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IndiaTV Business: Google News Feed: Digest for July 04, 2023

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Aim to double every four years: HDFC Bank MD after merger

Saturday 01 July 2023 03:10 PM UTC+00
Having successfully executed the merger with parent HDFC, HDFC Bank's managing director and chief executive Sashidhar Jagdishan on Saturday said the country's largest lender aims to double every four years. In a letter to the over 4,000 employees from HDFC who joined the bank's rolls on Saturday, Jagdishan said the future is bright, and the work on realising the potential of the merger starts now.
Finance Minister Nirmala Sitharaman stated on Saturday that the profit of public sector banks has tripled to Rs 1.04 lakh crore over the past nine years as a result of government initiatives. She also emphasised the significance of maintaining the momentum that is fueling the economy.
State-owned Punjab National Bank (PNB) on Saturday said it has partnered with Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL), better known as Amul, to offer financial services to federation's supply network pan-India under the MUDRA scheme.
Nirmala Sitharaman on GST: Union Finance Minister Nirmala Sitharaman said on Saturday (July 1) that the Goods and Services Tax (GST) has done justice to consumers by bringing the rates down compared to the previous Government. She went on to say that the GST has increased tax buoyancy for both states and the central government.
CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration, CBIC chief Vivek Johri said.

HMA Agro Industries IPO to list on bourses this week

Sunday 02 July 2023 10:34 AM UTC+00
The Initial Public Offer (IPO) of frozen meat exporter HMA Agro Industries which was subscribed 1.62 times will list on bourses this week.
The largest robotics company in India, Addverb, which is owned by Reliance Retail, expects to surpass Rs 8,000 crore in revenue in five years, with scaling up of manufacturing operations and diversifying target market base, a senior company official said.
The combined market valuation of the top 10 most valued firms jumped Rs 1.88 lakh crore last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, amid bullish investor sentiments. Last week, the BSE benchmark jumped 1,739.19 points or 2.76 percent.
The largest public sector lender, State Bank of India (SBI) on Sunday revamped its digital banking application 'YONO for Every Indian' and further launched Interoperable Cardless Cash Withdrawal (ICCW) facilities. This was done on the backdrop of the lender's 68th Bank Day. With YONO's new avatar, any bank customers will now have access to UPI features like Scan and Pay, Pay by contacts, and Request money, among others.
Tesla's second-quarter deliveries rose 83 per cent from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of US government tax credits. The Austin, Texas, producer of EV, solar panels and batteries said Sunday that it sold a record 466,140 vehicles worldwide from April through June, nearly doubling the 254,695 it sold during the same period a year earlier. The vast majority of the sales were Tesla's popular Model 3 and Model Y versions.
Finance Minister Nirmala Sitharaman stated on Saturday that the profit of public sector banks has tripled to Rs 1.04 lakh crore over the past nine years as a result of government initiatives. She also emphasised the significance of maintaining the momentum that is fueling the economy.
State-owned Punjab National Bank (PNB) on Saturday said it has partnered with Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL), better known as Amul, to offer financial services to federation's supply network pan-India under the MUDRA scheme.
Nirmala Sitharaman on GST: Union Finance Minister Nirmala Sitharaman said on Saturday (July 1) that the Goods and Services Tax (GST) has done justice to consumers by bringing the rates down compared to the previous Government. She went on to say that the GST has increased tax buoyancy for both states and the central government.
CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration, CBIC chief Vivek Johri said.

HMA Agro Industries IPO to list on bourses this week

Sunday 02 July 2023 10:34 AM UTC+00
The Initial Public Offer (IPO) of frozen meat exporter HMA Agro Industries which was subscribed 1.62 times will list on bourses this week.
The largest robotics company in India, Addverb, which is owned by Reliance Retail, expects to surpass Rs 8,000 crore in revenue in five years, with scaling up of manufacturing operations and diversifying target market base, a senior company official said.
The combined market valuation of the top 10 most valued firms jumped Rs 1.88 lakh crore last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, amid bullish investor sentiments. Last week, the BSE benchmark jumped 1,739.19 points or 2.76 percent.
The largest public sector lender, State Bank of India (SBI) on Sunday revamped its digital banking application 'YONO for Every Indian' and further launched Interoperable Cardless Cash Withdrawal (ICCW) facilities. This was done on the backdrop of the lender's 68th Bank Day. With YONO's new avatar, any bank customers will now have access to UPI features like Scan and Pay, Pay by contacts, and Request money, among others.
Tesla's second-quarter deliveries rose 83 per cent from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of US government tax credits. The Austin, Texas, producer of EV, solar panels and batteries said Sunday that it sold a record 466,140 vehicles worldwide from April through June, nearly doubling the 254,695 it sold during the same period a year earlier. The vast majority of the sales were Tesla's popular Model 3 and Model Y versions.
Sensex opened up at 353.34 points and currently trading at 65,071.90, an all-time high, while Nifty is up by 99.85 points and trading at 19,288.90. The 30-share BSE Sensex jumped 449.46 points to hit its all-time peak of 65,168.02 in early trade. The NSE Nifty climbed 128.95 points to reach its lifetime high of 19,318.
Finance Minister Nirmala Sitharaman stated on Saturday that the profit of public sector banks has tripled to Rs 1.04 lakh crore over the past nine years as a result of government initiatives. She also emphasised the significance of maintaining the momentum that is fueling the economy.
State-owned Punjab National Bank (PNB) on Saturday said it has partnered with Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL), better known as Amul, to offer financial services to federation's supply network pan-India under the MUDRA scheme.
Nirmala Sitharaman on GST: Union Finance Minister Nirmala Sitharaman said on Saturday (July 1) that the Goods and Services Tax (GST) has done justice to consumers by bringing the rates down compared to the previous Government. She went on to say that the GST has increased tax buoyancy for both states and the central government.
CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration, CBIC chief Vivek Johri said.

HMA Agro Industries IPO to list on bourses this week

Sunday 02 July 2023 10:34 AM UTC+00
The Initial Public Offer (IPO) of frozen meat exporter HMA Agro Industries which was subscribed 1.62 times will list on bourses this week.
The largest robotics company in India, Addverb, which is owned by Reliance Retail, expects to surpass Rs 8,000 crore in revenue in five years, with scaling up of manufacturing operations and diversifying target market base, a senior company official said.
The combined market valuation of the top 10 most valued firms jumped Rs 1.88 lakh crore last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, amid bullish investor sentiments. Last week, the BSE benchmark jumped 1,739.19 points or 2.76 percent.
The largest public sector lender, State Bank of India (SBI) on Sunday revamped its digital banking application 'YONO for Every Indian' and further launched Interoperable Cardless Cash Withdrawal (ICCW) facilities. This was done on the backdrop of the lender's 68th Bank Day. With YONO's new avatar, any bank customers will now have access to UPI features like Scan and Pay, Pay by contacts, and Request money, among others.
Tesla's second-quarter deliveries rose 83 per cent from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of US government tax credits. The Austin, Texas, producer of EV, solar panels and batteries said Sunday that it sold a record 466,140 vehicles worldwide from April through June, nearly doubling the 254,695 it sold during the same period a year earlier. The vast majority of the sales were Tesla's popular Model 3 and Model Y versions.
Sensex opened up at 353.34 points and currently trading at 65,071.90, an all-time high, while Nifty is up by 99.85 points and trading at 19,288.90. The 30-share BSE Sensex jumped 449.46 points to hit its all-time peak of 65,168.02 in early trade. The NSE Nifty climbed 128.95 points to reach its lifetime high of 19,318.
State-owned Punjab National Bank (PNB) on Saturday said it has partnered with Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL), better known as Amul, to offer financial services to federation's supply network pan-India under the MUDRA scheme.
Nirmala Sitharaman on GST: Union Finance Minister Nirmala Sitharaman said on Saturday (July 1) that the Goods and Services Tax (GST) has done justice to consumers by bringing the rates down compared to the previous Government. She went on to say that the GST has increased tax buoyancy for both states and the central government.
CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration, CBIC chief Vivek Johri said.

HMA Agro Industries IPO to list on bourses this week

Sunday 02 July 2023 10:34 AM UTC+00
The Initial Public Offer (IPO) of frozen meat exporter HMA Agro Industries which was subscribed 1.62 times will list on bourses this week.
The largest robotics company in India, Addverb, which is owned by Reliance Retail, expects to surpass Rs 8,000 crore in revenue in five years, with scaling up of manufacturing operations and diversifying target market base, a senior company official said.
The combined market valuation of the top 10 most valued firms jumped Rs 1.88 lakh crore last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, amid bullish investor sentiments. Last week, the BSE benchmark jumped 1,739.19 points or 2.76 percent.
The largest public sector lender, State Bank of India (SBI) on Sunday revamped its digital banking application 'YONO for Every Indian' and further launched Interoperable Cardless Cash Withdrawal (ICCW) facilities. This was done on the backdrop of the lender's 68th Bank Day. With YONO's new avatar, any bank customers will now have access to UPI features like Scan and Pay, Pay by contacts, and Request money, among others.
Tesla's second-quarter deliveries rose 83 per cent from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of US government tax credits. The Austin, Texas, producer of EV, solar panels and batteries said Sunday that it sold a record 466,140 vehicles worldwide from April through June, nearly doubling the 254,695 it sold during the same period a year earlier. The vast majority of the sales were Tesla's popular Model 3 and Model Y versions.
Sensex opened up at 353.34 points and currently trading at 65,071.90, an all-time high, while Nifty is up by 99.85 points and trading at 19,288.90. The 30-share BSE Sensex jumped 449.46 points to hit its all-time peak of 65,168.02 in early trade. The NSE Nifty climbed 128.95 points to reach its lifetime high of 19,318.
India's manufacturing sector activities moderated in June from a 31-month high in May, a monthly survey uncovered on Monday. The occasionally changed S&P Worldwide India Manufacturing Purchasing Managers' Index (PMI) tumbled from 58.7 in May to 57.8 in June. As per the S&P Worldwide survey, manufacturing output still stayed in the development domain, as new work orders extended forcefully amid favourable demand conditions.
State-owned Punjab National Bank (PNB) on Saturday said it has partnered with Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL), better known as Amul, to offer financial services to federation's supply network pan-India under the MUDRA scheme.
Nirmala Sitharaman on GST: Union Finance Minister Nirmala Sitharaman said on Saturday (July 1) that the Goods and Services Tax (GST) has done justice to consumers by bringing the rates down compared to the previous Government. She went on to say that the GST has increased tax buoyancy for both states and the central government.
CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration, CBIC chief Vivek Johri said.

HMA Agro Industries IPO to list on bourses this week

Sunday 02 July 2023 10:34 AM UTC+00
The Initial Public Offer (IPO) of frozen meat exporter HMA Agro Industries which was subscribed 1.62 times will list on bourses this week.
The largest robotics company in India, Addverb, which is owned by Reliance Retail, expects to surpass Rs 8,000 crore in revenue in five years, with scaling up of manufacturing operations and diversifying target market base, a senior company official said.
The combined market valuation of the top 10 most valued firms jumped Rs 1.88 lakh crore last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, amid bullish investor sentiments. Last week, the BSE benchmark jumped 1,739.19 points or 2.76 percent.
The largest public sector lender, State Bank of India (SBI) on Sunday revamped its digital banking application 'YONO for Every Indian' and further launched Interoperable Cardless Cash Withdrawal (ICCW) facilities. This was done on the backdrop of the lender's 68th Bank Day. With YONO's new avatar, any bank customers will now have access to UPI features like Scan and Pay, Pay by contacts, and Request money, among others.
Tesla's second-quarter deliveries rose 83 per cent from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of US government tax credits. The Austin, Texas, producer of EV, solar panels and batteries said Sunday that it sold a record 466,140 vehicles worldwide from April through June, nearly doubling the 254,695 it sold during the same period a year earlier. The vast majority of the sales were Tesla's popular Model 3 and Model Y versions.
Sensex opened up at 353.34 points and currently trading at 65,071.90, an all-time high, while Nifty is up by 99.85 points and trading at 19,288.90. The 30-share BSE Sensex jumped 449.46 points to hit its all-time peak of 65,168.02 in early trade. The NSE Nifty climbed 128.95 points to reach its lifetime high of 19,318.
India's manufacturing sector activities moderated in June from a 31-month high in May, a monthly survey uncovered on Monday. The occasionally changed S&P Worldwide India Manufacturing Purchasing Managers' Index (PMI) tumbled from 58.7 in May to 57.8 in June. As per the S&P Worldwide survey, manufacturing output still stayed in the development domain, as new work orders extended forcefully amid favourable demand conditions.
State-owned Punjab National Bank (PNB) on Saturday said it has partnered with Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL), better known as Amul, to offer financial services to federation's supply network pan-India under the MUDRA scheme.
Nirmala Sitharaman on GST: Union Finance Minister Nirmala Sitharaman said on Saturday (July 1) that the Goods and Services Tax (GST) has done justice to consumers by bringing the rates down compared to the previous Government. She went on to say that the GST has increased tax buoyancy for both states and the central government.
CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration, CBIC chief Vivek Johri said.

HMA Agro Industries IPO to list on bourses this week

Sunday 02 July 2023 10:34 AM UTC+00
The Initial Public Offer (IPO) of frozen meat exporter HMA Agro Industries which was subscribed 1.62 times will list on bourses this week.
The largest robotics company in India, Addverb, which is owned by Reliance Retail, expects to surpass Rs 8,000 crore in revenue in five years, with scaling up of manufacturing operations and diversifying target market base, a senior company official said.
The combined market valuation of the top 10 most valued firms jumped Rs 1.88 lakh crore last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, amid bullish investor sentiments. Last week, the BSE benchmark jumped 1,739.19 points or 2.76 percent.
The largest public sector lender, State Bank of India (SBI) on Sunday revamped its digital banking application 'YONO for Every Indian' and further launched Interoperable Cardless Cash Withdrawal (ICCW) facilities. This was done on the backdrop of the lender's 68th Bank Day. With YONO's new avatar, any bank customers will now have access to UPI features like Scan and Pay, Pay by contacts, and Request money, among others.
Tesla's second-quarter deliveries rose 83 per cent from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of US government tax credits. The Austin, Texas, producer of EV, solar panels and batteries said Sunday that it sold a record 466,140 vehicles worldwide from April through June, nearly doubling the 254,695 it sold during the same period a year earlier. The vast majority of the sales were Tesla's popular Model 3 and Model Y versions.
Sensex opened up at 353.34 points and currently trading at 65,071.90, an all-time high, while Nifty is up by 99.85 points and trading at 19,288.90. The 30-share BSE Sensex jumped 449.46 points to hit its all-time peak of 65,168.02 in early trade. The NSE Nifty climbed 128.95 points to reach its lifetime high of 19,318.
India's manufacturing sector activities moderated in June from a 31-month high in May, a monthly survey uncovered on Monday. The occasionally changed S&P Worldwide India Manufacturing Purchasing Managers' Index (PMI) tumbled from 58.7 in May to 57.8 in June. As per the S&P Worldwide survey, manufacturing output still stayed in the development domain, as new work orders extended forcefully amid favourable demand conditions.
State-owned Punjab National Bank (PNB) on Saturday said it has partnered with Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL), better known as Amul, to offer financial services to federation's supply network pan-India under the MUDRA scheme.
Nirmala Sitharaman on GST: Union Finance Minister Nirmala Sitharaman said on Saturday (July 1) that the Goods and Services Tax (GST) has done justice to consumers by bringing the rates down compared to the previous Government. She went on to say that the GST has increased tax buoyancy for both states and the central government.
CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration, CBIC chief Vivek Johri said.

HMA Agro Industries IPO to list on bourses this week

Sunday 02 July 2023 10:34 AM UTC+00
The Initial Public Offer (IPO) of frozen meat exporter HMA Agro Industries which was subscribed 1.62 times will list on bourses this week.
The largest robotics company in India, Addverb, which is owned by Reliance Retail, expects to surpass Rs 8,000 crore in revenue in five years, with scaling up of manufacturing operations and diversifying target market base, a senior company official said.
The combined market valuation of the top 10 most valued firms jumped Rs 1.88 lakh crore last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, amid bullish investor sentiments. Last week, the BSE benchmark jumped 1,739.19 points or 2.76 percent.
The largest public sector lender, State Bank of India (SBI) on Sunday revamped its digital banking application 'YONO for Every Indian' and further launched Interoperable Cardless Cash Withdrawal (ICCW) facilities. This was done on the backdrop of the lender's 68th Bank Day. With YONO's new avatar, any bank customers will now have access to UPI features like Scan and Pay, Pay by contacts, and Request money, among others.
Tesla's second-quarter deliveries rose 83 per cent from a year ago after the company cut prices several times on its four electric vehicle models and buyers took advantage of US government tax credits. The Austin, Texas, producer of EV, solar panels and batteries said Sunday that it sold a record 466,140 vehicles worldwide from April through June, nearly doubling the 254,695 it sold during the same period a year earlier. The vast majority of the sales were Tesla's popular Model 3 and Model Y versions.
Sensex opened up at 353.34 points and currently trading at 65,071.90, an all-time high, while Nifty is up by 99.85 points and trading at 19,288.90. The 30-share BSE Sensex jumped 449.46 points to hit its all-time peak of 65,168.02 in early trade. The NSE Nifty climbed 128.95 points to reach its lifetime high of 19,318.
India's manufacturing sector activities moderated in June from a 31-month high in May, a monthly survey uncovered on Monday. The occasionally changed S&P Worldwide India Manufacturing Purchasing Managers' Index (PMI) tumbled from 58.7 in May to 57.8 in June. As per the S&P Worldwide survey, manufacturing output still stayed in the development domain, as new work orders extended forcefully amid favourable demand conditions.
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