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IndiaTV Business: Google News Feed: Digest for August 19, 2023

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Leading IT firm Sylph Technologies, a small cap stock, has announced preferential issue not exceeding Rs 0.83 million. According to an exchange filing, it has offered 26 crore equity shares to the investors belonging to non promoters and public categories. The preferential issue is offered at a price of Rs 3.20 apiece.
HMA Agro Industries has reported eightfold increase in its quarterly income for the April-June period of the current financial year on on account of higher income led by rise in export. The company said that its profit after tax in the quarter stood at Rs 44 crore.
Rama Steel Tubes, a multibagger stock from the BSE SmallCap index, has announced its earnings for the April-June quarter of financial year 2023-24. Mainly engaged in the manufacturing iron and steel products, the firm has reported 30 per cent increase in its revenue led by increased demand in the domestic market.
Amid improving logistics performance across various metrics, small-cap logistics sector stock North Eastern Carrying Corporation has announced a strong performance in the June 2023 quarter. According to a filing in BSE, the logistics solution provider clocked revenue of Rs 83.8 crore as compared to Rs 82 crore in the year-ago period. The total income soared to Rs 84.13 crore in the first quarter.
Finance Minister Nirmala Sitharaman on Wednesday welcomed Japan Bank for International Cooperation (JBIC) for a functioning commitment with National Investment and Infrastructure Fund (NIIF), EXIM Bank of India and other monetary organisations refering to tremendous chance for interest in the country.
Benchmark securities exchange files began the trading session the red because of worldwide vulnerability on Thursday, pursuing the descending direction in Asian business sectors because of worries about China's economic health and Wall Street's apprehension about interest rates.
The Income Tax Department on Wednesday presented new standards for calculating income proceeds from life insurance policies where the yearly premium exceeds Rs 5 lakh. The Central Board of Direct Taxes (CBDT) has issued the Income Tax Amendment (Sixteenth Amendment) Rules, 2023, which presents rule 11UACA.

RBI launches portal to access details of unclaimed deposits

Thursday 17 August 2023 03:20 PM UTC+00
The Reserve Bank on Thursday (August 17) launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access information) aiming to aid people search and claim unclaimed deposits.
Snapping their two-day winning run, equity benchmarks Sensex and Nifty closed in the negative territory on Thursday, tracking losses in index majors Reliance Industries, ITC and HDFC bank amid a weak trend in global markets. The 30-share BSE Sensex declined 388.40 points or 0.59 per cent to settle at 65,151.02.
Educational technology company Unacademy sacked a teacher who allegedly appealed to students to vote for educated candidates. Defending its decision, the edtech firm said that the classroom is not a place to share personal opinions and views.
HMA Agro Industries has reported eightfold increase in its quarterly income for the April-June period of the current financial year on on account of higher income led by rise in export. The company said that its profit after tax in the quarter stood at Rs 44 crore.
Rama Steel Tubes, a multibagger stock from the BSE SmallCap index, has announced its earnings for the April-June quarter of financial year 2023-24. Mainly engaged in the manufacturing iron and steel products, the firm has reported 30 per cent increase in its revenue led by increased demand in the domestic market.
Amid improving logistics performance across various metrics, small-cap logistics sector stock North Eastern Carrying Corporation has announced a strong performance in the June 2023 quarter. According to a filing in BSE, the logistics solution provider clocked revenue of Rs 83.8 crore as compared to Rs 82 crore in the year-ago period. The total income soared to Rs 84.13 crore in the first quarter.
Finance Minister Nirmala Sitharaman on Wednesday welcomed Japan Bank for International Cooperation (JBIC) for a functioning commitment with National Investment and Infrastructure Fund (NIIF), EXIM Bank of India and other monetary organisations refering to tremendous chance for interest in the country.
Benchmark securities exchange files began the trading session the red because of worldwide vulnerability on Thursday, pursuing the descending direction in Asian business sectors because of worries about China's economic health and Wall Street's apprehension about interest rates.
The Income Tax Department on Wednesday presented new standards for calculating income proceeds from life insurance policies where the yearly premium exceeds Rs 5 lakh. The Central Board of Direct Taxes (CBDT) has issued the Income Tax Amendment (Sixteenth Amendment) Rules, 2023, which presents rule 11UACA.

RBI launches portal to access details of unclaimed deposits

Thursday 17 August 2023 03:20 PM UTC+00
The Reserve Bank on Thursday (August 17) launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access information) aiming to aid people search and claim unclaimed deposits.
Snapping their two-day winning run, equity benchmarks Sensex and Nifty closed in the negative territory on Thursday, tracking losses in index majors Reliance Industries, ITC and HDFC bank amid a weak trend in global markets. The 30-share BSE Sensex declined 388.40 points or 0.59 per cent to settle at 65,151.02.
Educational technology company Unacademy sacked a teacher who allegedly appealed to students to vote for educated candidates. Defending its decision, the edtech firm said that the classroom is not a place to share personal opinions and views.
Rama Steel Tubes, a multibagger stock from the BSE SmallCap index, has announced its earnings for the April-June quarter of financial year 2023-24. Mainly engaged in the manufacturing iron and steel products, the firm has reported 30 per cent increase in its revenue led by increased demand in the domestic market.
Amid improving logistics performance across various metrics, small-cap logistics sector stock North Eastern Carrying Corporation has announced a strong performance in the June 2023 quarter. According to a filing in BSE, the logistics solution provider clocked revenue of Rs 83.8 crore as compared to Rs 82 crore in the year-ago period. The total income soared to Rs 84.13 crore in the first quarter.
Finance Minister Nirmala Sitharaman on Wednesday welcomed Japan Bank for International Cooperation (JBIC) for a functioning commitment with National Investment and Infrastructure Fund (NIIF), EXIM Bank of India and other monetary organisations refering to tremendous chance for interest in the country.
Benchmark securities exchange files began the trading session the red because of worldwide vulnerability on Thursday, pursuing the descending direction in Asian business sectors because of worries about China's economic health and Wall Street's apprehension about interest rates.
The Income Tax Department on Wednesday presented new standards for calculating income proceeds from life insurance policies where the yearly premium exceeds Rs 5 lakh. The Central Board of Direct Taxes (CBDT) has issued the Income Tax Amendment (Sixteenth Amendment) Rules, 2023, which presents rule 11UACA.

RBI launches portal to access details of unclaimed deposits

Thursday 17 August 2023 03:20 PM UTC+00
The Reserve Bank on Thursday (August 17) launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access information) aiming to aid people search and claim unclaimed deposits.
Snapping their two-day winning run, equity benchmarks Sensex and Nifty closed in the negative territory on Thursday, tracking losses in index majors Reliance Industries, ITC and HDFC bank amid a weak trend in global markets. The 30-share BSE Sensex declined 388.40 points or 0.59 per cent to settle at 65,151.02.
Educational technology company Unacademy sacked a teacher who allegedly appealed to students to vote for educated candidates. Defending its decision, the edtech firm said that the classroom is not a place to share personal opinions and views.
The financial capital Mumbai continued to remain the most costly real estate market in India, and its Equated Monthly Instalment (EMI) to income ratio rose from 52% in 2021 to 55% in the first half of 2023, according to an assessment by Knight Frank India's Affordability Index data released on Wednesday. Meanwhile, Ahmedabad remains the most reasonable real estate market, with a ratio of 23%.
Amid improving logistics performance across various metrics, small-cap logistics sector stock North Eastern Carrying Corporation has announced a strong performance in the June 2023 quarter. According to a filing in BSE, the logistics solution provider clocked revenue of Rs 83.8 crore as compared to Rs 82 crore in the year-ago period. The total income soared to Rs 84.13 crore in the first quarter.
Finance Minister Nirmala Sitharaman on Wednesday welcomed Japan Bank for International Cooperation (JBIC) for a functioning commitment with National Investment and Infrastructure Fund (NIIF), EXIM Bank of India and other monetary organisations refering to tremendous chance for interest in the country.
Benchmark securities exchange files began the trading session the red because of worldwide vulnerability on Thursday, pursuing the descending direction in Asian business sectors because of worries about China's economic health and Wall Street's apprehension about interest rates.
The Income Tax Department on Wednesday presented new standards for calculating income proceeds from life insurance policies where the yearly premium exceeds Rs 5 lakh. The Central Board of Direct Taxes (CBDT) has issued the Income Tax Amendment (Sixteenth Amendment) Rules, 2023, which presents rule 11UACA.

RBI launches portal to access details of unclaimed deposits

Thursday 17 August 2023 03:20 PM UTC+00
The Reserve Bank on Thursday (August 17) launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access information) aiming to aid people search and claim unclaimed deposits.
Snapping their two-day winning run, equity benchmarks Sensex and Nifty closed in the negative territory on Thursday, tracking losses in index majors Reliance Industries, ITC and HDFC bank amid a weak trend in global markets. The 30-share BSE Sensex declined 388.40 points or 0.59 per cent to settle at 65,151.02.
Educational technology company Unacademy sacked a teacher who allegedly appealed to students to vote for educated candidates. Defending its decision, the edtech firm said that the classroom is not a place to share personal opinions and views.
Farmers have always been the backbone of India. Around 70 per cent of rural households still depend primarily on agriculture for their livelihood. The Modi government has taken several measures to boost productivity and, thus, the income of farmers in the last few years.
The financial capital Mumbai continued to remain the most costly real estate market in India, and its Equated Monthly Instalment (EMI) to income ratio rose from 52% in 2021 to 55% in the first half of 2023, according to an assessment by Knight Frank India's Affordability Index data released on Wednesday. Meanwhile, Ahmedabad remains the most reasonable real estate market, with a ratio of 23%.
The RBI on Friday (August 18) asked banks and other lenders to provide borrowers an option to switch over to a fixed rate at the time of reset of interest rates.
The Income Tax Department on Wednesday presented new standards for calculating income proceeds from life insurance policies where the yearly premium exceeds Rs 5 lakh. The Central Board of Direct Taxes (CBDT) has issued the Income Tax Amendment (Sixteenth Amendment) Rules, 2023, which presents rule 11UACA.

RBI launches portal to access details of unclaimed deposits

Thursday 17 August 2023 03:20 PM UTC+00
The Reserve Bank on Thursday (August 17) launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access information) aiming to aid people search and claim unclaimed deposits.
Snapping their two-day winning run, equity benchmarks Sensex and Nifty closed in the negative territory on Thursday, tracking losses in index majors Reliance Industries, ITC and HDFC bank amid a weak trend in global markets. The 30-share BSE Sensex declined 388.40 points or 0.59 per cent to settle at 65,151.02.
Educational technology company Unacademy sacked a teacher who allegedly appealed to students to vote for educated candidates. Defending its decision, the edtech firm said that the classroom is not a place to share personal opinions and views.
Farmers have always been the backbone of India. Around 70 per cent of rural households still depend primarily on agriculture for their livelihood. The Modi government has taken several measures to boost productivity and, thus, the income of farmers in the last few years.
The financial capital Mumbai continued to remain the most costly real estate market in India, and its Equated Monthly Instalment (EMI) to income ratio rose from 52% in 2021 to 55% in the first half of 2023, according to an assessment by Knight Frank India's Affordability Index data released on Wednesday. Meanwhile, Ahmedabad remains the most reasonable real estate market, with a ratio of 23%.
The RBI on Friday (August 18) asked banks and other lenders to provide borrowers an option to switch over to a fixed rate at the time of reset of interest rates.
Prime Minister Narendra Modi on Friday shared his blog post on 'India's Rising Prosperity', where he talked about the country's thriving economy. The blog is posted on the LinkedIn platform. In his post, the Prime Minister mentioned about two research pieces on India's economy: One from SBI Research and another by Anil Padmanabhan, a noted journalist. 
Equity benchmark index Sensex buckled under selling pressure for the second straight session to close below the 65k mark on Friday, as investors offloaded IT, teck and metal stocks amid a bearish global trend. Besides, fresh foreign fund outflows also hit investor sentiments, traders said.

Govt will adhere to fiscal deficit target of 5.9% for FY 24

Friday 18 August 2023 01:40 PM UTC+00
The government will stick to the fiscal deficit target of 5.9 percent of the GDP as robust tax and non-tax collections will help meet the spending requirement and make up for any shortfall in disinvestment proceeds, Finance Secretary T V Somanathan said on Friday. Although there would be a shortfall with respect to disinvestment, he said, this shortfall would be met by non-tax revenue mobilisation.

RBI launches portal to access details of unclaimed deposits

Thursday 17 August 2023 03:20 PM UTC+00
The Reserve Bank on Thursday (August 17) launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access information) aiming to aid people search and claim unclaimed deposits.
Snapping their two-day winning run, equity benchmarks Sensex and Nifty closed in the negative territory on Thursday, tracking losses in index majors Reliance Industries, ITC and HDFC bank amid a weak trend in global markets. The 30-share BSE Sensex declined 388.40 points or 0.59 per cent to settle at 65,151.02.
Educational technology company Unacademy sacked a teacher who allegedly appealed to students to vote for educated candidates. Defending its decision, the edtech firm said that the classroom is not a place to share personal opinions and views.
Farmers have always been the backbone of India. Around 70 per cent of rural households still depend primarily on agriculture for their livelihood. The Modi government has taken several measures to boost productivity and, thus, the income of farmers in the last few years.
The financial capital Mumbai continued to remain the most costly real estate market in India, and its Equated Monthly Instalment (EMI) to income ratio rose from 52% in 2021 to 55% in the first half of 2023, according to an assessment by Knight Frank India's Affordability Index data released on Wednesday. Meanwhile, Ahmedabad remains the most reasonable real estate market, with a ratio of 23%.
The RBI on Friday (August 18) asked banks and other lenders to provide borrowers an option to switch over to a fixed rate at the time of reset of interest rates.
Prime Minister Narendra Modi on Friday shared his blog post on 'India's Rising Prosperity', where he talked about the country's thriving economy. The blog is posted on the LinkedIn platform. In his post, the Prime Minister mentioned about two research pieces on India's economy: One from SBI Research and another by Anil Padmanabhan, a noted journalist. 
Equity benchmark index Sensex buckled under selling pressure for the second straight session to close below the 65k mark on Friday, as investors offloaded IT, teck and metal stocks amid a bearish global trend. Besides, fresh foreign fund outflows also hit investor sentiments, traders said.

Govt will adhere to fiscal deficit target of 5.9% for FY 24

Friday 18 August 2023 01:40 PM UTC+00
The government will stick to the fiscal deficit target of 5.9 percent of the GDP as robust tax and non-tax collections will help meet the spending requirement and make up for any shortfall in disinvestment proceeds, Finance Secretary T V Somanathan said on Friday. Although there would be a shortfall with respect to disinvestment, he said, this shortfall would be met by non-tax revenue mobilisation.
In what could be termed as good news for OTT platform lovers, Reliance Jio on Friday unveiled two prepaid mobile plans bundled with a Netflix subscription. In a statement, the telecom company said that it is a global first-of-its-kind prepaid bundle deal for Netflix. 

RBI launches portal to access details of unclaimed deposits

Thursday 17 August 2023 03:20 PM UTC+00
The Reserve Bank on Thursday (August 17) launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access information) aiming to aid people search and claim unclaimed deposits.
Snapping their two-day winning run, equity benchmarks Sensex and Nifty closed in the negative territory on Thursday, tracking losses in index majors Reliance Industries, ITC and HDFC bank amid a weak trend in global markets. The 30-share BSE Sensex declined 388.40 points or 0.59 per cent to settle at 65,151.02.
Educational technology company Unacademy sacked a teacher who allegedly appealed to students to vote for educated candidates. Defending its decision, the edtech firm said that the classroom is not a place to share personal opinions and views.
Farmers have always been the backbone of India. Around 70 per cent of rural households still depend primarily on agriculture for their livelihood. The Modi government has taken several measures to boost productivity and, thus, the income of farmers in the last few years.
The financial capital Mumbai continued to remain the most costly real estate market in India, and its Equated Monthly Instalment (EMI) to income ratio rose from 52% in 2021 to 55% in the first half of 2023, according to an assessment by Knight Frank India's Affordability Index data released on Wednesday. Meanwhile, Ahmedabad remains the most reasonable real estate market, with a ratio of 23%.
The RBI on Friday (August 18) asked banks and other lenders to provide borrowers an option to switch over to a fixed rate at the time of reset of interest rates.
Prime Minister Narendra Modi on Friday shared his blog post on 'India's Rising Prosperity', where he talked about the country's thriving economy. The blog is posted on the LinkedIn platform. In his post, the Prime Minister mentioned about two research pieces on India's economy: One from SBI Research and another by Anil Padmanabhan, a noted journalist. 
Equity benchmark index Sensex buckled under selling pressure for the second straight session to close below the 65k mark on Friday, as investors offloaded IT, teck and metal stocks amid a bearish global trend. Besides, fresh foreign fund outflows also hit investor sentiments, traders said.

Govt will adhere to fiscal deficit target of 5.9% for FY 24

Friday 18 August 2023 01:40 PM UTC+00
The government will stick to the fiscal deficit target of 5.9 percent of the GDP as robust tax and non-tax collections will help meet the spending requirement and make up for any shortfall in disinvestment proceeds, Finance Secretary T V Somanathan said on Friday. Although there would be a shortfall with respect to disinvestment, he said, this shortfall would be met by non-tax revenue mobilisation.
In what could be termed as good news for OTT platform lovers, Reliance Jio on Friday unveiled two prepaid mobile plans bundled with a Netflix subscription. In a statement, the telecom company said that it is a global first-of-its-kind prepaid bundle deal for Netflix. 
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