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IndiaTV Business: Google News Feed: Digest for May 04, 2023

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Another US bank fails, set to be acquired by THIS group

Monday 01 May 2023 10:55 AM UTC+00
Regulators seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the US.
New Delhi:  The gross Goods and Services Tax (GST) revenue collection grew by 12 per cent in April to Rs 1.87 lakh crore. It is the highest monthly mop-up since the rollout of the indirect tax regime in July 2017, the Ministry of Finance said in a statement. The previous high collection of Rs 1.68 lakh crore was in April last year.
New Delhi: India's exports to the UAE are expected to rise by about 60 per cent to reach USD 50 billion by 2026-27 from USD 31.3 billion at present on the back of the free trade agreement between the countries, a top government official said on Monday. Commerce Secretary Sunil Barthwal said that trade between India and the UAE has grown significantly after the implementation of the trade agreement on May 1 last year.
New Delhi: Capital markets regulator Sebi has slapped a fine of Rs 10 lakh on brokerage firm Angel Broking Ltd for alleged violation of regulatory norms. Angel Broking Ltd (now known as Angel One Ltd) is a Sebi-registered stock and commodity broker. The firm is listed on both the bourses -- BSE and NSE.
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, today announced financial results for the quarter and financial year ending 31 March 2023. The sale of energy has increased by 58% YoY to 14,880 mn units in FY23 primarily backed by strong capacity addition, analytics-driven O&M enabling high plant availability and deployment of the latest renewable technologies.
Apollo Micro Systems shares on Tuesday locked in the upper circuit of 5 per cent ahead of the sub-division of equity shares. The company has announced to split its shares in the ratio of 10:1, meaning each share will be sub-divided into 10 shares.
International Monetary Fund: The Washington-based fund on Tuesday raised its forecast for dynamic Asia-Pacific claiming a 4.6 per cent growth this year from that of 3.8 per cent recorded in 2022. The International Monetary Fund in its Regional Economic Outlook stated that India and China will play a prominent role in driving global growth. In addition to this, the Asia-Pacific region is projected to contribute around 70 per cent of global growth. 
Around 39% of families have encountered financial fraud over the past three years and just 24% of them got their funds back, a survey conducted by LocalCircles said on Tuesday, as reported by news agency PTI.
Mumbai: Equity benchmarks ended higher on Tuesday mainly due to buying in index heavyweights Infosys and Reliance Industries amid foreign fund inflows. Also, a firm trend in Asian gauges and record GST collection in April added to the optimism.
Paytm row: Amid a massive controversy erupted over Paytm QR codes installed outside the gates of Kedarnath and Badrinath seeking donations from pilgrims, the company issued a clarification on Tuesday, saying it was part of a contract with Badrinath-Kedarnath Temple Committee (BKTC).
New Delhi: Capital markets regulator Sebi has slapped a fine of Rs 10 lakh on brokerage firm Angel Broking Ltd for alleged violation of regulatory norms. Angel Broking Ltd (now known as Angel One Ltd) is a Sebi-registered stock and commodity broker. The firm is listed on both the bourses -- BSE and NSE.
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani Group, today announced financial results for the quarter and financial year ending 31 March 2023. The sale of energy has increased by 58% YoY to 14,880 mn units in FY23 primarily backed by strong capacity addition, analytics-driven O&M enabling high plant availability and deployment of the latest renewable technologies.
Apollo Micro Systems shares on Tuesday locked in the upper circuit of 5 per cent ahead of the sub-division of equity shares. The company has announced to split its shares in the ratio of 10:1, meaning each share will be sub-divided into 10 shares.
International Monetary Fund: The Washington-based fund on Tuesday raised its forecast for dynamic Asia-Pacific claiming a 4.6 per cent growth this year from that of 3.8 per cent recorded in 2022. The International Monetary Fund in its Regional Economic Outlook stated that India and China will play a prominent role in driving global growth. In addition to this, the Asia-Pacific region is projected to contribute around 70 per cent of global growth. 
Around 39% of families have encountered financial fraud over the past three years and just 24% of them got their funds back, a survey conducted by LocalCircles said on Tuesday, as reported by news agency PTI.
Mumbai: Equity benchmarks ended higher on Tuesday mainly due to buying in index heavyweights Infosys and Reliance Industries amid foreign fund inflows. Also, a firm trend in Asian gauges and record GST collection in April added to the optimism.
Paytm row: Amid a massive controversy erupted over Paytm QR codes installed outside the gates of Kedarnath and Badrinath seeking donations from pilgrims, the company issued a clarification on Tuesday, saying it was part of a contract with Badrinath-Kedarnath Temple Committee (BKTC).
Premium specialty chemicals company Vikas Ecotech has informed exchanges that the company has significantly cut its debt in the ongoing quarter of FY24. As par of its debt-reduction plan, the company has paid back Rs 52.20 million approximately.
Hardwyn India Bonus, Split News: Hardwyn India shares are in focus ever since the company approved sub-division of equity shares and bonus issuance. The shares of the architectural hardware maker have climbed 6 per cent in the last five sessions. The company has informed exchanges that it has fixed the record date for the twin corporate actions.
Spicejet business news: Budget carrier SpiceJet has mobilised plan to revive its 25 grounded aircraft. On Wednesday (May 3), it said funds for the revival will be drawn from the government's Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals. The airline has already mobilised around Rs 400 crore towards getting its grounded fleet back in the air, which will further enhance its top line.
International Monetary Fund: The Washington-based fund on Tuesday raised its forecast for dynamic Asia-Pacific claiming a 4.6 per cent growth this year from that of 3.8 per cent recorded in 2022. The International Monetary Fund in its Regional Economic Outlook stated that India and China will play a prominent role in driving global growth. In addition to this, the Asia-Pacific region is projected to contribute around 70 per cent of global growth. 
Around 39% of families have encountered financial fraud over the past three years and just 24% of them got their funds back, a survey conducted by LocalCircles said on Tuesday, as reported by news agency PTI.
Mumbai: Equity benchmarks ended higher on Tuesday mainly due to buying in index heavyweights Infosys and Reliance Industries amid foreign fund inflows. Also, a firm trend in Asian gauges and record GST collection in April added to the optimism.
Paytm row: Amid a massive controversy erupted over Paytm QR codes installed outside the gates of Kedarnath and Badrinath seeking donations from pilgrims, the company issued a clarification on Tuesday, saying it was part of a contract with Badrinath-Kedarnath Temple Committee (BKTC).
Premium specialty chemicals company Vikas Ecotech has informed exchanges that the company has significantly cut its debt in the ongoing quarter of FY24. As par of its debt-reduction plan, the company has paid back Rs 52.20 million approximately.
Hardwyn India Bonus, Split News: Hardwyn India shares are in focus ever since the company approved sub-division of equity shares and bonus issuance. The shares of the architectural hardware maker have climbed 6 per cent in the last five sessions. The company has informed exchanges that it has fixed the record date for the twin corporate actions.
Spicejet business news: Budget carrier SpiceJet has mobilised plan to revive its 25 grounded aircraft. On Wednesday (May 3), it said funds for the revival will be drawn from the government's Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals. The airline has already mobilised around Rs 400 crore towards getting its grounded fleet back in the air, which will further enhance its top line.
A day after India's low-budget airline, Go First, filed for bankruptcy blaming jet engine maker Pratt & Whitney (P&W), the US aerospace major hit back stating that the budget airline has a "lengthy history of missing its financial obligations."
Go First news: Go First chief Kaushik Khona has told employees that the airline has been crippled by recurring Pratt & Whitney engine troubles and assured that the carrier is doing everything possible to navigate the situation with utmost care and concern for all staff.

Air India, Vistara enter interline partnership

Wednesday 03 May 2023 08:48 AM UTC+00
Business news: Air India and Vistara have entered into an interline partnership which would enable passengers to travel between the two airline's network seamlessly. Under this partnership, passengers will now be able to receive their boarding passes at the first point of departure for all the travel sectors on a single ticket, and have their baggage checked-in through to their final destinations.
Paytm row: Amid a massive controversy erupted over Paytm QR codes installed outside the gates of Kedarnath and Badrinath seeking donations from pilgrims, the company issued a clarification on Tuesday, saying it was part of a contract with Badrinath-Kedarnath Temple Committee (BKTC).
Premium specialty chemicals company Vikas Ecotech has informed exchanges that the company has significantly cut its debt in the ongoing quarter of FY24. As par of its debt-reduction plan, the company has paid back Rs 52.20 million approximately.
Hardwyn India Bonus, Split News: Hardwyn India shares are in focus ever since the company approved sub-division of equity shares and bonus issuance. The shares of the architectural hardware maker have climbed 6 per cent in the last five sessions. The company has informed exchanges that it has fixed the record date for the twin corporate actions.
Spicejet business news: Budget carrier SpiceJet has mobilised plan to revive its 25 grounded aircraft. On Wednesday (May 3), it said funds for the revival will be drawn from the government's Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals. The airline has already mobilised around Rs 400 crore towards getting its grounded fleet back in the air, which will further enhance its top line.
A day after India's low-budget airline, Go First, filed for bankruptcy blaming jet engine maker Pratt & Whitney (P&W), the US aerospace major hit back stating that the budget airline has a "lengthy history of missing its financial obligations."
Go First news: Go First chief Kaushik Khona has told employees that the airline has been crippled by recurring Pratt & Whitney engine troubles and assured that the carrier is doing everything possible to navigate the situation with utmost care and concern for all staff.

Air India, Vistara enter interline partnership

Wednesday 03 May 2023 08:48 AM UTC+00
Business news: Air India and Vistara have entered into an interline partnership which would enable passengers to travel between the two airline's network seamlessly. Under this partnership, passengers will now be able to receive their boarding passes at the first point of departure for all the travel sectors on a single ticket, and have their baggage checked-in through to their final destinations.
El Nino impact: Amid concerns over the possible impact of evolving El Nino conditions on monsoon rains, the Centre on Wednesday advised states to be prepared for the "worst situation" and ensure adequate availability of seeds for Kharif sowing season in case of less rainfall.
India's overall coal production stood at 893.08 million tonnes in 2022-23 as compared to 778.19 in 2021-22, showing a growth of 14.78 percent.
Recycling player Gravita India Ltd on Wednesday said it has raised 34 million euros in loan facility from two European developmental financial institutions. Shares of the company surged 10 percent following the announcement.
Paytm row: Amid a massive controversy erupted over Paytm QR codes installed outside the gates of Kedarnath and Badrinath seeking donations from pilgrims, the company issued a clarification on Tuesday, saying it was part of a contract with Badrinath-Kedarnath Temple Committee (BKTC).
Premium specialty chemicals company Vikas Ecotech has informed exchanges that the company has significantly cut its debt in the ongoing quarter of FY24. As par of its debt-reduction plan, the company has paid back Rs 52.20 million approximately.
Hardwyn India Bonus, Split News: Hardwyn India shares are in focus ever since the company approved sub-division of equity shares and bonus issuance. The shares of the architectural hardware maker have climbed 6 per cent in the last five sessions. The company has informed exchanges that it has fixed the record date for the twin corporate actions.
Spicejet business news: Budget carrier SpiceJet has mobilised plan to revive its 25 grounded aircraft. On Wednesday (May 3), it said funds for the revival will be drawn from the government's Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals. The airline has already mobilised around Rs 400 crore towards getting its grounded fleet back in the air, which will further enhance its top line.
A day after India's low-budget airline, Go First, filed for bankruptcy blaming jet engine maker Pratt & Whitney (P&W), the US aerospace major hit back stating that the budget airline has a "lengthy history of missing its financial obligations."
Go First news: Go First chief Kaushik Khona has told employees that the airline has been crippled by recurring Pratt & Whitney engine troubles and assured that the carrier is doing everything possible to navigate the situation with utmost care and concern for all staff.

Air India, Vistara enter interline partnership

Wednesday 03 May 2023 08:48 AM UTC+00
Business news: Air India and Vistara have entered into an interline partnership which would enable passengers to travel between the two airline's network seamlessly. Under this partnership, passengers will now be able to receive their boarding passes at the first point of departure for all the travel sectors on a single ticket, and have their baggage checked-in through to their final destinations.
El Nino impact: Amid concerns over the possible impact of evolving El Nino conditions on monsoon rains, the Centre on Wednesday advised states to be prepared for the "worst situation" and ensure adequate availability of seeds for Kharif sowing season in case of less rainfall.
India's overall coal production stood at 893.08 million tonnes in 2022-23 as compared to 778.19 in 2021-22, showing a growth of 14.78 percent.
Recycling player Gravita India Ltd on Wednesday said it has raised 34 million euros in loan facility from two European developmental financial institutions. Shares of the company surged 10 percent following the announcement.
Paytm row: Amid a massive controversy erupted over Paytm QR codes installed outside the gates of Kedarnath and Badrinath seeking donations from pilgrims, the company issued a clarification on Tuesday, saying it was part of a contract with Badrinath-Kedarnath Temple Committee (BKTC).
Premium specialty chemicals company Vikas Ecotech has informed exchanges that the company has significantly cut its debt in the ongoing quarter of FY24. As par of its debt-reduction plan, the company has paid back Rs 52.20 million approximately.
Hardwyn India Bonus, Split News: Hardwyn India shares are in focus ever since the company approved sub-division of equity shares and bonus issuance. The shares of the architectural hardware maker have climbed 6 per cent in the last five sessions. The company has informed exchanges that it has fixed the record date for the twin corporate actions.
Spicejet business news: Budget carrier SpiceJet has mobilised plan to revive its 25 grounded aircraft. On Wednesday (May 3), it said funds for the revival will be drawn from the government's Emergency Credit Line Guarantee Scheme (ECLGS) and better cash accruals. The airline has already mobilised around Rs 400 crore towards getting its grounded fleet back in the air, which will further enhance its top line.
A day after India's low-budget airline, Go First, filed for bankruptcy blaming jet engine maker Pratt & Whitney (P&W), the US aerospace major hit back stating that the budget airline has a "lengthy history of missing its financial obligations."
Go First news: Go First chief Kaushik Khona has told employees that the airline has been crippled by recurring Pratt & Whitney engine troubles and assured that the carrier is doing everything possible to navigate the situation with utmost care and concern for all staff.

Air India, Vistara enter interline partnership

Wednesday 03 May 2023 08:48 AM UTC+00
Business news: Air India and Vistara have entered into an interline partnership which would enable passengers to travel between the two airline's network seamlessly. Under this partnership, passengers will now be able to receive their boarding passes at the first point of departure for all the travel sectors on a single ticket, and have their baggage checked-in through to their final destinations.
El Nino impact: Amid concerns over the possible impact of evolving El Nino conditions on monsoon rains, the Centre on Wednesday advised states to be prepared for the "worst situation" and ensure adequate availability of seeds for Kharif sowing season in case of less rainfall.
India's overall coal production stood at 893.08 million tonnes in 2022-23 as compared to 778.19 in 2021-22, showing a growth of 14.78 percent.
Recycling player Gravita India Ltd on Wednesday said it has raised 34 million euros in loan facility from two European developmental financial institutions. Shares of the company surged 10 percent following the announcement.
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