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IndiaTV Business: Google News Feed: Digest for July 13, 2023

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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.
Sales of apartments, priced above Rs 1 crore, rose by 50 per cent during the January-June period to 50,132 units across seven major cities on better demand for luxury properties, according to real estate consultant JLL India.
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.
The sales of apartments in January-March across seven major cities rose 50 per cent to 50,132 units, the highest quarterly sales in the last 15 years, reported news agency PTI. According to real estate consultant JLL India, Sales of flats, costing above Rs 1 crore, remained at 33,477 units in the comparing time of the last calendar year.
Clean energy solutions provider Servotech Power Systems has announced the record date for the sub-division of its equity shares, according to an exchange filing. The decision to split the face value of shares was announced by the Delhi-based company in May. The rationale behind the split of equity shares is to enhance the liquidity of the company's equity shares and to encourage wider participation in the market.
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.
The sales of apartments in January-March across seven major cities rose 50 per cent to 50,132 units, the highest quarterly sales in the last 15 years, reported news agency PTI. According to real estate consultant JLL India, Sales of flats, costing above Rs 1 crore, remained at 33,477 units in the comparing time of the last calendar year.
Clean energy solutions provider Servotech Power Systems has announced the record date for the sub-division of its equity shares, according to an exchange filing. The decision to split the face value of shares was announced by the Delhi-based company in May. The rationale behind the split of equity shares is to enhance the liquidity of the company's equity shares and to encourage wider participation in the market.
Stock markets: Driven by continuous foreign fund inflows and buying in Reliance Industries, benchmark equity indices extended their rally for the third day running on Wednesday. The rally in the US markets on Tuesday also helped equity indices maintain their winning run.
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.
The sales of apartments in January-March across seven major cities rose 50 per cent to 50,132 units, the highest quarterly sales in the last 15 years, reported news agency PTI. According to real estate consultant JLL India, Sales of flats, costing above Rs 1 crore, remained at 33,477 units in the comparing time of the last calendar year.
Clean energy solutions provider Servotech Power Systems has announced the record date for the sub-division of its equity shares, according to an exchange filing. The decision to split the face value of shares was announced by the Delhi-based company in May. The rationale behind the split of equity shares is to enhance the liquidity of the company's equity shares and to encourage wider participation in the market.
Stock markets: Driven by continuous foreign fund inflows and buying in Reliance Industries, benchmark equity indices extended their rally for the third day running on Wednesday. The rally in the US markets on Tuesday also helped equity indices maintain their winning run.
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.
The sales of apartments in January-March across seven major cities rose 50 per cent to 50,132 units, the highest quarterly sales in the last 15 years, reported news agency PTI. According to real estate consultant JLL India, Sales of flats, costing above Rs 1 crore, remained at 33,477 units in the comparing time of the last calendar year.
Clean energy solutions provider Servotech Power Systems has announced the record date for the sub-division of its equity shares, according to an exchange filing. The decision to split the face value of shares was announced by the Delhi-based company in May. The rationale behind the split of equity shares is to enhance the liquidity of the company's equity shares and to encourage wider participation in the market.
Stock markets: Driven by continuous foreign fund inflows and buying in Reliance Industries, benchmark equity indices extended their rally for the third day running on Wednesday. The rally in the US markets on Tuesday also helped equity indices maintain their winning run.

Industrial production rises 5.2 pc in May | DETAILS

Wednesday 12 July 2023 01:22 PM UTC+00
India's industrial production rose 5.2 per cent in May, according to the official data released on Wednesday. Factory output measured in terms of the Index of Industrial Production (IIP) grew 19.7 per cent in May 2022. The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output increased by 5.7 per cent in May 2023. Mining output rose 6.4 per cent during the month under review. Power output grew 0.9 per cent in May 2023.
Retail Inflation Rate in India: Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of cereals and pulses, though it remained within the comfort zone of the Reserve Bank.
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.
The sales of apartments in January-March across seven major cities rose 50 per cent to 50,132 units, the highest quarterly sales in the last 15 years, reported news agency PTI. According to real estate consultant JLL India, Sales of flats, costing above Rs 1 crore, remained at 33,477 units in the comparing time of the last calendar year.
Clean energy solutions provider Servotech Power Systems has announced the record date for the sub-division of its equity shares, according to an exchange filing. The decision to split the face value of shares was announced by the Delhi-based company in May. The rationale behind the split of equity shares is to enhance the liquidity of the company's equity shares and to encourage wider participation in the market.
Stock markets: Driven by continuous foreign fund inflows and buying in Reliance Industries, benchmark equity indices extended their rally for the third day running on Wednesday. The rally in the US markets on Tuesday also helped equity indices maintain their winning run.

Industrial production rises 5.2 pc in May | DETAILS

Wednesday 12 July 2023 01:22 PM UTC+00
India's industrial production rose 5.2 per cent in May, according to the official data released on Wednesday. Factory output measured in terms of the Index of Industrial Production (IIP) grew 19.7 per cent in May 2022. The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output increased by 5.7 per cent in May 2023. Mining output rose 6.4 per cent during the month under review. Power output grew 0.9 per cent in May 2023.
Retail Inflation Rate in India: Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of cereals and pulses, though it remained within the comfort zone of the Reserve Bank.
PNB scam: The Punjab National Bank (PNB) stepped up initiatives to recover its dues from fugitive diamond merchant Nirav Modi, who is accused of duping the bank. The bank on Wednesday moved an application before a special court in Mumbai seeking restoration of the Rs 71 crore worth property owned by Modi so that it can proceed to recover a part of its dues. 
The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut the import of non-essential items and contain the trade deficit. Now an importer would need permission of a licence from the government for importing these gold products. However, the directorate general of foreign trade (DGFT) said that the restrictions will not be there for imports under the India-UAE free trade agreement.
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.
The sales of apartments in January-March across seven major cities rose 50 per cent to 50,132 units, the highest quarterly sales in the last 15 years, reported news agency PTI. According to real estate consultant JLL India, Sales of flats, costing above Rs 1 crore, remained at 33,477 units in the comparing time of the last calendar year.
Clean energy solutions provider Servotech Power Systems has announced the record date for the sub-division of its equity shares, according to an exchange filing. The decision to split the face value of shares was announced by the Delhi-based company in May. The rationale behind the split of equity shares is to enhance the liquidity of the company's equity shares and to encourage wider participation in the market.
Stock markets: Driven by continuous foreign fund inflows and buying in Reliance Industries, benchmark equity indices extended their rally for the third day running on Wednesday. The rally in the US markets on Tuesday also helped equity indices maintain their winning run.

Industrial production rises 5.2 pc in May | DETAILS

Wednesday 12 July 2023 01:22 PM UTC+00
India's industrial production rose 5.2 per cent in May, according to the official data released on Wednesday. Factory output measured in terms of the Index of Industrial Production (IIP) grew 19.7 per cent in May 2022. The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output increased by 5.7 per cent in May 2023. Mining output rose 6.4 per cent during the month under review. Power output grew 0.9 per cent in May 2023.
Retail Inflation Rate in India: Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of cereals and pulses, though it remained within the comfort zone of the Reserve Bank.
PNB scam: The Punjab National Bank (PNB) stepped up initiatives to recover its dues from fugitive diamond merchant Nirav Modi, who is accused of duping the bank. The bank on Wednesday moved an application before a special court in Mumbai seeking restoration of the Rs 71 crore worth property owned by Modi so that it can proceed to recover a part of its dues. 
The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut the import of non-essential items and contain the trade deficit. Now an importer would need permission of a licence from the government for importing these gold products. However, the directorate general of foreign trade (DGFT) said that the restrictions will not be there for imports under the India-UAE free trade agreement.
Retail inflation rose to a three-month high in June on rising prices of kitchen essentials, while the factory output expanded at a faster pace of 5.2 per cent in May, according to the government data released on Wednesday. Retail inflation based on Consumer Price Index (CPI) increased to 4.81 per cent in June after declining for four months in a row but remained within the comfort zone of the Reserve Bank.
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