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IndiaTV Business: Google News Feed: Digest for May 06, 2023

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Go First bankruptcy: Air India may hire Go First cabin and cockpit crew as part of its mega expansion plans after the news of Go First going into bankruptcy, according to sources. Air India had placed a historic order for about 500 aircraft recently, and it will need crew for the operations.
The Directorate General of Civil Aviation (DGCA) on Thursday directed crisis-hit airline Go First, which has filed for bankruptcy, to process the refunds to passengers as per the timelines specifically stipulated in the relevant regulation.
Lufthansa Airlines News: One of the largest international airlines, Deutsche Lufthansa, on Thursday grounded a third of the 30-strong Airbus SE A220 fleet in Switzerland due to issues with Pratt & Whitney engines. 
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday (May 4) said that it has concluded the Myanmar Port sale for a total consideration of USD 30 million.  In May 2022, APSEZ announced signing of a Share Purchase Agreement (SPA) for the sale of its Myanmar Port. The SPA had certain Condition Precedents (CPs), including completion of the project and relevant approvals for smooth conduct of business by the buyer.
Premium specialty chemicals company Vikas Ecotech has announced to foray into into green-enviro-friendly infra projects. The company has informed exchanges that it has joined hands with Nice Apartment Constructions, a part of Unity Group.

Markets rebound; Sensex, Nifty climb nearly 1 pc

Thursday 04 May 2023 11:11 AM UTC+00
Mumbai: Equity benchmark indices ended nearly 1 per cent higher on Thursday amid continuous foreign fund inflows and buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 555.95 points or 0.91 per cent to settle at 61,749.25. During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91.
ADB Annual Meeting: Union Finance Minister Nirmala Sitharaman has invited investors to become a part of the journey of the Indian economy in Amrit Kaal, the 25-year journey towards its centenary as a modern nation, saying it is full of new opportunities for growth and investments.
IndiGo on Thursday said its Airbus aircraft are expected to be a bit lighter in weight following aviation safety regulator DGCA granting it approval to remove Technical Paper Manuals. The regulatory nod allows the airline to remove Technical Paper Manuals weighing 40 kg from each aircraft cockpit of its Airbus fleet, IndiGo said in a statement.
New Delhi: Vistara, the Indian full-service carrier, announced on Thursday (May 4) that it has become the first Indian airline to operate a commercial domestic flight on a wide-body aircraft using sustainable aviation fuel (SAF). As per the airlines,  it operated a Boeing 787 aircraft on the Delhi-Mumbai route using sustainable aviation fuel.

RBI updates KYC instructions on wire transfers

Thursday 04 May 2023 04:19 PM UTC+00
Mumbai: The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the originator and beneficiary. The central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF).
Go First bankruptcy: Air India may hire Go First cabin and cockpit crew as part of its mega expansion plans after the news of Go First going into bankruptcy, according to sources. Air India had placed a historic order for about 500 aircraft recently, and it will need crew for the operations.
The Directorate General of Civil Aviation (DGCA) on Thursday directed crisis-hit airline Go First, which has filed for bankruptcy, to process the refunds to passengers as per the timelines specifically stipulated in the relevant regulation.
Lufthansa Airlines News: One of the largest international airlines, Deutsche Lufthansa, on Thursday grounded a third of the 30-strong Airbus SE A220 fleet in Switzerland due to issues with Pratt & Whitney engines. 
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday (May 4) said that it has concluded the Myanmar Port sale for a total consideration of USD 30 million.  In May 2022, APSEZ announced signing of a Share Purchase Agreement (SPA) for the sale of its Myanmar Port. The SPA had certain Condition Precedents (CPs), including completion of the project and relevant approvals for smooth conduct of business by the buyer.
Premium specialty chemicals company Vikas Ecotech has announced to foray into into green-enviro-friendly infra projects. The company has informed exchanges that it has joined hands with Nice Apartment Constructions, a part of Unity Group.

Markets rebound; Sensex, Nifty climb nearly 1 pc

Thursday 04 May 2023 11:11 AM UTC+00
Mumbai: Equity benchmark indices ended nearly 1 per cent higher on Thursday amid continuous foreign fund inflows and buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 555.95 points or 0.91 per cent to settle at 61,749.25. During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91.
ADB Annual Meeting: Union Finance Minister Nirmala Sitharaman has invited investors to become a part of the journey of the Indian economy in Amrit Kaal, the 25-year journey towards its centenary as a modern nation, saying it is full of new opportunities for growth and investments.
IndiGo on Thursday said its Airbus aircraft are expected to be a bit lighter in weight following aviation safety regulator DGCA granting it approval to remove Technical Paper Manuals. The regulatory nod allows the airline to remove Technical Paper Manuals weighing 40 kg from each aircraft cockpit of its Airbus fleet, IndiGo said in a statement.
New Delhi: Vistara, the Indian full-service carrier, announced on Thursday (May 4) that it has become the first Indian airline to operate a commercial domestic flight on a wide-body aircraft using sustainable aviation fuel (SAF). As per the airlines,  it operated a Boeing 787 aircraft on the Delhi-Mumbai route using sustainable aviation fuel.

RBI updates KYC instructions on wire transfers

Thursday 04 May 2023 04:19 PM UTC+00
Mumbai: The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the originator and beneficiary. The central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF).
Go First bankruptcy: Air India may hire Go First cabin and cockpit crew as part of its mega expansion plans after the news of Go First going into bankruptcy, according to sources. Air India had placed a historic order for about 500 aircraft recently, and it will need crew for the operations.
The Directorate General of Civil Aviation (DGCA) on Thursday directed crisis-hit airline Go First, which has filed for bankruptcy, to process the refunds to passengers as per the timelines specifically stipulated in the relevant regulation.
Lufthansa Airlines News: One of the largest international airlines, Deutsche Lufthansa, on Thursday grounded a third of the 30-strong Airbus SE A220 fleet in Switzerland due to issues with Pratt & Whitney engines. 
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday (May 4) said that it has concluded the Myanmar Port sale for a total consideration of USD 30 million.  In May 2022, APSEZ announced signing of a Share Purchase Agreement (SPA) for the sale of its Myanmar Port. The SPA had certain Condition Precedents (CPs), including completion of the project and relevant approvals for smooth conduct of business by the buyer.
Premium specialty chemicals company Vikas Ecotech has announced to foray into into green-enviro-friendly infra projects. The company has informed exchanges that it has joined hands with Nice Apartment Constructions, a part of Unity Group.

Markets rebound; Sensex, Nifty climb nearly 1 pc

Thursday 04 May 2023 11:11 AM UTC+00
Mumbai: Equity benchmark indices ended nearly 1 per cent higher on Thursday amid continuous foreign fund inflows and buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 555.95 points or 0.91 per cent to settle at 61,749.25. During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91.
ADB Annual Meeting: Union Finance Minister Nirmala Sitharaman has invited investors to become a part of the journey of the Indian economy in Amrit Kaal, the 25-year journey towards its centenary as a modern nation, saying it is full of new opportunities for growth and investments.
IndiGo on Thursday said its Airbus aircraft are expected to be a bit lighter in weight following aviation safety regulator DGCA granting it approval to remove Technical Paper Manuals. The regulatory nod allows the airline to remove Technical Paper Manuals weighing 40 kg from each aircraft cockpit of its Airbus fleet, IndiGo said in a statement.
New Delhi: Vistara, the Indian full-service carrier, announced on Thursday (May 4) that it has become the first Indian airline to operate a commercial domestic flight on a wide-body aircraft using sustainable aviation fuel (SAF). As per the airlines,  it operated a Boeing 787 aircraft on the Delhi-Mumbai route using sustainable aviation fuel.

RBI updates KYC instructions on wire transfers

Thursday 04 May 2023 04:19 PM UTC+00
Mumbai: The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the originator and beneficiary. The central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF).
Go First bankruptcy: Air India may hire Go First cabin and cockpit crew as part of its mega expansion plans after the news of Go First going into bankruptcy, according to sources. Air India had placed a historic order for about 500 aircraft recently, and it will need crew for the operations.
The Directorate General of Civil Aviation (DGCA) on Thursday directed crisis-hit airline Go First, which has filed for bankruptcy, to process the refunds to passengers as per the timelines specifically stipulated in the relevant regulation.
Lufthansa Airlines News: One of the largest international airlines, Deutsche Lufthansa, on Thursday grounded a third of the 30-strong Airbus SE A220 fleet in Switzerland due to issues with Pratt & Whitney engines. 
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday (May 4) said that it has concluded the Myanmar Port sale for a total consideration of USD 30 million.  In May 2022, APSEZ announced signing of a Share Purchase Agreement (SPA) for the sale of its Myanmar Port. The SPA had certain Condition Precedents (CPs), including completion of the project and relevant approvals for smooth conduct of business by the buyer.
Premium specialty chemicals company Vikas Ecotech has announced to foray into into green-enviro-friendly infra projects. The company has informed exchanges that it has joined hands with Nice Apartment Constructions, a part of Unity Group.

Markets rebound; Sensex, Nifty climb nearly 1 pc

Thursday 04 May 2023 11:11 AM UTC+00
Mumbai: Equity benchmark indices ended nearly 1 per cent higher on Thursday amid continuous foreign fund inflows and buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 555.95 points or 0.91 per cent to settle at 61,749.25. During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91.
ADB Annual Meeting: Union Finance Minister Nirmala Sitharaman has invited investors to become a part of the journey of the Indian economy in Amrit Kaal, the 25-year journey towards its centenary as a modern nation, saying it is full of new opportunities for growth and investments.
IndiGo on Thursday said its Airbus aircraft are expected to be a bit lighter in weight following aviation safety regulator DGCA granting it approval to remove Technical Paper Manuals. The regulatory nod allows the airline to remove Technical Paper Manuals weighing 40 kg from each aircraft cockpit of its Airbus fleet, IndiGo said in a statement.
New Delhi: Vistara, the Indian full-service carrier, announced on Thursday (May 4) that it has become the first Indian airline to operate a commercial domestic flight on a wide-body aircraft using sustainable aviation fuel (SAF). As per the airlines,  it operated a Boeing 787 aircraft on the Delhi-Mumbai route using sustainable aviation fuel.

RBI updates KYC instructions on wire transfers

Thursday 04 May 2023 04:19 PM UTC+00
Mumbai: The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the originator and beneficiary. The central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF).
Lufthansa Airlines News: One of the largest international airlines, Deutsche Lufthansa, on Thursday grounded a third of the 30-strong Airbus SE A220 fleet in Switzerland due to issues with Pratt & Whitney engines. 
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday (May 4) said that it has concluded the Myanmar Port sale for a total consideration of USD 30 million.  In May 2022, APSEZ announced signing of a Share Purchase Agreement (SPA) for the sale of its Myanmar Port. The SPA had certain Condition Precedents (CPs), including completion of the project and relevant approvals for smooth conduct of business by the buyer.
Premium specialty chemicals company Vikas Ecotech has announced to foray into into green-enviro-friendly infra projects. The company has informed exchanges that it has joined hands with Nice Apartment Constructions, a part of Unity Group.

Markets rebound; Sensex, Nifty climb nearly 1 pc

Thursday 04 May 2023 11:11 AM UTC+00
Mumbai: Equity benchmark indices ended nearly 1 per cent higher on Thursday amid continuous foreign fund inflows and buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 555.95 points or 0.91 per cent to settle at 61,749.25. During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91.
ADB Annual Meeting: Union Finance Minister Nirmala Sitharaman has invited investors to become a part of the journey of the Indian economy in Amrit Kaal, the 25-year journey towards its centenary as a modern nation, saying it is full of new opportunities for growth and investments.
IndiGo on Thursday said its Airbus aircraft are expected to be a bit lighter in weight following aviation safety regulator DGCA granting it approval to remove Technical Paper Manuals. The regulatory nod allows the airline to remove Technical Paper Manuals weighing 40 kg from each aircraft cockpit of its Airbus fleet, IndiGo said in a statement.
New Delhi: Vistara, the Indian full-service carrier, announced on Thursday (May 4) that it has become the first Indian airline to operate a commercial domestic flight on a wide-body aircraft using sustainable aviation fuel (SAF). As per the airlines,  it operated a Boeing 787 aircraft on the Delhi-Mumbai route using sustainable aviation fuel.

RBI updates KYC instructions on wire transfers

Thursday 04 May 2023 04:19 PM UTC+00
Mumbai: The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the originator and beneficiary. The central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF).

Sensex, Nifty fall over 1 pc on selling in HDFC twins

Friday 05 May 2023 10:59 AM UTC+00
Mumbai: Benchmark equity indices Sensex and Nifty declined more than 1 per cent at close on Friday dragged down by a heavy sell-off in index major HDFC twins. The 30-share BSE Sensex tanked 694.96 points or 1.13 per cent to settle at 61,054.29. During the day, it plunged 747.08 points or 1.20 per cent to 61,002.17.
iPhone maker Apple, recorded a new sales benchmark and grew very strong in January-March quarter. The company sold iPhones worth $51.3 billion in its March quarter, a record for the company, and iPhone 14 and 14.
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday (May 4) said that it has concluded the Myanmar Port sale for a total consideration of USD 30 million.  In May 2022, APSEZ announced signing of a Share Purchase Agreement (SPA) for the sale of its Myanmar Port. The SPA had certain Condition Precedents (CPs), including completion of the project and relevant approvals for smooth conduct of business by the buyer.
Premium specialty chemicals company Vikas Ecotech has announced to foray into into green-enviro-friendly infra projects. The company has informed exchanges that it has joined hands with Nice Apartment Constructions, a part of Unity Group.

Markets rebound; Sensex, Nifty climb nearly 1 pc

Thursday 04 May 2023 11:11 AM UTC+00
Mumbai: Equity benchmark indices ended nearly 1 per cent higher on Thursday amid continuous foreign fund inflows and buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 555.95 points or 0.91 per cent to settle at 61,749.25. During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91.
ADB Annual Meeting: Union Finance Minister Nirmala Sitharaman has invited investors to become a part of the journey of the Indian economy in Amrit Kaal, the 25-year journey towards its centenary as a modern nation, saying it is full of new opportunities for growth and investments.
IndiGo on Thursday said its Airbus aircraft are expected to be a bit lighter in weight following aviation safety regulator DGCA granting it approval to remove Technical Paper Manuals. The regulatory nod allows the airline to remove Technical Paper Manuals weighing 40 kg from each aircraft cockpit of its Airbus fleet, IndiGo said in a statement.
New Delhi: Vistara, the Indian full-service carrier, announced on Thursday (May 4) that it has become the first Indian airline to operate a commercial domestic flight on a wide-body aircraft using sustainable aviation fuel (SAF). As per the airlines,  it operated a Boeing 787 aircraft on the Delhi-Mumbai route using sustainable aviation fuel.

RBI updates KYC instructions on wire transfers

Thursday 04 May 2023 04:19 PM UTC+00
Mumbai: The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the originator and beneficiary. The central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF).

Sensex, Nifty fall over 1 pc on selling in HDFC twins

Friday 05 May 2023 10:59 AM UTC+00
Mumbai: Benchmark equity indices Sensex and Nifty declined more than 1 per cent at close on Friday dragged down by a heavy sell-off in index major HDFC twins. The 30-share BSE Sensex tanked 694.96 points or 1.13 per cent to settle at 61,054.29. During the day, it plunged 747.08 points or 1.20 per cent to 61,002.17.
iPhone maker Apple, recorded a new sales benchmark and grew very strong in January-March quarter. The company sold iPhones worth $51.3 billion in its March quarter, a record for the company, and iPhone 14 and 14.
Washington: Wall Street climbed on Friday ahead of new data on US jobs after a rough week for banks that have been caught up in the Fed's fight against inflation. Futures for the Dow Jones industrials rose 0.5 per cent before the bell and the S and P 500 edged 0.7 per cent higher.
Premium specialty chemicals company Vikas Ecotech has announced to foray into into green-enviro-friendly infra projects. The company has informed exchanges that it has joined hands with Nice Apartment Constructions, a part of Unity Group.

Markets rebound; Sensex, Nifty climb nearly 1 pc

Thursday 04 May 2023 11:11 AM UTC+00
Mumbai: Equity benchmark indices ended nearly 1 per cent higher on Thursday amid continuous foreign fund inflows and buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 555.95 points or 0.91 per cent to settle at 61,749.25. During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91.
ADB Annual Meeting: Union Finance Minister Nirmala Sitharaman has invited investors to become a part of the journey of the Indian economy in Amrit Kaal, the 25-year journey towards its centenary as a modern nation, saying it is full of new opportunities for growth and investments.
IndiGo on Thursday said its Airbus aircraft are expected to be a bit lighter in weight following aviation safety regulator DGCA granting it approval to remove Technical Paper Manuals. The regulatory nod allows the airline to remove Technical Paper Manuals weighing 40 kg from each aircraft cockpit of its Airbus fleet, IndiGo said in a statement.
New Delhi: Vistara, the Indian full-service carrier, announced on Thursday (May 4) that it has become the first Indian airline to operate a commercial domestic flight on a wide-body aircraft using sustainable aviation fuel (SAF). As per the airlines,  it operated a Boeing 787 aircraft on the Delhi-Mumbai route using sustainable aviation fuel.

RBI updates KYC instructions on wire transfers

Thursday 04 May 2023 04:19 PM UTC+00
Mumbai: The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the originator and beneficiary. The central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF).

Sensex, Nifty fall over 1 pc on selling in HDFC twins

Friday 05 May 2023 10:59 AM UTC+00
Mumbai: Benchmark equity indices Sensex and Nifty declined more than 1 per cent at close on Friday dragged down by a heavy sell-off in index major HDFC twins. The 30-share BSE Sensex tanked 694.96 points or 1.13 per cent to settle at 61,054.29. During the day, it plunged 747.08 points or 1.20 per cent to 61,002.17.
iPhone maker Apple, recorded a new sales benchmark and grew very strong in January-March quarter. The company sold iPhones worth $51.3 billion in its March quarter, a record for the company, and iPhone 14 and 14.
Washington: Wall Street climbed on Friday ahead of new data on US jobs after a rough week for banks that have been caught up in the Fed's fight against inflation. Futures for the Dow Jones industrials rose 0.5 per cent before the bell and the S and P 500 edged 0.7 per cent higher.
Go First airline has cancelled all its flights till May 12, 2023 "due to operational reasons". The company is facing a severe funds crisis due to the non-availability of engines.
Premium specialty chemicals company Vikas Ecotech has announced to foray into into green-enviro-friendly infra projects. The company has informed exchanges that it has joined hands with Nice Apartment Constructions, a part of Unity Group.

Markets rebound; Sensex, Nifty climb nearly 1 pc

Thursday 04 May 2023 11:11 AM UTC+00
Mumbai: Equity benchmark indices ended nearly 1 per cent higher on Thursday amid continuous foreign fund inflows and buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 555.95 points or 0.91 per cent to settle at 61,749.25. During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91.
ADB Annual Meeting: Union Finance Minister Nirmala Sitharaman has invited investors to become a part of the journey of the Indian economy in Amrit Kaal, the 25-year journey towards its centenary as a modern nation, saying it is full of new opportunities for growth and investments.
IndiGo on Thursday said its Airbus aircraft are expected to be a bit lighter in weight following aviation safety regulator DGCA granting it approval to remove Technical Paper Manuals. The regulatory nod allows the airline to remove Technical Paper Manuals weighing 40 kg from each aircraft cockpit of its Airbus fleet, IndiGo said in a statement.
New Delhi: Vistara, the Indian full-service carrier, announced on Thursday (May 4) that it has become the first Indian airline to operate a commercial domestic flight on a wide-body aircraft using sustainable aviation fuel (SAF). As per the airlines,  it operated a Boeing 787 aircraft on the Delhi-Mumbai route using sustainable aviation fuel.

RBI updates KYC instructions on wire transfers

Thursday 04 May 2023 04:19 PM UTC+00
Mumbai: The Reserve Bank on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the originator and beneficiary. The central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF).

Sensex, Nifty fall over 1 pc on selling in HDFC twins

Friday 05 May 2023 10:59 AM UTC+00
Mumbai: Benchmark equity indices Sensex and Nifty declined more than 1 per cent at close on Friday dragged down by a heavy sell-off in index major HDFC twins. The 30-share BSE Sensex tanked 694.96 points or 1.13 per cent to settle at 61,054.29. During the day, it plunged 747.08 points or 1.20 per cent to 61,002.17.
iPhone maker Apple, recorded a new sales benchmark and grew very strong in January-March quarter. The company sold iPhones worth $51.3 billion in its March quarter, a record for the company, and iPhone 14 and 14.
Washington: Wall Street climbed on Friday ahead of new data on US jobs after a rough week for banks that have been caught up in the Fed's fight against inflation. Futures for the Dow Jones industrials rose 0.5 per cent before the bell and the S and P 500 edged 0.7 per cent higher.
Go First airline has cancelled all its flights till May 12, 2023 "due to operational reasons". The company is facing a severe funds crisis due to the non-availability of engines.
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