Petrol and Diesel Rate today in Delhi, Kolkata, Chennai, Mumbai: Fuel rates were unchanged today Petrol, Diesel Price Today: Petrol and diesel prices remained unchanged across the four metros on Saturday, June 19, according to data by the Indian Oil Corporation. In Delhi, petrol is being sold at Rs 96.93 per litre, after …
Read More »Real Gross Domestic Product (GDP) Growth Likely To Be 8.7% This Fiscal, Says Motilal Oswal
India GDP Data 2020-21: The country’s GDP grew by 1.6 per cent in the last quarter of fiscal 2021 The Indian economy is likely to grow by 8.7 per cent in the current fiscal year 2021-22, projects domestic brokerage firm Motilal Oswal. The firm trimmed its projection of the real …
Read More »Power Grid Sheds Over 2% Even After Reporting 6% Rise In Profit In March Quarter
Shares of Power Grid Corporation settled 2.80 per cent lower at Rs 233 apiece on the BSE. Share price of Power Grid Corporation of India Limited edged lower by more than two per cent on Friday, June 18, after the company announced its January-March quarter results for the financial year …
Read More »Tube Investments Net Profit Rises 74% To Rs 129 Crore In March Quarter
Tube Investments of India (TII) reported a net profit of Rs 129 crore in the January-March quarter results for the financial year 2020-21, up 74 per cent year-on-year, compared to Rs 74 crore in the corresponding quarter of the previous fiscal. According to a regulatory filing by the company to …
Read More »Rupee Snaps 8-Session Losing Streak, Gains 22 Paise To Settle 73.86 Against Dollar
Rupee Vs Dollar Today: The rupee settled at 73.86 against the dollar Snapping its eight-session losing streak, the rupee rose 22 paise against the US dollar on Friday, June 18, to settle at 73.86, catching cues from the stronger Asian currencies and reduced crude oil prices. At the interbank foreign exchange …
Read More »COVID-19 Deals New Blow To Foreign Carmakers’ Indian Dream
A decade ago, India was widely tipped to be the world’s third-largest car market by 2020 Foreign automakers’ hopes of a booming Indian car market are fading fast as a brutal second wave of COVID-19 infections and limited government room for more stimulus spending suggest a recovery could lag far behind China and the …
Read More »Banks Directed To Disburse Pension Expeditiously For Elderly Amid COVID-19, Says Jitendra Singh
Minister of State for Personnel Jitendra Singh Banks have been instructed to disburse pension expeditiously to ensure “ease of living” for the elderly amid the COVID-19 pandemic, Minister of State for Personnel Jitendra Singh said on Friday. Instructions have also been issued that in case of death of a pensioner, …
Read More »Monetary Policy Committee Needs To Be Watchful On Inflation: Minutes
The monetary policy committee must be watchful of inflation expectations getting entrenched if prices remain elevated for too long, as it could undermine its hard-earned credibility in efficient inflation targeting, MPC member Jayant Varma wrote in the June meeting minutes published on Friday. “To maintain and enhance this credibility, the …
Read More »KEC International Gains Over 4% After Bagging Orders Worth Rs 937 Crore
Shares of KEC International settled 3.54 per cent higher at Rs 416.95 apiece on the BSE. Share price of KEC International Limited gained more than three per cent on Thursday, June 17, a day after the leading EPC player won orders worth Rs 937 crore across various businesses. On Thursday, KEC …
Read More »Rupee Records Biggest Daily Fall In Over 2 Months On Hawkish Fed
Long bets on most of Asia’s emerging currencies were trimmed, a Reuters poll showed The rupee saw its biggest single-day fall in more than two months on Thursday while bond yields rose as the U.S. Federal Reserve stunned investors by signalling it might raise interest rates as early as 2023, …
Read More »