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IndiaTV Business: Google News Feed: Digest for September 04, 2023

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Days after the price of Domestic LPG was slashed, Public sector Oil Marketing Companies (OMCs) have reduced the price of 19 KG commercial LPG gas cylinders by Rs 158, sources said on Friday (September 1).
There have been many changes which would come into effect from September and would have a great impact on the common man. This includes everything from gas prices to credit card rules.
The Reserve Bank of India on Friday informed that about 93 per cent of Rs 2,000 currency notes have been returned to the banks.
The Competition Commission of India (CCI) on Friday approved the merger of Air India-Vistara with subject to certain conditions. Taking to X (formerly known as Twitter), the CCI said that it has given a nod to the merger. "CCI approves the merger of Tata SIA Airlines into Air India, and acquisition of certain shareholding by Singapore Airlines in Air India subject to compliance of voluntary commitments offered by the parties," it added. 
The commerce ministry has recommended an anti-dumping duty of up to USD 243 per tonne of import of Chinese glass used in home appliances with a view to guard domestic players from cheap inbound shipments from the neighbouring country. The finance ministry will take a final decision on imposing the duty.
Kotak Mahindra Bank Managing Director and Chief Executive Officer (CEO) Uday Kotak has resigned from his post with effect from September 1. The resignation comes four months ahead of his retirement on December 31. However, Kotak will continue as a non-executive director of the bank, the bank said in a communication to exchanges on Saturday.  
As the Indian economy continues to expand at a faster pace, non-banking financial companies (NBFCs) are forming a major part of the financial lending sector. These financial institutions have greatly contributed to growing the economy. NBFCs are regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). They have emerged as a vital source of credit for micro, small, and medium enterprises (MSMEs).
The Indian ceramic tile market is estimated to grow at a CAGR of 8.6 per cent and reach $7,144.7 million by 2027. According to a report by ICICI Securities, the margin uptrend will continue as input prices remain benign. Looking to cash in on the growth opportunity, Delhi-based Exxar Tiles has announced the unveiling of a new showroom in Mumbai as part of its expansion spree. 
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI) asserted that steps have been taken to make keypad mobile phones also operate the UPI payment system.  While addressing a program at Devi Ahilya Vishwavidyalaya (DAVV) in Madhya Pradesh's Indore district on Friday, he also said that he was sharing information in his central board meeting that the number of transactions for the month in the UPI exceeded 10 billion in the month of August.

RBI Governor Shaktikanta Das ranked top central banker globally

Saturday 02 September 2023 06:12 PM UTC+00
Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine. Das has been rated 'A+' in the Global Finance Central Banker Report Cards 2023.
Days after the price of Domestic LPG was slashed, Public sector Oil Marketing Companies (OMCs) have reduced the price of 19 KG commercial LPG gas cylinders by Rs 158, sources said on Friday (September 1).
There have been many changes which would come into effect from September and would have a great impact on the common man. This includes everything from gas prices to credit card rules.
The Reserve Bank of India on Friday informed that about 93 per cent of Rs 2,000 currency notes have been returned to the banks.
The Competition Commission of India (CCI) on Friday approved the merger of Air India-Vistara with subject to certain conditions. Taking to X (formerly known as Twitter), the CCI said that it has given a nod to the merger. "CCI approves the merger of Tata SIA Airlines into Air India, and acquisition of certain shareholding by Singapore Airlines in Air India subject to compliance of voluntary commitments offered by the parties," it added. 
The commerce ministry has recommended an anti-dumping duty of up to USD 243 per tonne of import of Chinese glass used in home appliances with a view to guard domestic players from cheap inbound shipments from the neighbouring country. The finance ministry will take a final decision on imposing the duty.
Kotak Mahindra Bank Managing Director and Chief Executive Officer (CEO) Uday Kotak has resigned from his post with effect from September 1. The resignation comes four months ahead of his retirement on December 31. However, Kotak will continue as a non-executive director of the bank, the bank said in a communication to exchanges on Saturday.  
As the Indian economy continues to expand at a faster pace, non-banking financial companies (NBFCs) are forming a major part of the financial lending sector. These financial institutions have greatly contributed to growing the economy. NBFCs are regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). They have emerged as a vital source of credit for micro, small, and medium enterprises (MSMEs).
The Indian ceramic tile market is estimated to grow at a CAGR of 8.6 per cent and reach $7,144.7 million by 2027. According to a report by ICICI Securities, the margin uptrend will continue as input prices remain benign. Looking to cash in on the growth opportunity, Delhi-based Exxar Tiles has announced the unveiling of a new showroom in Mumbai as part of its expansion spree. 
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI) asserted that steps have been taken to make keypad mobile phones also operate the UPI payment system.  While addressing a program at Devi Ahilya Vishwavidyalaya (DAVV) in Madhya Pradesh's Indore district on Friday, he also said that he was sharing information in his central board meeting that the number of transactions for the month in the UPI exceeded 10 billion in the month of August.

RBI Governor Shaktikanta Das ranked top central banker globally

Saturday 02 September 2023 06:12 PM UTC+00
Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine. Das has been rated 'A+' in the Global Finance Central Banker Report Cards 2023.
Days after the price of Domestic LPG was slashed, Public sector Oil Marketing Companies (OMCs) have reduced the price of 19 KG commercial LPG gas cylinders by Rs 158, sources said on Friday (September 1).
There have been many changes which would come into effect from September and would have a great impact on the common man. This includes everything from gas prices to credit card rules.
The Reserve Bank of India on Friday informed that about 93 per cent of Rs 2,000 currency notes have been returned to the banks.
The Competition Commission of India (CCI) on Friday approved the merger of Air India-Vistara with subject to certain conditions. Taking to X (formerly known as Twitter), the CCI said that it has given a nod to the merger. "CCI approves the merger of Tata SIA Airlines into Air India, and acquisition of certain shareholding by Singapore Airlines in Air India subject to compliance of voluntary commitments offered by the parties," it added. 
The commerce ministry has recommended an anti-dumping duty of up to USD 243 per tonne of import of Chinese glass used in home appliances with a view to guard domestic players from cheap inbound shipments from the neighbouring country. The finance ministry will take a final decision on imposing the duty.
Kotak Mahindra Bank Managing Director and Chief Executive Officer (CEO) Uday Kotak has resigned from his post with effect from September 1. The resignation comes four months ahead of his retirement on December 31. However, Kotak will continue as a non-executive director of the bank, the bank said in a communication to exchanges on Saturday.  
As the Indian economy continues to expand at a faster pace, non-banking financial companies (NBFCs) are forming a major part of the financial lending sector. These financial institutions have greatly contributed to growing the economy. NBFCs are regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). They have emerged as a vital source of credit for micro, small, and medium enterprises (MSMEs).
The Indian ceramic tile market is estimated to grow at a CAGR of 8.6 per cent and reach $7,144.7 million by 2027. According to a report by ICICI Securities, the margin uptrend will continue as input prices remain benign. Looking to cash in on the growth opportunity, Delhi-based Exxar Tiles has announced the unveiling of a new showroom in Mumbai as part of its expansion spree. 
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI) asserted that steps have been taken to make keypad mobile phones also operate the UPI payment system.  While addressing a program at Devi Ahilya Vishwavidyalaya (DAVV) in Madhya Pradesh's Indore district on Friday, he also said that he was sharing information in his central board meeting that the number of transactions for the month in the UPI exceeded 10 billion in the month of August.

RBI Governor Shaktikanta Das ranked top central banker globally

Saturday 02 September 2023 06:12 PM UTC+00
Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine. Das has been rated 'A+' in the Global Finance Central Banker Report Cards 2023.
There have been many changes which would come into effect from September and would have a great impact on the common man. This includes everything from gas prices to credit card rules.
The Reserve Bank of India on Friday informed that about 93 per cent of Rs 2,000 currency notes have been returned to the banks.
The Competition Commission of India (CCI) on Friday approved the merger of Air India-Vistara with subject to certain conditions. Taking to X (formerly known as Twitter), the CCI said that it has given a nod to the merger. "CCI approves the merger of Tata SIA Airlines into Air India, and acquisition of certain shareholding by Singapore Airlines in Air India subject to compliance of voluntary commitments offered by the parties," it added. 
The commerce ministry has recommended an anti-dumping duty of up to USD 243 per tonne of import of Chinese glass used in home appliances with a view to guard domestic players from cheap inbound shipments from the neighbouring country. The finance ministry will take a final decision on imposing the duty.
Kotak Mahindra Bank Managing Director and Chief Executive Officer (CEO) Uday Kotak has resigned from his post with effect from September 1. The resignation comes four months ahead of his retirement on December 31. However, Kotak will continue as a non-executive director of the bank, the bank said in a communication to exchanges on Saturday.  
As the Indian economy continues to expand at a faster pace, non-banking financial companies (NBFCs) are forming a major part of the financial lending sector. These financial institutions have greatly contributed to growing the economy. NBFCs are regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). They have emerged as a vital source of credit for micro, small, and medium enterprises (MSMEs).
The Indian ceramic tile market is estimated to grow at a CAGR of 8.6 per cent and reach $7,144.7 million by 2027. According to a report by ICICI Securities, the margin uptrend will continue as input prices remain benign. Looking to cash in on the growth opportunity, Delhi-based Exxar Tiles has announced the unveiling of a new showroom in Mumbai as part of its expansion spree. 
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI) asserted that steps have been taken to make keypad mobile phones also operate the UPI payment system.  While addressing a program at Devi Ahilya Vishwavidyalaya (DAVV) in Madhya Pradesh's Indore district on Friday, he also said that he was sharing information in his central board meeting that the number of transactions for the month in the UPI exceeded 10 billion in the month of August.

RBI Governor Shaktikanta Das ranked top central banker globally

Saturday 02 September 2023 06:12 PM UTC+00
Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine. Das has been rated 'A+' in the Global Finance Central Banker Report Cards 2023.
Leading stock exchange BSE has revised the circuit limit of Jio Financial Services, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, to 20 per cent from the existing 5 per cent. The new limits will be effective from Monday, September 4, according to a notification issued by BSE.
The Reserve Bank of India on Friday informed that about 93 per cent of Rs 2,000 currency notes have been returned to the banks.
The Competition Commission of India (CCI) on Friday approved the merger of Air India-Vistara with subject to certain conditions. Taking to X (formerly known as Twitter), the CCI said that it has given a nod to the merger. "CCI approves the merger of Tata SIA Airlines into Air India, and acquisition of certain shareholding by Singapore Airlines in Air India subject to compliance of voluntary commitments offered by the parties," it added. 
The commerce ministry has recommended an anti-dumping duty of up to USD 243 per tonne of import of Chinese glass used in home appliances with a view to guard domestic players from cheap inbound shipments from the neighbouring country. The finance ministry will take a final decision on imposing the duty.
Kotak Mahindra Bank Managing Director and Chief Executive Officer (CEO) Uday Kotak has resigned from his post with effect from September 1. The resignation comes four months ahead of his retirement on December 31. However, Kotak will continue as a non-executive director of the bank, the bank said in a communication to exchanges on Saturday.  
As the Indian economy continues to expand at a faster pace, non-banking financial companies (NBFCs) are forming a major part of the financial lending sector. These financial institutions have greatly contributed to growing the economy. NBFCs are regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). They have emerged as a vital source of credit for micro, small, and medium enterprises (MSMEs).
The Indian ceramic tile market is estimated to grow at a CAGR of 8.6 per cent and reach $7,144.7 million by 2027. According to a report by ICICI Securities, the margin uptrend will continue as input prices remain benign. Looking to cash in on the growth opportunity, Delhi-based Exxar Tiles has announced the unveiling of a new showroom in Mumbai as part of its expansion spree. 
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI) asserted that steps have been taken to make keypad mobile phones also operate the UPI payment system.  While addressing a program at Devi Ahilya Vishwavidyalaya (DAVV) in Madhya Pradesh's Indore district on Friday, he also said that he was sharing information in his central board meeting that the number of transactions for the month in the UPI exceeded 10 billion in the month of August.

RBI Governor Shaktikanta Das ranked top central banker globally

Saturday 02 September 2023 06:12 PM UTC+00
Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine. Das has been rated 'A+' in the Global Finance Central Banker Report Cards 2023.
Leading stock exchange BSE has revised the circuit limit of Jio Financial Services, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, to 20 per cent from the existing 5 per cent. The new limits will be effective from Monday, September 4, according to a notification issued by BSE.
According to experts, G20 Presidency is helping India deepen trade ties with other member nations and provides an opportunity to attract investments from those countries in sectors like infrastructure. They said that the G20 (Group of 20) holds a strategic role in securing future global economic growth and prosperity, as its members represent about 85 per cent of the global GDP (Gross Domestic Product), 75 per cent of global trade and two-thirds of the world's population.
The Reserve Bank of India on Friday informed that about 93 per cent of Rs 2,000 currency notes have been returned to the banks.
The Competition Commission of India (CCI) on Friday approved the merger of Air India-Vistara with subject to certain conditions. Taking to X (formerly known as Twitter), the CCI said that it has given a nod to the merger. "CCI approves the merger of Tata SIA Airlines into Air India, and acquisition of certain shareholding by Singapore Airlines in Air India subject to compliance of voluntary commitments offered by the parties," it added. 
The commerce ministry has recommended an anti-dumping duty of up to USD 243 per tonne of import of Chinese glass used in home appliances with a view to guard domestic players from cheap inbound shipments from the neighbouring country. The finance ministry will take a final decision on imposing the duty.
Kotak Mahindra Bank Managing Director and Chief Executive Officer (CEO) Uday Kotak has resigned from his post with effect from September 1. The resignation comes four months ahead of his retirement on December 31. However, Kotak will continue as a non-executive director of the bank, the bank said in a communication to exchanges on Saturday.  
As the Indian economy continues to expand at a faster pace, non-banking financial companies (NBFCs) are forming a major part of the financial lending sector. These financial institutions have greatly contributed to growing the economy. NBFCs are regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). They have emerged as a vital source of credit for micro, small, and medium enterprises (MSMEs).
The Indian ceramic tile market is estimated to grow at a CAGR of 8.6 per cent and reach $7,144.7 million by 2027. According to a report by ICICI Securities, the margin uptrend will continue as input prices remain benign. Looking to cash in on the growth opportunity, Delhi-based Exxar Tiles has announced the unveiling of a new showroom in Mumbai as part of its expansion spree. 
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI) asserted that steps have been taken to make keypad mobile phones also operate the UPI payment system.  While addressing a program at Devi Ahilya Vishwavidyalaya (DAVV) in Madhya Pradesh's Indore district on Friday, he also said that he was sharing information in his central board meeting that the number of transactions for the month in the UPI exceeded 10 billion in the month of August.

RBI Governor Shaktikanta Das ranked top central banker globally

Saturday 02 September 2023 06:12 PM UTC+00
Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine. Das has been rated 'A+' in the Global Finance Central Banker Report Cards 2023.
Leading stock exchange BSE has revised the circuit limit of Jio Financial Services, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, to 20 per cent from the existing 5 per cent. The new limits will be effective from Monday, September 4, according to a notification issued by BSE.
According to experts, G20 Presidency is helping India deepen trade ties with other member nations and provides an opportunity to attract investments from those countries in sectors like infrastructure. They said that the G20 (Group of 20) holds a strategic role in securing future global economic growth and prosperity, as its members represent about 85 per cent of the global GDP (Gross Domestic Product), 75 per cent of global trade and two-thirds of the world's population.
The Competition Commission of India (CCI) on Friday approved the merger of Air India-Vistara with subject to certain conditions. Taking to X (formerly known as Twitter), the CCI said that it has given a nod to the merger. "CCI approves the merger of Tata SIA Airlines into Air India, and acquisition of certain shareholding by Singapore Airlines in Air India subject to compliance of voluntary commitments offered by the parties," it added. 
The commerce ministry has recommended an anti-dumping duty of up to USD 243 per tonne of import of Chinese glass used in home appliances with a view to guard domestic players from cheap inbound shipments from the neighbouring country. The finance ministry will take a final decision on imposing the duty.
Kotak Mahindra Bank Managing Director and Chief Executive Officer (CEO) Uday Kotak has resigned from his post with effect from September 1. The resignation comes four months ahead of his retirement on December 31. However, Kotak will continue as a non-executive director of the bank, the bank said in a communication to exchanges on Saturday.  
As the Indian economy continues to expand at a faster pace, non-banking financial companies (NBFCs) are forming a major part of the financial lending sector. These financial institutions have greatly contributed to growing the economy. NBFCs are regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). They have emerged as a vital source of credit for micro, small, and medium enterprises (MSMEs).
The Indian ceramic tile market is estimated to grow at a CAGR of 8.6 per cent and reach $7,144.7 million by 2027. According to a report by ICICI Securities, the margin uptrend will continue as input prices remain benign. Looking to cash in on the growth opportunity, Delhi-based Exxar Tiles has announced the unveiling of a new showroom in Mumbai as part of its expansion spree. 
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI) asserted that steps have been taken to make keypad mobile phones also operate the UPI payment system.  While addressing a program at Devi Ahilya Vishwavidyalaya (DAVV) in Madhya Pradesh's Indore district on Friday, he also said that he was sharing information in his central board meeting that the number of transactions for the month in the UPI exceeded 10 billion in the month of August.

RBI Governor Shaktikanta Das ranked top central banker globally

Saturday 02 September 2023 06:12 PM UTC+00
Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine. Das has been rated 'A+' in the Global Finance Central Banker Report Cards 2023.
Leading stock exchange BSE has revised the circuit limit of Jio Financial Services, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, to 20 per cent from the existing 5 per cent. The new limits will be effective from Monday, September 4, according to a notification issued by BSE.
According to experts, G20 Presidency is helping India deepen trade ties with other member nations and provides an opportunity to attract investments from those countries in sectors like infrastructure. They said that the G20 (Group of 20) holds a strategic role in securing future global economic growth and prosperity, as its members represent about 85 per cent of the global GDP (Gross Domestic Product), 75 per cent of global trade and two-thirds of the world's population.

Grounded Go First cannot use 'G8' designator code

Sunday 03 September 2023 06:25 PM UTC+00
Bankrupt Go First is now not eligible for the two-letter designator code 'G8', with global airlines' grouping IATA blocking the code as the airline has not been flying for the past few months. The International Air Transport Association (IATA), which provides two-letter designator and numeric codes to airlines, has blocked the 'G8' for Go First for a 12-month period, according to an official.
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