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IndiaTV Business: Google News Feed: Digest for June 03, 2023

IndiaTV Business: Google News Feed

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The Ministry of Electronics and IT has started a pilot project on electronics repair services outsourcing which it expects to have a revenue potential of USD 20 billion over a period of the next five years.
Go First update: The Directorate General of Civil Aviation (DGCA) has told the Delhi High Court that it was due to a technical glitch on its portal that the applications of several aircraft lessors of cash-strapped Go First airline for de-registration of their aircraft were shown as rejected.
New Delhi: Petroleum and oil marketing companies have revised the prices of commercial LPG gas cylinders. The price of a 19 kg commercial LPG cylinder has been reduced by Rs 83.50. The prices for both commercial and domestic LPG cylinders are revised on the first day of every month. The new rates will be applicable from today. 
Stock markets: Equity benchmark indices declined in initial trade on Thursday but soon bounced back to trade in the positive territory amid strong GDP data, continuous foreign fund inflows and a largely optimistic trend in Asian markets. The 30-share BSE Sensex declined 77.28 points to 62,544.96 in early trade even after a positive beginning. The NSE Nifty dipped 15.35 points to 18,519.05.
Digital payments have grown sharply in the past few years. The pandemic gave a strong boost to the Indian digital payments industry and increasingly more users are switching to digital modes every day. With the fintech industry gaining a solid footing
New Delhi: Tesla CEO Elon Musk has reclaimed his position of the richest person in the world, surpassing the CEO of the French luxury brand Louis Vuitton Bernard Arnault, news agency ANI reported citing a Bloomberg Billionaires Index report. The Tesla CEO surpassed Bernard Arnault after shares of the latter's LVMH tumbled 2.6 per cent in Paris trading.
San Francisco: E-commerce giant Amazon will pay $25 million penalty to the US Federal Trade Commission (FTC) over violating the children's privacy law by keeping their Alexa voice recordings and deceiving parents and users of the Alexa voice assistant service about its data deletion practices.
Power consumption in India: Power consumption rose marginally by 1.04 per cent to 136.56 billion units in May this year as widespread rains have kept summer temperature under check so far and people used fewer cooling appliances compared to last year. In the year-ago period, power consumption stood at 135.15 billion units (BU), higher than 108.80 BU in May 2021, according to government data. 
The gross Good & Services Tax (GST) collections rise 12 per cent to Rs 1.57 lakh crore in May, said Finance Ministry in a statement released on Thursday. The GST revenue collected in the month of May, 2023 is Rs 1,57,090 crore of which Central GST is Rs 28,411 crore, State GST is Rs 35,828 crore, Integrated GST is Rs 81,363 crore (including Rs 41,772 crore collected on import of goods) and cess is Rs 11,489 crore (including Rs 1,057 crore collected on import of goods).
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that the board has approved Qualified Institutional Placement (QIP). It is a method wherein a firm issue shares to the public without going through regulatory compliance.
Go First update: The Directorate General of Civil Aviation (DGCA) has told the Delhi High Court that it was due to a technical glitch on its portal that the applications of several aircraft lessors of cash-strapped Go First airline for de-registration of their aircraft were shown as rejected.
New Delhi: Petroleum and oil marketing companies have revised the prices of commercial LPG gas cylinders. The price of a 19 kg commercial LPG cylinder has been reduced by Rs 83.50. The prices for both commercial and domestic LPG cylinders are revised on the first day of every month. The new rates will be applicable from today. 
Stock markets: Equity benchmark indices declined in initial trade on Thursday but soon bounced back to trade in the positive territory amid strong GDP data, continuous foreign fund inflows and a largely optimistic trend in Asian markets. The 30-share BSE Sensex declined 77.28 points to 62,544.96 in early trade even after a positive beginning. The NSE Nifty dipped 15.35 points to 18,519.05.
Digital payments have grown sharply in the past few years. The pandemic gave a strong boost to the Indian digital payments industry and increasingly more users are switching to digital modes every day. With the fintech industry gaining a solid footing
New Delhi: Tesla CEO Elon Musk has reclaimed his position of the richest person in the world, surpassing the CEO of the French luxury brand Louis Vuitton Bernard Arnault, news agency ANI reported citing a Bloomberg Billionaires Index report. The Tesla CEO surpassed Bernard Arnault after shares of the latter's LVMH tumbled 2.6 per cent in Paris trading.
San Francisco: E-commerce giant Amazon will pay $25 million penalty to the US Federal Trade Commission (FTC) over violating the children's privacy law by keeping their Alexa voice recordings and deceiving parents and users of the Alexa voice assistant service about its data deletion practices.
Power consumption in India: Power consumption rose marginally by 1.04 per cent to 136.56 billion units in May this year as widespread rains have kept summer temperature under check so far and people used fewer cooling appliances compared to last year. In the year-ago period, power consumption stood at 135.15 billion units (BU), higher than 108.80 BU in May 2021, according to government data. 
The gross Good & Services Tax (GST) collections rise 12 per cent to Rs 1.57 lakh crore in May, said Finance Ministry in a statement released on Thursday. The GST revenue collected in the month of May, 2023 is Rs 1,57,090 crore of which Central GST is Rs 28,411 crore, State GST is Rs 35,828 crore, Integrated GST is Rs 81,363 crore (including Rs 41,772 crore collected on import of goods) and cess is Rs 11,489 crore (including Rs 1,057 crore collected on import of goods).
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that the board has approved Qualified Institutional Placement (QIP). It is a method wherein a firm issue shares to the public without going through regulatory compliance.
Stock markets: Equity benchmark indices bounced back in early trade on Friday after two days of fall, following a positive trend in global markets. Also, automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra reporting robust wholesales of passenger vehicles in the domestic market in May and GST collections crossing Rs 1.50 lakh crore for the third month in a row, recording 12 per cent increase in May, added to the optimism.
Digital payments have grown sharply in the past few years. The pandemic gave a strong boost to the Indian digital payments industry and increasingly more users are switching to digital modes every day. With the fintech industry gaining a solid footing
New Delhi: Tesla CEO Elon Musk has reclaimed his position of the richest person in the world, surpassing the CEO of the French luxury brand Louis Vuitton Bernard Arnault, news agency ANI reported citing a Bloomberg Billionaires Index report. The Tesla CEO surpassed Bernard Arnault after shares of the latter's LVMH tumbled 2.6 per cent in Paris trading.
San Francisco: E-commerce giant Amazon will pay $25 million penalty to the US Federal Trade Commission (FTC) over violating the children's privacy law by keeping their Alexa voice recordings and deceiving parents and users of the Alexa voice assistant service about its data deletion practices.
Power consumption in India: Power consumption rose marginally by 1.04 per cent to 136.56 billion units in May this year as widespread rains have kept summer temperature under check so far and people used fewer cooling appliances compared to last year. In the year-ago period, power consumption stood at 135.15 billion units (BU), higher than 108.80 BU in May 2021, according to government data. 
The gross Good & Services Tax (GST) collections rise 12 per cent to Rs 1.57 lakh crore in May, said Finance Ministry in a statement released on Thursday. The GST revenue collected in the month of May, 2023 is Rs 1,57,090 crore of which Central GST is Rs 28,411 crore, State GST is Rs 35,828 crore, Integrated GST is Rs 81,363 crore (including Rs 41,772 crore collected on import of goods) and cess is Rs 11,489 crore (including Rs 1,057 crore collected on import of goods).
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that the board has approved Qualified Institutional Placement (QIP). It is a method wherein a firm issue shares to the public without going through regulatory compliance.
Stock markets: Equity benchmark indices bounced back in early trade on Friday after two days of fall, following a positive trend in global markets. Also, automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra reporting robust wholesales of passenger vehicles in the domestic market in May and GST collections crossing Rs 1.50 lakh crore for the third month in a row, recording 12 per cent increase in May, added to the optimism.
Cape Town: The BRICS nations on Friday underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade. A joint statement issued at the end of the meeting of the BRICS Ministers of Foreign Affairs and International Relations, also pressed for a robust Global Financial Safety Net with a quota-based and adequately resourced International Monetary Fund (IMF) at its centre.
From YouTube CEO Neal Mohan to Google CEO Sunder Pichai to Laxman Narasimhan of Starbucks, at least two dozen Indian-origin CEOs have not only managed global businesses but also exceeded India's current GDP. According to reports, 24 Indian CEO-led global companies - with a collective market value overtaking $5 trillion --surpassed India's current GDP.
Swaraj Tractors on Friday launched a new range of compact lightweight tractors with price starting from Rs 5.35 lakh (ex-showroom).  The company said it has decided to roll out two models -- Target 630 and Target 625 -- in 20-30 HP category under the new Target range.
New Delhi: Tesla CEO Elon Musk has reclaimed his position of the richest person in the world, surpassing the CEO of the French luxury brand Louis Vuitton Bernard Arnault, news agency ANI reported citing a Bloomberg Billionaires Index report. The Tesla CEO surpassed Bernard Arnault after shares of the latter's LVMH tumbled 2.6 per cent in Paris trading.
San Francisco: E-commerce giant Amazon will pay $25 million penalty to the US Federal Trade Commission (FTC) over violating the children's privacy law by keeping their Alexa voice recordings and deceiving parents and users of the Alexa voice assistant service about its data deletion practices.
Power consumption in India: Power consumption rose marginally by 1.04 per cent to 136.56 billion units in May this year as widespread rains have kept summer temperature under check so far and people used fewer cooling appliances compared to last year. In the year-ago period, power consumption stood at 135.15 billion units (BU), higher than 108.80 BU in May 2021, according to government data. 
The gross Good & Services Tax (GST) collections rise 12 per cent to Rs 1.57 lakh crore in May, said Finance Ministry in a statement released on Thursday. The GST revenue collected in the month of May, 2023 is Rs 1,57,090 crore of which Central GST is Rs 28,411 crore, State GST is Rs 35,828 crore, Integrated GST is Rs 81,363 crore (including Rs 41,772 crore collected on import of goods) and cess is Rs 11,489 crore (including Rs 1,057 crore collected on import of goods).
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that the board has approved Qualified Institutional Placement (QIP). It is a method wherein a firm issue shares to the public without going through regulatory compliance.
Stock markets: Equity benchmark indices bounced back in early trade on Friday after two days of fall, following a positive trend in global markets. Also, automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra reporting robust wholesales of passenger vehicles in the domestic market in May and GST collections crossing Rs 1.50 lakh crore for the third month in a row, recording 12 per cent increase in May, added to the optimism.
Cape Town: The BRICS nations on Friday underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade. A joint statement issued at the end of the meeting of the BRICS Ministers of Foreign Affairs and International Relations, also pressed for a robust Global Financial Safety Net with a quota-based and adequately resourced International Monetary Fund (IMF) at its centre.
From YouTube CEO Neal Mohan to Google CEO Sunder Pichai to Laxman Narasimhan of Starbucks, at least two dozen Indian-origin CEOs have not only managed global businesses but also exceeded India's current GDP. According to reports, 24 Indian CEO-led global companies - with a collective market value overtaking $5 trillion --surpassed India's current GDP.
Swaraj Tractors on Friday launched a new range of compact lightweight tractors with price starting from Rs 5.35 lakh (ex-showroom).  The company said it has decided to roll out two models -- Target 630 and Target 625 -- in 20-30 HP category under the new Target range.
As the government aims to make India the global manufacturing hub and increase the sector's GDP share to 25 per cent from the existing 16 per cent, leading steel pipes maker Rama Steel Tubes has posted strong numbers in the January to March quarter led by strong demand in for iron and steel products.
New Delhi: Tesla CEO Elon Musk has reclaimed his position of the richest person in the world, surpassing the CEO of the French luxury brand Louis Vuitton Bernard Arnault, news agency ANI reported citing a Bloomberg Billionaires Index report. The Tesla CEO surpassed Bernard Arnault after shares of the latter's LVMH tumbled 2.6 per cent in Paris trading.
San Francisco: E-commerce giant Amazon will pay $25 million penalty to the US Federal Trade Commission (FTC) over violating the children's privacy law by keeping their Alexa voice recordings and deceiving parents and users of the Alexa voice assistant service about its data deletion practices.
Power consumption in India: Power consumption rose marginally by 1.04 per cent to 136.56 billion units in May this year as widespread rains have kept summer temperature under check so far and people used fewer cooling appliances compared to last year. In the year-ago period, power consumption stood at 135.15 billion units (BU), higher than 108.80 BU in May 2021, according to government data. 
The gross Good & Services Tax (GST) collections rise 12 per cent to Rs 1.57 lakh crore in May, said Finance Ministry in a statement released on Thursday. The GST revenue collected in the month of May, 2023 is Rs 1,57,090 crore of which Central GST is Rs 28,411 crore, State GST is Rs 35,828 crore, Integrated GST is Rs 81,363 crore (including Rs 41,772 crore collected on import of goods) and cess is Rs 11,489 crore (including Rs 1,057 crore collected on import of goods).
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that the board has approved Qualified Institutional Placement (QIP). It is a method wherein a firm issue shares to the public without going through regulatory compliance.
Stock markets: Equity benchmark indices bounced back in early trade on Friday after two days of fall, following a positive trend in global markets. Also, automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra reporting robust wholesales of passenger vehicles in the domestic market in May and GST collections crossing Rs 1.50 lakh crore for the third month in a row, recording 12 per cent increase in May, added to the optimism.
Cape Town: The BRICS nations on Friday underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade. A joint statement issued at the end of the meeting of the BRICS Ministers of Foreign Affairs and International Relations, also pressed for a robust Global Financial Safety Net with a quota-based and adequately resourced International Monetary Fund (IMF) at its centre.
From YouTube CEO Neal Mohan to Google CEO Sunder Pichai to Laxman Narasimhan of Starbucks, at least two dozen Indian-origin CEOs have not only managed global businesses but also exceeded India's current GDP. According to reports, 24 Indian CEO-led global companies - with a collective market value overtaking $5 trillion --surpassed India's current GDP.
Swaraj Tractors on Friday launched a new range of compact lightweight tractors with price starting from Rs 5.35 lakh (ex-showroom).  The company said it has decided to roll out two models -- Target 630 and Target 625 -- in 20-30 HP category under the new Target range.
As the government aims to make India the global manufacturing hub and increase the sector's GDP share to 25 per cent from the existing 16 per cent, leading steel pipes maker Rama Steel Tubes has posted strong numbers in the January to March quarter led by strong demand in for iron and steel products.
New Delhi: Tesla CEO Elon Musk has reclaimed his position of the richest person in the world, surpassing the CEO of the French luxury brand Louis Vuitton Bernard Arnault, news agency ANI reported citing a Bloomberg Billionaires Index report. The Tesla CEO surpassed Bernard Arnault after shares of the latter's LVMH tumbled 2.6 per cent in Paris trading.
San Francisco: E-commerce giant Amazon will pay $25 million penalty to the US Federal Trade Commission (FTC) over violating the children's privacy law by keeping their Alexa voice recordings and deceiving parents and users of the Alexa voice assistant service about its data deletion practices.
Power consumption in India: Power consumption rose marginally by 1.04 per cent to 136.56 billion units in May this year as widespread rains have kept summer temperature under check so far and people used fewer cooling appliances compared to last year. In the year-ago period, power consumption stood at 135.15 billion units (BU), higher than 108.80 BU in May 2021, according to government data. 
The gross Good & Services Tax (GST) collections rise 12 per cent to Rs 1.57 lakh crore in May, said Finance Ministry in a statement released on Thursday. The GST revenue collected in the month of May, 2023 is Rs 1,57,090 crore of which Central GST is Rs 28,411 crore, State GST is Rs 35,828 crore, Integrated GST is Rs 81,363 crore (including Rs 41,772 crore collected on import of goods) and cess is Rs 11,489 crore (including Rs 1,057 crore collected on import of goods).
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that the board has approved Qualified Institutional Placement (QIP). It is a method wherein a firm issue shares to the public without going through regulatory compliance.
Stock markets: Equity benchmark indices bounced back in early trade on Friday after two days of fall, following a positive trend in global markets. Also, automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra reporting robust wholesales of passenger vehicles in the domestic market in May and GST collections crossing Rs 1.50 lakh crore for the third month in a row, recording 12 per cent increase in May, added to the optimism.
Cape Town: The BRICS nations on Friday underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade. A joint statement issued at the end of the meeting of the BRICS Ministers of Foreign Affairs and International Relations, also pressed for a robust Global Financial Safety Net with a quota-based and adequately resourced International Monetary Fund (IMF) at its centre.
From YouTube CEO Neal Mohan to Google CEO Sunder Pichai to Laxman Narasimhan of Starbucks, at least two dozen Indian-origin CEOs have not only managed global businesses but also exceeded India's current GDP. According to reports, 24 Indian CEO-led global companies - with a collective market value overtaking $5 trillion --surpassed India's current GDP.
Swaraj Tractors on Friday launched a new range of compact lightweight tractors with price starting from Rs 5.35 lakh (ex-showroom).  The company said it has decided to roll out two models -- Target 630 and Target 625 -- in 20-30 HP category under the new Target range.
As the government aims to make India the global manufacturing hub and increase the sector's GDP share to 25 per cent from the existing 16 per cent, leading steel pipes maker Rama Steel Tubes has posted strong numbers in the January to March quarter led by strong demand in for iron and steel products.
New Delhi: Tesla CEO Elon Musk has reclaimed his position of the richest person in the world, surpassing the CEO of the French luxury brand Louis Vuitton Bernard Arnault, news agency ANI reported citing a Bloomberg Billionaires Index report. The Tesla CEO surpassed Bernard Arnault after shares of the latter's LVMH tumbled 2.6 per cent in Paris trading.
San Francisco: E-commerce giant Amazon will pay $25 million penalty to the US Federal Trade Commission (FTC) over violating the children's privacy law by keeping their Alexa voice recordings and deceiving parents and users of the Alexa voice assistant service about its data deletion practices.
Power consumption in India: Power consumption rose marginally by 1.04 per cent to 136.56 billion units in May this year as widespread rains have kept summer temperature under check so far and people used fewer cooling appliances compared to last year. In the year-ago period, power consumption stood at 135.15 billion units (BU), higher than 108.80 BU in May 2021, according to government data. 
The gross Good & Services Tax (GST) collections rise 12 per cent to Rs 1.57 lakh crore in May, said Finance Ministry in a statement released on Thursday. The GST revenue collected in the month of May, 2023 is Rs 1,57,090 crore of which Central GST is Rs 28,411 crore, State GST is Rs 35,828 crore, Integrated GST is Rs 81,363 crore (including Rs 41,772 crore collected on import of goods) and cess is Rs 11,489 crore (including Rs 1,057 crore collected on import of goods).
Vikas Ecotech, a leading provider of high-end specialty chemicals, has announced that the board has approved Qualified Institutional Placement (QIP). It is a method wherein a firm issue shares to the public without going through regulatory compliance.
Stock markets: Equity benchmark indices bounced back in early trade on Friday after two days of fall, following a positive trend in global markets. Also, automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra reporting robust wholesales of passenger vehicles in the domestic market in May and GST collections crossing Rs 1.50 lakh crore for the third month in a row, recording 12 per cent increase in May, added to the optimism.
Cape Town: The BRICS nations on Friday underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade. A joint statement issued at the end of the meeting of the BRICS Ministers of Foreign Affairs and International Relations, also pressed for a robust Global Financial Safety Net with a quota-based and adequately resourced International Monetary Fund (IMF) at its centre.
From YouTube CEO Neal Mohan to Google CEO Sunder Pichai to Laxman Narasimhan of Starbucks, at least two dozen Indian-origin CEOs have not only managed global businesses but also exceeded India's current GDP. According to reports, 24 Indian CEO-led global companies - with a collective market value overtaking $5 trillion --surpassed India's current GDP.
Swaraj Tractors on Friday launched a new range of compact lightweight tractors with price starting from Rs 5.35 lakh (ex-showroom).  The company said it has decided to roll out two models -- Target 630 and Target 625 -- in 20-30 HP category under the new Target range.
As the government aims to make India the global manufacturing hub and increase the sector's GDP share to 25 per cent from the existing 16 per cent, leading steel pipes maker Rama Steel Tubes has posted strong numbers in the January to March quarter led by strong demand in for iron and steel products.
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