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IndiaTV Business: Google News Feed: Digest for May 27, 2023

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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.
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.
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.
Stock markets: Equity benchmark indices extended their previous day's rally on Friday amid buying in index major Reliance Industries, fresh foreign fund inflows and a largely positive trend in global markets. The 30-share BSE Sensex climbed 178.34 points to 62,050.96 in early trade. The NSE Nifty gained 51.1 points to 18,372. 25.
New Delhi: India has filed an appeal against a recent ruling by a panel of the World Trade Organization (WTO) that it violated global trading rules by imposing tariffs on certain information and technology products. The appeal was filed by India in the WTO's appellate body, which is the final authority on such trade disputes.
With the German economy contracting for two consecutive quarters, India's exports from sectors such as apparels, footwear, and leather goods to the European Union nation are likely to be impacted adversely, according to exporters. Data released by the Federal Statistical Office on Thursday shows that Germany's gross domestic product (GDP) declined by 0.3 percent from January to March. This follows a drop of 0.5 percent in Europe's biggest economy during the last quarter of 2022.
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.
Stock markets: Equity benchmark indices extended their previous day's rally on Friday amid buying in index major Reliance Industries, fresh foreign fund inflows and a largely positive trend in global markets. The 30-share BSE Sensex climbed 178.34 points to 62,050.96 in early trade. The NSE Nifty gained 51.1 points to 18,372. 25.
New Delhi: India has filed an appeal against a recent ruling by a panel of the World Trade Organization (WTO) that it violated global trading rules by imposing tariffs on certain information and technology products. The appeal was filed by India in the WTO's appellate body, which is the final authority on such trade disputes.
With the German economy contracting for two consecutive quarters, India's exports from sectors such as apparels, footwear, and leather goods to the European Union nation are likely to be impacted adversely, according to exporters. Data released by the Federal Statistical Office on Thursday shows that Germany's gross domestic product (GDP) declined by 0.3 percent from January to March. This follows a drop of 0.5 percent in Europe's biggest economy during the last quarter of 2022.
SBI on Indian economy: The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India. State Bank of India's research report, Ecowrap released today (May 26) said that India's growth in the fourth quarter of FY23 is likely to be 5.5 per cent, which would lead to the country's growth for FY23 at 7.1 per cent.
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.
Stock markets: Equity benchmark indices extended their previous day's rally on Friday amid buying in index major Reliance Industries, fresh foreign fund inflows and a largely positive trend in global markets. The 30-share BSE Sensex climbed 178.34 points to 62,050.96 in early trade. The NSE Nifty gained 51.1 points to 18,372. 25.
New Delhi: India has filed an appeal against a recent ruling by a panel of the World Trade Organization (WTO) that it violated global trading rules by imposing tariffs on certain information and technology products. The appeal was filed by India in the WTO's appellate body, which is the final authority on such trade disputes.
With the German economy contracting for two consecutive quarters, India's exports from sectors such as apparels, footwear, and leather goods to the European Union nation are likely to be impacted adversely, according to exporters. Data released by the Federal Statistical Office on Thursday shows that Germany's gross domestic product (GDP) declined by 0.3 percent from January to March. This follows a drop of 0.5 percent in Europe's biggest economy during the last quarter of 2022.
SBI on Indian economy: The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India. State Bank of India's research report, Ecowrap released today (May 26) said that India's growth in the fourth quarter of FY23 is likely to be 5.5 per cent, which would lead to the country's growth for FY23 at 7.1 per cent.
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.
Stock markets: Equity benchmark indices extended their previous day's rally on Friday amid buying in index major Reliance Industries, fresh foreign fund inflows and a largely positive trend in global markets. The 30-share BSE Sensex climbed 178.34 points to 62,050.96 in early trade. The NSE Nifty gained 51.1 points to 18,372. 25.
New Delhi: India has filed an appeal against a recent ruling by a panel of the World Trade Organization (WTO) that it violated global trading rules by imposing tariffs on certain information and technology products. The appeal was filed by India in the WTO's appellate body, which is the final authority on such trade disputes.
With the German economy contracting for two consecutive quarters, India's exports from sectors such as apparels, footwear, and leather goods to the European Union nation are likely to be impacted adversely, according to exporters. Data released by the Federal Statistical Office on Thursday shows that Germany's gross domestic product (GDP) declined by 0.3 percent from January to March. This follows a drop of 0.5 percent in Europe's biggest economy during the last quarter of 2022.
SBI on Indian economy: The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India. State Bank of India's research report, Ecowrap released today (May 26) said that India's growth in the fourth quarter of FY23 is likely to be 5.5 per cent, which would lead to the country's growth for FY23 at 7.1 per cent.
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.
Stock markets: Equity benchmark indices extended their previous day's rally on Friday amid buying in index major Reliance Industries, fresh foreign fund inflows and a largely positive trend in global markets. The 30-share BSE Sensex climbed 178.34 points to 62,050.96 in early trade. The NSE Nifty gained 51.1 points to 18,372. 25.
New Delhi: India has filed an appeal against a recent ruling by a panel of the World Trade Organization (WTO) that it violated global trading rules by imposing tariffs on certain information and technology products. The appeal was filed by India in the WTO's appellate body, which is the final authority on such trade disputes.
With the German economy contracting for two consecutive quarters, India's exports from sectors such as apparels, footwear, and leather goods to the European Union nation are likely to be impacted adversely, according to exporters. Data released by the Federal Statistical Office on Thursday shows that Germany's gross domestic product (GDP) declined by 0.3 percent from January to March. This follows a drop of 0.5 percent in Europe's biggest economy during the last quarter of 2022.
SBI on Indian economy: The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India. State Bank of India's research report, Ecowrap released today (May 26) said that India's growth in the fourth quarter of FY23 is likely to be 5.5 per cent, which would lead to the country's growth for FY23 at 7.1 per cent.
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.
Stock markets: Equity benchmark indices extended their previous day's rally on Friday amid buying in index major Reliance Industries, fresh foreign fund inflows and a largely positive trend in global markets. The 30-share BSE Sensex climbed 178.34 points to 62,050.96 in early trade. The NSE Nifty gained 51.1 points to 18,372. 25.
New Delhi: India has filed an appeal against a recent ruling by a panel of the World Trade Organization (WTO) that it violated global trading rules by imposing tariffs on certain information and technology products. The appeal was filed by India in the WTO's appellate body, which is the final authority on such trade disputes.
With the German economy contracting for two consecutive quarters, India's exports from sectors such as apparels, footwear, and leather goods to the European Union nation are likely to be impacted adversely, according to exporters. Data released by the Federal Statistical Office on Thursday shows that Germany's gross domestic product (GDP) declined by 0.3 percent from January to March. This follows a drop of 0.5 percent in Europe's biggest economy during the last quarter of 2022.
SBI on Indian economy: The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India. State Bank of India's research report, Ecowrap released today (May 26) said that India's growth in the fourth quarter of FY23 is likely to be 5.5 per cent, which would lead to the country's growth for FY23 at 7.1 per cent.
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