-->

Ad Unit (Iklan) BIG

Home  ›  Uncategorized

IndiaTV Business: Google News Feed: Digest for July 12, 2023

IndiaTV Business: Google News Feed

IndiaTV: Business RSS Feed

Table of Contents

The steep discounts on Russian crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continue to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the USD 60 per barrel price cap imposed by the West but charges anything between USD 11 to USD 19 per barrel, twice the normal rate, for delivery from the Baltic and Black Sea to the west coast, three sources with knowledge of the matter said.
State-owned Bank of India is exploring the possibility of share sale to investors over the next one year to meet the minimum public holding requirement of 25 per cent. Currently, Government of India holds 81.41 per cent stake in the Mumbai-based bank. "We are exploring options to meet Sebi's minimum public holding requirement. However, the decision to sell shares would depend on market conditions," Bank of India Managing Director Rajneesh Karnatak told PTI.
Commerce and Industry Minister Piyush Goyal is scheduled to visit the UK on July 10-11 to review progress on  Free Trade Agreement (FTA) with the European Free Trade Association (EFTA), an official statement said on Sunday. "The Minister's visit will not only be focused on the ongoing Free Trade Agreement (FTA) negotiations between India and the UK but he will also be meeting with ministers from the European Free Trade Association (EFTA) member countries to discuss the progress of the Trade and Economic Partnership Agreement (TEPA) with EFTA," the commerce ministry said.
Amid unabated foreign fund inflows and buying in the index, major Reliance Industries and HDFC twins, India's equity benchmark indices rebounded in early trade on Monday. The 30-share BSE Sensex climbed 252.87 points to 65,533.32 in early trade. The NSE Nifty advanced 76.1 points to 19,407.90. During the closing bell, sensex rose by 63.72 points to settle at 65,344.17. Whereas, Nifty advanced 24.10 points to 19,355.90.
Stock markets: Asian shares got the week off to a slow start, with mixed trading Monday as China reported wholesale prices fell in June, amid other signs the economy is slowing. Benchmarks rose in Hong Kong, Shanghai and Mumbai but fell in Tokyo and Sydney. US futures and oil prices declined.

No SFIO probe on edtech giant BYJU's, say sources

Monday 10 July 2023 09:18 AM UTC+00
There is no ongoing Serious Frauds Investigation Office (SFIO) investigation against edtech unicorn BYJU'S, according to sources in the Ministry of Corporate Affairs (MCA).
The government has asked the Indian Banks' Association (IBA) to initiate the process of negotiations for the 12th Bi-partite settlement in a time-bound manner and to finalise it by December 1, 2023, said a senior official. The wage revision for employees and officers of the public sector banks is due from November 1, 2022. The early wage revision would help improve working conditions and incentivise the banking sector employees, the official said.
Foxconn, the Taiwanese electronics manufacturing giant has withdrawn from semiconductor joint-venture project with Vedanta, the company said in a statement.
Credit-debit card portability: Credit, debit and prepaid card customers in India will have more flexibility in terms of choosing their service operators as they will be able to port their networks from October 1.
Sustained government efforts have resulted in increasing the number of recognised startups from 452 in 2016 to 84,012 in 2022 (as on 30th November 2022). As these start-ups strive to make their mark in the business world, many face the challenge of competing with established corporate giants. However, a powerful tool has emerged to level the playing field: employer branding.
The steep discounts on Russian crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continue to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the USD 60 per barrel price cap imposed by the West but charges anything between USD 11 to USD 19 per barrel, twice the normal rate, for delivery from the Baltic and Black Sea to the west coast, three sources with knowledge of the matter said.
State-owned Bank of India is exploring the possibility of share sale to investors over the next one year to meet the minimum public holding requirement of 25 per cent. Currently, Government of India holds 81.41 per cent stake in the Mumbai-based bank. "We are exploring options to meet Sebi's minimum public holding requirement. However, the decision to sell shares would depend on market conditions," Bank of India Managing Director Rajneesh Karnatak told PTI.
Commerce and Industry Minister Piyush Goyal is scheduled to visit the UK on July 10-11 to review progress on  Free Trade Agreement (FTA) with the European Free Trade Association (EFTA), an official statement said on Sunday. "The Minister's visit will not only be focused on the ongoing Free Trade Agreement (FTA) negotiations between India and the UK but he will also be meeting with ministers from the European Free Trade Association (EFTA) member countries to discuss the progress of the Trade and Economic Partnership Agreement (TEPA) with EFTA," the commerce ministry said.
Amid unabated foreign fund inflows and buying in the index, major Reliance Industries and HDFC twins, India's equity benchmark indices rebounded in early trade on Monday. The 30-share BSE Sensex climbed 252.87 points to 65,533.32 in early trade. The NSE Nifty advanced 76.1 points to 19,407.90. During the closing bell, sensex rose by 63.72 points to settle at 65,344.17. Whereas, Nifty advanced 24.10 points to 19,355.90.
Stock markets: Asian shares got the week off to a slow start, with mixed trading Monday as China reported wholesale prices fell in June, amid other signs the economy is slowing. Benchmarks rose in Hong Kong, Shanghai and Mumbai but fell in Tokyo and Sydney. US futures and oil prices declined.

No SFIO probe on edtech giant BYJU's, say sources

Monday 10 July 2023 09:18 AM UTC+00
There is no ongoing Serious Frauds Investigation Office (SFIO) investigation against edtech unicorn BYJU'S, according to sources in the Ministry of Corporate Affairs (MCA).
The government has asked the Indian Banks' Association (IBA) to initiate the process of negotiations for the 12th Bi-partite settlement in a time-bound manner and to finalise it by December 1, 2023, said a senior official. The wage revision for employees and officers of the public sector banks is due from November 1, 2022. The early wage revision would help improve working conditions and incentivise the banking sector employees, the official said.
Foxconn, the Taiwanese electronics manufacturing giant has withdrawn from semiconductor joint-venture project with Vedanta, the company said in a statement.
Credit-debit card portability: Credit, debit and prepaid card customers in India will have more flexibility in terms of choosing their service operators as they will be able to port their networks from October 1.
Sustained government efforts have resulted in increasing the number of recognised startups from 452 in 2016 to 84,012 in 2022 (as on 30th November 2022). As these start-ups strive to make their mark in the business world, many face the challenge of competing with established corporate giants. However, a powerful tool has emerged to level the playing field: employer branding.
Stock markets: Asian shares got the week off to a slow start, with mixed trading Monday as China reported wholesale prices fell in June, amid other signs the economy is slowing. Benchmarks rose in Hong Kong, Shanghai and Mumbai but fell in Tokyo and Sydney. US futures and oil prices declined.

No SFIO probe on edtech giant BYJU's, say sources

Monday 10 July 2023 09:18 AM UTC+00
There is no ongoing Serious Frauds Investigation Office (SFIO) investigation against edtech unicorn BYJU'S, according to sources in the Ministry of Corporate Affairs (MCA).
The government has asked the Indian Banks' Association (IBA) to initiate the process of negotiations for the 12th Bi-partite settlement in a time-bound manner and to finalise it by December 1, 2023, said a senior official. The wage revision for employees and officers of the public sector banks is due from November 1, 2022. The early wage revision would help improve working conditions and incentivise the banking sector employees, the official said.
Foxconn, the Taiwanese electronics manufacturing giant has withdrawn from semiconductor joint-venture project with Vedanta, the company said in a statement.
Credit-debit card portability: Credit, debit and prepaid card customers in India will have more flexibility in terms of choosing their service operators as they will be able to port their networks from October 1.
Sustained government efforts have resulted in increasing the number of recognised startups from 452 in 2016 to 84,012 in 2022 (as on 30th November 2022). As these start-ups strive to make their mark in the business world, many face the challenge of competing with established corporate giants. However, a powerful tool has emerged to level the playing field: employer branding.
The initial public offering (IPO) of Utkarsh Small Finance Bank will open for membership on July 12. The issue closes on July 14. It is expected that the shares company will be listed on both exchanges. On Monday, Utkarsh Small Finance Bank announced that it had set a price range for its Rs 500 million initial public offering (IPO) of Rs 23–25 per share.
The American business magazine 'Forbes' has named Four Indian-origin women, including Jayshree Ullal and Indra Nooyi, in America's 100 most successful women list. Forbes, on July 10, released the list of 100 most successful entrepreneurs, executives, and entertainers in the US.
Stock markets: Equity benchmark indices rallied in early trade on Tuesday tracking a positive trend in the global markets and unabated foreign fund inflows. Buying in index major Reliance Industries also added to the positive momentum in the equity markets. The 30-share BSE Sensex jumped 356.13 points to 65,700.30 in early trade. The NSE Nifty climbed 102.45 points to 19,458.35.
The 50th GST committee meeting saw a conflict of words between Union Finance Minister Nirmala Sitharaman and her Delhi counterpart Atishi over bringing the GST system under the ambit of the Prevention of Money Laundering Act (PMLA), sources said.
Stock markets: Asian shares got the week off to a slow start, with mixed trading Monday as China reported wholesale prices fell in June, amid other signs the economy is slowing. Benchmarks rose in Hong Kong, Shanghai and Mumbai but fell in Tokyo and Sydney. US futures and oil prices declined.

No SFIO probe on edtech giant BYJU's, say sources

Monday 10 July 2023 09:18 AM UTC+00
There is no ongoing Serious Frauds Investigation Office (SFIO) investigation against edtech unicorn BYJU'S, according to sources in the Ministry of Corporate Affairs (MCA).
The government has asked the Indian Banks' Association (IBA) to initiate the process of negotiations for the 12th Bi-partite settlement in a time-bound manner and to finalise it by December 1, 2023, said a senior official. The wage revision for employees and officers of the public sector banks is due from November 1, 2022. The early wage revision would help improve working conditions and incentivise the banking sector employees, the official said.
Foxconn, the Taiwanese electronics manufacturing giant has withdrawn from semiconductor joint-venture project with Vedanta, the company said in a statement.
Credit-debit card portability: Credit, debit and prepaid card customers in India will have more flexibility in terms of choosing their service operators as they will be able to port their networks from October 1.
Sustained government efforts have resulted in increasing the number of recognised startups from 452 in 2016 to 84,012 in 2022 (as on 30th November 2022). As these start-ups strive to make their mark in the business world, many face the challenge of competing with established corporate giants. However, a powerful tool has emerged to level the playing field: employer branding.
The initial public offering (IPO) of Utkarsh Small Finance Bank will open for membership on July 12. The issue closes on July 14. It is expected that the shares company will be listed on both exchanges. On Monday, Utkarsh Small Finance Bank announced that it had set a price range for its Rs 500 million initial public offering (IPO) of Rs 23–25 per share.
The American business magazine 'Forbes' has named Four Indian-origin women, including Jayshree Ullal and Indra Nooyi, in America's 100 most successful women list. Forbes, on July 10, released the list of 100 most successful entrepreneurs, executives, and entertainers in the US.
Stock markets: Equity benchmark indices rallied in early trade on Tuesday tracking a positive trend in the global markets and unabated foreign fund inflows. Buying in index major Reliance Industries also added to the positive momentum in the equity markets. The 30-share BSE Sensex jumped 356.13 points to 65,700.30 in early trade. The NSE Nifty climbed 102.45 points to 19,458.35.
The 50th GST council meeting saw a conflict of words between Union Finance Minister Nirmala Sitharaman and her Delhi counterpart Atishi over bringing the GST system under the ambit of the Prevention of Money Laundering Act (PMLA), sources said.
Stock markets: Asian shares got the week off to a slow start, with mixed trading Monday as China reported wholesale prices fell in June, amid other signs the economy is slowing. Benchmarks rose in Hong Kong, Shanghai and Mumbai but fell in Tokyo and Sydney. US futures and oil prices declined.

No SFIO probe on edtech giant BYJU's, say sources

Monday 10 July 2023 09:18 AM UTC+00
There is no ongoing Serious Frauds Investigation Office (SFIO) investigation against edtech unicorn BYJU'S, according to sources in the Ministry of Corporate Affairs (MCA).
The government has asked the Indian Banks' Association (IBA) to initiate the process of negotiations for the 12th Bi-partite settlement in a time-bound manner and to finalise it by December 1, 2023, said a senior official. The wage revision for employees and officers of the public sector banks is due from November 1, 2022. The early wage revision would help improve working conditions and incentivise the banking sector employees, the official said.
Foxconn, the Taiwanese electronics manufacturing giant has withdrawn from semiconductor joint-venture project with Vedanta, the company said in a statement.
Credit-debit card portability: Credit, debit and prepaid card customers in India will have more flexibility in terms of choosing their service operators as they will be able to port their networks from October 1.
Sustained government efforts have resulted in increasing the number of recognised startups from 452 in 2016 to 84,012 in 2022 (as on 30th November 2022). As these start-ups strive to make their mark in the business world, many face the challenge of competing with established corporate giants. However, a powerful tool has emerged to level the playing field: employer branding.
The initial public offering (IPO) of Utkarsh Small Finance Bank will open for membership on July 12. The issue closes on July 14. It is expected that the shares company will be listed on both exchanges. On Monday, Utkarsh Small Finance Bank announced that it had set a price range for its Rs 500 million initial public offering (IPO) of Rs 23–25 per share.
The American business magazine 'Forbes' has named Four Indian-origin women, including Jayshree Ullal and Indra Nooyi, in America's 100 most successful women list. Forbes, on July 10, released the list of 100 most successful entrepreneurs, executives, and entertainers in the US.
Stock markets: Equity benchmark indices rallied in early trade on Tuesday tracking a positive trend in the global markets and unabated foreign fund inflows. Buying in index major Reliance Industries also added to the positive momentum in the equity markets. The 30-share BSE Sensex jumped 356.13 points to 65,700.30 in early trade. The NSE Nifty climbed 102.45 points to 19,458.35.
The 50th GST council meeting saw a conflict of words between Union Finance Minister Nirmala Sitharaman and her Delhi counterpart Atishi over bringing the GST system under the ambit of the Prevention of Money Laundering Act (PMLA), sources said.
Foxconn, the Taiwanese electronics manufacturing giant has withdrawn from semiconductor joint-venture project with Vedanta, the company said in a statement.
Credit-debit card portability: Credit, debit and prepaid card customers in India will have more flexibility in terms of choosing their service operators as they will be able to port their networks from October 1.
Sustained government efforts have resulted in increasing the number of recognised startups from 452 in 2016 to 84,012 in 2022 (as on 30th November 2022). As these start-ups strive to make their mark in the business world, many face the challenge of competing with established corporate giants. However, a powerful tool has emerged to level the playing field: employer branding.
The initial public offering (IPO) of Utkarsh Small Finance Bank will open for membership on July 12. The issue closes on July 14. It is expected that the shares company will be listed on both exchanges. On Monday, Utkarsh Small Finance Bank announced that it had set a price range for its Rs 500 million initial public offering (IPO) of Rs 23–25 per share.
The American business magazine 'Forbes' has named Four Indian-origin women, including Jayshree Ullal and Indra Nooyi, in America's 100 most successful women list. Forbes, on July 10, released the list of 100 most successful entrepreneurs, executives, and entertainers in the US.
Stock markets: Equity benchmark indices rallied in early trade on Tuesday tracking a positive trend in the global markets and unabated foreign fund inflows. Buying in index major Reliance Industries also added to the positive momentum in the equity markets. The 30-share BSE Sensex jumped 356.13 points to 65,700.30 in early trade. The NSE Nifty climbed 102.45 points to 19,458.35.
The 50th GST council meeting saw a conflict of words between Union Finance Minister Nirmala Sitharaman and her Delhi counterpart Atishi over bringing the GST system under the ambit of the Prevention of Money Laundering Act (PMLA), sources said.
In a setback to online gaming companies, the GST Council on Tuesday decided that there will be a 28 per cent GST levy on full value of gaming, horse racing, and casinos.
50th GST Council meeting: Union Finance Minister Nirmala Sitharaman on Tuesday announced several key decisions taken in the 50th Goods and Services Tax (GST) Council meeting. The council made a number of changes in the existing GST slabs for various goods and services. Here's the complete list of what is set to become costlier and cheaper after the key meeting. 
The all-powerful Goods and Services Tax (GST) Council on Tuesday decided to exempt cancer-fighting drugs and medicines for rare diseases from the levy.
Foxconn, the Taiwanese electronics manufacturing giant has withdrawn from semiconductor joint-venture project with Vedanta, the company said in a statement.
Credit-debit card portability: Credit, debit and prepaid card customers in India will have more flexibility in terms of choosing their service operators as they will be able to port their networks from October 1.
Sustained government efforts have resulted in increasing the number of recognised startups from 452 in 2016 to 84,012 in 2022 (as on 30th November 2022). As these start-ups strive to make their mark in the business world, many face the challenge of competing with established corporate giants. However, a powerful tool has emerged to level the playing field: employer branding.
The initial public offering (IPO) of Utkarsh Small Finance Bank will open for membership on July 12. The issue closes on July 14. It is expected that the shares company will be listed on both exchanges. On Monday, Utkarsh Small Finance Bank announced that it had set a price range for its Rs 500 million initial public offering (IPO) of Rs 23–25 per share.
The American business magazine 'Forbes' has named Four Indian-origin women, including Jayshree Ullal and Indra Nooyi, in America's 100 most successful women list. Forbes, on July 10, released the list of 100 most successful entrepreneurs, executives, and entertainers in the US.
Stock markets: Equity benchmark indices rallied in early trade on Tuesday tracking a positive trend in the global markets and unabated foreign fund inflows. Buying in index major Reliance Industries also added to the positive momentum in the equity markets. The 30-share BSE Sensex jumped 356.13 points to 65,700.30 in early trade. The NSE Nifty climbed 102.45 points to 19,458.35.
The 50th GST council meeting saw a conflict of words between Union Finance Minister Nirmala Sitharaman and her Delhi counterpart Atishi over bringing the GST system under the ambit of the Prevention of Money Laundering Act (PMLA), sources said.
In a setback to online gaming companies, the GST Council on Tuesday decided that there will be a 28 per cent GST levy on full value of gaming, horse racing, and casinos.
50th GST Council meeting: Union Finance Minister Nirmala Sitharaman on Tuesday announced several key decisions taken in the 50th Goods and Services Tax (GST) Council meeting. The council made a number of changes in the existing GST slabs for various goods and services. Here's the complete list of what is set to become costlier and cheaper after the key meeting. 
The all-powerful Goods and Services Tax (GST) Council on Tuesday decided to exempt cancer-fighting drugs and medicines for rare diseases from the levy.
Foxconn, the Taiwanese electronics manufacturing giant has withdrawn from semiconductor joint-venture project with Vedanta, the company said in a statement.
Credit-debit card portability: Credit, debit and prepaid card customers in India will have more flexibility in terms of choosing their service operators as they will be able to port their networks from October 1.
Sustained government efforts have resulted in increasing the number of recognised startups from 452 in 2016 to 84,012 in 2022 (as on 30th November 2022). As these start-ups strive to make their mark in the business world, many face the challenge of competing with established corporate giants. However, a powerful tool has emerged to level the playing field: employer branding.
The initial public offering (IPO) of Utkarsh Small Finance Bank will open for membership on July 12. The issue closes on July 14. It is expected that the shares company will be listed on both exchanges. On Monday, Utkarsh Small Finance Bank announced that it had set a price range for its Rs 500 million initial public offering (IPO) of Rs 23–25 per share.
The American business magazine 'Forbes' has named Four Indian-origin women, including Jayshree Ullal and Indra Nooyi, in America's 100 most successful women list. Forbes, on July 10, released the list of 100 most successful entrepreneurs, executives, and entertainers in the US.
Stock markets: Equity benchmark indices rallied in early trade on Tuesday tracking a positive trend in the global markets and unabated foreign fund inflows. Buying in index major Reliance Industries also added to the positive momentum in the equity markets. The 30-share BSE Sensex jumped 356.13 points to 65,700.30 in early trade. The NSE Nifty climbed 102.45 points to 19,458.35.
The 50th GST council meeting saw a conflict of words between Union Finance Minister Nirmala Sitharaman and her Delhi counterpart Atishi over bringing the GST system under the ambit of the Prevention of Money Laundering Act (PMLA), sources said.
In a setback to online gaming companies, the GST Council on Tuesday decided that there will be a 28 per cent GST levy on full value of gaming, horse racing, and casinos.
50th GST Council meeting: Union Finance Minister Nirmala Sitharaman on Tuesday announced several key decisions taken in the 50th Goods and Services Tax (GST) Council meeting. The council made a number of changes in the existing GST slabs for various goods and services. Here's the complete list of what is set to become costlier and cheaper after the key meeting. 
The all-powerful Goods and Services Tax (GST) Council on Tuesday decided to exempt cancer-fighting drugs and medicines for rare diseases from the levy.
You received this email because you set up a subscription at Feedrabbit. This email was sent to you at epaperindia10@gmail.com. Unsubscribe or change your subscription.

Related Posts

There is no other posts in this category.
Subscribe Our Newsletter