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IndiaTV Business: Google News Feed: Digest for July 10, 2023

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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.
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.
The commercial real estate market is in the focus of investors in the post-Covid era. Besides contributing significantly to the country's economy, the sector is also creating thousands of employment opportunities.
Leading  Fast-Moving Consumer Goods (FMCG) major BCL Industries has approved the sub-division of equity shares. According to an exchange filing by the company, the board has recommended the sub-division of equity shares of the company.
Isha Ambani, daughter of Billionaire Mukesh Ambani, and former CAG Rajiv Mehrishi are among the directors appointed on the board of demerged financial services unit of Reliance Industries Ltd. The company earlier had announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).
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.
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.
The commercial real estate market is in the focus of investors in the post-Covid era. Besides contributing significantly to the country's economy, the sector is also creating thousands of employment opportunities.
Leading  Fast-Moving Consumer Goods (FMCG) major BCL Industries has approved the sub-division of equity shares. According to an exchange filing by the company, the board has recommended the sub-division of equity shares of the company.
Isha Ambani, daughter of Billionaire Mukesh Ambani, and former CAG Rajiv Mehrishi are among the directors appointed on the board of demerged financial services unit of Reliance Industries Ltd. The company earlier had announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).
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.
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.
The commercial real estate market is in the focus of investors in the post-Covid era. Besides contributing significantly to the country's economy, the sector is also creating thousands of employment opportunities.
Leading  Fast-Moving Consumer Goods (FMCG) major BCL Industries has approved the sub-division of equity shares. According to an exchange filing by the company, the board has recommended the sub-division of equity shares of the company.
Isha Ambani, daughter of Billionaire Mukesh Ambani, and former CAG Rajiv Mehrishi are among the directors appointed on the board of demerged financial services unit of Reliance Industries Ltd. The company earlier had announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).
The Central government has included the Goods and Services Tax Network (GSTN) under the purview of the Prevention of Money Laundering Act (PMLA) with an aim to plug tax evasion through fake billing. With this decision of the government, the Enforcement Directorate (ED) will be given more power to act against tax evasion within GSTN.
The steep discounts on Russian crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continue to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the USD 60 per barrel price cap imposed by the West but charges anything between USD 11 to USD 19 per barrel, twice the normal rate, for delivery from the Baltic and Black Sea to the west coast, three sources with knowledge of the matter said.
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.
The commercial real estate market is in the focus of investors in the post-Covid era. Besides contributing significantly to the country's economy, the sector is also creating thousands of employment opportunities.
Leading  Fast-Moving Consumer Goods (FMCG) major BCL Industries has approved the sub-division of equity shares. According to an exchange filing by the company, the board has recommended the sub-division of equity shares of the company.
Isha Ambani, daughter of Billionaire Mukesh Ambani, and former CAG Rajiv Mehrishi are among the directors appointed on the board of demerged financial services unit of Reliance Industries Ltd. The company earlier had announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).
The Central government has included the Goods and Services Tax Network (GSTN) under the purview of the Prevention of Money Laundering Act (PMLA) with an aim to plug tax evasion through fake billing. With this decision of the government, the Enforcement Directorate (ED) will be given more power to act against tax evasion within GSTN.
The steep discounts on Russian crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continue to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the USD 60 per barrel price cap imposed by the West but charges anything between USD 11 to USD 19 per barrel, twice the normal rate, for delivery from the Baltic and Black Sea to the west coast, three sources with knowledge of the matter said.
State-owned Bank of India is exploring the possibility of share sale to investors over the next one year to meet the minimum public holding requirement of 25 per cent. Currently, Government of India holds 81.41 per cent stake in the Mumbai-based bank. "We are exploring options to meet Sebi's minimum public holding requirement. However, the decision to sell shares would depend on market conditions," Bank of India Managing Director Rajneesh Karnatak told PTI.
Commerce and Industry Minister Piyush Goyal is scheduled to visit the UK on July 10-11 to review progress on  Free Trade Agreement (FTA) with the European Free Trade Association (EFTA), an official statement said on Sunday. "The Minister's visit will not only be focused on the ongoing Free Trade Agreement (FTA) negotiations between India and the UK but he will also be meeting with ministers from the European Free Trade Association (EFTA) member countries to discuss the progress of the Trade and Economic Partnership Agreement (TEPA) with EFTA," the commerce ministry said.
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.
The commercial real estate market is in the focus of investors in the post-Covid era. Besides contributing significantly to the country's economy, the sector is also creating thousands of employment opportunities.
Leading  Fast-Moving Consumer Goods (FMCG) major BCL Industries has approved the sub-division of equity shares. According to an exchange filing by the company, the board has recommended the sub-division of equity shares of the company.
Isha Ambani, daughter of Billionaire Mukesh Ambani, and former CAG Rajiv Mehrishi are among the directors appointed on the board of demerged financial services unit of Reliance Industries Ltd. The company earlier had announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).
The Central government has included the Goods and Services Tax Network (GSTN) under the purview of the Prevention of Money Laundering Act (PMLA) with an aim to plug tax evasion through fake billing. With this decision of the government, the Enforcement Directorate (ED) will be given more power to act against tax evasion within GSTN.
The steep discounts on Russian crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continue to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the USD 60 per barrel price cap imposed by the West but charges anything between USD 11 to USD 19 per barrel, twice the normal rate, for delivery from the Baltic and Black Sea to the west coast, three sources with knowledge of the matter said.
State-owned Bank of India is exploring the possibility of share sale to investors over the next one year to meet the minimum public holding requirement of 25 per cent. Currently, Government of India holds 81.41 per cent stake in the Mumbai-based bank. "We are exploring options to meet Sebi's minimum public holding requirement. However, the decision to sell shares would depend on market conditions," Bank of India Managing Director Rajneesh Karnatak told PTI.
Commerce and Industry Minister Piyush Goyal is scheduled to visit the UK on July 10-11 to review progress on  Free Trade Agreement (FTA) with the European Free Trade Association (EFTA), an official statement said on Sunday. "The Minister's visit will not only be focused on the ongoing Free Trade Agreement (FTA) negotiations between India and the UK but he will also be meeting with ministers from the European Free Trade Association (EFTA) member countries to discuss the progress of the Trade and Economic Partnership Agreement (TEPA) with EFTA," the commerce ministry said.
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.
The commercial real estate market is in the focus of investors in the post-Covid era. Besides contributing significantly to the country's economy, the sector is also creating thousands of employment opportunities.
Leading  Fast-Moving Consumer Goods (FMCG) major BCL Industries has approved the sub-division of equity shares. According to an exchange filing by the company, the board has recommended the sub-division of equity shares of the company.
Isha Ambani, daughter of Billionaire Mukesh Ambani, and former CAG Rajiv Mehrishi are among the directors appointed on the board of demerged financial services unit of Reliance Industries Ltd. The company earlier had announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).
The Central government has included the Goods and Services Tax Network (GSTN) under the purview of the Prevention of Money Laundering Act (PMLA) with an aim to plug tax evasion through fake billing. With this decision of the government, the Enforcement Directorate (ED) will be given more power to act against tax evasion within GSTN.
The steep discounts on Russian crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continue to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the USD 60 per barrel price cap imposed by the West but charges anything between USD 11 to USD 19 per barrel, twice the normal rate, for delivery from the Baltic and Black Sea to the west coast, three sources with knowledge of the matter said.
State-owned Bank of India is exploring the possibility of share sale to investors over the next one year to meet the minimum public holding requirement of 25 per cent. Currently, Government of India holds 81.41 per cent stake in the Mumbai-based bank. "We are exploring options to meet Sebi's minimum public holding requirement. However, the decision to sell shares would depend on market conditions," Bank of India Managing Director Rajneesh Karnatak told PTI.
Commerce and Industry Minister Piyush Goyal is scheduled to visit the UK on July 10-11 to review progress on  Free Trade Agreement (FTA) with the European Free Trade Association (EFTA), an official statement said on Sunday. "The Minister's visit will not only be focused on the ongoing Free Trade Agreement (FTA) negotiations between India and the UK but he will also be meeting with ministers from the European Free Trade Association (EFTA) member countries to discuss the progress of the Trade and Economic Partnership Agreement (TEPA) with EFTA," the commerce ministry said.
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.
The commercial real estate market is in the focus of investors in the post-Covid era. Besides contributing significantly to the country's economy, the sector is also creating thousands of employment opportunities.
Leading  Fast-Moving Consumer Goods (FMCG) major BCL Industries has approved the sub-division of equity shares. According to an exchange filing by the company, the board has recommended the sub-division of equity shares of the company.
Isha Ambani, daughter of Billionaire Mukesh Ambani, and former CAG Rajiv Mehrishi are among the directors appointed on the board of demerged financial services unit of Reliance Industries Ltd. The company earlier had announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).
The Central government has included the Goods and Services Tax Network (GSTN) under the purview of the Prevention of Money Laundering Act (PMLA) with an aim to plug tax evasion through fake billing. With this decision of the government, the Enforcement Directorate (ED) will be given more power to act against tax evasion within GSTN.
The steep discounts on Russian crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continue to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the USD 60 per barrel price cap imposed by the West but charges anything between USD 11 to USD 19 per barrel, twice the normal rate, for delivery from the Baltic and Black Sea to the west coast, three sources with knowledge of the matter said.
State-owned Bank of India is exploring the possibility of share sale to investors over the next one year to meet the minimum public holding requirement of 25 per cent. Currently, Government of India holds 81.41 per cent stake in the Mumbai-based bank. "We are exploring options to meet Sebi's minimum public holding requirement. However, the decision to sell shares would depend on market conditions," Bank of India Managing Director Rajneesh Karnatak told PTI.
Commerce and Industry Minister Piyush Goyal is scheduled to visit the UK on July 10-11 to review progress on  Free Trade Agreement (FTA) with the European Free Trade Association (EFTA), an official statement said on Sunday. "The Minister's visit will not only be focused on the ongoing Free Trade Agreement (FTA) negotiations between India and the UK but he will also be meeting with ministers from the European Free Trade Association (EFTA) member countries to discuss the progress of the Trade and Economic Partnership Agreement (TEPA) with EFTA," the commerce ministry said.
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.
The commercial real estate market is in the focus of investors in the post-Covid era. Besides contributing significantly to the country's economy, the sector is also creating thousands of employment opportunities.
Leading  Fast-Moving Consumer Goods (FMCG) major BCL Industries has approved the sub-division of equity shares. According to an exchange filing by the company, the board has recommended the sub-division of equity shares of the company.
Isha Ambani, daughter of Billionaire Mukesh Ambani, and former CAG Rajiv Mehrishi are among the directors appointed on the board of demerged financial services unit of Reliance Industries Ltd. The company earlier had announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).
The Central government has included the Goods and Services Tax Network (GSTN) under the purview of the Prevention of Money Laundering Act (PMLA) with an aim to plug tax evasion through fake billing. With this decision of the government, the Enforcement Directorate (ED) will be given more power to act against tax evasion within GSTN.
The steep discounts on Russian crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continue to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the USD 60 per barrel price cap imposed by the West but charges anything between USD 11 to USD 19 per barrel, twice the normal rate, for delivery from the Baltic and Black Sea to the west coast, three sources with knowledge of the matter said.
State-owned Bank of India is exploring the possibility of share sale to investors over the next one year to meet the minimum public holding requirement of 25 per cent. Currently, Government of India holds 81.41 per cent stake in the Mumbai-based bank. "We are exploring options to meet Sebi's minimum public holding requirement. However, the decision to sell shares would depend on market conditions," Bank of India Managing Director Rajneesh Karnatak told PTI.
Commerce and Industry Minister Piyush Goyal is scheduled to visit the UK on July 10-11 to review progress on  Free Trade Agreement (FTA) with the European Free Trade Association (EFTA), an official statement said on Sunday. "The Minister's visit will not only be focused on the ongoing Free Trade Agreement (FTA) negotiations between India and the UK but he will also be meeting with ministers from the European Free Trade Association (EFTA) member countries to discuss the progress of the Trade and Economic Partnership Agreement (TEPA) with EFTA," the commerce ministry said.
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