The price hike — 27th in seven weeks — pushed fuel prices across the country to new historic highs. Among the metros, petrol is already above Rs 100 in Mumbai, Hyderabad and Bengaluru.
This would have made the US-based private equity giant a majority shareholder in the company and brought down the stake of Punjab National Bank in its housing finance subsidiary to under 26%.
The clarification comes amid reports that forming an expert group on the issue with a three-year term is an attempt to delay fixing minimum wages and national floor wages.
The DoT’s response came on queries seeking to know whether it had, since 2018, received any communication or proposal for setting up of satellite broadband in India from Amazon, OneWeb, SpaceX or any of their subsidiaries.
In the reporting week ended June 11, the rise in reserves was on account of an increase in foreign currency assets (FCA), a major component of the overall reserves, the RBI’s weekly data showed.
The departure of Guillen, one of Tesla's top four leaders, including CEO Elon Musk, has sparked market concerns about Tesla's future vehicle programs like the Semi electric trucks and new batteries called 4680 cells.
The strategic shift reflects PayPal's growing power in online transactions, which surged during the Covid-19 pandemic.
Boeing's 230-seat 737-10 is designed to close the gap between its 178-to-220-seat 737-9, and Airbus's 185-to-240-seat A321neo, which dominates the top end of the narrow-body jet market
This, along with other items is on the agenda of the company’s extraordinary general meeting scheduled to be held in the Capital on July 12.
Mutual funds can enter into plain vanilla Interest Rate Swaps (IRS) for hedging purposes.
“Air India through MSTC invites e-auction bids for sale of the properties located across India,” according to a public notice.
Under the goods and services tax (GST), any catering service, including mid-day meals, provided to an educational institution is exempt from the levy.
The RBI in a statement said an in-principle approval was given after Centrum Financial Services submitted an expression of interest for PMC Bank.
According to the MPC minutes, the dent on economic activity due to the second wave of the virus has necessitated the continuation of monetary measures to support the process of economic recovery to make it durable.
There are some time-tested ideas which when combined with the new lessons that we have drawn from this rare experience, can help you transition into a financially secure and healthy future in the new normal that has emerged.
The country's second largest passenger vehicle maker is looking to further consolidate its position in the fast-growing SUV segment with the introduction of Alcazar which comes with six and seven seat configurations.
hile the funds classified as 'customer account deposits' have actually declined from CHF 550 million at the end of 2019 and those through fiduciaries also more than halved from CHF 7.4 million, the money held via other banks rose sharply from CHF 88 million in this period.
The three-day initial public offer (IPO) will open on June 23 and conclude on June 25. The bidding for anchor investors will open on June 22, according to the company.
The 58-year-old tycoon has lost more money this week through Thursday than anyone else in the world, with his personal fortune tumbling by about $13.2 billion to $63.5 billion, according to the Bloomberg Billionaires Index.
At the interbank foreign exchange, the rupee opened lower at 74.10 against the dollar and lost further ground to touch 74.23, registering a fall of 15 paise over its previous close.
The 30-share BSE index was trading 220.53 points or 0.42 per cent higher at 52,543.86 in initial deals. Similarly, the broader NSE Nifty advanced 53.70 points or 0.34 per cent to 15,745.10.
Petrol and diesel prices: The price of petrol in Delhi currently stands at Rs 96.93 per litre while diesel is now selling at Rs 87.69. In Mumbai, petrol costs Rs 103.08, while diesel is retailing at Rs 95.14. In Bengaluru, petrol hit the Rs 100-mark and stands at Rs 100.17. Read below to find out fuel prices in your city.
“Flipkart filed its petition on Wednesday, while Amazon filed it on Thursday. Both are separate appeals. The bench is likely to take up the matter on Friday,” a source aware of the matter said. Flipkart and Amazon didn’t comment.
A survey by the Confederation of Indian Industry (CII) found that the second wave of Covid-19 infections had led to a significant fall in production and sales for Indian firms, with 79 per cent of them expecting lower production and sales in the April-June quarter.
Foreign exchange reserves reached an all-time high of $605.0 billion on June 4, 2021.