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IndiaTV Business: Google News Feed: Digest for October 02, 2023

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Asian Paints co-founder Ashwin Dani passes away at 79 | DETAILS

Thursday 28 September 2023 09:41 AM UTC+00
Ashwin Suryakant Dani, the co-founder of Asian Paints Ltd died on September 28 at 79. Dani was an Indian billionaire businessman, who served as the the non-executive chairman of India's largest paint company (Asian company) with operations in 16 countries. According to reports, he was the second-generation scion of the family that co-founded the company. 

Sensex falls over 600 points as markets close on a negative note

Thursday 28 September 2023 10:33 AM UTC+00
The Indian stock market experienced a sharp decline, with the Sensex dropping by more than 600 points during trading hours on Thursday. The BSE Sensex concluded the day at 65,508, reflecting a significant decrease.
The last date to deposit Rs 2,000 notes in banks or exchange them with other notes is September 30. So only last two days - today and tomorrow left to exchange notes. It is noteworthy that the Reserve Bank of India (RBI) had announced on May 19 that Rs 2,000 notes would be taken out of circulation. After that, 4 months time was given to exchange the notes or deposit them in the bank. According to RBI, Rs 2,000 notes worth about Rs 24,000 crore have still not arrived in the bank. In such a situation, the big question is what will happen if you have Rs 2000 notes and you are not able to exchange them till 30th September? 
Tata-owned Air India has achieved a historic milestone as it successfully acquired India's first Airbus A350-900 aircraft through a finance lease transaction with HSBC through theGujarat International Finance Tec-City (GIFT City). This is also the first wide-body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).
Logistics firm DHL Express will hike the prices for parcel deliveries by an average of 6.9 per cent in India from next year as part of its annual price adjustment exercise, the company said on Friday. Prices are adjusted on an annual basis, taking into consideration various factors, including inflation, DHL Express said.
India's foreign exchange reserves dropped by USD 2.335 billion to USD 590.702 billion for week ended on September 22, 2023, the Reserve Bank of India (RBI) said.
The government on Friday raised the interest rate on the five-year recurring deposit scheme to 6.7 per cent from 6.5 per cent for the December quarter. With this, the government retained the rates for all other small savings schemes. The interest rate on savings deposits has been retained at 4 per cent and on the one-year term deposit at 6.9 per cent, according to a finance ministry circular.
The government on Friday (September 29) hiked special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne with effect from September 30 (Saturday).

New deadline for exchange of Rs 2000 notes announced

Saturday 30 September 2023 11:32 AM UTC+00
September 30 (today) was the last date to exchange the Rs 2000 note. However, the Reserve Bank of India on Saturday extended the deadline. The Reserve Bank of India (RBI) on Saturday said that the deadline has been extended after conducting a review.  
LPG cylinder price increased: Oil Marketing Companies (OMCs) on Saturday increased the prices of commercial LPG gas cylinders, sources have informed.

Asian Paints co-founder Ashwin Dani passes away at 79 | DETAILS

Thursday 28 September 2023 09:41 AM UTC+00
Ashwin Suryakant Dani, the co-founder of Asian Paints Ltd died on September 28 at 79. Dani was an Indian billionaire businessman, who served as the the non-executive chairman of India's largest paint company (Asian company) with operations in 16 countries. According to reports, he was the second-generation scion of the family that co-founded the company. 

Sensex falls over 600 points as markets close on a negative note

Thursday 28 September 2023 10:33 AM UTC+00
The Indian stock market experienced a sharp decline, with the Sensex dropping by more than 600 points during trading hours on Thursday. The BSE Sensex concluded the day at 65,508, reflecting a significant decrease.
The last date to deposit Rs 2,000 notes in banks or exchange them with other notes is September 30. So only last two days - today and tomorrow left to exchange notes. It is noteworthy that the Reserve Bank of India (RBI) had announced on May 19 that Rs 2,000 notes would be taken out of circulation. After that, 4 months time was given to exchange the notes or deposit them in the bank. According to RBI, Rs 2,000 notes worth about Rs 24,000 crore have still not arrived in the bank. In such a situation, the big question is what will happen if you have Rs 2000 notes and you are not able to exchange them till 30th September? 
Tata-owned Air India has achieved a historic milestone as it successfully acquired India's first Airbus A350-900 aircraft through a finance lease transaction with HSBC through theGujarat International Finance Tec-City (GIFT City). This is also the first wide-body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).
Logistics firm DHL Express will hike the prices for parcel deliveries by an average of 6.9 per cent in India from next year as part of its annual price adjustment exercise, the company said on Friday. Prices are adjusted on an annual basis, taking into consideration various factors, including inflation, DHL Express said.
India's foreign exchange reserves dropped by USD 2.335 billion to USD 590.702 billion for week ended on September 22, 2023, the Reserve Bank of India (RBI) said.
The government on Friday raised the interest rate on the five-year recurring deposit scheme to 6.7 per cent from 6.5 per cent for the December quarter. With this, the government retained the rates for all other small savings schemes. The interest rate on savings deposits has been retained at 4 per cent and on the one-year term deposit at 6.9 per cent, according to a finance ministry circular.
The government on Friday (September 29) hiked special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne with effect from September 30 (Saturday).

New deadline for exchange of Rs 2000 notes announced

Saturday 30 September 2023 11:32 AM UTC+00
September 30 (today) was the last date to exchange the Rs 2000 note. However, the Reserve Bank of India on Saturday extended the deadline. The Reserve Bank of India (RBI) on Saturday said that the deadline has been extended after conducting a review.  
LPG cylinder price increased: Oil Marketing Companies (OMCs) on Saturday increased the prices of commercial LPG gas cylinders, sources have informed.

Sensex falls over 600 points as markets close on a negative note

Thursday 28 September 2023 10:33 AM UTC+00
The Indian stock market experienced a sharp decline, with the Sensex dropping by more than 600 points during trading hours on Thursday. The BSE Sensex concluded the day at 65,508, reflecting a significant decrease.
The last date to deposit Rs 2,000 notes in banks or exchange them with other notes is September 30. So only last two days - today and tomorrow left to exchange notes. It is noteworthy that the Reserve Bank of India (RBI) had announced on May 19 that Rs 2,000 notes would be taken out of circulation. After that, 4 months time was given to exchange the notes or deposit them in the bank. According to RBI, Rs 2,000 notes worth about Rs 24,000 crore have still not arrived in the bank. In such a situation, the big question is what will happen if you have Rs 2000 notes and you are not able to exchange them till 30th September? 
Tata-owned Air India has achieved a historic milestone as it successfully acquired India's first Airbus A350-900 aircraft through a finance lease transaction with HSBC through theGujarat International Finance Tec-City (GIFT City). This is also the first wide-body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).
Logistics firm DHL Express will hike the prices for parcel deliveries by an average of 6.9 per cent in India from next year as part of its annual price adjustment exercise, the company said on Friday. Prices are adjusted on an annual basis, taking into consideration various factors, including inflation, DHL Express said.
India's foreign exchange reserves dropped by USD 2.335 billion to USD 590.702 billion for week ended on September 22, 2023, the Reserve Bank of India (RBI) said.
The government on Friday raised the interest rate on the five-year recurring deposit scheme to 6.7 per cent from 6.5 per cent for the December quarter. With this, the government retained the rates for all other small savings schemes. The interest rate on savings deposits has been retained at 4 per cent and on the one-year term deposit at 6.9 per cent, according to a finance ministry circular.
The government on Friday (September 29) hiked special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne with effect from September 30 (Saturday).

New deadline for exchange of Rs 2000 notes announced

Saturday 30 September 2023 11:32 AM UTC+00
September 30 (today) was the last date to exchange the Rs 2000 note. However, the Reserve Bank of India on Saturday extended the deadline. The Reserve Bank of India (RBI) on Saturday said that the deadline has been extended after conducting a review.  
LPG cylinder price increased: Oil Marketing Companies (OMCs) on Saturday increased the prices of commercial LPG gas cylinders, sources have informed.
Industry body Indian Biogas Association (IBA) said the trade body expects around Rs 1,500 crore investment announcement in the biogas segment during the 3-day long Renewable Energy India Expo 2023 (REI). 
The last date to deposit Rs 2,000 notes in banks or exchange them with other notes is September 30. So only last two days - today and tomorrow left to exchange notes. It is noteworthy that the Reserve Bank of India (RBI) had announced on May 19 that Rs 2,000 notes would be taken out of circulation. After that, 4 months time was given to exchange the notes or deposit them in the bank. According to RBI, Rs 2,000 notes worth about Rs 24,000 crore have still not arrived in the bank. In such a situation, the big question is what will happen if you have Rs 2000 notes and you are not able to exchange them till 30th September? 
Tata-owned Air India has achieved a historic milestone as it successfully acquired India's first Airbus A350-900 aircraft through a finance lease transaction with HSBC through theGujarat International Finance Tec-City (GIFT City). This is also the first wide-body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).
Logistics firm DHL Express will hike the prices for parcel deliveries by an average of 6.9 per cent in India from next year as part of its annual price adjustment exercise, the company said on Friday. Prices are adjusted on an annual basis, taking into consideration various factors, including inflation, DHL Express said.
India's foreign exchange reserves dropped by USD 2.335 billion to USD 590.702 billion for week ended on September 22, 2023, the Reserve Bank of India (RBI) said.
The government on Friday raised the interest rate on the five-year recurring deposit scheme to 6.7 per cent from 6.5 per cent for the December quarter. With this, the government retained the rates for all other small savings schemes. The interest rate on savings deposits has been retained at 4 per cent and on the one-year term deposit at 6.9 per cent, according to a finance ministry circular.
The government on Friday (September 29) hiked special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne with effect from September 30 (Saturday).

New deadline for exchange of Rs 2000 notes announced

Saturday 30 September 2023 11:32 AM UTC+00
September 30 (today) was the last date to exchange the Rs 2000 note. However, the Reserve Bank of India on Saturday extended the deadline. The Reserve Bank of India (RBI) on Saturday said that the deadline has been extended after conducting a review.  
LPG cylinder price increased: Oil Marketing Companies (OMCs) on Saturday increased the prices of commercial LPG gas cylinders, sources have informed.
Industry body Indian Biogas Association (IBA) said the trade body expects around Rs 1,500 crore investment announcement in the biogas segment during the 3-day long Renewable Energy India Expo 2023 (REI). 
Gross GST collections in September 2023 stood at Rs 1,62,712 crore, which is 10 per cent higher as compared to last year, according to the data released by the Finance Ministry on Sunday. It is the fourth time that the gross GST collection has crossed the Rs 1.60 lakh crore mark in the current FY 2023-24. Notably, the gross GST revenue collected last month was Rs 1,62,712 crore.
The last date to deposit Rs 2,000 notes in banks or exchange them with other notes is September 30. So only last two days - today and tomorrow left to exchange notes. It is noteworthy that the Reserve Bank of India (RBI) had announced on May 19 that Rs 2,000 notes would be taken out of circulation. After that, 4 months time was given to exchange the notes or deposit them in the bank. According to RBI, Rs 2,000 notes worth about Rs 24,000 crore have still not arrived in the bank. In such a situation, the big question is what will happen if you have Rs 2000 notes and you are not able to exchange them till 30th September? 
Tata-owned Air India has achieved a historic milestone as it successfully acquired India's first Airbus A350-900 aircraft through a finance lease transaction with HSBC through theGujarat International Finance Tec-City (GIFT City). This is also the first wide-body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).
Logistics firm DHL Express will hike the prices for parcel deliveries by an average of 6.9 per cent in India from next year as part of its annual price adjustment exercise, the company said on Friday. Prices are adjusted on an annual basis, taking into consideration various factors, including inflation, DHL Express said.
India's foreign exchange reserves dropped by USD 2.335 billion to USD 590.702 billion for week ended on September 22, 2023, the Reserve Bank of India (RBI) said.
The government on Friday raised the interest rate on the five-year recurring deposit scheme to 6.7 per cent from 6.5 per cent for the December quarter. With this, the government retained the rates for all other small savings schemes. The interest rate on savings deposits has been retained at 4 per cent and on the one-year term deposit at 6.9 per cent, according to a finance ministry circular.
The government on Friday (September 29) hiked special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne with effect from September 30 (Saturday).

New deadline for exchange of Rs 2000 notes announced

Saturday 30 September 2023 11:32 AM UTC+00
September 30 (today) was the last date to exchange the Rs 2000 note. However, the Reserve Bank of India on Saturday extended the deadline. The Reserve Bank of India (RBI) on Saturday said that the deadline has been extended after conducting a review.  
LPG cylinder price increased: Oil Marketing Companies (OMCs) on Saturday increased the prices of commercial LPG gas cylinders, sources have informed.
Industry body Indian Biogas Association (IBA) said the trade body expects around Rs 1,500 crore investment announcement in the biogas segment during the 3-day long Renewable Energy India Expo 2023 (REI). 
Gross GST collections in September 2023 stood at Rs 1,62,712 crore, which is 10 per cent higher as compared to last year, according to the data released by the Finance Ministry on Sunday. It is the fourth time that the gross GST collection has crossed the Rs 1.60 lakh crore mark in the current FY 2023-24. Notably, the gross GST revenue collected last month was Rs 1,62,712 crore.
The last date to deposit Rs 2,000 notes in banks or exchange them with other notes is September 30. So only last two days - today and tomorrow left to exchange notes. It is noteworthy that the Reserve Bank of India (RBI) had announced on May 19 that Rs 2,000 notes would be taken out of circulation. After that, 4 months time was given to exchange the notes or deposit them in the bank. According to RBI, Rs 2,000 notes worth about Rs 24,000 crore have still not arrived in the bank. In such a situation, the big question is what will happen if you have Rs 2000 notes and you are not able to exchange them till 30th September? 
Tata-owned Air India has achieved a historic milestone as it successfully acquired India's first Airbus A350-900 aircraft through a finance lease transaction with HSBC through theGujarat International Finance Tec-City (GIFT City). This is also the first wide-body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).
Logistics firm DHL Express will hike the prices for parcel deliveries by an average of 6.9 per cent in India from next year as part of its annual price adjustment exercise, the company said on Friday. Prices are adjusted on an annual basis, taking into consideration various factors, including inflation, DHL Express said.
India's foreign exchange reserves dropped by USD 2.335 billion to USD 590.702 billion for week ended on September 22, 2023, the Reserve Bank of India (RBI) said.
The government on Friday raised the interest rate on the five-year recurring deposit scheme to 6.7 per cent from 6.5 per cent for the December quarter. With this, the government retained the rates for all other small savings schemes. The interest rate on savings deposits has been retained at 4 per cent and on the one-year term deposit at 6.9 per cent, according to a finance ministry circular.
The government on Friday (September 29) hiked special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne with effect from September 30 (Saturday).

New deadline for exchange of Rs 2000 notes announced

Saturday 30 September 2023 11:32 AM UTC+00
September 30 (today) was the last date to exchange the Rs 2000 note. However, the Reserve Bank of India on Saturday extended the deadline. The Reserve Bank of India (RBI) on Saturday said that the deadline has been extended after conducting a review.  
LPG cylinder price increased: Oil Marketing Companies (OMCs) on Saturday increased the prices of commercial LPG gas cylinders, sources have informed.
Industry body Indian Biogas Association (IBA) said the trade body expects around Rs 1,500 crore investment announcement in the biogas segment during the 3-day long Renewable Energy India Expo 2023 (REI). 
Gross GST collections in September 2023 stood at Rs 1,62,712 crore, which is 10 per cent higher as compared to last year, according to the data released by the Finance Ministry on Sunday. It is the fourth time that the gross GST collection has crossed the Rs 1.60 lakh crore mark in the current FY 2023-24. Notably, the gross GST revenue collected last month was Rs 1,62,712 crore.
Tata-owned Air India has achieved a historic milestone as it successfully acquired India's first Airbus A350-900 aircraft through a finance lease transaction with HSBC through theGujarat International Finance Tec-City (GIFT City). This is also the first wide-body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).
Logistics firm DHL Express will hike the prices for parcel deliveries by an average of 6.9 per cent in India from next year as part of its annual price adjustment exercise, the company said on Friday. Prices are adjusted on an annual basis, taking into consideration various factors, including inflation, DHL Express said.
India's foreign exchange reserves dropped by USD 2.335 billion to USD 590.702 billion for week ended on September 22, 2023, the Reserve Bank of India (RBI) said.
The government on Friday raised the interest rate on the five-year recurring deposit scheme to 6.7 per cent from 6.5 per cent for the December quarter. With this, the government retained the rates for all other small savings schemes. The interest rate on savings deposits has been retained at 4 per cent and on the one-year term deposit at 6.9 per cent, according to a finance ministry circular.
The government on Friday (September 29) hiked special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne with effect from September 30 (Saturday).

New deadline for exchange of Rs 2000 notes announced

Saturday 30 September 2023 11:32 AM UTC+00
September 30 (today) was the last date to exchange the Rs 2000 note. However, the Reserve Bank of India on Saturday extended the deadline. The Reserve Bank of India (RBI) on Saturday said that the deadline has been extended after conducting a review.  
LPG cylinder price increased: Oil Marketing Companies (OMCs) on Saturday increased the prices of commercial LPG gas cylinders, sources have informed.
Industry body Indian Biogas Association (IBA) said the trade body expects around Rs 1,500 crore investment announcement in the biogas segment during the 3-day long Renewable Energy India Expo 2023 (REI). 
Gross GST collections in September 2023 stood at Rs 1,62,712 crore, which is 10 per cent higher as compared to last year, according to the data released by the Finance Ministry on Sunday. It is the fourth time that the gross GST collection has crossed the Rs 1.60 lakh crore mark in the current FY 2023-24. Notably, the gross GST revenue collected last month was Rs 1,62,712 crore.
Vistara on Sunday started direct flights from New Delhi to the capital of the Maldives, Male. Additionally, Air India has announced that it will launch non-stop services between Kochi and Doha starting from October 23. Both airlines are part of the Tata Group.
Tata-owned Air India has achieved a historic milestone as it successfully acquired India's first Airbus A350-900 aircraft through a finance lease transaction with HSBC through theGujarat International Finance Tec-City (GIFT City). This is also the first wide-body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).
Logistics firm DHL Express will hike the prices for parcel deliveries by an average of 6.9 per cent in India from next year as part of its annual price adjustment exercise, the company said on Friday. Prices are adjusted on an annual basis, taking into consideration various factors, including inflation, DHL Express said.
India's foreign exchange reserves dropped by USD 2.335 billion to USD 590.702 billion for week ended on September 22, 2023, the Reserve Bank of India (RBI) said.
The government on Friday raised the interest rate on the five-year recurring deposit scheme to 6.7 per cent from 6.5 per cent for the December quarter. With this, the government retained the rates for all other small savings schemes. The interest rate on savings deposits has been retained at 4 per cent and on the one-year term deposit at 6.9 per cent, according to a finance ministry circular.
The government on Friday (September 29) hiked special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne with effect from September 30 (Saturday).

New deadline for exchange of Rs 2000 notes announced

Saturday 30 September 2023 11:32 AM UTC+00
September 30 (today) was the last date to exchange the Rs 2000 note. However, the Reserve Bank of India on Saturday extended the deadline. The Reserve Bank of India (RBI) on Saturday said that the deadline has been extended after conducting a review.  
LPG cylinder price increased: Oil Marketing Companies (OMCs) on Saturday increased the prices of commercial LPG gas cylinders, sources have informed.
Industry body Indian Biogas Association (IBA) said the trade body expects around Rs 1,500 crore investment announcement in the biogas segment during the 3-day long Renewable Energy India Expo 2023 (REI). 
Gross GST collections in September 2023 stood at Rs 1,62,712 crore, which is 10 per cent higher as compared to last year, according to the data released by the Finance Ministry on Sunday. It is the fourth time that the gross GST collection has crossed the Rs 1.60 lakh crore mark in the current FY 2023-24. Notably, the gross GST revenue collected last month was Rs 1,62,712 crore.
Vistara on Sunday started direct flights from New Delhi to the capital of the Maldives, Male. Additionally, Air India has announced that it will launch non-stop services between Kochi and Doha starting from October 23. Both airlines are part of the Tata Group.
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