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IndiaTV Business: Google News Feed: Digest for August 02, 2023

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Semicon India 2023: Prime Minister Narendra Modi on Friday said that the government will give technology firms 50 per cent financial assistance for setting up semiconductor manufacturing facilities in the country.
Go First news: Go First airline, which has been grounded since early May, has announced a further extension of flight cancellations till July 30. "Due to operational reasons, Go First flights until 30th July 2023 are cancelled. We apologise for the inconvenience caused," it wrote on Twitter today (July 27).
New Delhi: Finance Minister Nirmala Sitharaman on Saturday asserted that the government led by Prime Minister Narendra Modi is determined on making India a developed nation by 2047. She further said that for this the government is focusing on four Is, they are - infrastructure, investment, innovation and inclusiveness.
Five years after it exited the company, the government is set to get a significant stake in Hindustan Petroleum Corporation Ltd (HPCL) as it looks to infuse equity in fuel retailers that lost money on selling petrol and diesel at discounted rates last year, officials said.
Income Tax Return: The Income Tax Department on Sunday shared that more than 6 crore tax returns have been filed for income earned in the 2022-23 fiscal. Out of which, nearly 27 lakh ITRs were filed till Sunday evening. 

DGCA renews air operator certificate of Jet Airways

Monday 31 July 2023 07:15 AM UTC+00
The Jalan-Kalrock Consortium, the resolution applicant of Jet Airways, has obtained the renewal for the air operator certificate (AOC) for the airline from the Directorate General of Civil Aviation (DGCA). Cash-strapped Jet Airways stopped flying from April 17, 2019.  The Air Operator Certificate (AOC) was re-issued on May 20, 2022. However, since the airline did not start operations, AOC expired on May 19, 2023.
The deadline for filing income tax returns for the financial year 2022-23 for salaried individuals and those who do not have to get their accounts audited ends today (July 31, Monday)
Bharti Airtel on Monday said it has prepaid Rs 8,024 crore to the Department of Telecom (DoT) towards part prepayment of deferred liabilities pertaining to spectrum acquired in the auction in 2015.
In a major development, Taiwan's Foxconn signed a letter of intent (LoI) with the Tamil Nadu government on Monday to establish a new mobile component manufacturing facility for Rs 1,600 crore in Kancheepuram with the potential to generate 6,000 jobs.
Output of eight key infrastructure sectors expanded at a five-month rate of 8.2 per cent in June on healthy performance by sectors such as natural gas and steel, according to the official data released on Monday.
Semicon India 2023: Prime Minister Narendra Modi on Friday said that the government will give technology firms 50 per cent financial assistance for setting up semiconductor manufacturing facilities in the country.
Go First news: Go First airline, which has been grounded since early May, has announced a further extension of flight cancellations till July 30. "Due to operational reasons, Go First flights until 30th July 2023 are cancelled. We apologise for the inconvenience caused," it wrote on Twitter today (July 27).
New Delhi: Finance Minister Nirmala Sitharaman on Saturday asserted that the government led by Prime Minister Narendra Modi is determined on making India a developed nation by 2047. She further said that for this the government is focusing on four Is, they are - infrastructure, investment, innovation and inclusiveness.
Five years after it exited the company, the government is set to get a significant stake in Hindustan Petroleum Corporation Ltd (HPCL) as it looks to infuse equity in fuel retailers that lost money on selling petrol and diesel at discounted rates last year, officials said.
Income Tax Return: The Income Tax Department on Sunday shared that more than 6 crore tax returns have been filed for income earned in the 2022-23 fiscal. Out of which, nearly 27 lakh ITRs were filed till Sunday evening. 

DGCA renews air operator certificate of Jet Airways

Monday 31 July 2023 07:15 AM UTC+00
The Jalan-Kalrock Consortium, the resolution applicant of Jet Airways, has obtained the renewal for the air operator certificate (AOC) for the airline from the Directorate General of Civil Aviation (DGCA). Cash-strapped Jet Airways stopped flying from April 17, 2019.  The Air Operator Certificate (AOC) was re-issued on May 20, 2022. However, since the airline did not start operations, AOC expired on May 19, 2023.
The deadline for filing income tax returns for the financial year 2022-23 for salaried individuals and those who do not have to get their accounts audited ends today (July 31, Monday)
Bharti Airtel on Monday said it has prepaid Rs 8,024 crore to the Department of Telecom (DoT) towards part prepayment of deferred liabilities pertaining to spectrum acquired in the auction in 2015.
In a major development, Taiwan's Foxconn signed a letter of intent (LoI) with the Tamil Nadu government on Monday to establish a new mobile component manufacturing facility for Rs 1,600 crore in Kancheepuram with the potential to generate 6,000 jobs.
Output of eight key infrastructure sectors expanded at a five-month rate of 8.2 per cent in June on healthy performance by sectors such as natural gas and steel, according to the official data released on Monday.
Go First news: Go First airline, which has been grounded since early May, has announced a further extension of flight cancellations till July 30. "Due to operational reasons, Go First flights until 30th July 2023 are cancelled. We apologise for the inconvenience caused," it wrote on Twitter today (July 27).
New Delhi: Finance Minister Nirmala Sitharaman on Saturday asserted that the government led by Prime Minister Narendra Modi is determined on making India a developed nation by 2047. She further said that for this the government is focusing on four Is, they are - infrastructure, investment, innovation and inclusiveness.
Five years after it exited the company, the government is set to get a significant stake in Hindustan Petroleum Corporation Ltd (HPCL) as it looks to infuse equity in fuel retailers that lost money on selling petrol and diesel at discounted rates last year, officials said.
Income Tax Return: The Income Tax Department on Sunday shared that more than 6 crore tax returns have been filed for income earned in the 2022-23 fiscal. Out of which, nearly 27 lakh ITRs were filed till Sunday evening. 

DGCA renews air operator certificate of Jet Airways

Monday 31 July 2023 07:15 AM UTC+00
The Jalan-Kalrock Consortium, the resolution applicant of Jet Airways, has obtained the renewal for the air operator certificate (AOC) for the airline from the Directorate General of Civil Aviation (DGCA). Cash-strapped Jet Airways stopped flying from April 17, 2019.  The Air Operator Certificate (AOC) was re-issued on May 20, 2022. However, since the airline did not start operations, AOC expired on May 19, 2023.
The deadline for filing income tax returns for the financial year 2022-23 for salaried individuals and those who do not have to get their accounts audited ends today (July 31, Monday)
Bharti Airtel on Monday said it has prepaid Rs 8,024 crore to the Department of Telecom (DoT) towards part prepayment of deferred liabilities pertaining to spectrum acquired in the auction in 2015.
In a major development, Taiwan's Foxconn signed a letter of intent (LoI) with the Tamil Nadu government on Monday to establish a new mobile component manufacturing facility for Rs 1,600 crore in Kancheepuram with the potential to generate 6,000 jobs.
Output of eight key infrastructure sectors expanded at a five-month rate of 8.2 per cent in June on healthy performance by sectors such as natural gas and steel, according to the official data released on Monday.
As part of a money laundering probe, the enforcement directorate (ED) conducted raids on Tuesday against Hero Motocorp Executive Chairman Pawan Munjal and some others, said officials. The searches were done at premises situated in Delhi and Gurugram as per arrangements under the Prevention of Money Laundering Act (PMLA), according to the news agency PTI. 
Income Tax Return: The Income Tax Department on Sunday shared that more than 6 crore tax returns have been filed for income earned in the 2022-23 fiscal. Out of which, nearly 27 lakh ITRs were filed till Sunday evening. 

DGCA renews air operator certificate of Jet Airways

Monday 31 July 2023 07:15 AM UTC+00
The Jalan-Kalrock Consortium, the resolution applicant of Jet Airways, has obtained the renewal for the air operator certificate (AOC) for the airline from the Directorate General of Civil Aviation (DGCA). Cash-strapped Jet Airways stopped flying from April 17, 2019.  The Air Operator Certificate (AOC) was re-issued on May 20, 2022. However, since the airline did not start operations, AOC expired on May 19, 2023.
The deadline for filing income tax returns for the financial year 2022-23 for salaried individuals and those who do not have to get their accounts audited ends today (July 31, Monday)
Bharti Airtel on Monday said it has prepaid Rs 8,024 crore to the Department of Telecom (DoT) towards part prepayment of deferred liabilities pertaining to spectrum acquired in the auction in 2015.
In a major development, Taiwan's Foxconn signed a letter of intent (LoI) with the Tamil Nadu government on Monday to establish a new mobile component manufacturing facility for Rs 1,600 crore in Kancheepuram with the potential to generate 6,000 jobs.
Output of eight key infrastructure sectors expanded at a five-month rate of 8.2 per cent in June on healthy performance by sectors such as natural gas and steel, according to the official data released on Monday.
As part of a money laundering probe, the enforcement directorate (ED) conducted raids on Tuesday against Hero Motocorp Executive Chairman Pawan Munjal and some others, said officials. The searches were done at premises situated in Delhi and Gurugram as per arrangements under the Prevention of Money Laundering Act (PMLA), according to the news agency PTI. 
Bonus Stock: Steel pipes maker JTL Industries has announced to distribute bonus shares to its investors. The company in an exchange filing said that the bonus will be issued in the ratio of 1:1. Bonus shares are additional shares that listed companies issue to existing shareholders at no cost. The exercise is done under the guidelines of the SEBI. It increases liquidity and encouraged retail participation.
The Reserve Bank of India (RBI) on August 1 said Rs 3.14 lakh crore worth of Rs 2,000 banknotes, or 88% available for use, have returned to the financial framework as on July 31. Thus, Rs 2,000 banknotes available for use as at the end of business on July 31 stayed at Rs 0.42 lakh crore, the release said. According to the release, 13% of the total notes returned from circulation have been converted into other denominations, while 87 percent of the notes have been used as deposits.
An official data revealed that the Goods and Services Tax (GST) revenue collected in the month of July 2023 was worth Rs 165,105 crore. It further claimed that the GST revenues generated in July were 11 per cent higher than it was registered in the same month in 2022.
In a major development, Taiwan's Foxconn signed a letter of intent (LoI) with the Tamil Nadu government on Monday to establish a new mobile component manufacturing facility for Rs 1,600 crore in Kancheepuram with the potential to generate 6,000 jobs.
Output of eight key infrastructure sectors expanded at a five-month rate of 8.2 per cent in June on healthy performance by sectors such as natural gas and steel, according to the official data released on Monday.
As part of a money laundering probe, the enforcement directorate (ED) conducted raids on Tuesday against Hero Motocorp Executive Chairman Pawan Munjal and some others, said officials. The searches were done at premises situated in Delhi and Gurugram as per arrangements under the Prevention of Money Laundering Act (PMLA), according to the news agency PTI. 
Bonus Stock: Steel pipes maker JTL Industries has announced to distribute bonus shares to its investors. The company in an exchange filing said that the bonus will be issued in the ratio of 1:1. Bonus shares are additional shares that listed companies issue to existing shareholders at no cost. The exercise is done under the guidelines of the SEBI. It increases liquidity and encouraged retail participation.
The Reserve Bank of India (RBI) on August 1 said Rs 3.14 lakh crore worth of Rs 2,000 banknotes, or 88% available for use, have returned to the financial framework as on July 31. Thus, Rs 2,000 banknotes available for use as at the end of business on July 31 stayed at Rs 0.42 lakh crore, the release said. According to the release, 13% of the total notes returned from circulation have been converted into other denominations, while 87 percent of the notes have been used as deposits.
An official data revealed that the Goods and Services Tax (GST) revenue collected in the month of July 2023 was worth Rs 165,105 crore. It further claimed that the GST revenues generated in July were 11 per cent higher than it was registered in the same month in 2022.
HMA Agro Industries, one of leading exporters in India of packaged frozen meat, has posted a jump of over 70 per cent in its net profit in the first quarter of the current fiscal. According to a regulatory filing, the net profit in the quarter ended June 30, 2023 stood at Rs 35.08 crore. This translates into an increase of 74 per cent on sequential basis. The same was at Rs 20.12 crore in the previous quarter (March 2023).
Hiring for white-collar jobs declined 19 percent in July compared to the year-ago period as many sectors, including FMCG, retail, insurance and education, witnessed cautious recruitment sentiments, according to a report. According to the Naukri JobSpeak Index released on Tuesday, job postings for white-collar hiring in July stood at 2,573, down 8 percent compared to the previous month, and down 19 percent compared to July 2022.
The central government has raised over 37% of its FY24 target of gross market acquisition through dated securities in the initial four months, finance minister Nirmala Sitharaman informed Parliament on Tuesday. It has raised a net amount of Rs 4.18 lakh crore through the instrument in a similar period. Dated securities, Treasury bills, external loans, and state provident funds are all ways the government borrows money.
Capital market regulator SEBI on Tuesday clarified that the new format for seeking clients' trading preferences prescribed by it last month will not be applicable to members registered exclusively with commodity derivatives exchanges.
As part of a money laundering probe, the enforcement directorate (ED) conducted raids on Tuesday against Hero Motocorp Executive Chairman Pawan Munjal and some others, said officials. The searches were done at premises situated in Delhi and Gurugram as per arrangements under the Prevention of Money Laundering Act (PMLA), according to the news agency PTI. 
Bonus Stock: Steel pipes maker JTL Industries has announced to distribute bonus shares to its investors. The company in an exchange filing said that the bonus will be issued in the ratio of 1:1. Bonus shares are additional shares that listed companies issue to existing shareholders at no cost. The exercise is done under the guidelines of the SEBI. It increases liquidity and encouraged retail participation.
The Reserve Bank of India (RBI) on August 1 said Rs 3.14 lakh crore worth of Rs 2,000 banknotes, or 88% available for use, have returned to the financial framework as on July 31. Thus, Rs 2,000 banknotes available for use as at the end of business on July 31 stayed at Rs 0.42 lakh crore, the release said. According to the release, 13% of the total notes returned from circulation have been converted into other denominations, while 87 percent of the notes have been used as deposits.
An official data revealed that the Goods and Services Tax (GST) revenue collected in the month of July 2023 was worth Rs 165,105 crore. It further claimed that the GST revenues generated in July were 11 per cent higher than it was registered in the same month in 2022.
HMA Agro Industries, one of leading exporters in India of packaged frozen meat, has posted a jump of over 70 per cent in its net profit in the first quarter of the current fiscal. According to a regulatory filing, the net profit in the quarter ended June 30, 2023 stood at Rs 35.08 crore. This translates into an increase of 74 per cent on sequential basis. The same was at Rs 20.12 crore in the previous quarter (March 2023).
Hiring for white-collar jobs declined 19 percent in July compared to the year-ago period as many sectors, including FMCG, retail, insurance and education, witnessed cautious recruitment sentiments, according to a report. According to the Naukri JobSpeak Index released on Tuesday, job postings for white-collar hiring in July stood at 2,573, down 8 percent compared to the previous month, and down 19 percent compared to July 2022.
The central government has raised over 37% of its FY24 target of gross market acquisition through dated securities in the initial four months, finance minister Nirmala Sitharaman informed Parliament on Tuesday. It has raised a net amount of Rs 4.18 lakh crore through the instrument in a similar period. Dated securities, Treasury bills, external loans, and state provident funds are all ways the government borrows money.
Capital market regulator SEBI on Tuesday clarified that the new format for seeking clients' trading preferences prescribed by it last month will not be applicable to members registered exclusively with commodity derivatives exchanges.
Equity benchmark Sensex pared early gains to end lower on Tuesday, pressured by selling in index majors Reliance Industries, Powergrid and ICICI Bank amid a mixed trend in global equity markets. Besides, continuous foreign fund outflows also dented investor sentiment, traders said.
The income tax department on Monday stated that a record 6.77 crore income tax returns for the Assessment Year 2023-24 were filed till July 31 this year, including 53.67 lakh first-time payers. It further stated that July's income tax returns are 16.1 per cent more than the total ITRs for Assessment Year 2022-23. 
As part of a money laundering probe, the enforcement directorate (ED) conducted raids on Tuesday against Hero Motocorp Executive Chairman Pawan Munjal and some others, said officials. The searches were done at premises situated in Delhi and Gurugram as per arrangements under the Prevention of Money Laundering Act (PMLA), according to the news agency PTI. 
Bonus Stock: Steel pipes maker JTL Industries has announced to distribute bonus shares to its investors. The company in an exchange filing said that the bonus will be issued in the ratio of 1:1. Bonus shares are additional shares that listed companies issue to existing shareholders at no cost. The exercise is done under the guidelines of the SEBI. It increases liquidity and encouraged retail participation.
The Reserve Bank of India (RBI) on August 1 said Rs 3.14 lakh crore worth of Rs 2,000 banknotes, or 88% available for use, have returned to the financial framework as on July 31. Thus, Rs 2,000 banknotes available for use as at the end of business on July 31 stayed at Rs 0.42 lakh crore, the release said. According to the release, 13% of the total notes returned from circulation have been converted into other denominations, while 87 percent of the notes have been used as deposits.
An official data revealed that the Goods and Services Tax (GST) revenue collected in the month of July 2023 was worth Rs 165,105 crore. It further claimed that the GST revenues generated in July were 11 per cent higher than it was registered in the same month in 2022.
HMA Agro Industries, one of leading exporters in India of packaged frozen meat, has posted a jump of over 70 per cent in its net profit in the first quarter of the current fiscal. According to a regulatory filing, the net profit in the quarter ended June 30, 2023 stood at Rs 35.08 crore. This translates into an increase of 74 per cent on sequential basis. The same was at Rs 20.12 crore in the previous quarter (March 2023).
Hiring for white-collar jobs declined 19 percent in July compared to the year-ago period as many sectors, including FMCG, retail, insurance and education, witnessed cautious recruitment sentiments, according to a report. According to the Naukri JobSpeak Index released on Tuesday, job postings for white-collar hiring in July stood at 2,573, down 8 percent compared to the previous month, and down 19 percent compared to July 2022.
The central government has raised over 37% of its FY24 target of gross market acquisition through dated securities in the initial four months, finance minister Nirmala Sitharaman informed Parliament on Tuesday. It has raised a net amount of Rs 4.18 lakh crore through the instrument in a similar period. Dated securities, Treasury bills, external loans, and state provident funds are all ways the government borrows money.
Capital market regulator SEBI on Tuesday clarified that the new format for seeking clients' trading preferences prescribed by it last month will not be applicable to members registered exclusively with commodity derivatives exchanges.
Equity benchmark Sensex pared early gains to end lower on Tuesday, pressured by selling in index majors Reliance Industries, Powergrid and ICICI Bank amid a mixed trend in global equity markets. Besides, continuous foreign fund outflows also dented investor sentiment, traders said.
The income tax department on Monday stated that a record 6.77 crore income tax returns for the Assessment Year 2023-24 were filed till July 31 this year, including 53.67 lakh first-time payers. It further stated that July's income tax returns are 16.1 per cent more than the total ITRs for Assessment Year 2022-23. 
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