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IndiaTV Business: Google News Feed: Digest for August 31, 2023

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The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice. In a statement on Sunday, the commerce ministry said it has directed trade promotion body APEDA not to register contracts below USD 1,200 per tonne.
Bank Holidays September 2023: Banks will be closed for 16 days in September due to national and regional holidays. Banks in some states will be closed once a year in Sri Krishna Janmashtami, Ganesh Chaturthi, Maharaja Hari Singh Ji and in September in Hari Raya. If you are planning to go to the bank this month, be sure to check your bank's holiday hours to avoid any problems. Online banking services and ATMs across the country will operate daily.
The Board of Directors of Reliance Industries Limited accepted the resignation of Nita Ambani from the board on Monday. She wanted to devote her energies and time to guide and enable Reliance Foundation 'to make an even greater impact for India'.
Reliance AGM 2023: Reliance Industries chairman Mukesh Ambani on Monday set the succession plan in motion, appointing his daughter and two sons -- Isha, Akash, and Anant Ambani -- to the board of the company.
Reliance AGM 2023: Microsoft co-founder and former CEO Bill Gates made a special address at the Reliance Industries 46th Annual General Meeting (AGM) on Monday saying he's delighted that Reliance is collaborating with his foundation and climate organization, Breakthrough Energy, on some of the world's toughest challenges. 
The government has issued mandatory quality norms for solar cable and cast iron products to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 25.
The prices of LPG cylinders are likely to be slashed by Rs 200, said sources on Tuesday. The Centre may announce the cut in the price in the next 24 hours, added sources. It's good news for the middle class as the prices of almost all essential items have remained high for the past few months. The cut in LPG price will give a big relief to people. The current price of a 14-kg LGP cylinder is around Rs 1,100.
The Union Cabinet on Tuesday gave a nod to an additional subsidy of Rs 200 per LPG cylinder under the Ujjwala scheme. With this, the total subsidy will be Rs 400 per cylinder for Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries. 
Moving towards subscription-based accounts, Axis Bank on Tuesday launched a paid savings account where the customer will not be charged for many services and will not be required to maintain a minimum balance. Customers will be charged Rs 150 per month or the discounted Rs 1,650 per year for what has been christened as 'Infinity Savings Account' by the third largest private sector lender.
The Indian chemical industry is poised for growth and has potential to become $1 trillion market by 2040 with CAGR of 8-10 per cent over 2021-40, according to a report by IDBI Capital. Amid increasing chemistry expertise, scale of products and financial discipline with the government pushing for economic diversification, small cap specialty chemical stock Vikas Ecotech has informed exchanges about its plan to raise funds to meet the corporate needs.
The Board of Directors of Reliance Industries Limited accepted the resignation of Nita Ambani from the board on Monday. She wanted to devote her energies and time to guide and enable Reliance Foundation 'to make an even greater impact for India'.
Reliance AGM 2023: Reliance Industries chairman Mukesh Ambani on Monday set the succession plan in motion, appointing his daughter and two sons -- Isha, Akash, and Anant Ambani -- to the board of the company.
Reliance AGM 2023: Microsoft co-founder and former CEO Bill Gates made a special address at the Reliance Industries 46th Annual General Meeting (AGM) on Monday saying he's delighted that Reliance is collaborating with his foundation and climate organization, Breakthrough Energy, on some of the world's toughest challenges. 
The government has issued mandatory quality norms for solar cable and cast iron products to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 25.
The prices of LPG cylinders are likely to be slashed by Rs 200, said sources on Tuesday. The Centre may announce the cut in the price in the next 24 hours, added sources. It's good news for the middle class as the prices of almost all essential items have remained high for the past few months. The cut in LPG price will give a big relief to people. The current price of a 14-kg LGP cylinder is around Rs 1,100.
The Union Cabinet on Tuesday gave a nod to an additional subsidy of Rs 200 per LPG cylinder under the Ujjwala scheme. With this, the total subsidy will be Rs 400 per cylinder for Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries. 
Moving towards subscription-based accounts, Axis Bank on Tuesday launched a paid savings account where the customer will not be charged for many services and will not be required to maintain a minimum balance. Customers will be charged Rs 150 per month or the discounted Rs 1,650 per year for what has been christened as 'Infinity Savings Account' by the third largest private sector lender.
The Indian chemical industry is poised for growth and has the potential to become a $1 trillion market by 2040 with a CAGR of 8-10 per cent over 2021-40, according to a report by IDBI Capital. Amid increasing chemistry expertise, scale of products, and financial discipline with the government pushing for economic diversification, small-cap specialty chemical stock Vikas Ecotech has informed exchanges about its plan to raise funds to meet corporate needs.
The government has been taking measures to increase the share of manufacturing in India's GDP and boost the country's exports. Several reforms and schemes launched by the government over the years have unlocked economic development and improved the business environment.
Beating all the odds amid headwinds led by China's resurgence, macro challenges, and weak demand, small-cap recycling player Vikas Lifecare has announced plans to raise funds on a preferential basis. Based out of Delhi, Vikas Lifecare is a del-credere agent of the state-run Oil and Natural Gas Corporation (ONGC). It supplies a wide variety of base polymers and commodity raw materials to the public sector undertaking under the Ministry of Petroleum and Natural Gas.
Reliance AGM 2023: Reliance Industries chairman Mukesh Ambani on Monday set the succession plan in motion, appointing his daughter and two sons -- Isha, Akash, and Anant Ambani -- to the board of the company.
Reliance AGM 2023: Microsoft co-founder and former CEO Bill Gates made a special address at the Reliance Industries 46th Annual General Meeting (AGM) on Monday saying he's delighted that Reliance is collaborating with his foundation and climate organization, Breakthrough Energy, on some of the world's toughest challenges. 
The government has issued mandatory quality norms for solar cable and cast iron products to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 25.
The prices of LPG cylinders are likely to be slashed by Rs 200, said sources on Tuesday. The Centre may announce the cut in the price in the next 24 hours, added sources. It's good news for the middle class as the prices of almost all essential items have remained high for the past few months. The cut in LPG price will give a big relief to people. The current price of a 14-kg LGP cylinder is around Rs 1,100.
The Union Cabinet on Tuesday gave a nod to an additional subsidy of Rs 200 per LPG cylinder under the Ujjwala scheme. With this, the total subsidy will be Rs 400 per cylinder for Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries. 
Moving towards subscription-based accounts, Axis Bank on Tuesday launched a paid savings account where the customer will not be charged for many services and will not be required to maintain a minimum balance. Customers will be charged Rs 150 per month or the discounted Rs 1,650 per year for what has been christened as 'Infinity Savings Account' by the third largest private sector lender.
The Indian chemical industry is poised for growth and has the potential to become a $1 trillion market by 2040 with a CAGR of 8-10 per cent over 2021-40, according to a report by IDBI Capital. Amid increasing chemistry expertise, scale of products, and financial discipline with the government pushing for economic diversification, small-cap specialty chemical stock Vikas Ecotech has informed exchanges about its plan to raise funds to meet corporate needs.
The government has been taking measures to increase the share of manufacturing in India's GDP and boost the country's exports. Several reforms and schemes launched by the government over the years have unlocked economic development and improved the business environment.
Beating all the odds amid headwinds led by China's resurgence, macro challenges, and weak demand, small-cap recycling player Vikas Lifecare has announced plans to raise funds on a preferential basis. Based out of Delhi, Vikas Lifecare is a del-credere agent of the state-run Oil and Natural Gas Corporation (ONGC). It supplies a wide variety of base polymers and commodity raw materials to the public sector undertaking under the Ministry of Petroleum and Natural Gas.
The government has hiked ethanol price for second time within a fortnight to keep up with its target of achieving 20 per cent blending by 2025. At present, 10 per cent ethanol is blended into petrol, and the government is looking to double this.
Reliance AGM 2023: Reliance Industries chairman Mukesh Ambani on Monday set the succession plan in motion, appointing his daughter and two sons -- Isha, Akash, and Anant Ambani -- to the board of the company.
Reliance AGM 2023: Microsoft co-founder and former CEO Bill Gates made a special address at the Reliance Industries 46th Annual General Meeting (AGM) on Monday saying he's delighted that Reliance is collaborating with his foundation and climate organization, Breakthrough Energy, on some of the world's toughest challenges. 
The government has issued mandatory quality norms for solar cable and cast iron products to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 25.
The prices of LPG cylinders are likely to be slashed by Rs 200, said sources on Tuesday. The Centre may announce the cut in the price in the next 24 hours, added sources. It's good news for the middle class as the prices of almost all essential items have remained high for the past few months. The cut in LPG price will give a big relief to people. The current price of a 14-kg LGP cylinder is around Rs 1,100.
The Union Cabinet on Tuesday gave a nod to an additional subsidy of Rs 200 per LPG cylinder under the Ujjwala scheme. With this, the total subsidy will be Rs 400 per cylinder for Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries. 
Moving towards subscription-based accounts, Axis Bank on Tuesday launched a paid savings account where the customer will not be charged for many services and will not be required to maintain a minimum balance. Customers will be charged Rs 150 per month or the discounted Rs 1,650 per year for what has been christened as 'Infinity Savings Account' by the third largest private sector lender.
The Indian chemical industry is poised for growth and has the potential to become a $1 trillion market by 2040 with a CAGR of 8-10 per cent over 2021-40, according to a report by IDBI Capital. Amid increasing chemistry expertise, scale of products, and financial discipline with the government pushing for economic diversification, small-cap specialty chemical stock Vikas Ecotech has informed exchanges about its plan to raise funds to meet corporate needs.
The government has been taking measures to increase the share of manufacturing in India's GDP and boost the country's exports. Several reforms and schemes launched by the government over the years have unlocked economic development and improved the business environment.
Beating all the odds amid headwinds led by China's resurgence, macro challenges, and weak demand, small-cap recycling player Vikas Lifecare has announced plans to raise funds on a preferential basis. Based out of Delhi, Vikas Lifecare is a del-credere agent of the state-run Oil and Natural Gas Corporation (ONGC). It supplies a wide variety of base polymers and commodity raw materials to the public sector undertaking under the Ministry of Petroleum and Natural Gas.
The government has hiked ethanol price for second time within a fortnight to keep up with its target of achieving 20 per cent blending by 2025. At present, 10 per cent ethanol is blended into petrol, and the government is looking to double this.
Reliance AGM 2023: Microsoft co-founder and former CEO Bill Gates made a special address at the Reliance Industries 46th Annual General Meeting (AGM) on Monday saying he's delighted that Reliance is collaborating with his foundation and climate organization, Breakthrough Energy, on some of the world's toughest challenges. 
The government has issued mandatory quality norms for solar cable and cast iron products to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 25.
The prices of LPG cylinders are likely to be slashed by Rs 200, said sources on Tuesday. The Centre may announce the cut in the price in the next 24 hours, added sources. It's good news for the middle class as the prices of almost all essential items have remained high for the past few months. The cut in LPG price will give a big relief to people. The current price of a 14-kg LGP cylinder is around Rs 1,100.
The Union Cabinet on Tuesday gave a nod to an additional subsidy of Rs 200 per LPG cylinder under the Ujjwala scheme. With this, the total subsidy will be Rs 400 per cylinder for Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries. 
Moving towards subscription-based accounts, Axis Bank on Tuesday launched a paid savings account where the customer will not be charged for many services and will not be required to maintain a minimum balance. Customers will be charged Rs 150 per month or the discounted Rs 1,650 per year for what has been christened as 'Infinity Savings Account' by the third largest private sector lender.
The Indian chemical industry is poised for growth and has the potential to become a $1 trillion market by 2040 with a CAGR of 8-10 per cent over 2021-40, according to a report by IDBI Capital. Amid increasing chemistry expertise, scale of products, and financial discipline with the government pushing for economic diversification, small-cap specialty chemical stock Vikas Ecotech has informed exchanges about its plan to raise funds to meet corporate needs.
The government has been taking measures to increase the share of manufacturing in India's GDP and boost the country's exports. Several reforms and schemes launched by the government over the years have unlocked economic development and improved the business environment.
Beating all the odds amid headwinds led by China's resurgence, macro challenges, and weak demand, small-cap recycling player Vikas Lifecare has announced plans to raise funds on a preferential basis. Based out of Delhi, Vikas Lifecare is a del-credere agent of the state-run Oil and Natural Gas Corporation (ONGC). It supplies a wide variety of base polymers and commodity raw materials to the public sector undertaking under the Ministry of Petroleum and Natural Gas.
The government has hiked ethanol price for second time within a fortnight to keep up with its target of achieving 20 per cent blending by 2025. At present, 10 per cent ethanol is blended into petrol, and the government is looking to double this.
Shares of Jio Financial Services Ltd (JFSL), the demerged financial services unit of Reliance Industries, on Wednesday touched its upper circuit limit for the third consecutive day. Jio Financial Services jumped by 4.99 per cent to close at Rs 232.70 apiece -- its upper circuit limit -- on the BSE.
Reliance AGM 2023: Microsoft co-founder and former CEO Bill Gates made a special address at the Reliance Industries 46th Annual General Meeting (AGM) on Monday saying he's delighted that Reliance is collaborating with his foundation and climate organization, Breakthrough Energy, on some of the world's toughest challenges. 
The government has issued mandatory quality norms for solar cable and cast iron products to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 25.
The prices of LPG cylinders are likely to be slashed by Rs 200, said sources on Tuesday. The Centre may announce the cut in the price in the next 24 hours, added sources. It's good news for the middle class as the prices of almost all essential items have remained high for the past few months. The cut in LPG price will give a big relief to people. The current price of a 14-kg LGP cylinder is around Rs 1,100.
The Union Cabinet on Tuesday gave a nod to an additional subsidy of Rs 200 per LPG cylinder under the Ujjwala scheme. With this, the total subsidy will be Rs 400 per cylinder for Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries. 
Moving towards subscription-based accounts, Axis Bank on Tuesday launched a paid savings account where the customer will not be charged for many services and will not be required to maintain a minimum balance. Customers will be charged Rs 150 per month or the discounted Rs 1,650 per year for what has been christened as 'Infinity Savings Account' by the third largest private sector lender.
The Indian chemical industry is poised for growth and has the potential to become a $1 trillion market by 2040 with a CAGR of 8-10 per cent over 2021-40, according to a report by IDBI Capital. Amid increasing chemistry expertise, scale of products, and financial discipline with the government pushing for economic diversification, small-cap specialty chemical stock Vikas Ecotech has informed exchanges about its plan to raise funds to meet corporate needs.
The government has been taking measures to increase the share of manufacturing in India's GDP and boost the country's exports. Several reforms and schemes launched by the government over the years have unlocked economic development and improved the business environment.
Beating all the odds amid headwinds led by China's resurgence, macro challenges, and weak demand, small-cap recycling player Vikas Lifecare has announced plans to raise funds on a preferential basis. Based out of Delhi, Vikas Lifecare is a del-credere agent of the state-run Oil and Natural Gas Corporation (ONGC). It supplies a wide variety of base polymers and commodity raw materials to the public sector undertaking under the Ministry of Petroleum and Natural Gas.
The government has hiked ethanol price for second time within a fortnight to keep up with its target of achieving 20 per cent blending by 2025. At present, 10 per cent ethanol is blended into petrol, and the government is looking to double this.
Shares of Jio Financial Services Ltd (JFSL), the demerged financial services unit of Reliance Industries, on Wednesday touched its upper circuit limit for the third consecutive day. Jio Financial Services jumped by 4.99 per cent to close at Rs 232.70 apiece -- its upper circuit limit -- on the BSE.
Reliance AGM 2023: Microsoft co-founder and former CEO Bill Gates made a special address at the Reliance Industries 46th Annual General Meeting (AGM) on Monday saying he's delighted that Reliance is collaborating with his foundation and climate organization, Breakthrough Energy, on some of the world's toughest challenges. 
The government has issued mandatory quality norms for solar cable and cast iron products to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on August 25.
The prices of LPG cylinders are likely to be slashed by Rs 200, said sources on Tuesday. The Centre may announce the cut in the price in the next 24 hours, added sources. It's good news for the middle class as the prices of almost all essential items have remained high for the past few months. The cut in LPG price will give a big relief to people. The current price of a 14-kg LGP cylinder is around Rs 1,100.
The Union Cabinet on Tuesday gave a nod to an additional subsidy of Rs 200 per LPG cylinder under the Ujjwala scheme. With this, the total subsidy will be Rs 400 per cylinder for Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries. 
Moving towards subscription-based accounts, Axis Bank on Tuesday launched a paid savings account where the customer will not be charged for many services and will not be required to maintain a minimum balance. Customers will be charged Rs 150 per month or the discounted Rs 1,650 per year for what has been christened as 'Infinity Savings Account' by the third largest private sector lender.
The Indian chemical industry is poised for growth and has the potential to become a $1 trillion market by 2040 with a CAGR of 8-10 per cent over 2021-40, according to a report by IDBI Capital. Amid increasing chemistry expertise, scale of products, and financial discipline with the government pushing for economic diversification, small-cap specialty chemical stock Vikas Ecotech has informed exchanges about its plan to raise funds to meet corporate needs.
The government has been taking measures to increase the share of manufacturing in India's GDP and boost the country's exports. Several reforms and schemes launched by the government over the years have unlocked economic development and improved the business environment.
Beating all the odds amid headwinds led by China's resurgence, macro challenges, and weak demand, small-cap recycling player Vikas Lifecare has announced plans to raise funds on a preferential basis. Based out of Delhi, Vikas Lifecare is a del-credere agent of the state-run Oil and Natural Gas Corporation (ONGC). It supplies a wide variety of base polymers and commodity raw materials to the public sector undertaking under the Ministry of Petroleum and Natural Gas.
The government has hiked ethanol price for second time within a fortnight to keep up with its target of achieving 20 per cent blending by 2025. At present, 10 per cent ethanol is blended into petrol, and the government is looking to double this.
Shares of Jio Financial Services Ltd (JFSL), the demerged financial services unit of Reliance Industries, on Wednesday touched its upper circuit limit for the third consecutive day. Jio Financial Services jumped by 4.99 per cent to close at Rs 232.70 apiece -- its upper circuit limit -- on the BSE.
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