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

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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.

MGL slashes CNG prices in Mumbai, Check new rates here

Monday 02 October 2023 07:34 AM UTC+00
As a relief for consumers, Mahanagar Gas Ltd (MLG) reduced the prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Mumbai and adjoining municipalities on Monday. 
Diesel sales in India fell 3 per cent in September as a receding monsoon continued to dampen demand and slowed industrial activity in some parts of the country, preliminary data of state-owned firms showed. While diesel sales by three state-owned fuel retailers fell year-on-year, petrol sales rose in September.

Coal India production rises 12.6% in September

Monday 02 October 2023 09:23 AM UTC+00
State-owned CIL on Monday reported a 12.6 per cent year-on-year rise in coal production to 51.4 million tonnes (MT) last month.
IQuest Enterprises, a multi-sector investment company, on Monday said it has entered into a definitive agreement to acquire the API (active pharmaceutical ingredient) operations of global pharmaceutical major Viatris in India. A press release from IQuest said it emerged as the preferred investor following a global competitive bid.
Indian stock markets opened on a negative note on Tuesday, with the benchmark index, Sensex, declining by 317 points. At the opening bell, the Sensex stood at 65,511, while the broader Nifty index was at 19,537. This downward trend in the stock market reflects cautious sentiment among investors.
Shares of Vedanta Ltd witnessed a notable surge of 5 percent on Tuesday, following a significant announcement regarding a major business shake-up. At the Bombay Stock Exchange (BSE), the stock experienced a robust increase of 4.98 percent, reaching a price of Rs 233.60. On the National Stock Exchange (NSE), it climbed by 5 percent, reaching Rs 233.75.
The World Bank has decided to retain its GDP growth projection for India in the financial year 2023-24 at 6.3 percent. In its latest India Development Update (IDU), a semi-annual report on the Indian economy, the World Bank noted that India has demonstrated resilience amidst a challenging global environment. Earlier this year, the World Bank had revised India's growth forecast for 2023-24 from 6.6 percent to 6.3 percent in its April report.
State-run power giant NTPC on Tuesday reported an 83 per cent rise in coal production in April-September period of this financial year, compared to a year ago. NTPC Ltd has reported a substantial growth of 83 per cent in coal production from its captive mines during H1 FY 2023-24, as compared to the corresponding period in the previous year, a company statement said.
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.

MGL slashes CNG prices in Mumbai, Check new rates here

Monday 02 October 2023 07:34 AM UTC+00
As a relief for consumers, Mahanagar Gas Ltd (MLG) reduced the prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Mumbai and adjoining municipalities on Monday. 
Diesel sales in India fell 3 per cent in September as a receding monsoon continued to dampen demand and slowed industrial activity in some parts of the country, preliminary data of state-owned firms showed. While diesel sales by three state-owned fuel retailers fell year-on-year, petrol sales rose in September.

Coal India production rises 12.6% in September

Monday 02 October 2023 09:23 AM UTC+00
State-owned CIL on Monday reported a 12.6 per cent year-on-year rise in coal production to 51.4 million tonnes (MT) last month.
IQuest Enterprises, a multi-sector investment company, on Monday said it has entered into a definitive agreement to acquire the API (active pharmaceutical ingredient) operations of global pharmaceutical major Viatris in India. A press release from IQuest said it emerged as the preferred investor following a global competitive bid.
Indian stock markets opened on a negative note on Tuesday, with the benchmark index, Sensex, declining by 317 points. At the opening bell, the Sensex stood at 65,511, while the broader Nifty index was at 19,537. This downward trend in the stock market reflects cautious sentiment among investors.
Shares of Vedanta Ltd witnessed a notable surge of 5 percent on Tuesday, following a significant announcement regarding a major business shake-up. At the Bombay Stock Exchange (BSE), the stock experienced a robust increase of 4.98 percent, reaching a price of Rs 233.60. On the National Stock Exchange (NSE), it climbed by 5 percent, reaching Rs 233.75.
The World Bank has decided to retain its GDP growth projection for India in the financial year 2023-24 at 6.3 percent. In its latest India Development Update (IDU), a semi-annual report on the Indian economy, the World Bank noted that India has demonstrated resilience amidst a challenging global environment. Earlier this year, the World Bank had revised India's growth forecast for 2023-24 from 6.6 percent to 6.3 percent in its April report.
State-run power giant NTPC on Tuesday reported an 83 per cent rise in coal production in April-September period of this financial year, compared to a year ago. NTPC Ltd has reported a substantial growth of 83 per cent in coal production from its captive mines during H1 FY 2023-24, as compared to the corresponding period in the previous year, a company statement said.
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.

MGL slashes CNG prices in Mumbai, Check new rates here

Monday 02 October 2023 07:34 AM UTC+00
As a relief for consumers, Mahanagar Gas Ltd (MLG) reduced the prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Mumbai and adjoining municipalities on Monday. 
Diesel sales in India fell 3 per cent in September as a receding monsoon continued to dampen demand and slowed industrial activity in some parts of the country, preliminary data of state-owned firms showed. While diesel sales by three state-owned fuel retailers fell year-on-year, petrol sales rose in September.

Coal India production rises 12.6% in September

Monday 02 October 2023 09:23 AM UTC+00
State-owned CIL on Monday reported a 12.6 per cent year-on-year rise in coal production to 51.4 million tonnes (MT) last month.
IQuest Enterprises, a multi-sector investment company, on Monday said it has entered into a definitive agreement to acquire the API (active pharmaceutical ingredient) operations of global pharmaceutical major Viatris in India. A press release from IQuest said it emerged as the preferred investor following a global competitive bid.
Indian stock markets opened on a negative note on Tuesday, with the benchmark index, Sensex, declining by 317 points. At the opening bell, the Sensex stood at 65,511, while the broader Nifty index was at 19,537. This downward trend in the stock market reflects cautious sentiment among investors.
Shares of Vedanta Ltd witnessed a notable surge of 5 percent on Tuesday, following a significant announcement regarding a major business shake-up. At the Bombay Stock Exchange (BSE), the stock experienced a robust increase of 4.98 percent, reaching a price of Rs 233.60. On the National Stock Exchange (NSE), it climbed by 5 percent, reaching Rs 233.75.
The World Bank has decided to retain its GDP growth projection for India in the financial year 2023-24 at 6.3 percent. In its latest India Development Update (IDU), a semi-annual report on the Indian economy, the World Bank noted that India has demonstrated resilience amidst a challenging global environment. Earlier this year, the World Bank had revised India's growth forecast for 2023-24 from 6.6 percent to 6.3 percent in its April report.
State-run power giant NTPC on Tuesday reported an 83 per cent rise in coal production in April-September period of this financial year, compared to a year ago. NTPC Ltd has reported a substantial growth of 83 per cent in coal production from its captive mines during H1 FY 2023-24, as compared to the corresponding period in the previous year, a company statement said.
Early trading in Indian equity markets witnessed a significant downturn today, primarily influenced by the decline in sectors such as banks, financials, technology, metals, and energy stocks.

Coal India production rises 12.6% in September

Monday 02 October 2023 09:23 AM UTC+00
State-owned CIL on Monday reported a 12.6 per cent year-on-year rise in coal production to 51.4 million tonnes (MT) last month.
IQuest Enterprises, a multi-sector investment company, on Monday said it has entered into a definitive agreement to acquire the API (active pharmaceutical ingredient) operations of global pharmaceutical major Viatris in India. A press release from IQuest said it emerged as the preferred investor following a global competitive bid.
Indian stock markets opened on a negative note on Tuesday, with the benchmark index, Sensex, declining by 317 points. At the opening bell, the Sensex stood at 65,511, while the broader Nifty index was at 19,537. This downward trend in the stock market reflects cautious sentiment among investors.
Shares of Vedanta Ltd witnessed a notable surge of 5 percent on Tuesday, following a significant announcement regarding a major business shake-up. At the Bombay Stock Exchange (BSE), the stock experienced a robust increase of 4.98 percent, reaching a price of Rs 233.60. On the National Stock Exchange (NSE), it climbed by 5 percent, reaching Rs 233.75.
The World Bank has decided to retain its GDP growth projection for India in the financial year 2023-24 at 6.3 percent. In its latest India Development Update (IDU), a semi-annual report on the Indian economy, the World Bank noted that India has demonstrated resilience amidst a challenging global environment. Earlier this year, the World Bank had revised India's growth forecast for 2023-24 from 6.6 percent to 6.3 percent in its April report.
State-run power giant NTPC on Tuesday reported an 83 per cent rise in coal production in April-September period of this financial year, compared to a year ago. NTPC Ltd has reported a substantial growth of 83 per cent in coal production from its captive mines during H1 FY 2023-24, as compared to the corresponding period in the previous year, a company statement said.
Early trading in Indian equity markets witnessed a significant downturn today, primarily influenced by the decline in sectors such as banks, financials, technology, metals, and energy stocks.
RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Wednesday amid expectations of a status quo on the rate front in its bi-monthly monetary policy review. The policy review will be announced on Friday morning. In case of a status quo, interest rates for retail, as well as corporate borrowers, would remain stable. Experts believe that the Reserve Bank will retain the benchmark rate at 6.5 per cent in view of the elevated inflation and global factors.
Today marks World Financial Planning Day 2023, a globally recognised occasion dedicated to promoting financial literacy and responsible money management. As individuals and families navigate the complex landscape of personal finances, here are five expert tips to help you settle your money matters and achieve financial well-being:

LPG cylinders subsidy raised under Pradhan Mantri Ujjwala Yojana

Wednesday 04 October 2023 09:57 AM UTC+00
LPG cylinders subsidy raised under Pradhan Mantri Ujjwala Yojana
IQuest Enterprises, a multi-sector investment company, on Monday said it has entered into a definitive agreement to acquire the API (active pharmaceutical ingredient) operations of global pharmaceutical major Viatris in India. A press release from IQuest said it emerged as the preferred investor following a global competitive bid.
Indian stock markets opened on a negative note on Tuesday, with the benchmark index, Sensex, declining by 317 points. At the opening bell, the Sensex stood at 65,511, while the broader Nifty index was at 19,537. This downward trend in the stock market reflects cautious sentiment among investors.
Shares of Vedanta Ltd witnessed a notable surge of 5 percent on Tuesday, following a significant announcement regarding a major business shake-up. At the Bombay Stock Exchange (BSE), the stock experienced a robust increase of 4.98 percent, reaching a price of Rs 233.60. On the National Stock Exchange (NSE), it climbed by 5 percent, reaching Rs 233.75.
The World Bank has decided to retain its GDP growth projection for India in the financial year 2023-24 at 6.3 percent. In its latest India Development Update (IDU), a semi-annual report on the Indian economy, the World Bank noted that India has demonstrated resilience amidst a challenging global environment. Earlier this year, the World Bank had revised India's growth forecast for 2023-24 from 6.6 percent to 6.3 percent in its April report.
State-run power giant NTPC on Tuesday reported an 83 per cent rise in coal production in April-September period of this financial year, compared to a year ago. NTPC Ltd has reported a substantial growth of 83 per cent in coal production from its captive mines during H1 FY 2023-24, as compared to the corresponding period in the previous year, a company statement said.
Early trading in Indian equity markets witnessed a significant downturn today, primarily influenced by the decline in sectors such as banks, financials, technology, metals, and energy stocks.
RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Wednesday amid expectations of a status quo on the rate front in its bi-monthly monetary policy review. The policy review will be announced on Friday morning. In case of a status quo, interest rates for retail, as well as corporate borrowers, would remain stable. Experts believe that the Reserve Bank will retain the benchmark rate at 6.5 per cent in view of the elevated inflation and global factors.
Today marks World Financial Planning Day 2023, a globally recognised occasion dedicated to promoting financial literacy and responsible money management. As individuals and families navigate the complex landscape of personal finances, here are five expert tips to help you settle your money matters and achieve financial well-being:
LPG cylinder subsidy: The government today (October 4) hiked the subsidy paid to poor women who got cooking gas connections under the Ujjwala scheme, to Rs 300 per cylinder from the current Rs 200, Union Minister Anurag Thakur said.
The Reserve Bank of India on Wednesday appointed Muneesh Kapur as its Executive Director (ED) with effect from October 3. In a statement, the central bank said that he would look after the Department of Economic and Policy Research. 
IQuest Enterprises, a multi-sector investment company, on Monday said it has entered into a definitive agreement to acquire the API (active pharmaceutical ingredient) operations of global pharmaceutical major Viatris in India. A press release from IQuest said it emerged as the preferred investor following a global competitive bid.
Indian stock markets opened on a negative note on Tuesday, with the benchmark index, Sensex, declining by 317 points. At the opening bell, the Sensex stood at 65,511, while the broader Nifty index was at 19,537. This downward trend in the stock market reflects cautious sentiment among investors.
Shares of Vedanta Ltd witnessed a notable surge of 5 percent on Tuesday, following a significant announcement regarding a major business shake-up. At the Bombay Stock Exchange (BSE), the stock experienced a robust increase of 4.98 percent, reaching a price of Rs 233.60. On the National Stock Exchange (NSE), it climbed by 5 percent, reaching Rs 233.75.
The World Bank has decided to retain its GDP growth projection for India in the financial year 2023-24 at 6.3 percent. In its latest India Development Update (IDU), a semi-annual report on the Indian economy, the World Bank noted that India has demonstrated resilience amidst a challenging global environment. Earlier this year, the World Bank had revised India's growth forecast for 2023-24 from 6.6 percent to 6.3 percent in its April report.
State-run power giant NTPC on Tuesday reported an 83 per cent rise in coal production in April-September period of this financial year, compared to a year ago. NTPC Ltd has reported a substantial growth of 83 per cent in coal production from its captive mines during H1 FY 2023-24, as compared to the corresponding period in the previous year, a company statement said.
Early trading in Indian equity markets witnessed a significant downturn today, primarily influenced by the decline in sectors such as banks, financials, technology, metals, and energy stocks.
RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Wednesday amid expectations of a status quo on the rate front in its bi-monthly monetary policy review. The policy review will be announced on Friday morning. In case of a status quo, interest rates for retail, as well as corporate borrowers, would remain stable. Experts believe that the Reserve Bank will retain the benchmark rate at 6.5 per cent in view of the elevated inflation and global factors.
Today marks World Financial Planning Day 2023, a globally recognised occasion dedicated to promoting financial literacy and responsible money management. As individuals and families navigate the complex landscape of personal finances, here are five expert tips to help you settle your money matters and achieve financial well-being:
LPG cylinder subsidy: The government today (October 4) hiked the subsidy paid to poor women who got cooking gas connections under the Ujjwala scheme, to Rs 300 per cylinder from the current Rs 200, Union Minister Anurag Thakur said.
The Reserve Bank of India on Wednesday appointed Muneesh Kapur as its Executive Director (ED) with effect from October 3. In a statement, the central bank said that he would look after the Department of Economic and Policy Research. 
IQuest Enterprises, a multi-sector investment company, on Monday said it has entered into a definitive agreement to acquire the API (active pharmaceutical ingredient) operations of global pharmaceutical major Viatris in India. A press release from IQuest said it emerged as the preferred investor following a global competitive bid.
Indian stock markets opened on a negative note on Tuesday, with the benchmark index, Sensex, declining by 317 points. At the opening bell, the Sensex stood at 65,511, while the broader Nifty index was at 19,537. This downward trend in the stock market reflects cautious sentiment among investors.
Shares of Vedanta Ltd witnessed a notable surge of 5 percent on Tuesday, following a significant announcement regarding a major business shake-up. At the Bombay Stock Exchange (BSE), the stock experienced a robust increase of 4.98 percent, reaching a price of Rs 233.60. On the National Stock Exchange (NSE), it climbed by 5 percent, reaching Rs 233.75.
The World Bank has decided to retain its GDP growth projection for India in the financial year 2023-24 at 6.3 percent. In its latest India Development Update (IDU), a semi-annual report on the Indian economy, the World Bank noted that India has demonstrated resilience amidst a challenging global environment. Earlier this year, the World Bank had revised India's growth forecast for 2023-24 from 6.6 percent to 6.3 percent in its April report.
State-run power giant NTPC on Tuesday reported an 83 per cent rise in coal production in April-September period of this financial year, compared to a year ago. NTPC Ltd has reported a substantial growth of 83 per cent in coal production from its captive mines during H1 FY 2023-24, as compared to the corresponding period in the previous year, a company statement said.
Early trading in Indian equity markets witnessed a significant downturn today, primarily influenced by the decline in sectors such as banks, financials, technology, metals, and energy stocks.
RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Wednesday amid expectations of a status quo on the rate front in its bi-monthly monetary policy review. The policy review will be announced on Friday morning. In case of a status quo, interest rates for retail, as well as corporate borrowers, would remain stable. Experts believe that the Reserve Bank will retain the benchmark rate at 6.5 per cent in view of the elevated inflation and global factors.
Today marks World Financial Planning Day 2023, a globally recognised occasion dedicated to promoting financial literacy and responsible money management. As individuals and families navigate the complex landscape of personal finances, here are five expert tips to help you settle your money matters and achieve financial well-being:
LPG cylinder subsidy: The government today (October 4) hiked the subsidy paid to poor women who got cooking gas connections under the Ujjwala scheme, to Rs 300 per cylinder from the current Rs 200, Union Minister Anurag Thakur said.
The Reserve Bank of India on Wednesday appointed Muneesh Kapur as its Executive Director (ED) with effect from October 3. In a statement, the central bank said that he would look after the Department of Economic and Policy Research. 
IQuest Enterprises, a multi-sector investment company, on Monday said it has entered into a definitive agreement to acquire the API (active pharmaceutical ingredient) operations of global pharmaceutical major Viatris in India. A press release from IQuest said it emerged as the preferred investor following a global competitive bid.
Indian stock markets opened on a negative note on Tuesday, with the benchmark index, Sensex, declining by 317 points. At the opening bell, the Sensex stood at 65,511, while the broader Nifty index was at 19,537. This downward trend in the stock market reflects cautious sentiment among investors.
Shares of Vedanta Ltd witnessed a notable surge of 5 percent on Tuesday, following a significant announcement regarding a major business shake-up. At the Bombay Stock Exchange (BSE), the stock experienced a robust increase of 4.98 percent, reaching a price of Rs 233.60. On the National Stock Exchange (NSE), it climbed by 5 percent, reaching Rs 233.75.
The World Bank has decided to retain its GDP growth projection for India in the financial year 2023-24 at 6.3 percent. In its latest India Development Update (IDU), a semi-annual report on the Indian economy, the World Bank noted that India has demonstrated resilience amidst a challenging global environment. Earlier this year, the World Bank had revised India's growth forecast for 2023-24 from 6.6 percent to 6.3 percent in its April report.
State-run power giant NTPC on Tuesday reported an 83 per cent rise in coal production in April-September period of this financial year, compared to a year ago. NTPC Ltd has reported a substantial growth of 83 per cent in coal production from its captive mines during H1 FY 2023-24, as compared to the corresponding period in the previous year, a company statement said.
Early trading in Indian equity markets witnessed a significant downturn today, primarily influenced by the decline in sectors such as banks, financials, technology, metals, and energy stocks.
RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Wednesday amid expectations of a status quo on the rate front in its bi-monthly monetary policy review. The policy review will be announced on Friday morning. In case of a status quo, interest rates for retail, as well as corporate borrowers, would remain stable. Experts believe that the Reserve Bank will retain the benchmark rate at 6.5 per cent in view of the elevated inflation and global factors.
Today marks World Financial Planning Day 2023, a globally recognised occasion dedicated to promoting financial literacy and responsible money management. As individuals and families navigate the complex landscape of personal finances, here are five expert tips to help you settle your money matters and achieve financial well-being:
LPG cylinder subsidy: The government today (October 4) hiked the subsidy paid to poor women who got cooking gas connections under the Ujjwala scheme, to Rs 300 per cylinder from the current Rs 200, Union Minister Anurag Thakur said.
The Reserve Bank of India on Wednesday appointed Muneesh Kapur as its Executive Director (ED) with effect from October 3. In a statement, the central bank said that he would look after the Department of Economic and Policy Research. 
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