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IndiaTV Business: Google News Feed: Digest for June 24, 2023

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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.
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.
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.
Petrol and diesel price cut: Consumers can get good news very soon regarding the petrol and diesel price cut. As per the reports the fuel prices could be bought down in the coming months. Oil marketing companies (OMC) may cut petrol and diesel price by Rs 4-5 per litre from August in view of the key state elections likely from November-December onwards.
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.
Petrol and diesel price cut: Consumers can get good news very soon regarding the petrol and diesel price cut. As per the reports the fuel prices could be bought down in the coming months. Oil marketing companies (OMC) may cut petrol and diesel price by Rs 4-5 per litre from August in view of the key state elections likely from November-December onwards.
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.
Petrol and diesel price cut: Consumers can get good news very soon regarding the petrol and diesel price cut. As per the reports the fuel prices could be bought down in the coming months. Oil marketing companies (OMC) may cut petrol and diesel price by Rs 4-5 per litre from August in view of the key state elections likely from November-December onwards.

India's forex reserves jump $2.35 billion to $596 billion

Friday 23 June 2023 03:02 PM UTC+00
India's forex reserves increased by USD 2.35 billion to USD 596.098 billion for the week ended June 16, the Reserve Bank said on Friday. The overall reserves had dropped by USD 1.318 billion to USD 593.749 billion in the previous reporting week.
New Power Tariff Rule: Electricity consumers across the country can save up to 20 per cent in power bills by planning usage during solar hours or daytime as the government is set to implement a 'time of the day' tariff. The Government of India has introduced two changes to the prevailing power tariff system, through an amendment to the Electricity (Rights of Consumers) Rules, 2020. The changes are- the introduction of the Time of Day (ToD) Tariff and the rationalization of smart metering provisions.
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.
Petrol and diesel price cut: Consumers can get good news very soon regarding the petrol and diesel price cut. As per the reports the fuel prices could be bought down in the coming months. Oil marketing companies (OMC) may cut petrol and diesel price by Rs 4-5 per litre from August in view of the key state elections likely from November-December onwards.

India's forex reserves jump $2.35 billion to $596 billion

Friday 23 June 2023 03:02 PM UTC+00
India's forex reserves increased by USD 2.35 billion to USD 596.098 billion for the week ended June 16, the Reserve Bank said on Friday. The overall reserves had dropped by USD 1.318 billion to USD 593.749 billion in the previous reporting week.
New Power Tariff Rule: Electricity consumers across the country can save up to 20 per cent in power bills by planning usage during solar hours or daytime as the government is set to implement a 'time of the day' tariff. The Government of India has introduced two changes to the prevailing power tariff system, through an amendment to the Electricity (Rights of Consumers) Rules, 2020. The changes are- the introduction of the Time of Day (ToD) Tariff and the rationalization of smart metering provisions.

HDFC Life gets Rs 942-crore GST demand notice

Friday 23 June 2023 06:05 PM UTC+00
HDFC Life Insurance on Friday said it has received a demand notice of more than Rs 942 crore for non-payment of GST. The matter relates to the claiming of input tax credit against the supply of services, which the Directorate of Goods and Services Tax (GST) Intelligence (DGGI) believes are ineligible for such claims, it said.
Jio Satellite Communications is the only satellite communication firm that has favoured auction for the allocation of spectrum while other players in the segment, including telecom operator Bharti Airtel, have opposed it.
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.
Petrol and diesel price cut: Consumers can get good news very soon regarding the petrol and diesel price cut. As per the reports the fuel prices could be bought down in the coming months. Oil marketing companies (OMC) may cut petrol and diesel price by Rs 4-5 per litre from August in view of the key state elections likely from November-December onwards.

India's forex reserves jump $2.35 billion to $596 billion

Friday 23 June 2023 03:02 PM UTC+00
India's forex reserves increased by USD 2.35 billion to USD 596.098 billion for the week ended June 16, the Reserve Bank said on Friday. The overall reserves had dropped by USD 1.318 billion to USD 593.749 billion in the previous reporting week.
New Power Tariff Rule: Electricity consumers across the country can save up to 20 per cent in power bills by planning usage during solar hours or daytime as the government is set to implement a 'time of the day' tariff. The Government of India has introduced two changes to the prevailing power tariff system, through an amendment to the Electricity (Rights of Consumers) Rules, 2020. The changes are- the introduction of the Time of Day (ToD) Tariff and the rationalization of smart metering provisions.

HDFC Life gets Rs 942-crore GST demand notice

Friday 23 June 2023 06:05 PM UTC+00
HDFC Life Insurance on Friday said it has received a demand notice of more than Rs 942 crore for non-payment of GST. The matter relates to the claiming of input tax credit against the supply of services, which the Directorate of Goods and Services Tax (GST) Intelligence (DGGI) believes are ineligible for such claims, it said.
Jio Satellite Communications is the only satellite communication firm that has favoured auction for the allocation of spectrum while other players in the segment, including telecom operator Bharti Airtel, have opposed it.
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