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IndiaTV Business: Google News Feed: Digest for May 30, 2023

IndiaTV Business: Google News Feed

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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.
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.

Sensex jumps 507.22 points to 63,008.91 in early trade

Monday 29 May 2023 04:11 AM UTC+00
Mumbai: Domestic indices BSE Sensex and NSE Nifty 50 opened in the green on Monday amid positive trends in the US markets and continuous foreign fund inflows. The 30-share BSE Sensex climbed 507.22 points to 63,008.91 in early trade. The broader NSE Nifty gained 141.85 points to 18,641.20.
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.

Sensex jumps 507.22 points to 63,008.91 in early trade

Monday 29 May 2023 04:11 AM UTC+00
Mumbai: Domestic indices BSE Sensex and NSE Nifty 50 opened in the green on Monday amid positive trends in the US markets and continuous foreign fund inflows. The 30-share BSE Sensex climbed 507.22 points to 63,008.91 in early trade. The broader NSE Nifty gained 141.85 points to 18,641.20.
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.

Sensex jumps 507.22 points to 63,008.91 in early trade

Monday 29 May 2023 04:11 AM UTC+00
Mumbai: Domestic indices BSE Sensex and NSE Nifty 50 opened in the green on Monday amid positive trends in the US markets and continuous foreign fund inflows. The 30-share BSE Sensex climbed 507.22 points to 63,008.91 in early trade. The broader NSE Nifty gained 141.85 points to 18,641.20.
The Central Bureau of Investigation (CBI) has registered a case against British Aerospace company Rolls Royce India Pvt Ltd, Tim Jones, Director Rolls Royce India Pvt Ltd and private individuals Sudhir Chuadhrie and Bhanu Chaudharie and other unknown public servants and private persons for allegedly trying to cheat the government in the procurement of Hawk Aircraft from Rolls Royce, UK and its associate group companies, including Rolls Royce Turbomeca Limited.
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.

Sensex jumps 507.22 points to 63,008.91 in early trade

Monday 29 May 2023 04:11 AM UTC+00
Mumbai: Domestic indices BSE Sensex and NSE Nifty 50 opened in the green on Monday amid positive trends in the US markets and continuous foreign fund inflows. The 30-share BSE Sensex climbed 507.22 points to 63,008.91 in early trade. The broader NSE Nifty gained 141.85 points to 18,641.20.
The Central Bureau of Investigation (CBI) has registered a case against British Aerospace company Rolls Royce India Pvt Ltd, Tim Jones, Director Rolls Royce India Pvt Ltd and private individuals Sudhir Chuadhrie and Bhanu Chaudharie and other unknown public servants and private persons for allegedly trying to cheat the government in the procurement of Hawk Aircraft from Rolls Royce, UK and its associate group companies, including Rolls Royce Turbomeca Limited.
Air India has informed that they are hiring 550 cabin crew members, 50 pilots every month, consolidating airline operations and growing substantially, airline CEO Campbell Wilson informed on Monday.
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.

Sensex jumps 507.22 points to 63,008.91 in early trade

Monday 29 May 2023 04:11 AM UTC+00
Mumbai: Domestic indices BSE Sensex and NSE Nifty 50 opened in the green on Monday amid positive trends in the US markets and continuous foreign fund inflows. The 30-share BSE Sensex climbed 507.22 points to 63,008.91 in early trade. The broader NSE Nifty gained 141.85 points to 18,641.20.
The Central Bureau of Investigation (CBI) has registered a case against British Aerospace company Rolls Royce India Pvt Ltd, Tim Jones, Director Rolls Royce India Pvt Ltd and private individuals Sudhir Chuadhrie and Bhanu Chaudharie and other unknown public servants and private persons for allegedly trying to cheat the government in the procurement of Hawk Aircraft from Rolls Royce, UK and its associate group companies, including Rolls Royce Turbomeca Limited.
Air India has informed that they are hiring 550 cabin crew members, 50 pilots every month, consolidating airline operations and growing substantially, airline CEO Campbell Wilson informed on Monday.
Apollo Micro Systems Limited has announced the January-March quarter results for the financial year 2022-23. The stock of the aerospace and defence company was recently in focus as it was sub-divided in the 10:1 ratio. It has yielded a multi-bagger return to its investors.
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.

Sensex jumps 507.22 points to 63,008.91 in early trade

Monday 29 May 2023 04:11 AM UTC+00
Mumbai: Domestic indices BSE Sensex and NSE Nifty 50 opened in the green on Monday amid positive trends in the US markets and continuous foreign fund inflows. The 30-share BSE Sensex climbed 507.22 points to 63,008.91 in early trade. The broader NSE Nifty gained 141.85 points to 18,641.20.
The Central Bureau of Investigation (CBI) has registered a case against British Aerospace company Rolls Royce India Pvt Ltd, Tim Jones, Director Rolls Royce India Pvt Ltd and private individuals Sudhir Chuadhrie and Bhanu Chaudharie and other unknown public servants and private persons for allegedly trying to cheat the government in the procurement of Hawk Aircraft from Rolls Royce, UK and its associate group companies, including Rolls Royce Turbomeca Limited.
Air India has informed that they are hiring 550 cabin crew members, 50 pilots every month, consolidating airline operations and growing substantially, airline CEO Campbell Wilson informed on Monday.
Apollo Micro Systems Limited has announced the January-March quarter results for the financial year 2022-23. The stock of the aerospace and defence company was recently in focus as it was sub-divided in the 10:1 ratio. It has yielded a multi-bagger return to its investors.
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