Category: BUSINESS
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Check the most recent rates in your city for petrol and diesel on June 29
On Thursday, prices for petrol and diesel stayed basically unchanged. Since the previous rate adjustment in May 2022, fuel prices have remained constant throughout the last 12 months. Depending on the local taxes, value-added tax (VAT), and other fees, such as goods, various states apply varying rates.
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The government has released a draught of the Green Credit scheme guidelines
The drafted Green Credit Programme Implementation Rules 2023 have been released by the government to encourage different stakeholders’ voluntary environmental efforts. According to a notification released by the Environment Ministry, the Green Credit programme encourages private sector businesses and other entities to fulfil their current legal obligations by engaging in activities that can overlap with…
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Rupee Depreciates 2 Paise Against the US Dollar To Finish At 82.04 On Strong Crude Oil Prices
On Wednesday, the rupee lost 2 paise to end the day at 82.04 (provisional) versus the US dollar due to rising dollar prices and stable oil prices on the global market. Fresh foreign portfolio investments into equities and a record-breaking run in local stocks, according to experts, limited the rupee’s slide.
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According to a report by RBI, Indian Banks’ Gross NPA increases and drops to a 10-year low of 3.9% in March 2023
According to the Reserve Bank of India (RBI), in its biannual Financial Stability Report (FSR) published on Wednesday, the gross non-performing assets ratio for Indian banks has maintained its downward trend and dropped to a 10-year low of 3.9% as of March 2023. The RBI said in the paper that in the base case, the…
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IndiGo becomes the first airline in India to surpass Rs 1 billion in market capitalization
After its shares increased by about 30% so far this year to close at a record high of Rs 2,618.10 per share on the BSE on Wednesday, InterGlobe Aviation Ltd, which owns budget airline IndiGo, became India’s first aviation company to cross the Rs 1 trillion market capitalization (mcap) threshold. IndiGo’s shares on the BSE…
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The price of sugarcane has increased by Rs 10 to Rs 315 per quintal for the season 2023–24
The Fair and Remunerative amount (FRP), the minimum amount mills must pay sugarcane producers for the 2023–24 season beginning in October, was raised by the government on Wednesday by Rs 10 to Rs 315 per quintal. The Cabinet Committee on Economic Affairs meeting, presided over by Prime Minister Narendra Modi, decided to raise the FRP…
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The government wants industry input on the PLI program to make it more effective
According to a formal statement released on Wednesday, the government has requested comments from the sector on the production linked incentive (PLI) system with a view to improving its efficacy. The commerce and industry ministry, which oversees the program, also asked PLI recipients to bring up any procedural difficulties or problems with the relevant implementing…
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Phase 4 Housing Scheme Registration Will Open With 5,500 Flats Available, Per DDA
As part of its Phase IV housing scheme, the Delhi Development Authority (DDA) will start accepting online registrations for 5,500 apartments on June 30. There are apartments in Jasola, Dwarka, Lok Nayak Puram, Rohini, Siraspur, and Narela as well as apartments for the economically weaker section and those with modest incomes. There will be a…
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Informal Guidance Plan: Sebi Stops Accepting Demand Drafts for Fee Payment
The authority on capital markets, Sebi, said on Tuesday that it would no longer accept draft demand letters asking informal assistance regarding the application of regulations. The regulator will now receive the charge as a direct bank deposit into its account. Through Sebi’s Informal Guidance Scheme, certain companies may ask the markets regulator for informal…
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Users of Twitter Blue may now tweet for as long as 25,000 characters
Twitter has once again raised the maximum character limit for a tweet for Blue members to 25,000. In February, the corporation raised the character restriction to 4,000, then in April, it was raised to 10,000.