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FAITH urges govt to withdraw TCS hike on packages announced in Finance Bill
Tourism and hospitality body FAITH on Tuesday urged the government to roll back the increase in Tax Collected at Source on overseas tour packages announced in the Finance Bill 2023
 "FAITH urges govt to withdraw TCS hike on packages announced in Finance Bill")
HDFC Ltd records 12% loan growth at Rs 9,340 cr in March quarter
Gross income from dividend for the quarter ended on March 31, 2023 was Rs 207 crore as compared to Rs 128 crore
 "HDFC Ltd records 12% loan growth at Rs 9,340 cr in March quarter")
Bajaj Finance booked highest ever new loans in FY23 at 29.6 million
AUM grew 29% YoY in Q4 to Rs 2.47 trillion
 "Bajaj Finance booked highest ever new loans in FY23 at 29.6 million")
State-owned NBFC firm REC raises $750 mn through issuance of green bonds
State-owned non-banking finance firm REC Ltd has raised $750 million through issuance of green bonds
 "State-owned NBFC firm REC raises $750 mn through issuance of green bonds")
MOIL's output grows 6% to 1.3 MT in FY23, 14% higher capex utilised
State-owned MOIL has registered a 6 per cent rise in its manganese ore production to 1.3 mn tonnes (MT) in 2022-23
 "MOIL's output grows 6% to 1.3 MT in FY23, 14% higher capex utilised")
Inox Air ropes in TP Saurya Bandita to set up 40 MW captive solar plant
Inox Air Products on Tuesday said it has signed an agreement with TP Saurya Bandita Ltd to set up a 40 MW captive solar plant at Dhule in Maharashtra
 "Inox Air ropes in TP Saurya Bandita to set up 40 MW captive solar plant")
Mumbai-based alternative credit platform BlackSoil raises $25 mn
BlackSoil, a Mumbai-based alternative credit platform, on Tuesday said it has raised over $25 million (about Rs 205 crore) through its diverse debt products
 "Mumbai-based alternative credit platform BlackSoil raises $25 mn")
Hikal ownership dispute: Kalyani family spar over 1993 agreement
Baba Kalyani's sister Sugandha, husband move court against the Bharat Forge promoter for full ownership of chemical company Hikal; Kalyani points to intervening agreements and statute of limitations
 "Hikal ownership dispute: Kalyani family spar over 1993 agreement")
After $3 bn, Reliance Industries, Jio raise $2 bn foreign exchange loan
Barely days after signing a $3 bn financing in India's most widely syndicated loan, RIL and its unit Jio have raised $2 bn add-on foreign currency facility at most competitive rates, sources said
 "After $3 bn, Reliance Industries, Jio raise $2 bn foreign exchange loan")
3.1 mn jobs shortfall in cybersecurity, skill shortage hits Indian firms
The '2023 Global Cybersecurity Skills Gap Report' also found that 24 per cent of Indian organisations experienced five or more breaches
 "3.1 mn jobs shortfall in cybersecurity, skill shortage hits Indian firms")
Britannia Industries declares interim dividend of Rs 72 per share for FY23
The record date for determining the eligibility of shareholders for payment of Interim Dividend is April 13, 2023
 "Britannia Industries declares interim dividend of Rs 72 per share for FY23")
Eastern Railway's revenue sees 21.17% jump to Rs 10, 502 cr in FY'23
The Eastern Railway on Tuesday said it has earned a total revenue of Rs 10,501.99 crore in the 2022-23 financial year, registering a 21.17 per cent growth over Rs 8,667.12 crore mop-up
 "Eastern Railway's revenue sees 21.17% jump to Rs 10, 502 cr in FY'23")
TVS Motor Company's Singapore arm to buy 25% stake in Killwatt GmbH
TVS Motor Company on Tuesday said its Singapore-based arm will acquire a 25 per cent stake in Germany-based electric mobility products and components startup Killwatt GmbH
 "TVS Motor Company's Singapore arm to buy 25% stake in Killwatt GmbH")
V3 Ventures plans to invest 30 mn euros in Indian start-ups
V3 Ventures, Co-Founder and Investment Partner, Arjun Vaidya said that the company plans to invest the rest of the fund in the US and Europe
 "V3 Ventures plans to invest 30 mn euros in Indian start-ups")
Capex cannot be driven by public investment, says industry body Assocham
Industry body Assocham said capital expenditure cannot be driven largely by public investment and the private sector must participate to increase investments in India's economy
 "Capex cannot be driven by public investment, says industry body Assocham")
Venture debt platform Blacksoil announces raising $25 mn in fresh capital
Company says it start-ups looking for support amid funding winter are turning to venture debt
 "Venture debt platform Blacksoil announces raising $25 mn in fresh capital")
Wipro Consumer revenue tops Rs 10,000 cr in FY23 on growth across segments
The firm's India business grew 17%, while the Malaysia personal care biz grew over 20% and Vietnam crossed $100 mn in revenue, with double-digit growth
 "Wipro Consumer revenue tops Rs 10,000 cr in FY23 on growth across segments")
Honda Motorcycle & Scooter India records 34.5% sales decline in March
Exports were higher at 14,466 units as compared to 13,884 units in the year-ago month, it added
 "Honda Motorcycle & Scooter India records 34.5% sales decline in March")
B2B apparel platform Zyod raises $3.5 mn in seed funding from Lightspeed
FJ Labs, Panthera Peak Capital, and select angels also participated
Richard Branson's Virgin Orbit files for bankruptcy, to seek buyer
Virgin Orbit's strategy has been that launching small rockets from a 747 in flight would allow for short-notice launches from anywhere
 "Richard Branson's Virgin Orbit files for bankruptcy, to seek buyer")
