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IndiaTV Business: Google News Feed: Digest for August 14, 2023

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Finance Minister Nirmala Sitharaman on Friday called for concerted global efforts led by rich nations to help indebted countries deleverage at a time when multilaterism is the most potent challenge.
Reserve Bank Governor Shaktikanta Das said that there is an urgent need to enhance green capital flows while pitching for the completion of the general review of quotas at the International Monetary Fund (IMF) on Friday.
The Income Tax department stated that the Gross direct tax collection grew 15.73 per cent to Rs 6.53 lakh crore till August 10 in the current fiscal. After accounting for refunds, the net direct tax collection is Rs 5.84 lakh crore, which is 17.33% higher than the net collections for the same period the previous year, it added. 
A recent data released by the National Statistical Office (NSO) revealed that India's industrial production rose by 3.7 per cent in June. According to the official data, the factory output measured in terms of the Index of Industrial Production (IIP) grew by 12.6 per cent in June 2022. 
Recycling player Vikas Ecotech has announced that it has significantly cut its debt in the current financial as it aims to achieve the target of becoming a debt-free entity. The development assumes significance as it comes in the backdrop of the government's efforts to support small and medium enterprises that contribute more than 30 per cent to the country's GDP.
The steel industry is bouncing back with falling input costs and firm demand in the domestic market in the backdrop of rise in economic activities. Tapping the rising market demand, leading pipe manufacturer and supplier Hi-Tech Pipes announced that it has posted a whopping 80 per cent jump in its consolidated net profit on YoY basis in the first quarter of the current financial year.
As India's start-up economy faces a potential funding winter in 2023, employer branding can indeed play a significant role in giving the sector a much-needed boost. Indian start-ups may position themselves for success even in the face of a funding winter and maintain their attractiveness to both talent and investors by investing in a strong employer brand.
In a major push to encourage people to adopt electric vehicles, EV charger manufacturer Servotech Power Systems has signed a MoU with Uttar Pradesh to set up an electric vehicle charger manufacturing plant along with backward integration.
Adani Ports has named MSKA & Associates, an independent member firm of BDO International, as its new auditor, after Deloitte resigned from the role amid concerns saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. The resignation comes weeks after Deloitte raised concern over certain transactions flagged in the report of Hindenburg Research.
The Arunachal Pradesh government on Saturday inked memorandums of agreement with three central public sector undertakings for the development of 12 hydropower projects with a total capacity of 11,523 MW in the state. An estimated investment of Rs 1,42,000 crore would be made while executing the projects, officials said.
A recent data released by the National Statistical Office (NSO) revealed that India's industrial production rose by 3.7 per cent in June. According to the official data, the factory output measured in terms of the Index of Industrial Production (IIP) grew by 12.6 per cent in June 2022. 
Recycling player Vikas Ecotech has announced that it has significantly cut its debt in the current financial as it aims to achieve the target of becoming a debt-free entity. The development assumes significance as it comes in the backdrop of the government's efforts to support small and medium enterprises that contribute more than 30 per cent to the country's GDP.
The steel industry is bouncing back with falling input costs and firm demand in the domestic market in the backdrop of rise in economic activities. Tapping the rising market demand, leading pipe manufacturer and supplier Hi-Tech Pipes announced that it has posted a whopping 80 per cent jump in its consolidated net profit on YoY basis in the first quarter of the current financial year.
As India's start-up economy faces a potential funding winter in 2023, employer branding can indeed play a significant role in giving the sector a much-needed boost. Indian start-ups may position themselves for success even in the face of a funding winter and maintain their attractiveness to both talent and investors by investing in a strong employer brand.
In a major push to encourage people to adopt electric vehicles, EV charger manufacturer Servotech Power Systems has signed a MoU with Uttar Pradesh to set up an electric vehicle charger manufacturing plant along with backward integration.
Adani Ports has named MSKA & Associates, an independent member firm of BDO International, as its new auditor, after Deloitte resigned from the role amid concerns saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. The resignation comes weeks after Deloitte raised concern over certain transactions flagged in the report of Hindenburg Research.
The Arunachal Pradesh government on Saturday inked memorandums of agreement with three central public sector undertakings for the development of 12 hydropower projects with a total capacity of 11,523 MW in the state. An estimated investment of Rs 1,42,000 crore would be made while executing the projects, officials said.
With the rise in automobile sales in the last few months, the forging industry is witnessing a sharp uptick in demand, which has resulted in a substantial increase in production. Moreover, the rise in steel prices has further boosted the forging industry's income.
With manufacturing sector activity increasing amid continuous foreign inflows, homegrown Salasar Techno Engineering has reported a sharp uptick in its total income during the first quarter of the current financial year.
As the year 2023 marks a defining moment for the logistics industry amid a series of changes on policy front, several small businesses have progressed in efficient transportation, and resource deployment among others. Sindhu Trade Links, a New Delhi-based company that is primarily engaged in transportation logistics and support services, has released its quarterly earnings. In the first quarter, the firm reported Rs 444 crore in total income from operations, up more than 70 per cent on YoY basis, according to an exchange filing.
A recent data released by the National Statistical Office (NSO) revealed that India's industrial production rose by 3.7 per cent in June. According to the official data, the factory output measured in terms of the Index of Industrial Production (IIP) grew by 12.6 per cent in June 2022. 
Recycling player Vikas Ecotech has announced that it has significantly cut its debt in the current financial as it aims to achieve the target of becoming a debt-free entity. The development assumes significance as it comes in the backdrop of the government's efforts to support small and medium enterprises that contribute more than 30 per cent to the country's GDP.
The steel industry is bouncing back with falling input costs and firm demand in the domestic market in the backdrop of rise in economic activities. Tapping the rising market demand, leading pipe manufacturer and supplier Hi-Tech Pipes announced that it has posted a whopping 80 per cent jump in its consolidated net profit on YoY basis in the first quarter of the current financial year.
As India's start-up economy faces a potential funding winter in 2023, employer branding can indeed play a significant role in giving the sector a much-needed boost. Indian start-ups may position themselves for success even in the face of a funding winter and maintain their attractiveness to both talent and investors by investing in a strong employer brand.
In a major push to encourage people to adopt electric vehicles, EV charger manufacturer Servotech Power Systems has signed a MoU with Uttar Pradesh to set up an electric vehicle charger manufacturing plant along with backward integration.
Adani Ports has named MSKA & Associates, an independent member firm of BDO International, as its new auditor, after Deloitte resigned from the role amid concerns saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. The resignation comes weeks after Deloitte raised concern over certain transactions flagged in the report of Hindenburg Research.
The Arunachal Pradesh government on Saturday inked memorandums of agreement with three central public sector undertakings for the development of 12 hydropower projects with a total capacity of 11,523 MW in the state. An estimated investment of Rs 1,42,000 crore would be made while executing the projects, officials said.
With the rise in automobile sales in the last few months, the forging industry is witnessing a sharp uptick in demand, which has resulted in a substantial increase in production. Moreover, the rise in steel prices has further boosted the forging industry's income.
With manufacturing sector activity increasing amid continuous foreign inflows, homegrown Salasar Techno Engineering has reported a sharp uptick in its total income during the first quarter of the current financial year.
As the year 2023 marks a defining moment for the logistics industry amid a series of changes on policy front, several small businesses have progressed in efficient transportation, and resource deployment among others. Sindhu Trade Links, a New Delhi-based company that is primarily engaged in transportation logistics and support services, has released its quarterly earnings. In the first quarter, the firm reported Rs 444 crore in total income from operations, up more than 70 per cent on YoY basis, according to an exchange filing.
The steel industry is bouncing back with falling input costs and firm demand in the domestic market in the backdrop of rise in economic activities. Tapping the rising market demand, leading pipe manufacturer and supplier Hi-Tech Pipes announced that it has posted a whopping 80 per cent jump in its consolidated net profit on YoY basis in the first quarter of the current financial year.
As India's start-up economy faces a potential funding winter in 2023, employer branding can indeed play a significant role in giving the sector a much-needed boost. Indian start-ups may position themselves for success even in the face of a funding winter and maintain their attractiveness to both talent and investors by investing in a strong employer brand.
In a major push to encourage people to adopt electric vehicles, EV charger manufacturer Servotech Power Systems has signed a MoU with Uttar Pradesh to set up an electric vehicle charger manufacturing plant along with backward integration.
Adani Ports has named MSKA & Associates, an independent member firm of BDO International, as its new auditor, after Deloitte resigned from the role amid concerns saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. The resignation comes weeks after Deloitte raised concern over certain transactions flagged in the report of Hindenburg Research.
The Arunachal Pradesh government on Saturday inked memorandums of agreement with three central public sector undertakings for the development of 12 hydropower projects with a total capacity of 11,523 MW in the state. An estimated investment of Rs 1,42,000 crore would be made while executing the projects, officials said.
With the rise in automobile sales in the last few months, the forging industry is witnessing a sharp uptick in demand, which has resulted in a substantial increase in production. Moreover, the rise in steel prices has further boosted the forging industry's income.
With manufacturing sector activity increasing amid continuous foreign inflows, homegrown Salasar Techno Engineering has reported a sharp uptick in its total income during the first quarter of the current financial year.
As the year 2023 marks a defining moment for the logistics industry amid a series of changes on policy front, several small businesses have progressed in efficient transportation, and resource deployment among others. Sindhu Trade Links, a New Delhi-based company that is primarily engaged in transportation logistics and support services, has released its quarterly earnings. In the first quarter, the firm reported Rs 444 crore in total income from operations, up more than 70 per cent on YoY basis, according to an exchange filing.
Data from the Agriculture Ministry shows that farmers in India have sown kharif crops across 979.88 lakh hectares so far this year, as against 972.58 lakh hectares in the same period of last year. On a yearly basis, the sowing is around 1 per cent higher.
The government is pushing for widespread adoption of smart meters to modernize energy infrastructure and align with global standards. Earlier in May, the government launched a major smart metering initiative aimed at installing 250 million smart meters across the country by 2025.
The steel industry is bouncing back with falling input costs and firm demand in the domestic market in the backdrop of rise in economic activities. Tapping the rising market demand, leading pipe manufacturer and supplier Hi-Tech Pipes announced that it has posted a whopping 80 per cent jump in its consolidated net profit on YoY basis in the first quarter of the current financial year.
As India's start-up economy faces a potential funding winter in 2023, employer branding can indeed play a significant role in giving the sector a much-needed boost. Indian start-ups may position themselves for success even in the face of a funding winter and maintain their attractiveness to both talent and investors by investing in a strong employer brand.
In a major push to encourage people to adopt electric vehicles, EV charger manufacturer Servotech Power Systems has signed a MoU with Uttar Pradesh to set up an electric vehicle charger manufacturing plant along with backward integration.
Adani Ports has named MSKA & Associates, an independent member firm of BDO International, as its new auditor, after Deloitte resigned from the role amid concerns saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. The resignation comes weeks after Deloitte raised concern over certain transactions flagged in the report of Hindenburg Research.
The Arunachal Pradesh government on Saturday inked memorandums of agreement with three central public sector undertakings for the development of 12 hydropower projects with a total capacity of 11,523 MW in the state. An estimated investment of Rs 1,42,000 crore would be made while executing the projects, officials said.
With the rise in automobile sales in the last few months, the forging industry is witnessing a sharp uptick in demand, which has resulted in a substantial increase in production. Moreover, the rise in steel prices has further boosted the forging industry's income.
With manufacturing sector activity increasing amid continuous foreign inflows, homegrown Salasar Techno Engineering has reported a sharp uptick in its total income during the first quarter of the current financial year.
As the year 2023 marks a defining moment for the logistics industry amid a series of changes on policy front, several small businesses have progressed in efficient transportation, and resource deployment among others. Sindhu Trade Links, a New Delhi-based company that is primarily engaged in transportation logistics and support services, has released its quarterly earnings. In the first quarter, the firm reported Rs 444 crore in total income from operations, up more than 70 per cent on YoY basis, according to an exchange filing.
Data from the Agriculture Ministry shows that farmers in India have sown kharif crops across 979.88 lakh hectares so far this year, as against 972.58 lakh hectares in the same period of last year. On a yearly basis, the sowing is around 1 per cent higher.
The government is pushing for widespread adoption of smart meters to modernize energy infrastructure and align with global standards. Earlier in May, the government launched a major smart metering initiative aimed at installing 250 million smart meters across the country by 2025.
As India's start-up economy faces a potential funding winter in 2023, employer branding can indeed play a significant role in giving the sector a much-needed boost. Indian start-ups may position themselves for success even in the face of a funding winter and maintain their attractiveness to both talent and investors by investing in a strong employer brand.
In a major push to encourage people to adopt electric vehicles, EV charger manufacturer Servotech Power Systems has signed a MoU with Uttar Pradesh to set up an electric vehicle charger manufacturing plant along with backward integration.
Adani Ports has named MSKA & Associates, an independent member firm of BDO International, as its new auditor, after Deloitte resigned from the role amid concerns saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. The resignation comes weeks after Deloitte raised concern over certain transactions flagged in the report of Hindenburg Research.
The Arunachal Pradesh government on Saturday inked memorandums of agreement with three central public sector undertakings for the development of 12 hydropower projects with a total capacity of 11,523 MW in the state. An estimated investment of Rs 1,42,000 crore would be made while executing the projects, officials said.
With the rise in automobile sales in the last few months, the forging industry is witnessing a sharp uptick in demand, which has resulted in a substantial increase in production. Moreover, the rise in steel prices has further boosted the forging industry's income.
With manufacturing sector activity increasing amid continuous foreign inflows, homegrown Salasar Techno Engineering has reported a sharp uptick in its total income during the first quarter of the current financial year.
As the year 2023 marks a defining moment for the logistics industry amid a series of changes on policy front, several small businesses have progressed in efficient transportation, and resource deployment among others. Sindhu Trade Links, a New Delhi-based company that is primarily engaged in transportation logistics and support services, has released its quarterly earnings. In the first quarter, the firm reported Rs 444 crore in total income from operations, up more than 70 per cent on YoY basis, according to an exchange filing.
Data from the Agriculture Ministry shows that farmers in India have sown kharif crops across 979.88 lakh hectares so far this year, as against 972.58 lakh hectares in the same period of last year. On a yearly basis, the sowing is around 1 per cent higher.
The government is pushing for widespread adoption of smart meters to modernize energy infrastructure and align with global standards. Earlier in May, the government launched a major smart metering initiative aimed at installing 250 million smart meters across the country by 2025.
Capital markets regulator Securities and Exchange Board of India (SEBI) has levied a fine totalling Rs 60 lakh on an individual for violating market norms. The penalty is to be paid by Manish Goel (Manish Kr. Goyal), a Sebi-registered research analyst, within 45 days.
In a major push to encourage people to adopt electric vehicles, EV charger manufacturer Servotech Power Systems has signed a MoU with Uttar Pradesh to set up an electric vehicle charger manufacturing plant along with backward integration.
Adani Ports has named MSKA & Associates, an independent member firm of BDO International, as its new auditor, after Deloitte resigned from the role amid concerns saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. The resignation comes weeks after Deloitte raised concern over certain transactions flagged in the report of Hindenburg Research.
The Arunachal Pradesh government on Saturday inked memorandums of agreement with three central public sector undertakings for the development of 12 hydropower projects with a total capacity of 11,523 MW in the state. An estimated investment of Rs 1,42,000 crore would be made while executing the projects, officials said.
With the rise in automobile sales in the last few months, the forging industry is witnessing a sharp uptick in demand, which has resulted in a substantial increase in production. Moreover, the rise in steel prices has further boosted the forging industry's income.
With manufacturing sector activity increasing amid continuous foreign inflows, homegrown Salasar Techno Engineering has reported a sharp uptick in its total income during the first quarter of the current financial year.
As the year 2023 marks a defining moment for the logistics industry amid a series of changes on policy front, several small businesses have progressed in efficient transportation, and resource deployment among others. Sindhu Trade Links, a New Delhi-based company that is primarily engaged in transportation logistics and support services, has released its quarterly earnings. In the first quarter, the firm reported Rs 444 crore in total income from operations, up more than 70 per cent on YoY basis, according to an exchange filing.
Data from the Agriculture Ministry shows that farmers in India have sown kharif crops across 979.88 lakh hectares so far this year, as against 972.58 lakh hectares in the same period of last year. On a yearly basis, the sowing is around 1 per cent higher.
The government is pushing for widespread adoption of smart meters to modernize energy infrastructure and align with global standards. Earlier in May, the government launched a major smart metering initiative aimed at installing 250 million smart meters across the country by 2025.
Capital markets regulator Securities and Exchange Board of India (SEBI) has levied a fine totalling Rs 60 lakh on an individual for violating market norms. The penalty is to be paid by Manish Goel (Manish Kr. Goyal), a Sebi-registered research analyst, within 45 days.

NCCF sells 71,500 kg of tomatoes in Delhi in 2-day mega sale

Sunday 13 August 2023 05:57 PM UTC+00
The National Cooperative Consumers' Federation of India (NCCF) on Sunday said it sold 71,500 kg of tomatoes at a subsidised rate in the national capital in the two-day mega sale held ahead of the Independence Day celebration in order to provide relief to consumers from high prices.
In a major push to encourage people to adopt electric vehicles, EV charger manufacturer Servotech Power Systems has signed a MoU with Uttar Pradesh to set up an electric vehicle charger manufacturing plant along with backward integration.
Adani Ports has named MSKA & Associates, an independent member firm of BDO International, as its new auditor, after Deloitte resigned from the role amid concerns saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. The resignation comes weeks after Deloitte raised concern over certain transactions flagged in the report of Hindenburg Research.
The Arunachal Pradesh government on Saturday inked memorandums of agreement with three central public sector undertakings for the development of 12 hydropower projects with a total capacity of 11,523 MW in the state. An estimated investment of Rs 1,42,000 crore would be made while executing the projects, officials said.
With the rise in automobile sales in the last few months, the forging industry is witnessing a sharp uptick in demand, which has resulted in a substantial increase in production. Moreover, the rise in steel prices has further boosted the forging industry's income.
With manufacturing sector activity increasing amid continuous foreign inflows, homegrown Salasar Techno Engineering has reported a sharp uptick in its total income during the first quarter of the current financial year.
As the year 2023 marks a defining moment for the logistics industry amid a series of changes on policy front, several small businesses have progressed in efficient transportation, and resource deployment among others. Sindhu Trade Links, a New Delhi-based company that is primarily engaged in transportation logistics and support services, has released its quarterly earnings. In the first quarter, the firm reported Rs 444 crore in total income from operations, up more than 70 per cent on YoY basis, according to an exchange filing.
Data from the Agriculture Ministry shows that farmers in India have sown kharif crops across 979.88 lakh hectares so far this year, as against 972.58 lakh hectares in the same period of last year. On a yearly basis, the sowing is around 1 per cent higher.
The government is pushing for widespread adoption of smart meters to modernize energy infrastructure and align with global standards. Earlier in May, the government launched a major smart metering initiative aimed at installing 250 million smart meters across the country by 2025.
Capital markets regulator Securities and Exchange Board of India (SEBI) has levied a fine totalling Rs 60 lakh on an individual for violating market norms. The penalty is to be paid by Manish Goel (Manish Kr. Goyal), a Sebi-registered research analyst, within 45 days.

NCCF sells 71,500 kg of tomatoes in Delhi in 2-day mega sale

Sunday 13 August 2023 05:57 PM UTC+00
The National Cooperative Consumers' Federation of India (NCCF) on Sunday said it sold 71,500 kg of tomatoes at a subsidised rate in the national capital in the two-day mega sale held ahead of the Independence Day celebration in order to provide relief to consumers from high prices.
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