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IndiaTV Business: Google News Feed: Digest for July 17, 2023

IndiaTV Business: Google News Feed

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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.
The use of smart meters in the country is becoming popular with the government pushing for its widespread adoption. The government's push for smart meters is a part of its efforts to make the country's energy infrastructure modernize and sync with the global standards.
Penny stock Vikas Ecotech, a leading provider of high-end specialty chemicals, is in focus with FIIs picking up stake. According to BSE date, the stock has made its investors wealthier by more than 70 per cent in a year period.
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.
The use of smart meters in the country is becoming popular with the government pushing for its widespread adoption. The government's push for smart meters is a part of its efforts to make the country's energy infrastructure modernize and sync with the global standards.
Penny stock Vikas Ecotech, a leading provider of high-end specialty chemicals, is in focus with FIIs picking up stake. According to BSE date, the stock has made its investors wealthier by more than 70 per cent in a year period.
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.
The use of smart meters in the country is becoming popular with the government pushing for its widespread adoption. The government's push for smart meters is a part of its efforts to make the country's energy infrastructure modernize and sync with the global standards.
Penny stock Vikas Ecotech, a leading provider of high-end specialty chemicals, is in focus with FIIs picking up stake. According to BSE date, the stock has made its investors wealthier by more than 70 per cent in a year period.
The prices of tomato in retail markets on Sunday remained on rage as they crossed 250 per kg-mark across major cities in the wake of monsoon rains and lean season.
The Reserve Bank of India (RBI) on Saturday signed two memorandums of understanding (MoU) with the Central Bank of UAE in Abu Dhabi for cross-border transactions in local currencies and interlinking of payment and messaging systems.
The Centre announces that the prices of subsidised tomato were reduced from Rs 90/kg to Rs 80/kg with immediate effect in Delhi-NCR, other cities on Sunday. The Central government has been making efforts to provide relief to people from high prices of the key kitchen item in retail markets.
Global optical lenses major Zeiss Group will invest about Rs 2,500 crore in India on a new plant at Karnataka, mainly to increase its spectacle glasses manufacturing capacity, according to a senior company official.
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.
The use of smart meters in the country is becoming popular with the government pushing for its widespread adoption. The government's push for smart meters is a part of its efforts to make the country's energy infrastructure modernize and sync with the global standards.
Penny stock Vikas Ecotech, a leading provider of high-end specialty chemicals, is in focus with FIIs picking up stake. According to BSE date, the stock has made its investors wealthier by more than 70 per cent in a year period.
The prices of tomato in retail markets on Sunday remained on rage as they crossed 250 per kg-mark across major cities in the wake of monsoon rains and lean season.
The Reserve Bank of India (RBI) on Saturday signed two memorandums of understanding (MoU) with the Central Bank of UAE in Abu Dhabi for cross-border transactions in local currencies and interlinking of payment and messaging systems.
The Centre announces that the prices of subsidised tomato were reduced from Rs 90/kg to Rs 80/kg with immediate effect in Delhi-NCR, other cities on Sunday. The Central government has been making efforts to provide relief to people from high prices of the key kitchen item in retail markets.
Global optical lenses major Zeiss Group will invest about Rs 2,500 crore in India on a new plant at Karnataka, mainly to increase its spectacle glasses manufacturing capacity, according to a senior company official.
The share of countries like China and Vietnam in India's 4.84 LMT steel import basket during June 2023 has increased on a year-on-year (y-o-y) basis, according to official data.
Deposit Insurance and Credit Guarantee Corporation (DICGC) has asked all banks to prominently display its logo and QR code on their websites and internet banking portals by August 31 with a view to create awareness about the deposit insurance scheme. Deposits up to Rs 5 lakh in banks are insured by the DICGC. The scheme covers deposits in commercial banks, local area banks (LABs), payments banks (PBs), small finance banks (SFBs), regional rural banks (RRBs), and co-operative banks.
As the finance ministry is not contemplating an extension of the July 31 deadline, Revenue Secretary Sanjay Malhotra has urged the income taxpayers to file their returns at the earliest. He further asserted that the government is expecting higher filing this year as compared to the last year.
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.
The use of smart meters in the country is becoming popular with the government pushing for its widespread adoption. The government's push for smart meters is a part of its efforts to make the country's energy infrastructure modernize and sync with the global standards.
Penny stock Vikas Ecotech, a leading provider of high-end specialty chemicals, is in focus with FIIs picking up stake. According to BSE date, the stock has made its investors wealthier by more than 70 per cent in a year period.
The prices of tomato in retail markets on Sunday remained on rage as they crossed 250 per kg-mark across major cities in the wake of monsoon rains and lean season.
The Reserve Bank of India (RBI) on Saturday signed two memorandums of understanding (MoU) with the Central Bank of UAE in Abu Dhabi for cross-border transactions in local currencies and interlinking of payment and messaging systems.
The Centre announces that the prices of subsidised tomato were reduced from Rs 90/kg to Rs 80/kg with immediate effect in Delhi-NCR, other cities on Sunday. The Central government has been making efforts to provide relief to people from high prices of the key kitchen item in retail markets.
Global optical lenses major Zeiss Group will invest about Rs 2,500 crore in India on a new plant at Karnataka, mainly to increase its spectacle glasses manufacturing capacity, according to a senior company official.
The share of countries like China and Vietnam in India's 4.84 LMT steel import basket during June 2023 has increased on a year-on-year (y-o-y) basis, according to official data.
Deposit Insurance and Credit Guarantee Corporation (DICGC) has asked all banks to prominently display its logo and QR code on their websites and internet banking portals by August 31 with a view to create awareness about the deposit insurance scheme. Deposits up to Rs 5 lakh in banks are insured by the DICGC. The scheme covers deposits in commercial banks, local area banks (LABs), payments banks (PBs), small finance banks (SFBs), regional rural banks (RRBs), and co-operative banks.
As the finance ministry is not contemplating an extension of the July 31 deadline, Revenue Secretary Sanjay Malhotra has urged the income taxpayers to file their returns at the earliest. He further asserted that the government is expecting higher filing this year as compared to the last year.
The use of smart meters in the country is becoming popular with the government pushing for its widespread adoption. The government's push for smart meters is a part of its efforts to make the country's energy infrastructure modernize and sync with the global standards.
Penny stock Vikas Ecotech, a leading provider of high-end specialty chemicals, is in focus with FIIs picking up stake. According to BSE date, the stock has made its investors wealthier by more than 70 per cent in a year period.
The prices of tomato in retail markets on Sunday remained on rage as they crossed 250 per kg-mark across major cities in the wake of monsoon rains and lean season.
The Reserve Bank of India (RBI) on Saturday signed two memorandums of understanding (MoU) with the Central Bank of UAE in Abu Dhabi for cross-border transactions in local currencies and interlinking of payment and messaging systems.
The Centre announces that the prices of subsidised tomato were reduced from Rs 90/kg to Rs 80/kg with immediate effect in Delhi-NCR, other cities on Sunday. The Central government has been making efforts to provide relief to people from high prices of the key kitchen item in retail markets.
Global optical lenses major Zeiss Group will invest about Rs 2,500 crore in India on a new plant at Karnataka, mainly to increase its spectacle glasses manufacturing capacity, according to a senior company official.
The share of countries like China and Vietnam in India's 4.84 LMT steel import basket during June 2023 has increased on a year-on-year (y-o-y) basis, according to official data.
Deposit Insurance and Credit Guarantee Corporation (DICGC) has asked all banks to prominently display its logo and QR code on their websites and internet banking portals by August 31 with a view to create awareness about the deposit insurance scheme. Deposits up to Rs 5 lakh in banks are insured by the DICGC. The scheme covers deposits in commercial banks, local area banks (LABs), payments banks (PBs), small finance banks (SFBs), regional rural banks (RRBs), and co-operative banks.
As the finance ministry is not contemplating an extension of the July 31 deadline, Revenue Secretary Sanjay Malhotra has urged the income taxpayers to file their returns at the earliest. He further asserted that the government is expecting higher filing this year as compared to the last year.
Startups in India: Startups and unicorns in India will witness substantial growth in the coming 4-5 years, and startups will increase by 10 times, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said.
The use of smart meters in the country is becoming popular with the government pushing for its widespread adoption. The government's push for smart meters is a part of its efforts to make the country's energy infrastructure modernize and sync with the global standards.
Penny stock Vikas Ecotech, a leading provider of high-end specialty chemicals, is in focus with FIIs picking up stake. According to BSE date, the stock has made its investors wealthier by more than 70 per cent in a year period.
The prices of tomato in retail markets on Sunday remained on rage as they crossed 250 per kg-mark across major cities in the wake of monsoon rains and lean season.
The Reserve Bank of India (RBI) on Saturday signed two memorandums of understanding (MoU) with the Central Bank of UAE in Abu Dhabi for cross-border transactions in local currencies and interlinking of payment and messaging systems.
The Centre announces that the prices of subsidised tomato were reduced from Rs 90/kg to Rs 80/kg with immediate effect in Delhi-NCR, other cities on Sunday. The Central government has been making efforts to provide relief to people from high prices of the key kitchen item in retail markets.
Global optical lenses major Zeiss Group will invest about Rs 2,500 crore in India on a new plant at Karnataka, mainly to increase its spectacle glasses manufacturing capacity, according to a senior company official.
The share of countries like China and Vietnam in India's 4.84 LMT steel import basket during June 2023 has increased on a year-on-year (y-o-y) basis, according to official data.
Deposit Insurance and Credit Guarantee Corporation (DICGC) has asked all banks to prominently display its logo and QR code on their websites and internet banking portals by August 31 with a view to create awareness about the deposit insurance scheme. Deposits up to Rs 5 lakh in banks are insured by the DICGC. The scheme covers deposits in commercial banks, local area banks (LABs), payments banks (PBs), small finance banks (SFBs), regional rural banks (RRBs), and co-operative banks.
As the finance ministry is not contemplating an extension of the July 31 deadline, Revenue Secretary Sanjay Malhotra has urged the income taxpayers to file their returns at the earliest. He further asserted that the government is expecting higher filing this year as compared to the last year.
Startups in India: Startups and unicorns in India will witness substantial growth in the coming 4-5 years, and startups will increase by 10 times, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said.
The use of smart meters in the country is becoming popular with the government pushing for its widespread adoption. The government's push for smart meters is a part of its efforts to make the country's energy infrastructure modernize and sync with the global standards.
Penny stock Vikas Ecotech, a leading provider of high-end specialty chemicals, is in focus with FIIs picking up stake. According to BSE date, the stock has made its investors wealthier by more than 70 per cent in a year period.
The prices of tomato in retail markets on Sunday remained on rage as they crossed 250 per kg-mark across major cities in the wake of monsoon rains and lean season.
The Reserve Bank of India (RBI) on Saturday signed two memorandums of understanding (MoU) with the Central Bank of UAE in Abu Dhabi for cross-border transactions in local currencies and interlinking of payment and messaging systems.
The Centre announces that the prices of subsidised tomato were reduced from Rs 90/kg to Rs 80/kg with immediate effect in Delhi-NCR, other cities on Sunday. The Central government has been making efforts to provide relief to people from high prices of the key kitchen item in retail markets.
Global optical lenses major Zeiss Group will invest about Rs 2,500 crore in India on a new plant at Karnataka, mainly to increase its spectacle glasses manufacturing capacity, according to a senior company official.
The share of countries like China and Vietnam in India's 4.84 LMT steel import basket during June 2023 has increased on a year-on-year (y-o-y) basis, according to official data.
Deposit Insurance and Credit Guarantee Corporation (DICGC) has asked all banks to prominently display its logo and QR code on their websites and internet banking portals by August 31 with a view to create awareness about the deposit insurance scheme. Deposits up to Rs 5 lakh in banks are insured by the DICGC. The scheme covers deposits in commercial banks, local area banks (LABs), payments banks (PBs), small finance banks (SFBs), regional rural banks (RRBs), and co-operative banks.
As the finance ministry is not contemplating an extension of the July 31 deadline, Revenue Secretary Sanjay Malhotra has urged the income taxpayers to file their returns at the earliest. He further asserted that the government is expecting higher filing this year as compared to the last year.
Startups in India: Startups and unicorns in India will witness substantial growth in the coming 4-5 years, and startups will increase by 10 times, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said.
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