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IndiaTV Business: Google News Feed: Digest for June 14, 2023

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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).
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).
Domestic passenger vehicle wholesales grew by 13.54 per cent in May to 3,34,247 units, as compared to the same month last year, the Society of Indian Automobile Manufacturers said on Tuesday (June 13). As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles (PVs) from manufacturers to dealers were at 2,94,392 units in May 2022. Two-wheeler domestic wholesales were at 14,71,550 units, as against 12,53,187 units in May last year, a growth of 17.42 per cent.
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).
Domestic passenger vehicle wholesales grew by 13.54 per cent in May to 3,34,247 units, as compared to the same month last year, the Society of Indian Automobile Manufacturers said on Tuesday (June 13). As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles (PVs) from manufacturers to dealers were at 2,94,392 units in May 2022. Two-wheeler domestic wholesales were at 14,71,550 units, as against 12,53,187 units in May last year, a growth of 17.42 per cent.
Vikas Ecotech, a leading provider of high-end specialty chemicals, has raised about Rs 50 crore via Qualified Institutional Placement (QIP) route, the company said in an exchange filing. The issue stands closed now.
Stock markets: Benchmark Sensex spurted 418 points to settle at more than six-month high while Nifty closed above the 17,700 mark on Tuesday amid optimism in the global markets and positive domestic macroeconomic data points.
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).
Domestic passenger vehicle wholesales grew by 13.54 per cent in May to 3,34,247 units, as compared to the same month last year, the Society of Indian Automobile Manufacturers said on Tuesday (June 13). As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles (PVs) from manufacturers to dealers were at 2,94,392 units in May 2022. Two-wheeler domestic wholesales were at 14,71,550 units, as against 12,53,187 units in May last year, a growth of 17.42 per cent.
Vikas Ecotech, a leading provider of high-end specialty chemicals, has raised about Rs 50 crore via Qualified Institutional Placement (QIP) route, the company said in an exchange filing. The issue stands closed now.
Stock markets: Benchmark Sensex spurted 418 points to settle at more than six-month high while Nifty closed above the 17,700 mark on Tuesday amid optimism in the global markets and positive domestic macroeconomic data points.
MRF: Tyre maker MRF on Tuesday reached a new milestone as its stock hit Rs 1 lakh mark during the day. The stock went up to Rs 1,00,300 -- also its 52-week high level -- on the BSE during the day. Shares of the company ended at Rs 99,950.65, a gain of 1.02 per cent. In intra-day, it climbed 1.37 per cent to Rs 1,00,300.
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday that the nation is expected to continue to be one of the fastest-growing economies in 2023.
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).
Domestic passenger vehicle wholesales grew by 13.54 per cent in May to 3,34,247 units, as compared to the same month last year, the Society of Indian Automobile Manufacturers said on Tuesday (June 13). As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles (PVs) from manufacturers to dealers were at 2,94,392 units in May 2022. Two-wheeler domestic wholesales were at 14,71,550 units, as against 12,53,187 units in May last year, a growth of 17.42 per cent.
Vikas Ecotech, a leading provider of high-end specialty chemicals, has raised about Rs 50 crore via Qualified Institutional Placement (QIP) route, the company said in an exchange filing. The issue stands closed now.
Stock markets: Benchmark Sensex spurted 418 points to settle at more than six-month high while Nifty closed above the 17,700 mark on Tuesday amid optimism in the global markets and positive domestic macroeconomic data points.
MRF: Tyre maker MRF on Tuesday reached a new milestone as its stock hit Rs 1 lakh mark during the day. The stock went up to Rs 1,00,300 -- also its 52-week high level -- on the BSE during the day. Shares of the company ended at Rs 99,950.65, a gain of 1.02 per cent. In intra-day, it climbed 1.37 per cent to Rs 1,00,300.
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday that the nation is expected to continue to be one of the fastest-growing economies in 2023.
Cell Point India IPO: The initial share sale of Cell Point India will open for subscription on June 15 and close on June 20.  The IPO is completely a fresh equity issue of up to 50.34 lakh equity shares. There is no offer for sale (OFS). The company has plans to raise Rs 50 crore through the offer. It is offering its shares at a price of Rs 100 each.
Go First crisis: Amid the ongoing crisis, Airline Go First on Tuesday announced that its scheduled flight operations will remain cancelled till June 16, adding that a full refund will be issued to the passengers.
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's growth in the EV sector and consequently have a detrimental impact on the environmental and health indices of the country, Society of Manufacturers of Electric Vehicles (SMEV) said in its petition.
Who doesn't want to attain financial freedom in life? It means having enough savings, investments and cash to do whatever you desire. Financial freedom requires financial discipline. In today's digital world, there are a variety of investment tools available at a fingertip that promise bumper returns. However, choosing the right one needs a deep and clear understanding of the scheme. 
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).
Domestic passenger vehicle wholesales grew by 13.54 per cent in May to 3,34,247 units, as compared to the same month last year, the Society of Indian Automobile Manufacturers said on Tuesday (June 13). As per the latest data issued by the Society of Indian Automobile Manufacturers (SIAM), dispatches of passenger vehicles (PVs) from manufacturers to dealers were at 2,94,392 units in May 2022. Two-wheeler domestic wholesales were at 14,71,550 units, as against 12,53,187 units in May last year, a growth of 17.42 per cent.
Vikas Ecotech, a leading provider of high-end specialty chemicals, has raised about Rs 50 crore via Qualified Institutional Placement (QIP) route, the company said in an exchange filing. The issue stands closed now.
Stock markets: Benchmark Sensex spurted 418 points to settle at more than six-month high while Nifty closed above the 17,700 mark on Tuesday amid optimism in the global markets and positive domestic macroeconomic data points.
MRF: Tyre maker MRF on Tuesday reached a new milestone as its stock hit Rs 1 lakh mark during the day. The stock went up to Rs 1,00,300 -- also its 52-week high level -- on the BSE during the day. Shares of the company ended at Rs 99,950.65, a gain of 1.02 per cent. In intra-day, it climbed 1.37 per cent to Rs 1,00,300.
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday that the nation is expected to continue to be one of the fastest-growing economies in 2023.
Cell Point India IPO: The initial share sale of Cell Point India will open for subscription on June 15 and close on June 20.  The IPO is completely a fresh equity issue of up to 50.34 lakh equity shares. There is no offer for sale (OFS). The company has plans to raise Rs 50 crore through the offer. It is offering its shares at a price of Rs 100 each.
Go First crisis: Amid the ongoing crisis, Airline Go First on Tuesday announced that its scheduled flight operations will remain cancelled till June 16, adding that a full refund will be issued to the passengers.
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's growth in the EV sector and consequently have a detrimental impact on the environmental and health indices of the country, Society of Manufacturers of Electric Vehicles (SMEV) said in its petition.
Who doesn't want to attain financial freedom in life? It means having enough savings, investments and cash to do whatever you desire. Financial freedom requires financial discipline. In today's digital world, there are a variety of investment tools available at a fingertip that promise bumper returns. However, choosing the right one needs a deep and clear understanding of the scheme. 
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