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IndiaTV Business: Google News Feed: Digest for July 25, 2023

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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. 
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. 
Stock markets: Dragged down by index heavyweight Reliance Industries after the company missed street estimates due to weak performance in oil-to-chemicals (O2C) business, equity benchmark indices declined in early trade on Monday, extending corrections from their lifetime peaks for the second consecutive session. 
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. 
Stock markets: Dragged down by index heavyweight Reliance Industries after the company missed street estimates due to weak performance in oil-to-chemicals (O2C) business, equity benchmark indices declined in early trade on Monday, extending corrections from their lifetime peaks for the second consecutive session. 
Yes Bank shares on Monday witnessed heavy sell-off pressure at higher levels in morning trade on the bourses after the private lender reported a 10 per cent rise in net profit to Rs 343 crore in the June quarter. Shares of Yes Bank opened on a positive note and touched an early high of Rs 18.44 apiece on the BSE, registering a gain of 2.10 per cent over its previous close.
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. 
Stock markets: Dragged down by index heavyweight Reliance Industries after the company missed street estimates due to weak performance in oil-to-chemicals (O2C) business, equity benchmark indices declined in early trade on Monday, extending corrections from their lifetime peaks for the second consecutive session. 
Yes Bank shares on Monday witnessed heavy sell-off pressure at higher levels in morning trade on the bourses after the private lender reported a 10 per cent rise in net profit to Rs 343 crore in the June quarter. Shares of Yes Bank opened on a positive note and touched an early high of Rs 18.44 apiece on the BSE, registering a gain of 2.10 per cent over its previous close.
Bank Holidays in August 2023: Including weekends, the banks in India will remain shut for 14 days in August 2023. As per the holiday calendar of the Reserve Bank of India (RBI) banks will be closed on various festivals and special occasions that are lined up next month like Raksha Bandhan, Independence Day, Tendong Lho Rum Faat, Parsi New Year (Shahenshahi), Tithi of Srimanta Sankardeva, First Onam, Thiruvonam and more.
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. 
Stock markets: Dragged down by index heavyweight Reliance Industries after the company missed street estimates due to weak performance in oil-to-chemicals (O2C) business, equity benchmark indices declined in early trade on Monday, extending corrections from their lifetime peaks for the second consecutive session. 
Yes Bank shares on Monday witnessed heavy sell-off pressure at higher levels in morning trade on the bourses after the private lender reported a 10 per cent rise in net profit to Rs 343 crore in the June quarter. Shares of Yes Bank opened on a positive note and touched an early high of Rs 18.44 apiece on the BSE, registering a gain of 2.10 per cent over its previous close.
Bank Holidays in August 2023: Including weekends, the banks in India will remain shut for 14 days in August 2023. As per the holiday calendar of the Reserve Bank of India (RBI) banks will be closed on various festivals and special occasions that are lined up next month like Raksha Bandhan, Independence Day, Tendong Lho Rum Faat, Parsi New Year (Shahenshahi), Tithi of Srimanta Sankardeva, First Onam, Thiruvonam and more.
The Centre has ratified the rate of interest at 8.15 per cent rate on deposits under the Employees Provident Fund scheme for the financial year 2022-23.
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. 
Stock markets: Dragged down by index heavyweight Reliance Industries after the company missed street estimates due to weak performance in oil-to-chemicals (O2C) business, equity benchmark indices declined in early trade on Monday, extending corrections from their lifetime peaks for the second consecutive session. 
Yes Bank shares on Monday witnessed heavy sell-off pressure at higher levels in morning trade on the bourses after the private lender reported a 10 per cent rise in net profit to Rs 343 crore in the June quarter. Shares of Yes Bank opened on a positive note and touched an early high of Rs 18.44 apiece on the BSE, registering a gain of 2.10 per cent over its previous close.
Bank Holidays in August 2023: Including weekends, the banks in India will remain shut for 14 days in August 2023. As per the holiday calendar of the Reserve Bank of India (RBI) banks will be closed on various festivals and special occasions that are lined up next month like Raksha Bandhan, Independence Day, Tendong Lho Rum Faat, Parsi New Year (Shahenshahi), Tithi of Srimanta Sankardeva, First Onam, Thiruvonam and more.
The Centre has ratified the rate of interest at 8.15 per cent rate on deposits under the Employees Provident Fund scheme for the financial year 2022-23.
Finance Minister Nirmala Sitharaman on Monday addressed the 164th Income Tax Day event in Delhi. While addressing the public event, she asserted in the last three, or four years, to the credit of the Central Board of Direct Taxation (CBDT), tax rates did not go up, but revenue is steadily going up. 
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. 
Stock markets: Dragged down by index heavyweight Reliance Industries after the company missed street estimates due to weak performance in oil-to-chemicals (O2C) business, equity benchmark indices declined in early trade on Monday, extending corrections from their lifetime peaks for the second consecutive session. 
Yes Bank shares on Monday witnessed heavy sell-off pressure at higher levels in morning trade on the bourses after the private lender reported a 10 per cent rise in net profit to Rs 343 crore in the June quarter. Shares of Yes Bank opened on a positive note and touched an early high of Rs 18.44 apiece on the BSE, registering a gain of 2.10 per cent over its previous close.
Bank Holidays in August 2023: Including weekends, the banks in India will remain shut for 14 days in August 2023. As per the holiday calendar of the Reserve Bank of India (RBI) banks will be closed on various festivals and special occasions that are lined up next month like Raksha Bandhan, Independence Day, Tendong Lho Rum Faat, Parsi New Year (Shahenshahi), Tithi of Srimanta Sankardeva, First Onam, Thiruvonam and more.
The Centre has ratified the rate of interest at 8.15 per cent rate on deposits under the Employees Provident Fund scheme for the financial year 2022-23.
Finance Minister Nirmala Sitharaman on Monday addressed the 164th Income Tax Day event in Delhi. While addressing the public event, she asserted in the last three, or four years, to the credit of the Central Board of Direct Taxation (CBDT), tax rates did not go up, but revenue is steadily going up. 
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