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IndiaTV Business: Google News Feed: Digest for June 13, 2023

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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.
New Delhi: Indian Oil Corporation (IOC), the nation's largest oil firm, has walked away with half of the natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the fuel used to generate power, produce fertilizer, turned into CNG and used for cooking purposes. IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month, sources with knowledge of the matter said.
New Delhi: After withdrawing capital from equities in April, mutual funds put in over Rs 2,400 crore in stocks last month, primarily due to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy. Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said.
Air India has strengthened the flight connectivity between Mangaluru and Mumbai by introducing a second daily flight from June 10 (Saturday). The development closely follows IndiGo's addition of a third daily flight on the Mumbai-Mangaluru route on May 22, an airport release in Mangaluru said.
Moody's said on Sunday that the Indian economy is expected to grow by 6–6.3 per cent in the June quarter and that there are risks of fiscal slippage because government revenues are lower than expected this fiscal.
The current financial year will be 'a golden year' for Punjab National Bank due to its multi-pronged strategy and steady focus, its managing director Atul Kumar Goel has said. The state-owned bank's aim for FY24 is to adopt a multi-pronged strategy that seeks to build upon the existing synergies and capabilities to further scale up operational efficiency for facilitating sustainable and profitable growth, Goel said in his message to shareholders.
The founder of one of the largest private sector health insurers Star Health and Allied Insurance Company Ltd Venkatasamy Jagannathan has tendered his resignation from its Board with immediate effect, industry sources said on Sunday. An industry veteran, Jagannathan had stepped down from his role as the Chairman of the city-headquartered firm in May.
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.
New Delhi: Indian Oil Corporation (IOC), the nation's largest oil firm, has walked away with half of the natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the fuel used to generate power, produce fertilizer, turned into CNG and used for cooking purposes. IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month, sources with knowledge of the matter said.
New Delhi: After withdrawing capital from equities in April, mutual funds put in over Rs 2,400 crore in stocks last month, primarily due to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy. Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said.
Air India has strengthened the flight connectivity between Mangaluru and Mumbai by introducing a second daily flight from June 10 (Saturday). The development closely follows IndiGo's addition of a third daily flight on the Mumbai-Mangaluru route on May 22, an airport release in Mangaluru said.
Moody's said on Sunday that the Indian economy is expected to grow by 6–6.3 per cent in the June quarter and that there are risks of fiscal slippage because government revenues are lower than expected this fiscal.
The current financial year will be 'a golden year' for Punjab National Bank due to its multi-pronged strategy and steady focus, its managing director Atul Kumar Goel has said. The state-owned bank's aim for FY24 is to adopt a multi-pronged strategy that seeks to build upon the existing synergies and capabilities to further scale up operational efficiency for facilitating sustainable and profitable growth, Goel said in his message to shareholders.
The founder of one of the largest private sector health insurers Star Health and Allied Insurance Company Ltd Venkatasamy Jagannathan has tendered his resignation from its Board with immediate effect, industry sources said on Sunday. An industry veteran, Jagannathan had stepped down from his role as the Chairman of the city-headquartered firm in May.
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.
New Delhi: Indian Oil Corporation (IOC), the nation's largest oil firm, has walked away with half of the natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the fuel used to generate power, produce fertilizer, turned into CNG and used for cooking purposes. IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month, sources with knowledge of the matter said.
New Delhi: After withdrawing capital from equities in April, mutual funds put in over Rs 2,400 crore in stocks last month, primarily due to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy. Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said.
Air India has strengthened the flight connectivity between Mangaluru and Mumbai by introducing a second daily flight from June 10 (Saturday). The development closely follows IndiGo's addition of a third daily flight on the Mumbai-Mangaluru route on May 22, an airport release in Mangaluru said.
Moody's said on Sunday that the Indian economy is expected to grow by 6–6.3 per cent in the June quarter and that there are risks of fiscal slippage because government revenues are lower than expected this fiscal.
The current financial year will be 'a golden year' for Punjab National Bank due to its multi-pronged strategy and steady focus, its managing director Atul Kumar Goel has said. The state-owned bank's aim for FY24 is to adopt a multi-pronged strategy that seeks to build upon the existing synergies and capabilities to further scale up operational efficiency for facilitating sustainable and profitable growth, Goel said in his message to shareholders.
The founder of one of the largest private sector health insurers Star Health and Allied Insurance Company Ltd Venkatasamy Jagannathan has tendered his resignation from its Board with immediate effect, industry sources said on Sunday. An industry veteran, Jagannathan had stepped down from his role as the Chairman of the city-headquartered firm in May.
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.
New Delhi: Indian Oil Corporation (IOC), the nation's largest oil firm, has walked away with half of the natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the fuel used to generate power, produce fertilizer, turned into CNG and used for cooking purposes. IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month, sources with knowledge of the matter said.
New Delhi: After withdrawing capital from equities in April, mutual funds put in over Rs 2,400 crore in stocks last month, primarily due to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy. Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said.
Air India has strengthened the flight connectivity between Mangaluru and Mumbai by introducing a second daily flight from June 10 (Saturday). The development closely follows IndiGo's addition of a third daily flight on the Mumbai-Mangaluru route on May 22, an airport release in Mangaluru said.
Moody's said on Sunday that the Indian economy is expected to grow by 6–6.3 per cent in the June quarter and that there are risks of fiscal slippage because government revenues are lower than expected this fiscal.
The current financial year will be 'a golden year' for Punjab National Bank due to its multi-pronged strategy and steady focus, its managing director Atul Kumar Goel has said. The state-owned bank's aim for FY24 is to adopt a multi-pronged strategy that seeks to build upon the existing synergies and capabilities to further scale up operational efficiency for facilitating sustainable and profitable growth, Goel said in his message to shareholders.
The founder of one of the largest private sector health insurers Star Health and Allied Insurance Company Ltd Venkatasamy Jagannathan has tendered his resignation from its Board with immediate effect, industry sources said on Sunday. An industry veteran, Jagannathan had stepped down from his role as the Chairman of the city-headquartered firm in May.
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.
New Delhi: Indian Oil Corporation (IOC), the nation's largest oil firm, has walked away with half of the natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the fuel used to generate power, produce fertilizer, turned into CNG and used for cooking purposes. IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month, sources with knowledge of the matter said.
New Delhi: After withdrawing capital from equities in April, mutual funds put in over Rs 2,400 crore in stocks last month, primarily due to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy. Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said.
Air India has strengthened the flight connectivity between Mangaluru and Mumbai by introducing a second daily flight from June 10 (Saturday). The development closely follows IndiGo's addition of a third daily flight on the Mumbai-Mangaluru route on May 22, an airport release in Mangaluru said.
Moody's said on Sunday that the Indian economy is expected to grow by 6–6.3 per cent in the June quarter and that there are risks of fiscal slippage because government revenues are lower than expected this fiscal.
The current financial year will be 'a golden year' for Punjab National Bank due to its multi-pronged strategy and steady focus, its managing director Atul Kumar Goel has said. The state-owned bank's aim for FY24 is to adopt a multi-pronged strategy that seeks to build upon the existing synergies and capabilities to further scale up operational efficiency for facilitating sustainable and profitable growth, Goel said in his message to shareholders.
The founder of one of the largest private sector health insurers Star Health and Allied Insurance Company Ltd Venkatasamy Jagannathan has tendered his resignation from its Board with immediate effect, industry sources said on Sunday. An industry veteran, Jagannathan had stepped down from his role as the Chairman of the city-headquartered firm in May.
The government on Monday informed that the retail inflation In India has declined to 4.25 percent in May mainly on account of softening prices of food and fuel items. Inflation based on the Consumer Price Index (CPI) stood at 4.7 percent in April and 7.04 percent in May 2022.
For the first time in 15 years, the government on Monday imposed stockholding limits on wheat with immediate effect till March 2024 in order to contain rising prices of the key commodity. The government also decided to offload 15 lakh tonnes of wheat to bulk consumers and traders from the central pool in the first phase under the Open Market Sale Scheme (OMSS).
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.
New Delhi: Indian Oil Corporation (IOC), the nation's largest oil firm, has walked away with half of the natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the fuel used to generate power, produce fertilizer, turned into CNG and used for cooking purposes. IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month, sources with knowledge of the matter said.
New Delhi: After withdrawing capital from equities in April, mutual funds put in over Rs 2,400 crore in stocks last month, primarily due to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy. Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said.
Air India has strengthened the flight connectivity between Mangaluru and Mumbai by introducing a second daily flight from June 10 (Saturday). The development closely follows IndiGo's addition of a third daily flight on the Mumbai-Mangaluru route on May 22, an airport release in Mangaluru said.
Moody's said on Sunday that the Indian economy is expected to grow by 6–6.3 per cent in the June quarter and that there are risks of fiscal slippage because government revenues are lower than expected this fiscal.
The current financial year will be 'a golden year' for Punjab National Bank due to its multi-pronged strategy and steady focus, its managing director Atul Kumar Goel has said. The state-owned bank's aim for FY24 is to adopt a multi-pronged strategy that seeks to build upon the existing synergies and capabilities to further scale up operational efficiency for facilitating sustainable and profitable growth, Goel said in his message to shareholders.
The founder of one of the largest private sector health insurers Star Health and Allied Insurance Company Ltd Venkatasamy Jagannathan has tendered his resignation from its Board with immediate effect, industry sources said on Sunday. An industry veteran, Jagannathan had stepped down from his role as the Chairman of the city-headquartered firm in May.
The government on Monday informed that the retail inflation In India has declined to 4.25 percent in May mainly on account of softening prices of food and fuel items. Inflation based on the Consumer Price Index (CPI) stood at 4.7 percent in April and 7.04 percent in May 2022.
For the first time in 15 years, the government on Monday imposed stockholding limits on wheat with immediate effect till March 2024 in order to contain rising prices of the key commodity. The government also decided to offload 15 lakh tonnes of wheat to bulk consumers and traders from the central pool in the first phase under the Open Market Sale Scheme (OMSS).
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.
New Delhi: Indian Oil Corporation (IOC), the nation's largest oil firm, has walked away with half of the natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the fuel used to generate power, produce fertilizer, turned into CNG and used for cooking purposes. IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month, sources with knowledge of the matter said.
New Delhi: After withdrawing capital from equities in April, mutual funds put in over Rs 2,400 crore in stocks last month, primarily due to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy. Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said.
Air India has strengthened the flight connectivity between Mangaluru and Mumbai by introducing a second daily flight from June 10 (Saturday). The development closely follows IndiGo's addition of a third daily flight on the Mumbai-Mangaluru route on May 22, an airport release in Mangaluru said.
Moody's said on Sunday that the Indian economy is expected to grow by 6–6.3 per cent in the June quarter and that there are risks of fiscal slippage because government revenues are lower than expected this fiscal.
The current financial year will be 'a golden year' for Punjab National Bank due to its multi-pronged strategy and steady focus, its managing director Atul Kumar Goel has said. The state-owned bank's aim for FY24 is to adopt a multi-pronged strategy that seeks to build upon the existing synergies and capabilities to further scale up operational efficiency for facilitating sustainable and profitable growth, Goel said in his message to shareholders.
The founder of one of the largest private sector health insurers Star Health and Allied Insurance Company Ltd Venkatasamy Jagannathan has tendered his resignation from its Board with immediate effect, industry sources said on Sunday. An industry veteran, Jagannathan had stepped down from his role as the Chairman of the city-headquartered firm in May.
The government on Monday informed that the retail inflation In India has declined to 4.25 percent in May mainly on account of softening prices of food and fuel items. Inflation based on the Consumer Price Index (CPI) stood at 4.7 percent in April and 7.04 percent in May 2022.
For the first time in 15 years, the government on Monday imposed stockholding limits on wheat with immediate effect till March 2024 in order to contain rising prices of the key commodity. The government also decided to offload 15 lakh tonnes of wheat to bulk consumers and traders from the central pool in the first phase under the Open Market Sale Scheme (OMSS).
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.
New Delhi: Indian Oil Corporation (IOC), the nation's largest oil firm, has walked away with half of the natural gas that Reliance Industries Ltd and its partner bp of the UK offered in the latest auction of the fuel used to generate power, produce fertilizer, turned into CNG and used for cooking purposes. IOC got 2.5 million standard cubic meters per day out of the 5 mmscmd of gas auctioned last month, sources with knowledge of the matter said.
New Delhi: After withdrawing capital from equities in April, mutual funds put in over Rs 2,400 crore in stocks last month, primarily due to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy. Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said.
Air India has strengthened the flight connectivity between Mangaluru and Mumbai by introducing a second daily flight from June 10 (Saturday). The development closely follows IndiGo's addition of a third daily flight on the Mumbai-Mangaluru route on May 22, an airport release in Mangaluru said.
Moody's said on Sunday that the Indian economy is expected to grow by 6–6.3 per cent in the June quarter and that there are risks of fiscal slippage because government revenues are lower than expected this fiscal.
The current financial year will be 'a golden year' for Punjab National Bank due to its multi-pronged strategy and steady focus, its managing director Atul Kumar Goel has said. The state-owned bank's aim for FY24 is to adopt a multi-pronged strategy that seeks to build upon the existing synergies and capabilities to further scale up operational efficiency for facilitating sustainable and profitable growth, Goel said in his message to shareholders.
The founder of one of the largest private sector health insurers Star Health and Allied Insurance Company Ltd Venkatasamy Jagannathan has tendered his resignation from its Board with immediate effect, industry sources said on Sunday. An industry veteran, Jagannathan had stepped down from his role as the Chairman of the city-headquartered firm in May.
The government on Monday informed that the retail inflation In India has declined to 4.25 percent in May mainly on account of softening prices of food and fuel items. Inflation based on the Consumer Price Index (CPI) stood at 4.7 percent in April and 7.04 percent in May 2022.
For the first time in 15 years, the government on Monday imposed stockholding limits on wheat with immediate effect till March 2024 in order to contain rising prices of the key commodity. The government also decided to offload 15 lakh tonnes of wheat to bulk consumers and traders from the central pool in the first phase under the Open Market Sale Scheme (OMSS).
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