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IndiaTV Business: Google News Feed: Digest for May 10, 2023

IndiaTV Business: Google News Feed

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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.
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.
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75.
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.
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75.
Chip manufacturer Intel has confirmed that it plans to further cut its workforce to reduce costs while navigating a challenging macro-economic environment, as tech layoffs continue unabated. The company, however, did not reveal how many employees will be impacted by the upcoming layoffs.
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.
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75.
Chip manufacturer Intel has confirmed that it plans to further cut its workforce to reduce costs while navigating a challenging macro-economic environment, as tech layoffs continue unabated. The company, however, did not reveal how many employees will be impacted by the upcoming layoffs.
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.
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75.
Chip manufacturer Intel has confirmed that it plans to further cut its workforce to reduce costs while navigating a challenging macro-economic environment, as tech layoffs continue unabated. The company, however, did not reveal how many employees will be impacted by the upcoming layoffs.
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.
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75.
Chip manufacturer Intel has confirmed that it plans to further cut its workforce to reduce costs while navigating a challenging macro-economic environment, as tech layoffs continue unabated. The company, however, did not reveal how many employees will be impacted by the upcoming layoffs.
Go First crisis: Skies are getting more cloudy for the cash-starved Go First as the aircraft lessors on Tuesday approached the Directorate General of Civil Aviation (DGCA) to deregister 45 planes. DGCA today informed that the airlines have a total strength of 55 planes.
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.
Benchmark indices extended their winning run on Tuesday morning helped by continuous buying from foreign institutional investors and on signs that recession fears in the US are easing. The 30-share BSE Sensex climbed 173.65 points to 61,937.90 in early trade. The NSE Nifty advanced 54.35 points to 18,318.75.
Chip manufacturer Intel has confirmed that it plans to further cut its workforce to reduce costs while navigating a challenging macro-economic environment, as tech layoffs continue unabated. The company, however, did not reveal how many employees will be impacted by the upcoming layoffs.
Go First crisis: Skies are getting more cloudy for the cash-starved Go First as the aircraft lessors on Tuesday approached the Directorate General of Civil Aviation (DGCA) to deregister 45 planes. DGCA today informed that the airlines have a total strength of 55 planes.
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