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IndiaTV Business: Google News Feed: Digest for June 01, 2023

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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.
Stock Markets update: Equity benchmark indices maintained their winning streak for the fourth day running on Tuesday, helped by continuous foreign fund inflows. The 30-share BSE Sensex climbed 131.32 points to 62,977.70 in early trade. The NSE Nifty advanced 49.6 points to 18,648.25.
On the back of sound macroeconomic policies and softer commodity prices, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures, said the Reserve Bank's annual report released on Tuesday. It, however, added that slowing global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility following new stress events in the global financial system could pose downside risks to growth.
India's growth momentum: The Reserve Bank on Tuesday said that India's growth momentum is likely to continue in 2023-24 even as it made a case for pushing structural reforms to deal with the geopolitical developments and also to achieve sustained growth in the medium-term.
Battery tech startup Log9 Materials on Tuesday announced the launch of India's fastest-charging two-wheeler commercial electric vehicle (CEV) in partnership with Hyderabad-headquartered EV firm Quantum Energy.
BCL Industries shares in focus today as the company has announced twin corporate action in its Q4 results. According to a regulatory filing by the Fast-Moving Consumer Goods (FMCG) sector company, the board has approved a dividend and sub-division of shares.
The government plans to set up smaller refineries, Petroleum Minister Hardeep Puri said on Tuesday.

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.
Stock Markets update: Equity benchmark indices maintained their winning streak for the fourth day running on Tuesday, helped by continuous foreign fund inflows. The 30-share BSE Sensex climbed 131.32 points to 62,977.70 in early trade. The NSE Nifty advanced 49.6 points to 18,648.25.
On the back of sound macroeconomic policies and softer commodity prices, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures, said the Reserve Bank's annual report released on Tuesday. It, however, added that slowing global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility following new stress events in the global financial system could pose downside risks to growth.
India's growth momentum: The Reserve Bank on Tuesday said that India's growth momentum is likely to continue in 2023-24 even as it made a case for pushing structural reforms to deal with the geopolitical developments and also to achieve sustained growth in the medium-term.
Battery tech startup Log9 Materials on Tuesday announced the launch of India's fastest-charging two-wheeler commercial electric vehicle (CEV) in partnership with Hyderabad-headquartered EV firm Quantum Energy.
BCL Industries shares in focus today as the company has announced twin corporate action in its Q4 results. According to a regulatory filing by the Fast-Moving Consumer Goods (FMCG) sector company, the board has approved a dividend and sub-division of shares.
The government plans to set up smaller refineries, Petroleum Minister Hardeep Puri said on Tuesday.
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.
Stock Markets update: Equity benchmark indices maintained their winning streak for the fourth day running on Tuesday, helped by continuous foreign fund inflows. The 30-share BSE Sensex climbed 131.32 points to 62,977.70 in early trade. The NSE Nifty advanced 49.6 points to 18,648.25.
On the back of sound macroeconomic policies and softer commodity prices, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures, said the Reserve Bank's annual report released on Tuesday. It, however, added that slowing global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility following new stress events in the global financial system could pose downside risks to growth.
India's growth momentum: The Reserve Bank on Tuesday said that India's growth momentum is likely to continue in 2023-24 even as it made a case for pushing structural reforms to deal with the geopolitical developments and also to achieve sustained growth in the medium-term.
Battery tech startup Log9 Materials on Tuesday announced the launch of India's fastest-charging two-wheeler commercial electric vehicle (CEV) in partnership with Hyderabad-headquartered EV firm Quantum Energy.
BCL Industries shares in focus today as the company has announced twin corporate action in its Q4 results. According to a regulatory filing by the Fast-Moving Consumer Goods (FMCG) sector company, the board has approved a dividend and sub-division of shares.
The government plans to set up smaller refineries, Petroleum Minister Hardeep Puri said on Tuesday.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday after rallying in the past four days amid weak trends in Asian markets. Paring its four-day rally, the 30-share BSE Sensex fell 261.4 points to 62,707.73. The NSE Nifty declined 79.95 points to 18,553.90.
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.
Stock Markets update: Equity benchmark indices maintained their winning streak for the fourth day running on Tuesday, helped by continuous foreign fund inflows. The 30-share BSE Sensex climbed 131.32 points to 62,977.70 in early trade. The NSE Nifty advanced 49.6 points to 18,648.25.
On the back of sound macroeconomic policies and softer commodity prices, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures, said the Reserve Bank's annual report released on Tuesday. It, however, added that slowing global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility following new stress events in the global financial system could pose downside risks to growth.
India's growth momentum: The Reserve Bank on Tuesday said that India's growth momentum is likely to continue in 2023-24 even as it made a case for pushing structural reforms to deal with the geopolitical developments and also to achieve sustained growth in the medium-term.
Battery tech startup Log9 Materials on Tuesday announced the launch of India's fastest-charging two-wheeler commercial electric vehicle (CEV) in partnership with Hyderabad-headquartered EV firm Quantum Energy.
BCL Industries shares in focus today as the company has announced twin corporate action in its Q4 results. According to a regulatory filing by the Fast-Moving Consumer Goods (FMCG) sector company, the board has approved a dividend and sub-division of shares.
The government plans to set up smaller refineries, Petroleum Minister Hardeep Puri said on Tuesday.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday after rallying in the past four days amid weak trends in Asian markets. Paring its four-day rally, the 30-share BSE Sensex fell 261.4 points to 62,707.73. The NSE Nifty declined 79.95 points to 18,553.90.
Mishtann Foods, a leading FMCG company, has reported 7.45 jump in its net profit at Rs 14.13 crore for the fourth quarter and financial year ended on March 31, 2023, according to a filing. In Q4 FY22, the Ahmedabad-based company's profit after tax (PAT) was Rs 13.15 crore. In Q3 FY23, the net profit was Rs 13.70 crore for the company.
On the back of sound macroeconomic policies and softer commodity prices, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures, said the Reserve Bank's annual report released on Tuesday. It, however, added that slowing global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility following new stress events in the global financial system could pose downside risks to growth.
India's growth momentum: The Reserve Bank on Tuesday said that India's growth momentum is likely to continue in 2023-24 even as it made a case for pushing structural reforms to deal with the geopolitical developments and also to achieve sustained growth in the medium-term.
Battery tech startup Log9 Materials on Tuesday announced the launch of India's fastest-charging two-wheeler commercial electric vehicle (CEV) in partnership with Hyderabad-headquartered EV firm Quantum Energy.
BCL Industries shares in focus today as the company has announced twin corporate action in its Q4 results. According to a regulatory filing by the Fast-Moving Consumer Goods (FMCG) sector company, the board has approved a dividend and sub-division of shares.
The government plans to set up smaller refineries, Petroleum Minister Hardeep Puri said on Tuesday.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday after rallying in the past four days amid weak trends in Asian markets. Paring its four-day rally, the 30-share BSE Sensex fell 261.4 points to 62,707.73. The NSE Nifty declined 79.95 points to 18,553.90.
Mishtann Foods, a leading FMCG company, has reported 7.45 jump in its net profit at Rs 14.13 crore for the fourth quarter and financial year ended on March 31, 2023, according to a filing. In Q4 FY22, the Ahmedabad-based company's profit after tax (PAT) was Rs 13.15 crore. In Q3 FY23, the net profit was Rs 13.70 crore for the company.
The Modi government is preparing to give big relief to home buyers across the country. If government sources are to be believed, the Modi government is planning to approve the registry of flats in such projects, which are ready to move in but the builders have gone bankrupt. 
India's GDP Growth: National Statistical Office (NSO) on Wednesday released data mentioning that India's economy grew 6.1 percent in the fourth quarter of 2022-23. Moreover, It has pushed up the annual growth rate to 7.2 percent. The data revealed that the growth in the January-March period was higher than the 4.5 percent expansion in the previous October-December quarter of 2022-23.
Centre's fiscal deficit: Finance Minister Nirmala Sitharaman's anticipation for the Centre's fiscal deficit came true as it narrowed to 6.4 per cent of the GDP in 2022-2023 from 6.71 per cent in FY22. The government earlier aimed to further bring down the fiscal deficit during the current financial year 2023-24 to 5.9 per cent of the GDP.
Battery tech startup Log9 Materials on Tuesday announced the launch of India's fastest-charging two-wheeler commercial electric vehicle (CEV) in partnership with Hyderabad-headquartered EV firm Quantum Energy.
BCL Industries shares in focus today as the company has announced twin corporate action in its Q4 results. According to a regulatory filing by the Fast-Moving Consumer Goods (FMCG) sector company, the board has approved a dividend and sub-division of shares.
The government plans to set up smaller refineries, Petroleum Minister Hardeep Puri said on Tuesday.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday after rallying in the past four days amid weak trends in Asian markets. Paring its four-day rally, the 30-share BSE Sensex fell 261.4 points to 62,707.73. The NSE Nifty declined 79.95 points to 18,553.90.
Mishtann Foods, a leading FMCG company, has reported 7.45 jump in its net profit at Rs 14.13 crore for the fourth quarter and financial year ended on March 31, 2023, according to a filing. In Q4 FY22, the Ahmedabad-based company's profit after tax (PAT) was Rs 13.15 crore. In Q3 FY23, the net profit was Rs 13.70 crore for the company.
The Modi government is preparing to give big relief to home buyers across the country. If government sources are to be believed, the Modi government is planning to approve the registry of flats in such projects, which are ready to move in but the builders have gone bankrupt. 
India's GDP Growth: National Statistical Office (NSO) on Wednesday released data mentioning that India's economy grew 6.1 percent in the fourth quarter of 2022-23. Moreover, It has pushed up the annual growth rate to 7.2 percent. The data revealed that the growth in the January-March period was higher than the 4.5 percent expansion in the previous October-December quarter of 2022-23.
Centre's fiscal deficit: Finance Minister Nirmala Sitharaman's anticipation for the Centre's fiscal deficit came true as it narrowed to 6.4 per cent of the GDP in 2022-2023 from 6.71 per cent in FY22. The government earlier aimed to further bring down the fiscal deficit during the current financial year 2023-24 to 5.9 per cent of the GDP.
The Ministry of Electronics and IT has started a pilot project on electronics repair services outsourcing which it expects to have a revenue potential of USD 20 billion over a period of the next five years.
Go First update: The Directorate General of Civil Aviation (DGCA) has told the Delhi High Court that it was due to a technical glitch on its portal that the applications of several aircraft lessors of cash-strapped Go First airline for de-registration of their aircraft were shown as rejected.
Battery tech startup Log9 Materials on Tuesday announced the launch of India's fastest-charging two-wheeler commercial electric vehicle (CEV) in partnership with Hyderabad-headquartered EV firm Quantum Energy.
BCL Industries shares in focus today as the company has announced twin corporate action in its Q4 results. According to a regulatory filing by the Fast-Moving Consumer Goods (FMCG) sector company, the board has approved a dividend and sub-division of shares.
The government plans to set up smaller refineries, Petroleum Minister Hardeep Puri said on Tuesday.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday after rallying in the past four days amid weak trends in Asian markets. Paring its four-day rally, the 30-share BSE Sensex fell 261.4 points to 62,707.73. The NSE Nifty declined 79.95 points to 18,553.90.
Mishtann Foods, a leading FMCG company, has reported 7.45 jump in its net profit at Rs 14.13 crore for the fourth quarter and financial year ended on March 31, 2023, according to a filing. In Q4 FY22, the Ahmedabad-based company's profit after tax (PAT) was Rs 13.15 crore. In Q3 FY23, the net profit was Rs 13.70 crore for the company.
The Modi government is preparing to give big relief to home buyers across the country. If government sources are to be believed, the Modi government is planning to approve the registry of flats in such projects, which are ready to move in but the builders have gone bankrupt. 
India's GDP Growth: National Statistical Office (NSO) on Wednesday released data mentioning that India's economy grew 6.1 percent in the fourth quarter of 2022-23. Moreover, It has pushed up the annual growth rate to 7.2 percent. The data revealed that the growth in the January-March period was higher than the 4.5 percent expansion in the previous October-December quarter of 2022-23.
Centre's fiscal deficit: Finance Minister Nirmala Sitharaman's anticipation for the Centre's fiscal deficit came true as it narrowed to 6.4 per cent of the GDP in 2022-2023 from 6.71 per cent in FY22. The government earlier aimed to further bring down the fiscal deficit during the current financial year 2023-24 to 5.9 per cent of the GDP.
The Ministry of Electronics and IT has started a pilot project on electronics repair services outsourcing which it expects to have a revenue potential of USD 20 billion over a period of the next five years.
Go First update: The Directorate General of Civil Aviation (DGCA) has told the Delhi High Court that it was due to a technical glitch on its portal that the applications of several aircraft lessors of cash-strapped Go First airline for de-registration of their aircraft were shown as rejected.
Battery tech startup Log9 Materials on Tuesday announced the launch of India's fastest-charging two-wheeler commercial electric vehicle (CEV) in partnership with Hyderabad-headquartered EV firm Quantum Energy.
BCL Industries shares in focus today as the company has announced twin corporate action in its Q4 results. According to a regulatory filing by the Fast-Moving Consumer Goods (FMCG) sector company, the board has approved a dividend and sub-division of shares.
The government plans to set up smaller refineries, Petroleum Minister Hardeep Puri said on Tuesday.
Stock markets update: Equity benchmark indices declined in early trade on Wednesday after rallying in the past four days amid weak trends in Asian markets. Paring its four-day rally, the 30-share BSE Sensex fell 261.4 points to 62,707.73. The NSE Nifty declined 79.95 points to 18,553.90.
Mishtann Foods, a leading FMCG company, has reported 7.45 jump in its net profit at Rs 14.13 crore for the fourth quarter and financial year ended on March 31, 2023, according to a filing. In Q4 FY22, the Ahmedabad-based company's profit after tax (PAT) was Rs 13.15 crore. In Q3 FY23, the net profit was Rs 13.70 crore for the company.
The Modi government is preparing to give big relief to home buyers across the country. If government sources are to be believed, the Modi government is planning to approve the registry of flats in such projects, which are ready to move in but the builders have gone bankrupt. 
India's GDP Growth: National Statistical Office (NSO) on Wednesday released data mentioning that India's economy grew 6.1 percent in the fourth quarter of 2022-23. Moreover, It has pushed up the annual growth rate to 7.2 percent. The data revealed that the growth in the January-March period was higher than the 4.5 percent expansion in the previous October-December quarter of 2022-23.
Centre's fiscal deficit: Finance Minister Nirmala Sitharaman's anticipation for the Centre's fiscal deficit came true as it narrowed to 6.4 per cent of the GDP in 2022-2023 from 6.71 per cent in FY22. The government earlier aimed to further bring down the fiscal deficit during the current financial year 2023-24 to 5.9 per cent of the GDP.
The Ministry of Electronics and IT has started a pilot project on electronics repair services outsourcing which it expects to have a revenue potential of USD 20 billion over a period of the next five years.
Go First update: The Directorate General of Civil Aviation (DGCA) has told the Delhi High Court that it was due to a technical glitch on its portal that the applications of several aircraft lessors of cash-strapped Go First airline for de-registration of their aircraft were shown as rejected.
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