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IndiaTV Business: Google News Feed: Digest for May 03, 2024

IndiaTV Business: Google News Feed

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Google has initiated another round of layoffs, affecting employees across various teams, including Python, Dart, and Flutter. The move comes as part of a broader reorganisation effort aimed at streamlining operations and focusing on key priorities within the company. Contrary to previous layoffs due to dissent and misconduct, Google cited reorganisation as the primary driver behind the recent layoffs. The company aims to enhance efficiency and align resources with its core product objectives.
Bank holidays May 2024: Bank customers should be prepared for several non-working days in May 2024 because of religious holidays, Lok Sabha Elections and weekend closures. According to the Reserve Bank of India holiday calendar schedule, the banks in the month of May will be  for up to 14 days, which includes Sundays and the second and fourth Saturdays. 
While May may not herald a flurry of financial changes akin to April or March, several significant shifts await individuals, especially mutual fund investors and banking customers. Certain banks are poised to adjust charges for savings account services, while others plan to unveil surcharges on utility payments made via credit cards. Additionally, some financial institutions may announce deadlines for senior citizen fixed deposits (FDs).
Stock market news: The NSE Nifty hit a fresh record all-time high level today (April 30) in line with optimism in global markets and fresh foreign fund inflows. The NSE Nifty went up by 136.35 points or 0.60 per cent to reach its lifetime peak of 22,779.75 in the late afternoon trade. Meanwhile, the 30-share BSE Sensex traded with a gain of 230.75 points or 0.31 per cent to 74,902.03.
Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended a senior Vistara official for lapses in conversion training of pilots, a source said on Tuesday. According to the sources, Vikram Mohan Dayal Vistara vice president of Training at the full-service carrier, has been removed from his post.
 Air India on Tuesday said it has extended the suspension of flights to and from Tel Aviv till May 15 amid tensions in the Middle East. On April 19, the airline said Tel Aviv flights will remain suspended till April 30. It operates four weekly flights between the national capital and the Israeli city.
Stock market update: Stock exchanges will remain shut today (May 1) on account of Maharashtra Day, and normal trading will resume on Thursday (May 2). The next market holiday is on May 20 (Monday) for Lok Sabha Elections 2024.

127-year-old Godrej Group splits conglomerate between family

Wednesday 01 May 2024 04:11 AM UTC+00
Godrej Group splits: The founding family of the 127-year-old Godrej Group, which deals in locks to soaps to aerospace to real estate, has reached an agreement to split the conglomerate, as per a joint announcement. On Tuesday (April 30), the Godrej family announced an ownership realignment of their shareholdings in the Godrej Companies.
New Delhi: The Gross Goods and Services Tax (GST) collections hit a record high at Rs 2.10 lakh crore in April, growing 12.4 per cent on year-on-year basis, the Finance Ministry said in a statement on Wednesday. GST collection in March reached Rs 1.78 lakh crore. It's notable that the highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.
Despite the rising cost, the demand for gold is rising in India. According to a World Gold Council report titled 'Gold Demand Trends Q1 2024', India has registered a growth in gold demand in the quarter of March compared to the same period last year. 
Google has initiated another round of layoffs, affecting employees across various teams, including Python, Dart, and Flutter. The move comes as part of a broader reorganisation effort aimed at streamlining operations and focusing on key priorities within the company. Contrary to previous layoffs due to dissent and misconduct, Google cited reorganisation as the primary driver behind the recent layoffs. The company aims to enhance efficiency and align resources with its core product objectives.
While May may not herald a flurry of financial changes akin to April or March, several significant shifts await individuals, especially mutual fund investors and banking customers. Certain banks are poised to adjust charges for savings account services, while others plan to unveil surcharges on utility payments made via credit cards. Additionally, some financial institutions may announce deadlines for senior citizen fixed deposits (FDs).
Stock market news: The NSE Nifty hit a fresh record all-time high level today (April 30) in line with optimism in global markets and fresh foreign fund inflows. The NSE Nifty went up by 136.35 points or 0.60 per cent to reach its lifetime peak of 22,779.75 in the late afternoon trade. Meanwhile, the 30-share BSE Sensex traded with a gain of 230.75 points or 0.31 per cent to 74,902.03.
Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended a senior Vistara official for lapses in conversion training of pilots, a source said on Tuesday. According to the sources, Vikram Mohan Dayal Vistara vice president of Training at the full-service carrier, has been removed from his post.
 Air India on Tuesday said it has extended the suspension of flights to and from Tel Aviv till May 15 amid tensions in the Middle East. On April 19, the airline said Tel Aviv flights will remain suspended till April 30. It operates four weekly flights between the national capital and the Israeli city.
Stock market update: Stock exchanges will remain shut today (May 1) on account of Maharashtra Day, and normal trading will resume on Thursday (May 2). The next market holiday is on May 20 (Monday) for Lok Sabha Elections 2024.

127-year-old Godrej Group splits conglomerate between family

Wednesday 01 May 2024 04:11 AM UTC+00
Godrej Group splits: The founding family of the 127-year-old Godrej Group, which deals in locks to soaps to aerospace to real estate, has reached an agreement to split the conglomerate, as per a joint announcement. On Tuesday (April 30), the Godrej family announced an ownership realignment of their shareholdings in the Godrej Companies.
New Delhi: The Gross Goods and Services Tax (GST) collections hit a record high at Rs 2.10 lakh crore in April, growing 12.4 per cent on year-on-year basis, the Finance Ministry said in a statement on Wednesday. GST collection in March reached Rs 1.78 lakh crore. It's notable that the highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.
Despite the rising cost, the demand for gold is rising in India. According to a World Gold Council report titled 'Gold Demand Trends Q1 2024', India has registered a growth in gold demand in the quarter of March compared to the same period last year. 
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 204.88 points to 74,687.66. Meanwhile, the Nifty was also up by 57.35 points to 22,662.20 points.
Google has initiated another round of layoffs, affecting employees across various teams, including Python, Dart, and Flutter. The move comes as part of a broader reorganisation effort aimed at streamlining operations and focusing on key priorities within the company. Contrary to previous layoffs due to dissent and misconduct, Google cited reorganisation as the primary driver behind the recent layoffs. The company aims to enhance efficiency and align resources with its core product objectives.
While May may not herald a flurry of financial changes akin to April or March, several significant shifts await individuals, especially mutual fund investors and banking customers. Certain banks are poised to adjust charges for savings account services, while others plan to unveil surcharges on utility payments made via credit cards. Additionally, some financial institutions may announce deadlines for senior citizen fixed deposits (FDs).
Stock market news: The NSE Nifty hit a fresh record all-time high level today (April 30) in line with optimism in global markets and fresh foreign fund inflows. The NSE Nifty went up by 136.35 points or 0.60 per cent to reach its lifetime peak of 22,779.75 in the late afternoon trade. Meanwhile, the 30-share BSE Sensex traded with a gain of 230.75 points or 0.31 per cent to 74,902.03.
Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended a senior Vistara official for lapses in conversion training of pilots, a source said on Tuesday. According to the sources, Vikram Mohan Dayal Vistara vice president of Training at the full-service carrier, has been removed from his post.
 Air India on Tuesday said it has extended the suspension of flights to and from Tel Aviv till May 15 amid tensions in the Middle East. On April 19, the airline said Tel Aviv flights will remain suspended till April 30. It operates four weekly flights between the national capital and the Israeli city.
Stock market update: Stock exchanges will remain shut today (May 1) on account of Maharashtra Day, and normal trading will resume on Thursday (May 2). The next market holiday is on May 20 (Monday) for Lok Sabha Elections 2024.

127-year-old Godrej Group splits conglomerate between family

Wednesday 01 May 2024 04:11 AM UTC+00
Godrej Group splits: The founding family of the 127-year-old Godrej Group, which deals in locks to soaps to aerospace to real estate, has reached an agreement to split the conglomerate, as per a joint announcement. On Tuesday (April 30), the Godrej family announced an ownership realignment of their shareholdings in the Godrej Companies.
New Delhi: The Gross Goods and Services Tax (GST) collections hit a record high at Rs 2.10 lakh crore in April, growing 12.4 per cent on year-on-year basis, the Finance Ministry said in a statement on Wednesday. GST collection in March reached Rs 1.78 lakh crore. It's notable that the highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.
Despite the rising cost, the demand for gold is rising in India. According to a World Gold Council report titled 'Gold Demand Trends Q1 2024', India has registered a growth in gold demand in the quarter of March compared to the same period last year. 
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 204.88 points to 74,687.66. Meanwhile, the Nifty was also up by 57.35 points to 22,662.20 points.
While May may not herald a flurry of financial changes akin to April or March, several significant shifts await individuals, especially mutual fund investors and banking customers. Certain banks are poised to adjust charges for savings account services, while others plan to unveil surcharges on utility payments made via credit cards. Additionally, some financial institutions may announce deadlines for senior citizen fixed deposits (FDs).
Stock market news: The NSE Nifty hit a fresh record all-time high level today (April 30) in line with optimism in global markets and fresh foreign fund inflows. The NSE Nifty went up by 136.35 points or 0.60 per cent to reach its lifetime peak of 22,779.75 in the late afternoon trade. Meanwhile, the 30-share BSE Sensex traded with a gain of 230.75 points or 0.31 per cent to 74,902.03.
Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended a senior Vistara official for lapses in conversion training of pilots, a source said on Tuesday. According to the sources, Vikram Mohan Dayal Vistara vice president of Training at the full-service carrier, has been removed from his post.
 Air India on Tuesday said it has extended the suspension of flights to and from Tel Aviv till May 15 amid tensions in the Middle East. On April 19, the airline said Tel Aviv flights will remain suspended till April 30. It operates four weekly flights between the national capital and the Israeli city.
Stock market update: Stock exchanges will remain shut today (May 1) on account of Maharashtra Day, and normal trading will resume on Thursday (May 2). The next market holiday is on May 20 (Monday) for Lok Sabha Elections 2024.

127-year-old Godrej Group splits conglomerate between family

Wednesday 01 May 2024 04:11 AM UTC+00
Godrej Group splits: The founding family of the 127-year-old Godrej Group, which deals in locks to soaps to aerospace to real estate, has reached an agreement to split the conglomerate, as per a joint announcement. On Tuesday (April 30), the Godrej family announced an ownership realignment of their shareholdings in the Godrej Companies.
New Delhi: The Gross Goods and Services Tax (GST) collections hit a record high at Rs 2.10 lakh crore in April, growing 12.4 per cent on year-on-year basis, the Finance Ministry said in a statement on Wednesday. GST collection in March reached Rs 1.78 lakh crore. It's notable that the highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.
Despite the rising cost, the demand for gold is rising in India. According to a World Gold Council report titled 'Gold Demand Trends Q1 2024', India has registered a growth in gold demand in the quarter of March compared to the same period last year. 
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 204.88 points to 74,687.66. Meanwhile, the Nifty was also up by 57.35 points to 22,662.20 points.
As India grapples with scorching heatwaves, concerns rise over a potential spike in food inflation, particularly impacting vegetable and mango prices, which are already soaring. Following a prolonged surge in cereal and pulse prices, experts questioned whether this marks a new volatile front in the battle against inflation. The Indian Meteorological Department (IMD) painted a grim picture, predicting no immediate relief from the intense heatwaves as April temperatures surpass normal levels.
Stock market news: The NSE Nifty hit a fresh record all-time high level today (April 30) in line with optimism in global markets and fresh foreign fund inflows. The NSE Nifty went up by 136.35 points or 0.60 per cent to reach its lifetime peak of 22,779.75 in the late afternoon trade. Meanwhile, the 30-share BSE Sensex traded with a gain of 230.75 points or 0.31 per cent to 74,902.03.
Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended a senior Vistara official for lapses in conversion training of pilots, a source said on Tuesday. According to the sources, Vikram Mohan Dayal Vistara vice president of Training at the full-service carrier, has been removed from his post.
 Air India on Tuesday said it has extended the suspension of flights to and from Tel Aviv till May 15 amid tensions in the Middle East. On April 19, the airline said Tel Aviv flights will remain suspended till April 30. It operates four weekly flights between the national capital and the Israeli city.
Stock market update: Stock exchanges will remain shut today (May 1) on account of Maharashtra Day, and normal trading will resume on Thursday (May 2). The next market holiday is on May 20 (Monday) for Lok Sabha Elections 2024.

127-year-old Godrej Group splits conglomerate between family

Wednesday 01 May 2024 04:11 AM UTC+00
Godrej Group splits: The founding family of the 127-year-old Godrej Group, which deals in locks to soaps to aerospace to real estate, has reached an agreement to split the conglomerate, as per a joint announcement. On Tuesday (April 30), the Godrej family announced an ownership realignment of their shareholdings in the Godrej Companies.
New Delhi: The Gross Goods and Services Tax (GST) collections hit a record high at Rs 2.10 lakh crore in April, growing 12.4 per cent on year-on-year basis, the Finance Ministry said in a statement on Wednesday. GST collection in March reached Rs 1.78 lakh crore. It's notable that the highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.
Despite the rising cost, the demand for gold is rising in India. According to a World Gold Council report titled 'Gold Demand Trends Q1 2024', India has registered a growth in gold demand in the quarter of March compared to the same period last year. 
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 204.88 points to 74,687.66. Meanwhile, the Nifty was also up by 57.35 points to 22,662.20 points.
As India grapples with scorching heatwaves, concerns rise over a potential spike in food inflation, particularly impacting vegetable and mango prices, which are already soaring. Following a prolonged surge in cereal and pulse prices, experts questioned whether this marks a new volatile front in the battle against inflation. The Indian Meteorological Department (IMD) painted a grim picture, predicting no immediate relief from the intense heatwaves as April temperatures surpass normal levels.
The Reserve Bank of India (RBI) revealed that as of May 2, 97.76% of the Rs 2,000 currency notes in circulation since May 19, 2023, have been reintegrated into the banking system. The total value of Rs 2,000 banknotes dropped significantly from Rs 3.56 lakh crore in May 2023 to just Rs 7,961 crore by April 30, 2024, marking a substantial decline, according to RBI statements.
Stock market news: The NSE Nifty hit a fresh record all-time high level today (April 30) in line with optimism in global markets and fresh foreign fund inflows. The NSE Nifty went up by 136.35 points or 0.60 per cent to reach its lifetime peak of 22,779.75 in the late afternoon trade. Meanwhile, the 30-share BSE Sensex traded with a gain of 230.75 points or 0.31 per cent to 74,902.03.
Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended a senior Vistara official for lapses in conversion training of pilots, a source said on Tuesday. According to the sources, Vikram Mohan Dayal Vistara vice president of Training at the full-service carrier, has been removed from his post.
 Air India on Tuesday said it has extended the suspension of flights to and from Tel Aviv till May 15 amid tensions in the Middle East. On April 19, the airline said Tel Aviv flights will remain suspended till April 30. It operates four weekly flights between the national capital and the Israeli city.
Stock market update: Stock exchanges will remain shut today (May 1) on account of Maharashtra Day, and normal trading will resume on Thursday (May 2). The next market holiday is on May 20 (Monday) for Lok Sabha Elections 2024.

127-year-old Godrej Group splits conglomerate between family

Wednesday 01 May 2024 04:11 AM UTC+00
Godrej Group splits: The founding family of the 127-year-old Godrej Group, which deals in locks to soaps to aerospace to real estate, has reached an agreement to split the conglomerate, as per a joint announcement. On Tuesday (April 30), the Godrej family announced an ownership realignment of their shareholdings in the Godrej Companies.
New Delhi: The Gross Goods and Services Tax (GST) collections hit a record high at Rs 2.10 lakh crore in April, growing 12.4 per cent on year-on-year basis, the Finance Ministry said in a statement on Wednesday. GST collection in March reached Rs 1.78 lakh crore. It's notable that the highest-ever GST collection was recorded at Rs 1.87 lakh crore in April 2023.
Despite the rising cost, the demand for gold is rising in India. According to a World Gold Council report titled 'Gold Demand Trends Q1 2024', India has registered a growth in gold demand in the quarter of March compared to the same period last year. 
Stock markets update: Equity benchmark indices opened higher in early trade on Thursday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 204.88 points to 74,687.66. Meanwhile, the Nifty was also up by 57.35 points to 22,662.20 points.
As India grapples with scorching heatwaves, concerns rise over a potential spike in food inflation, particularly impacting vegetable and mango prices, which are already soaring. Following a prolonged surge in cereal and pulse prices, experts questioned whether this marks a new volatile front in the battle against inflation. The Indian Meteorological Department (IMD) painted a grim picture, predicting no immediate relief from the intense heatwaves as April temperatures surpass normal levels.
The Reserve Bank of India (RBI) revealed that as of May 2, 97.76% of the Rs 2,000 currency notes in circulation since May 19, 2023, have been reintegrated into the banking system. The total value of Rs 2,000 banknotes dropped significantly from Rs 3.56 lakh crore in May 2023 to just Rs 7,961 crore by April 30, 2024, marking a substantial decline, according to RBI statements.
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