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IndiaTV Business: Google News Feed: Digest for July 08, 2023

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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: Equity benchmark indices climbed in early trade on Thursday amid unabated foreign fund inflows but later faced volatile trends after a record-breaking rally in the past few trading sessions. Investors preferred to stay cautious amid weak global market trends and record rally in equities.
Go First update: Go First will challenge the Delhi High Court's ruling permitting its lessors to inspect the aircraft as there are inconsistencies with the order passed by the National Company Law Tribunal in the case, according to the grounded airline's resolution professional.
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: Equity benchmark indices climbed in early trade on Thursday amid unabated foreign fund inflows but later faced volatile trends after a record-breaking rally in the past few trading sessions. Investors preferred to stay cautious amid weak global market trends and record rally in equities.
Go First update: Go First will challenge the Delhi High Court's ruling permitting its lessors to inspect the aircraft as there are inconsistencies with the order passed by the National Company Law Tribunal in the case, according to the grounded airline's resolution professional.
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: Equity benchmark indices climbed in early trade on Thursday amid unabated foreign fund inflows but later faced volatile trends after a record-breaking rally in the past few trading sessions. Investors preferred to stay cautious amid weak global market trends and record rally in equities.
Go First update: Go First will challenge the Delhi High Court's ruling permitting its lessors to inspect the aircraft as there are inconsistencies with the order passed by the National Company Law Tribunal in the case, according to the grounded airline's resolution professional.
Hospitality technology platform OYO on Friday said it will add 500 new hotels in the next three months in host cities of the upcoming men's cricket world cup in India, to meet the anticipated increase in booking demand.
Stock markets: Benchmark stock indices Sensex and Nifty traded flat in early trade on Friday due to profit-taking in financials and IT shares amid weak global cues. The 30-share BSE Sensex opened lower and fell further by 294 points to hit a low of 65,785.64 in early trade.
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: Equity benchmark indices climbed in early trade on Thursday amid unabated foreign fund inflows but later faced volatile trends after a record-breaking rally in the past few trading sessions. Investors preferred to stay cautious amid weak global market trends and record rally in equities.
Go First update: Go First will challenge the Delhi High Court's ruling permitting its lessors to inspect the aircraft as there are inconsistencies with the order passed by the National Company Law Tribunal in the case, according to the grounded airline's resolution professional.
Hospitality technology platform OYO on Friday said it will add 500 new hotels in the next three months in host cities of the upcoming men's cricket world cup in India, to meet the anticipated increase in booking demand.
Stock markets: Benchmark stock indices Sensex and Nifty traded flat in early trade on Friday due to profit-taking in financials and IT shares amid weak global cues. The 30-share BSE Sensex opened lower and fell further by 294 points to hit a low of 65,785.64 in early trade.
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement. The announcement comes amid reports of RBI's concerns on the high growth in the more riskier unsecured lending segment like personal loans and credit cards.
The government might treat alleged multi-utility vehicles (MUV) or hybrid utility vehicles (both remarkably Indian classes) at standard with sports utility vehicles (SUVs) independent of automakers' terminology and consistently demand a 22% Compensation Cess assuming they have length more noteworthy than 4 meters, a motor over 1,500cc limit, and something like 170mm ground freedom, reported 'The Hindustan Times'.
Delhi Airport: The dual elevated Eastern Cross Taxiways and the fourth runway at the airport in the national capital will be operational from July 13, a senior official said on Friday. The Indira Gandhi International Airport (IGIA) in the national capital has three runways now.
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: Equity benchmark indices climbed in early trade on Thursday amid unabated foreign fund inflows but later faced volatile trends after a record-breaking rally in the past few trading sessions. Investors preferred to stay cautious amid weak global market trends and record rally in equities.
Go First update: Go First will challenge the Delhi High Court's ruling permitting its lessors to inspect the aircraft as there are inconsistencies with the order passed by the National Company Law Tribunal in the case, according to the grounded airline's resolution professional.
Hospitality technology platform OYO on Friday said it will add 500 new hotels in the next three months in host cities of the upcoming men's cricket world cup in India, to meet the anticipated increase in booking demand.
Stock markets: Benchmark stock indices Sensex and Nifty traded flat in early trade on Friday due to profit-taking in financials and IT shares amid weak global cues. The 30-share BSE Sensex opened lower and fell further by 294 points to hit a low of 65,785.64 in early trade.
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement. The announcement comes amid reports of RBI's concerns on the high growth in the more riskier unsecured lending segment like personal loans and credit cards.
The government might treat alleged multi-utility vehicles (MUV) or hybrid utility vehicles (both remarkably Indian classes) at standard with sports utility vehicles (SUVs) independent of automakers' terminology and consistently demand a 22% Compensation Cess assuming they have length more noteworthy than 4 meters, a motor over 1,500cc limit, and something like 170mm ground freedom, reported 'The Hindustan Times'.
Delhi Airport: The dual elevated Eastern Cross Taxiways and the fourth runway at the airport in the national capital will be operational from July 13, a senior official said on Friday. The Indira Gandhi International Airport (IGIA) in the national capital has three runways now.
India's Forex Reserve: The Reserve Bank of India on Friday claimed that the forex exchange reserves of the country have risen by USD 1.853 billion to USD 595.051 billion in the week ended on June 30. However, in the previous reporting week, the overall reserve dropped by USD 2.901 billion to USD 593.198 billion. 
Stock markets: Equity benchmark indices climbed in early trade on Thursday amid unabated foreign fund inflows but later faced volatile trends after a record-breaking rally in the past few trading sessions. Investors preferred to stay cautious amid weak global market trends and record rally in equities.
Go First update: Go First will challenge the Delhi High Court's ruling permitting its lessors to inspect the aircraft as there are inconsistencies with the order passed by the National Company Law Tribunal in the case, according to the grounded airline's resolution professional.
Hospitality technology platform OYO on Friday said it will add 500 new hotels in the next three months in host cities of the upcoming men's cricket world cup in India, to meet the anticipated increase in booking demand.
Stock markets: Benchmark stock indices Sensex and Nifty traded flat in early trade on Friday due to profit-taking in financials and IT shares amid weak global cues. The 30-share BSE Sensex opened lower and fell further by 294 points to hit a low of 65,785.64 in early trade.
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement. The announcement comes amid reports of RBI's concerns on the high growth in the more riskier unsecured lending segment like personal loans and credit cards.
The government might treat alleged multi-utility vehicles (MUV) or hybrid utility vehicles (both remarkably Indian classes) at standard with sports utility vehicles (SUVs) independent of automakers' terminology and consistently demand a 22% Compensation Cess assuming they have length more noteworthy than 4 meters, a motor over 1,500cc limit, and something like 170mm ground freedom, reported 'The Hindustan Times'.
Delhi Airport: The dual elevated Eastern Cross Taxiways and the fourth runway at the airport in the national capital will be operational from July 13, a senior official said on Friday. The Indira Gandhi International Airport (IGIA) in the national capital has three runways now.
India's Forex Reserve: The Reserve Bank of India on Friday claimed that the forex exchange reserves of the country have risen by USD 1.853 billion to USD 595.051 billion in the week ended on June 30. However, in the previous reporting week, the overall reserve dropped by USD 2.901 billion to USD 593.198 billion. 
Tomato prices: Fast-food chain McDonald's continues to serve tomato in its menu in the Punjab-Chandigarh region despite the sky-rocketing price of the vegetable, the company said on Friday.
Stock markets: Equity benchmark indices climbed in early trade on Thursday amid unabated foreign fund inflows but later faced volatile trends after a record-breaking rally in the past few trading sessions. Investors preferred to stay cautious amid weak global market trends and record rally in equities.
Go First update: Go First will challenge the Delhi High Court's ruling permitting its lessors to inspect the aircraft as there are inconsistencies with the order passed by the National Company Law Tribunal in the case, according to the grounded airline's resolution professional.
Hospitality technology platform OYO on Friday said it will add 500 new hotels in the next three months in host cities of the upcoming men's cricket world cup in India, to meet the anticipated increase in booking demand.
Stock markets: Benchmark stock indices Sensex and Nifty traded flat in early trade on Friday due to profit-taking in financials and IT shares amid weak global cues. The 30-share BSE Sensex opened lower and fell further by 294 points to hit a low of 65,785.64 in early trade.
Walmart-owned Flipkart on Friday announced that it will be distributing Axis Bank's personal loans on the e-commerce platform. The platform, which has 450 million customers, will be distributing loans of up to Rs 5 lakh which can be repaid in up to three years, it said in a statement. The announcement comes amid reports of RBI's concerns on the high growth in the more riskier unsecured lending segment like personal loans and credit cards.
The government might treat alleged multi-utility vehicles (MUV) or hybrid utility vehicles (both remarkably Indian classes) at standard with sports utility vehicles (SUVs) independent of automakers' terminology and consistently demand a 22% Compensation Cess assuming they have length more noteworthy than 4 meters, a motor over 1,500cc limit, and something like 170mm ground freedom, reported 'The Hindustan Times'.
Delhi Airport: The dual elevated Eastern Cross Taxiways and the fourth runway at the airport in the national capital will be operational from July 13, a senior official said on Friday. The Indira Gandhi International Airport (IGIA) in the national capital has three runways now.
India's Forex Reserve: The Reserve Bank of India on Friday claimed that the forex exchange reserves of the country have risen by USD 1.853 billion to USD 595.051 billion in the week ended on June 30. However, in the previous reporting week, the overall reserve dropped by USD 2.901 billion to USD 593.198 billion. 
Tomato prices: Fast-food chain McDonald's continues to serve tomato in its menu in the Punjab-Chandigarh region despite the sky-rocketing price of the vegetable, the company said on Friday.
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