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IndiaTV Business: Google News Feed: Digest for June 11, 2023

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RBI on inflation: The Reserve Bank of India (RBI) has lowered India's inflation projection for 2023-24 to 5.1 per cent against its April estimate of 5.2 per cent.On a quarterly basis, retail inflation (or Consumer Price Index) in Q1 is seen at 4.6 per cent, Q2 at 5.2 per cent, Q3 at 5.4 per cent, and Q4 at 5.2 per cent, RBI Governor Shaktikanta Das said Thursday while reading out the monetary policy statement after a three-day deliberation.
Mother Dairy, which is a leading milk supplier in Delhi-NCR, today (June 8) said it has reduced the maximum retail price (MRP) of edible oils sold under Dhara brand by Rs 10 per litre and the stocks with new rates will be available in the market from next week. The reduction in the MRP is in line with a fall in prices of edible oils in the global market, the company said.
Margins on petrol and diesel have turned positive following softening of international oil prices but a revision in retail prices may happen only after state-owned oil firms recoup losses they incurred last year, officials said. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have temporarily abandoned the daily price revision since last year and have not revised petrol and diesel prices in line with the cost. And the losses they incurred when the oil prices were higher than the retail selling prices are now being recouped with rates dropping.
HMA Agro Industries IPO is all set to hit the primary market. The subscription will begin on June 20 and conclude on June 23. The issue will open for anchor investor subscription a day before the retail. The company plans to raise Rs 480 crore from the issue.
No-frills airline SpiceJet, which is trying to keep afloat amid several aircraft of its fleet being grounded over payment issues with lessors, on Friday said it plans to add 10 narrow-body Boeing aircraft, including five B737 Max, on lease by October.
Foreign institutional investors are on a buying spree in India. The Fast-Moving Consumer Goods (FMCG) sector has emerged as a favourite space for FIIs. In the latest round of foreign inflow in the economy, Nomura Singapore has once again raised its stake in Mishtann Foods.
Byju's layoffs: In a fresh bit to cut costs, India's largest edtech company, Byju's is expected to lay off around 1,000 more employees. The sales and marketing teams at the company are likely to bear the brunt most by this decision, The Morning Context reported. The report further stated that the company's latest decision was imminent in the aftermath of Byju's failure to make a quarterly interest payment of roughly $40 million on a $1.2 billion term loan B (TLB). 
Mumbai: State Bank of India (SBI) on Friday received board approval to raise up to Rs 50,000 crore through debt instruments from Indian as well as overseas markets in the current fiscal. The instruments could be long-term bonds, Basel-III compliant additional tier-1 bonds, or Basel-III compliant tier-2 bonds.
With government expecting that the new logistics policy will bring about transformative change by boosting economic growth and creating employment opportunities, several players are hopeful that they will be able to drive topline and redefine logistics solutions, thus enabling them to compete in the global market.
In a major development, the Enforcement Directorate has issued a show cause notice to top Xiaomi Technology India officials. According to the news agency PTI, notices were sent to CFO Sameer Rao, former MD Manu Jain, and three foreign banks for alleged foreign exchange violations of more than Rs 5,551 crore.
Mother Dairy, which is a leading milk supplier in Delhi-NCR, today (June 8) said it has reduced the maximum retail price (MRP) of edible oils sold under Dhara brand by Rs 10 per litre and the stocks with new rates will be available in the market from next week. The reduction in the MRP is in line with a fall in prices of edible oils in the global market, the company said.
Margins on petrol and diesel have turned positive following softening of international oil prices but a revision in retail prices may happen only after state-owned oil firms recoup losses they incurred last year, officials said. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have temporarily abandoned the daily price revision since last year and have not revised petrol and diesel prices in line with the cost. And the losses they incurred when the oil prices were higher than the retail selling prices are now being recouped with rates dropping.
HMA Agro Industries IPO is all set to hit the primary market. The subscription will begin on June 20 and conclude on June 23. The issue will open for anchor investor subscription a day before the retail. The company plans to raise Rs 480 crore from the issue.
No-frills airline SpiceJet, which is trying to keep afloat amid several aircraft of its fleet being grounded over payment issues with lessors, on Friday said it plans to add 10 narrow-body Boeing aircraft, including five B737 Max, on lease by October.
Foreign institutional investors are on a buying spree in India. The Fast-Moving Consumer Goods (FMCG) sector has emerged as a favourite space for FIIs. In the latest round of foreign inflow in the economy, Nomura Singapore has once again raised its stake in Mishtann Foods.
Byju's layoffs: In a fresh bit to cut costs, India's largest edtech company, Byju's is expected to lay off around 1,000 more employees. The sales and marketing teams at the company are likely to bear the brunt most by this decision, The Morning Context reported. The report further stated that the company's latest decision was imminent in the aftermath of Byju's failure to make a quarterly interest payment of roughly $40 million on a $1.2 billion term loan B (TLB). 
Mumbai: State Bank of India (SBI) on Friday received board approval to raise up to Rs 50,000 crore through debt instruments from Indian as well as overseas markets in the current fiscal. The instruments could be long-term bonds, Basel-III compliant additional tier-1 bonds, or Basel-III compliant tier-2 bonds.
With government expecting that the new logistics policy will bring about transformative change by boosting economic growth and creating employment opportunities, several players are hopeful that they will be able to drive topline and redefine logistics solutions, thus enabling them to compete in the global market.
In a major development, the Enforcement Directorate has issued a show cause notice to top Xiaomi Technology India officials. According to the news agency PTI, notices were sent to CFO Sameer Rao, former MD Manu Jain, and three foreign banks for alleged foreign exchange violations of more than Rs 5,551 crore.
New Delhi: Full-service carrier Vistara on Friday said it is facing a shortage of cabin crew uniforms due to an "unforeseen issue" with the supply of material. However, the airline said it is actively working with suppliers to resolve the issue as quickly as possible.
Margins on petrol and diesel have turned positive following softening of international oil prices but a revision in retail prices may happen only after state-owned oil firms recoup losses they incurred last year, officials said. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have temporarily abandoned the daily price revision since last year and have not revised petrol and diesel prices in line with the cost. And the losses they incurred when the oil prices were higher than the retail selling prices are now being recouped with rates dropping.
HMA Agro Industries IPO is all set to hit the primary market. The subscription will begin on June 20 and conclude on June 23. The issue will open for anchor investor subscription a day before the retail. The company plans to raise Rs 480 crore from the issue.
No-frills airline SpiceJet, which is trying to keep afloat amid several aircraft of its fleet being grounded over payment issues with lessors, on Friday said it plans to add 10 narrow-body Boeing aircraft, including five B737 Max, on lease by October.
Foreign institutional investors are on a buying spree in India. The Fast-Moving Consumer Goods (FMCG) sector has emerged as a favourite space for FIIs. In the latest round of foreign inflow in the economy, Nomura Singapore has once again raised its stake in Mishtann Foods.
Byju's layoffs: In a fresh bit to cut costs, India's largest edtech company, Byju's is expected to lay off around 1,000 more employees. The sales and marketing teams at the company are likely to bear the brunt most by this decision, The Morning Context reported. The report further stated that the company's latest decision was imminent in the aftermath of Byju's failure to make a quarterly interest payment of roughly $40 million on a $1.2 billion term loan B (TLB). 
Mumbai: State Bank of India (SBI) on Friday received board approval to raise up to Rs 50,000 crore through debt instruments from Indian as well as overseas markets in the current fiscal. The instruments could be long-term bonds, Basel-III compliant additional tier-1 bonds, or Basel-III compliant tier-2 bonds.
With government expecting that the new logistics policy will bring about transformative change by boosting economic growth and creating employment opportunities, several players are hopeful that they will be able to drive topline and redefine logistics solutions, thus enabling them to compete in the global market.
In a major development, the Enforcement Directorate has issued a show cause notice to top Xiaomi Technology India officials. According to the news agency PTI, notices were sent to CFO Sameer Rao, former MD Manu Jain, and three foreign banks for alleged foreign exchange violations of more than Rs 5,551 crore.
New Delhi: Full-service carrier Vistara on Friday said it is facing a shortage of cabin crew uniforms due to an "unforeseen issue" with the supply of material. However, the airline said it is actively working with suppliers to resolve the issue as quickly as possible.
Digital India: A latest data from MyGovIndia suggested that India has topped the list of five countries in digital payments, with 89.5 million digital transactions in the year 2022. As per the data, India in the year 2022 accounted for 46 per cent of the global real-time payments, adding that the digital payment transactions in India are more than the other four leading countries combined.
No-frills airline SpiceJet, which is trying to keep afloat amid several aircraft of its fleet being grounded over payment issues with lessors, on Friday said it plans to add 10 narrow-body Boeing aircraft, including five B737 Max, on lease by October.
Foreign institutional investors are on a buying spree in India. The Fast-Moving Consumer Goods (FMCG) sector has emerged as a favourite space for FIIs. In the latest round of foreign inflow in the economy, Nomura Singapore has once again raised its stake in Mishtann Foods.
Byju's layoffs: In a fresh bit to cut costs, India's largest edtech company, Byju's is expected to lay off around 1,000 more employees. The sales and marketing teams at the company are likely to bear the brunt most by this decision, The Morning Context reported. The report further stated that the company's latest decision was imminent in the aftermath of Byju's failure to make a quarterly interest payment of roughly $40 million on a $1.2 billion term loan B (TLB). 
Mumbai: State Bank of India (SBI) on Friday received board approval to raise up to Rs 50,000 crore through debt instruments from Indian as well as overseas markets in the current fiscal. The instruments could be long-term bonds, Basel-III compliant additional tier-1 bonds, or Basel-III compliant tier-2 bonds.
With government expecting that the new logistics policy will bring about transformative change by boosting economic growth and creating employment opportunities, several players are hopeful that they will be able to drive topline and redefine logistics solutions, thus enabling them to compete in the global market.
In a major development, the Enforcement Directorate has issued a show cause notice to top Xiaomi Technology India officials. According to the news agency PTI, notices were sent to CFO Sameer Rao, former MD Manu Jain, and three foreign banks for alleged foreign exchange violations of more than Rs 5,551 crore.
New Delhi: Full-service carrier Vistara on Friday said it is facing a shortage of cabin crew uniforms due to an "unforeseen issue" with the supply of material. However, the airline said it is actively working with suppliers to resolve the issue as quickly as possible.
Digital India: A latest data from MyGovIndia suggested that India has topped the list of five countries in digital payments, with 89.5 million digital transactions in the year 2022. As per the data, India in the year 2022 accounted for 46 per cent of the global real-time payments, adding that the digital payment transactions in India are more than the other four leading countries combined.
The new business premium income of India's life insurance companies declined by 4.1 per cent to Rs 23,477.8 crore in May 2023, data from the Life Insurance Council showed. All 24 life insurers had a collective new business premium income of Rs 24,480.36 crore in the same month a year ago (May 2022).
Chief Economic Advisor Dr. V Anantha Nageswaran on Saturday praised the estimated 7.2% real GDP growth in 2022–23 and expressed optimism that the growth will be higher when the final fiscal numbers are frozen in early 2026.
No-frills airline SpiceJet, which is trying to keep afloat amid several aircraft of its fleet being grounded over payment issues with lessors, on Friday said it plans to add 10 narrow-body Boeing aircraft, including five B737 Max, on lease by October.
Foreign institutional investors are on a buying spree in India. The Fast-Moving Consumer Goods (FMCG) sector has emerged as a favourite space for FIIs. In the latest round of foreign inflow in the economy, Nomura Singapore has once again raised its stake in Mishtann Foods.
Byju's layoffs: In a fresh bit to cut costs, India's largest edtech company, Byju's is expected to lay off around 1,000 more employees. The sales and marketing teams at the company are likely to bear the brunt most by this decision, The Morning Context reported. The report further stated that the company's latest decision was imminent in the aftermath of Byju's failure to make a quarterly interest payment of roughly $40 million on a $1.2 billion term loan B (TLB). 
Mumbai: State Bank of India (SBI) on Friday received board approval to raise up to Rs 50,000 crore through debt instruments from Indian as well as overseas markets in the current fiscal. The instruments could be long-term bonds, Basel-III compliant additional tier-1 bonds, or Basel-III compliant tier-2 bonds.
With government expecting that the new logistics policy will bring about transformative change by boosting economic growth and creating employment opportunities, several players are hopeful that they will be able to drive topline and redefine logistics solutions, thus enabling them to compete in the global market.
In a major development, the Enforcement Directorate has issued a show cause notice to top Xiaomi Technology India officials. According to the news agency PTI, notices were sent to CFO Sameer Rao, former MD Manu Jain, and three foreign banks for alleged foreign exchange violations of more than Rs 5,551 crore.
New Delhi: Full-service carrier Vistara on Friday said it is facing a shortage of cabin crew uniforms due to an "unforeseen issue" with the supply of material. However, the airline said it is actively working with suppliers to resolve the issue as quickly as possible.
Digital India: A latest data from MyGovIndia suggested that India has topped the list of five countries in digital payments, with 89.5 million digital transactions in the year 2022. As per the data, India in the year 2022 accounted for 46 per cent of the global real-time payments, adding that the digital payment transactions in India are more than the other four leading countries combined.
The new business premium income of India's life insurance companies declined by 4.1 per cent to Rs 23,477.8 crore in May 2023, data from the Life Insurance Council showed. All 24 life insurers had a collective new business premium income of Rs 24,480.36 crore in the same month a year ago (May 2022).
Chief Economic Advisor Dr. V Anantha Nageswaran on Saturday praised the estimated 7.2% real GDP growth in 2022–23 and expressed optimism that the growth will be higher when the final fiscal numbers are frozen in early 2026.
No-frills airline SpiceJet, which is trying to keep afloat amid several aircraft of its fleet being grounded over payment issues with lessors, on Friday said it plans to add 10 narrow-body Boeing aircraft, including five B737 Max, on lease by October.
Foreign institutional investors are on a buying spree in India. The Fast-Moving Consumer Goods (FMCG) sector has emerged as a favourite space for FIIs. In the latest round of foreign inflow in the economy, Nomura Singapore has once again raised its stake in Mishtann Foods.
Byju's layoffs: In a fresh bit to cut costs, India's largest edtech company, Byju's is expected to lay off around 1,000 more employees. The sales and marketing teams at the company are likely to bear the brunt most by this decision, The Morning Context reported. The report further stated that the company's latest decision was imminent in the aftermath of Byju's failure to make a quarterly interest payment of roughly $40 million on a $1.2 billion term loan B (TLB). 
Mumbai: State Bank of India (SBI) on Friday received board approval to raise up to Rs 50,000 crore through debt instruments from Indian as well as overseas markets in the current fiscal. The instruments could be long-term bonds, Basel-III compliant additional tier-1 bonds, or Basel-III compliant tier-2 bonds.
With government expecting that the new logistics policy will bring about transformative change by boosting economic growth and creating employment opportunities, several players are hopeful that they will be able to drive topline and redefine logistics solutions, thus enabling them to compete in the global market.
In a major development, the Enforcement Directorate has issued a show cause notice to top Xiaomi Technology India officials. According to the news agency PTI, notices were sent to CFO Sameer Rao, former MD Manu Jain, and three foreign banks for alleged foreign exchange violations of more than Rs 5,551 crore.
New Delhi: Full-service carrier Vistara on Friday said it is facing a shortage of cabin crew uniforms due to an "unforeseen issue" with the supply of material. However, the airline said it is actively working with suppliers to resolve the issue as quickly as possible.
Digital India: A latest data from MyGovIndia suggested that India has topped the list of five countries in digital payments, with 89.5 million digital transactions in the year 2022. As per the data, India in the year 2022 accounted for 46 per cent of the global real-time payments, adding that the digital payment transactions in India are more than the other four leading countries combined.
The new business premium income of India's life insurance companies declined by 4.1 per cent to Rs 23,477.8 crore in May 2023, data from the Life Insurance Council showed. All 24 life insurers had a collective new business premium income of Rs 24,480.36 crore in the same month a year ago (May 2022).
Chief Economic Advisor Dr. V Anantha Nageswaran on Saturday praised the estimated 7.2% real GDP growth in 2022–23 and expressed optimism that the growth will be higher when the final fiscal numbers are frozen in early 2026.
No-frills airline SpiceJet, which is trying to keep afloat amid several aircraft of its fleet being grounded over payment issues with lessors, on Friday said it plans to add 10 narrow-body Boeing aircraft, including five B737 Max, on lease by October.
Foreign institutional investors are on a buying spree in India. The Fast-Moving Consumer Goods (FMCG) sector has emerged as a favourite space for FIIs. In the latest round of foreign inflow in the economy, Nomura Singapore has once again raised its stake in Mishtann Foods.
Byju's layoffs: In a fresh bit to cut costs, India's largest edtech company, Byju's is expected to lay off around 1,000 more employees. The sales and marketing teams at the company are likely to bear the brunt most by this decision, The Morning Context reported. The report further stated that the company's latest decision was imminent in the aftermath of Byju's failure to make a quarterly interest payment of roughly $40 million on a $1.2 billion term loan B (TLB). 
Mumbai: State Bank of India (SBI) on Friday received board approval to raise up to Rs 50,000 crore through debt instruments from Indian as well as overseas markets in the current fiscal. The instruments could be long-term bonds, Basel-III compliant additional tier-1 bonds, or Basel-III compliant tier-2 bonds.
With government expecting that the new logistics policy will bring about transformative change by boosting economic growth and creating employment opportunities, several players are hopeful that they will be able to drive topline and redefine logistics solutions, thus enabling them to compete in the global market.
In a major development, the Enforcement Directorate has issued a show cause notice to top Xiaomi Technology India officials. According to the news agency PTI, notices were sent to CFO Sameer Rao, former MD Manu Jain, and three foreign banks for alleged foreign exchange violations of more than Rs 5,551 crore.
New Delhi: Full-service carrier Vistara on Friday said it is facing a shortage of cabin crew uniforms due to an "unforeseen issue" with the supply of material. However, the airline said it is actively working with suppliers to resolve the issue as quickly as possible.
Digital India: A latest data from MyGovIndia suggested that India has topped the list of five countries in digital payments, with 89.5 million digital transactions in the year 2022. As per the data, India in the year 2022 accounted for 46 per cent of the global real-time payments, adding that the digital payment transactions in India are more than the other four leading countries combined.
The new business premium income of India's life insurance companies declined by 4.1 per cent to Rs 23,477.8 crore in May 2023, data from the Life Insurance Council showed. All 24 life insurers had a collective new business premium income of Rs 24,480.36 crore in the same month a year ago (May 2022).
Chief Economic Advisor Dr. V Anantha Nageswaran on Saturday praised the estimated 7.2% real GDP growth in 2022–23 and expressed optimism that the growth will be higher when the final fiscal numbers are frozen in early 2026.
No-frills airline SpiceJet, which is trying to keep afloat amid several aircraft of its fleet being grounded over payment issues with lessors, on Friday said it plans to add 10 narrow-body Boeing aircraft, including five B737 Max, on lease by October.
Foreign institutional investors are on a buying spree in India. The Fast-Moving Consumer Goods (FMCG) sector has emerged as a favourite space for FIIs. In the latest round of foreign inflow in the economy, Nomura Singapore has once again raised its stake in Mishtann Foods.
Byju's layoffs: In a fresh bit to cut costs, India's largest edtech company, Byju's is expected to lay off around 1,000 more employees. The sales and marketing teams at the company are likely to bear the brunt most by this decision, The Morning Context reported. The report further stated that the company's latest decision was imminent in the aftermath of Byju's failure to make a quarterly interest payment of roughly $40 million on a $1.2 billion term loan B (TLB). 
Mumbai: State Bank of India (SBI) on Friday received board approval to raise up to Rs 50,000 crore through debt instruments from Indian as well as overseas markets in the current fiscal. The instruments could be long-term bonds, Basel-III compliant additional tier-1 bonds, or Basel-III compliant tier-2 bonds.
With government expecting that the new logistics policy will bring about transformative change by boosting economic growth and creating employment opportunities, several players are hopeful that they will be able to drive topline and redefine logistics solutions, thus enabling them to compete in the global market.
In a major development, the Enforcement Directorate has issued a show cause notice to top Xiaomi Technology India officials. According to the news agency PTI, notices were sent to CFO Sameer Rao, former MD Manu Jain, and three foreign banks for alleged foreign exchange violations of more than Rs 5,551 crore.
New Delhi: Full-service carrier Vistara on Friday said it is facing a shortage of cabin crew uniforms due to an "unforeseen issue" with the supply of material. However, the airline said it is actively working with suppliers to resolve the issue as quickly as possible.
Digital India: A latest data from MyGovIndia suggested that India has topped the list of five countries in digital payments, with 89.5 million digital transactions in the year 2022. As per the data, India in the year 2022 accounted for 46 per cent of the global real-time payments, adding that the digital payment transactions in India are more than the other four leading countries combined.
The new business premium income of India's life insurance companies declined by 4.1 per cent to Rs 23,477.8 crore in May 2023, data from the Life Insurance Council showed. All 24 life insurers had a collective new business premium income of Rs 24,480.36 crore in the same month a year ago (May 2022).
Chief Economic Advisor Dr. V Anantha Nageswaran on Saturday praised the estimated 7.2% real GDP growth in 2022–23 and expressed optimism that the growth will be higher when the final fiscal numbers are frozen in early 2026.
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