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IndiaTV Business: Google News Feed: Digest for May 29, 2023

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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.
New Delhi: Cash-strapped Go First airline, which is undergoing insolvency resolution proceedings, extended its flight cancellations till May 30 due to operational reasons. This comes hours after the airline announced the suspension of flight operations till May 28. However, the airline hoped that it will be able to resume bookings shortly.
Vishwaraj Sugar, a key player in the distilleries, shares have gained in line with broad-based buying in the market to close higher. Although the stock has remained sideways this year, the company has posted good top-line numbers.
Life Insurance: As part of the Insurance Regulatory and Development Authority of India (IRDAI) vision of 'Insurance for All' by 2047, the Indian Insurance industry has collectively come together to drive insurance penetration in Mizoram. Tata AIA Life Insurance and IFFCO-Tokio General Insurance are leading the initiative, supported by Life Insurers and General Insurers from India's Private and Public Sectors.
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.
New Delhi: Cash-strapped Go First airline, which is undergoing insolvency resolution proceedings, extended its flight cancellations till May 30 due to operational reasons. This comes hours after the airline announced the suspension of flight operations till May 28. However, the airline hoped that it will be able to resume bookings shortly.
Vishwaraj Sugar, a key player in the distilleries, shares have gained in line with broad-based buying in the market to close higher. Although the stock has remained sideways this year, the company has posted good top-line numbers.
Life Insurance: As part of the Insurance Regulatory and Development Authority of India (IRDAI) vision of 'Insurance for All' by 2047, the Indian Insurance industry has collectively come together to drive insurance penetration in Mizoram. Tata AIA Life Insurance and IFFCO-Tokio General Insurance are leading the initiative, supported by Life Insurers and General Insurers from India's Private and Public Sectors.
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.
New Delhi: Cash-strapped Go First airline, which is undergoing insolvency resolution proceedings, extended its flight cancellations till May 30 due to operational reasons. This comes hours after the airline announced the suspension of flight operations till May 28. However, the airline hoped that it will be able to resume bookings shortly.
Vishwaraj Sugar, a key player in the distilleries, shares have gained in line with broad-based buying in the market to close higher. Although the stock has remained sideways this year, the company has posted good top-line numbers.
Life Insurance: As part of the Insurance Regulatory and Development Authority of India (IRDAI) vision of 'Insurance for All' by 2047, the Indian Insurance industry has collectively come together to drive insurance penetration in Mizoram. Tata AIA Life Insurance and IFFCO-Tokio General Insurance are leading the initiative, supported by Life Insurers and General Insurers from India's Private and Public Sectors.
New Delhi: Soon personnel from the government ministries, departments, agencies and public sector units will be able to book taxis for official purposes from cab aggregator Uber as the company has partnered with public procurement portal GeM to provide the service.
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.
New Delhi: Cash-strapped Go First airline, which is undergoing insolvency resolution proceedings, extended its flight cancellations till May 30 due to operational reasons. This comes hours after the airline announced the suspension of flight operations till May 28. However, the airline hoped that it will be able to resume bookings shortly.
Vishwaraj Sugar, a key player in the distilleries, shares have gained in line with broad-based buying in the market to close higher. Although the stock has remained sideways this year, the company has posted good top-line numbers.
Life Insurance: As part of the Insurance Regulatory and Development Authority of India (IRDAI) vision of 'Insurance for All' by 2047, the Indian Insurance industry has collectively come together to drive insurance penetration in Mizoram. Tata AIA Life Insurance and IFFCO-Tokio General Insurance are leading the initiative, supported by Life Insurers and General Insurers from India's Private and Public Sectors.
New Delhi: Soon personnel from the government ministries, departments, agencies and public sector units will be able to book taxis for official purposes from cab aggregator Uber as the company has partnered with public procurement portal GeM to provide the service.
Metals company Manaksia Limited has reported a consolidated net profit of Rs 38.1 crore in the January-March quarter mainly on account of higher income, showing an increase of around 18 percent from the last quarter. The company clocked a net profit of Rs 31.8 crore in the quarter ended December 31, 2022.
Hi-Tech Pipes, a leading pipe manufacturer and supplier, has reported a jump of around 40 percent year-on-year in net profit at Rs 15.84 crore in the fourth quarter. The net profit in the corresponding period in the previous fiscal was Rs 11.21 crore.
UPI transactions: PwC India report on Sunday suggested that UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in India. The Indian digital payments market saw steady growth at a CAGR of 50 per cent (volume-wise) and is expected to reach 411 billion transactions in FY 2026-27 from 103 billion in FY 2022-23, the report further said.
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.
New Delhi: Cash-strapped Go First airline, which is undergoing insolvency resolution proceedings, extended its flight cancellations till May 30 due to operational reasons. This comes hours after the airline announced the suspension of flight operations till May 28. However, the airline hoped that it will be able to resume bookings shortly.
Vishwaraj Sugar, a key player in the distilleries, shares have gained in line with broad-based buying in the market to close higher. Although the stock has remained sideways this year, the company has posted good top-line numbers.
Life Insurance: As part of the Insurance Regulatory and Development Authority of India (IRDAI) vision of 'Insurance for All' by 2047, the Indian Insurance industry has collectively come together to drive insurance penetration in Mizoram. Tata AIA Life Insurance and IFFCO-Tokio General Insurance are leading the initiative, supported by Life Insurers and General Insurers from India's Private and Public Sectors.
New Delhi: Soon personnel from the government ministries, departments, agencies and public sector units will be able to book taxis for official purposes from cab aggregator Uber as the company has partnered with public procurement portal GeM to provide the service.
Metals company Manaksia Limited has reported a consolidated net profit of Rs 38.1 crore in the January-March quarter mainly on account of higher income, showing an increase of around 18 percent from the last quarter. The company clocked a net profit of Rs 31.8 crore in the quarter ended December 31, 2022.
Hi-Tech Pipes, a leading pipe manufacturer and supplier, has reported a jump of around 40 percent year-on-year in net profit at Rs 15.84 crore in the fourth quarter. The net profit in the corresponding period in the previous fiscal was Rs 11.21 crore.
UPI transactions: PwC India report on Sunday suggested that UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in India. The Indian digital payments market saw steady growth at a CAGR of 50 per cent (volume-wise) and is expected to reach 411 billion transactions in FY 2026-27 from 103 billion in FY 2022-23, the report further said.
Tax collection in India: While India is not the richest country in the world, the tax collection is one of the highest and the income tax rate should be reduced to 25 per cent from around 40 per cent at present, eminent economist Surjit Bhalla said.
Construction engineering major Salasar Techno Engineering has released its fourth-quarter earnings. According to an exchange filing by the New Delhi-based company, its consolidated net profit in the January-March period more than doubled on a year-on-year basis led by its engineering, procurement and construction (EPC) projects.
New Delhi: Cash-strapped Go First airline, which is undergoing insolvency resolution proceedings, extended its flight cancellations till May 30 due to operational reasons. This comes hours after the airline announced the suspension of flight operations till May 28. However, the airline hoped that it will be able to resume bookings shortly.
Vishwaraj Sugar, a key player in the distilleries, shares have gained in line with broad-based buying in the market to close higher. Although the stock has remained sideways this year, the company has posted good top-line numbers.
Life Insurance: As part of the Insurance Regulatory and Development Authority of India (IRDAI) vision of 'Insurance for All' by 2047, the Indian Insurance industry has collectively come together to drive insurance penetration in Mizoram. Tata AIA Life Insurance and IFFCO-Tokio General Insurance are leading the initiative, supported by Life Insurers and General Insurers from India's Private and Public Sectors.
New Delhi: Soon personnel from the government ministries, departments, agencies and public sector units will be able to book taxis for official purposes from cab aggregator Uber as the company has partnered with public procurement portal GeM to provide the service.
Metals company Manaksia Limited has reported a consolidated net profit of Rs 38.1 crore in the January-March quarter mainly on account of higher income, showing an increase of around 18 percent from the last quarter. The company clocked a net profit of Rs 31.8 crore in the quarter ended December 31, 2022.
Hi-Tech Pipes, a leading pipe manufacturer and supplier, has reported a jump of around 40 percent year-on-year in net profit at Rs 15.84 crore in the fourth quarter. The net profit in the corresponding period in the previous fiscal was Rs 11.21 crore.
UPI transactions: PwC India report on Sunday suggested that UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in India. The Indian digital payments market saw steady growth at a CAGR of 50 per cent (volume-wise) and is expected to reach 411 billion transactions in FY 2026-27 from 103 billion in FY 2022-23, the report further said.
Tax collection in India: While India is not the richest country in the world, the tax collection is one of the highest and the income tax rate should be reduced to 25 per cent from around 40 per cent at present, eminent economist Surjit Bhalla said.
Construction engineering major Salasar Techno Engineering has released its fourth-quarter earnings. According to an exchange filing by the New Delhi-based company, its consolidated net profit in the January-March period more than doubled on a year-on-year basis led by its engineering, procurement and construction (EPC) projects.
Indian markets have been on a roll and are now close to their all-time high which were made on December 1, 2022, on a closing basis and an intra-day basis. These levels were 63,583.07 and 63,284.19 points on BSE Sensex and 18,887.60 points and 18,812.50 points on Nifty. The closing levels on Friday, May 26, were at 62,501.69 points and 18,499.35 points, respectively.
New Delhi: Cash-strapped Go First airline, which is undergoing insolvency resolution proceedings, extended its flight cancellations till May 30 due to operational reasons. This comes hours after the airline announced the suspension of flight operations till May 28. However, the airline hoped that it will be able to resume bookings shortly.
Vishwaraj Sugar, a key player in the distilleries, shares have gained in line with broad-based buying in the market to close higher. Although the stock has remained sideways this year, the company has posted good top-line numbers.
Life Insurance: As part of the Insurance Regulatory and Development Authority of India (IRDAI) vision of 'Insurance for All' by 2047, the Indian Insurance industry has collectively come together to drive insurance penetration in Mizoram. Tata AIA Life Insurance and IFFCO-Tokio General Insurance are leading the initiative, supported by Life Insurers and General Insurers from India's Private and Public Sectors.
New Delhi: Soon personnel from the government ministries, departments, agencies and public sector units will be able to book taxis for official purposes from cab aggregator Uber as the company has partnered with public procurement portal GeM to provide the service.
Metals company Manaksia Limited has reported a consolidated net profit of Rs 38.1 crore in the January-March quarter mainly on account of higher income, showing an increase of around 18 percent from the last quarter. The company clocked a net profit of Rs 31.8 crore in the quarter ended December 31, 2022.
Hi-Tech Pipes, a leading pipe manufacturer and supplier, has reported a jump of around 40 percent year-on-year in net profit at Rs 15.84 crore in the fourth quarter. The net profit in the corresponding period in the previous fiscal was Rs 11.21 crore.
UPI transactions: PwC India report on Sunday suggested that UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in India. The Indian digital payments market saw steady growth at a CAGR of 50 per cent (volume-wise) and is expected to reach 411 billion transactions in FY 2026-27 from 103 billion in FY 2022-23, the report further said.
Tax collection in India: While India is not the richest country in the world, the tax collection is one of the highest and the income tax rate should be reduced to 25 per cent from around 40 per cent at present, eminent economist Surjit Bhalla said.
Construction engineering major Salasar Techno Engineering has released its fourth-quarter earnings. According to an exchange filing by the New Delhi-based company, its consolidated net profit in the January-March period more than doubled on a year-on-year basis led by its engineering, procurement and construction (EPC) projects.
Indian markets have been on a roll and are now close to their all-time high which were made on December 1, 2022, on a closing basis and an intra-day basis. These levels were 63,583.07 and 63,284.19 points on BSE Sensex and 18,887.60 points and 18,812.50 points on Nifty. The closing levels on Friday, May 26, were at 62,501.69 points and 18,499.35 points, respectively.
New Delhi: Cash-strapped Go First airline, which is undergoing insolvency resolution proceedings, extended its flight cancellations till May 30 due to operational reasons. This comes hours after the airline announced the suspension of flight operations till May 28. However, the airline hoped that it will be able to resume bookings shortly.
Vishwaraj Sugar, a key player in the distilleries, shares have gained in line with broad-based buying in the market to close higher. Although the stock has remained sideways this year, the company has posted good top-line numbers.
Life Insurance: As part of the Insurance Regulatory and Development Authority of India (IRDAI) vision of 'Insurance for All' by 2047, the Indian Insurance industry has collectively come together to drive insurance penetration in Mizoram. Tata AIA Life Insurance and IFFCO-Tokio General Insurance are leading the initiative, supported by Life Insurers and General Insurers from India's Private and Public Sectors.
New Delhi: Soon personnel from the government ministries, departments, agencies and public sector units will be able to book taxis for official purposes from cab aggregator Uber as the company has partnered with public procurement portal GeM to provide the service.
Metals company Manaksia Limited has reported a consolidated net profit of Rs 38.1 crore in the January-March quarter mainly on account of higher income, showing an increase of around 18 percent from the last quarter. The company clocked a net profit of Rs 31.8 crore in the quarter ended December 31, 2022.
Hi-Tech Pipes, a leading pipe manufacturer and supplier, has reported a jump of around 40 percent year-on-year in net profit at Rs 15.84 crore in the fourth quarter. The net profit in the corresponding period in the previous fiscal was Rs 11.21 crore.
UPI transactions: PwC India report on Sunday suggested that UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in India. The Indian digital payments market saw steady growth at a CAGR of 50 per cent (volume-wise) and is expected to reach 411 billion transactions in FY 2026-27 from 103 billion in FY 2022-23, the report further said.
Tax collection in India: While India is not the richest country in the world, the tax collection is one of the highest and the income tax rate should be reduced to 25 per cent from around 40 per cent at present, eminent economist Surjit Bhalla said.
Construction engineering major Salasar Techno Engineering has released its fourth-quarter earnings. According to an exchange filing by the New Delhi-based company, its consolidated net profit in the January-March period more than doubled on a year-on-year basis led by its engineering, procurement and construction (EPC) projects.
Indian markets have been on a roll and are now close to their all-time high which were made on December 1, 2022, on a closing basis and an intra-day basis. These levels were 63,583.07 and 63,284.19 points on BSE Sensex and 18,887.60 points and 18,812.50 points on Nifty. The closing levels on Friday, May 26, were at 62,501.69 points and 18,499.35 points, respectively.
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