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IndiaTV Business: Google News Feed: Digest for July 24, 2023

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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.
Realty firm Omaxe Limited has announced that its founder chairman Rohtas Goel has stepped down as an executive director as a part of leadership transition. He will continue in the capacity of a non-executive director and chairman.
Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official said on Saturday. Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial services and commerce business.
Realty major DLF sold properties worth Rs 2,040 crore during the first quarter of this fiscal, mainly driven by demand for its luxury properties in Delhi and Gurugram.
Karnataka Chief Minister Siddaramaiah on Saturday announced that his government will come up with a new and progressive Industrial Policy in the state. He further asserted that this will be discussed with industrialists and exporters. CM Siddaramaiah made the announcement at an event organised to present the 'State Export Excellence Awards' organised by the Department of Commerce and Industry and the Visvesvaraya Trade Promotion Centre (VTPC).
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.
Realty firm Omaxe Limited has announced that its founder chairman Rohtas Goel has stepped down as an executive director as a part of leadership transition. He will continue in the capacity of a non-executive director and chairman.
Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official said on Saturday. Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial services and commerce business.
Realty major DLF sold properties worth Rs 2,040 crore during the first quarter of this fiscal, mainly driven by demand for its luxury properties in Delhi and Gurugram.
Karnataka Chief Minister Siddaramaiah on Saturday announced that his government will come up with a new and progressive Industrial Policy in the state. He further asserted that this will be discussed with industrialists and exporters. CM Siddaramaiah made the announcement at an event organised to present the 'State Export Excellence Awards' organised by the Department of Commerce and Industry and the Visvesvaraya Trade Promotion Centre (VTPC).
Indian equity markets continue to draw foreign portfolio investments as foreign investors put in Rs 43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth and challenges faced by the Chinese economy.
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.
Realty firm Omaxe Limited has announced that its founder chairman Rohtas Goel has stepped down as an executive director as a part of leadership transition. He will continue in the capacity of a non-executive director and chairman.
Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official said on Saturday. Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial services and commerce business.
Realty major DLF sold properties worth Rs 2,040 crore during the first quarter of this fiscal, mainly driven by demand for its luxury properties in Delhi and Gurugram.
Karnataka Chief Minister Siddaramaiah on Saturday announced that his government will come up with a new and progressive Industrial Policy in the state. He further asserted that this will be discussed with industrialists and exporters. CM Siddaramaiah made the announcement at an event organised to present the 'State Export Excellence Awards' organised by the Department of Commerce and Industry and the Visvesvaraya Trade Promotion Centre (VTPC).
Indian equity markets continue to draw foreign portfolio investments as foreign investors put in Rs 43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth and challenges faced by the Chinese economy.
Power consumption grew marginally by 1.8 per cent year-on-year to 407.76 billion units in the April-June quarter, mainly due to unseasonal rains, the Biparjoy cyclone and heavy Monsoon downpours, according to the government data. The Central Electricity Authority (CEA) data showed that the power consumption was 400.44 billion units (BU) in the April-June quarter in 2022 and recorded a growth of 17.6 per cent compared to 340.37 BU in the same period of 2021.
Billionaire Gautam Adani-led group's copper-producing factory at Mundra in Gujarat will start operations from March next year, helping cut India's dependence on imports and aiding energy transition, sources said.
The government so far is not looking to frame a separate policy for providing incentives to US-based electric car maker Tesla, and the company can apply to avail support measures under existing schemes like PLI for auto and advanced chemistry cells, a government official has said.
Price hike: The budget of the kitchen was spoiled due to the increase in the prices of food items in the wake of the flood situation in several states, including Delhi and Himachal Pradesh. Tomato has been in the news for sky-high prices for some time now, but other food items such as coriander leaves, ginger, okra, bottle gourd, capsicum and other vegetables are also not lagging behind.
Realty firm Omaxe Limited has announced that its founder chairman Rohtas Goel has stepped down as an executive director as a part of leadership transition. He will continue in the capacity of a non-executive director and chairman.
Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official said on Saturday. Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial services and commerce business.
Realty major DLF sold properties worth Rs 2,040 crore during the first quarter of this fiscal, mainly driven by demand for its luxury properties in Delhi and Gurugram.
Karnataka Chief Minister Siddaramaiah on Saturday announced that his government will come up with a new and progressive Industrial Policy in the state. He further asserted that this will be discussed with industrialists and exporters. CM Siddaramaiah made the announcement at an event organised to present the 'State Export Excellence Awards' organised by the Department of Commerce and Industry and the Visvesvaraya Trade Promotion Centre (VTPC).
Indian equity markets continue to draw foreign portfolio investments as foreign investors put in Rs 43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth and challenges faced by the Chinese economy.
Power consumption grew marginally by 1.8 per cent year-on-year to 407.76 billion units in the April-June quarter, mainly due to unseasonal rains, the Biparjoy cyclone and heavy Monsoon downpours, according to the government data. The Central Electricity Authority (CEA) data showed that the power consumption was 400.44 billion units (BU) in the April-June quarter in 2022 and recorded a growth of 17.6 per cent compared to 340.37 BU in the same period of 2021.
Billionaire Gautam Adani-led group's copper-producing factory at Mundra in Gujarat will start operations from March next year, helping cut India's dependence on imports and aiding energy transition, sources said.
The government so far is not looking to frame a separate policy for providing incentives to US-based electric car maker Tesla, and the company can apply to avail support measures under existing schemes like PLI for auto and advanced chemistry cells, a government official has said.
Price hike: The budget of the kitchen was spoiled due to the increase in the prices of food items in the wake of the flood situation in several states, including Delhi and Himachal Pradesh. Tomato has been in the news for sky-high prices for some time now, but other food items such as coriander leaves, ginger, okra, bottle gourd, capsicum and other vegetables are also not lagging behind.

HDFC Bank expects 17-18% credit growth this year

Sunday 23 July 2023 09:28 AM UTC+00
Country's biggest private sector lender HDFC Bank expects 17-18 per cent loan growth during the current financial year as there is enough credit demand. Effective July 1, the parent mortgage firm HDFC Ltd merged with its subsidiary HDFC Bank making it the second biggest lender after State Bank of India. During the first quarter, the total advances of the bank rose by 15.8 per cent to Rs 16.15 lakh crore.
Fintech firm One97 Communications, which operates under the Paytm brand, expects to generate free cash flow by the end of this year, a top company official said on Saturday. Paytm founder and CEO Vijay Shekhar Sharma, in an earnings call, said that growth for the company in the June 2023 quarter came on account of expansion in payments, financial services and commerce business.
Realty major DLF sold properties worth Rs 2,040 crore during the first quarter of this fiscal, mainly driven by demand for its luxury properties in Delhi and Gurugram.
Karnataka Chief Minister Siddaramaiah on Saturday announced that his government will come up with a new and progressive Industrial Policy in the state. He further asserted that this will be discussed with industrialists and exporters. CM Siddaramaiah made the announcement at an event organised to present the 'State Export Excellence Awards' organised by the Department of Commerce and Industry and the Visvesvaraya Trade Promotion Centre (VTPC).
Indian equity markets continue to draw foreign portfolio investments as foreign investors put in Rs 43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth and challenges faced by the Chinese economy.
Power consumption grew marginally by 1.8 per cent year-on-year to 407.76 billion units in the April-June quarter, mainly due to unseasonal rains, the Biparjoy cyclone and heavy Monsoon downpours, according to the government data. The Central Electricity Authority (CEA) data showed that the power consumption was 400.44 billion units (BU) in the April-June quarter in 2022 and recorded a growth of 17.6 per cent compared to 340.37 BU in the same period of 2021.
Billionaire Gautam Adani-led group's copper-producing factory at Mundra in Gujarat will start operations from March next year, helping cut India's dependence on imports and aiding energy transition, sources said.
The government so far is not looking to frame a separate policy for providing incentives to US-based electric car maker Tesla, and the company can apply to avail support measures under existing schemes like PLI for auto and advanced chemistry cells, a government official has said.
Price hike: The budget of the kitchen was spoiled due to the increase in the prices of food items in the wake of the flood situation in several states, including Delhi and Himachal Pradesh. Tomato has been in the news for sky-high prices for some time now, but other food items such as coriander leaves, ginger, okra, bottle gourd, capsicum and other vegetables are also not lagging behind.

HDFC Bank expects 17-18% credit growth this year

Sunday 23 July 2023 09:28 AM UTC+00
Country's biggest private sector lender HDFC Bank expects 17-18 per cent loan growth during the current financial year as there is enough credit demand. Effective July 1, the parent mortgage firm HDFC Ltd merged with its subsidiary HDFC Bank making it the second biggest lender after State Bank of India. During the first quarter, the total advances of the bank rose by 15.8 per cent to Rs 16.15 lakh crore.
When Meta launched Threads, it was billed as a 'Twitter-killer' as 100 million signed up within days of launch. But just like other rivals to Twitter, Threads seems to be losing traction. New data apps tracking firm Sensor Tower indicates the hype has died down and Threads has seen a 20 per cent decrease in active users and a 50 per cent reduction in time spent on the app, from 20 minutes to 10 minutes.
Karnataka Chief Minister Siddaramaiah on Saturday announced that his government will come up with a new and progressive Industrial Policy in the state. He further asserted that this will be discussed with industrialists and exporters. CM Siddaramaiah made the announcement at an event organised to present the 'State Export Excellence Awards' organised by the Department of Commerce and Industry and the Visvesvaraya Trade Promotion Centre (VTPC).
Indian equity markets continue to draw foreign portfolio investments as foreign investors put in Rs 43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth and challenges faced by the Chinese economy.
Power consumption grew marginally by 1.8 per cent year-on-year to 407.76 billion units in the April-June quarter, mainly due to unseasonal rains, the Biparjoy cyclone and heavy Monsoon downpours, according to the government data. The Central Electricity Authority (CEA) data showed that the power consumption was 400.44 billion units (BU) in the April-June quarter in 2022 and recorded a growth of 17.6 per cent compared to 340.37 BU in the same period of 2021.
Billionaire Gautam Adani-led group's copper-producing factory at Mundra in Gujarat will start operations from March next year, helping cut India's dependence on imports and aiding energy transition, sources said.
The government so far is not looking to frame a separate policy for providing incentives to US-based electric car maker Tesla, and the company can apply to avail support measures under existing schemes like PLI for auto and advanced chemistry cells, a government official has said.
Price hike: The budget of the kitchen was spoiled due to the increase in the prices of food items in the wake of the flood situation in several states, including Delhi and Himachal Pradesh. Tomato has been in the news for sky-high prices for some time now, but other food items such as coriander leaves, ginger, okra, bottle gourd, capsicum and other vegetables are also not lagging behind.

HDFC Bank expects 17-18% credit growth this year

Sunday 23 July 2023 09:28 AM UTC+00
Country's biggest private sector lender HDFC Bank expects 17-18 per cent loan growth during the current financial year as there is enough credit demand. Effective July 1, the parent mortgage firm HDFC Ltd merged with its subsidiary HDFC Bank making it the second biggest lender after State Bank of India. During the first quarter, the total advances of the bank rose by 15.8 per cent to Rs 16.15 lakh crore.
When Meta launched Threads, it was billed as a 'Twitter-killer' as 100 million signed up within days of launch. But just like other rivals to Twitter, Threads seems to be losing traction. New data apps tracking firm Sensor Tower indicates the hype has died down and Threads has seen a 20 per cent decrease in active users and a 50 per cent reduction in time spent on the app, from 20 minutes to 10 minutes.
Electric vehicles news: Electric vehicles (EVs) constitute a miniscule 0.8 per cent of the total number of vehicles registered in the country, despite the government pushing for greener vehicles since 2015. According to an official data, out of the total slightly over 34 crore vehicles registered with road transport ministry's e-vahan portal, as on July 14, 2023, only over 27 lakh vehicles were registered as electrical vehicles.
Go First: The airline company on Sunday announced the cancellation of all of its flights till July 25. According to the notification, the flights have been cancelled due to operational reasons. "We regret to inform that due to operational reasons, Go First flights scheduled till 25th July 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations. We acknowledge the flight cancellations might have disrupted your travel plans and we are committed to providing all the assistance we can. As you are aware, the company has filed an application for immediate resolution and revival of operations. We will be able to resume bookings shortly. We thank you for your patience, the airline company said in an notification. 
Karnataka Chief Minister Siddaramaiah on Saturday announced that his government will come up with a new and progressive Industrial Policy in the state. He further asserted that this will be discussed with industrialists and exporters. CM Siddaramaiah made the announcement at an event organised to present the 'State Export Excellence Awards' organised by the Department of Commerce and Industry and the Visvesvaraya Trade Promotion Centre (VTPC).
Indian equity markets continue to draw foreign portfolio investments as foreign investors put in Rs 43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth and challenges faced by the Chinese economy.
Power consumption grew marginally by 1.8 per cent year-on-year to 407.76 billion units in the April-June quarter, mainly due to unseasonal rains, the Biparjoy cyclone and heavy Monsoon downpours, according to the government data. The Central Electricity Authority (CEA) data showed that the power consumption was 400.44 billion units (BU) in the April-June quarter in 2022 and recorded a growth of 17.6 per cent compared to 340.37 BU in the same period of 2021.
Billionaire Gautam Adani-led group's copper-producing factory at Mundra in Gujarat will start operations from March next year, helping cut India's dependence on imports and aiding energy transition, sources said.
The government so far is not looking to frame a separate policy for providing incentives to US-based electric car maker Tesla, and the company can apply to avail support measures under existing schemes like PLI for auto and advanced chemistry cells, a government official has said.
Price hike: The budget of the kitchen was spoiled due to the increase in the prices of food items in the wake of the flood situation in several states, including Delhi and Himachal Pradesh. Tomato has been in the news for sky-high prices for some time now, but other food items such as coriander leaves, ginger, okra, bottle gourd, capsicum and other vegetables are also not lagging behind.

HDFC Bank expects 17-18% credit growth this year

Sunday 23 July 2023 09:28 AM UTC+00
Country's biggest private sector lender HDFC Bank expects 17-18 per cent loan growth during the current financial year as there is enough credit demand. Effective July 1, the parent mortgage firm HDFC Ltd merged with its subsidiary HDFC Bank making it the second biggest lender after State Bank of India. During the first quarter, the total advances of the bank rose by 15.8 per cent to Rs 16.15 lakh crore.
When Meta launched Threads, it was billed as a 'Twitter-killer' as 100 million signed up within days of launch. But just like other rivals to Twitter, Threads seems to be losing traction. New data apps tracking firm Sensor Tower indicates the hype has died down and Threads has seen a 20 per cent decrease in active users and a 50 per cent reduction in time spent on the app, from 20 minutes to 10 minutes.
Electric vehicles news: Electric vehicles (EVs) constitute a miniscule 0.8 per cent of the total number of vehicles registered in the country, despite the government pushing for greener vehicles since 2015. According to an official data, out of the total slightly over 34 crore vehicles registered with road transport ministry's e-vahan portal, as on July 14, 2023, only over 27 lakh vehicles were registered as electrical vehicles.
Go First: The airline company on Sunday announced the cancellation of all of its flights till July 25. According to the notification, the flights have been cancelled due to operational reasons. "We regret to inform that due to operational reasons, Go First flights scheduled till 25th July 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations. We acknowledge the flight cancellations might have disrupted your travel plans and we are committed to providing all the assistance we can. As you are aware, the company has filed an application for immediate resolution and revival of operations. We will be able to resume bookings shortly. We thank you for your patience, the airline company said in an notification. 
Karnataka Chief Minister Siddaramaiah on Saturday announced that his government will come up with a new and progressive Industrial Policy in the state. He further asserted that this will be discussed with industrialists and exporters. CM Siddaramaiah made the announcement at an event organised to present the 'State Export Excellence Awards' organised by the Department of Commerce and Industry and the Visvesvaraya Trade Promotion Centre (VTPC).
Indian equity markets continue to draw foreign portfolio investments as foreign investors put in Rs 43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth and challenges faced by the Chinese economy.
Power consumption grew marginally by 1.8 per cent year-on-year to 407.76 billion units in the April-June quarter, mainly due to unseasonal rains, the Biparjoy cyclone and heavy Monsoon downpours, according to the government data. The Central Electricity Authority (CEA) data showed that the power consumption was 400.44 billion units (BU) in the April-June quarter in 2022 and recorded a growth of 17.6 per cent compared to 340.37 BU in the same period of 2021.
Billionaire Gautam Adani-led group's copper-producing factory at Mundra in Gujarat will start operations from March next year, helping cut India's dependence on imports and aiding energy transition, sources said.
The government so far is not looking to frame a separate policy for providing incentives to US-based electric car maker Tesla, and the company can apply to avail support measures under existing schemes like PLI for auto and advanced chemistry cells, a government official has said.
Price hike: The budget of the kitchen was spoiled due to the increase in the prices of food items in the wake of the flood situation in several states, including Delhi and Himachal Pradesh. Tomato has been in the news for sky-high prices for some time now, but other food items such as coriander leaves, ginger, okra, bottle gourd, capsicum and other vegetables are also not lagging behind.

HDFC Bank expects 17-18% credit growth this year

Sunday 23 July 2023 09:28 AM UTC+00
Country's biggest private sector lender HDFC Bank expects 17-18 per cent loan growth during the current financial year as there is enough credit demand. Effective July 1, the parent mortgage firm HDFC Ltd merged with its subsidiary HDFC Bank making it the second biggest lender after State Bank of India. During the first quarter, the total advances of the bank rose by 15.8 per cent to Rs 16.15 lakh crore.
When Meta launched Threads, it was billed as a 'Twitter-killer' as 100 million signed up within days of launch. But just like other rivals to Twitter, Threads seems to be losing traction. New data apps tracking firm Sensor Tower indicates the hype has died down and Threads has seen a 20 per cent decrease in active users and a 50 per cent reduction in time spent on the app, from 20 minutes to 10 minutes.
Electric vehicles news: Electric vehicles (EVs) constitute a miniscule 0.8 per cent of the total number of vehicles registered in the country, despite the government pushing for greener vehicles since 2015. According to an official data, out of the total slightly over 34 crore vehicles registered with road transport ministry's e-vahan portal, as on July 14, 2023, only over 27 lakh vehicles were registered as electrical vehicles.
Go First: The airline company on Sunday announced the cancellation of all of its flights till July 25. According to the notification, the flights have been cancelled due to operational reasons. "We regret to inform that due to operational reasons, Go First flights scheduled till 25th July 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations. We acknowledge the flight cancellations might have disrupted your travel plans and we are committed to providing all the assistance we can. As you are aware, the company has filed an application for immediate resolution and revival of operations. We will be able to resume bookings shortly. We thank you for your patience, the airline company said in an notification. 
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