-->

Ad Unit (Iklan) BIG

Home  ›  Uncategorized

IndiaTV Business: Google News Feed: Digest for June 20, 2023

IndiaTV Business: Google News Feed

IndiaTV: Business RSS Feed

Table of Contents

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.
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.
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.
Patanjali Foods Ltd plans to invest up to Rs 1,500 crore in the next five years on capital expenditure, mostly for scaling up its palm oil business, according to company CEO Sanjeev Asthana. The company (formerly Ruchi Soya Industries) has set a target of clocking a turnover between Rs 45,000-50,000 crore in the next five years as it expands its product offerings and distribution reach.
The Finance Ministry stated on Sunday that the direct tax collection till June 17 this fiscal rose by 11.18 per cent to Rs 3.80 lakh crore.

Electric truck maker Nikola to lay off 270 employees

Sunday 18 June 2023 03:05 PM UTC+00
US-based electric truck manufacturer Nikola has announced that it will be laying off 270 employees, or about 23 per cent of its workforce, and limit its electric truck efforts to North America in order to preserve cash. According to the company, it will lay off 150 team members who were supporting the company's European programmes as well as 120 employees based at the company's Phoenix and Coolidge, Arizona sites in the US.
About 86 per cent of Indian employees responded positively to a sense of pride at the workplace in 2023, while 84 per cent of workers responded positively to fairness and respect for their workplaces, a new report has revealed.
Mukesh Ambani-led Reliance Industries could earn $10-15 billion by 2023 from its new energy business spanning solar to hydrogen but will need acquisitions or partnerships to make up for limited expertise in technology, reported PTI, citing a report by Sanford C Bernstein, on Sunday.
Market regulator Sebi in its reply to the Securities and Appellate Tribunal (SAT) on the Zee Entertainment Enterprises Ltd's plea has called for urgent action against the promoters in the alleged fund diversion case to safeguard the management, investors and other stakeholders. In its affidavit, the Securities and Exchange Board of India (Sebi) pointed out that the applications made by Chairman Emeritus Subhash Chandra and Managing Director and CEO Punit Goenka on July 6, 2022, that "there was no urgency and that the same issue is the subject matter of the show cause notice dated July 6, 2022, is completely false and misleading." Sebi further stated that "not only have there been violations but also the issuance of multiple false disclosures and submission of statements to cover up such wrongdoings."
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.
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.
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.
Patanjali Foods Ltd plans to invest up to Rs 1,500 crore in the next five years on capital expenditure, mostly for scaling up its palm oil business, according to company CEO Sanjeev Asthana. The company (formerly Ruchi Soya Industries) has set a target of clocking a turnover between Rs 45,000-50,000 crore in the next five years as it expands its product offerings and distribution reach.
The Finance Ministry stated on Sunday that the direct tax collection till June 17 this fiscal rose by 11.18 per cent to Rs 3.80 lakh crore.

Electric truck maker Nikola to lay off 270 employees

Sunday 18 June 2023 03:05 PM UTC+00
US-based electric truck manufacturer Nikola has announced that it will be laying off 270 employees, or about 23 per cent of its workforce, and limit its electric truck efforts to North America in order to preserve cash. According to the company, it will lay off 150 team members who were supporting the company's European programmes as well as 120 employees based at the company's Phoenix and Coolidge, Arizona sites in the US.
About 86 per cent of Indian employees responded positively to a sense of pride at the workplace in 2023, while 84 per cent of workers responded positively to fairness and respect for their workplaces, a new report has revealed.
Mukesh Ambani-led Reliance Industries could earn $10-15 billion by 2023 from its new energy business spanning solar to hydrogen but will need acquisitions or partnerships to make up for limited expertise in technology, reported PTI, citing a report by Sanford C Bernstein, on Sunday.
Market regulator Sebi in its reply to the Securities and Appellate Tribunal (SAT) on the Zee Entertainment Enterprises Ltd's plea has called for urgent action against the promoters in the alleged fund diversion case to safeguard the management, investors and other stakeholders. In its affidavit, the Securities and Exchange Board of India (Sebi) pointed out that the applications made by Chairman Emeritus Subhash Chandra and Managing Director and CEO Punit Goenka on July 6, 2022, that "there was no urgency and that the same issue is the subject matter of the show cause notice dated July 6, 2022, is completely false and misleading." Sebi further stated that "not only have there been violations but also the issuance of multiple false disclosures and submission of statements to cover up such wrongdoings."
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.
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.
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.
Patanjali Foods Ltd plans to invest up to Rs 1,500 crore in the next five years on capital expenditure, mostly for scaling up its palm oil business, according to company CEO Sanjeev Asthana. The company (formerly Ruchi Soya Industries) has set a target of clocking a turnover between Rs 45,000-50,000 crore in the next five years as it expands its product offerings and distribution reach.
The Finance Ministry stated on Sunday that the direct tax collection till June 17 this fiscal rose by 11.18 per cent to Rs 3.80 lakh crore.

Electric truck maker Nikola to lay off 270 employees

Sunday 18 June 2023 03:05 PM UTC+00
US-based electric truck manufacturer Nikola has announced that it will be laying off 270 employees, or about 23 per cent of its workforce, and limit its electric truck efforts to North America in order to preserve cash. According to the company, it will lay off 150 team members who were supporting the company's European programmes as well as 120 employees based at the company's Phoenix and Coolidge, Arizona sites in the US.
About 86 per cent of Indian employees responded positively to a sense of pride at the workplace in 2023, while 84 per cent of workers responded positively to fairness and respect for their workplaces, a new report has revealed.
Mukesh Ambani-led Reliance Industries could earn $10-15 billion by 2023 from its new energy business spanning solar to hydrogen but will need acquisitions or partnerships to make up for limited expertise in technology, reported PTI, citing a report by Sanford C Bernstein, on Sunday.
Market regulator Sebi in its reply to the Securities and Appellate Tribunal (SAT) on the Zee Entertainment Enterprises Ltd's plea has called for urgent action against the promoters in the alleged fund diversion case to safeguard the management, investors and other stakeholders. In its affidavit, the Securities and Exchange Board of India (Sebi) pointed out that the applications made by Chairman Emeritus Subhash Chandra and Managing Director and CEO Punit Goenka on July 6, 2022, that "there was no urgency and that the same issue is the subject matter of the show cause notice dated July 6, 2022, is completely false and misleading." Sebi further stated that "not only have there been violations but also the issuance of multiple false disclosures and submission of statements to cover up such wrongdoings."

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.
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.
Patanjali Foods Ltd plans to invest up to Rs 1,500 crore in the next five years on capital expenditure, mostly for scaling up its palm oil business, according to company CEO Sanjeev Asthana. The company (formerly Ruchi Soya Industries) has set a target of clocking a turnover between Rs 45,000-50,000 crore in the next five years as it expands its product offerings and distribution reach.
The Finance Ministry stated on Sunday that the direct tax collection till June 17 this fiscal rose by 11.18 per cent to Rs 3.80 lakh crore.

Electric truck maker Nikola to lay off 270 employees

Sunday 18 June 2023 03:05 PM UTC+00
US-based electric truck manufacturer Nikola has announced that it will be laying off 270 employees, or about 23 per cent of its workforce, and limit its electric truck efforts to North America in order to preserve cash. According to the company, it will lay off 150 team members who were supporting the company's European programmes as well as 120 employees based at the company's Phoenix and Coolidge, Arizona sites in the US.
About 86 per cent of Indian employees responded positively to a sense of pride at the workplace in 2023, while 84 per cent of workers responded positively to fairness and respect for their workplaces, a new report has revealed.
Mukesh Ambani-led Reliance Industries could earn $10-15 billion by 2023 from its new energy business spanning solar to hydrogen but will need acquisitions or partnerships to make up for limited expertise in technology, reported PTI, citing a report by Sanford C Bernstein, on Sunday.
Market regulator Sebi in its reply to the Securities and Appellate Tribunal (SAT) on the Zee Entertainment Enterprises Ltd's plea has called for urgent action against the promoters in the alleged fund diversion case to safeguard the management, investors and other stakeholders. In its affidavit, the Securities and Exchange Board of India (Sebi) pointed out that the applications made by Chairman Emeritus Subhash Chandra and Managing Director and CEO Punit Goenka on July 6, 2022, that "there was no urgency and that the same issue is the subject matter of the show cause notice dated July 6, 2022, is completely false and misleading." Sebi further stated that "not only have there been violations but also the issuance of multiple false disclosures and submission of statements to cover up such wrongdoings."
Diversified commercial services company Sindhu Trade Links has announced that it has received clearance from the National Stock Exchange for direct listing of its shares on the Mainboard. Sindhu Trade Links shares are currently listed on the BSE.
Equity benchmarks indices reversed their early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. After hitting its lifetime high on Friday, the 30-share BSE index fell 216.28 points or 0.34 per cent to settle at 63,168.30. During the day, it declined 336.75 points or 0.53 per cent to 63,047.83.
About 86 per cent of Indian employees responded positively to a sense of pride at the workplace in 2023, while 84 per cent of workers responded positively to fairness and respect for their workplaces, a new report has revealed.
Mukesh Ambani-led Reliance Industries could earn $10-15 billion by 2023 from its new energy business spanning solar to hydrogen but will need acquisitions or partnerships to make up for limited expertise in technology, reported PTI, citing a report by Sanford C Bernstein, on Sunday.
Market regulator Sebi in its reply to the Securities and Appellate Tribunal (SAT) on the Zee Entertainment Enterprises Ltd's plea has called for urgent action against the promoters in the alleged fund diversion case to safeguard the management, investors and other stakeholders. In its affidavit, the Securities and Exchange Board of India (Sebi) pointed out that the applications made by Chairman Emeritus Subhash Chandra and Managing Director and CEO Punit Goenka on July 6, 2022, that "there was no urgency and that the same issue is the subject matter of the show cause notice dated July 6, 2022, is completely false and misleading." Sebi further stated that "not only have there been violations but also the issuance of multiple false disclosures and submission of statements to cover up such wrongdoings."
Diversified commercial services company Sindhu Trade Links has announced that it has received clearance from the National Stock Exchange for direct listing of its shares on the Mainboard. Sindhu Trade Links shares are currently listed on the BSE.
Equity benchmarks indices reversed their early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. After hitting its lifetime high on Friday, the 30-share BSE index fell 216.28 points or 0.34 per cent to settle at 63,168.30. During the day, it declined 336.75 points or 0.53 per cent to 63,047.83.
Vikas Ecotech, a leading provider of high-end specialty chemicals, is riding high post-raising funds via Qualified Institutional Placement (QIP) route and FIIs liquidity. The stock has made its investors wealthier by a whopping 76 percent in a year, according to BSE data.

Rs 2,000 note withdrawal can boost GDP growth: Report

Monday 19 June 2023 01:36 PM UTC+00
The Rs 2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond 6.5 per cent estimated by the RBI, a report said on Monday.
Bombay High Court on RBI Circular: The Bombay High Court on Monday granted an interim stay on the Reserve Bank of India's master circulars' effect which allowed the banks to declare any account as a fraud account without conducting a hearing.

IndiGo to buy 500 airbus planes in biggest aviation deal

Monday 19 June 2023 02:01 PM UTC+00
IndiGo placed an order for 500 Airbus A320 Family aircraft, the airline company said.
Adani Transmission has received the nod of shareholders to raise Rs 8,500 crore through the issuance of equity shares on a qualified institutional placement basis. According to the company's BSE filing, 98.64 per cent of shareholders voted in favour of the resolution and allowed it to raise the funds.
Diversified commercial services company Sindhu Trade Links has announced that it has received clearance from the National Stock Exchange for direct listing of its shares on the Mainboard. Sindhu Trade Links shares are currently listed on the BSE.
Equity benchmarks indices reversed their early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. After hitting its lifetime high on Friday, the 30-share BSE index fell 216.28 points or 0.34 per cent to settle at 63,168.30. During the day, it declined 336.75 points or 0.53 per cent to 63,047.83.
Vikas Ecotech, a leading provider of high-end specialty chemicals, is riding high post-raising funds via Qualified Institutional Placement (QIP) route and FIIs liquidity. The stock has made its investors wealthier by a whopping 76 percent in a year, according to BSE data.

Rs 2,000 note withdrawal can boost GDP growth: Report

Monday 19 June 2023 01:36 PM UTC+00
The Rs 2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond 6.5 per cent estimated by the RBI, a report said on Monday.
Bombay High Court on RBI Circular: The Bombay High Court on Monday granted an interim stay on the Reserve Bank of India's master circulars' effect which allowed the banks to declare any account as a fraud account without conducting a hearing.

IndiGo to buy 500 airbus planes in biggest aviation deal

Monday 19 June 2023 02:01 PM UTC+00
IndiGo placed an order for 500 Airbus A320 Family aircraft, the airline company said.
Adani Transmission has received the nod of shareholders to raise Rs 8,500 crore through the issuance of equity shares on a qualified institutional placement basis. According to the company's BSE filing, 98.64 per cent of shareholders voted in favour of the resolution and allowed it to raise the funds.
HMA Agro Industries IPO: The initial public offering (IPO) of HMA Agro Industries will open for subscription on Tuesday (June 20). The three-day subscription window will conclude on June 23.
Tata Power has planned to double its capital expenditure to Rs 12,000 crore in the current fiscal, with a focus on renewables, distribution, transmission and solar equipment manufacturing capacity. "To meet the growth targets, your company (Tata Power) plans to invest about Rs 12,000 crore, which is double the capex spent in FY23," Tata Power Chairman Natarajan Chandrasekaran said while addressing the 104th annual general meeting on Monday.
The Directorate General of Civil Aviation (DGCA) has given its nod to full-service carrier Vistara and no-frills IndiGo to operate new international flights from August. According to a senior official said, Vistara had sought the regulator's permission to launch its flight services to Bali in Indonesia from New Delhi while Vistara had proposed to launch air connectivity to Georgia's capital Tbilisi from New Delhi.
Equity benchmarks indices reversed their early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. After hitting its lifetime high on Friday, the 30-share BSE index fell 216.28 points or 0.34 per cent to settle at 63,168.30. During the day, it declined 336.75 points or 0.53 per cent to 63,047.83.
Vikas Ecotech, a leading provider of high-end specialty chemicals, is riding high post-raising funds via Qualified Institutional Placement (QIP) route and FIIs liquidity. The stock has made its investors wealthier by a whopping 76 percent in a year, according to BSE data.

Rs 2,000 note withdrawal can boost GDP growth: Report

Monday 19 June 2023 01:36 PM UTC+00
The Rs 2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond 6.5 per cent estimated by the RBI, a report said on Monday.
Bombay High Court on RBI Circular: The Bombay High Court on Monday granted an interim stay on the Reserve Bank of India's master circulars' effect which allowed the banks to declare any account as a fraud account without conducting a hearing.

IndiGo to buy 500 airbus planes in biggest aviation deal

Monday 19 June 2023 02:01 PM UTC+00
IndiGo placed an order for 500 Airbus A320 Family aircraft, the airline company said.
Adani Transmission has received the nod of shareholders to raise Rs 8,500 crore through the issuance of equity shares on a qualified institutional placement basis. According to the company's BSE filing, 98.64 per cent of shareholders voted in favour of the resolution and allowed it to raise the funds.
HMA Agro Industries IPO: The initial public offering (IPO) of HMA Agro Industries will open for subscription on Tuesday (June 20). The three-day subscription window will conclude on June 23.
Tata Power has planned to double its capital expenditure to Rs 12,000 crore in the current fiscal, with a focus on renewables, distribution, transmission and solar equipment manufacturing capacity. "To meet the growth targets, your company (Tata Power) plans to invest about Rs 12,000 crore, which is double the capex spent in FY23," Tata Power Chairman Natarajan Chandrasekaran said while addressing the 104th annual general meeting on Monday.
The Directorate General of Civil Aviation (DGCA) has given its nod to full-service carrier Vistara and no-frills IndiGo to operate new international flights from August. According to a senior official said, Vistara had sought the regulator's permission to launch its flight services to Bali in Indonesia from New Delhi while Vistara had proposed to launch air connectivity to Georgia's capital Tbilisi from New Delhi.
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday. The fresh round of firing comes at a time when the company has entered into a legal battle with lenders in the US for USD 1 billion term loan B.
Equity benchmarks indices reversed their early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. After hitting its lifetime high on Friday, the 30-share BSE index fell 216.28 points or 0.34 per cent to settle at 63,168.30. During the day, it declined 336.75 points or 0.53 per cent to 63,047.83.
Vikas Ecotech, a leading provider of high-end specialty chemicals, is riding high post-raising funds via Qualified Institutional Placement (QIP) route and FIIs liquidity. The stock has made its investors wealthier by a whopping 76 percent in a year, according to BSE data.

Rs 2,000 note withdrawal can boost GDP growth: Report

Monday 19 June 2023 01:36 PM UTC+00
The Rs 2,000 note withdrawal decision and response to it so far suggest that the move can help boost FY24 GDP growth to beyond 6.5 per cent estimated by the RBI, a report said on Monday.
Bombay High Court on RBI Circular: The Bombay High Court on Monday granted an interim stay on the Reserve Bank of India's master circulars' effect which allowed the banks to declare any account as a fraud account without conducting a hearing.

IndiGo to buy 500 airbus planes in biggest aviation deal

Monday 19 June 2023 02:01 PM UTC+00
IndiGo placed an order for 500 Airbus A320 Family aircraft, the airline company said.
Adani Transmission has received the nod of shareholders to raise Rs 8,500 crore through the issuance of equity shares on a qualified institutional placement basis. According to the company's BSE filing, 98.64 per cent of shareholders voted in favour of the resolution and allowed it to raise the funds.
HMA Agro Industries IPO: The initial public offering (IPO) of HMA Agro Industries will open for subscription on Tuesday (June 20). The three-day subscription window will conclude on June 23.
Tata Power has planned to double its capital expenditure to Rs 12,000 crore in the current fiscal, with a focus on renewables, distribution, transmission and solar equipment manufacturing capacity. "To meet the growth targets, your company (Tata Power) plans to invest about Rs 12,000 crore, which is double the capex spent in FY23," Tata Power Chairman Natarajan Chandrasekaran said while addressing the 104th annual general meeting on Monday.
The Directorate General of Civil Aviation (DGCA) has given its nod to full-service carrier Vistara and no-frills IndiGo to operate new international flights from August. According to a senior official said, Vistara had sought the regulator's permission to launch its flight services to Bali in Indonesia from New Delhi while Vistara had proposed to launch air connectivity to Georgia's capital Tbilisi from New Delhi.
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday. The fresh round of firing comes at a time when the company has entered into a legal battle with lenders in the US for USD 1 billion term loan B.
You received this email because you set up a subscription at Feedrabbit. This email was sent to you at epaperindia10@gmail.com. Unsubscribe or change your subscription.

Related Posts

There is no other posts in this category.
Subscribe Our Newsletter