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IndiaTV Business: Google News Feed: Digest for July 06, 2023

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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.
The initial public offering (IPO) of Synoptics Technologies is now open for subscription. The issue has received good response so far with the subscription reaching 0.62 per cent on the second day of the offer. 
The board of directors of IDFC First Bank Limited has approved the merger of IDFC Limited and IDFC First Bank. The proposed consolidation will unite the two elements into a solitary establishment and improve on the corporate construction. The declaration comes only days after the $40 billion consolidation among HDFC and HDFC Bank.
Stock markets: Benchmark equity indices continued their record-shattering spree on Tuesday, with the Sensex and Nifty hitting their fresh all-time high levels in early trade, amid persistent foreign fund inflows. Also, buying in Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and HDFC twins added to the positive market momentum.
Tina Ambani, wife of Reliance ADA Group Chairman Anil Ambani, appeared before the Enforcement Directorate (ED) on Tuesday with an investigation into the alleged infringement of the Foreign Exchange Management Act (FEMA). The latest development follows Anil Ambani's visit to the ED office, where he furnished his statement regarding the ongoing probe.
Startup20 summit: Commerce and Industry Minister Piyush Goyal said on Tuesday said that the government will always act as a facilitator to strengthen the startup ecosystem and not act as a regulator. Addressing the Startup20 summit in Gugram, he asserted that this ecosystem's stakeholders will practise self-regulation.
Engineering solutions provider Axiscades Technologies Ltd has onboared former DRDO Chairman S Christopher as a director in the company. His appointment is effective June 30, 2023, Axiscades said in a statement on Tuesday.
Housing sales fell marginally by 1 per cent during January-June period this year, while gross leasing of office space rose 3 per cent across eight major cities, according to Knight Frank India. Housing prices increased 2–10 per cent year-on-year. Releasing its bi-annual report for India's top eight realty market on Tuesday, real estate consultant Knight Frank India said housing sales have dipped 1 per cent to 1,56,640 units in January-June from 1,58,705 units in the year-ago period.
Equity investors' wealth went up by Rs 7.90 lakh crore in five days of rally in the BSE Sensex, which is on a record-breaking run helped by unabated foreign fund inflows and largely bullish investor sentiments.
India's consumption growth story has seen a revival in 2023, according to a PTI report by data analytics firm NIQ. The rural market, which contributes around 35 per cent of FMCG sales, has witnessed a revival in volumes with the RBI measures to tame inflation yielding fruitful results.
The initial public offering (IPO) of Synoptics Technologies is now open for subscription. The issue has received good response so far with the subscription reaching 0.62 per cent on the second day of the offer. 
The board of directors of IDFC First Bank Limited has approved the merger of IDFC Limited and IDFC First Bank. The proposed consolidation will unite the two elements into a solitary establishment and improve on the corporate construction. The declaration comes only days after the $40 billion consolidation among HDFC and HDFC Bank.
Stock markets: Benchmark equity indices continued their record-shattering spree on Tuesday, with the Sensex and Nifty hitting their fresh all-time high levels in early trade, amid persistent foreign fund inflows. Also, buying in Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and HDFC twins added to the positive market momentum.
Tina Ambani, wife of Reliance ADA Group Chairman Anil Ambani, appeared before the Enforcement Directorate (ED) on Tuesday with an investigation into the alleged infringement of the Foreign Exchange Management Act (FEMA). The latest development follows Anil Ambani's visit to the ED office, where he furnished his statement regarding the ongoing probe.
Startup20 summit: Commerce and Industry Minister Piyush Goyal said on Tuesday said that the government will always act as a facilitator to strengthen the startup ecosystem and not act as a regulator. Addressing the Startup20 summit in Gugram, he asserted that this ecosystem's stakeholders will practise self-regulation.
Engineering solutions provider Axiscades Technologies Ltd has onboared former DRDO Chairman S Christopher as a director in the company. His appointment is effective June 30, 2023, Axiscades said in a statement on Tuesday.
Housing sales fell marginally by 1 per cent during January-June period this year, while gross leasing of office space rose 3 per cent across eight major cities, according to Knight Frank India. Housing prices increased 2–10 per cent year-on-year. Releasing its bi-annual report for India's top eight realty market on Tuesday, real estate consultant Knight Frank India said housing sales have dipped 1 per cent to 1,56,640 units in January-June from 1,58,705 units in the year-ago period.
Equity investors' wealth went up by Rs 7.90 lakh crore in five days of rally in the BSE Sensex, which is on a record-breaking run helped by unabated foreign fund inflows and largely bullish investor sentiments.
India's consumption growth story has seen a revival in 2023, according to a PTI report by data analytics firm NIQ. The rural market, which contributes around 35 per cent of FMCG sales, has witnessed a revival in volumes with the RBI measures to tame inflation yielding fruitful results.
India's remarkable economic scale and market potential, according to Union Minister Piyush Goyal on Tuesday, have helped startups thrive in the global startup ecosystem. Goyal, the Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, made the following statement at the "Startup20 Shikhar" event in Gurugram: "To address global challenges, there must be a global effort to nurture inclusive, supportive, and sustainable startup ecosystems in all parts of the world."
The initial public offering (IPO) of Synoptics Technologies is now open for subscription. The issue has received good response so far with the subscription reaching 0.62 per cent on the second day of the offer. 
The board of directors of IDFC First Bank Limited has approved the merger of IDFC Limited and IDFC First Bank. The proposed consolidation will unite the two elements into a solitary establishment and improve on the corporate construction. The declaration comes only days after the $40 billion consolidation among HDFC and HDFC Bank.
Stock markets: Benchmark equity indices continued their record-shattering spree on Tuesday, with the Sensex and Nifty hitting their fresh all-time high levels in early trade, amid persistent foreign fund inflows. Also, buying in Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and HDFC twins added to the positive market momentum.
Tina Ambani, wife of Reliance ADA Group Chairman Anil Ambani, appeared before the Enforcement Directorate (ED) on Tuesday with an investigation into the alleged infringement of the Foreign Exchange Management Act (FEMA). The latest development follows Anil Ambani's visit to the ED office, where he furnished his statement regarding the ongoing probe.
Startup20 summit: Commerce and Industry Minister Piyush Goyal said on Tuesday said that the government will always act as a facilitator to strengthen the startup ecosystem and not act as a regulator. Addressing the Startup20 summit in Gugram, he asserted that this ecosystem's stakeholders will practise self-regulation.
Engineering solutions provider Axiscades Technologies Ltd has onboared former DRDO Chairman S Christopher as a director in the company. His appointment is effective June 30, 2023, Axiscades said in a statement on Tuesday.
Housing sales fell marginally by 1 per cent during January-June period this year, while gross leasing of office space rose 3 per cent across eight major cities, according to Knight Frank India. Housing prices increased 2–10 per cent year-on-year. Releasing its bi-annual report for India's top eight realty market on Tuesday, real estate consultant Knight Frank India said housing sales have dipped 1 per cent to 1,56,640 units in January-June from 1,58,705 units in the year-ago period.
Equity investors' wealth went up by Rs 7.90 lakh crore in five days of rally in the BSE Sensex, which is on a record-breaking run helped by unabated foreign fund inflows and largely bullish investor sentiments.
India's consumption growth story has seen a revival in 2023, according to a PTI report by data analytics firm NIQ. The rural market, which contributes around 35 per cent of FMCG sales, has witnessed a revival in volumes with the RBI measures to tame inflation yielding fruitful results.
India's remarkable economic scale and market potential, according to Union Minister Piyush Goyal on Tuesday, have helped startups thrive in the global startup ecosystem. Goyal, the Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, made the following statement at the "Startup20 Shikhar" event in Gurugram: "To address global challenges, there must be a global effort to nurture inclusive, supportive, and sustainable startup ecosystems in all parts of the world."
The board of directors of IDFC First Bank Limited has approved the merger of IDFC Limited and IDFC First Bank. The proposed consolidation will unite the two elements into a solitary establishment and improve on the corporate construction. The declaration comes only days after the $40 billion consolidation among HDFC and HDFC Bank.
Stock markets: Benchmark equity indices continued their record-shattering spree on Tuesday, with the Sensex and Nifty hitting their fresh all-time high levels in early trade, amid persistent foreign fund inflows. Also, buying in Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and HDFC twins added to the positive market momentum.
Tina Ambani, wife of Reliance ADA Group Chairman Anil Ambani, appeared before the Enforcement Directorate (ED) on Tuesday with an investigation into the alleged infringement of the Foreign Exchange Management Act (FEMA). The latest development follows Anil Ambani's visit to the ED office, where he furnished his statement regarding the ongoing probe.
Startup20 summit: Commerce and Industry Minister Piyush Goyal said on Tuesday said that the government will always act as a facilitator to strengthen the startup ecosystem and not act as a regulator. Addressing the Startup20 summit in Gugram, he asserted that this ecosystem's stakeholders will practise self-regulation.
Engineering solutions provider Axiscades Technologies Ltd has onboared former DRDO Chairman S Christopher as a director in the company. His appointment is effective June 30, 2023, Axiscades said in a statement on Tuesday.
Housing sales fell marginally by 1 per cent during January-June period this year, while gross leasing of office space rose 3 per cent across eight major cities, according to Knight Frank India. Housing prices increased 2–10 per cent year-on-year. Releasing its bi-annual report for India's top eight realty market on Tuesday, real estate consultant Knight Frank India said housing sales have dipped 1 per cent to 1,56,640 units in January-June from 1,58,705 units in the year-ago period.
Equity investors' wealth went up by Rs 7.90 lakh crore in five days of rally in the BSE Sensex, which is on a record-breaking run helped by unabated foreign fund inflows and largely bullish investor sentiments.
India's consumption growth story has seen a revival in 2023, according to a PTI report by data analytics firm NIQ. The rural market, which contributes around 35 per cent of FMCG sales, has witnessed a revival in volumes with the RBI measures to tame inflation yielding fruitful results.
India's remarkable economic scale and market potential, according to Union Minister Piyush Goyal on Tuesday, have helped startups thrive in the global startup ecosystem. Goyal, the Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, made the following statement at the "Startup20 Shikhar" event in Gurugram: "To address global challenges, there must be a global effort to nurture inclusive, supportive, and sustainable startup ecosystems in all parts of the world."
Cash-strapped Pakistan has reportedly slashed its trade deficit by a staggering 43 per cent to USD 27.55 billion in the fiscal year 2023. The government's stringent control over imports played a vital role in this significant reduction, as it aimed to stabilise the country's critically low foreign exchange reserves and mitigate the risk of default.
The board of directors of IDFC First Bank Limited has approved the merger of IDFC Limited and IDFC First Bank. The proposed consolidation will unite the two elements into a solitary establishment and improve on the corporate construction. The declaration comes only days after the $40 billion consolidation among HDFC and HDFC Bank.
Stock markets: Benchmark equity indices continued their record-shattering spree on Tuesday, with the Sensex and Nifty hitting their fresh all-time high levels in early trade, amid persistent foreign fund inflows. Also, buying in Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and HDFC twins added to the positive market momentum.
Tina Ambani, wife of Reliance ADA Group Chairman Anil Ambani, appeared before the Enforcement Directorate (ED) on Tuesday with an investigation into the alleged infringement of the Foreign Exchange Management Act (FEMA). The latest development follows Anil Ambani's visit to the ED office, where he furnished his statement regarding the ongoing probe.
Startup20 summit: Commerce and Industry Minister Piyush Goyal said on Tuesday said that the government will always act as a facilitator to strengthen the startup ecosystem and not act as a regulator. Addressing the Startup20 summit in Gugram, he asserted that this ecosystem's stakeholders will practise self-regulation.
Engineering solutions provider Axiscades Technologies Ltd has onboared former DRDO Chairman S Christopher as a director in the company. His appointment is effective June 30, 2023, Axiscades said in a statement on Tuesday.
Housing sales fell marginally by 1 per cent during January-June period this year, while gross leasing of office space rose 3 per cent across eight major cities, according to Knight Frank India. Housing prices increased 2–10 per cent year-on-year. Releasing its bi-annual report for India's top eight realty market on Tuesday, real estate consultant Knight Frank India said housing sales have dipped 1 per cent to 1,56,640 units in January-June from 1,58,705 units in the year-ago period.
Equity investors' wealth went up by Rs 7.90 lakh crore in five days of rally in the BSE Sensex, which is on a record-breaking run helped by unabated foreign fund inflows and largely bullish investor sentiments.
India's consumption growth story has seen a revival in 2023, according to a PTI report by data analytics firm NIQ. The rural market, which contributes around 35 per cent of FMCG sales, has witnessed a revival in volumes with the RBI measures to tame inflation yielding fruitful results.
India's remarkable economic scale and market potential, according to Union Minister Piyush Goyal on Tuesday, have helped startups thrive in the global startup ecosystem. Goyal, the Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, made the following statement at the "Startup20 Shikhar" event in Gurugram: "To address global challenges, there must be a global effort to nurture inclusive, supportive, and sustainable startup ecosystems in all parts of the world."
Cash-strapped Pakistan has reportedly slashed its trade deficit by a staggering 43 per cent to USD 27.55 billion in the fiscal year 2023. The government's stringent control over imports played a vital role in this significant reduction, as it aimed to stabilise the country's critically low foreign exchange reserves and mitigate the risk of default.
Stock markets: Benchmark equity indices continued their record-shattering spree on Tuesday, with the Sensex and Nifty hitting their fresh all-time high levels in early trade, amid persistent foreign fund inflows. Also, buying in Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and HDFC twins added to the positive market momentum.
Tina Ambani, wife of Reliance ADA Group Chairman Anil Ambani, appeared before the Enforcement Directorate (ED) on Tuesday with an investigation into the alleged infringement of the Foreign Exchange Management Act (FEMA). The latest development follows Anil Ambani's visit to the ED office, where he furnished his statement regarding the ongoing probe.
Startup20 summit: Commerce and Industry Minister Piyush Goyal said on Tuesday said that the government will always act as a facilitator to strengthen the startup ecosystem and not act as a regulator. Addressing the Startup20 summit in Gugram, he asserted that this ecosystem's stakeholders will practise self-regulation.
Engineering solutions provider Axiscades Technologies Ltd has onboared former DRDO Chairman S Christopher as a director in the company. His appointment is effective June 30, 2023, Axiscades said in a statement on Tuesday.
Housing sales fell marginally by 1 per cent during January-June period this year, while gross leasing of office space rose 3 per cent across eight major cities, according to Knight Frank India. Housing prices increased 2–10 per cent year-on-year. Releasing its bi-annual report for India's top eight realty market on Tuesday, real estate consultant Knight Frank India said housing sales have dipped 1 per cent to 1,56,640 units in January-June from 1,58,705 units in the year-ago period.
Equity investors' wealth went up by Rs 7.90 lakh crore in five days of rally in the BSE Sensex, which is on a record-breaking run helped by unabated foreign fund inflows and largely bullish investor sentiments.
India's consumption growth story has seen a revival in 2023, according to a PTI report by data analytics firm NIQ. The rural market, which contributes around 35 per cent of FMCG sales, has witnessed a revival in volumes with the RBI measures to tame inflation yielding fruitful results.
India's remarkable economic scale and market potential, according to Union Minister Piyush Goyal on Tuesday, have helped startups thrive in the global startup ecosystem. Goyal, the Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, made the following statement at the "Startup20 Shikhar" event in Gurugram: "To address global challenges, there must be a global effort to nurture inclusive, supportive, and sustainable startup ecosystems in all parts of the world."
Cash-strapped Pakistan has reportedly slashed its trade deficit by a staggering 43 per cent to USD 27.55 billion in the fiscal year 2023. The government's stringent control over imports played a vital role in this significant reduction, as it aimed to stabilise the country's critically low foreign exchange reserves and mitigate the risk of default.
Hi-Green Carbon on Wednesday said it has filed preliminary papers for an initial public offering. The shares will be listed on NSE Emerge, a platform for small and medium enterprises.
Stock markets: Benchmark equity indices continued their record-shattering spree on Tuesday, with the Sensex and Nifty hitting their fresh all-time high levels in early trade, amid persistent foreign fund inflows. Also, buying in Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and HDFC twins added to the positive market momentum.
Tina Ambani, wife of Reliance ADA Group Chairman Anil Ambani, appeared before the Enforcement Directorate (ED) on Tuesday with an investigation into the alleged infringement of the Foreign Exchange Management Act (FEMA). The latest development follows Anil Ambani's visit to the ED office, where he furnished his statement regarding the ongoing probe.
Startup20 summit: Commerce and Industry Minister Piyush Goyal said on Tuesday said that the government will always act as a facilitator to strengthen the startup ecosystem and not act as a regulator. Addressing the Startup20 summit in Gugram, he asserted that this ecosystem's stakeholders will practise self-regulation.
Engineering solutions provider Axiscades Technologies Ltd has onboared former DRDO Chairman S Christopher as a director in the company. His appointment is effective June 30, 2023, Axiscades said in a statement on Tuesday.
Housing sales fell marginally by 1 per cent during January-June period this year, while gross leasing of office space rose 3 per cent across eight major cities, according to Knight Frank India. Housing prices increased 2–10 per cent year-on-year. Releasing its bi-annual report for India's top eight realty market on Tuesday, real estate consultant Knight Frank India said housing sales have dipped 1 per cent to 1,56,640 units in January-June from 1,58,705 units in the year-ago period.
Equity investors' wealth went up by Rs 7.90 lakh crore in five days of rally in the BSE Sensex, which is on a record-breaking run helped by unabated foreign fund inflows and largely bullish investor sentiments.
India's consumption growth story has seen a revival in 2023, according to a PTI report by data analytics firm NIQ. The rural market, which contributes around 35 per cent of FMCG sales, has witnessed a revival in volumes with the RBI measures to tame inflation yielding fruitful results.
India's remarkable economic scale and market potential, according to Union Minister Piyush Goyal on Tuesday, have helped startups thrive in the global startup ecosystem. Goyal, the Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, made the following statement at the "Startup20 Shikhar" event in Gurugram: "To address global challenges, there must be a global effort to nurture inclusive, supportive, and sustainable startup ecosystems in all parts of the world."
Cash-strapped Pakistan has reportedly slashed its trade deficit by a staggering 43 per cent to USD 27.55 billion in the fiscal year 2023. The government's stringent control over imports played a vital role in this significant reduction, as it aimed to stabilise the country's critically low foreign exchange reserves and mitigate the risk of default.
Hi-Green Carbon on Wednesday said it has filed preliminary papers for an initial public offering. The shares will be listed on NSE Emerge, a platform for small and medium enterprises.
Stock markets: Benchmark equity indices continued their record-shattering spree on Tuesday, with the Sensex and Nifty hitting their fresh all-time high levels in early trade, amid persistent foreign fund inflows. Also, buying in Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and HDFC twins added to the positive market momentum.
Tina Ambani, wife of Reliance ADA Group Chairman Anil Ambani, appeared before the Enforcement Directorate (ED) on Tuesday with an investigation into the alleged infringement of the Foreign Exchange Management Act (FEMA). The latest development follows Anil Ambani's visit to the ED office, where he furnished his statement regarding the ongoing probe.
Startup20 summit: Commerce and Industry Minister Piyush Goyal said on Tuesday said that the government will always act as a facilitator to strengthen the startup ecosystem and not act as a regulator. Addressing the Startup20 summit in Gugram, he asserted that this ecosystem's stakeholders will practise self-regulation.
Engineering solutions provider Axiscades Technologies Ltd has onboared former DRDO Chairman S Christopher as a director in the company. His appointment is effective June 30, 2023, Axiscades said in a statement on Tuesday.
Housing sales fell marginally by 1 per cent during January-June period this year, while gross leasing of office space rose 3 per cent across eight major cities, according to Knight Frank India. Housing prices increased 2–10 per cent year-on-year. Releasing its bi-annual report for India's top eight realty market on Tuesday, real estate consultant Knight Frank India said housing sales have dipped 1 per cent to 1,56,640 units in January-June from 1,58,705 units in the year-ago period.
Equity investors' wealth went up by Rs 7.90 lakh crore in five days of rally in the BSE Sensex, which is on a record-breaking run helped by unabated foreign fund inflows and largely bullish investor sentiments.
India's consumption growth story has seen a revival in 2023, according to a PTI report by data analytics firm NIQ. The rural market, which contributes around 35 per cent of FMCG sales, has witnessed a revival in volumes with the RBI measures to tame inflation yielding fruitful results.
India's remarkable economic scale and market potential, according to Union Minister Piyush Goyal on Tuesday, have helped startups thrive in the global startup ecosystem. Goyal, the Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, made the following statement at the "Startup20 Shikhar" event in Gurugram: "To address global challenges, there must be a global effort to nurture inclusive, supportive, and sustainable startup ecosystems in all parts of the world."
Cash-strapped Pakistan has reportedly slashed its trade deficit by a staggering 43 per cent to USD 27.55 billion in the fiscal year 2023. The government's stringent control over imports played a vital role in this significant reduction, as it aimed to stabilise the country's critically low foreign exchange reserves and mitigate the risk of default.
Hi-Green Carbon on Wednesday said it has filed preliminary papers for an initial public offering. The shares will be listed on NSE Emerge, a platform for small and medium enterprises.
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