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IndiaTV Business: Google News Feed: Digest for June 29, 2023

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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.
Retail prices of tomato skyrocketed to a high of Rs 100 per kg in some parts of India as supplies were hit due to heavy rains. "Tomato is being sold at a price of Rs 80 Kg. The rate has suddenly shot up in the past two-three days. This sudden increase in price is due to heavy rainfall. Rain has destroyed tomatoes," says Mohammad Raju, a resident of Delhi. 
India has slipped three ranks on the latest world competitiveness ranking released by the International Institute for Management Development (IMD). The country ranked 40th this year-- which is better than the 43rd rank in 2019-21. According to the IMD's World Competitiveness Centre (WCC) report, the government's efficiency has increased but still lagging in business efficiency infrastructure and economic performance.
According to RBI data released on Tuesday, India's current account deficit (CAD) decreased to USD 1.3 billion, or 0.2% of GDP, during the January-March quarter of FY23. This was primarily attributable to a moderated trade deficit and a robust increase in service exports.
UK Investment Minister Lord Dominic Johnson has said that he's very optimistic about the Free Trade Agreement (FTA) with India adding that it's really important for both nations and it is for businesses on both sides to help drive the agenda.
The Enforcement Directorate (ED) has arrested Supertech Owner RK Arora under the Prevention of Money Laundering Act (PMLA).
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.
Retail prices of tomato skyrocketed to a high of Rs 100 per kg in some parts of India as supplies were hit due to heavy rains. "Tomato is being sold at a price of Rs 80 Kg. The rate has suddenly shot up in the past two-three days. This sudden increase in price is due to heavy rainfall. Rain has destroyed tomatoes," says Mohammad Raju, a resident of Delhi. 
India has slipped three ranks on the latest world competitiveness ranking released by the International Institute for Management Development (IMD). The country ranked 40th this year-- which is better than the 43rd rank in 2019-21. According to the IMD's World Competitiveness Centre (WCC) report, the government's efficiency has increased but still lagging in business efficiency infrastructure and economic performance.
According to RBI data released on Tuesday, India's current account deficit (CAD) decreased to USD 1.3 billion, or 0.2% of GDP, during the January-March quarter of FY23. This was primarily attributable to a moderated trade deficit and a robust increase in service exports.
UK Investment Minister Lord Dominic Johnson has said that he's very optimistic about the Free Trade Agreement (FTA) with India adding that it's really important for both nations and it is for businesses on both sides to help drive the agenda.
The Enforcement Directorate (ED) has arrested Supertech Owner RK Arora under the Prevention of Money Laundering Act (PMLA).
Tomato prices remained on an upward trend due to commence of Monsoon rains in almost the entire country. The tomato prices on Wednesday crossed Rs 100/kg in Delhi, Bengaluru and Chennai. "In wholesale, we are getting tomatoes for Rs 60-80 kg. Subsequently in retail people will get it for Rs 90-100. The rates have gone up in the last 10-15 days due to rains," said Deepak, a tomato seller in Delhi
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.
Retail prices of tomato skyrocketed to a high of Rs 100 per kg in some parts of India as supplies were hit due to heavy rains. "Tomato is being sold at a price of Rs 80 Kg. The rate has suddenly shot up in the past two-three days. This sudden increase in price is due to heavy rainfall. Rain has destroyed tomatoes," says Mohammad Raju, a resident of Delhi. 
India has slipped three ranks on the latest world competitiveness ranking released by the International Institute for Management Development (IMD). The country ranked 40th this year-- which is better than the 43rd rank in 2019-21. According to the IMD's World Competitiveness Centre (WCC) report, the government's efficiency has increased but still lagging in business efficiency infrastructure and economic performance.
According to RBI data released on Tuesday, India's current account deficit (CAD) decreased to USD 1.3 billion, or 0.2% of GDP, during the January-March quarter of FY23. This was primarily attributable to a moderated trade deficit and a robust increase in service exports.
UK Investment Minister Lord Dominic Johnson has said that he's very optimistic about the Free Trade Agreement (FTA) with India adding that it's really important for both nations and it is for businesses on both sides to help drive the agenda.
The Enforcement Directorate (ED) has arrested Supertech Owner RK Arora under the Prevention of Money Laundering Act (PMLA).
Tomato prices remained on an upward trend due to commence of Monsoon rains in almost the entire country. The tomato prices on Wednesday crossed Rs 100/kg in Delhi, Bengaluru and Chennai. "In wholesale, we are getting tomatoes for Rs 60-80 kg. Subsequently in retail people will get it for Rs 90-100. The rates have gone up in the last 10-15 days due to rains," said Deepak, a tomato seller in Delhi
Benchmark Indian stock market indexes Nifty and Sensex hit record high levels on Wednesday as US markets and fresh foreign fund inflows gained momentum. The increase in domestic stocks can be attributed to the global market rally and firm macro fundamentals, including GDP outlook, moderate inflation and strong purchases.
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.
Retail prices of tomato skyrocketed to a high of Rs 100 per kg in some parts of India as supplies were hit due to heavy rains. "Tomato is being sold at a price of Rs 80 Kg. The rate has suddenly shot up in the past two-three days. This sudden increase in price is due to heavy rainfall. Rain has destroyed tomatoes," says Mohammad Raju, a resident of Delhi. 
India has slipped three ranks on the latest world competitiveness ranking released by the International Institute for Management Development (IMD). The country ranked 40th this year-- which is better than the 43rd rank in 2019-21. According to the IMD's World Competitiveness Centre (WCC) report, the government's efficiency has increased but still lagging in business efficiency infrastructure and economic performance.
According to RBI data released on Tuesday, India's current account deficit (CAD) decreased to USD 1.3 billion, or 0.2% of GDP, during the January-March quarter of FY23. This was primarily attributable to a moderated trade deficit and a robust increase in service exports.
UK Investment Minister Lord Dominic Johnson has said that he's very optimistic about the Free Trade Agreement (FTA) with India adding that it's really important for both nations and it is for businesses on both sides to help drive the agenda.
The Enforcement Directorate (ED) has arrested Supertech Owner RK Arora under the Prevention of Money Laundering Act (PMLA).
Tomato prices remained on an upward trend due to commence of Monsoon rains in almost the entire country. The tomato prices on Wednesday crossed Rs 100/kg in Delhi, Bengaluru and Chennai. "In wholesale, we are getting tomatoes for Rs 60-80 kg. Subsequently in retail people will get it for Rs 90-100. The rates have gone up in the last 10-15 days due to rains," said Deepak, a tomato seller in Delhi
Benchmark Indian stock market indexes Nifty and Sensex hit record high levels on Wednesday as US markets and fresh foreign fund inflows gained momentum. The increase in domestic stocks can be attributed to the global market rally and firm macro fundamentals, including GDP outlook, moderate inflation and strong purchases.

Adani Power's Jharkhand plant commences supply to Bangladesh

Wednesday 28 June 2023 08:16 AM UTC+00
Adani Power has started exporting power to Bangladesh from its 1,600MW plant in Jharkhand's Godda. Adani Power Jharkhand Limited (APJL), a wholly owned subsidiary of Adani Power Limited, has achieved commercial operations date (COD) of its second unit of 2x800 MW Godda ultra-supercritical thermal power plant, Adani Power said in a statement on Tuesday.

Go First extends flight cancellations till June 30

Wednesday 28 June 2023 09:10 AM UTC+00
Go First update: Go First, an airline facing a crisis, has announced that its scheduled flight operations will continue to be cancelled until June 30 for operational reasons. Initially, the airline said that operations would remain cancelled till June 25. Aircraft of the cash-strapped carrier have been grounded since May 3.
Retail prices of tomato skyrocketed to a high of Rs 100 per kg in some parts of India as supplies were hit due to heavy rains. "Tomato is being sold at a price of Rs 80 Kg. The rate has suddenly shot up in the past two-three days. This sudden increase in price is due to heavy rainfall. Rain has destroyed tomatoes," says Mohammad Raju, a resident of Delhi. 
India has slipped three ranks on the latest world competitiveness ranking released by the International Institute for Management Development (IMD). The country ranked 40th this year-- which is better than the 43rd rank in 2019-21. According to the IMD's World Competitiveness Centre (WCC) report, the government's efficiency has increased but still lagging in business efficiency infrastructure and economic performance.
According to RBI data released on Tuesday, India's current account deficit (CAD) decreased to USD 1.3 billion, or 0.2% of GDP, during the January-March quarter of FY23. This was primarily attributable to a moderated trade deficit and a robust increase in service exports.
UK Investment Minister Lord Dominic Johnson has said that he's very optimistic about the Free Trade Agreement (FTA) with India adding that it's really important for both nations and it is for businesses on both sides to help drive the agenda.
The Enforcement Directorate (ED) has arrested Supertech Owner RK Arora under the Prevention of Money Laundering Act (PMLA).
Tomato prices remained on an upward trend due to commence of Monsoon rains in almost the entire country. The tomato prices on Wednesday crossed Rs 100/kg in Delhi, Bengaluru and Chennai. "In wholesale, we are getting tomatoes for Rs 60-80 kg. Subsequently in retail people will get it for Rs 90-100. The rates have gone up in the last 10-15 days due to rains," said Deepak, a tomato seller in Delhi
Benchmark Indian stock market indexes Nifty and Sensex hit record high levels on Wednesday as US markets and fresh foreign fund inflows gained momentum. The increase in domestic stocks can be attributed to the global market rally and firm macro fundamentals, including GDP outlook, moderate inflation and strong purchases.

Adani Power's Jharkhand plant commences supply to Bangladesh

Wednesday 28 June 2023 08:16 AM UTC+00
Adani Power has started exporting power to Bangladesh from its 1,600MW plant in Jharkhand's Godda. Adani Power Jharkhand Limited (APJL), a wholly owned subsidiary of Adani Power Limited, has achieved commercial operations date (COD) of its second unit of 2x800 MW Godda ultra-supercritical thermal power plant, Adani Power said in a statement on Tuesday.

Go First extends flight cancellations till June 30

Wednesday 28 June 2023 09:10 AM UTC+00
Go First update: Go First, an airline facing a crisis, has announced that its scheduled flight operations will continue to be cancelled until June 30 for operational reasons. Initially, the airline said that operations would remain cancelled till June 25. Aircraft of the cash-strapped carrier have been grounded since May 3.
Benchmark equity indices hit their lifetime high levels on Wednesday, with the Sensex reaching the record 64,000-mark and the Nifty scaling the 19,000 level in intra-day trade, propelled by fresh foreign fund inflows and a rally in the US and European markets. Buying in market heavyweight stocks like Reliance Industries and HDFC Bank added to the positive momentum.
The Enforcement Directorate (ED) has arrested Supertech Owner RK Arora under the Prevention of Money Laundering Act (PMLA).
Tomato prices remained on an upward trend due to commence of Monsoon rains in almost the entire country. The tomato prices on Wednesday crossed Rs 100/kg in Delhi, Bengaluru and Chennai. "In wholesale, we are getting tomatoes for Rs 60-80 kg. Subsequently in retail people will get it for Rs 90-100. The rates have gone up in the last 10-15 days due to rains," said Deepak, a tomato seller in Delhi
Benchmark Indian stock market indexes Nifty and Sensex hit record high levels on Wednesday as US markets and fresh foreign fund inflows gained momentum. The increase in domestic stocks can be attributed to the global market rally and firm macro fundamentals, including GDP outlook, moderate inflation and strong purchases.

Adani Power's Jharkhand plant commences supply to Bangladesh

Wednesday 28 June 2023 08:16 AM UTC+00
Adani Power has started exporting power to Bangladesh from its 1,600MW plant in Jharkhand's Godda. Adani Power Jharkhand Limited (APJL), a wholly owned subsidiary of Adani Power Limited, has achieved commercial operations date (COD) of its second unit of 2x800 MW Godda ultra-supercritical thermal power plant, Adani Power said in a statement on Tuesday.

Go First extends flight cancellations till June 30

Wednesday 28 June 2023 09:10 AM UTC+00
Go First update: Go First, an airline facing a crisis, has announced that its scheduled flight operations will continue to be cancelled until June 30 for operational reasons. Initially, the airline said that operations would remain cancelled till June 25. Aircraft of the cash-strapped carrier have been grounded since May 3.
Benchmark equity indices hit their lifetime high levels on Wednesday, with the Sensex reaching the record 64,000-mark and the Nifty scaling the 19,000 level in intra-day trade, propelled by fresh foreign fund inflows and a rally in the US and European markets. Buying in market heavyweight stocks like Reliance Industries and HDFC Bank added to the positive momentum.
Days after announcing Rs 330 crore capex plan, Punjab based metal giant has informed that the board is considering approving bonus share issuance. According to an exchange filing by the company, its board will meet on June 29 to take a final call.
Reserve Bank Governor Shaktikanta Das on Wednesday said that the Indian economy has made a strong recuperation and is among the quickest developing enormous economies in spite of elevated vulnerabilities and considerable headwinds.
The Gujarat government on Wednesday signed a Memorandum of Understanding with computer storage chip maker Micron for setting up a USD 2.75 billion semiconductor assembly and test facility at Sanand in Ahmedabad district.
The Finance Ministry on Wednesday said that there will not be any change in the rate of Tax Collection at Source (TCS) for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment for amounts up to Rs. 7 lakh per individual per annum. 
The Enforcement Directorate (ED) has arrested Supertech Owner RK Arora under the Prevention of Money Laundering Act (PMLA).
Tomato prices remained on an upward trend due to commence of Monsoon rains in almost the entire country. The tomato prices on Wednesday crossed Rs 100/kg in Delhi, Bengaluru and Chennai. "In wholesale, we are getting tomatoes for Rs 60-80 kg. Subsequently in retail people will get it for Rs 90-100. The rates have gone up in the last 10-15 days due to rains," said Deepak, a tomato seller in Delhi
Benchmark Indian stock market indexes Nifty and Sensex hit record high levels on Wednesday as US markets and fresh foreign fund inflows gained momentum. The increase in domestic stocks can be attributed to the global market rally and firm macro fundamentals, including GDP outlook, moderate inflation and strong purchases.

Adani Power's Jharkhand plant commences supply to Bangladesh

Wednesday 28 June 2023 08:16 AM UTC+00
Adani Power has started exporting power to Bangladesh from its 1,600MW plant in Jharkhand's Godda. Adani Power Jharkhand Limited (APJL), a wholly owned subsidiary of Adani Power Limited, has achieved commercial operations date (COD) of its second unit of 2x800 MW Godda ultra-supercritical thermal power plant, Adani Power said in a statement on Tuesday.

Go First extends flight cancellations till June 30

Wednesday 28 June 2023 09:10 AM UTC+00
Go First update: Go First, an airline facing a crisis, has announced that its scheduled flight operations will continue to be cancelled until June 30 for operational reasons. Initially, the airline said that operations would remain cancelled till June 25. Aircraft of the cash-strapped carrier have been grounded since May 3.
Benchmark equity indices hit their lifetime high levels on Wednesday, with the Sensex reaching the record 64,000-mark and the Nifty scaling the 19,000 level in intra-day trade, propelled by fresh foreign fund inflows and a rally in the US and European markets. Buying in market heavyweight stocks like Reliance Industries and HDFC Bank added to the positive momentum.
Days after announcing Rs 330 crore capex plan, Punjab based metal giant has informed that the board is considering approving bonus share issuance. According to an exchange filing by the company, its board will meet on June 29 to take a final call.
Reserve Bank Governor Shaktikanta Das on Wednesday said that the Indian economy has made a strong recuperation and is among the quickest developing enormous economies in spite of elevated vulnerabilities and considerable headwinds.
The Gujarat government on Wednesday signed a Memorandum of Understanding with computer storage chip maker Micron for setting up a USD 2.75 billion semiconductor assembly and test facility at Sanand in Ahmedabad district.
The Finance Ministry on Wednesday said that there will not be any change in the rate of Tax Collection at Source (TCS) for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment for amounts up to Rs. 7 lakh per individual per annum. 
The Enforcement Directorate (ED) has arrested Supertech Owner RK Arora under the Prevention of Money Laundering Act (PMLA).
Tomato prices remained on an upward trend due to commence of Monsoon rains in almost the entire country. The tomato prices on Wednesday crossed Rs 100/kg in Delhi, Bengaluru and Chennai. "In wholesale, we are getting tomatoes for Rs 60-80 kg. Subsequently in retail people will get it for Rs 90-100. The rates have gone up in the last 10-15 days due to rains," said Deepak, a tomato seller in Delhi
Benchmark Indian stock market indexes Nifty and Sensex hit record high levels on Wednesday as US markets and fresh foreign fund inflows gained momentum. The increase in domestic stocks can be attributed to the global market rally and firm macro fundamentals, including GDP outlook, moderate inflation and strong purchases.

Adani Power's Jharkhand plant commences supply to Bangladesh

Wednesday 28 June 2023 08:16 AM UTC+00
Adani Power has started exporting power to Bangladesh from its 1,600MW plant in Jharkhand's Godda. Adani Power Jharkhand Limited (APJL), a wholly owned subsidiary of Adani Power Limited, has achieved commercial operations date (COD) of its second unit of 2x800 MW Godda ultra-supercritical thermal power plant, Adani Power said in a statement on Tuesday.

Go First extends flight cancellations till June 30

Wednesday 28 June 2023 09:10 AM UTC+00
Go First update: Go First, an airline facing a crisis, has announced that its scheduled flight operations will continue to be cancelled until June 30 for operational reasons. Initially, the airline said that operations would remain cancelled till June 25. Aircraft of the cash-strapped carrier have been grounded since May 3.
Benchmark equity indices hit their lifetime high levels on Wednesday, with the Sensex reaching the record 64,000-mark and the Nifty scaling the 19,000 level in intra-day trade, propelled by fresh foreign fund inflows and a rally in the US and European markets. Buying in market heavyweight stocks like Reliance Industries and HDFC Bank added to the positive momentum.
Days after announcing Rs 330 crore capex plan, Punjab based metal giant has informed that the board is considering approving bonus share issuance. According to an exchange filing by the company, its board will meet on June 29 to take a final call.
Reserve Bank Governor Shaktikanta Das on Wednesday said that the Indian economy has made a strong recuperation and is among the quickest developing enormous economies in spite of elevated vulnerabilities and considerable headwinds.
The Gujarat government on Wednesday signed a Memorandum of Understanding with computer storage chip maker Micron for setting up a USD 2.75 billion semiconductor assembly and test facility at Sanand in Ahmedabad district.
The Finance Ministry on Wednesday said that there will not be any change in the rate of Tax Collection at Source (TCS) for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment for amounts up to Rs. 7 lakh per individual per annum. 
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