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IndiaTV Business: Google News Feed: Digest for June 07, 2023

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Hardwyn India shares to turn ex-bonus, split today

Sunday 04 June 2023 06:47 AM UTC+00
Hardwyn India shares are in focus ever since the company approved sub-division of equity shares and bonus issuance. The shares of the architectural hardware maker will turn ex-date for bonus and sub-division on Monday (June 5). 

Walmart shareholding in PhonePe drops to 85 per cent

Sunday 04 June 2023 09:10 AM UTC+00
New Delhi: Retail giant Walmart's shareholding in decacorn fintech firm PhonePe has dropped to 85 per cent from 89 per cent following its ongoing fundraise of USD 1 billion, the US based firm said. PhonePe has now raised a total of USD 850 million of primary capital in the current round till the end of May.
Metals company Manaksia Limited has announced to pay dividend to its shareholders for the financial year 2022-23. The company has informed exchanges that its board at a meeting has recommended Rs 3 dividend per equity share.
The group of oil-producing countries resolved on Sunday to extend oil production curbs through 2024 as petrol prices remained stable, according to The Hill. The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC Plus, met on Sunday and resolved to prolong the oil output cutbacks under the leadership of Russia and Saudi Arabia.
Mumbai: Benchmark indices started the trade on a firm note on Monday with the Sensex climbing over 367.98 points amid an optimistic trend in global markets. The 30-share BSE Sensex jumped 367.98 points to 62,915.09 in early trade. The NSE Nifty advanced 75.35 points to 18,609.50.
Mahindra Group on Monday said it has appointed Amarjyoti Barua as Executive Vice President, Group Strategy. In this role, he will lead the Group Strategy Office, working closely with the overall portfolio of businesses.
RO Jewels, a small cap company engaged in the wholesale business of gold and silver chains, has posted stellar numbers in the financial year 2022-23 as its revenue jumped more than 900 per cent to Rs 506 crore.
Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has made a full prepayment of USD 2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms and also another USD 700 million in loans taken for the acquisition of Ambuja Cement. "The prepayment was done along with interest payment of USD 203 million," it added.
RBI Governor Shaktikanta Das on Monday launched a financial inclusion dashboard named 'Antardrishti'. As the name suggests, the dashboard will provide the required insight to assess and monitor the progress of financial inclusion by capturing relevant parameters, the Reserve Bank of India (RBI) said in a statement.
In times characterized by fiscal instability and erratic market conditions, savvy investors are always looking for ways to develop and safeguard their assets. In these circumstances, commercial property has emerged as a tempting investment opportunity, presenting distinct benefits and the possibility for long-term prosperity. In recent years, commercial ownership has emerged to be among the most profitable investment possibilities. The explanations for this upsurge are several, ranging from the possibility of high rental returns to rising demand for commercial space and the asset class's general stability. Commercial real estate has attracted the interest of investors searching for a lucrative outlet that's capable of withstanding economic swings due to its great returns, stability, and diversification benefits.

Walmart shareholding in PhonePe drops to 85 per cent

Sunday 04 June 2023 09:10 AM UTC+00
New Delhi: Retail giant Walmart's shareholding in decacorn fintech firm PhonePe has dropped to 85 per cent from 89 per cent following its ongoing fundraise of USD 1 billion, the US based firm said. PhonePe has now raised a total of USD 850 million of primary capital in the current round till the end of May.
Metals company Manaksia Limited has announced to pay dividend to its shareholders for the financial year 2022-23. The company has informed exchanges that its board at a meeting has recommended Rs 3 dividend per equity share.
The group of oil-producing countries resolved on Sunday to extend oil production curbs through 2024 as petrol prices remained stable, according to The Hill. The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC Plus, met on Sunday and resolved to prolong the oil output cutbacks under the leadership of Russia and Saudi Arabia.
Mumbai: Benchmark indices started the trade on a firm note on Monday with the Sensex climbing over 367.98 points amid an optimistic trend in global markets. The 30-share BSE Sensex jumped 367.98 points to 62,915.09 in early trade. The NSE Nifty advanced 75.35 points to 18,609.50.
Mahindra Group on Monday said it has appointed Amarjyoti Barua as Executive Vice President, Group Strategy. In this role, he will lead the Group Strategy Office, working closely with the overall portfolio of businesses.
RO Jewels, a small cap company engaged in the wholesale business of gold and silver chains, has posted stellar numbers in the financial year 2022-23 as its revenue jumped more than 900 per cent to Rs 506 crore.
Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has made a full prepayment of USD 2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms and also another USD 700 million in loans taken for the acquisition of Ambuja Cement. "The prepayment was done along with interest payment of USD 203 million," it added.
RBI Governor Shaktikanta Das on Monday launched a financial inclusion dashboard named 'Antardrishti'. As the name suggests, the dashboard will provide the required insight to assess and monitor the progress of financial inclusion by capturing relevant parameters, the Reserve Bank of India (RBI) said in a statement.
In times characterized by fiscal instability and erratic market conditions, savvy investors are always looking for ways to develop and safeguard their assets. In these circumstances, commercial property has emerged as a tempting investment opportunity, presenting distinct benefits and the possibility for long-term prosperity. In recent years, commercial ownership has emerged to be among the most profitable investment possibilities. The explanations for this upsurge are several, ranging from the possibility of high rental returns to rising demand for commercial space and the asset class's general stability. Commercial real estate has attracted the interest of investors searching for a lucrative outlet that's capable of withstanding economic swings due to its great returns, stability, and diversification benefits.
Stock markets: Benchmark indices Sensex and Nifty declined in early trade on Tuesday. The 30-share BSE Sensex declined 72.61 points to 62,714.86, while the NSE Nifty declined 12.15 points to 18,581.70. 
Metals company Manaksia Limited has announced to pay dividend to its shareholders for the financial year 2022-23. The company has informed exchanges that its board at a meeting has recommended Rs 3 dividend per equity share.
The group of oil-producing countries resolved on Sunday to extend oil production curbs through 2024 as petrol prices remained stable, according to The Hill. The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC Plus, met on Sunday and resolved to prolong the oil output cutbacks under the leadership of Russia and Saudi Arabia.
Mumbai: Benchmark indices started the trade on a firm note on Monday with the Sensex climbing over 367.98 points amid an optimistic trend in global markets. The 30-share BSE Sensex jumped 367.98 points to 62,915.09 in early trade. The NSE Nifty advanced 75.35 points to 18,609.50.
Mahindra Group on Monday said it has appointed Amarjyoti Barua as Executive Vice President, Group Strategy. In this role, he will lead the Group Strategy Office, working closely with the overall portfolio of businesses.
RO Jewels, a small cap company engaged in the wholesale business of gold and silver chains, has posted stellar numbers in the financial year 2022-23 as its revenue jumped more than 900 per cent to Rs 506 crore.
Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has made a full prepayment of USD 2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms and also another USD 700 million in loans taken for the acquisition of Ambuja Cement. "The prepayment was done along with interest payment of USD 203 million," it added.
RBI Governor Shaktikanta Das on Monday launched a financial inclusion dashboard named 'Antardrishti'. As the name suggests, the dashboard will provide the required insight to assess and monitor the progress of financial inclusion by capturing relevant parameters, the Reserve Bank of India (RBI) said in a statement.
In times characterized by fiscal instability and erratic market conditions, savvy investors are always looking for ways to develop and safeguard their assets. In these circumstances, commercial property has emerged as a tempting investment opportunity, presenting distinct benefits and the possibility for long-term prosperity. In recent years, commercial ownership has emerged to be among the most profitable investment possibilities. The explanations for this upsurge are several, ranging from the possibility of high rental returns to rising demand for commercial space and the asset class's general stability. Commercial real estate has attracted the interest of investors searching for a lucrative outlet that's capable of withstanding economic swings due to its great returns, stability, and diversification benefits.
Stock markets: Benchmark indices Sensex and Nifty declined in early trade on Tuesday. The 30-share BSE Sensex declined 72.61 points to 62,714.86, while the NSE Nifty declined 12.15 points to 18,581.70. 
The largest crypto trading platform in the world, Binance.com, and its founder, Changpeng Zhao, have been charged by a US regulator with a variety of securities law violations. The US' Securities and Exchange Commission (SEC) in a statement on Monday said Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law.
The group of oil-producing countries resolved on Sunday to extend oil production curbs through 2024 as petrol prices remained stable, according to The Hill. The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC Plus, met on Sunday and resolved to prolong the oil output cutbacks under the leadership of Russia and Saudi Arabia.
Mumbai: Benchmark indices started the trade on a firm note on Monday with the Sensex climbing over 367.98 points amid an optimistic trend in global markets. The 30-share BSE Sensex jumped 367.98 points to 62,915.09 in early trade. The NSE Nifty advanced 75.35 points to 18,609.50.
Mahindra Group on Monday said it has appointed Amarjyoti Barua as Executive Vice President, Group Strategy. In this role, he will lead the Group Strategy Office, working closely with the overall portfolio of businesses.
RO Jewels, a small cap company engaged in the wholesale business of gold and silver chains, has posted stellar numbers in the financial year 2022-23 as its revenue jumped more than 900 per cent to Rs 506 crore.
Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has made a full prepayment of USD 2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms and also another USD 700 million in loans taken for the acquisition of Ambuja Cement. "The prepayment was done along with interest payment of USD 203 million," it added.
RBI Governor Shaktikanta Das on Monday launched a financial inclusion dashboard named 'Antardrishti'. As the name suggests, the dashboard will provide the required insight to assess and monitor the progress of financial inclusion by capturing relevant parameters, the Reserve Bank of India (RBI) said in a statement.
In times characterized by fiscal instability and erratic market conditions, savvy investors are always looking for ways to develop and safeguard their assets. In these circumstances, commercial property has emerged as a tempting investment opportunity, presenting distinct benefits and the possibility for long-term prosperity. In recent years, commercial ownership has emerged to be among the most profitable investment possibilities. The explanations for this upsurge are several, ranging from the possibility of high rental returns to rising demand for commercial space and the asset class's general stability. Commercial real estate has attracted the interest of investors searching for a lucrative outlet that's capable of withstanding economic swings due to its great returns, stability, and diversification benefits.
Stock markets: Benchmark indices Sensex and Nifty declined in early trade on Tuesday. The 30-share BSE Sensex declined 72.61 points to 62,714.86, while the NSE Nifty declined 12.15 points to 18,581.70. 
The largest crypto trading platform in the world, Binance.com, and its founder, Changpeng Zhao, have been charged by a US regulator with a variety of securities law violations. The US' Securities and Exchange Commission (SEC) in a statement on Monday said Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law.
India's Internet economy: A joint report by Google, Temasek and Bain & Company anticipated that India's Internet economy is expected to register six-fold growth and touch USD 1 trillion by 2030, mainly driven by the e-commerce vertical. The report, published on Tuesday, estimates that India's internet economy was in the range of USD 155-175 billion in 2022.
The group of oil-producing countries resolved on Sunday to extend oil production curbs through 2024 as petrol prices remained stable, according to The Hill. The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC Plus, met on Sunday and resolved to prolong the oil output cutbacks under the leadership of Russia and Saudi Arabia.
Mumbai: Benchmark indices started the trade on a firm note on Monday with the Sensex climbing over 367.98 points amid an optimistic trend in global markets. The 30-share BSE Sensex jumped 367.98 points to 62,915.09 in early trade. The NSE Nifty advanced 75.35 points to 18,609.50.
Mahindra Group on Monday said it has appointed Amarjyoti Barua as Executive Vice President, Group Strategy. In this role, he will lead the Group Strategy Office, working closely with the overall portfolio of businesses.
RO Jewels, a small cap company engaged in the wholesale business of gold and silver chains, has posted stellar numbers in the financial year 2022-23 as its revenue jumped more than 900 per cent to Rs 506 crore.
Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has made a full prepayment of USD 2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms and also another USD 700 million in loans taken for the acquisition of Ambuja Cement. "The prepayment was done along with interest payment of USD 203 million," it added.
RBI Governor Shaktikanta Das on Monday launched a financial inclusion dashboard named 'Antardrishti'. As the name suggests, the dashboard will provide the required insight to assess and monitor the progress of financial inclusion by capturing relevant parameters, the Reserve Bank of India (RBI) said in a statement.
In times characterized by fiscal instability and erratic market conditions, savvy investors are always looking for ways to develop and safeguard their assets. In these circumstances, commercial property has emerged as a tempting investment opportunity, presenting distinct benefits and the possibility for long-term prosperity. In recent years, commercial ownership has emerged to be among the most profitable investment possibilities. The explanations for this upsurge are several, ranging from the possibility of high rental returns to rising demand for commercial space and the asset class's general stability. Commercial real estate has attracted the interest of investors searching for a lucrative outlet that's capable of withstanding economic swings due to its great returns, stability, and diversification benefits.
Stock markets: Benchmark indices Sensex and Nifty declined in early trade on Tuesday. The 30-share BSE Sensex declined 72.61 points to 62,714.86, while the NSE Nifty declined 12.15 points to 18,581.70. 
The largest crypto trading platform in the world, Binance.com, and its founder, Changpeng Zhao, have been charged by a US regulator with a variety of securities law violations. The US' Securities and Exchange Commission (SEC) in a statement on Monday said Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law.
India's Internet economy: A joint report by Google, Temasek and Bain & Company anticipated that India's Internet economy is expected to register six-fold growth and touch USD 1 trillion by 2030, mainly driven by the e-commerce vertical. The report, published on Tuesday, estimates that India's internet economy was in the range of USD 155-175 billion in 2022.
The group of oil-producing countries resolved on Sunday to extend oil production curbs through 2024 as petrol prices remained stable, according to The Hill. The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC Plus, met on Sunday and resolved to prolong the oil output cutbacks under the leadership of Russia and Saudi Arabia.
Mumbai: Benchmark indices started the trade on a firm note on Monday with the Sensex climbing over 367.98 points amid an optimistic trend in global markets. The 30-share BSE Sensex jumped 367.98 points to 62,915.09 in early trade. The NSE Nifty advanced 75.35 points to 18,609.50.
Mahindra Group on Monday said it has appointed Amarjyoti Barua as Executive Vice President, Group Strategy. In this role, he will lead the Group Strategy Office, working closely with the overall portfolio of businesses.
RO Jewels, a small cap company engaged in the wholesale business of gold and silver chains, has posted stellar numbers in the financial year 2022-23 as its revenue jumped more than 900 per cent to Rs 506 crore.
Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has made a full prepayment of USD 2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms and also another USD 700 million in loans taken for the acquisition of Ambuja Cement. "The prepayment was done along with interest payment of USD 203 million," it added.
RBI Governor Shaktikanta Das on Monday launched a financial inclusion dashboard named 'Antardrishti'. As the name suggests, the dashboard will provide the required insight to assess and monitor the progress of financial inclusion by capturing relevant parameters, the Reserve Bank of India (RBI) said in a statement.
In times characterized by fiscal instability and erratic market conditions, savvy investors are always looking for ways to develop and safeguard their assets. In these circumstances, commercial property has emerged as a tempting investment opportunity, presenting distinct benefits and the possibility for long-term prosperity. In recent years, commercial ownership has emerged to be among the most profitable investment possibilities. The explanations for this upsurge are several, ranging from the possibility of high rental returns to rising demand for commercial space and the asset class's general stability. Commercial real estate has attracted the interest of investors searching for a lucrative outlet that's capable of withstanding economic swings due to its great returns, stability, and diversification benefits.
Stock markets: Benchmark indices Sensex and Nifty declined in early trade on Tuesday. The 30-share BSE Sensex declined 72.61 points to 62,714.86, while the NSE Nifty declined 12.15 points to 18,581.70. 
The largest crypto trading platform in the world, Binance.com, and its founder, Changpeng Zhao, have been charged by a US regulator with a variety of securities law violations. The US' Securities and Exchange Commission (SEC) in a statement on Monday said Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law.
India's Internet economy: A joint report by Google, Temasek and Bain & Company anticipated that India's Internet economy is expected to register six-fold growth and touch USD 1 trillion by 2030, mainly driven by the e-commerce vertical. The report, published on Tuesday, estimates that India's internet economy was in the range of USD 155-175 billion in 2022.
The group of oil-producing countries resolved on Sunday to extend oil production curbs through 2024 as petrol prices remained stable, according to The Hill. The Organisation of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC Plus, met on Sunday and resolved to prolong the oil output cutbacks under the leadership of Russia and Saudi Arabia.
Mumbai: Benchmark indices started the trade on a firm note on Monday with the Sensex climbing over 367.98 points amid an optimistic trend in global markets. The 30-share BSE Sensex jumped 367.98 points to 62,915.09 in early trade. The NSE Nifty advanced 75.35 points to 18,609.50.
Mahindra Group on Monday said it has appointed Amarjyoti Barua as Executive Vice President, Group Strategy. In this role, he will lead the Group Strategy Office, working closely with the overall portfolio of businesses.
RO Jewels, a small cap company engaged in the wholesale business of gold and silver chains, has posted stellar numbers in the financial year 2022-23 as its revenue jumped more than 900 per cent to Rs 506 crore.
Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has made a full prepayment of USD 2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms and also another USD 700 million in loans taken for the acquisition of Ambuja Cement. "The prepayment was done along with interest payment of USD 203 million," it added.
RBI Governor Shaktikanta Das on Monday launched a financial inclusion dashboard named 'Antardrishti'. As the name suggests, the dashboard will provide the required insight to assess and monitor the progress of financial inclusion by capturing relevant parameters, the Reserve Bank of India (RBI) said in a statement.
In times characterized by fiscal instability and erratic market conditions, savvy investors are always looking for ways to develop and safeguard their assets. In these circumstances, commercial property has emerged as a tempting investment opportunity, presenting distinct benefits and the possibility for long-term prosperity. In recent years, commercial ownership has emerged to be among the most profitable investment possibilities. The explanations for this upsurge are several, ranging from the possibility of high rental returns to rising demand for commercial space and the asset class's general stability. Commercial real estate has attracted the interest of investors searching for a lucrative outlet that's capable of withstanding economic swings due to its great returns, stability, and diversification benefits.
Stock markets: Benchmark indices Sensex and Nifty declined in early trade on Tuesday. The 30-share BSE Sensex declined 72.61 points to 62,714.86, while the NSE Nifty declined 12.15 points to 18,581.70. 
The largest crypto trading platform in the world, Binance.com, and its founder, Changpeng Zhao, have been charged by a US regulator with a variety of securities law violations. The US' Securities and Exchange Commission (SEC) in a statement on Monday said Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law.
India's Internet economy: A joint report by Google, Temasek and Bain & Company anticipated that India's Internet economy is expected to register six-fold growth and touch USD 1 trillion by 2030, mainly driven by the e-commerce vertical. The report, published on Tuesday, estimates that India's internet economy was in the range of USD 155-175 billion in 2022.
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