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IndiaTV Business: Google News Feed: Digest for May 09, 2023

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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.
Business news: India's foreign exchange reserves rose by USD 4.532 billion to USD 588.780 billion on a weekly basis as of April 28, according to the Reserve Bank of India's data. During the prior week ended on April 21, the foreign exchange reserves fell by USD 2.16 billion to USD 584.24 billion. In the week to April 14, they rose by USD 1.657 billion to USD 586.412 billion, witnessing a level not seen in more than nine months.
Greenply Industries Ltd, the leading ply manufacturing in India, on Saturday, dispatched its first consignment of Medium Density Fiberboard (MDF) from its state-of-the-art plant at Vadodara to various parts of the country. During a special event, around 20,000 CBM MDF loaded in 101 trucks were dispatched.
Tribal Health Summit: ECHO India, a non-profit trust dedicated to improving healthcare outcomes in India through capacity building, has partnered with AIIMS Deoghar, a premier medical institution in the country, to host a Nationwide Summit on Tribal Health. The summit brought together experts, policymakers, and stakeholders to discuss the challenges facing the tribal communities in accessing quality healthcare and explore potential solutions.
Stock Market Updates: Foreign portfolio investors (FPIs) are playing a significant role in the Indian market as they continue to be buyers of Indian equities in May and invested Rs 10,850 crore in the last four trading sessions. Due to the stable macroeconomic environment, robust GST collection and better-than-expected corporate quarterly earnings in the country, FPIs are showing great interest in Indian equities.
Business news; India's gold imports, which have a bearing on the current account deficit, dipped 24.15 per cent to USD 35 billion in 2022-23 due to global economic uncertainties, according to data from the commerce ministry. Imports of the yellow metal stood at USD 46.2 billion in 2021-22.

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.
Business news: India's foreign exchange reserves rose by USD 4.532 billion to USD 588.780 billion on a weekly basis as of April 28, according to the Reserve Bank of India's data. During the prior week ended on April 21, the foreign exchange reserves fell by USD 2.16 billion to USD 584.24 billion. In the week to April 14, they rose by USD 1.657 billion to USD 586.412 billion, witnessing a level not seen in more than nine months.
Greenply Industries Ltd, the leading ply manufacturing in India, on Saturday, dispatched its first consignment of Medium Density Fiberboard (MDF) from its state-of-the-art plant at Vadodara to various parts of the country. During a special event, around 20,000 CBM MDF loaded in 101 trucks were dispatched.
Tribal Health Summit: ECHO India, a non-profit trust dedicated to improving healthcare outcomes in India through capacity building, has partnered with AIIMS Deoghar, a premier medical institution in the country, to host a Nationwide Summit on Tribal Health. The summit brought together experts, policymakers, and stakeholders to discuss the challenges facing the tribal communities in accessing quality healthcare and explore potential solutions.
Stock Market Updates: Foreign portfolio investors (FPIs) are playing a significant role in the Indian market as they continue to be buyers of Indian equities in May and invested Rs 10,850 crore in the last four trading sessions. Due to the stable macroeconomic environment, robust GST collection and better-than-expected corporate quarterly earnings in the country, FPIs are showing great interest in Indian equities.
Business news; India's gold imports, which have a bearing on the current account deficit, dipped 24.15 per cent to USD 35 billion in 2022-23 due to global economic uncertainties, according to data from the commerce ministry. Imports of the yellow metal stood at USD 46.2 billion in 2021-22.
Servotech Power Systems shares have turned multibagger in the past one year. The Delhi-based company manufactures UPS, inverter and other solar products including EV chargers. The company's total revenue in the financial year 2022-23 has more than doubled.

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.
Business news: India's foreign exchange reserves rose by USD 4.532 billion to USD 588.780 billion on a weekly basis as of April 28, according to the Reserve Bank of India's data. During the prior week ended on April 21, the foreign exchange reserves fell by USD 2.16 billion to USD 584.24 billion. In the week to April 14, they rose by USD 1.657 billion to USD 586.412 billion, witnessing a level not seen in more than nine months.
Greenply Industries Ltd, the leading ply manufacturing in India, on Saturday, dispatched its first consignment of Medium Density Fiberboard (MDF) from its state-of-the-art plant at Vadodara to various parts of the country. During a special event, around 20,000 CBM MDF loaded in 101 trucks were dispatched.
Tribal Health Summit: ECHO India, a non-profit trust dedicated to improving healthcare outcomes in India through capacity building, has partnered with AIIMS Deoghar, a premier medical institution in the country, to host a Nationwide Summit on Tribal Health. The summit brought together experts, policymakers, and stakeholders to discuss the challenges facing the tribal communities in accessing quality healthcare and explore potential solutions.
Stock Market Updates: Foreign portfolio investors (FPIs) are playing a significant role in the Indian market as they continue to be buyers of Indian equities in May and invested Rs 10,850 crore in the last four trading sessions. Due to the stable macroeconomic environment, robust GST collection and better-than-expected corporate quarterly earnings in the country, FPIs are showing great interest in Indian equities.
Business news; India's gold imports, which have a bearing on the current account deficit, dipped 24.15 per cent to USD 35 billion in 2022-23 due to global economic uncertainties, according to data from the commerce ministry. Imports of the yellow metal stood at USD 46.2 billion in 2021-22.
Servotech Power Systems shares have turned multibagger in the past one year. The Delhi-based company manufactures UPS, inverter and other solar products including EV chargers. The company's total revenue in the financial year 2022-23 has more than doubled.
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.
Business news: India's foreign exchange reserves rose by USD 4.532 billion to USD 588.780 billion on a weekly basis as of April 28, according to the Reserve Bank of India's data. During the prior week ended on April 21, the foreign exchange reserves fell by USD 2.16 billion to USD 584.24 billion. In the week to April 14, they rose by USD 1.657 billion to USD 586.412 billion, witnessing a level not seen in more than nine months.
Greenply Industries Ltd, the leading ply manufacturing in India, on Saturday, dispatched its first consignment of Medium Density Fiberboard (MDF) from its state-of-the-art plant at Vadodara to various parts of the country. During a special event, around 20,000 CBM MDF loaded in 101 trucks were dispatched.
Tribal Health Summit: ECHO India, a non-profit trust dedicated to improving healthcare outcomes in India through capacity building, has partnered with AIIMS Deoghar, a premier medical institution in the country, to host a Nationwide Summit on Tribal Health. The summit brought together experts, policymakers, and stakeholders to discuss the challenges facing the tribal communities in accessing quality healthcare and explore potential solutions.
Stock Market Updates: Foreign portfolio investors (FPIs) are playing a significant role in the Indian market as they continue to be buyers of Indian equities in May and invested Rs 10,850 crore in the last four trading sessions. Due to the stable macroeconomic environment, robust GST collection and better-than-expected corporate quarterly earnings in the country, FPIs are showing great interest in Indian equities.
Business news; India's gold imports, which have a bearing on the current account deficit, dipped 24.15 per cent to USD 35 billion in 2022-23 due to global economic uncertainties, according to data from the commerce ministry. Imports of the yellow metal stood at USD 46.2 billion in 2021-22.
Servotech Power Systems shares have turned multibagger in the past one year. The Delhi-based company manufactures UPS, inverter and other solar products including EV chargers. The company's total revenue in the financial year 2022-23 has more than doubled.

Biotech firm Twist Bioscience lays off 25% of workforce

Monday 08 May 2023 08:11 AM UTC+00
Twist Bioscience Corporation, a leading biotechnology company, announced on Monday to lay off about 25 percent of its workforce in a bid to accelerate its path to profitability. The company, which enables customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, is all set to wave bid adieu to close to 270 of its employees in the latest round of layoffs.  
The Directorate General of Civil Aviation on Monday ordered Crisis-hit airline Go First to stop selling air  tickets with immediate effect until further instructions.
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.
Business news: India's foreign exchange reserves rose by USD 4.532 billion to USD 588.780 billion on a weekly basis as of April 28, according to the Reserve Bank of India's data. During the prior week ended on April 21, the foreign exchange reserves fell by USD 2.16 billion to USD 584.24 billion. In the week to April 14, they rose by USD 1.657 billion to USD 586.412 billion, witnessing a level not seen in more than nine months.
Greenply Industries Ltd, the leading ply manufacturing in India, on Saturday, dispatched its first consignment of Medium Density Fiberboard (MDF) from its state-of-the-art plant at Vadodara to various parts of the country. During a special event, around 20,000 CBM MDF loaded in 101 trucks were dispatched.
Tribal Health Summit: ECHO India, a non-profit trust dedicated to improving healthcare outcomes in India through capacity building, has partnered with AIIMS Deoghar, a premier medical institution in the country, to host a Nationwide Summit on Tribal Health. The summit brought together experts, policymakers, and stakeholders to discuss the challenges facing the tribal communities in accessing quality healthcare and explore potential solutions.
Stock Market Updates: Foreign portfolio investors (FPIs) are playing a significant role in the Indian market as they continue to be buyers of Indian equities in May and invested Rs 10,850 crore in the last four trading sessions. Due to the stable macroeconomic environment, robust GST collection and better-than-expected corporate quarterly earnings in the country, FPIs are showing great interest in Indian equities.
Business news; India's gold imports, which have a bearing on the current account deficit, dipped 24.15 per cent to USD 35 billion in 2022-23 due to global economic uncertainties, according to data from the commerce ministry. Imports of the yellow metal stood at USD 46.2 billion in 2021-22.
Servotech Power Systems shares have turned multibagger in the past one year. The Delhi-based company manufactures UPS, inverter and other solar products including EV chargers. The company's total revenue in the financial year 2022-23 has more than doubled.

Biotech firm Twist Bioscience lays off 25% of workforce

Monday 08 May 2023 08:11 AM UTC+00
Twist Bioscience Corporation, a leading biotechnology company, announced on Monday to lay off about 25 percent of its workforce in a bid to accelerate its path to profitability. The company, which enables customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, is all set to wave bid adieu to close to 270 of its employees in the latest round of layoffs.  
The Directorate General of Civil Aviation on Monday ordered Crisis-hit airline Go First to stop selling air  tickets with immediate effect until further instructions.
Mumbai: Equity benchmark BSE Sensex rebounded more than 1 per cent while Nifty reclaimed the 18,200 level on Monday, boosted by heavy buying in banking, financial and auto stocks amid a rally in global stock markets. Besides, continuous foreign fund inflows further bolstered sentiment, traders said. The 30-share BSE Sensex rallied 709.96 points or 1.16 per cent to settle at 61,764.25. During the day, it jumped 799.9 points or 1.31 per cent to 61,854.19.
Greenply Industries Ltd, the leading ply manufacturing in India, on Saturday, dispatched its first consignment of Medium Density Fiberboard (MDF) from its state-of-the-art plant at Vadodara to various parts of the country. During a special event, around 20,000 CBM MDF loaded in 101 trucks were dispatched.
Tribal Health Summit: ECHO India, a non-profit trust dedicated to improving healthcare outcomes in India through capacity building, has partnered with AIIMS Deoghar, a premier medical institution in the country, to host a Nationwide Summit on Tribal Health. The summit brought together experts, policymakers, and stakeholders to discuss the challenges facing the tribal communities in accessing quality healthcare and explore potential solutions.
Stock Market Updates: Foreign portfolio investors (FPIs) are playing a significant role in the Indian market as they continue to be buyers of Indian equities in May and invested Rs 10,850 crore in the last four trading sessions. Due to the stable macroeconomic environment, robust GST collection and better-than-expected corporate quarterly earnings in the country, FPIs are showing great interest in Indian equities.
Business news; India's gold imports, which have a bearing on the current account deficit, dipped 24.15 per cent to USD 35 billion in 2022-23 due to global economic uncertainties, according to data from the commerce ministry. Imports of the yellow metal stood at USD 46.2 billion in 2021-22.
Servotech Power Systems shares have turned multibagger in the past one year. The Delhi-based company manufactures UPS, inverter and other solar products including EV chargers. The company's total revenue in the financial year 2022-23 has more than doubled.

Biotech firm Twist Bioscience lays off 25% of workforce

Monday 08 May 2023 08:11 AM UTC+00
Twist Bioscience Corporation, a leading biotechnology company, announced on Monday to lay off about 25 percent of its workforce in a bid to accelerate its path to profitability. The company, which enables customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, is all set to wave bid adieu to close to 270 of its employees in the latest round of layoffs.  
The Directorate General of Civil Aviation on Monday ordered Crisis-hit airline Go First to stop selling air  tickets with immediate effect until further instructions.
Mumbai: Equity benchmark BSE Sensex rebounded more than 1 per cent while Nifty reclaimed the 18,200 level on Monday, boosted by heavy buying in banking, financial and auto stocks amid a rally in global stock markets. Besides, continuous foreign fund inflows further bolstered sentiment, traders said. The 30-share BSE Sensex rallied 709.96 points or 1.16 per cent to settle at 61,764.25. During the day, it jumped 799.9 points or 1.31 per cent to 61,854.19.
New Delhi: Tata-owned Air India on Monday (May 8) extended the last date to apply for Voluntary Retirement for its employees till May 31. This is the third such offer by the group after it took control of the airline in January last year.
New Delhi: The government on Monday banned the import of apples if its imported price is less than Rs 50 per Kg. The directorate general of foreign trade (DGFT) said in a notification that the imports are free if the price is above Rs 50 per kg.
Tribal Health Summit: ECHO India, a non-profit trust dedicated to improving healthcare outcomes in India through capacity building, has partnered with AIIMS Deoghar, a premier medical institution in the country, to host a Nationwide Summit on Tribal Health. The summit brought together experts, policymakers, and stakeholders to discuss the challenges facing the tribal communities in accessing quality healthcare and explore potential solutions.
Stock Market Updates: Foreign portfolio investors (FPIs) are playing a significant role in the Indian market as they continue to be buyers of Indian equities in May and invested Rs 10,850 crore in the last four trading sessions. Due to the stable macroeconomic environment, robust GST collection and better-than-expected corporate quarterly earnings in the country, FPIs are showing great interest in Indian equities.
Business news; India's gold imports, which have a bearing on the current account deficit, dipped 24.15 per cent to USD 35 billion in 2022-23 due to global economic uncertainties, according to data from the commerce ministry. Imports of the yellow metal stood at USD 46.2 billion in 2021-22.
Servotech Power Systems shares have turned multibagger in the past one year. The Delhi-based company manufactures UPS, inverter and other solar products including EV chargers. The company's total revenue in the financial year 2022-23 has more than doubled.

Biotech firm Twist Bioscience lays off 25% of workforce

Monday 08 May 2023 08:11 AM UTC+00
Twist Bioscience Corporation, a leading biotechnology company, announced on Monday to lay off about 25 percent of its workforce in a bid to accelerate its path to profitability. The company, which enables customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, is all set to wave bid adieu to close to 270 of its employees in the latest round of layoffs.  
The Directorate General of Civil Aviation on Monday ordered Crisis-hit airline Go First to stop selling air  tickets with immediate effect until further instructions.
Mumbai: Equity benchmark BSE Sensex rebounded more than 1 per cent while Nifty reclaimed the 18,200 level on Monday, boosted by heavy buying in banking, financial and auto stocks amid a rally in global stock markets. Besides, continuous foreign fund inflows further bolstered sentiment, traders said. The 30-share BSE Sensex rallied 709.96 points or 1.16 per cent to settle at 61,764.25. During the day, it jumped 799.9 points or 1.31 per cent to 61,854.19.
New Delhi: Tata-owned Air India on Monday (May 8) extended the last date to apply for Voluntary Retirement for its employees till May 31. This is the third such offer by the group after it took control of the airline in January last year.
New Delhi: The government on Monday banned the import of apples if its imported price is less than Rs 50 per Kg. The directorate general of foreign trade (DGFT) said in a notification that the imports are free if the price is above Rs 50 per kg.
The Reserve Bank of India on Monday said it has imposed a penalty of Rs 1.73 crore on HSBC for non-compliance with norms. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the Reserve Bank of India (RBI) said in a statement.
Tribal Health Summit: ECHO India, a non-profit trust dedicated to improving healthcare outcomes in India through capacity building, has partnered with AIIMS Deoghar, a premier medical institution in the country, to host a Nationwide Summit on Tribal Health. The summit brought together experts, policymakers, and stakeholders to discuss the challenges facing the tribal communities in accessing quality healthcare and explore potential solutions.
Stock Market Updates: Foreign portfolio investors (FPIs) are playing a significant role in the Indian market as they continue to be buyers of Indian equities in May and invested Rs 10,850 crore in the last four trading sessions. Due to the stable macroeconomic environment, robust GST collection and better-than-expected corporate quarterly earnings in the country, FPIs are showing great interest in Indian equities.
Business news; India's gold imports, which have a bearing on the current account deficit, dipped 24.15 per cent to USD 35 billion in 2022-23 due to global economic uncertainties, according to data from the commerce ministry. Imports of the yellow metal stood at USD 46.2 billion in 2021-22.
Servotech Power Systems shares have turned multibagger in the past one year. The Delhi-based company manufactures UPS, inverter and other solar products including EV chargers. The company's total revenue in the financial year 2022-23 has more than doubled.

Biotech firm Twist Bioscience lays off 25% of workforce

Monday 08 May 2023 08:11 AM UTC+00
Twist Bioscience Corporation, a leading biotechnology company, announced on Monday to lay off about 25 percent of its workforce in a bid to accelerate its path to profitability. The company, which enables customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, is all set to wave bid adieu to close to 270 of its employees in the latest round of layoffs.  
The Directorate General of Civil Aviation on Monday ordered Crisis-hit airline Go First to stop selling air  tickets with immediate effect until further instructions.
Mumbai: Equity benchmark BSE Sensex rebounded more than 1 per cent while Nifty reclaimed the 18,200 level on Monday, boosted by heavy buying in banking, financial and auto stocks amid a rally in global stock markets. Besides, continuous foreign fund inflows further bolstered sentiment, traders said. The 30-share BSE Sensex rallied 709.96 points or 1.16 per cent to settle at 61,764.25. During the day, it jumped 799.9 points or 1.31 per cent to 61,854.19.
New Delhi: Tata-owned Air India on Monday (May 8) extended the last date to apply for Voluntary Retirement for its employees till May 31. This is the third such offer by the group after it took control of the airline in January last year.
New Delhi: The government on Monday banned the import of apples if its imported price is less than Rs 50 per Kg. The directorate general of foreign trade (DGFT) said in a notification that the imports are free if the price is above Rs 50 per kg.
The Reserve Bank of India on Monday said it has imposed a penalty of Rs 1.73 crore on HSBC for non-compliance with norms. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the Reserve Bank of India (RBI) said in a statement.
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