The oil marketing companies (OMCs) hiked petrol and diesel prices on Saturday after keeping them stable on Friday. The petrol prices were raised by 35 paise per litre and diesel prices were hiked by 26 paise per litre in the national capital.Accordingly, the price of petrol and diesel increased to Rs 100.91 and Rs…
Share of Shilpa Medicare rallied over five percent after the company received in-principle approval from the Defence Research & Development Organisation (DRDO) to manufacture and sale of 2-Deoxy-D-Glucose (2DG). The Drug Controller General of India (DCGI) had granted emergency approval to 2DG for COVID-19 patients…
CEAT at its analysts meet laid down some ambitious targets, aiming for a leadership position in two-wheelers and passenger car radial tyres over the next five years. The company also launched some new tyres called the SecuraDrive.Amit Tolani, CMO, CEAT, said the company has seen demand buoyancy in the after-market…
The initial public offering (IPO) of India Pesticides, one of India’s leading agrochemical manufacturers, has been subscribed 4.79 times so far on June 25, the last day of the bidding process. The public issue received bids for 9.25 crore equity shares against the IPO size of 1.93 crore equity shares. The portion…
A lot has been happening in the metals sector globally. With Russia being a major producer and exporter of metals, recently decided to impose new export taxes on steel, copper, aluminium and nickel, starting from August 1, it could spell a lot of opportunities opening up for the rest of the world. Closer home, in the…
The crypto market traded broadly in green on Thursday and Bitcoin rose nearly 8 percent. The market received a price boost after a piece of unconfirmed news on Twitter claimed that Paraguay, a country in South America, aims to make Bitcoin a legal tender. The rally also comes ahead of quarterly futures an expiry on…
Gold prices in India traded flat on the Multi Commodity Exchange (MCX) Friday tracking a subdued trend in the international spot prices.At 10:50 am, gold futures for August delivery eased 0.04 percent to Rs 46,850 per 10 grams as against the previous close of Rs 46,870 and the opening price of Rs 46,948 on the MCX.…
Reliance has never lacked ambition. And its new energy and new materials plan unveiled at its annual general meeting on Thursday, while shocking in its audacity is not lacking in its believability. Executing mega-scale projects efficiently, economically, and swiftly is its core DNA. Over the years, many doubted…
Owing to the ongoing COVID-19 pandemic in the country, the government has extended the deadline to link the Permanent Account Number (PAN) and the Aadhaar card till June 30, 2021. According to the Central Board of Direct Taxes (CBDT), if the users failed to link the two by the stipulated deadline, their PAN cards may…
After the budget announcement on setting up a bad bank-like structure for faster resolution of NPA, the government may be ready with the blueprint. As has been proposed, NARCL will take over the bad loans from banks by paying 15 percent in cash and 85 percent as Security Receipts. The security receipts will be…