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IndiaTV Business: Google News Feed: Digest for September 07, 2023

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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.
Extending their rally for the third day running, equity benchmark indices climbed in early trade on Tuesday amid encouraging domestic macroeconomic data. The BSE benchmark Sensex climbed 119.17 points to 65,747.31 in early trade. The Nifty gained 39.15 points to 19,567.95.
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), said on Tuesday that monetary policy must be forward-looking. He warned that taking a policy approach that only looks at the past can lead to problems. Das used the analogy of driving a car on a road with potential hazards to illustrate his point. He said that the driver must be able to see ahead and adjust the speed of the car accordingly. If the driver reacts too late to a speed bump, they could cause an accident.

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.
Extending their rally for the third day running, equity benchmark indices climbed in early trade on Tuesday amid encouraging domestic macroeconomic data. The BSE benchmark Sensex climbed 119.17 points to 65,747.31 in early trade. The Nifty gained 39.15 points to 19,567.95.
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), said on Tuesday that monetary policy must be forward-looking. He warned that taking a policy approach that only looks at the past can lead to problems. Das used the analogy of driving a car on a road with potential hazards to illustrate his point. He said that the driver must be able to see ahead and adjust the speed of the car accordingly. If the driver reacts too late to a speed bump, they could cause an accident.
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.
Extending their rally for the third day running, equity benchmark indices climbed in early trade on Tuesday amid encouraging domestic macroeconomic data. The BSE benchmark Sensex climbed 119.17 points to 65,747.31 in early trade. The Nifty gained 39.15 points to 19,567.95.
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), said on Tuesday that monetary policy must be forward-looking. He warned that taking a policy approach that only looks at the past can lead to problems. Das used the analogy of driving a car on a road with potential hazards to illustrate his point. He said that the driver must be able to see ahead and adjust the speed of the car accordingly. If the driver reacts too late to a speed bump, they could cause an accident.
Due to weak global cues and foreign fund outflows, equity benchmark indices declined in early trade on Wednesday. The BSE Sensex declined 45.66 points to 65,734.60 in early trade. The Nifty slipped 12.75 points to 19,562.15.
Income Tax Returns update: The average time taken to process income tax returns has come down significantly to just 10 days now. The Central Board of Direct Taxes (CBDT) in a statement on Tuesday said that the post-verification process by the taxpayer has been simplified and made faster. According to reports, the CBDT said that the efforts being made by the Income Tax Department are being continuously strengthened. As many as 6.98 crore tax returns have been filed for income earned in 2022-23 fiscal and out of them, more than 6 crore filings have been processed, the CBDT said on Tuesday.

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.
Extending their rally for the third day running, equity benchmark indices climbed in early trade on Tuesday amid encouraging domestic macroeconomic data. The BSE benchmark Sensex climbed 119.17 points to 65,747.31 in early trade. The Nifty gained 39.15 points to 19,567.95.
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), said on Tuesday that monetary policy must be forward-looking. He warned that taking a policy approach that only looks at the past can lead to problems. Das used the analogy of driving a car on a road with potential hazards to illustrate his point. He said that the driver must be able to see ahead and adjust the speed of the car accordingly. If the driver reacts too late to a speed bump, they could cause an accident.
Due to weak global cues and foreign fund outflows, equity benchmark indices declined in early trade on Wednesday. The BSE Sensex declined 45.66 points to 65,734.60 in early trade. The Nifty slipped 12.75 points to 19,562.15.
Income Tax Returns update: The average time taken to process income tax returns has come down significantly to just 10 days now. The Central Board of Direct Taxes (CBDT) in a statement on Tuesday said that the post-verification process by the taxpayer has been simplified and made faster. According to reports, the CBDT said that the efforts being made by the Income Tax Department are being continuously strengthened. As many as 6.98 crore tax returns have been filed for income earned in 2022-23 fiscal and out of them, more than 6 crore filings have been processed, the CBDT said on Tuesday.
IndiGo flights-G20 Summit: IndiGo airlines today (September 6) said that all the passengers have been notified about flight cancellations at the Delhi airport in connection with G20 Summit 2023.
Tata Group's consumer unit stepped up its efforts to buy at least 51 per cent of popular snack food maker Haldiram's, said sources. But there is a roadblock in the deal as the company is not comfortable with the USD 10 billion valuation sought.
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.
Extending their rally for the third day running, equity benchmark indices climbed in early trade on Tuesday amid encouraging domestic macroeconomic data. The BSE benchmark Sensex climbed 119.17 points to 65,747.31 in early trade. The Nifty gained 39.15 points to 19,567.95.
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), said on Tuesday that monetary policy must be forward-looking. He warned that taking a policy approach that only looks at the past can lead to problems. Das used the analogy of driving a car on a road with potential hazards to illustrate his point. He said that the driver must be able to see ahead and adjust the speed of the car accordingly. If the driver reacts too late to a speed bump, they could cause an accident.
Due to weak global cues and foreign fund outflows, equity benchmark indices declined in early trade on Wednesday. The BSE Sensex declined 45.66 points to 65,734.60 in early trade. The Nifty slipped 12.75 points to 19,562.15.
Income Tax Returns update: The average time taken to process income tax returns has come down significantly to just 10 days now. The Central Board of Direct Taxes (CBDT) in a statement on Tuesday said that the post-verification process by the taxpayer has been simplified and made faster. According to reports, the CBDT said that the efforts being made by the Income Tax Department are being continuously strengthened. As many as 6.98 crore tax returns have been filed for income earned in 2022-23 fiscal and out of them, more than 6 crore filings have been processed, the CBDT said on Tuesday.
IndiGo flights-G20 Summit: IndiGo airlines today (September 6) said that all the passengers have been notified about flight cancellations at the Delhi airport in connection with G20 Summit 2023.
Tata Group's consumer unit stepped up its efforts to buy at least 51 per cent of popular snack food maker Haldiram's, said sources. But there is a roadblock in the deal as the company is not comfortable with the USD 10 billion valuation sought.
RBI Governor Shaktikanta Das said at a Global Fintech Festival 2023 event on Wednesday that the Indian fintech industry is projected to generate around USD 200 billion in revenue by 2030. He attributed this growth to the factors such as the increasing adoption of digital payments, the growth of the digital lending market, and the rise of insurtech and wealthtech companies.
The rupee depreciated by 10 paise and settled for the day at an all-time low of 83.14 (provisional) against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency. Forex traders said the Indian rupee depreciated on Wednesday as the US dollar rose to the highest levels in six months. Moreover, elevated crude oil prices also weighed on rupee.

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.
Extending their rally for the third day running, equity benchmark indices climbed in early trade on Tuesday amid encouraging domestic macroeconomic data. The BSE benchmark Sensex climbed 119.17 points to 65,747.31 in early trade. The Nifty gained 39.15 points to 19,567.95.
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), said on Tuesday that monetary policy must be forward-looking. He warned that taking a policy approach that only looks at the past can lead to problems. Das used the analogy of driving a car on a road with potential hazards to illustrate his point. He said that the driver must be able to see ahead and adjust the speed of the car accordingly. If the driver reacts too late to a speed bump, they could cause an accident.
Due to weak global cues and foreign fund outflows, equity benchmark indices declined in early trade on Wednesday. The BSE Sensex declined 45.66 points to 65,734.60 in early trade. The Nifty slipped 12.75 points to 19,562.15.
Income Tax Returns update: The average time taken to process income tax returns has come down significantly to just 10 days now. The Central Board of Direct Taxes (CBDT) in a statement on Tuesday said that the post-verification process by the taxpayer has been simplified and made faster. According to reports, the CBDT said that the efforts being made by the Income Tax Department are being continuously strengthened. As many as 6.98 crore tax returns have been filed for income earned in 2022-23 fiscal and out of them, more than 6 crore filings have been processed, the CBDT said on Tuesday.
IndiGo flights-G20 Summit: IndiGo airlines today (September 6) said that all the passengers have been notified about flight cancellations at the Delhi airport in connection with G20 Summit 2023.
Tata Group's consumer unit stepped up its efforts to buy at least 51 per cent of popular snack food maker Haldiram's, said sources. But there is a roadblock in the deal as the company is not comfortable with the USD 10 billion valuation sought.
RBI Governor Shaktikanta Das said at a Global Fintech Festival 2023 event on Wednesday that the Indian fintech industry is projected to generate around USD 200 billion in revenue by 2030. He attributed this growth to the factors such as the increasing adoption of digital payments, the growth of the digital lending market, and the rise of insurtech and wealthtech companies.
The rupee depreciated by 10 paise and settled for the day at an all-time low of 83.14 (provisional) against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency. Forex traders said the Indian rupee depreciated on Wednesday as the US dollar rose to the highest levels in six months. Moreover, elevated crude oil prices also weighed on rupee.
In a bizarre incident, ITC Ltd Food Division was directed to pay Rs one lakh to a consumer for alleged unfair trade practice after he complained that packets of the corporate's biscuit brand Sunfeast Marie Light had one biscuit lesser than that advertised on the wrapper.

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.
Extending their rally for the third day running, equity benchmark indices climbed in early trade on Tuesday amid encouraging domestic macroeconomic data. The BSE benchmark Sensex climbed 119.17 points to 65,747.31 in early trade. The Nifty gained 39.15 points to 19,567.95.
Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), said on Tuesday that monetary policy must be forward-looking. He warned that taking a policy approach that only looks at the past can lead to problems. Das used the analogy of driving a car on a road with potential hazards to illustrate his point. He said that the driver must be able to see ahead and adjust the speed of the car accordingly. If the driver reacts too late to a speed bump, they could cause an accident.
Due to weak global cues and foreign fund outflows, equity benchmark indices declined in early trade on Wednesday. The BSE Sensex declined 45.66 points to 65,734.60 in early trade. The Nifty slipped 12.75 points to 19,562.15.
Income Tax Returns update: The average time taken to process income tax returns has come down significantly to just 10 days now. The Central Board of Direct Taxes (CBDT) in a statement on Tuesday said that the post-verification process by the taxpayer has been simplified and made faster. According to reports, the CBDT said that the efforts being made by the Income Tax Department are being continuously strengthened. As many as 6.98 crore tax returns have been filed for income earned in 2022-23 fiscal and out of them, more than 6 crore filings have been processed, the CBDT said on Tuesday.
IndiGo flights-G20 Summit: IndiGo airlines today (September 6) said that all the passengers have been notified about flight cancellations at the Delhi airport in connection with G20 Summit 2023.
Tata Group's consumer unit stepped up its efforts to buy at least 51 per cent of popular snack food maker Haldiram's, said sources. But there is a roadblock in the deal as the company is not comfortable with the USD 10 billion valuation sought.
RBI Governor Shaktikanta Das said at a Global Fintech Festival 2023 event on Wednesday that the Indian fintech industry is projected to generate around USD 200 billion in revenue by 2030. He attributed this growth to the factors such as the increasing adoption of digital payments, the growth of the digital lending market, and the rise of insurtech and wealthtech companies.
The rupee depreciated by 10 paise and settled for the day at an all-time low of 83.14 (provisional) against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency. Forex traders said the Indian rupee depreciated on Wednesday as the US dollar rose to the highest levels in six months. Moreover, elevated crude oil prices also weighed on rupee.
In a bizarre incident, ITC Ltd Food Division was directed to pay Rs one lakh to a consumer for alleged unfair trade practice after he complained that packets of the corporate's biscuit brand Sunfeast Marie Light had one biscuit lesser than that advertised on the wrapper.
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