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IndiaTV Business: Google News Feed: Digest for June 23, 2023

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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.  
Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated USD 70 billion at list prices.     The Tata Group-owned airline announced that it will buy 470 aircraft, including wide-body planes, in February this year.     The "firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft," the airline said in a release.     The purchase agreements were signed on the sidelines of the ongoing Paris Air Show.     Air India said the agreements go "one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year".     The Airbus A350 will lead the deliveries of the new aircraft later this year, with the bulk of the order to arrive from mid-2025 onwards, it said.     N Chandrasekaran, Chairman of Tata Sons and Air India, said the landmark step further positions Air India for long-term growth and success that, "we have every hope, will come together to represent the best of modern aviation to the world".      Air India has already started taking delivery of 11 leased B777 and 25 A320 aircraft to accelerate its fleet and network expansion.     Campbell Wilson, Air India CEO, and MD said its ambitious fleet renewal and expansion programme will see the airline operate the most advanced and fuel-efficient aircraft across its route network within five years.     Satair, an Airbus company, and Boeing Global Services will support Air India with a broad range of solutions, including parts and maintenance provisioning, digital applications, and modification services.
Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries.
Prime Minister Narendra Modi has met leading American economist Prof Paul Romer, investor and co-founder of the hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views and briefed them about the reform trajectory of his government to foster economic growth.
As part of its expansion plans, Akasa Air said on Wednesday that it would acquire four additional Boeing 737 Max aircraft and would announce a "three-digit" aircraft order later this year. In addition to the initial order book of 72 Boeing 737 Max aircraft, these four aircraft will be delivered.
Sylvester daCunha, the creater of Amul's 'Utterly butterly' campaign has passed away. He was in his 80s.
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.  
Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated USD 70 billion at list prices.     The Tata Group-owned airline announced that it will buy 470 aircraft, including wide-body planes, in February this year.     The "firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft," the airline said in a release.     The purchase agreements were signed on the sidelines of the ongoing Paris Air Show.     Air India said the agreements go "one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year".     The Airbus A350 will lead the deliveries of the new aircraft later this year, with the bulk of the order to arrive from mid-2025 onwards, it said.     N Chandrasekaran, Chairman of Tata Sons and Air India, said the landmark step further positions Air India for long-term growth and success that, "we have every hope, will come together to represent the best of modern aviation to the world".      Air India has already started taking delivery of 11 leased B777 and 25 A320 aircraft to accelerate its fleet and network expansion.     Campbell Wilson, Air India CEO, and MD said its ambitious fleet renewal and expansion programme will see the airline operate the most advanced and fuel-efficient aircraft across its route network within five years.     Satair, an Airbus company, and Boeing Global Services will support Air India with a broad range of solutions, including parts and maintenance provisioning, digital applications, and modification services.
Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries.
Prime Minister Narendra Modi has met leading American economist Prof Paul Romer, investor and co-founder of the hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views and briefed them about the reform trajectory of his government to foster economic growth.
As part of its expansion plans, Akasa Air said on Wednesday that it would acquire four additional Boeing 737 Max aircraft and would announce a "three-digit" aircraft order later this year. In addition to the initial order book of 72 Boeing 737 Max aircraft, these four aircraft will be delivered.
Sylvester daCunha, the creater of Amul's 'Utterly butterly' campaign has passed away. He was in his 80s.
Go First update: Crisis-hit airline Go First on Wednesday (June 21) announced that its scheduled flight operations will remain cancelled till June 25 (Sunday) due to operational reasons. Earlier, the airline said that operations would remain cancelled till June 22 (Thursday). Aircraft of the cash-strapped carrier have been grounded since May 3.
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.  
Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated USD 70 billion at list prices.     The Tata Group-owned airline announced that it will buy 470 aircraft, including wide-body planes, in February this year.     The "firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft," the airline said in a release.     The purchase agreements were signed on the sidelines of the ongoing Paris Air Show.     Air India said the agreements go "one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year".     The Airbus A350 will lead the deliveries of the new aircraft later this year, with the bulk of the order to arrive from mid-2025 onwards, it said.     N Chandrasekaran, Chairman of Tata Sons and Air India, said the landmark step further positions Air India for long-term growth and success that, "we have every hope, will come together to represent the best of modern aviation to the world".      Air India has already started taking delivery of 11 leased B777 and 25 A320 aircraft to accelerate its fleet and network expansion.     Campbell Wilson, Air India CEO, and MD said its ambitious fleet renewal and expansion programme will see the airline operate the most advanced and fuel-efficient aircraft across its route network within five years.     Satair, an Airbus company, and Boeing Global Services will support Air India with a broad range of solutions, including parts and maintenance provisioning, digital applications, and modification services.
Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries.
Prime Minister Narendra Modi has met leading American economist Prof Paul Romer, investor and co-founder of the hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views and briefed them about the reform trajectory of his government to foster economic growth.
As part of its expansion plans, Akasa Air said on Wednesday that it would acquire four additional Boeing 737 Max aircraft and would announce a "three-digit" aircraft order later this year. In addition to the initial order book of 72 Boeing 737 Max aircraft, these four aircraft will be delivered.
Sylvester daCunha, the creater of Amul's 'Utterly butterly' campaign has passed away. He was in his 80s.
Go First update: Crisis-hit airline Go First on Wednesday (June 21) announced that its scheduled flight operations will remain cancelled till June 25 (Sunday) due to operational reasons. Earlier, the airline said that operations would remain cancelled till June 22 (Thursday). Aircraft of the cash-strapped carrier have been grounded since May 3.
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.  
Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated USD 70 billion at list prices.     The Tata Group-owned airline announced that it will buy 470 aircraft, including wide-body planes, in February this year.     The "firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft," the airline said in a release.     The purchase agreements were signed on the sidelines of the ongoing Paris Air Show.     Air India said the agreements go "one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year".     The Airbus A350 will lead the deliveries of the new aircraft later this year, with the bulk of the order to arrive from mid-2025 onwards, it said.     N Chandrasekaran, Chairman of Tata Sons and Air India, said the landmark step further positions Air India for long-term growth and success that, "we have every hope, will come together to represent the best of modern aviation to the world".      Air India has already started taking delivery of 11 leased B777 and 25 A320 aircraft to accelerate its fleet and network expansion.     Campbell Wilson, Air India CEO, and MD said its ambitious fleet renewal and expansion programme will see the airline operate the most advanced and fuel-efficient aircraft across its route network within five years.     Satair, an Airbus company, and Boeing Global Services will support Air India with a broad range of solutions, including parts and maintenance provisioning, digital applications, and modification services.
Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries.
Prime Minister Narendra Modi has met leading American economist Prof Paul Romer, investor and co-founder of the hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views and briefed them about the reform trajectory of his government to foster economic growth.
As part of its expansion plans, Akasa Air said on Wednesday that it would acquire four additional Boeing 737 Max aircraft and would announce a "three-digit" aircraft order later this year. In addition to the initial order book of 72 Boeing 737 Max aircraft, these four aircraft will be delivered.
Sylvester daCunha, the creater of Amul's 'Utterly butterly' campaign has passed away. He was in his 80s.
Go First update: Crisis-hit airline Go First on Wednesday (June 21) announced that its scheduled flight operations will remain cancelled till June 25 (Sunday) due to operational reasons. Earlier, the airline said that operations would remain cancelled till June 22 (Thursday). Aircraft of the cash-strapped carrier have been grounded since May 3.
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.  
Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated USD 70 billion at list prices.     The Tata Group-owned airline announced that it will buy 470 aircraft, including wide-body planes, in February this year.     The "firm orders include 34 A350-1000, 6 A350-900, 20 Boeing 787 Dreamliners and 10 Boeing 777X widebody aircraft, as well as 140 Airbus A320neo, 70 Airbus A321neo, and 190 Boeing 737MAX narrow-body aircraft," the airline said in a release.     The purchase agreements were signed on the sidelines of the ongoing Paris Air Show.     Air India said the agreements go "one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year".     The Airbus A350 will lead the deliveries of the new aircraft later this year, with the bulk of the order to arrive from mid-2025 onwards, it said.     N Chandrasekaran, Chairman of Tata Sons and Air India, said the landmark step further positions Air India for long-term growth and success that, "we have every hope, will come together to represent the best of modern aviation to the world".      Air India has already started taking delivery of 11 leased B777 and 25 A320 aircraft to accelerate its fleet and network expansion.     Campbell Wilson, Air India CEO, and MD said its ambitious fleet renewal and expansion programme will see the airline operate the most advanced and fuel-efficient aircraft across its route network within five years.     Satair, an Airbus company, and Boeing Global Services will support Air India with a broad range of solutions, including parts and maintenance provisioning, digital applications, and modification services.
Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries.
Prime Minister Narendra Modi has met leading American economist Prof Paul Romer, investor and co-founder of the hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views and briefed them about the reform trajectory of his government to foster economic growth.
As part of its expansion plans, Akasa Air said on Wednesday that it would acquire four additional Boeing 737 Max aircraft and would announce a "three-digit" aircraft order later this year. In addition to the initial order book of 72 Boeing 737 Max aircraft, these four aircraft will be delivered.
Sylvester daCunha, the creater of Amul's 'Utterly butterly' campaign has passed away. He was in his 80s.
Go First update: Crisis-hit airline Go First on Wednesday (June 21) announced that its scheduled flight operations will remain cancelled till June 25 (Sunday) due to operational reasons. Earlier, the airline said that operations would remain cancelled till June 22 (Thursday). Aircraft of the cash-strapped carrier have been grounded since May 3.
Ride-hailing giant Uber is laying off 200 employees in its recruitment division in a cost-cutting exercise. According to a report in The Wall Street Journal, the latest cuts account for 35 per cent of Uber's recruiting team. Earlier this year, the company had cut 150 jobs from its freight services division. The company had announced in May that it would maintain a flat workforce.  Uber has also expressed confidence in achieving its targeted revenue by the end of 2023.
PM Modi US visit: In one of the breakthrough outcomes of the Prime Minister Narendra Modi's visit to United States, the Micron Technology on Thursday announced that it will set up a semiconductor test, assembly plant in Gujarat with a total investment of USD 2.75 billion. 
Benchmark indices climbed in early trade on Wednesday, with the BSE Sensex hitting its lifetime high of 63,588.31, amid buying in index majors HDFC twins and Reliance Industries.
Prime Minister Narendra Modi has met leading American economist Prof Paul Romer, investor and co-founder of the hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views and briefed them about the reform trajectory of his government to foster economic growth.
As part of its expansion plans, Akasa Air said on Wednesday that it would acquire four additional Boeing 737 Max aircraft and would announce a "three-digit" aircraft order later this year. In addition to the initial order book of 72 Boeing 737 Max aircraft, these four aircraft will be delivered.
Sylvester daCunha, the creater of Amul's 'Utterly butterly' campaign has passed away. He was in his 80s.
Go First update: Crisis-hit airline Go First on Wednesday (June 21) announced that its scheduled flight operations will remain cancelled till June 25 (Sunday) due to operational reasons. Earlier, the airline said that operations would remain cancelled till June 22 (Thursday). Aircraft of the cash-strapped carrier have been grounded since May 3.
Ride-hailing giant Uber is laying off 200 employees in its recruitment division in a cost-cutting exercise. According to a report in The Wall Street Journal, the latest cuts account for 35 per cent of Uber's recruiting team. Earlier this year, the company had cut 150 jobs from its freight services division. The company had announced in May that it would maintain a flat workforce.  Uber has also expressed confidence in achieving its targeted revenue by the end of 2023.
PM Modi US visit: In one of the breakthrough outcomes of the Prime Minister Narendra Modi's visit to United States, the Micron Technology on Thursday announced that it will set up a semiconductor test, assembly plant in Gujarat with a total investment of USD 2.75 billion. 
Shaktikanta Das, governor of the Reserve Bank of India, stated on Thursday that restoring India's inflation levels to a manageable range is like finishing a job that is half done. He also stated that the fight against price increases will need to be conducted in a manner in which inflation figures are consistently aligned around 4.0 percent.

Sebi slaps Rs 20 lakh on 4 entities for non-genuine trades

Thursday 22 June 2023 02:22 PM UTC+00
Capital markets regulator Sebi on Thursday slapped penalties totalling Rs 20 lakh on four entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. The regulator imposed a fine of Rs 5 lakh each on Niruben Manojbhai Chudasama, Raj Kumar Lohiya, Nufact Merchandise Pvt Ltd and Nitu Agarwal.
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by 11 per cent in 2022 to 3.42 billion Swiss francs (nearly Rs 30,000 crore), annual data from Switzerland's central bank showed on Thursday. The decline in aggregate funds of Indian clients with Swiss banks, from a 14-year-high of CHF 3.83 billion in 2021, follows two consecutive years of increase and was largely driven by a sharp plunge of nearly 34 per cent in customer deposit accounts from a seven-year high.
Prime Minister Narendra Modi has met leading American economist Prof Paul Romer, investor and co-founder of the hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views and briefed them about the reform trajectory of his government to foster economic growth.
As part of its expansion plans, Akasa Air said on Wednesday that it would acquire four additional Boeing 737 Max aircraft and would announce a "three-digit" aircraft order later this year. In addition to the initial order book of 72 Boeing 737 Max aircraft, these four aircraft will be delivered.
Sylvester daCunha, the creater of Amul's 'Utterly butterly' campaign has passed away. He was in his 80s.
Go First update: Crisis-hit airline Go First on Wednesday (June 21) announced that its scheduled flight operations will remain cancelled till June 25 (Sunday) due to operational reasons. Earlier, the airline said that operations would remain cancelled till June 22 (Thursday). Aircraft of the cash-strapped carrier have been grounded since May 3.
Ride-hailing giant Uber is laying off 200 employees in its recruitment division in a cost-cutting exercise. According to a report in The Wall Street Journal, the latest cuts account for 35 per cent of Uber's recruiting team. Earlier this year, the company had cut 150 jobs from its freight services division. The company had announced in May that it would maintain a flat workforce.  Uber has also expressed confidence in achieving its targeted revenue by the end of 2023.
PM Modi US visit: In one of the breakthrough outcomes of the Prime Minister Narendra Modi's visit to United States, the Micron Technology on Thursday announced that it will set up a semiconductor test, assembly plant in Gujarat with a total investment of USD 2.75 billion. 
Shaktikanta Das, governor of the Reserve Bank of India, stated on Thursday that restoring India's inflation levels to a manageable range is like finishing a job that is half done. He also stated that the fight against price increases will need to be conducted in a manner in which inflation figures are consistently aligned around 4.0 percent.

Sebi slaps Rs 20 lakh on 4 entities for non-genuine trades

Thursday 22 June 2023 02:22 PM UTC+00
Capital markets regulator Sebi on Thursday slapped penalties totalling Rs 20 lakh on four entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. The regulator imposed a fine of Rs 5 lakh each on Niruben Manojbhai Chudasama, Raj Kumar Lohiya, Nufact Merchandise Pvt Ltd and Nitu Agarwal.
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by 11 per cent in 2022 to 3.42 billion Swiss francs (nearly Rs 30,000 crore), annual data from Switzerland's central bank showed on Thursday. The decline in aggregate funds of Indian clients with Swiss banks, from a 14-year-high of CHF 3.83 billion in 2021, follows two consecutive years of increase and was largely driven by a sharp plunge of nearly 34 per cent in customer deposit accounts from a seven-year high.
Audit firm Deloitte has resigned as auditors of Byju's citing a delay in submission of financial statements while almost simultaneously three of the edtech firm's board members have quit in what is being seen as a deepening crisis at the decacorn. Deloitte Haskins & Sells, which was slated to audit Byju's until 2025, stepped down with "immediate effect" mid-term stating that "the financial statements of the company are long delayed.
Prime Minister Narendra Modi has met leading American economist Prof Paul Romer, investor and co-founder of the hedge fund, Bridgewater Associates Ray Dalio, and other eminent thought leaders and exchanged views and briefed them about the reform trajectory of his government to foster economic growth.
As part of its expansion plans, Akasa Air said on Wednesday that it would acquire four additional Boeing 737 Max aircraft and would announce a "three-digit" aircraft order later this year. In addition to the initial order book of 72 Boeing 737 Max aircraft, these four aircraft will be delivered.
Sylvester daCunha, the creater of Amul's 'Utterly butterly' campaign has passed away. He was in his 80s.
Go First update: Crisis-hit airline Go First on Wednesday (June 21) announced that its scheduled flight operations will remain cancelled till June 25 (Sunday) due to operational reasons. Earlier, the airline said that operations would remain cancelled till June 22 (Thursday). Aircraft of the cash-strapped carrier have been grounded since May 3.
Ride-hailing giant Uber is laying off 200 employees in its recruitment division in a cost-cutting exercise. According to a report in The Wall Street Journal, the latest cuts account for 35 per cent of Uber's recruiting team. Earlier this year, the company had cut 150 jobs from its freight services division. The company had announced in May that it would maintain a flat workforce.  Uber has also expressed confidence in achieving its targeted revenue by the end of 2023.
PM Modi US visit: In one of the breakthrough outcomes of the Prime Minister Narendra Modi's visit to United States, the Micron Technology on Thursday announced that it will set up a semiconductor test, assembly plant in Gujarat with a total investment of USD 2.75 billion. 
Shaktikanta Das, governor of the Reserve Bank of India, stated on Thursday that restoring India's inflation levels to a manageable range is like finishing a job that is half done. He also stated that the fight against price increases will need to be conducted in a manner in which inflation figures are consistently aligned around 4.0 percent.

Sebi slaps Rs 20 lakh on 4 entities for non-genuine trades

Thursday 22 June 2023 02:22 PM UTC+00
Capital markets regulator Sebi on Thursday slapped penalties totalling Rs 20 lakh on four entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. The regulator imposed a fine of Rs 5 lakh each on Niruben Manojbhai Chudasama, Raj Kumar Lohiya, Nufact Merchandise Pvt Ltd and Nitu Agarwal.
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by 11 per cent in 2022 to 3.42 billion Swiss francs (nearly Rs 30,000 crore), annual data from Switzerland's central bank showed on Thursday. The decline in aggregate funds of Indian clients with Swiss banks, from a 14-year-high of CHF 3.83 billion in 2021, follows two consecutive years of increase and was largely driven by a sharp plunge of nearly 34 per cent in customer deposit accounts from a seven-year high.
Audit firm Deloitte has resigned as auditors of Byju's citing a delay in submission of financial statements while almost simultaneously three of the edtech firm's board members have quit in what is being seen as a deepening crisis at the decacorn. Deloitte Haskins & Sells, which was slated to audit Byju's until 2025, stepped down with "immediate effect" mid-term stating that "the financial statements of the company are long delayed.
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