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IndiaTV Business: Google News Feed: Digest for August 15, 2023

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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.
Leading integrated and logistics solution provider Lancer Container Lines has declared bonus share issuance in the ratio of 2:1, i.e., 2 bonus shares for every 1 share. The bonus shares will be given to shareholders who will hold the firm's shares as of the record date decided. The board has also set the record date and informed the shareholders via exchanges. The record date has been set for September 23 (Saturday) in order to determine the number of shareholders entitled to bonus equity shares, according to a regulatory filing.
Architectural hardware manufacturer Hardwyn India, a small-cap stock, has delivered multibagger returns to its investors. According to information available on the BSE, its shares have had a solid run since the bonus issuance of equity shares in September 2022. Interestingly, it also issued bonus shares in June this year and split the face value.
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.
Leading integrated and logistics solution provider Lancer Container Lines has declared bonus share issuance in the ratio of 2:1, i.e., 2 bonus shares for every 1 share. The bonus shares will be given to shareholders who will hold the firm's shares as of the record date decided. The board has also set the record date and informed the shareholders via exchanges. The record date has been set for September 23 (Saturday) in order to determine the number of shareholders entitled to bonus equity shares, according to a regulatory filing.
Architectural hardware manufacturer Hardwyn India, a small-cap stock, has delivered multibagger returns to its investors. According to information available on the BSE, its shares have had a solid run since the bonus issuance of equity shares in September 2022. Interestingly, it also issued bonus shares in June this year and split the face value.
The central government's debt over the most recent nine years has risen 174%, while there has been a 100 percent increase in external debt during a similar period, i.e., between 2013–14 and 2022–23. External debt is a part of the government's total debt.
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.
Leading integrated and logistics solution provider Lancer Container Lines has declared bonus share issuance in the ratio of 2:1, i.e., 2 bonus shares for every 1 share. The bonus shares will be given to shareholders who will hold the firm's shares as of the record date decided. The board has also set the record date and informed the shareholders via exchanges. The record date has been set for September 23 (Saturday) in order to determine the number of shareholders entitled to bonus equity shares, according to a regulatory filing.
Architectural hardware manufacturer Hardwyn India, a small-cap stock, has delivered multibagger returns to its investors. According to information available on the BSE, its shares have had a solid run since the bonus issuance of equity shares in September 2022. Interestingly, it also issued bonus shares in June this year and split the face value.
The central government's debt over the most recent nine years has risen 174%, while there has been a 100 percent increase in external debt during a similar period, i.e., between 2013–14 and 2022–23. External debt is a part of the government's total debt.
Wholesale Price Index (WPI)-based inflation remained in negative territory for the fourth consecutive month in July at (-)1.36 per cent on easing prices of fuel, even though food articles turned costlier.
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.
Leading integrated and logistics solution provider Lancer Container Lines has declared bonus share issuance in the ratio of 2:1, i.e., 2 bonus shares for every 1 share. The bonus shares will be given to shareholders who will hold the firm's shares as of the record date decided. The board has also set the record date and informed the shareholders via exchanges. The record date has been set for September 23 (Saturday) in order to determine the number of shareholders entitled to bonus equity shares, according to a regulatory filing.
Architectural hardware manufacturer Hardwyn India, a small-cap stock, has delivered multibagger returns to its investors. According to information available on the BSE, its shares have had a solid run since the bonus issuance of equity shares in September 2022. Interestingly, it also issued bonus shares in June this year and split the face value.
The central government's debt over the most recent nine years has risen 174%, while there has been a 100 percent increase in external debt during a similar period, i.e., between 2013–14 and 2022–23. External debt is a part of the government's total debt.
Wholesale Price Index (WPI)-based inflation remained in negative territory for the fourth consecutive month in July at (-)1.36 per cent on easing prices of fuel, even though food articles turned costlier.

R Doraiswamy named as LIC's next managing director

Monday 14 August 2023 11:38 AM UTC+00
Life Insurance Corporation of India (LIC) on Monday said the government has appointed R Doraiswamy as the managing director. Doraiswamy is currently executive director at the central office in Mumbai.
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.
Leading integrated and logistics solution provider Lancer Container Lines has declared bonus share issuance in the ratio of 2:1, i.e., 2 bonus shares for every 1 share. The bonus shares will be given to shareholders who will hold the firm's shares as of the record date decided. The board has also set the record date and informed the shareholders via exchanges. The record date has been set for September 23 (Saturday) in order to determine the number of shareholders entitled to bonus equity shares, according to a regulatory filing.
Architectural hardware manufacturer Hardwyn India, a small-cap stock, has delivered multibagger returns to its investors. According to information available on the BSE, its shares have had a solid run since the bonus issuance of equity shares in September 2022. Interestingly, it also issued bonus shares in June this year and split the face value.
The central government's debt over the most recent nine years has risen 174%, while there has been a 100 percent increase in external debt during a similar period, i.e., between 2013–14 and 2022–23. External debt is a part of the government's total debt.
Wholesale Price Index (WPI)-based inflation remained in negative territory for the fourth consecutive month in July at (-)1.36 per cent on easing prices of fuel, even though food articles turned costlier.

R Doraiswamy named as LIC's next managing director

Monday 14 August 2023 11:38 AM UTC+00
Life Insurance Corporation of India (LIC) on Monday said the government has appointed R Doraiswamy as the managing director. Doraiswamy is currently executive director at the central office in Mumbai.

Retail inflation jumps to 7.44% in July from 4.87%

Monday 14 August 2023 12:44 PM UTC+00
Retail inflation for the month of July rose to a 15-month high of 7.44 per cent amid a spike in prices of vegetables and other food items, official data stated on Monday.
The domestic air passenger traffic volume surged 25 per cent year-on-year to 1.21 crore passengers in July, according to the latest data shared by the Directorate General of Civil Aviation (DGCA). The data from the DGCA showed that domestic carriers flew 97.05 lakh passengers in July 2022.
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.
Leading integrated and logistics solution provider Lancer Container Lines has declared bonus share issuance in the ratio of 2:1, i.e., 2 bonus shares for every 1 share. The bonus shares will be given to shareholders who will hold the firm's shares as of the record date decided. The board has also set the record date and informed the shareholders via exchanges. The record date has been set for September 23 (Saturday) in order to determine the number of shareholders entitled to bonus equity shares, according to a regulatory filing.
Architectural hardware manufacturer Hardwyn India, a small-cap stock, has delivered multibagger returns to its investors. According to information available on the BSE, its shares have had a solid run since the bonus issuance of equity shares in September 2022. Interestingly, it also issued bonus shares in June this year and split the face value.
The central government's debt over the most recent nine years has risen 174%, while there has been a 100 percent increase in external debt during a similar period, i.e., between 2013–14 and 2022–23. External debt is a part of the government's total debt.
Wholesale Price Index (WPI)-based inflation remained in negative territory for the fourth consecutive month in July at (-)1.36 per cent on easing prices of fuel, even though food articles turned costlier.

R Doraiswamy named as LIC's next managing director

Monday 14 August 2023 11:38 AM UTC+00
Life Insurance Corporation of India (LIC) on Monday said the government has appointed R Doraiswamy as the managing director. Doraiswamy is currently executive director at the central office in Mumbai.

Retail inflation jumps to 7.44% in July from 4.87%

Monday 14 August 2023 12:44 PM UTC+00
Retail inflation for the month of July rose to a 15-month high of 7.44 per cent amid a spike in prices of vegetables and other food items, official data stated on Monday.
The domestic air passenger traffic volume surged 25 per cent year-on-year to 1.21 crore passengers in July, according to the latest data shared by the Directorate General of Civil Aviation (DGCA). The data from the DGCA showed that domestic carriers flew 97.05 lakh passengers in July 2022.
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.
Leading integrated and logistics solution provider Lancer Container Lines has declared bonus share issuance in the ratio of 2:1, i.e., 2 bonus shares for every 1 share. The bonus shares will be given to shareholders who will hold the firm's shares as of the record date decided. The board has also set the record date and informed the shareholders via exchanges. The record date has been set for September 23 (Saturday) in order to determine the number of shareholders entitled to bonus equity shares, according to a regulatory filing.
Architectural hardware manufacturer Hardwyn India, a small-cap stock, has delivered multibagger returns to its investors. According to information available on the BSE, its shares have had a solid run since the bonus issuance of equity shares in September 2022. Interestingly, it also issued bonus shares in June this year and split the face value.
The central government's debt over the most recent nine years has risen 174%, while there has been a 100 percent increase in external debt during a similar period, i.e., between 2013–14 and 2022–23. External debt is a part of the government's total debt.
Wholesale Price Index (WPI)-based inflation remained in negative territory for the fourth consecutive month in July at (-)1.36 per cent on easing prices of fuel, even though food articles turned costlier.

R Doraiswamy named as LIC's next managing director

Monday 14 August 2023 11:38 AM UTC+00
Life Insurance Corporation of India (LIC) on Monday said the government has appointed R Doraiswamy as the managing director. Doraiswamy is currently executive director at the central office in Mumbai.

Retail inflation jumps to 7.44% in July from 4.87%

Monday 14 August 2023 12:44 PM UTC+00
Retail inflation for the month of July rose to a 15-month high of 7.44 per cent amid a spike in prices of vegetables and other food items, official data stated on Monday.
The domestic air passenger traffic volume surged 25 per cent year-on-year to 1.21 crore passengers in July, according to the latest data shared by the Directorate General of Civil Aviation (DGCA). The data from the DGCA showed that domestic carriers flew 97.05 lakh passengers in July 2022.
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