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Table of Contents Jettwings Airways, first-ever airline from Northeast region, likely to start flying from October | DETAILS 'Raghuram Rajan used false figures to...': Union Minister India's domestic air passenger traffic grows 15 pc in May 'Facebook will be shut down if…': Karnataka HC warns Meta Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Sensex, Nifty hit all-time highs, foreign fund inflows India, China bought 80% of Russia's oil in May: Report Oracle lays off hundreds of employees in its Cerner health unit UK removes countervailing measures on imports of stainless steel bars, rods from India Jettwings Airways, first-ever airline from Northeast region, likely to start flying from October | DETAILS 'Raghuram Rajan used false figures to...': Union Minister India's domestic air passenger traffic grows 15 pc in May 'Facebook will be shut down if…': Karnataka HC warns Meta Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Sensex, Nifty hit all-time highs, foreign fund inflows India, China bought 80% of Russia's oil in May: Report Oracle lays off hundreds of employees in its Cerner health unit UK removes countervailing measures on imports of stainless steel bars, rods from India Jettwings Airways, first-ever airline from Northeast region, likely to start flying from October | DETAILS 'Raghuram Rajan used false figures to...': Union Minister India's domestic air passenger traffic grows 15 pc in May 'Facebook will be shut down if…': Karnataka HC warns Meta Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Sensex, Nifty hit all-time highs, foreign fund inflows India, China bought 80% of Russia's oil in May: Report Oracle lays off hundreds of employees in its Cerner health unit UK removes countervailing measures on imports of stainless steel bars, rods from India Jettwings Airways, first-ever airline from Northeast region, likely to start flying from October | DETAILS 'Raghuram Rajan used false figures to...': Union Minister India's domestic air passenger traffic grows 15 pc in May 'Facebook will be shut down if…': Karnataka HC warns Meta Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Sensex, Nifty hit all-time highs, foreign fund inflows India, China bought 80% of Russia's oil in May: Report Oracle lays off hundreds of employees in its Cerner health unit UK removes countervailing measures on imports of stainless steel bars, rods from India Jettwings Airways, first-ever airline from Northeast region, likely to start flying from October | DETAILS 'Raghuram Rajan used false figures to...': Union Minister India's domestic air passenger traffic grows 15 pc in May 'Facebook will be shut down if…': Karnataka HC warns Meta Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Sensex, Nifty hit all-time highs, foreign fund inflows India, China bought 80% of Russia's oil in May: Report Oracle lays off hundreds of employees in its Cerner health unit UK removes countervailing measures on imports of stainless steel bars, rods from India India's domestic air passenger traffic grows 15 pc in May 'Facebook will be shut down if…': Karnataka HC warns Meta Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Sensex, Nifty hit all-time highs, foreign fund inflows India, China bought 80% of Russia's oil in May: Report Oracle lays off hundreds of employees in its Cerner health unit UK removes countervailing measures on imports of stainless steel bars, rods from India India-UK FTA has to be win-win for both sides, says FICCI president World Bank approves USD 150 million loan to support Resilient Kerala programme Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Sensex, Nifty hit all-time highs, foreign fund inflows India, China bought 80% of Russia's oil in May: Report Oracle lays off hundreds of employees in its Cerner health unit UK removes countervailing measures on imports of stainless steel bars, rods from India India-UK FTA has to be win-win for both sides, says FICCI president World Bank approves USD 150 million loan to support Resilient Kerala programme LIC announces relaxations for victims of Cyclone Biparjoy FM Nirmala Sitharamam calls for strengthening GST registration process using technology Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Sensex, Nifty hit all-time highs, foreign fund inflows India, China bought 80% of Russia's oil in May: Report Oracle lays off hundreds of employees in its Cerner health unit UK removes countervailing measures on imports of stainless steel bars, rods from India India-UK FTA has to be win-win for both sides, says FICCI president World Bank approves USD 150 million loan to support Resilient Kerala programme LIC announces relaxations for victims of Cyclone Biparjoy FM Nirmala Sitharamam calls for strengthening GST registration process using technology

Jettwings Airways, first-ever airline from Northeast region, likely to start flying from October | DETAILS Wednesday 14 June 2023 01:03 PM UTC+00 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.

Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Thursday 15 June 2023 05:22 PM UTC+00 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.

Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Friday 16 June 2023 04:51 AM UTC+00 Stock markets: Equity benchmark indices rebounded in early trade on Friday amid positive global market trends and foreign fund inflows. The 30-share BSE Sensex jumped 280.62 points to 63,198.25 in early trade. The NSE Nifty climbed 82.8 points to 18,770.90.

Sensex, Nifty hit all-time highs, foreign fund inflows Friday 16 June 2023 11:18 AM UTC+00 Equity benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday following gains in banking, financial and capital goods stocks amid a firm trend in the global market. A strengthening rupee and foreign capital inflows further bolstered sentiment, traders said.

India, China bought 80% of Russia's oil in May: Report Friday 16 June 2023 11:44 AM UTC+00 India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.

Oracle lays off hundreds of employees in its Cerner health unit Friday 16 June 2023 02:34 PM UTC+00 Cloud major Oracle has laid off hundreds of employees and rescinded job offers in its $28 billion Cerner health unit, the media reported on Friday. According to a report in Insider, citing sources, the company has also cut back open positions within its health unit "after troubles with a massive government contract".

UK removes countervailing measures on imports of stainless steel bars, rods from India Friday 16 June 2023 03:59 PM UTC+00 London: The UK government has announced the removal of an up to 4 per cent countervailing tariff on stainless steel bars and rods imported from India due to a perceived low impact on local suppliers. The UK's Trade Remedies Authority (TRA) said on Thursday that its recommendation that the countervailing measure on imports of stainless steel bars and rods from India be revoked has been agreed by the government. Countervailing measures are put in place to offset imports being sold at unfair prices due to government subsidies in their country of origin.

Jettwings Airways, first-ever airline from Northeast region, likely to start flying from October | DETAILS Wednesday 14 June 2023 01:03 PM UTC+00 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.

Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Thursday 15 June 2023 05:22 PM UTC+00 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.

Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Friday 16 June 2023 04:51 AM UTC+00 Stock markets: Equity benchmark indices rebounded in early trade on Friday amid positive global market trends and foreign fund inflows. The 30-share BSE Sensex jumped 280.62 points to 63,198.25 in early trade. The NSE Nifty climbed 82.8 points to 18,770.90.

Sensex, Nifty hit all-time highs, foreign fund inflows Friday 16 June 2023 11:18 AM UTC+00 Equity benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday following gains in banking, financial and capital goods stocks amid a firm trend in the global market. A strengthening rupee and foreign capital inflows further bolstered sentiment, traders said.

India, China bought 80% of Russia's oil in May: Report Friday 16 June 2023 11:44 AM UTC+00 India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.

Oracle lays off hundreds of employees in its Cerner health unit Friday 16 June 2023 02:34 PM UTC+00 Cloud major Oracle has laid off hundreds of employees and rescinded job offers in its $28 billion Cerner health unit, the media reported on Friday. According to a report in Insider, citing sources, the company has also cut back open positions within its health unit "after troubles with a massive government contract".

UK removes countervailing measures on imports of stainless steel bars, rods from India Friday 16 June 2023 03:59 PM UTC+00 London: The UK government has announced the removal of an up to 4 per cent countervailing tariff on stainless steel bars and rods imported from India due to a perceived low impact on local suppliers. The UK's Trade Remedies Authority (TRA) said on Thursday that its recommendation that the countervailing measure on imports of stainless steel bars and rods from India be revoked has been agreed by the government. Countervailing measures are put in place to offset imports being sold at unfair prices due to government subsidies in their country of origin.

Jettwings Airways, first-ever airline from Northeast region, likely to start flying from October | DETAILS Wednesday 14 June 2023 01:03 PM UTC+00 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.

Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Thursday 15 June 2023 05:22 PM UTC+00 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.

Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Friday 16 June 2023 04:51 AM UTC+00 Stock markets: Equity benchmark indices rebounded in early trade on Friday amid positive global market trends and foreign fund inflows. The 30-share BSE Sensex jumped 280.62 points to 63,198.25 in early trade. The NSE Nifty climbed 82.8 points to 18,770.90.

Sensex, Nifty hit all-time highs, foreign fund inflows Friday 16 June 2023 11:18 AM UTC+00 Equity benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday following gains in banking, financial and capital goods stocks amid a firm trend in the global market. A strengthening rupee and foreign capital inflows further bolstered sentiment, traders said.

India, China bought 80% of Russia's oil in May: Report Friday 16 June 2023 11:44 AM UTC+00 India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.

Oracle lays off hundreds of employees in its Cerner health unit Friday 16 June 2023 02:34 PM UTC+00 Cloud major Oracle has laid off hundreds of employees and rescinded job offers in its $28 billion Cerner health unit, the media reported on Friday. According to a report in Insider, citing sources, the company has also cut back open positions within its health unit "after troubles with a massive government contract".

UK removes countervailing measures on imports of stainless steel bars, rods from India Friday 16 June 2023 03:59 PM UTC+00 London: The UK government has announced the removal of an up to 4 per cent countervailing tariff on stainless steel bars and rods imported from India due to a perceived low impact on local suppliers. The UK's Trade Remedies Authority (TRA) said on Thursday that its recommendation that the countervailing measure on imports of stainless steel bars and rods from India be revoked has been agreed by the government. Countervailing measures are put in place to offset imports being sold at unfair prices due to government subsidies in their country of origin.

Jettwings Airways, first-ever airline from Northeast region, likely to start flying from October | DETAILS Wednesday 14 June 2023 01:03 PM UTC+00 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.

Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Thursday 15 June 2023 05:22 PM UTC+00 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.

Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Friday 16 June 2023 04:51 AM UTC+00 Stock markets: Equity benchmark indices rebounded in early trade on Friday amid positive global market trends and foreign fund inflows. The 30-share BSE Sensex jumped 280.62 points to 63,198.25 in early trade. The NSE Nifty climbed 82.8 points to 18,770.90.

Sensex, Nifty hit all-time highs, foreign fund inflows Friday 16 June 2023 11:18 AM UTC+00 Equity benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday following gains in banking, financial and capital goods stocks amid a firm trend in the global market. A strengthening rupee and foreign capital inflows further bolstered sentiment, traders said.

India, China bought 80% of Russia's oil in May: Report Friday 16 June 2023 11:44 AM UTC+00 India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.

Oracle lays off hundreds of employees in its Cerner health unit Friday 16 June 2023 02:34 PM UTC+00 Cloud major Oracle has laid off hundreds of employees and rescinded job offers in its $28 billion Cerner health unit, the media reported on Friday. According to a report in Insider, citing sources, the company has also cut back open positions within its health unit "after troubles with a massive government contract".

UK removes countervailing measures on imports of stainless steel bars, rods from India Friday 16 June 2023 03:59 PM UTC+00 London: The UK government has announced the removal of an up to 4 per cent countervailing tariff on stainless steel bars and rods imported from India due to a perceived low impact on local suppliers. The UK's Trade Remedies Authority (TRA) said on Thursday that its recommendation that the countervailing measure on imports of stainless steel bars and rods from India be revoked has been agreed by the government. Countervailing measures are put in place to offset imports being sold at unfair prices due to government subsidies in their country of origin.

Jettwings Airways, first-ever airline from Northeast region, likely to start flying from October | DETAILS Wednesday 14 June 2023 01:03 PM UTC+00 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.

Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Thursday 15 June 2023 05:22 PM UTC+00 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.

Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Friday 16 June 2023 04:51 AM UTC+00 Stock markets: Equity benchmark indices rebounded in early trade on Friday amid positive global market trends and foreign fund inflows. The 30-share BSE Sensex jumped 280.62 points to 63,198.25 in early trade. The NSE Nifty climbed 82.8 points to 18,770.90.

Sensex, Nifty hit all-time highs, foreign fund inflows Friday 16 June 2023 11:18 AM UTC+00 Equity benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday following gains in banking, financial and capital goods stocks amid a firm trend in the global market. A strengthening rupee and foreign capital inflows further bolstered sentiment, traders said.

India, China bought 80% of Russia's oil in May: Report Friday 16 June 2023 11:44 AM UTC+00 India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.

Oracle lays off hundreds of employees in its Cerner health unit Friday 16 June 2023 02:34 PM UTC+00 Cloud major Oracle has laid off hundreds of employees and rescinded job offers in its $28 billion Cerner health unit, the media reported on Friday. According to a report in Insider, citing sources, the company has also cut back open positions within its health unit "after troubles with a massive government contract".

UK removes countervailing measures on imports of stainless steel bars, rods from India Friday 16 June 2023 03:59 PM UTC+00 London: The UK government has announced the removal of an up to 4 per cent countervailing tariff on stainless steel bars and rods imported from India due to a perceived low impact on local suppliers. The UK's Trade Remedies Authority (TRA) said on Thursday that its recommendation that the countervailing measure on imports of stainless steel bars and rods from India be revoked has been agreed by the government. Countervailing measures are put in place to offset imports being sold at unfair prices due to government subsidies in their country of origin.

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.

Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Thursday 15 June 2023 05:22 PM UTC+00 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.

Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Friday 16 June 2023 04:51 AM UTC+00 Stock markets: Equity benchmark indices rebounded in early trade on Friday amid positive global market trends and foreign fund inflows. The 30-share BSE Sensex jumped 280.62 points to 63,198.25 in early trade. The NSE Nifty climbed 82.8 points to 18,770.90.

Sensex, Nifty hit all-time highs, foreign fund inflows Friday 16 June 2023 11:18 AM UTC+00 Equity benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday following gains in banking, financial and capital goods stocks amid a firm trend in the global market. A strengthening rupee and foreign capital inflows further bolstered sentiment, traders said.

India, China bought 80% of Russia's oil in May: Report Friday 16 June 2023 11:44 AM UTC+00 India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.

Oracle lays off hundreds of employees in its Cerner health unit Friday 16 June 2023 02:34 PM UTC+00 Cloud major Oracle has laid off hundreds of employees and rescinded job offers in its $28 billion Cerner health unit, the media reported on Friday. According to a report in Insider, citing sources, the company has also cut back open positions within its health unit "after troubles with a massive government contract".

UK removes countervailing measures on imports of stainless steel bars, rods from India Friday 16 June 2023 03:59 PM UTC+00 London: The UK government has announced the removal of an up to 4 per cent countervailing tariff on stainless steel bars and rods imported from India due to a perceived low impact on local suppliers. The UK's Trade Remedies Authority (TRA) said on Thursday that its recommendation that the countervailing measure on imports of stainless steel bars and rods from India be revoked has been agreed by the government. Countervailing measures are put in place to offset imports being sold at unfair prices due to government subsidies in their country of origin.

India-UK FTA has to be win-win for both sides, says FICCI president Saturday 17 June 2023 02:55 PM UTC+00 Free trade agreements (FTAs) need to ensure they provide a level playing field and the India-UK FTA, which recently completed its 10th round of negotiations, has to be a win-win scenario for both sides, the head of India's leading business chambers has said. Subhrakant Panda, President of the Federation of Indian Chambers of Commerce and Industry (FICCI), was in the UK this week for the FICCI Forum of Parliamentarians, a bipartisan initiative for political outreach.

World Bank approves USD 150 million loan to support Resilient Kerala programme Saturday 17 June 2023 05:11 PM UTC+00 The World Bank's Board of Directors has approved a USD 150 million loan to support the Resilient Kerala programme designed to strengthen Kerala's preparedness for natural disasters, climate change impact, and disease outbreaks. This additional financing will further deepen Kerala's resilience in the critical areas of coastal erosion and water resource management, the World Bank said in a statement.

Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Thursday 15 June 2023 05:22 PM UTC+00 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.

Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Friday 16 June 2023 04:51 AM UTC+00 Stock markets: Equity benchmark indices rebounded in early trade on Friday amid positive global market trends and foreign fund inflows. The 30-share BSE Sensex jumped 280.62 points to 63,198.25 in early trade. The NSE Nifty climbed 82.8 points to 18,770.90.

Sensex, Nifty hit all-time highs, foreign fund inflows Friday 16 June 2023 11:18 AM UTC+00 Equity benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday following gains in banking, financial and capital goods stocks amid a firm trend in the global market. A strengthening rupee and foreign capital inflows further bolstered sentiment, traders said.

India, China bought 80% of Russia's oil in May: Report Friday 16 June 2023 11:44 AM UTC+00 India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.

Oracle lays off hundreds of employees in its Cerner health unit Friday 16 June 2023 02:34 PM UTC+00 Cloud major Oracle has laid off hundreds of employees and rescinded job offers in its $28 billion Cerner health unit, the media reported on Friday. According to a report in Insider, citing sources, the company has also cut back open positions within its health unit "after troubles with a massive government contract".

UK removes countervailing measures on imports of stainless steel bars, rods from India Friday 16 June 2023 03:59 PM UTC+00 London: The UK government has announced the removal of an up to 4 per cent countervailing tariff on stainless steel bars and rods imported from India due to a perceived low impact on local suppliers. The UK's Trade Remedies Authority (TRA) said on Thursday that its recommendation that the countervailing measure on imports of stainless steel bars and rods from India be revoked has been agreed by the government. Countervailing measures are put in place to offset imports being sold at unfair prices due to government subsidies in their country of origin.

India-UK FTA has to be win-win for both sides, says FICCI president Saturday 17 June 2023 02:55 PM UTC+00 Free trade agreements (FTAs) need to ensure they provide a level playing field and the India-UK FTA, which recently completed its 10th round of negotiations, has to be a win-win scenario for both sides, the head of India's leading business chambers has said. Subhrakant Panda, President of the Federation of Indian Chambers of Commerce and Industry (FICCI), was in the UK this week for the FICCI Forum of Parliamentarians, a bipartisan initiative for political outreach.

World Bank approves USD 150 million loan to support Resilient Kerala programme Saturday 17 June 2023 05:11 PM UTC+00 The World Bank's Board of Directors has approved a USD 150 million loan to support the Resilient Kerala programme designed to strengthen Kerala's preparedness for natural disasters, climate change impact, and disease outbreaks. This additional financing will further deepen Kerala's resilience in the critical areas of coastal erosion and water resource management, the World Bank said in a statement.

LIC announces relaxations for victims of Cyclone Biparjoy Saturday 17 June 2023 06:00 PM UTC+00 Following insurance regulator Irdai directive, LIC on Saturday announced concessions to mitigate the hardships of the claimants of policies and also of Pradhan Mantri Jeevan Jyoti Bima Yojana affected by the Cyclone Biparjoy.

FM Nirmala Sitharamam calls for strengthening GST registration process using technology Saturday 17 June 2023 06:13 PM UTC+00 Finance Minister Nirmala Sitharaman said on Friday that the Goods and Services Tax (GST) registration process may be further strengthened by using technology to curb the entry of fake entities into the GST ecosystem.

Big relief! Central govt slashes import duty on refined soybean, sunflower oils to 12.5 % Thursday 15 June 2023 05:22 PM UTC+00 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.

Markets rebound in early trade on firm global equities; rupee rises 30 paise against dollar Friday 16 June 2023 04:51 AM UTC+00 Stock markets: Equity benchmark indices rebounded in early trade on Friday amid positive global market trends and foreign fund inflows. The 30-share BSE Sensex jumped 280.62 points to 63,198.25 in early trade. The NSE Nifty climbed 82.8 points to 18,770.90.

Sensex, Nifty hit all-time highs, foreign fund inflows Friday 16 June 2023 11:18 AM UTC+00 Equity benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday following gains in banking, financial and capital goods stocks amid a firm trend in the global market. A strengthening rupee and foreign capital inflows further bolstered sentiment, traders said.

India, China bought 80% of Russia's oil in May: Report Friday 16 June 2023 11:44 AM UTC+00 India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency (IEA) said in a report.

Oracle lays off hundreds of employees in its Cerner health unit Friday 16 June 2023 02:34 PM UTC+00 Cloud major Oracle has laid off hundreds of employees and rescinded job offers in its $28 billion Cerner health unit, the media reported on Friday. According to a report in Insider, citing sources, the company has also cut back open positions within its health unit "after troubles with a massive government contract".

UK removes countervailing measures on imports of stainless steel bars, rods from India Friday 16 June 2023 03:59 PM UTC+00 London: The UK government has announced the removal of an up to 4 per cent countervailing tariff on stainless steel bars and rods imported from India due to a perceived low impact on local suppliers. The UK's Trade Remedies Authority (TRA) said on Thursday that its recommendation that the countervailing measure on imports of stainless steel bars and rods from India be revoked has been agreed by the government. Countervailing measures are put in place to offset imports being sold at unfair prices due to government subsidies in their country of origin.

India-UK FTA has to be win-win for both sides, says FICCI president Saturday 17 June 2023 02:55 PM UTC+00 Free trade agreements (FTAs) need to ensure they provide a level playing field and the India-UK FTA, which recently completed its 10th round of negotiations, has to be a win-win scenario for both sides, the head of India's leading business chambers has said. Subhrakant Panda, President of the Federation of Indian Chambers of Commerce and Industry (FICCI), was in the UK this week for the FICCI Forum of Parliamentarians, a bipartisan initiative for political outreach.

World Bank approves USD 150 million loan to support Resilient Kerala programme Saturday 17 June 2023 05:11 PM UTC+00 The World Bank's Board of Directors has approved a USD 150 million loan to support the Resilient Kerala programme designed to strengthen Kerala's preparedness for natural disasters, climate change impact, and disease outbreaks. This additional financing will further deepen Kerala's resilience in the critical areas of coastal erosion and water resource management, the World Bank said in a statement.

LIC announces relaxations for victims of Cyclone Biparjoy Saturday 17 June 2023 06:00 PM UTC+00 Following insurance regulator Irdai directive, LIC on Saturday announced concessions to mitigate the hardships of the claimants of policies and also of Pradhan Mantri Jeevan Jyoti Bima Yojana affected by the Cyclone Biparjoy.

FM Nirmala Sitharamam calls for strengthening GST registration process using technology Saturday 17 June 2023 06:13 PM UTC+00 Finance Minister Nirmala Sitharaman said on Friday that the Goods and Services Tax (GST) registration process may be further strengthened by using technology to curb the entry of fake entities into the GST ecosystem.

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