4 FY23). Zomato informed the Bombay Stock Exchange in a filing that it has appointed Rakesh Ranjan as CEO of its food ordering and delivery business and Rinshul Chandra as COO, food ordering and delivery business.
2,000 notes withdrawal: A day after the withdrawal of Rs 2,000 currency notes from circulation, former NITI Aayog Vice Chairman Arvind Panagariya said the RBI's decision will not have any 'perceptible effect' on the economy as any such notes returned will be replaced by either equivalent cash in lower denomination notes or a deposit. He further said the likely motive behind this move is to make the movement of illicit money more difficult.
EPFO Data: According to payroll data released on Saturday, the retirement fund body EPFO added 13.40 lakh members on a net basis in March, taking the total addition to 1.39 crore in 2022-23, 
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