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IndiaTV Business: Google News Feed: Digest for June 27, 2023

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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.
Google CEO Sundar Pichai, who met Prime Minister Narendra Modi at the White Hosue on Friday, said that the company is going to invest $10 billion in India's digitisation fund adding they are going to open global fintech operation centre in GIFT City in Gujarat.
On the occasion of Adani Group Chairman, Gautam Adani's 61st birthday, the 1983 World Cup champions graced the inaugural edition of the Adani Day on Saturday. Adani Group invited and felicitated all the world champion sportspersons to make the occasion special. The special thing is that the achievement of this Indian team is going to complete 40 years a day later on Sunday, June 25.
According to Reserve Bank Governor Shaktikanta Das, more than two-thirds of the Rs 2,000 currency notes were returned to the system within a month of the recall order. The Reserve Bank ordered the recall of Rs 2,000 banknotes worth approximately Rs 3.62 lakh crore on May 19 in an unexpected move that was part of the clean note policy. 
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
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.
Google CEO Sundar Pichai, who met Prime Minister Narendra Modi at the White Hosue on Friday, said that the company is going to invest $10 billion in India's digitisation fund adding they are going to open global fintech operation centre in GIFT City in Gujarat.
On the occasion of Adani Group Chairman, Gautam Adani's 61st birthday, the 1983 World Cup champions graced the inaugural edition of the Adani Day on Saturday. Adani Group invited and felicitated all the world champion sportspersons to make the occasion special. The special thing is that the achievement of this Indian team is going to complete 40 years a day later on Sunday, June 25.
According to Reserve Bank Governor Shaktikanta Das, more than two-thirds of the Rs 2,000 currency notes were returned to the system within a month of the recall order. The Reserve Bank ordered the recall of Rs 2,000 banknotes worth approximately Rs 3.62 lakh crore on May 19 in an unexpected move that was part of the clean note policy. 
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
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.
Google CEO Sundar Pichai, who met Prime Minister Narendra Modi at the White Hosue on Friday, said that the company is going to invest $10 billion in India's digitisation fund adding they are going to open global fintech operation centre in GIFT City in Gujarat.
On the occasion of Adani Group Chairman, Gautam Adani's 61st birthday, the 1983 World Cup champions graced the inaugural edition of the Adani Day on Saturday. Adani Group invited and felicitated all the world champion sportspersons to make the occasion special. The special thing is that the achievement of this Indian team is going to complete 40 years a day later on Sunday, June 25.
According to Reserve Bank Governor Shaktikanta Das, more than two-thirds of the Rs 2,000 currency notes were returned to the system within a month of the recall order. The Reserve Bank ordered the recall of Rs 2,000 banknotes worth approximately Rs 3.62 lakh crore on May 19 in an unexpected move that was part of the clean note policy. 
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
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.
Google CEO Sundar Pichai, who met Prime Minister Narendra Modi at the White Hosue on Friday, said that the company is going to invest $10 billion in India's digitisation fund adding they are going to open global fintech operation centre in GIFT City in Gujarat.
On the occasion of Adani Group Chairman, Gautam Adani's 61st birthday, the 1983 World Cup champions graced the inaugural edition of the Adani Day on Saturday. Adani Group invited and felicitated all the world champion sportspersons to make the occasion special. The special thing is that the achievement of this Indian team is going to complete 40 years a day later on Sunday, June 25.
According to Reserve Bank Governor Shaktikanta Das, more than two-thirds of the Rs 2,000 currency notes were returned to the system within a month of the recall order. The Reserve Bank ordered the recall of Rs 2,000 banknotes worth approximately Rs 3.62 lakh crore on May 19 in an unexpected move that was part of the clean note policy. 
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
Asian shares fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. Benchmarks declined in Tokyo, Sydney Hong Kong and Shanghai, but rose in Seoul. The rebellion by mercenary soldiers who briefly took over a Russian military headquarters on an ominous march toward Moscow was over. But the brief weakened President Vladimir Putin just as his forces were facing a fierce counteroffensive in Ukraine.

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.
Google CEO Sundar Pichai, who met Prime Minister Narendra Modi at the White Hosue on Friday, said that the company is going to invest $10 billion in India's digitisation fund adding they are going to open global fintech operation centre in GIFT City in Gujarat.
On the occasion of Adani Group Chairman, Gautam Adani's 61st birthday, the 1983 World Cup champions graced the inaugural edition of the Adani Day on Saturday. Adani Group invited and felicitated all the world champion sportspersons to make the occasion special. The special thing is that the achievement of this Indian team is going to complete 40 years a day later on Sunday, June 25.
According to Reserve Bank Governor Shaktikanta Das, more than two-thirds of the Rs 2,000 currency notes were returned to the system within a month of the recall order. The Reserve Bank ordered the recall of Rs 2,000 banknotes worth approximately Rs 3.62 lakh crore on May 19 in an unexpected move that was part of the clean note policy. 
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
Asian shares fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. Benchmarks declined in Tokyo, Sydney Hong Kong and Shanghai, but rose in Seoul. The rebellion by mercenary soldiers who briefly took over a Russian military headquarters on an ominous march toward Moscow was over. But the brief weakened President Vladimir Putin just as his forces were facing a fierce counteroffensive in Ukraine.
IT services and solutions provider Synoptics Technologies on Monday said it has fixed a price of Rs 237 a share for its initial offer sale, which will open on June 30.

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.
Google CEO Sundar Pichai, who met Prime Minister Narendra Modi at the White Hosue on Friday, said that the company is going to invest $10 billion in India's digitisation fund adding they are going to open global fintech operation centre in GIFT City in Gujarat.
On the occasion of Adani Group Chairman, Gautam Adani's 61st birthday, the 1983 World Cup champions graced the inaugural edition of the Adani Day on Saturday. Adani Group invited and felicitated all the world champion sportspersons to make the occasion special. The special thing is that the achievement of this Indian team is going to complete 40 years a day later on Sunday, June 25.
According to Reserve Bank Governor Shaktikanta Das, more than two-thirds of the Rs 2,000 currency notes were returned to the system within a month of the recall order. The Reserve Bank ordered the recall of Rs 2,000 banknotes worth approximately Rs 3.62 lakh crore on May 19 in an unexpected move that was part of the clean note policy. 
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
Asian shares fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. Benchmarks declined in Tokyo, Sydney Hong Kong and Shanghai, but rose in Seoul. The rebellion by mercenary soldiers who briefly took over a Russian military headquarters on an ominous march toward Moscow was over. But the brief weakened President Vladimir Putin just as his forces were facing a fierce counteroffensive in Ukraine.
Leading IT services and solutions provider Synoptics Technologies has fixed the issue price at Rs 237 for its initial public offering (IPO).
Infosys Danske Bank deal: Infosys has bagged a digital transformation deal with Denmark-based Danske Bank valued at USD 454 million for a period of five years, the company said on Monday. As part of the strategic collaboration, Infosys will also acquire Danske Bank's IT centre in India which employs 1400 digitally skilled professionals.
The Employees Provident Fund Organization (EPFO) has extended the application deadline for the third time. Members who are eligible can now apply for a higher pension through July 11.

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.
Google CEO Sundar Pichai, who met Prime Minister Narendra Modi at the White Hosue on Friday, said that the company is going to invest $10 billion in India's digitisation fund adding they are going to open global fintech operation centre in GIFT City in Gujarat.
On the occasion of Adani Group Chairman, Gautam Adani's 61st birthday, the 1983 World Cup champions graced the inaugural edition of the Adani Day on Saturday. Adani Group invited and felicitated all the world champion sportspersons to make the occasion special. The special thing is that the achievement of this Indian team is going to complete 40 years a day later on Sunday, June 25.
According to Reserve Bank Governor Shaktikanta Das, more than two-thirds of the Rs 2,000 currency notes were returned to the system within a month of the recall order. The Reserve Bank ordered the recall of Rs 2,000 banknotes worth approximately Rs 3.62 lakh crore on May 19 in an unexpected move that was part of the clean note policy. 
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
Asian shares fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. Benchmarks declined in Tokyo, Sydney Hong Kong and Shanghai, but rose in Seoul. The rebellion by mercenary soldiers who briefly took over a Russian military headquarters on an ominous march toward Moscow was over. But the brief weakened President Vladimir Putin just as his forces were facing a fierce counteroffensive in Ukraine.
Leading IT services and solutions provider Synoptics Technologies has fixed the issue price at Rs 237 for its initial public offering (IPO).
Infosys Danske Bank deal: Infosys has bagged a digital transformation deal with Denmark-based Danske Bank valued at USD 454 million for a period of five years, the company said on Monday. As part of the strategic collaboration, Infosys will also acquire Danske Bank's IT centre in India which employs 1400 digitally skilled professionals.
The Employees Provident Fund Organization (EPFO) has extended the application deadline for the third time. Members who are eligible can now apply for a higher pension through July 11.
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