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IndiaTV Business: Google News Feed: Digest for September 01, 2023

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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.
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.
The Adani Group on Thursday rejected the allegations of using 'opaque' Mauritius funds for trading its publicly traded stocks. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to USD 150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani Group has denied all Hindenburg allegations.
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.
The Adani Group on Thursday rejected the allegations of using 'opaque' Mauritius funds for trading its publicly traded stocks. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to USD 150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani Group has denied all Hindenburg allegations.
The latest data released by the National Statistical Data (NSO) on Thursday revealed that India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period. 
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.
The Adani Group on Thursday rejected the allegations of using 'opaque' Mauritius funds for trading its publicly traded stocks. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to USD 150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani Group has denied all Hindenburg allegations.
The latest data released by the National Statistical Data (NSO) on Thursday revealed that India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period. 
Benchmark Sensex closed lower by around 256 points in a volatile trade on Thursday, snapping its three-day gaining streak due to selling in banking, FMCG and oil and gas shares amid weak Asian cues. The BSE barometer fell by 255.84 points or 0.39 per cent to close at 64,831.41 points with 22 of its constituents ending in the red.
State-owned SAIL on Thursday said it has supplied 4,000 tonnes of steel plates for the construction of the seventh frigate ship as part of the P17A project of the Indian Navy.
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.
The Adani Group on Thursday rejected the allegations of using 'opaque' Mauritius funds for trading its publicly traded stocks. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to USD 150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani Group has denied all Hindenburg allegations.
The latest data released by the National Statistical Data (NSO) on Thursday revealed that India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period. 
Benchmark Sensex closed lower by around 256 points in a volatile trade on Thursday, snapping its three-day gaining streak due to selling in banking, FMCG and oil and gas shares amid weak Asian cues. The BSE barometer fell by 255.84 points or 0.39 per cent to close at 64,831.41 points with 22 of its constituents ending in the red.
State-owned SAIL on Thursday said it has supplied 4,000 tonnes of steel plates for the construction of the seventh frigate ship as part of the P17A project of the Indian Navy.
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.
The Adani Group on Thursday rejected the allegations of using 'opaque' Mauritius funds for trading its publicly traded stocks. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to USD 150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani Group has denied all Hindenburg allegations.
The latest data released by the National Statistical Data (NSO) on Thursday revealed that India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period. 
Benchmark Sensex closed lower by around 256 points in a volatile trade on Thursday, snapping its three-day gaining streak due to selling in banking, FMCG and oil and gas shares amid weak Asian cues. The BSE barometer fell by 255.84 points or 0.39 per cent to close at 64,831.41 points with 22 of its constituents ending in the red.
State-owned SAIL on Thursday said it has supplied 4,000 tonnes of steel plates for the construction of the seventh frigate ship as part of the P17A project of the Indian Navy.
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