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IndiaTV Business: Google News Feed: Digest for September 05, 2023

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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.
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.
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.
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.
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.

IndiGo to place order for additional 10 A320 neo family aircraft

Monday 04 September 2023 12:29 PM UTC+00
The country's largest airline IndiGo has decided to place an order for another 10 A320 neo family aircraft. These planes will be in addition to the nearly 1,000 planes already ordered by the carrier.
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.

IndiGo to place order for additional 10 A320 neo family aircraft

Monday 04 September 2023 12:29 PM UTC+00
The country's largest airline IndiGo has decided to place an order for another 10 A320 neo family aircraft. These planes will be in addition to the nearly 1,000 planes already ordered by the carrier.
Stock Split: Civil works and engineering services provider Atal Realtech has announced that it could soon approve the sub-division of the face value of its equity shares, or split. The sub-division or split is a kind of corporate event to reward the investors. In a split, the face value of equity shares is subdivided, and as a result, the total number of outstanding shares increases.
The IPO of IT solutions provider Sahana Systems has been one of the top-performing public issues in recent months. The initial public offering was launched in May this year, and it made its stock market debut in the subsequent month. Its stock is listed at a premium of 20 per cent on the NSE Emerge platform at Rs 163 as against the issue price of Rs 135, according to exchange data. NSE Emerge is an initiative by the National Stock Exchange for small and medium-sized enterprises and startup companies in the country.
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.

IndiGo to place order for additional 10 A320 neo family aircraft

Monday 04 September 2023 12:29 PM UTC+00
The country's largest airline IndiGo has decided to place an order for another 10 A320 neo family aircraft. These planes will be in addition to the nearly 1,000 planes already ordered by the carrier.
Stock Split: Civil works and engineering services provider Atal Realtech has announced that it could soon approve the sub-division of the face value of its equity shares, or split. The sub-division or split is a kind of corporate event to reward the investors. In a split, the face value of equity shares is subdivided, and as a result, the total number of outstanding shares increases.
The IPO of IT solutions provider Sahana Systems has been one of the top-performing public issues in recent months. The initial public offering was launched in May this year, and it made its stock market debut in the subsequent month. Its stock is listed at a premium of 20 per cent on the NSE Emerge platform at Rs 163 as against the issue price of Rs 135, according to exchange data. NSE Emerge is an initiative by the National Stock Exchange for small and medium-sized enterprises and startup companies in the country.

RBI allows pre-sanctioned credit lines through UPI

Monday 04 September 2023 06:08 PM UTC+00
The Reserve Bank on Monday said the UPI System will also include pre-sanctioned credit lines issued by banks for transactions. Earlier, only the deposited amount could be transacted through the UPI System.
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