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IndiaTV Business: Google News Feed: Digest for May 25, 2023

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India's flagship overseas oil firm ONGC Videsh has got a new partner in Oil India Ltd to replace a reluctant IndianOil (IOC) for the potential acquisition of a 50 percent stake in Tullow Oil Plc's USD 3.4 billion oilfield project in Kenya, according to people with knowledge of the matter. But the OVL-OIL duo now faces competition from super-aggressive Chinese energy giant Sinopec which has entered the fray taking advantage of the delay on the Indian part in finalising the deal.
Will Rs 1,000 notes make a comeback after the Reserve Bank of India (RBI) announced the discontinuation of Rs 2,000 currency notes from the market. Well speaking on the matter, RBI Governor Shaktikanta Das has said that the RBI does not have any plans to re-introduce Rs 1,000 notes after its order to withdraw Rs 2,000 denomination from circulation.
The Irish Data Protection Commission on Monday fined Meta (formerly Facebook) a record $1.3 billion fine over violating data transfer rules in the European Union (EU).
Stock markets: Benchmark indices began the trade on a positive note on Tuesday, rallying for the third day running, amid fresh foreign fund inflows and continuous buying in IT counters. The 30-share BSE Sensex climbed 187.61 points to 62,151.29 in early trade. The NSE Nifty advanced 69.35 points to 18,383.75.
From today (May 23) one can exchange and deposit Rs 2000 notes in the banks. Following instructions from the Reserve Bank, the banks have completed all the preparations. The RBI on Friday made a surprise announcement of withdrawal of Rs 2,000 currency notes but gave the public time till September 30 to either deposit the Rs 2,000 notes in accounts or exchange them at banks. The RBI said it had asked banks to stop issuing Rs 2,000 notes with immediate effect.
Asian stock markets: Asian stock markets were mixed Tuesday after more talks in Washington on government debt ended with no deal to avoid a potentially jarring default. Shanghai and Hong Kong declined while Tokyo and Sydney advanced. Oil prices rose.
Entertainment giant Disney has started its third round of layoffs that will affect over 2,500 employees across the board, the media reported. Although Parks and Resorts remain largely untouched, no particular division is being targeted by pink slips this week, according to Deadline, citing sources.
Go First Bankruptcy: Go First on Tuesday said that they have no definite timeline for the resumption of operations yet. The airline conveyed this to the Directorate General of Civil Aviation (DGCA).
The Consumer Affairs Ministry has issued an advisory directing retailers not to insist on the personal contact details of customers for delivering certain services, Consumer Affairs Secretary Rohit Kumar Singh said on Tuesday.
India's GDP has crossed USD 3.5 trillion in 2022 and will be the fastest-growing G-20 economy over the next few years, but reform and policy barriers could hamper investment, Moody's said on Tuesday.
Will Rs 1,000 notes make a comeback after the Reserve Bank of India (RBI) announced the discontinuation of Rs 2,000 currency notes from the market. Well speaking on the matter, RBI Governor Shaktikanta Das has said that the RBI does not have any plans to re-introduce Rs 1,000 notes after its order to withdraw Rs 2,000 denomination from circulation.
The Irish Data Protection Commission on Monday fined Meta (formerly Facebook) a record $1.3 billion fine over violating data transfer rules in the European Union (EU).
Stock markets: Benchmark indices began the trade on a positive note on Tuesday, rallying for the third day running, amid fresh foreign fund inflows and continuous buying in IT counters. The 30-share BSE Sensex climbed 187.61 points to 62,151.29 in early trade. The NSE Nifty advanced 69.35 points to 18,383.75.
From today (May 23) one can exchange and deposit Rs 2000 notes in the banks. Following instructions from the Reserve Bank, the banks have completed all the preparations. The RBI on Friday made a surprise announcement of withdrawal of Rs 2,000 currency notes but gave the public time till September 30 to either deposit the Rs 2,000 notes in accounts or exchange them at banks. The RBI said it had asked banks to stop issuing Rs 2,000 notes with immediate effect.
Asian stock markets: Asian stock markets were mixed Tuesday after more talks in Washington on government debt ended with no deal to avoid a potentially jarring default. Shanghai and Hong Kong declined while Tokyo and Sydney advanced. Oil prices rose.
Entertainment giant Disney has started its third round of layoffs that will affect over 2,500 employees across the board, the media reported. Although Parks and Resorts remain largely untouched, no particular division is being targeted by pink slips this week, according to Deadline, citing sources.
Go First Bankruptcy: Go First on Tuesday said that they have no definite timeline for the resumption of operations yet. The airline conveyed this to the Directorate General of Civil Aviation (DGCA).
The Consumer Affairs Ministry has issued an advisory directing retailers not to insist on the personal contact details of customers for delivering certain services, Consumer Affairs Secretary Rohit Kumar Singh said on Tuesday.
India's GDP has crossed USD 3.5 trillion in 2022 and will be the fastest-growing G-20 economy over the next few years, but reform and policy barriers could hamper investment, Moody's said on Tuesday.
SpiceJet, which celebrated 18 years in the aviation industry on Tuesday, made the announcement that they have made the decision to raise the pay of their captains to 7.5 lakhs rupees per month for flying 75 hours. SpiceJet also said that captains will now get a loyalty reward tied to their tenure.
Stock markets: Benchmark indices began the trade on a positive note on Tuesday, rallying for the third day running, amid fresh foreign fund inflows and continuous buying in IT counters. The 30-share BSE Sensex climbed 187.61 points to 62,151.29 in early trade. The NSE Nifty advanced 69.35 points to 18,383.75.
From today (May 23) one can exchange and deposit Rs 2000 notes in the banks. Following instructions from the Reserve Bank, the banks have completed all the preparations. The RBI on Friday made a surprise announcement of withdrawal of Rs 2,000 currency notes but gave the public time till September 30 to either deposit the Rs 2,000 notes in accounts or exchange them at banks. The RBI said it had asked banks to stop issuing Rs 2,000 notes with immediate effect.
Asian stock markets: Asian stock markets were mixed Tuesday after more talks in Washington on government debt ended with no deal to avoid a potentially jarring default. Shanghai and Hong Kong declined while Tokyo and Sydney advanced. Oil prices rose.
Entertainment giant Disney has started its third round of layoffs that will affect over 2,500 employees across the board, the media reported. Although Parks and Resorts remain largely untouched, no particular division is being targeted by pink slips this week, according to Deadline, citing sources.
Go First Bankruptcy: Go First on Tuesday said that they have no definite timeline for the resumption of operations yet. The airline conveyed this to the Directorate General of Civil Aviation (DGCA).
The Consumer Affairs Ministry has issued an advisory directing retailers not to insist on the personal contact details of customers for delivering certain services, Consumer Affairs Secretary Rohit Kumar Singh said on Tuesday.
India's GDP has crossed USD 3.5 trillion in 2022 and will be the fastest-growing G-20 economy over the next few years, but reform and policy barriers could hamper investment, Moody's said on Tuesday.
SpiceJet, which celebrated 18 years in the aviation industry on Tuesday, made the announcement that they have made the decision to raise the pay of their captains to 7.5 lakhs rupees per month for flying 75 hours. SpiceJet also said that captains will now get a loyalty reward tied to their tenure.
Stock markets update: Equity benchmark indices began the trade on a weak note on Wednesday following a bearish trend in the global markets as investors preferred to remain on the sidelines ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes.
Dynamic Cables has said its consolidated net profit climbed a 17.92 per cent to around Rs 10 crore during the quarter ended March 31, boosted by higher income. It had clocked a net profit of Rs 8.48 crore in the January-March quarter of FY22, the company said in a regulatory filing.
Asian stock markets: Asian stock markets were mixed Tuesday after more talks in Washington on government debt ended with no deal to avoid a potentially jarring default. Shanghai and Hong Kong declined while Tokyo and Sydney advanced. Oil prices rose.
Entertainment giant Disney has started its third round of layoffs that will affect over 2,500 employees across the board, the media reported. Although Parks and Resorts remain largely untouched, no particular division is being targeted by pink slips this week, according to Deadline, citing sources.
Go First Bankruptcy: Go First on Tuesday said that they have no definite timeline for the resumption of operations yet. The airline conveyed this to the Directorate General of Civil Aviation (DGCA).
The Consumer Affairs Ministry has issued an advisory directing retailers not to insist on the personal contact details of customers for delivering certain services, Consumer Affairs Secretary Rohit Kumar Singh said on Tuesday.
India's GDP has crossed USD 3.5 trillion in 2022 and will be the fastest-growing G-20 economy over the next few years, but reform and policy barriers could hamper investment, Moody's said on Tuesday.
SpiceJet, which celebrated 18 years in the aviation industry on Tuesday, made the announcement that they have made the decision to raise the pay of their captains to 7.5 lakhs rupees per month for flying 75 hours. SpiceJet also said that captains will now get a loyalty reward tied to their tenure.
Stock markets update: Equity benchmark indices began the trade on a weak note on Wednesday following a bearish trend in the global markets as investors preferred to remain on the sidelines ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes.
Dynamic Cables has said its consolidated net profit climbed a 17.92 per cent to around Rs 10 crore during the quarter ended March 31, boosted by higher income. It had clocked a net profit of Rs 8.48 crore in the January-March quarter of FY22, the company said in a regulatory filing.
FMCG major Mishtann Foods has informed that global financial services group Nomura Singapore Limited ODI has increased its stake in the company. According to a regulatory filing dated May 24, Nomura Singapore's stake now stands at 1.28 per cent or 1,28,25,854 shares.
The governor of the Reserve Bank of India stated on Wednesday that although inflation has decreased, the central bank cannot be complacent about easing price pressures at this time due to potential weather-related uncertainties.
Asian stock markets: Asian stock markets were mixed Tuesday after more talks in Washington on government debt ended with no deal to avoid a potentially jarring default. Shanghai and Hong Kong declined while Tokyo and Sydney advanced. Oil prices rose.
Entertainment giant Disney has started its third round of layoffs that will affect over 2,500 employees across the board, the media reported. Although Parks and Resorts remain largely untouched, no particular division is being targeted by pink slips this week, according to Deadline, citing sources.
Go First Bankruptcy: Go First on Tuesday said that they have no definite timeline for the resumption of operations yet. The airline conveyed this to the Directorate General of Civil Aviation (DGCA).
The Consumer Affairs Ministry has issued an advisory directing retailers not to insist on the personal contact details of customers for delivering certain services, Consumer Affairs Secretary Rohit Kumar Singh said on Tuesday.
India's GDP has crossed USD 3.5 trillion in 2022 and will be the fastest-growing G-20 economy over the next few years, but reform and policy barriers could hamper investment, Moody's said on Tuesday.
SpiceJet, which celebrated 18 years in the aviation industry on Tuesday, made the announcement that they have made the decision to raise the pay of their captains to 7.5 lakhs rupees per month for flying 75 hours. SpiceJet also said that captains will now get a loyalty reward tied to their tenure.
Stock markets update: Equity benchmark indices began the trade on a weak note on Wednesday following a bearish trend in the global markets as investors preferred to remain on the sidelines ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes.
Dynamic Cables has said its consolidated net profit climbed a 17.92 per cent to around Rs 10 crore during the quarter ended March 31, boosted by higher income. It had clocked a net profit of Rs 8.48 crore in the January-March quarter of FY22, the company said in a regulatory filing.
FMCG major Mishtann Foods has informed that global financial services group Nomura Singapore Limited ODI has increased its stake in the company. According to a regulatory filing dated May 24, Nomura Singapore's stake now stands at 1.28 per cent or 1,28,25,854 shares.
The governor of the Reserve Bank of India stated on Wednesday that although inflation has decreased, the central bank cannot be complacent about easing price pressures at this time due to potential weather-related uncertainties.
India's GDP has crossed USD 3.5 trillion in 2022 and will be the fastest-growing G-20 economy over the next few years, but reform and policy barriers could hamper investment, Moody's said on Tuesday.
SpiceJet, which celebrated 18 years in the aviation industry on Tuesday, made the announcement that they have made the decision to raise the pay of their captains to 7.5 lakhs rupees per month for flying 75 hours. SpiceJet also said that captains will now get a loyalty reward tied to their tenure.
Stock markets update: Equity benchmark indices began the trade on a weak note on Wednesday following a bearish trend in the global markets as investors preferred to remain on the sidelines ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes.
Dynamic Cables has said its consolidated net profit climbed a 17.92 per cent to around Rs 10 crore during the quarter ended March 31, boosted by higher income. It had clocked a net profit of Rs 8.48 crore in the January-March quarter of FY22, the company said in a regulatory filing.
FMCG major Mishtann Foods has informed that global financial services group Nomura Singapore Limited ODI has increased its stake in the company. According to a regulatory filing dated May 24, Nomura Singapore's stake now stands at 1.28 per cent or 1,28,25,854 shares.
The governor of the Reserve Bank of India stated on Wednesday that although inflation has decreased, the central bank cannot be complacent about easing price pressures at this time due to potential weather-related uncertainties.
FDI declines: Gross foreign direct investment (FDI) flows, for the first time in a decade, declined on an annual basis in 2022-23 to USD 71 billion mainly due to a slowdown in the global economy, according to the RBI data.
Tesla CEO and Twitter boss Elon Musk is looking for a location to set up a new factory for Tesla.
The Life Insurance Corporation (LIC) on Wednesday reported over a 5-fold jump in consolidated net profit to Rs 13,191 crore in March 2023 quarter, company's regulatory filing report said.
Go First update: Aviation regulator DGCA will conduct an audit of Go First's preparedness before approving the resumption of flights, the crisis-hit airline's head of operations has told its staff. Cash-strapped Go First stopped flying on May 3 and is undergoing voluntary insolvency resolution proceedings.
India's GDP has crossed USD 3.5 trillion in 2022 and will be the fastest-growing G-20 economy over the next few years, but reform and policy barriers could hamper investment, Moody's said on Tuesday.
SpiceJet, which celebrated 18 years in the aviation industry on Tuesday, made the announcement that they have made the decision to raise the pay of their captains to 7.5 lakhs rupees per month for flying 75 hours. SpiceJet also said that captains will now get a loyalty reward tied to their tenure.
Stock markets update: Equity benchmark indices began the trade on a weak note on Wednesday following a bearish trend in the global markets as investors preferred to remain on the sidelines ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes.
Dynamic Cables has said its consolidated net profit climbed a 17.92 per cent to around Rs 10 crore during the quarter ended March 31, boosted by higher income. It had clocked a net profit of Rs 8.48 crore in the January-March quarter of FY22, the company said in a regulatory filing.
FMCG major Mishtann Foods has informed that global financial services group Nomura Singapore Limited ODI has increased its stake in the company. According to a regulatory filing dated May 24, Nomura Singapore's stake now stands at 1.28 per cent or 1,28,25,854 shares.
The governor of the Reserve Bank of India stated on Wednesday that although inflation has decreased, the central bank cannot be complacent about easing price pressures at this time due to potential weather-related uncertainties.
FDI declines: Gross foreign direct investment (FDI) flows, for the first time in a decade, declined on an annual basis in 2022-23 to USD 71 billion mainly due to a slowdown in the global economy, according to the RBI data.
Tesla CEO and Twitter boss Elon Musk is looking for a location to set up a new factory for Tesla.
The Life Insurance Corporation (LIC) on Wednesday reported over a 5-fold jump in consolidated net profit to Rs 13,191 crore in March 2023 quarter, company's regulatory filing report said.
Go First update: Aviation regulator DGCA will conduct an audit of Go First's preparedness before approving the resumption of flights, the crisis-hit airline's head of operations has told its staff. Cash-strapped Go First stopped flying on May 3 and is undergoing voluntary insolvency resolution proceedings.
India's GDP has crossed USD 3.5 trillion in 2022 and will be the fastest-growing G-20 economy over the next few years, but reform and policy barriers could hamper investment, Moody's said on Tuesday.
SpiceJet, which celebrated 18 years in the aviation industry on Tuesday, made the announcement that they have made the decision to raise the pay of their captains to 7.5 lakhs rupees per month for flying 75 hours. SpiceJet also said that captains will now get a loyalty reward tied to their tenure.
Stock markets update: Equity benchmark indices began the trade on a weak note on Wednesday following a bearish trend in the global markets as investors preferred to remain on the sidelines ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes.
Dynamic Cables has said its consolidated net profit climbed a 17.92 per cent to around Rs 10 crore during the quarter ended March 31, boosted by higher income. It had clocked a net profit of Rs 8.48 crore in the January-March quarter of FY22, the company said in a regulatory filing.
FMCG major Mishtann Foods has informed that global financial services group Nomura Singapore Limited ODI has increased its stake in the company. According to a regulatory filing dated May 24, Nomura Singapore's stake now stands at 1.28 per cent or 1,28,25,854 shares.
The governor of the Reserve Bank of India stated on Wednesday that although inflation has decreased, the central bank cannot be complacent about easing price pressures at this time due to potential weather-related uncertainties.
FDI declines: Gross foreign direct investment (FDI) flows, for the first time in a decade, declined on an annual basis in 2022-23 to USD 71 billion mainly due to a slowdown in the global economy, according to the RBI data.
Tesla CEO and Twitter boss Elon Musk is looking for a location to set up a new factory for Tesla.
The Life Insurance Corporation (LIC) on Wednesday reported over a 5-fold jump in consolidated net profit to Rs 13,191 crore in March 2023 quarter, company's regulatory filing report said.
Go First update: Aviation regulator DGCA will conduct an audit of Go First's preparedness before approving the resumption of flights, the crisis-hit airline's head of operations has told its staff. Cash-strapped Go First stopped flying on May 3 and is undergoing voluntary insolvency resolution proceedings.
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