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IndiaTV Business: Google News Feed: Digest for June 16, 2023

IndiaTV Business: Google News Feed

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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. 

WPI inflation declines to 3-year low in May

Wednesday 14 June 2023 07:46 AM UTC+00
Latest Inflation rate: Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items.
Bucking the trends, shares of film production and distribution company Eros have jumped more than 19 per cent in Wednesday's session. The stock traded higher even as the Nifty Media index declined, according to exchange information. The shares traded at day's high of Rs 30.20. The film, production and distribution counter had settled at Rs 25.35 on Tuesday.
The benchmark S&P BSE Sensex gained 85 points to close the day at 63,228 while the blue-chip Nifty 50 index gained 40 points to finish at 18,755. 
Jettwings Airways: The newest entrant in the aviation sector, Jettwings Airways is set to start its operation from October in the country. On Wednesday, the airline, with its base in Guwahati, stated that it has received the No Objection Certificate (NOC) to operate Scheduled Commuter Air Transport Services in the country. 
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. 

WPI inflation declines to 3-year low in May

Wednesday 14 June 2023 07:46 AM UTC+00
Latest Inflation rate: Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items.
Bucking the trends, shares of film production and distribution company Eros have jumped more than 19 per cent in Wednesday's session. The stock traded higher even as the Nifty Media index declined, according to exchange information. The shares traded at day's high of Rs 30.20. The film, production and distribution counter had settled at Rs 25.35 on Tuesday.
The benchmark S&P BSE Sensex gained 85 points to close the day at 63,228 while the blue-chip Nifty 50 index gained 40 points to finish at 18,755. 
Jettwings Airways: The newest entrant in the aviation sector, Jettwings Airways is set to start its operation from October in the country. On Wednesday, the airline, with its base in Guwahati, stated that it has received the No Objection Certificate (NOC) to operate Scheduled Commuter Air Transport Services in the country. 
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. 

WPI inflation declines to 3-year low in May

Wednesday 14 June 2023 07:46 AM UTC+00
Latest Inflation rate: Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items.
Bucking the trends, shares of film production and distribution company Eros have jumped more than 19 per cent in Wednesday's session. The stock traded higher even as the Nifty Media index declined, according to exchange information. The shares traded at day's high of Rs 30.20. The film, production and distribution counter had settled at Rs 25.35 on Tuesday.
The benchmark S&P BSE Sensex gained 85 points to close the day at 63,228 while the blue-chip Nifty 50 index gained 40 points to finish at 18,755. 
Jettwings Airways: The newest entrant in the aviation sector, Jettwings Airways is set to start its operation from October in the country. On Wednesday, the airline, with its base in Guwahati, stated that it has received the No Objection Certificate (NOC) to operate Scheduled Commuter Air Transport Services in the country. 
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. 

WPI inflation declines to 3-year low in May

Wednesday 14 June 2023 07:46 AM UTC+00
Latest Inflation rate: Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items.
Bucking the trends, shares of film production and distribution company Eros have jumped more than 19 per cent in Wednesday's session. The stock traded higher even as the Nifty Media index declined, according to exchange information. The shares traded at day's high of Rs 30.20. The film, production and distribution counter had settled at Rs 25.35 on Tuesday.
The benchmark S&P BSE Sensex gained 85 points to close the day at 63,228 while the blue-chip Nifty 50 index gained 40 points to finish at 18,755. 
Jettwings Airways: The newest entrant in the aviation sector, Jettwings Airways is set to start its operation from October in the country. On Wednesday, the airline, with its base in Guwahati, stated that it has received the No Objection Certificate (NOC) to operate Scheduled Commuter Air Transport Services in the country. 
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. 

WPI inflation declines to 3-year low in May

Wednesday 14 June 2023 07:46 AM UTC+00
Latest Inflation rate: Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items.
Bucking the trends, shares of film production and distribution company Eros have jumped more than 19 per cent in Wednesday's session. The stock traded higher even as the Nifty Media index declined, according to exchange information. The shares traded at day's high of Rs 30.20. The film, production and distribution counter had settled at Rs 25.35 on Tuesday.
The benchmark S&P BSE Sensex gained 85 points to close the day at 63,228 while the blue-chip Nifty 50 index gained 40 points to finish at 18,755. 
Jettwings Airways: The newest entrant in the aviation sector, Jettwings Airways is set to start its operation from October in the country. On Wednesday, the airline, with its base in Guwahati, stated that it has received the No Objection Certificate (NOC) to operate Scheduled Commuter Air Transport Services in the country. 

'Raghuram Rajan used false figures to...': Union Minister

Thursday 15 June 2023 12:28 PM UTC+00
Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, on Thursday hit out at former Reserve Bank of India (RBI) Governor Raghuram Rajan for raising concerns over the government's performance-linked incentive (PLI) scheme, saying that he used false figures, questionable analysis, and advice of unidentified "industry experts" for his research paper.
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. 

WPI inflation declines to 3-year low in May

Wednesday 14 June 2023 07:46 AM UTC+00
Latest Inflation rate: Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items.
Bucking the trends, shares of film production and distribution company Eros have jumped more than 19 per cent in Wednesday's session. The stock traded higher even as the Nifty Media index declined, according to exchange information. The shares traded at day's high of Rs 30.20. The film, production and distribution counter had settled at Rs 25.35 on Tuesday.
The benchmark S&P BSE Sensex gained 85 points to close the day at 63,228 while the blue-chip Nifty 50 index gained 40 points to finish at 18,755. 
Jettwings Airways: The newest entrant in the aviation sector, Jettwings Airways is set to start its operation from October in the country. On Wednesday, the airline, with its base in Guwahati, stated that it has received the No Objection Certificate (NOC) to operate Scheduled Commuter Air Transport Services in the country. 

'Raghuram Rajan used false figures to...': Union Minister

Thursday 15 June 2023 12:28 PM UTC+00
Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, on Thursday hit out at former Reserve Bank of India (RBI) Governor Raghuram Rajan for raising concerns over the government's performance-linked incentive (PLI) scheme, saying that he used false figures, questionable analysis, and advice of unidentified "industry experts" for his research paper.

India's domestic air passenger traffic grows 15 pc in May

Thursday 15 June 2023 02:40 PM UTC+00
Mumbai: The Directorate General of Civil Aviation (DGCA) informed that India's domestic air passenger traffic grew 15 per cent year-on-year to 132.67 lakh passengers in May 2023. The country's domestic air passenger traffic was 114.67 lakh passengers in the year-ago period. Passengers carried by domestic airlines during January- May 2023 were 636.07 lakhs as against 467.37 lakhs during the corresponding period of the previous year thereby registering an annual growth of 36.10 per cent and monthly growth of 15.24 per cent.

'Facebook will be shut down if…': Karnataka HC warns Meta

Thursday 15 June 2023 03:11 PM UTC+00
The High Court of Karnataka has orally warned Facebook (Meta) that it may order its operations in India to be shut down if it does not cooperate with police investigation over a fake profile.
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. 

WPI inflation declines to 3-year low in May

Wednesday 14 June 2023 07:46 AM UTC+00
Latest Inflation rate: Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items.
Bucking the trends, shares of film production and distribution company Eros have jumped more than 19 per cent in Wednesday's session. The stock traded higher even as the Nifty Media index declined, according to exchange information. The shares traded at day's high of Rs 30.20. The film, production and distribution counter had settled at Rs 25.35 on Tuesday.
The benchmark S&P BSE Sensex gained 85 points to close the day at 63,228 while the blue-chip Nifty 50 index gained 40 points to finish at 18,755. 
Jettwings Airways: The newest entrant in the aviation sector, Jettwings Airways is set to start its operation from October in the country. On Wednesday, the airline, with its base in Guwahati, stated that it has received the No Objection Certificate (NOC) to operate Scheduled Commuter Air Transport Services in the country. 

'Raghuram Rajan used false figures to...': Union Minister

Thursday 15 June 2023 12:28 PM UTC+00
Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, on Thursday hit out at former Reserve Bank of India (RBI) Governor Raghuram Rajan for raising concerns over the government's performance-linked incentive (PLI) scheme, saying that he used false figures, questionable analysis, and advice of unidentified "industry experts" for his research paper.

India's domestic air passenger traffic grows 15 pc in May

Thursday 15 June 2023 02:40 PM UTC+00
Mumbai: The Directorate General of Civil Aviation (DGCA) informed that India's domestic air passenger traffic grew 15 per cent year-on-year to 132.67 lakh passengers in May 2023. The country's domestic air passenger traffic was 114.67 lakh passengers in the year-ago period. Passengers carried by domestic airlines during January- May 2023 were 636.07 lakhs as against 467.37 lakhs during the corresponding period of the previous year thereby registering an annual growth of 36.10 per cent and monthly growth of 15.24 per cent.

'Facebook will be shut down if…': Karnataka HC warns Meta

Thursday 15 June 2023 03:11 PM UTC+00
The High Court of Karnataka has orally warned Facebook (Meta) that it may order its operations in India to be shut down if it does not cooperate with police investigation over a fake profile.
The central government has reduced the import duty on refined soybean and sunflower oils to 12.5 per cent from 17.5 per cent with effect from Thursday to boost domestic availability and check prices, a finance ministry notification said. Usually, India imports 'crude' soybean and sunflower oils, and not their 'refined' form. Yet, the government has reduced the duty on refined soybean and sunflower oils.
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. 

WPI inflation declines to 3-year low in May

Wednesday 14 June 2023 07:46 AM UTC+00
Latest Inflation rate: Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items.
Bucking the trends, shares of film production and distribution company Eros have jumped more than 19 per cent in Wednesday's session. The stock traded higher even as the Nifty Media index declined, according to exchange information. The shares traded at day's high of Rs 30.20. The film, production and distribution counter had settled at Rs 25.35 on Tuesday.
The benchmark S&P BSE Sensex gained 85 points to close the day at 63,228 while the blue-chip Nifty 50 index gained 40 points to finish at 18,755. 
Jettwings Airways: The newest entrant in the aviation sector, Jettwings Airways is set to start its operation from October in the country. On Wednesday, the airline, with its base in Guwahati, stated that it has received the No Objection Certificate (NOC) to operate Scheduled Commuter Air Transport Services in the country. 

'Raghuram Rajan used false figures to...': Union Minister

Thursday 15 June 2023 12:28 PM UTC+00
Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, on Thursday hit out at former Reserve Bank of India (RBI) Governor Raghuram Rajan for raising concerns over the government's performance-linked incentive (PLI) scheme, saying that he used false figures, questionable analysis, and advice of unidentified "industry experts" for his research paper.

India's domestic air passenger traffic grows 15 pc in May

Thursday 15 June 2023 02:40 PM UTC+00
Mumbai: The Directorate General of Civil Aviation (DGCA) informed that India's domestic air passenger traffic grew 15 per cent year-on-year to 132.67 lakh passengers in May 2023. The country's domestic air passenger traffic was 114.67 lakh passengers in the year-ago period. Passengers carried by domestic airlines during January- May 2023 were 636.07 lakhs as against 467.37 lakhs during the corresponding period of the previous year thereby registering an annual growth of 36.10 per cent and monthly growth of 15.24 per cent.

'Facebook will be shut down if…': Karnataka HC warns Meta

Thursday 15 June 2023 03:11 PM UTC+00
The High Court of Karnataka has orally warned Facebook (Meta) that it may order its operations in India to be shut down if it does not cooperate with police investigation over a fake profile.
The central government has reduced the import duty on refined soybean and sunflower oils to 12.5 per cent from 17.5 per cent with effect from Thursday to boost domestic availability and check prices, a finance ministry notification said. Usually, India imports 'crude' soybean and sunflower oils, and not their 'refined' form. Yet, the government has reduced the duty on refined soybean and sunflower oils.
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