Monday, Aug 14, 2023
Indigo Airlines, aviation industry, aviation sector, Vinay Malhotra, Head of Global Sales at IndiGo. Explained, Indian Express Explained, Current Affairs

‘Indian airports truly becoming global hubs now’: Vinay Malhotra, Head of Global Sales at IndiGo

August 14, 2023 00:49 IST

IndiGo is already the dominant airline in India and we have seen a spurt in new flights being launched to international destinations. Is the airline focussing more on strengthening its international network now?

Data protection, Data Protection Bill, Personal Data Protection Bill, data privacy, data privacy bill, Rajeev Chandrasekhar, Business news, Indian express, Current Affairs

MoS IT on concerns around Digital Personal Data Protection Act: There will be checks & balances to ensure personal data is not misused

August 13, 2023 10:15 IST

On Saturday, the Digital Personal Data Protection Act, 2023 was published in the official gazette after receiving the President’s assent on Friday, making India one of the final democracies in the world to have a regulatory framework for privacy.

Jio Financial Services, Jio Financial Services Ltd (JFSL), Reliance Industries Ltd, RIL’s shareholders, Business news, Indian express, Current Affairs

Jio Financial Services set for listing; allots stocks to RIL’s shareholders

August 13, 2023 00:03 IST

Jio Financial Services Ltd (JFSL) is all set for listing of its shares on the stock exchanges. The company said the equity shares allotted to the eligible shareholders of Reliance Industries Ltd (RIL) have been credited to their demat account on August 10. The financial services company said it has applied to the BSE and […]

debt restructure, india total debt, Global community appeal, Fiance Minister, Nirmala Sitharaman, low-and-middle income countries, G20 Finance Track seminar, global economy, indian express news

Global community must collaborate to restructure debt: Finance Minister

August 12, 2023 14:30 IST

Addressing the seminar, Chief Economic Advisor V Anantha Nageswaran said the world is witnessing increasing debt vulnerabilities.

hdfc Merger, HDFC fund flow, affordable housing, farm, MSMEs, HDFC Bank Chairman, indian express news

Merger to boost fund flow to affordable housing, farm, MSMEs: HDFC Bank Chairman

August 12, 2023 04:45 IST

The merger of HDFC Ltd and HDFC Bank came into effect from July 1, 2023

Google misuse of trademark, Google, delhi HC, delhi high court, Business news, Indian express, Current Affairs

No safe harbour for Google on misuse of trademark: Delhi HC

August 12, 2023 20:42 IST

This means Google will be legally bound if advertisers use another company’s trademark to improve their search ranking and that affects the trademark owner or confuses consumers. Besides, the ruling could affect Google’s advertising revenue, experts said.

PLI disbursement, Production Linked Incentive, pli schemes, Department for Promotion of Industry and Internal Trade (DPIIT), Business news, Indian express, Current Affairs

PLI disbursement to hit Rs 13,000 cr this year: Official

August 12, 2023 01:24 IST

The scheme was announced in 2021 for 14 sectors, including telecom, white goods, textiles, medicial device manufacturing, automobiles, speciality steel, food products, solar PV modules and advanced chemistry cell batteries, with an outlay of Rs 1.97 lakh crore.

Factory output, Factory output growth, India factory output, National Statistical Office, Business news, Indian express, Current Affairs

Factory output at three-month low on slow manufacturing, high base effect

August 12, 2023 08:32 IST

Manufacturing, which accounts for 77.6 per cent of the weight of the Index of Industrial Production (IIP), grew by 3.1 per cent in June as against 12.9 per cent in the year-ago period and 5.8 per cent in May.

Adani Hindenburg row

Deloitte to quit as Adani Ports’ auditor over concerns flagged by Hindenburg: Report

August 11, 2023 22:31 IST

Deloitte in May had pointed to certain transactions flagged by the US short-seller in its report and gave only a qualified opinion, which indicates concerns by a company's auditor.

Industrial production rise

Industrial production growth dips to 3-month low of 3.7% in June

August 11, 2023 20:52 IST

The factory output growth measured in terms of the Index of Industrial Production (IIP) stood at 12.6 per cent in June 2022 on account of a lower base effect.

Nykaa profit

Nykaa posts 24% jump in Q1 revenue on boost from summer sale

August 11, 2023 18:37 IST

Nykaa's flagship 'Pink Summer Sale' helped boost its beauty and personal care (BPC) segment - the company's biggest. BPC orders increased by 17% in the quarter.

Adani Airport Holdings and Adani Ports and Special Economic Zone may tap the market first, with offerings of around 10-15 billion rupees, the bankers said.

Adani group units in talks to tap local bond market to raise Rs 15 billion: Report

August 11, 2023 16:35 IST

Two units of Adani group are in talks with merchant bankers to raise as much as 15 billion rupees ($181 million) each through local currency bonds as part of the ports-to-power conglomerate's aim to raise 100 billion rupees this financial year, Reuters reported.

"A bigger and stronger IMF that is capable of managing the levels of country risks assumes crucial importance," RBI Governor Shaktikanta Das said.

RBI Guv Shaktikanta Das pitches for expeditious completion of quota review at IMF

August 11, 2023 16:30 IST

Speaking at a seminar on global economy organised by the Ministry of Finance and the Reserve Bank of India (RBI), Shaktikanta Das said recent experience suggests countries facing financial difficulties go to other bodies beyond the IMF because of "perceived stigma" or lack of access.

subway free cheese slice removed

Subway India takes away free cheese slice, offers sauce as inflation bites

August 11, 2023 16:15 IST

American chain Subway is one of largest restaurant franchisers in India, with around 800 outlets. They now charge 30 rupees ($0.40) extra for the cheese slice in most sandwiches, but are offering a free "cheezy" sauce instead.

onion buffer stock

Govt to release buffer onion in open market immediately to keep prices under check

August 11, 2023 15:25 IST

The government is exploring multiple options for disposal of onion: e-auction, e-commerce as well as through states at discounted rates via retail outlets of their consumer cooperatives and corporations, it said.

disbursement under PLI scheme

Disbursement under PLI scheme will be about Rs 13,000 crore this year: DPIIT secretary

August 11, 2023 14:54 IST

Secretary in the Department for promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that from the current year onwards, the disbursal number will be significantly larger.

ubs credit suisse news

UBS ends rescue packages from Swiss govt that paved way for Credit Suisse takeover

August 11, 2023 14:27 IST

UBS said it had repaid 50 billion francs in loans from the Swiss National Bank and 100 billion francs in liquidity support from the Swiss government, while ending a 9 billion franc “loss protection agreement” with the government.

Over the past few months, the British economy has proven slightly more resilient than anticipated in the face of rising interest rates, with a widely predicted recession avoided.

British economy unexpectedly grows by 0.2% in second quarter largely because of June weather boost

August 11, 2023 14:12 IST

The Office for National Statistics said the economy expanded by 0.2% in the April to June period, compared with the three-month period.

lok sabha passes gst bill for online gaming casino taxation

Lok Sabha passes GST amendments bills; 28% tax on online gaming, casinos, horse race clubs

August 11, 2023 13:51 IST

The Central Goods and Services Tax (Amendment) Bill, 2023, and The Integrated Goods and Services Tax (Amendment) Bill, 2023, were passed by the Lok Sabha by a voice vote, without a debate.

itc agm sanjiv puri latest news

ITC bets big on FMCG business for growth with annual consumer spend of Rs 29,000 crore

August 11, 2023 13:44 IST

Speaking at the 112th AGM of the company, ITC chairman Sanjiv Puri said the FMCG brands are being exported to several countries and the business vertical has immense growth potential due to the rising per capita income of the people.

Ashok Leyland, Astral Ltd, Cummins India, HDFC Asset Management Company, IDFC First Bank, Power Finance Corporation, REC and Supreme Industries will be added to the MSCI India Index.

Supreme Ind, REC, Ashok Leyland jump to 52-week high levels after addition to MSCI India Index

August 11, 2023 12:24 IST

The changes in constituents of the MSCI Global Standard Indexes will take place as of close of August 31, 2023, according to an announcement by index compiler MSCI on Thursday.

Addressing online a G20 session, organised by the finance ministry and the Reserve Bank of India in Mumbai, ahead of the grouping's summit next month in New Delhi, FM Nirmala Sitharaman said multilaterism faces the biggest challenge in recent years.

FM Nirmala Sitharaman calls for concerted global efforts to restructure debt for poor countries

August 11, 2023 12:00 IST

Nirmala Sitharaman that India has ensured that so far the geopolitical differences do not supersede international cooperation which is the core mandate of the G20 grouping and the summit.

State-owned LIC net profit jumped 13 per cent from Rs 683 crore in the year-ago period.

LIC shares jump 6% after insurance behemoth’s net profit jumps multifold

August 11, 2023 11:37 IST

LIC's shares opened higher at Rs 666 and soon climbed 5.8 per cent to hit an intraday high of Rs 679 on NSE.

gold prices today

Gold stays near 1-month lows as US dollar, yields hold ground

August 11, 2023 10:44 IST

Gold prices held near one-month lows on Friday, shrugging off cooler-than-expected US inflation figures for last month, with bullion staying on course to wrap up its worst week in seven.

Nifty Media slipped 1.83 per cent, pharma fell 1.45 per cent, healthcare index slipped 1.39 per cent, financial services index fell 0.87 per cent, and Nifty Bank slipped 0.77 per cent.

Sensex down over 365 pts, Nifty slips to 19,428; IndusInd Bank drags, HCLTech rises

August 11, 2023 16:06 IST

HCLTech jumped over 3 per cent to close at Rs 1,171.35 after the IT giant signed a deal worth $2.1 billion with Verizon Business for providing primary managed network services (MNS).