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IndiaTV Business: Google News Feed: Digest for June 21, 2023

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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.
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.
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.
The current Managing Director of the State Bank of India (SBI) Swaminathan Janakiraman has been appointed as the Deputy Governor of the Reserve Bank of India by the government on Tuesday.  
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.
The current Managing Director of the State Bank of India (SBI) Swaminathan Janakiraman has been appointed as the Deputy Governor of the Reserve Bank of India by the government on Tuesday.  
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.
The current Managing Director of the State Bank of India (SBI) Swaminathan Janakiraman has been appointed as the Deputy Governor of the Reserve Bank of India by the government on Tuesday.  
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.
The current Managing Director of the State Bank of India (SBI) Swaminathan Janakiraman has been appointed as the Deputy Governor of the Reserve Bank of India by the government on Tuesday.  
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