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IndiaTV Business: Google News Feed: Digest for July 22, 2023

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Indian Americans appointed to EXIM US advisory councils

Wednesday 19 July 2023 03:22 AM UTC+00
The Export-Import Bank of the United States (EXIM), which is the authority send out credit organisation of the nation, named new individuals, including numerous Indian-Americans, to its four advisory subcommittees. According to news agency, the subcommittees - - Council on Climate, Council on China Competition, Council on Advancing Women in Business and Council on Small Business -- advise EXIM on its drives as the agency attempts to propel key Biden-Harris organisation priorities.
Surat, which is known for producing 90% of all diamonds in the world, now has a remarkable building to house its thriving industry. A recently opened building in the diamond hub of Surat, Gujarat, has outperformed the Pentagon as the world's largest office building, as per a report in CNN.
Equity benchmark indices Sensex and Nifty continued their upward movement on Wednesday, ending at fresh record high levels, driven by foreign fund inflows and optimism in the global markets.
Reliance Foundation Chairperson Nita Ambani marked her presence at an event in New York and praised India for having rich culture. Her foundation was supporting an art exhibition titled "The Tree and the Serpent" at The Metropolitan Museum of Art. During her address, she said that India's rich culture is attracting people from around the world. 
World Bank president Ajay Banga, the first-ever Indian-American to head the top global financial institution, on Wednesday, praised India's economy saying India doing lot of things to stay ahead during global slowdown. India has come out strong from challenges posed by Covid and it needs to sustain the momentum, he asserted.
A rights issue is a kind of corporate action. Publicly traded companies use it to raise capital from the public. When a rights issue is announced by a listed company, then it grants its existing shareholders the right to buy additional shares at a discount. However, there is no obligation for existing shareholders to participate in the process. A rights issue is an invitation to existing shareholders to purchase additional new shares in the company. As a result, the total number of outstanding equity shares in the market is increased.
Stock markets: As investors went for profit-taking after a record-breaking run in domestic markets, equity benchmark indices declined in early trade on Thursday -- halting their five-day rally. The 30-share BSE Sensex fell 171.62 points to 66,925.82 after a tepid beginning. The NSE Nifty declined 48.6 points to 19,784.55.
Each individual in this nation should document income tax returns (ITR) after each monetary year. The last date for documenting ITR for Financial Year 2022–23 (FY 2023–24) is July 31, 2023, for those individuals who don't need a tax audit. It can lead to no refund if a wrong entry or mistake in mentioning the bank account number is made.
Union Minister of Information Technology Ashwini Vaishnaw has said that India's semiconductor mission is progressing at a very fast pace and step-by-step milestones are being achieved.

India bans export of non-basmati white rice

Thursday 20 July 2023 05:14 PM UTC+00
The central government today (July 20) amended the rice export norms putting the non-basmati white rice in prohibited category. The export policy relating to non-basmati white rice (Semi-milled or wholly milled rice, whether or not polished or glazed: Other) has been revised from free to prohibited and it has come into force immediately, a Directorate General of Foreign Trade (DGFT) notification said.
Equity benchmark indices Sensex and Nifty continued their upward movement on Wednesday, ending at fresh record high levels, driven by foreign fund inflows and optimism in the global markets.
Reliance Foundation Chairperson Nita Ambani marked her presence at an event in New York and praised India for having rich culture. Her foundation was supporting an art exhibition titled "The Tree and the Serpent" at The Metropolitan Museum of Art. During her address, she said that India's rich culture is attracting people from around the world. 
World Bank president Ajay Banga, the first-ever Indian-American to head the top global financial institution, on Wednesday, praised India's economy saying India doing lot of things to stay ahead during global slowdown. India has come out strong from challenges posed by Covid and it needs to sustain the momentum, he asserted.
A rights issue is a kind of corporate action. Publicly traded companies use it to raise capital from the public. When a rights issue is announced by a listed company, then it grants its existing shareholders the right to buy additional shares at a discount. However, there is no obligation for existing shareholders to participate in the process. A rights issue is an invitation to existing shareholders to purchase additional new shares in the company. As a result, the total number of outstanding equity shares in the market is increased.
Stock markets: As investors went for profit-taking after a record-breaking run in domestic markets, equity benchmark indices declined in early trade on Thursday -- halting their five-day rally. The 30-share BSE Sensex fell 171.62 points to 66,925.82 after a tepid beginning. The NSE Nifty declined 48.6 points to 19,784.55.
Each individual in this nation should document income tax returns (ITR) after each monetary year. The last date for documenting ITR for Financial Year 2022–23 (FY 2023–24) is July 31, 2023, for those individuals who don't need a tax audit. It can lead to no refund if a wrong entry or mistake in mentioning the bank account number is made.
Union Minister of Information Technology Ashwini Vaishnaw has said that India's semiconductor mission is progressing at a very fast pace and step-by-step milestones are being achieved.

India bans export of non-basmati white rice

Thursday 20 July 2023 05:14 PM UTC+00
The central government today (July 20) amended the rice export norms putting the non-basmati white rice in prohibited category. The export policy relating to non-basmati white rice (Semi-milled or wholly milled rice, whether or not polished or glazed: Other) has been revised from free to prohibited and it has come into force immediately, a Directorate General of Foreign Trade (DGFT) notification said.
The NBFC is holding the fort amid uptrend in the economy and continuous foreign inflows. Driven by stepped up approach of adopting digital technologies, the country's financial services sector is undergoing a significant transformation.
After Tesla Inc. warned that it may have to keep lowering the prices of its electric vehicles, sending its shares plunging, Elon Musk's wealth decreased by $20.3 billion on Thursday. This drop in total assets to $234.4 billion is the seventh-biggest downfall ever among those in the Bloomberg Billionaires Index. Additionally, it further limits the abundance hole among Musk and Bernard Arnault, the world's two most extravagant individuals. Nonetheless, after the downturn, Musk's fortune actually surpasses that of Arnault by about $33 billion. Arnault is the director of extravagance products producer LVMH.
A rights issue is a kind of corporate action. Publicly traded companies use it to raise capital from the public. When a rights issue is announced by a listed company, then it grants its existing shareholders the right to buy additional shares at a discount. However, there is no obligation for existing shareholders to participate in the process. A rights issue is an invitation to existing shareholders to purchase additional new shares in the company. As a result, the total number of outstanding equity shares in the market is increased.
Stock markets: As investors went for profit-taking after a record-breaking run in domestic markets, equity benchmark indices declined in early trade on Thursday -- halting their five-day rally. The 30-share BSE Sensex fell 171.62 points to 66,925.82 after a tepid beginning. The NSE Nifty declined 48.6 points to 19,784.55.
Each individual in this nation should document income tax returns (ITR) after each monetary year. The last date for documenting ITR for Financial Year 2022–23 (FY 2023–24) is July 31, 2023, for those individuals who don't need a tax audit. It can lead to no refund if a wrong entry or mistake in mentioning the bank account number is made.
Union Minister of Information Technology Ashwini Vaishnaw has said that India's semiconductor mission is progressing at a very fast pace and step-by-step milestones are being achieved.

India bans export of non-basmati white rice

Thursday 20 July 2023 05:14 PM UTC+00
The central government today (July 20) amended the rice export norms putting the non-basmati white rice in prohibited category. The export policy relating to non-basmati white rice (Semi-milled or wholly milled rice, whether or not polished or glazed: Other) has been revised from free to prohibited and it has come into force immediately, a Directorate General of Foreign Trade (DGFT) notification said.
The NBFC is holding the fort amid uptrend in the economy and continuous foreign inflows. Driven by stepped up approach of adopting digital technologies, the country's financial services sector is undergoing a significant transformation.
After Tesla Inc. warned that it may have to keep lowering the prices of its electric vehicles, sending its shares plunging, Elon Musk's wealth decreased by $20.3 billion on Thursday. This drop in total assets to $234.4 billion is the seventh-biggest downfall ever among those in the Bloomberg Billionaires Index. Additionally, it further limits the abundance hole among Musk and Bernard Arnault, the world's two most extravagant individuals. Nonetheless, after the downturn, Musk's fortune actually surpasses that of Arnault by about $33 billion. Arnault is the director of extravagance products producer LVMH.
Stock markets: Dragged down by IT behemoth Infosys after the company slashed its FY24 growth outlook, equity benchmark indices tumbled in early trade on Friday following a non-stop record-breaking rally. A decline in share prices of market bluechip firms Reliance Industries and Tata Consultancy Services also added to the bearish trend in equities.
Shares of Infosys tanked nearly 10 per cent on Friday morning after the company reported a lower-than-expected 11 per cent rise in net profit for the June quarter and slashed its FY24 growth outlook. The stock tumbled 9.47 per cent to Rs 1,311.60 on the BSE.
Tax is required on your pay once it exceeds a specific level. You must file an Income Tax Return to pay the taxes. ITR is a form wherein you enter insights about the pay you have procured in the past financial year (1st April–31st March). Filing an ITR is significant and applies to everybody, be it a salaried individual, Organisation, etc.
Each individual in this nation should document income tax returns (ITR) after each monetary year. The last date for documenting ITR for Financial Year 2022–23 (FY 2023–24) is July 31, 2023, for those individuals who don't need a tax audit. It can lead to no refund if a wrong entry or mistake in mentioning the bank account number is made.
Union Minister of Information Technology Ashwini Vaishnaw has said that India's semiconductor mission is progressing at a very fast pace and step-by-step milestones are being achieved.

India bans export of non-basmati white rice

Thursday 20 July 2023 05:14 PM UTC+00
The central government today (July 20) amended the rice export norms putting the non-basmati white rice in prohibited category. The export policy relating to non-basmati white rice (Semi-milled or wholly milled rice, whether or not polished or glazed: Other) has been revised from free to prohibited and it has come into force immediately, a Directorate General of Foreign Trade (DGFT) notification said.
The NBFC is holding the fort amid uptrend in the economy and continuous foreign inflows. Driven by stepped up approach of adopting digital technologies, the country's financial services sector is undergoing a significant transformation.
After Tesla Inc. warned that it may have to keep lowering the prices of its electric vehicles, sending its shares plunging, Elon Musk's wealth decreased by $20.3 billion on Thursday. This drop in total assets to $234.4 billion is the seventh-biggest downfall ever among those in the Bloomberg Billionaires Index. Additionally, it further limits the abundance hole among Musk and Bernard Arnault, the world's two most extravagant individuals. Nonetheless, after the downturn, Musk's fortune actually surpasses that of Arnault by about $33 billion. Arnault is the director of extravagance products producer LVMH.
Stock markets: Dragged down by IT behemoth Infosys after the company slashed its FY24 growth outlook, equity benchmark indices tumbled in early trade on Friday following a non-stop record-breaking rally. A decline in share prices of market bluechip firms Reliance Industries and Tata Consultancy Services also added to the bearish trend in equities.
Shares of Infosys tanked nearly 10 per cent on Friday morning after the company reported a lower-than-expected 11 per cent rise in net profit for the June quarter and slashed its FY24 growth outlook. The stock tumbled 9.47 per cent to Rs 1,311.60 on the BSE.
Tax is required on your pay once it exceeds a specific level. You must file an Income Tax Return to pay the taxes. ITR is a form wherein you enter insights about the pay you have procured in the past financial year (1st April–31st March). Filing an ITR is significant and applies to everybody, be it a salaried individual, Organisation, etc.
Trouble continues at a retail company and quick-grocery delivery provider Dunzo. The Bangalore-based company, which is backed by Google, is not able to pay the employees' salaries. As per the reports, Dunzo has also not settled the outstanding dues of last month yet.
Retail inflation for farm workers and rural labourers inched up marginally to 6.31 per cent and 6.16 per cent, respectively in June as compared to 5.99 per cent and 5.84 per cent in May this year. The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers for June 2023 increased by 10 points each to 1,196 points and 1,207 points, respectively. CPI-AL and CPI-RL were 1,186 points and 1,197 points in May 2023.
Union Minister of Information Technology Ashwini Vaishnaw has said that India's semiconductor mission is progressing at a very fast pace and step-by-step milestones are being achieved.

India bans export of non-basmati white rice

Thursday 20 July 2023 05:14 PM UTC+00
The central government today (July 20) amended the rice export norms putting the non-basmati white rice in prohibited category. The export policy relating to non-basmati white rice (Semi-milled or wholly milled rice, whether or not polished or glazed: Other) has been revised from free to prohibited and it has come into force immediately, a Directorate General of Foreign Trade (DGFT) notification said.
The NBFC is holding the fort amid uptrend in the economy and continuous foreign inflows. Driven by stepped up approach of adopting digital technologies, the country's financial services sector is undergoing a significant transformation.
After Tesla Inc. warned that it may have to keep lowering the prices of its electric vehicles, sending its shares plunging, Elon Musk's wealth decreased by $20.3 billion on Thursday. This drop in total assets to $234.4 billion is the seventh-biggest downfall ever among those in the Bloomberg Billionaires Index. Additionally, it further limits the abundance hole among Musk and Bernard Arnault, the world's two most extravagant individuals. Nonetheless, after the downturn, Musk's fortune actually surpasses that of Arnault by about $33 billion. Arnault is the director of extravagance products producer LVMH.
Stock markets: Dragged down by IT behemoth Infosys after the company slashed its FY24 growth outlook, equity benchmark indices tumbled in early trade on Friday following a non-stop record-breaking rally. A decline in share prices of market bluechip firms Reliance Industries and Tata Consultancy Services also added to the bearish trend in equities.
Shares of Infosys tanked nearly 10 per cent on Friday morning after the company reported a lower-than-expected 11 per cent rise in net profit for the June quarter and slashed its FY24 growth outlook. The stock tumbled 9.47 per cent to Rs 1,311.60 on the BSE.
Tax is required on your pay once it exceeds a specific level. You must file an Income Tax Return to pay the taxes. ITR is a form wherein you enter insights about the pay you have procured in the past financial year (1st April–31st March). Filing an ITR is significant and applies to everybody, be it a salaried individual, Organisation, etc.
Trouble continues at a retail company and quick-grocery delivery provider Dunzo. The Bangalore-based company, which is backed by Google, is not able to pay the employees' salaries. As per the reports, Dunzo has also not settled the outstanding dues of last month yet.
Retail inflation for farm workers and rural labourers inched up marginally to 6.31 per cent and 6.16 per cent, respectively in June as compared to 5.99 per cent and 5.84 per cent in May this year. The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers for June 2023 increased by 10 points each to 1,196 points and 1,207 points, respectively. CPI-AL and CPI-RL were 1,186 points and 1,197 points in May 2023.
The cash-strapped budget carrier Go First on Friday announced that they will resume scheduled flight operations after getting the approval and availability of flight schedules by the Directorate General of Civil Aviation (DGCA), with additional conditions.
Union Minister of Information Technology Ashwini Vaishnaw has said that India's semiconductor mission is progressing at a very fast pace and step-by-step milestones are being achieved.

India bans export of non-basmati white rice

Thursday 20 July 2023 05:14 PM UTC+00
The central government today (July 20) amended the rice export norms putting the non-basmati white rice in prohibited category. The export policy relating to non-basmati white rice (Semi-milled or wholly milled rice, whether or not polished or glazed: Other) has been revised from free to prohibited and it has come into force immediately, a Directorate General of Foreign Trade (DGFT) notification said.
The NBFC is holding the fort amid uptrend in the economy and continuous foreign inflows. Driven by stepped up approach of adopting digital technologies, the country's financial services sector is undergoing a significant transformation.
After Tesla Inc. warned that it may have to keep lowering the prices of its electric vehicles, sending its shares plunging, Elon Musk's wealth decreased by $20.3 billion on Thursday. This drop in total assets to $234.4 billion is the seventh-biggest downfall ever among those in the Bloomberg Billionaires Index. Additionally, it further limits the abundance hole among Musk and Bernard Arnault, the world's two most extravagant individuals. Nonetheless, after the downturn, Musk's fortune actually surpasses that of Arnault by about $33 billion. Arnault is the director of extravagance products producer LVMH.
Stock markets: Dragged down by IT behemoth Infosys after the company slashed its FY24 growth outlook, equity benchmark indices tumbled in early trade on Friday following a non-stop record-breaking rally. A decline in share prices of market bluechip firms Reliance Industries and Tata Consultancy Services also added to the bearish trend in equities.
Shares of Infosys tanked nearly 10 per cent on Friday morning after the company reported a lower-than-expected 11 per cent rise in net profit for the June quarter and slashed its FY24 growth outlook. The stock tumbled 9.47 per cent to Rs 1,311.60 on the BSE.
Tax is required on your pay once it exceeds a specific level. You must file an Income Tax Return to pay the taxes. ITR is a form wherein you enter insights about the pay you have procured in the past financial year (1st April–31st March). Filing an ITR is significant and applies to everybody, be it a salaried individual, Organisation, etc.
Trouble continues at a retail company and quick-grocery delivery provider Dunzo. The Bangalore-based company, which is backed by Google, is not able to pay the employees' salaries. As per the reports, Dunzo has also not settled the outstanding dues of last month yet.
Retail inflation for farm workers and rural labourers inched up marginally to 6.31 per cent and 6.16 per cent, respectively in June as compared to 5.99 per cent and 5.84 per cent in May this year. The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers for June 2023 increased by 10 points each to 1,196 points and 1,207 points, respectively. CPI-AL and CPI-RL were 1,186 points and 1,197 points in May 2023.
The cash-strapped budget carrier Go First on Friday announced that they will resume scheduled flight operations after getting the approval and availability of flight schedules by the Directorate General of Civil Aviation (DGCA), with additional conditions.
Union Minister of Information Technology Ashwini Vaishnaw has said that India's semiconductor mission is progressing at a very fast pace and step-by-step milestones are being achieved.

India bans export of non-basmati white rice

Thursday 20 July 2023 05:14 PM UTC+00
The central government today (July 20) amended the rice export norms putting the non-basmati white rice in prohibited category. The export policy relating to non-basmati white rice (Semi-milled or wholly milled rice, whether or not polished or glazed: Other) has been revised from free to prohibited and it has come into force immediately, a Directorate General of Foreign Trade (DGFT) notification said.
The NBFC is holding the fort amid uptrend in the economy and continuous foreign inflows. Driven by stepped up approach of adopting digital technologies, the country's financial services sector is undergoing a significant transformation.
After Tesla Inc. warned that it may have to keep lowering the prices of its electric vehicles, sending its shares plunging, Elon Musk's wealth decreased by $20.3 billion on Thursday. This drop in total assets to $234.4 billion is the seventh-biggest downfall ever among those in the Bloomberg Billionaires Index. Additionally, it further limits the abundance hole among Musk and Bernard Arnault, the world's two most extravagant individuals. Nonetheless, after the downturn, Musk's fortune actually surpasses that of Arnault by about $33 billion. Arnault is the director of extravagance products producer LVMH.
Stock markets: Dragged down by IT behemoth Infosys after the company slashed its FY24 growth outlook, equity benchmark indices tumbled in early trade on Friday following a non-stop record-breaking rally. A decline in share prices of market bluechip firms Reliance Industries and Tata Consultancy Services also added to the bearish trend in equities.
Shares of Infosys tanked nearly 10 per cent on Friday morning after the company reported a lower-than-expected 11 per cent rise in net profit for the June quarter and slashed its FY24 growth outlook. The stock tumbled 9.47 per cent to Rs 1,311.60 on the BSE.
Tax is required on your pay once it exceeds a specific level. You must file an Income Tax Return to pay the taxes. ITR is a form wherein you enter insights about the pay you have procured in the past financial year (1st April–31st March). Filing an ITR is significant and applies to everybody, be it a salaried individual, Organisation, etc.
Trouble continues at a retail company and quick-grocery delivery provider Dunzo. The Bangalore-based company, which is backed by Google, is not able to pay the employees' salaries. As per the reports, Dunzo has also not settled the outstanding dues of last month yet.
Retail inflation for farm workers and rural labourers inched up marginally to 6.31 per cent and 6.16 per cent, respectively in June as compared to 5.99 per cent and 5.84 per cent in May this year. The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers for June 2023 increased by 10 points each to 1,196 points and 1,207 points, respectively. CPI-AL and CPI-RL were 1,186 points and 1,197 points in May 2023.
The cash-strapped budget carrier Go First on Friday announced that they will resume scheduled flight operations after getting the approval and availability of flight schedules by the Directorate General of Civil Aviation (DGCA), with additional conditions.
Union Minister of Information Technology Ashwini Vaishnaw has said that India's semiconductor mission is progressing at a very fast pace and step-by-step milestones are being achieved.

India bans export of non-basmati white rice

Thursday 20 July 2023 05:14 PM UTC+00
The central government today (July 20) amended the rice export norms putting the non-basmati white rice in prohibited category. The export policy relating to non-basmati white rice (Semi-milled or wholly milled rice, whether or not polished or glazed: Other) has been revised from free to prohibited and it has come into force immediately, a Directorate General of Foreign Trade (DGFT) notification said.
The NBFC is holding the fort amid uptrend in the economy and continuous foreign inflows. Driven by stepped up approach of adopting digital technologies, the country's financial services sector is undergoing a significant transformation.
After Tesla Inc. warned that it may have to keep lowering the prices of its electric vehicles, sending its shares plunging, Elon Musk's wealth decreased by $20.3 billion on Thursday. This drop in total assets to $234.4 billion is the seventh-biggest downfall ever among those in the Bloomberg Billionaires Index. Additionally, it further limits the abundance hole among Musk and Bernard Arnault, the world's two most extravagant individuals. Nonetheless, after the downturn, Musk's fortune actually surpasses that of Arnault by about $33 billion. Arnault is the director of extravagance products producer LVMH.
Stock markets: Dragged down by IT behemoth Infosys after the company slashed its FY24 growth outlook, equity benchmark indices tumbled in early trade on Friday following a non-stop record-breaking rally. A decline in share prices of market bluechip firms Reliance Industries and Tata Consultancy Services also added to the bearish trend in equities.
Shares of Infosys tanked nearly 10 per cent on Friday morning after the company reported a lower-than-expected 11 per cent rise in net profit for the June quarter and slashed its FY24 growth outlook. The stock tumbled 9.47 per cent to Rs 1,311.60 on the BSE.
Tax is required on your pay once it exceeds a specific level. You must file an Income Tax Return to pay the taxes. ITR is a form wherein you enter insights about the pay you have procured in the past financial year (1st April–31st March). Filing an ITR is significant and applies to everybody, be it a salaried individual, Organisation, etc.
Trouble continues at a retail company and quick-grocery delivery provider Dunzo. The Bangalore-based company, which is backed by Google, is not able to pay the employees' salaries. As per the reports, Dunzo has also not settled the outstanding dues of last month yet.
Retail inflation for farm workers and rural labourers inched up marginally to 6.31 per cent and 6.16 per cent, respectively in June as compared to 5.99 per cent and 5.84 per cent in May this year. The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers for June 2023 increased by 10 points each to 1,196 points and 1,207 points, respectively. CPI-AL and CPI-RL were 1,186 points and 1,197 points in May 2023.
The cash-strapped budget carrier Go First on Friday announced that they will resume scheduled flight operations after getting the approval and availability of flight schedules by the Directorate General of Civil Aviation (DGCA), with additional conditions.
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