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IndiaTV Business: Google News Feed: Digest for June 02, 2023

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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.
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.
New Delhi: Petroleum and oil marketing companies have revised the prices of commercial LPG gas cylinders. The price of a 19 kg commercial LPG cylinder has been reduced by Rs 83.50. The prices for both commercial and domestic LPG cylinders are revised on the first day of every month. The new rates will be applicable from today. 
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.
New Delhi: Petroleum and oil marketing companies have revised the prices of commercial LPG gas cylinders. The price of a 19 kg commercial LPG cylinder has been reduced by Rs 83.50. The prices for both commercial and domestic LPG cylinders are revised on the first day of every month. The new rates will be applicable from today. 
Stock markets: Equity benchmark indices declined in initial trade on Thursday but soon bounced back to trade in the positive territory amid strong GDP data, continuous foreign fund inflows and a largely optimistic trend in Asian markets. The 30-share BSE Sensex declined 77.28 points to 62,544.96 in early trade even after a positive beginning. The NSE Nifty dipped 15.35 points to 18,519.05.
Digital payments have grown sharply in the past few years. The pandemic gave a strong boost to the Indian digital payments industry and increasingly more users are switching to digital modes every day. With the fintech industry gaining a solid footing
New Delhi: Tesla CEO Elon Musk has reclaimed his position of the richest person in the world, surpassing the CEO of the French luxury brand Louis Vuitton Bernard Arnault, news agency ANI reported citing a Bloomberg Billionaires Index report. The Tesla CEO surpassed Bernard Arnault after shares of the latter's LVMH tumbled 2.6 per cent in Paris trading.
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.
New Delhi: Petroleum and oil marketing companies have revised the prices of commercial LPG gas cylinders. The price of a 19 kg commercial LPG cylinder has been reduced by Rs 83.50. The prices for both commercial and domestic LPG cylinders are revised on the first day of every month. The new rates will be applicable from today. 
Stock markets: Equity benchmark indices declined in initial trade on Thursday but soon bounced back to trade in the positive territory amid strong GDP data, continuous foreign fund inflows and a largely optimistic trend in Asian markets. The 30-share BSE Sensex declined 77.28 points to 62,544.96 in early trade even after a positive beginning. The NSE Nifty dipped 15.35 points to 18,519.05.
Digital payments have grown sharply in the past few years. The pandemic gave a strong boost to the Indian digital payments industry and increasingly more users are switching to digital modes every day. With the fintech industry gaining a solid footing
New Delhi: Tesla CEO Elon Musk has reclaimed his position of the richest person in the world, surpassing the CEO of the French luxury brand Louis Vuitton Bernard Arnault, news agency ANI reported citing a Bloomberg Billionaires Index report. The Tesla CEO surpassed Bernard Arnault after shares of the latter's LVMH tumbled 2.6 per cent in Paris trading.
San Francisco: E-commerce giant Amazon will pay $25 million penalty to the US Federal Trade Commission (FTC) over violating the children's privacy law by keeping their Alexa voice recordings and deceiving parents and users of the Alexa voice assistant service about its data deletion practices.
Power consumption in India: Power consumption rose marginally by 1.04 per cent to 136.56 billion units in May this year as widespread rains have kept summer temperature under check so far and people used fewer cooling appliances compared to last year. In the year-ago period, power consumption stood at 135.15 billion units (BU), higher than 108.80 BU in May 2021, according to government data. 
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.
New Delhi: Petroleum and oil marketing companies have revised the prices of commercial LPG gas cylinders. The price of a 19 kg commercial LPG cylinder has been reduced by Rs 83.50. The prices for both commercial and domestic LPG cylinders are revised on the first day of every month. The new rates will be applicable from today. 
Stock markets: Equity benchmark indices declined in initial trade on Thursday but soon bounced back to trade in the positive territory amid strong GDP data, continuous foreign fund inflows and a largely optimistic trend in Asian markets. The 30-share BSE Sensex declined 77.28 points to 62,544.96 in early trade even after a positive beginning. The NSE Nifty dipped 15.35 points to 18,519.05.
Digital payments have grown sharply in the past few years. The pandemic gave a strong boost to the Indian digital payments industry and increasingly more users are switching to digital modes every day. With the fintech industry gaining a solid footing
New Delhi: Tesla CEO Elon Musk has reclaimed his position of the richest person in the world, surpassing the CEO of the French luxury brand Louis Vuitton Bernard Arnault, news agency ANI reported citing a Bloomberg Billionaires Index report. The Tesla CEO surpassed Bernard Arnault after shares of the latter's LVMH tumbled 2.6 per cent in Paris trading.
San Francisco: E-commerce giant Amazon will pay $25 million penalty to the US Federal Trade Commission (FTC) over violating the children's privacy law by keeping their Alexa voice recordings and deceiving parents and users of the Alexa voice assistant service about its data deletion practices.
Power consumption in India: Power consumption rose marginally by 1.04 per cent to 136.56 billion units in May this year as widespread rains have kept summer temperature under check so far and people used fewer cooling appliances compared to last year. In the year-ago period, power consumption stood at 135.15 billion units (BU), higher than 108.80 BU in May 2021, according to government data. 
The gross Good & Services Tax (GST) collections rise 12 per cent to Rs 1.57 lakh crore in May, said Finance Ministry in a statement released on Thursday. The GST revenue collected in the month of May, 2023 is Rs 1,57,090 crore of which Central GST is Rs 28,411 crore, State GST is Rs 35,828 crore, Integrated GST is Rs 81,363 crore (including Rs 41,772 crore collected on import of goods) and cess is Rs 11,489 crore (including Rs 1,057 crore collected on import of goods).
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.
New Delhi: Petroleum and oil marketing companies have revised the prices of commercial LPG gas cylinders. The price of a 19 kg commercial LPG cylinder has been reduced by Rs 83.50. The prices for both commercial and domestic LPG cylinders are revised on the first day of every month. The new rates will be applicable from today. 
Stock markets: Equity benchmark indices declined in initial trade on Thursday but soon bounced back to trade in the positive territory amid strong GDP data, continuous foreign fund inflows and a largely optimistic trend in Asian markets. The 30-share BSE Sensex declined 77.28 points to 62,544.96 in early trade even after a positive beginning. The NSE Nifty dipped 15.35 points to 18,519.05.
Digital payments have grown sharply in the past few years. The pandemic gave a strong boost to the Indian digital payments industry and increasingly more users are switching to digital modes every day. With the fintech industry gaining a solid footing
New Delhi: Tesla CEO Elon Musk has reclaimed his position of the richest person in the world, surpassing the CEO of the French luxury brand Louis Vuitton Bernard Arnault, news agency ANI reported citing a Bloomberg Billionaires Index report. The Tesla CEO surpassed Bernard Arnault after shares of the latter's LVMH tumbled 2.6 per cent in Paris trading.
San Francisco: E-commerce giant Amazon will pay $25 million penalty to the US Federal Trade Commission (FTC) over violating the children's privacy law by keeping their Alexa voice recordings and deceiving parents and users of the Alexa voice assistant service about its data deletion practices.
Power consumption in India: Power consumption rose marginally by 1.04 per cent to 136.56 billion units in May this year as widespread rains have kept summer temperature under check so far and people used fewer cooling appliances compared to last year. In the year-ago period, power consumption stood at 135.15 billion units (BU), higher than 108.80 BU in May 2021, according to government data. 
The gross Good & Services Tax (GST) collections rise 12 per cent to Rs 1.57 lakh crore in May, said Finance Ministry in a statement released on Thursday. The GST revenue collected in the month of May, 2023 is Rs 1,57,090 crore of which Central GST is Rs 28,411 crore, State GST is Rs 35,828 crore, Integrated GST is Rs 81,363 crore (including Rs 41,772 crore collected on import of goods) and cess is Rs 11,489 crore (including Rs 1,057 crore collected on import of goods).
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.
New Delhi: Petroleum and oil marketing companies have revised the prices of commercial LPG gas cylinders. The price of a 19 kg commercial LPG cylinder has been reduced by Rs 83.50. The prices for both commercial and domestic LPG cylinders are revised on the first day of every month. The new rates will be applicable from today. 
Stock markets: Equity benchmark indices declined in initial trade on Thursday but soon bounced back to trade in the positive territory amid strong GDP data, continuous foreign fund inflows and a largely optimistic trend in Asian markets. The 30-share BSE Sensex declined 77.28 points to 62,544.96 in early trade even after a positive beginning. The NSE Nifty dipped 15.35 points to 18,519.05.
Digital payments have grown sharply in the past few years. The pandemic gave a strong boost to the Indian digital payments industry and increasingly more users are switching to digital modes every day. With the fintech industry gaining a solid footing
New Delhi: Tesla CEO Elon Musk has reclaimed his position of the richest person in the world, surpassing the CEO of the French luxury brand Louis Vuitton Bernard Arnault, news agency ANI reported citing a Bloomberg Billionaires Index report. The Tesla CEO surpassed Bernard Arnault after shares of the latter's LVMH tumbled 2.6 per cent in Paris trading.
San Francisco: E-commerce giant Amazon will pay $25 million penalty to the US Federal Trade Commission (FTC) over violating the children's privacy law by keeping their Alexa voice recordings and deceiving parents and users of the Alexa voice assistant service about its data deletion practices.
Power consumption in India: Power consumption rose marginally by 1.04 per cent to 136.56 billion units in May this year as widespread rains have kept summer temperature under check so far and people used fewer cooling appliances compared to last year. In the year-ago period, power consumption stood at 135.15 billion units (BU), higher than 108.80 BU in May 2021, according to government data. 
The gross Good & Services Tax (GST) collections rise 12 per cent to Rs 1.57 lakh crore in May, said Finance Ministry in a statement released on Thursday. The GST revenue collected in the month of May, 2023 is Rs 1,57,090 crore of which Central GST is Rs 28,411 crore, State GST is Rs 35,828 crore, Integrated GST is Rs 81,363 crore (including Rs 41,772 crore collected on import of goods) and cess is Rs 11,489 crore (including Rs 1,057 crore collected on import of goods).
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that the board has approved Qualified Institutional Placement (QIP). It is a method wherein a firm issue shares to the public without going through regulatory compliance.
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.
New Delhi: Petroleum and oil marketing companies have revised the prices of commercial LPG gas cylinders. The price of a 19 kg commercial LPG cylinder has been reduced by Rs 83.50. The prices for both commercial and domestic LPG cylinders are revised on the first day of every month. The new rates will be applicable from today. 
Stock markets: Equity benchmark indices declined in initial trade on Thursday but soon bounced back to trade in the positive territory amid strong GDP data, continuous foreign fund inflows and a largely optimistic trend in Asian markets. The 30-share BSE Sensex declined 77.28 points to 62,544.96 in early trade even after a positive beginning. The NSE Nifty dipped 15.35 points to 18,519.05.
Digital payments have grown sharply in the past few years. The pandemic gave a strong boost to the Indian digital payments industry and increasingly more users are switching to digital modes every day. With the fintech industry gaining a solid footing
New Delhi: Tesla CEO Elon Musk has reclaimed his position of the richest person in the world, surpassing the CEO of the French luxury brand Louis Vuitton Bernard Arnault, news agency ANI reported citing a Bloomberg Billionaires Index report. The Tesla CEO surpassed Bernard Arnault after shares of the latter's LVMH tumbled 2.6 per cent in Paris trading.
San Francisco: E-commerce giant Amazon will pay $25 million penalty to the US Federal Trade Commission (FTC) over violating the children's privacy law by keeping their Alexa voice recordings and deceiving parents and users of the Alexa voice assistant service about its data deletion practices.
Power consumption in India: Power consumption rose marginally by 1.04 per cent to 136.56 billion units in May this year as widespread rains have kept summer temperature under check so far and people used fewer cooling appliances compared to last year. In the year-ago period, power consumption stood at 135.15 billion units (BU), higher than 108.80 BU in May 2021, according to government data. 
The gross Good & Services Tax (GST) collections rise 12 per cent to Rs 1.57 lakh crore in May, said Finance Ministry in a statement released on Thursday. The GST revenue collected in the month of May, 2023 is Rs 1,57,090 crore of which Central GST is Rs 28,411 crore, State GST is Rs 35,828 crore, Integrated GST is Rs 81,363 crore (including Rs 41,772 crore collected on import of goods) and cess is Rs 11,489 crore (including Rs 1,057 crore collected on import of goods).
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that the board has approved Qualified Institutional Placement (QIP). It is a method wherein a firm issue shares to the public without going through regulatory compliance.
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