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IndiaTV Business: Google News Feed: Digest for May 04, 2024

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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 markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 470.92 points to 75,082.03. Meanwhile, the Nifty was also up by 139.5 points to 22,787.70 points.
 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 markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 470.92 points to 75,082.03. Meanwhile, the Nifty was also up by 139.5 points to 22,787.70 points.
Business news: Apple, the iPhone maker, unveiled a record share buyback program, sending its stock up 6 per cent in extended trade as the company's quarterly results and forecast beat modest expectations on Thursday. Apple increased its cash dividend by 4 per cent and authorised an additional program to buy back USD 110 billion of stock, which is the largest in the company's history. Apple's quarterly revenue fell and CEO Tim Cook said revenue growth would return to the current quarter.
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 markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 470.92 points to 75,082.03. Meanwhile, the Nifty was also up by 139.5 points to 22,787.70 points.
Business news: Apple, the iPhone maker, unveiled a record share buyback program, sending its stock up 6 per cent in extended trade as the company's quarterly results and forecast beat modest expectations on Thursday. Apple increased its cash dividend by 4 per cent and authorised an additional program to buy back USD 110 billion of stock, which is the largest in the company's history. Apple's quarterly revenue fell and CEO Tim Cook said revenue growth would return to the current quarter.
The Central government is planning to revolutionise intercity domestic transport with the introduction of Air Taxi. The Ministry of Civil Aviation in a joint effort with the Ministry of Home Affairs, Directorate General of Civil Aviation (DGCA), Airport Authority of India (AAI), Digital Sky is planning to launch Air Taxi on Public Private Partnership in Delhi NCR.
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 markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 470.92 points to 75,082.03. Meanwhile, the Nifty was also up by 139.5 points to 22,787.70 points.
Business news: Apple, the iPhone maker, unveiled a record share buyback program, sending its stock up 6 per cent in extended trade as the company's quarterly results and forecast beat modest expectations on Thursday. Apple increased its cash dividend by 4 per cent and authorised an additional program to buy back USD 110 billion of stock, which is the largest in the company's history. Apple's quarterly revenue fell and CEO Tim Cook said revenue growth would return to the current quarter.
The Central government is planning to revolutionise intercity domestic transport with the introduction of Air Taxi. The Ministry of Civil Aviation in a joint effort with the Ministry of Home Affairs, Directorate General of Civil Aviation (DGCA), Airport Authority of India (AAI), Digital Sky is planning to launch Air Taxi on Public Private Partnership in Delhi NCR.
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 markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 470.92 points to 75,082.03. Meanwhile, the Nifty was also up by 139.5 points to 22,787.70 points.
Business news: Apple, the iPhone maker, unveiled a record share buyback program, sending its stock up 6 per cent in extended trade as the company's quarterly results and forecast beat modest expectations on Thursday. Apple increased its cash dividend by 4 per cent and authorised an additional program to buy back USD 110 billion of stock, which is the largest in the company's history. Apple's quarterly revenue fell and CEO Tim Cook said revenue growth would return to the current quarter.
The Central government is planning to revolutionise intercity domestic transport with the introduction of Air Taxi. The Ministry of Civil Aviation in a joint effort with the Ministry of Home Affairs, Directorate General of Civil Aviation (DGCA), Airport Authority of India (AAI), Digital Sky is planning to launch Air Taxi on Public Private Partnership in Delhi NCR.
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 markets update: Equity benchmark indices opened higher in early trade on Friday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 470.92 points to 75,082.03. Meanwhile, the Nifty was also up by 139.5 points to 22,787.70 points.
Business news: Apple, the iPhone maker, unveiled a record share buyback program, sending its stock up 6 per cent in extended trade as the company's quarterly results and forecast beat modest expectations on Thursday. Apple increased its cash dividend by 4 per cent and authorised an additional program to buy back USD 110 billion of stock, which is the largest in the company's history. Apple's quarterly revenue fell and CEO Tim Cook said revenue growth would return to the current quarter.
The Central government is planning to revolutionise intercity domestic transport with the introduction of Air Taxi. The Ministry of Civil Aviation in a joint effort with the Ministry of Home Affairs, Directorate General of Civil Aviation (DGCA), Airport Authority of India (AAI), Digital Sky is planning to launch Air Taxi on Public Private Partnership in Delhi NCR.
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