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IndiaTV Business: Google News Feed: Digest for May 22, 2023

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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Rs 2,000 notes to be withdrawn: The Reserve Bank of India on Friday announced that it will withdraw the circulation of Rs 2,000 currency notes but said that the notes will continue to remain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, 
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, 
Elon Musk apparently told a Twitter investor during a 4 a.m. call that he would pay the company's office rent 'over my dead body'. According to a new lawsuit filed by six former Twitter employees against Twitter, Pablo Mendoza, a venture capitalist who invested in Twitter 2.0, had a chat with Musk in the wee hours, reports Business Insider.
US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027. The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles, a company spokesperson told PTI.
The State Bank of India (SBI) on Saturday informed all its branches that no form and no identity proof were required to exchange Rs 2,000 notes, which the RBI pulled out from flow with immediate effect.

Deloitte to launch offices in THESE cities across India

Sunday 21 May 2023 08:49 AM UTC+00
Deloitte India on Sunday announced that it will be opening three new offices in Pune, Chennai and Kolkata. It further stated that the country's skilled workforce is being sought after by global organisations for high-end work.

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, 
Elon Musk apparently told a Twitter investor during a 4 a.m. call that he would pay the company's office rent 'over my dead body'. According to a new lawsuit filed by six former Twitter employees against Twitter, Pablo Mendoza, a venture capitalist who invested in Twitter 2.0, had a chat with Musk in the wee hours, reports Business Insider.
US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027. The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles, a company spokesperson told PTI.
The State Bank of India (SBI) on Saturday informed all its branches that no form and no identity proof were required to exchange Rs 2,000 notes, which the RBI pulled out from flow with immediate effect.

Deloitte to launch offices in THESE cities across India

Sunday 21 May 2023 08:49 AM UTC+00
Deloitte India on Sunday announced that it will be opening three new offices in Pune, Chennai and Kolkata. It further stated that the country's skilled workforce is being sought after by global organisations for high-end work.
Rs 2,000 note ban: Jewellers in India, the world's second largest gold consuming country after China, have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs 2,000 notes from circulation.

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, 
Elon Musk apparently told a Twitter investor during a 4 a.m. call that he would pay the company's office rent 'over my dead body'. According to a new lawsuit filed by six former Twitter employees against Twitter, Pablo Mendoza, a venture capitalist who invested in Twitter 2.0, had a chat with Musk in the wee hours, reports Business Insider.
US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027. The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles, a company spokesperson told PTI.
The State Bank of India (SBI) on Saturday informed all its branches that no form and no identity proof were required to exchange Rs 2,000 notes, which the RBI pulled out from flow with immediate effect.

Deloitte to launch offices in THESE cities across India

Sunday 21 May 2023 08:49 AM UTC+00
Deloitte India on Sunday announced that it will be opening three new offices in Pune, Chennai and Kolkata. It further stated that the country's skilled workforce is being sought after by global organisations for high-end work.
Rs 2,000 note ban: Jewellers in India, the world's second largest gold consuming country after China, have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs 2,000 notes from circulation.

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, 
Elon Musk apparently told a Twitter investor during a 4 a.m. call that he would pay the company's office rent 'over my dead body'. According to a new lawsuit filed by six former Twitter employees against Twitter, Pablo Mendoza, a venture capitalist who invested in Twitter 2.0, had a chat with Musk in the wee hours, reports Business Insider.
US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027. The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles, a company spokesperson told PTI.
The State Bank of India (SBI) on Saturday informed all its branches that no form and no identity proof were required to exchange Rs 2,000 notes, which the RBI pulled out from flow with immediate effect.

Deloitte to launch offices in THESE cities across India

Sunday 21 May 2023 08:49 AM UTC+00
Deloitte India on Sunday announced that it will be opening three new offices in Pune, Chennai and Kolkata. It further stated that the country's skilled workforce is being sought after by global organisations for high-end work.
Rs 2,000 note ban: Jewellers in India, the world's second largest gold consuming country after China, have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs 2,000 notes from circulation.

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, 
Elon Musk apparently told a Twitter investor during a 4 a.m. call that he would pay the company's office rent 'over my dead body'. According to a new lawsuit filed by six former Twitter employees against Twitter, Pablo Mendoza, a venture capitalist who invested in Twitter 2.0, had a chat with Musk in the wee hours, reports Business Insider.
US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027. The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles, a company spokesperson told PTI.
The State Bank of India (SBI) on Saturday informed all its branches that no form and no identity proof were required to exchange Rs 2,000 notes, which the RBI pulled out from flow with immediate effect.

Deloitte to launch offices in THESE cities across India

Sunday 21 May 2023 08:49 AM UTC+00
Deloitte India on Sunday announced that it will be opening three new offices in Pune, Chennai and Kolkata. It further stated that the country's skilled workforce is being sought after by global organisations for high-end work.
Rs 2,000 note ban: Jewellers in India, the world's second largest gold consuming country after China, have started receiving more inquiries for purchase of gold or silver immediately after the Reserve Bank's announcement to withdraw Rs 2,000 notes from circulation.
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