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IndiaTV Business: Google News Feed: Digest for November 11, 2023

IndiaTV Business: Google News Feed

IndiaTV: Business RSS Feed

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Ujjwala Yojana: There is good news for the beneficiaries of Pradhan Mantri Ujjwala Yojana ahead of Diwali. According to media reports, they would get more subidies on the LPG cylinders. The sources said the government is preparing to provide relief to the beneficiaries of the scheme (Ujjwala Yojana) before the Lok Sabha elections next year and amidst festival season.
Banks' advances to Non-Banking Financial Companies (NBFCs) in the second quarter continued to grow at a robust pace. The credit exposure of banks to NBFCs stood at Rs 14.2 lakh crore in the September 2023 quarter, indicating a 26.3 per cent year-on-year growth.
Business news: As Indian markets scaled new highs this financial year, the market capitalisation (m-cap) of 11 companies crossed the Rs 1 trillion-mark over the past seven months, joining the club with 46 others, says a report of The Financial Express.
Amazon layoffs: Amazon.com Inc. has begun cutting jobs in its Music division including its audio streaming platform and digital music storefront, as part of CEO Andy Jassy's efforts to cut costs across the company. It is still not clear how many jobs have been eliminated, however, employees in various countries received notices of layoffs on Wednesday. 
Business news: Capital markets regulator Securities and Exchange Board of India (SEBI) on Wednesday (November 8) came out with detailed procedures for dealing with unclaimed funds of investors lying with entities having listed non-convertible securities, REITs and InvITs.
New Delhi: The Central government directed online travel platforms to process pending refunds to customers related to air ticket bookings during the COVID-19 pandemic lockdown period by the third week of November.

Market ends flat with minor cuts as Adani Enterprises, HUL drag

Thursday 09 November 2023 10:46 AM UTC+00
 
Multibagger stock IFL Enterprises has seen a sharp rebound ever since it announced a double bonanza of bonus shares and dividends. Post this, promoters have announced to increase stake by 2 per cent to 9 per cent in the next 4 to 6 quarters. According to a statement on BSE, the multibagger stock has announced that for every ten existing fully paid-up equity shares of Rs 1 each, shareholders will be granted one new bonus equity share. This strategic move aims to reward existing shareholders while also attracting new investors.
The impact of the pandemic on the acceleration of digital transformation is visible. India is at the vanguard of the digital revolution and its financial inclusion journey is an example for other developing countries to look at. As the government continues its work to create a modern digital infrastructure to ensure benefits of the digital revolution reach everyone, it had August this year approved the extension of the Digital India programme with an outlay of Rs 14,903 crore to boost digital initiatives.
The Bombay High Court has ruled in favour of Vodafone Idea Limited, directing the Income Tax department to refund Rs. 1,128 crore paid by the telecom giant for the assessment year 2016-2017. The court deemed the assessment order passed in August this year as "time-barred" and criticised the assessing officer for "laxity and lethargy," causing a substantial loss to the exchequer. The judgment underscored the officer's negligence, stating it has repercussions on the nation's economic stability. 
Banks' advances to Non-Banking Financial Companies (NBFCs) in the second quarter continued to grow at a robust pace. The credit exposure of banks to NBFCs stood at Rs 14.2 lakh crore in the September 2023 quarter, indicating a 26.3 per cent year-on-year growth.
Business news: As Indian markets scaled new highs this financial year, the market capitalisation (m-cap) of 11 companies crossed the Rs 1 trillion-mark over the past seven months, joining the club with 46 others, says a report of The Financial Express.
Amazon layoffs: Amazon.com Inc. has begun cutting jobs in its Music division including its audio streaming platform and digital music storefront, as part of CEO Andy Jassy's efforts to cut costs across the company. It is still not clear how many jobs have been eliminated, however, employees in various countries received notices of layoffs on Wednesday. 
Business news: Capital markets regulator Securities and Exchange Board of India (SEBI) on Wednesday (November 8) came out with detailed procedures for dealing with unclaimed funds of investors lying with entities having listed non-convertible securities, REITs and InvITs.
New Delhi: The Central government directed online travel platforms to process pending refunds to customers related to air ticket bookings during the COVID-19 pandemic lockdown period by the third week of November.

Market ends flat with minor cuts as Adani Enterprises, HUL drag

Thursday 09 November 2023 10:46 AM UTC+00
 
Multibagger stock IFL Enterprises has seen a sharp rebound ever since it announced a double bonanza of bonus shares and dividends. Post this, promoters have announced to increase stake by 2 per cent to 9 per cent in the next 4 to 6 quarters. According to a statement on BSE, the multibagger stock has announced that for every ten existing fully paid-up equity shares of Rs 1 each, shareholders will be granted one new bonus equity share. This strategic move aims to reward existing shareholders while also attracting new investors.
The impact of the pandemic on the acceleration of digital transformation is visible. India is at the vanguard of the digital revolution and its financial inclusion journey is an example for other developing countries to look at. As the government continues its work to create a modern digital infrastructure to ensure benefits of the digital revolution reach everyone, it had August this year approved the extension of the Digital India programme with an outlay of Rs 14,903 crore to boost digital initiatives.
The Bombay High Court has ruled in favour of Vodafone Idea Limited, directing the Income Tax department to refund Rs. 1,128 crore paid by the telecom giant for the assessment year 2016-2017. The court deemed the assessment order passed in August this year as "time-barred" and criticised the assessing officer for "laxity and lethargy," causing a substantial loss to the exchequer. The judgment underscored the officer's negligence, stating it has repercussions on the nation's economic stability. 
As many as 11.5 crore PAN cards were deactivated for not being linked to Aadhar cards within the deadline, according to an RTI reply by the Central Board of Direct Taxes (CBDT). The deadline for linking PAN card with Aadhar expired on June 30 this year. Out of the total 70.24 crore PAN card holders in the country, 57.25 people linked their PAN cards to Aadhar. According to the RTI reply, more than 12 crore PAN cards have not been linked to Aadhar, out of which 11.5 crore cards have been deactivated.
Business news: As Indian markets scaled new highs this financial year, the market capitalisation (m-cap) of 11 companies crossed the Rs 1 trillion-mark over the past seven months, joining the club with 46 others, says a report of The Financial Express.
Business news: Capital markets regulator Securities and Exchange Board of India (SEBI) on Wednesday (November 8) came out with detailed procedures for dealing with unclaimed funds of investors lying with entities having listed non-convertible securities, REITs and InvITs.
New Delhi: The Central government directed online travel platforms to process pending refunds to customers related to air ticket bookings during the COVID-19 pandemic lockdown period by the third week of November.

Market ends flat with minor cuts as Adani Enterprises, HUL drag

Thursday 09 November 2023 10:46 AM UTC+00
 
Multibagger stock IFL Enterprises has seen a sharp rebound ever since it announced a double bonanza of bonus shares and dividends. Post this, promoters have announced to increase stake by 2 per cent to 9 per cent in the next 4 to 6 quarters. According to a statement on BSE, the multibagger stock has announced that for every ten existing fully paid-up equity shares of Rs 1 each, shareholders will be granted one new bonus equity share. This strategic move aims to reward existing shareholders while also attracting new investors.
The impact of the pandemic on the acceleration of digital transformation is visible. India is at the vanguard of the digital revolution and its financial inclusion journey is an example for other developing countries to look at. As the government continues its work to create a modern digital infrastructure to ensure benefits of the digital revolution reach everyone, it had August this year approved the extension of the Digital India programme with an outlay of Rs 14,903 crore to boost digital initiatives.
The Bombay High Court has ruled in favour of Vodafone Idea Limited, directing the Income Tax department to refund Rs. 1,128 crore paid by the telecom giant for the assessment year 2016-2017. The court deemed the assessment order passed in August this year as "time-barred" and criticised the assessing officer for "laxity and lethargy," causing a substantial loss to the exchequer. The judgment underscored the officer's negligence, stating it has repercussions on the nation's economic stability. 
As many as 11.5 crore PAN cards were deactivated for not being linked to Aadhar cards within the deadline, according to an RTI reply by the Central Board of Direct Taxes (CBDT). The deadline for linking PAN card with Aadhar expired on June 30 this year. Out of the total 70.24 crore PAN card holders in the country, 57.25 people linked their PAN cards to Aadhar. According to the RTI reply, more than 12 crore PAN cards have not been linked to Aadhar, out of which 11.5 crore cards have been deactivated.
Bank holidays: India is currently drowned in the euphoria of the festive season as several big festivals are lined up. Occasions like Dhanteras, Diwali, Bhaiya Dooj and Chhath Puja will be celebrated across the country in the coming days. In view of this, banks across several states will remain closed for six days starting with Dhanteras - November 10, and ending with Bhai Dooj - November 15. However, internet banking services will remain operational during this period. 
New Delhi: Air India has become the world's first airline to successfully deploy a Generative AI virtual agent 'Maharaja', the airline said in a statement on Friday.  The agent is powered by Microsoft's Azure OpenAI service. 
Business news: Capital markets regulator Securities and Exchange Board of India (SEBI) on Wednesday (November 8) came out with detailed procedures for dealing with unclaimed funds of investors lying with entities having listed non-convertible securities, REITs and InvITs.
New Delhi: The Central government directed online travel platforms to process pending refunds to customers related to air ticket bookings during the COVID-19 pandemic lockdown period by the third week of November.

Market ends flat with minor cuts as Adani Enterprises, HUL drag

Thursday 09 November 2023 10:46 AM UTC+00
 
Multibagger stock IFL Enterprises has seen a sharp rebound ever since it announced a double bonanza of bonus shares and dividends. Post this, promoters have announced to increase stake by 2 per cent to 9 per cent in the next 4 to 6 quarters. According to a statement on BSE, the multibagger stock has announced that for every ten existing fully paid-up equity shares of Rs 1 each, shareholders will be granted one new bonus equity share. This strategic move aims to reward existing shareholders while also attracting new investors.
The impact of the pandemic on the acceleration of digital transformation is visible. India is at the vanguard of the digital revolution and its financial inclusion journey is an example for other developing countries to look at. As the government continues its work to create a modern digital infrastructure to ensure benefits of the digital revolution reach everyone, it had August this year approved the extension of the Digital India programme with an outlay of Rs 14,903 crore to boost digital initiatives.
The Bombay High Court has ruled in favour of Vodafone Idea Limited, directing the Income Tax department to refund Rs. 1,128 crore paid by the telecom giant for the assessment year 2016-2017. The court deemed the assessment order passed in August this year as "time-barred" and criticised the assessing officer for "laxity and lethargy," causing a substantial loss to the exchequer. The judgment underscored the officer's negligence, stating it has repercussions on the nation's economic stability. 
As many as 11.5 crore PAN cards were deactivated for not being linked to Aadhar cards within the deadline, according to an RTI reply by the Central Board of Direct Taxes (CBDT). The deadline for linking PAN card with Aadhar expired on June 30 this year. Out of the total 70.24 crore PAN card holders in the country, 57.25 people linked their PAN cards to Aadhar. According to the RTI reply, more than 12 crore PAN cards have not been linked to Aadhar, out of which 11.5 crore cards have been deactivated.
Bank holidays: India is currently drowned in the euphoria of the festive season as several big festivals are lined up. Occasions like Dhanteras, Diwali, Bhaiya Dooj and Chhath Puja will be celebrated across the country in the coming days. In view of this, banks across several states will remain closed for six days starting with Dhanteras - November 10, and ending with Bhai Dooj - November 15. However, internet banking services will remain operational during this period. 
New Delhi: Air India has become the world's first airline to successfully deploy a Generative AI virtual agent 'Maharaja', the airline said in a statement on Friday.  The agent is powered by Microsoft's Azure OpenAI service. 
Provident Fund: Ahead of the Diwali festival, the Employees' Provident Fund Organisation (EPFO) has started crediting the interest to the respective Provident Fund (PF) accounts, said the government body in an official statement. 

Market ends flat with minor cuts as Adani Enterprises, HUL drag

Thursday 09 November 2023 10:46 AM UTC+00
 
Multibagger stock IFL Enterprises has seen a sharp rebound ever since it announced a double bonanza of bonus shares and dividends. Post this, promoters have announced to increase stake by 2 per cent to 9 per cent in the next 4 to 6 quarters. According to a statement on BSE, the multibagger stock has announced that for every ten existing fully paid-up equity shares of Rs 1 each, shareholders will be granted one new bonus equity share. This strategic move aims to reward existing shareholders while also attracting new investors.
The impact of the pandemic on the acceleration of digital transformation is visible. India is at the vanguard of the digital revolution and its financial inclusion journey is an example for other developing countries to look at. As the government continues its work to create a modern digital infrastructure to ensure benefits of the digital revolution reach everyone, it had August this year approved the extension of the Digital India programme with an outlay of Rs 14,903 crore to boost digital initiatives.
The Bombay High Court has ruled in favour of Vodafone Idea Limited, directing the Income Tax department to refund Rs. 1,128 crore paid by the telecom giant for the assessment year 2016-2017. The court deemed the assessment order passed in August this year as "time-barred" and criticised the assessing officer for "laxity and lethargy," causing a substantial loss to the exchequer. The judgment underscored the officer's negligence, stating it has repercussions on the nation's economic stability. 
As many as 11.5 crore PAN cards were deactivated for not being linked to Aadhar cards within the deadline, according to an RTI reply by the Central Board of Direct Taxes (CBDT). The deadline for linking PAN card with Aadhar expired on June 30 this year. Out of the total 70.24 crore PAN card holders in the country, 57.25 people linked their PAN cards to Aadhar. According to the RTI reply, more than 12 crore PAN cards have not been linked to Aadhar, out of which 11.5 crore cards have been deactivated.
Bank holidays: India is currently drowned in the euphoria of the festive season as several big festivals are lined up. Occasions like Dhanteras, Diwali, Bhaiya Dooj and Chhath Puja will be celebrated across the country in the coming days. In view of this, banks across several states will remain closed for six days starting with Dhanteras - November 10, and ending with Bhai Dooj - November 15. However, internet banking services will remain operational during this period. 
New Delhi: Air India has become the world's first airline to successfully deploy a Generative AI virtual agent 'Maharaja', the airline said in a statement on Friday.  The agent is powered by Microsoft's Azure OpenAI service. 
Provident Fund: Ahead of the Diwali festival, the Employees' Provident Fund Organisation (EPFO) has started crediting the interest to the respective Provident Fund (PF) accounts, said the government body in an official statement. 
Amid strong global cues, gold prices recovered sharply by Rs 250 to Rs 61,200 per 10 grams in Delhi on Friday - ending its four-day losing streak on Dhanteras. In the previous trade, the precious metal had finished at Rs 60,950 per 10 grams.
The Life Insurance Corporation of India (LIC) on Friday reported a 50 per cent decline in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income. The country's biggest insurer had a net profit of Rs 15,952 crore in the year-ago period, LIC said in a regulatory filing.

Market ends flat with minor cuts as Adani Enterprises, HUL drag

Thursday 09 November 2023 10:46 AM UTC+00
 
Multibagger stock IFL Enterprises has seen a sharp rebound ever since it announced a double bonanza of bonus shares and dividends. Post this, promoters have announced to increase stake by 2 per cent to 9 per cent in the next 4 to 6 quarters. According to a statement on BSE, the multibagger stock has announced that for every ten existing fully paid-up equity shares of Rs 1 each, shareholders will be granted one new bonus equity share. This strategic move aims to reward existing shareholders while also attracting new investors.
The impact of the pandemic on the acceleration of digital transformation is visible. India is at the vanguard of the digital revolution and its financial inclusion journey is an example for other developing countries to look at. As the government continues its work to create a modern digital infrastructure to ensure benefits of the digital revolution reach everyone, it had August this year approved the extension of the Digital India programme with an outlay of Rs 14,903 crore to boost digital initiatives.
The Bombay High Court has ruled in favour of Vodafone Idea Limited, directing the Income Tax department to refund Rs. 1,128 crore paid by the telecom giant for the assessment year 2016-2017. The court deemed the assessment order passed in August this year as "time-barred" and criticised the assessing officer for "laxity and lethargy," causing a substantial loss to the exchequer. The judgment underscored the officer's negligence, stating it has repercussions on the nation's economic stability. 
As many as 11.5 crore PAN cards were deactivated for not being linked to Aadhar cards within the deadline, according to an RTI reply by the Central Board of Direct Taxes (CBDT). The deadline for linking PAN card with Aadhar expired on June 30 this year. Out of the total 70.24 crore PAN card holders in the country, 57.25 people linked their PAN cards to Aadhar. According to the RTI reply, more than 12 crore PAN cards have not been linked to Aadhar, out of which 11.5 crore cards have been deactivated.
Bank holidays: India is currently drowned in the euphoria of the festive season as several big festivals are lined up. Occasions like Dhanteras, Diwali, Bhaiya Dooj and Chhath Puja will be celebrated across the country in the coming days. In view of this, banks across several states will remain closed for six days starting with Dhanteras - November 10, and ending with Bhai Dooj - November 15. However, internet banking services will remain operational during this period. 
New Delhi: Air India has become the world's first airline to successfully deploy a Generative AI virtual agent 'Maharaja', the airline said in a statement on Friday.  The agent is powered by Microsoft's Azure OpenAI service. 
Provident Fund: Ahead of the Diwali festival, the Employees' Provident Fund Organisation (EPFO) has started crediting the interest to the respective Provident Fund (PF) accounts, said the government body in an official statement. 
Amid strong global cues, gold prices recovered sharply by Rs 250 to Rs 61,200 per 10 grams in Delhi on Friday - ending its four-day losing streak on Dhanteras. In the previous trade, the precious metal had finished at Rs 60,950 per 10 grams.
The Life Insurance Corporation of India (LIC) on Friday reported a 50 per cent decline in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income. The country's biggest insurer had a net profit of Rs 15,952 crore in the year-ago period, LIC said in a regulatory filing.

Market ends flat with minor cuts as Adani Enterprises, HUL drag

Thursday 09 November 2023 10:46 AM UTC+00
 
Multibagger stock IFL Enterprises has seen a sharp rebound ever since it announced a double bonanza of bonus shares and dividends. Post this, promoters have announced to increase stake by 2 per cent to 9 per cent in the next 4 to 6 quarters. According to a statement on BSE, the multibagger stock has announced that for every ten existing fully paid-up equity shares of Rs 1 each, shareholders will be granted one new bonus equity share. This strategic move aims to reward existing shareholders while also attracting new investors.
The impact of the pandemic on the acceleration of digital transformation is visible. India is at the vanguard of the digital revolution and its financial inclusion journey is an example for other developing countries to look at. As the government continues its work to create a modern digital infrastructure to ensure benefits of the digital revolution reach everyone, it had August this year approved the extension of the Digital India programme with an outlay of Rs 14,903 crore to boost digital initiatives.
The Bombay High Court has ruled in favour of Vodafone Idea Limited, directing the Income Tax department to refund Rs. 1,128 crore paid by the telecom giant for the assessment year 2016-2017. The court deemed the assessment order passed in August this year as "time-barred" and criticised the assessing officer for "laxity and lethargy," causing a substantial loss to the exchequer. The judgment underscored the officer's negligence, stating it has repercussions on the nation's economic stability. 
As many as 11.5 crore PAN cards were deactivated for not being linked to Aadhar cards within the deadline, according to an RTI reply by the Central Board of Direct Taxes (CBDT). The deadline for linking PAN card with Aadhar expired on June 30 this year. Out of the total 70.24 crore PAN card holders in the country, 57.25 people linked their PAN cards to Aadhar. According to the RTI reply, more than 12 crore PAN cards have not been linked to Aadhar, out of which 11.5 crore cards have been deactivated.
Bank holidays: India is currently drowned in the euphoria of the festive season as several big festivals are lined up. Occasions like Dhanteras, Diwali, Bhaiya Dooj and Chhath Puja will be celebrated across the country in the coming days. In view of this, banks across several states will remain closed for six days starting with Dhanteras - November 10, and ending with Bhai Dooj - November 15. However, internet banking services will remain operational during this period. 
New Delhi: Air India has become the world's first airline to successfully deploy a Generative AI virtual agent 'Maharaja', the airline said in a statement on Friday.  The agent is powered by Microsoft's Azure OpenAI service. 
Provident Fund: Ahead of the Diwali festival, the Employees' Provident Fund Organisation (EPFO) has started crediting the interest to the respective Provident Fund (PF) accounts, said the government body in an official statement. 
Amid strong global cues, gold prices recovered sharply by Rs 250 to Rs 61,200 per 10 grams in Delhi on Friday - ending its four-day losing streak on Dhanteras. In the previous trade, the precious metal had finished at Rs 60,950 per 10 grams.
The Life Insurance Corporation of India (LIC) on Friday reported a 50 per cent decline in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income. The country's biggest insurer had a net profit of Rs 15,952 crore in the year-ago period, LIC said in a regulatory filing.
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