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IndiaTV Business: Google News Feed: Digest for May 26, 2023

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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.
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.
Stock markets: Equity benchmark indices fell in early trade on Thursday in line with weak trends in global markets amid the lack of any breakthrough in the US debt ceiling talks. However, later both indices Sensex and Nifty turned volatile and were oscillating between highs and lows.
High-end specialty chemicals provider Vikas Lifecare has secured a major order for its agro products division. The company has informed exchanges that the order worth Rs 155 million will help in boosting the agro products business.
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.
Stock markets: Equity benchmark indices fell in early trade on Thursday in line with weak trends in global markets amid the lack of any breakthrough in the US debt ceiling talks. However, later both indices Sensex and Nifty turned volatile and were oscillating between highs and lows.
High-end specialty chemicals provider Vikas Lifecare has secured a major order for its agro products division. The company has informed exchanges that the order worth Rs 155 million will help in boosting the agro products business.
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.
Stock markets: Equity benchmark indices fell in early trade on Thursday in line with weak trends in global markets amid the lack of any breakthrough in the US debt ceiling talks. However, later both indices Sensex and Nifty turned volatile and were oscillating between highs and lows.
High-end specialty chemicals provider Vikas Lifecare has secured a major order for its agro products division. The company has informed exchanges that the order worth Rs 155 million will help in boosting the agro products business.
Go First update:  Aviation watchdog DGCA has asked crisis-hit Go First to submit a comprehensive plan for the revival of its operations, a source said today (May 25). The budget carrier, which is undergoing a voluntary insolvency resolution process, stopped flying on May 3.
Shares of LIC on Thursday ended nearly 2 per cent higher after the company posted more than five-fold jump in consolidated net profit at Rs 13,191 crore for the fourth quarter ended March 2023.
Before the announcement of withdrawal of Rs 2,000 banknotes, petrol pump owners in Punjab used to receive just 10 per cent of the daily cash of this denomination.
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.
Stock markets: Equity benchmark indices fell in early trade on Thursday in line with weak trends in global markets amid the lack of any breakthrough in the US debt ceiling talks. However, later both indices Sensex and Nifty turned volatile and were oscillating between highs and lows.
High-end specialty chemicals provider Vikas Lifecare has secured a major order for its agro products division. The company has informed exchanges that the order worth Rs 155 million will help in boosting the agro products business.
Go First update:  Aviation watchdog DGCA has asked crisis-hit Go First to submit a comprehensive plan for the revival of its operations, a source said today (May 25). The budget carrier, which is undergoing a voluntary insolvency resolution process, stopped flying on May 3.
Shares of LIC on Thursday ended nearly 2 per cent higher after the company posted more than five-fold jump in consolidated net profit at Rs 13,191 crore for the fourth quarter ended March 2023.
Before the announcement of withdrawal of Rs 2,000 banknotes, petrol pump owners in Punjab used to receive just 10 per cent of the daily cash of this denomination.
NSE-listed Servotech Power Systems has announced the sub-division of its equity shares, according to an exchange filing. The current face value of each share of the leading manufacturer of LED lights, solar panels and UVC disinfection products is Rs 2. As per the filing, the face value of each share will be sub-divided from Rs 2 to Re 1.
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.
Stock markets: Equity benchmark indices fell in early trade on Thursday in line with weak trends in global markets amid the lack of any breakthrough in the US debt ceiling talks. However, later both indices Sensex and Nifty turned volatile and were oscillating between highs and lows.
High-end specialty chemicals provider Vikas Lifecare has secured a major order for its agro products division. The company has informed exchanges that the order worth Rs 155 million will help in boosting the agro products business.
Go First update:  Aviation watchdog DGCA has asked crisis-hit Go First to submit a comprehensive plan for the revival of its operations, a source said today (May 25). The budget carrier, which is undergoing a voluntary insolvency resolution process, stopped flying on May 3.
Shares of LIC on Thursday ended nearly 2 per cent higher after the company posted more than five-fold jump in consolidated net profit at Rs 13,191 crore for the fourth quarter ended March 2023.
Before the announcement of withdrawal of Rs 2,000 banknotes, petrol pump owners in Punjab used to receive just 10 per cent of the daily cash of this denomination.
NSE-listed Servotech Power Systems has announced the sub-division of its equity shares, according to an exchange filing. The current face value of each share of the leading manufacturer of LED lights, solar panels and UVC disinfection products is Rs 2. As per the filing, the face value of each share will be sub-divided from Rs 2 to Re 1.
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.
Stock markets: Equity benchmark indices fell in early trade on Thursday in line with weak trends in global markets amid the lack of any breakthrough in the US debt ceiling talks. However, later both indices Sensex and Nifty turned volatile and were oscillating between highs and lows.
High-end specialty chemicals provider Vikas Lifecare has secured a major order for its agro products division. The company has informed exchanges that the order worth Rs 155 million will help in boosting the agro products business.
Go First update:  Aviation watchdog DGCA has asked crisis-hit Go First to submit a comprehensive plan for the revival of its operations, a source said today (May 25). The budget carrier, which is undergoing a voluntary insolvency resolution process, stopped flying on May 3.
Shares of LIC on Thursday ended nearly 2 per cent higher after the company posted more than five-fold jump in consolidated net profit at Rs 13,191 crore for the fourth quarter ended March 2023.
Before the announcement of withdrawal of Rs 2,000 banknotes, petrol pump owners in Punjab used to receive just 10 per cent of the daily cash of this denomination.
NSE-listed Servotech Power Systems has announced the sub-division of its equity shares, according to an exchange filing. The current face value of each share of the leading manufacturer of LED lights, solar panels and UVC disinfection products is Rs 2. As per the filing, the face value of each share will be sub-divided from Rs 2 to Re 1.
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