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IndiaTV Business: Google News Feed: Digest for July 15, 2023

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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.
Getting rich can be very hard work. It requires skill and patience to earn wisely by investing. Building wealth has emerged as the primary goal for many, especially today due to the increasing cost of basic necessities. There's a famous saying that higher the risk, the higher the reward. Using this principle, a person can create a wealth by investing hard-earned at places that yield promising returns.

Centre restricts import of some gold jewellery, articles

Thursday 13 July 2023 04:50 AM UTC+00
The Central government on Wednesday restricted imports of certain gold jewellery and articles. The mover will help cut the import of non-essential items. As per the Directorate General of Foreign Trade (DGFT) notification, an importer would need a permission of licence from the government for importing these gold products.
Stock markets: As the Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data, benchmark equity indices rebounded in early trade on Thursday. 
Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, tax professionals claim that it is also possible to file an ITR without completing Form 16.
Byju business news: Edtech major Byju's has appointed upGrad's former chief Arjun Mohan as its CEO for international business, according to sources. Byju Raveendran will remain the group Chief Executive Officer (CEO) and Mrinal Mohit will continue to head the India business, the sources told media.
Leading multiplex chain PVR Inox has slashed food and beverages prices by up to 40 per cent after facing backlash on its rates on social media.
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.
Getting rich can be very hard work. It requires skill and patience to earn wisely by investing. Building wealth has emerged as the primary goal for many, especially today due to the increasing cost of basic necessities. There's a famous saying that higher the risk, the higher the reward. Using this principle, a person can create a wealth by investing hard-earned at places that yield promising returns.

Centre restricts import of some gold jewellery, articles

Thursday 13 July 2023 04:50 AM UTC+00
The Central government on Wednesday restricted imports of certain gold jewellery and articles. The mover will help cut the import of non-essential items. As per the Directorate General of Foreign Trade (DGFT) notification, an importer would need a permission of licence from the government for importing these gold products.
Stock markets: As the Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data, benchmark equity indices rebounded in early trade on Thursday. 
Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, tax professionals claim that it is also possible to file an ITR without completing Form 16.
Byju business news: Edtech major Byju's has appointed upGrad's former chief Arjun Mohan as its CEO for international business, according to sources. Byju Raveendran will remain the group Chief Executive Officer (CEO) and Mrinal Mohit will continue to head the India business, the sources told media.
Leading multiplex chain PVR Inox has slashed food and beverages prices by up to 40 per cent after facing backlash on its rates on social media.
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.
Getting rich can be very hard work. It requires skill and patience to earn wisely by investing. Building wealth has emerged as the primary goal for many, especially today due to the increasing cost of basic necessities. There's a famous saying that higher the risk, the higher the reward. Using this principle, a person can create a wealth by investing hard-earned at places that yield promising returns.

Centre restricts import of some gold jewellery, articles

Thursday 13 July 2023 04:50 AM UTC+00
The Central government on Wednesday restricted imports of certain gold jewellery and articles. The mover will help cut the import of non-essential items. As per the Directorate General of Foreign Trade (DGFT) notification, an importer would need a permission of licence from the government for importing these gold products.
Stock markets: As the Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data, benchmark equity indices rebounded in early trade on Thursday. 
Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, tax professionals claim that it is also possible to file an ITR without completing Form 16.
Byju business news: Edtech major Byju's has appointed upGrad's former chief Arjun Mohan as its CEO for international business, according to sources. Byju Raveendran will remain the group Chief Executive Officer (CEO) and Mrinal Mohit will continue to head the India business, the sources told media.
Leading multiplex chain PVR Inox has slashed food and beverages prices by up to 40 per cent after facing backlash on its rates on social media.
Stock markets: Driven by optimism in global markets and fresh foreign fund inflows, benchmark equity indices extended their previous day's rally in early trade on Friday.  Buying in IT counters also helped the equity markets maintain their winning momentum. The 30-share BSE Sensex jumped 358.91 points to 65,917.80 in early trade. The NSE Nifty went up by 106.65 points to 19,520.40.

Centre restricts import of some gold jewellery, articles

Thursday 13 July 2023 04:50 AM UTC+00
The Central government on Wednesday restricted imports of certain gold jewellery and articles. The mover will help cut the import of non-essential items. As per the Directorate General of Foreign Trade (DGFT) notification, an importer would need a permission of licence from the government for importing these gold products.
Stock markets: As the Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data, benchmark equity indices rebounded in early trade on Thursday. 
Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, tax professionals claim that it is also possible to file an ITR without completing Form 16.
Byju business news: Edtech major Byju's has appointed upGrad's former chief Arjun Mohan as its CEO for international business, according to sources. Byju Raveendran will remain the group Chief Executive Officer (CEO) and Mrinal Mohit will continue to head the India business, the sources told media.
Leading multiplex chain PVR Inox has slashed food and beverages prices by up to 40 per cent after facing backlash on its rates on social media.
Stock markets: Driven by optimism in global markets and fresh foreign fund inflows, benchmark equity indices extended their previous day's rally in early trade on Friday.  Buying in IT counters also helped the equity markets maintain their winning momentum. The 30-share BSE Sensex jumped 358.91 points to 65,917.80 in early trade. The NSE Nifty went up by 106.65 points to 19,520.40.
As India has climbed six places on the World Bank's Logistic Performance Index (LPI) 2023, the logistics sector's role in driving the growth is significant. Prime Minister Narendra Modi-led government had announced PM Gati Shakti initiative, a National Master Plan for multimodal connectivity, in October 2021 to reduce logistics and boost the economy.
Civil Aviation Minister Jyotiraditya Scindia on Friday inaugurated dual elevated Eastern Cross Taxiways (ECT) and the fourth runway at the Delhi airport. With the ECT, the airport will also be the only one in the country to have an elevated taxiway with roads passing below it. The Indira Gandhi International Airport (IGIA), which is also the country's largest airport, handles more than 1,500 aircraft movements every day. 
India's wholesale inflation in June 2023 contracted to (-) 4.12 per cent in June on easing prices of food, fuel and manufactured items, according to the latest official data released on Friday.
Tata Steel will fund research and development (R&D) projects in the low-carbon hydrogen segment under the partnership with British High Commission in India. As part of the 'UK-India Hydrogen Partnership Sprint Series', Tata Steel said it will grant 80,000 pounds (Rs 83 lakh) funding for two innovative projects in the low-carbon hydrogen segment.

Centre restricts import of some gold jewellery, articles

Thursday 13 July 2023 04:50 AM UTC+00
The Central government on Wednesday restricted imports of certain gold jewellery and articles. The mover will help cut the import of non-essential items. As per the Directorate General of Foreign Trade (DGFT) notification, an importer would need a permission of licence from the government for importing these gold products.
Stock markets: As the Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data, benchmark equity indices rebounded in early trade on Thursday. 
Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, tax professionals claim that it is also possible to file an ITR without completing Form 16.
Byju business news: Edtech major Byju's has appointed upGrad's former chief Arjun Mohan as its CEO for international business, according to sources. Byju Raveendran will remain the group Chief Executive Officer (CEO) and Mrinal Mohit will continue to head the India business, the sources told media.
Leading multiplex chain PVR Inox has slashed food and beverages prices by up to 40 per cent after facing backlash on its rates on social media.
Stock markets: Driven by optimism in global markets and fresh foreign fund inflows, benchmark equity indices extended their previous day's rally in early trade on Friday.  Buying in IT counters also helped the equity markets maintain their winning momentum. The 30-share BSE Sensex jumped 358.91 points to 65,917.80 in early trade. The NSE Nifty went up by 106.65 points to 19,520.40.
As India has climbed six places on the World Bank's Logistic Performance Index (LPI) 2023, the logistics sector's role in driving the growth is significant. Prime Minister Narendra Modi-led government had announced PM Gati Shakti initiative, a National Master Plan for multimodal connectivity, in October 2021 to reduce logistics and boost the economy.
Civil Aviation Minister Jyotiraditya Scindia on Friday inaugurated dual elevated Eastern Cross Taxiways (ECT) and the fourth runway at the Delhi airport. With the ECT, the airport will also be the only one in the country to have an elevated taxiway with roads passing below it. The Indira Gandhi International Airport (IGIA), which is also the country's largest airport, handles more than 1,500 aircraft movements every day. 
India's wholesale inflation in June 2023 contracted to (-) 4.12 per cent in June on easing prices of food, fuel and manufactured items, according to the latest official data released on Friday.
Tata Steel will fund research and development (R&D) projects in the low-carbon hydrogen segment under the partnership with British High Commission in India. As part of the 'UK-India Hydrogen Partnership Sprint Series', Tata Steel said it will grant 80,000 pounds (Rs 83 lakh) funding for two innovative projects in the low-carbon hydrogen segment.

Centre restricts import of some gold jewellery, articles

Thursday 13 July 2023 04:50 AM UTC+00
The Central government on Wednesday restricted imports of certain gold jewellery and articles. The mover will help cut the import of non-essential items. As per the Directorate General of Foreign Trade (DGFT) notification, an importer would need a permission of licence from the government for importing these gold products.
Stock markets: As the Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data, benchmark equity indices rebounded in early trade on Thursday. 
Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, tax professionals claim that it is also possible to file an ITR without completing Form 16.
Byju business news: Edtech major Byju's has appointed upGrad's former chief Arjun Mohan as its CEO for international business, according to sources. Byju Raveendran will remain the group Chief Executive Officer (CEO) and Mrinal Mohit will continue to head the India business, the sources told media.
Leading multiplex chain PVR Inox has slashed food and beverages prices by up to 40 per cent after facing backlash on its rates on social media.
Stock markets: Driven by optimism in global markets and fresh foreign fund inflows, benchmark equity indices extended their previous day's rally in early trade on Friday.  Buying in IT counters also helped the equity markets maintain their winning momentum. The 30-share BSE Sensex jumped 358.91 points to 65,917.80 in early trade. The NSE Nifty went up by 106.65 points to 19,520.40.
As India has climbed six places on the World Bank's Logistic Performance Index (LPI) 2023, the logistics sector's role in driving the growth is significant. Prime Minister Narendra Modi-led government had announced PM Gati Shakti initiative, a National Master Plan for multimodal connectivity, in October 2021 to reduce logistics and boost the economy.
Civil Aviation Minister Jyotiraditya Scindia on Friday inaugurated dual elevated Eastern Cross Taxiways (ECT) and the fourth runway at the Delhi airport. With the ECT, the airport will also be the only one in the country to have an elevated taxiway with roads passing below it. The Indira Gandhi International Airport (IGIA), which is also the country's largest airport, handles more than 1,500 aircraft movements every day. 
India's wholesale inflation in June 2023 contracted to (-) 4.12 per cent in June on easing prices of food, fuel and manufactured items, according to the latest official data released on Friday.
Tata Steel will fund research and development (R&D) projects in the low-carbon hydrogen segment under the partnership with British High Commission in India. As part of the 'UK-India Hydrogen Partnership Sprint Series', Tata Steel said it will grant 80,000 pounds (Rs 83 lakh) funding for two innovative projects in the low-carbon hydrogen segment.
Stock markets: As the Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data, benchmark equity indices rebounded in early trade on Thursday. 
Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, tax professionals claim that it is also possible to file an ITR without completing Form 16.
Byju business news: Edtech major Byju's has appointed upGrad's former chief Arjun Mohan as its CEO for international business, according to sources. Byju Raveendran will remain the group Chief Executive Officer (CEO) and Mrinal Mohit will continue to head the India business, the sources told media.
Leading multiplex chain PVR Inox has slashed food and beverages prices by up to 40 per cent after facing backlash on its rates on social media.
Stock markets: Driven by optimism in global markets and fresh foreign fund inflows, benchmark equity indices extended their previous day's rally in early trade on Friday.  Buying in IT counters also helped the equity markets maintain their winning momentum. The 30-share BSE Sensex jumped 358.91 points to 65,917.80 in early trade. The NSE Nifty went up by 106.65 points to 19,520.40.
As India has climbed six places on the World Bank's Logistic Performance Index (LPI) 2023, the logistics sector's role in driving the growth is significant. Prime Minister Narendra Modi-led government had announced PM Gati Shakti initiative, a National Master Plan for multimodal connectivity, in October 2021 to reduce logistics and boost the economy.
Civil Aviation Minister Jyotiraditya Scindia on Friday inaugurated dual elevated Eastern Cross Taxiways (ECT) and the fourth runway at the Delhi airport. With the ECT, the airport will also be the only one in the country to have an elevated taxiway with roads passing below it. The Indira Gandhi International Airport (IGIA), which is also the country's largest airport, handles more than 1,500 aircraft movements every day. 
India's wholesale inflation in June 2023 contracted to (-) 4.12 per cent in June on easing prices of food, fuel and manufactured items, according to the latest official data released on Friday.
Tata Steel will fund research and development (R&D) projects in the low-carbon hydrogen segment under the partnership with British High Commission in India. As part of the 'UK-India Hydrogen Partnership Sprint Series', Tata Steel said it will grant 80,000 pounds (Rs 83 lakh) funding for two innovative projects in the low-carbon hydrogen segment.
Legal hurdles to hand over 300 acres to Taiwanese chip-making giant Foxconn have been cleared and the land would be handed over to the company very soon, Karnataka's Large and Medium Industries Minister MB Patil said on Friday.
Stock markets: As the Sensex and Nifty scaled their all-time high levels following a rally in global markets amid moderating US CPI inflation data, benchmark equity indices rebounded in early trade on Thursday. 
Form 16 makes it simple for salaried workers to document their Income Tax Return (ITR). It contains subtleties about your pay and tax deductions made by the business in the financial year. However, tax professionals claim that it is also possible to file an ITR without completing Form 16.
Byju business news: Edtech major Byju's has appointed upGrad's former chief Arjun Mohan as its CEO for international business, according to sources. Byju Raveendran will remain the group Chief Executive Officer (CEO) and Mrinal Mohit will continue to head the India business, the sources told media.
Leading multiplex chain PVR Inox has slashed food and beverages prices by up to 40 per cent after facing backlash on its rates on social media.
Stock markets: Driven by optimism in global markets and fresh foreign fund inflows, benchmark equity indices extended their previous day's rally in early trade on Friday.  Buying in IT counters also helped the equity markets maintain their winning momentum. The 30-share BSE Sensex jumped 358.91 points to 65,917.80 in early trade. The NSE Nifty went up by 106.65 points to 19,520.40.
As India has climbed six places on the World Bank's Logistic Performance Index (LPI) 2023, the logistics sector's role in driving the growth is significant. Prime Minister Narendra Modi-led government had announced PM Gati Shakti initiative, a National Master Plan for multimodal connectivity, in October 2021 to reduce logistics and boost the economy.
Civil Aviation Minister Jyotiraditya Scindia on Friday inaugurated dual elevated Eastern Cross Taxiways (ECT) and the fourth runway at the Delhi airport. With the ECT, the airport will also be the only one in the country to have an elevated taxiway with roads passing below it. The Indira Gandhi International Airport (IGIA), which is also the country's largest airport, handles more than 1,500 aircraft movements every day. 
India's wholesale inflation in June 2023 contracted to (-) 4.12 per cent in June on easing prices of food, fuel and manufactured items, according to the latest official data released on Friday.
Tata Steel will fund research and development (R&D) projects in the low-carbon hydrogen segment under the partnership with British High Commission in India. As part of the 'UK-India Hydrogen Partnership Sprint Series', Tata Steel said it will grant 80,000 pounds (Rs 83 lakh) funding for two innovative projects in the low-carbon hydrogen segment.
Legal hurdles to hand over 300 acres to Taiwanese chip-making giant Foxconn have been cleared and the land would be handed over to the company very soon, Karnataka's Large and Medium Industries Minister MB Patil said on Friday.
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