Pakistan announces Rs 10.20 reduction in petrol price ahead of Eid
In a major relief for inflation-hit masses in cash-strapped Pakistan, the government has slashed the prices of petrol and high-speed diesel (HSD) by Rs 10.20 and Rs 2.33 per litre respectively ahead of the Eid ul Adha festival. The price cut, effective from Saturday, will bring the price of petrol to...
-
Godavari Biorefineries files IPO papers; eyes Rs 325 crore via fresh issue
16 June 2024 | PTI -
Petrol, diesel to get costlier in Karnataka as Govt hikes sales tax on fuel
16 June 2024 | PTI -
Modi to release Rs 20,000 crore for farmers
16 June 2024 | PTI -
PM to release Rs 20,000 cr for farmers, felicitate 'Krishi Sakhis' in Varanasi visit on June 18
15 June 2024 | PTI -
Windfall tax on crude petroleum slashed to Rs 3,250/tonne
15 June 2024 | PTI -
Biden Admin urged to take urgent action to protect over 250K Documented Dreamers
15 June 2024 | PTI -
Prices of tur, chana, urad dals likely to soften from July on good monsoon, higher imports: Govt
15 June 2024 | PTI
Union Minister Kishan Reddy holds first review meeting of coal, mines ministries
Union Minister G Kishan Reddy has reviewed both the coal and mines ministries after taking charge. “Held a detailed review meeting of the Ministry of Mines ( @MinesMinIndia) in New Delhi,” he said on Friday in a post on X (formerly known as twitter). Reddy on Thursday took charge as coal and...
Hyundai may file draft IPO papers with Sebi to raise about Rs 25,000 crore
South Korean automaker Hyundai's Indian arm is likely to file preliminary papers with Sebi shortly to raise at least USD 3 billion (around Rs 25,000 crore) through an initial public offering, sources close to the development said on Friday. The company's initial public offering (IPO), if it goes through, would be...
Sebi bats for tax benefits to firms investing in zero coupon zero principal bonds
To encourage social sector spending, markets regulator Sebi has suggested that the government should allow tax benefits to companies investing in zero coupon zero principal bonds issued by not-for-profit organisations listed at the social stock exchange. Talking to reporters here on Friday, Sebi’s Whole Time Member Kamlesh Chandra Varshney said the...
NSE chief cautions retail investors against derivatives trading
National Stock Exchange (NSE) chief Ashishkumar Chauhan on Friday cautioned retail investors against trading in derivatives and suggested them to invest in equities through mutual fund route. He emphasised that trading in Futures & Options (F&O) derivatives should be limited to informed investors who can manage risk and comprehend the market. Recently,...
Sensex, Nifty hit fresh lifetime highs on buying in blue chips HDFC Bank, Reliance
Benchmark equity indices Sensex and Nifty hit their new closing lifetime highs on Friday, following buying in market heavyweights HDFC Bank, Reliance Industries and Mahindra & Mahindra amid encouraging export data. However, foreign capital outflows amid lack of fresh triggers capped sharp gains, traders said. Rising for the third straight session, the...
Wholesale inflation rises for third straight month in May at 2.61 pc, food items costlier
The wholesale inflation rose for the third consecutive month in May at 2.61 per cent on account of rise in prices of food articles, especially vegetables, and manufactured items. The wholesale price index (WPI) based inflation was 1.26 per cent in the previous month. It was (-) 3.61 per cent in...
Ambuja Cements shares jump nearly 4 pc
Shares of Ambuja Cements on Friday climbed nearly 4 per cent to hit the 52-week high level after the company announced acquisition of Penna Cement Industries Ltd (PCIL) for an enterprise value of Rs 10,422 crore. The stock jumped 3.86 per cent to hit its 52-week high of Rs 690 on...
