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    Petrol, diesel price move up by a higher margin

    Petrol and diesel rates rose sharply on Friday as global oil prices remained firm reaching its highest levels this fiscal.Petrol price increased by 19 paise per litre to Rs 81.89 per litre on Friday from Rs 81.70 per litre on the previous day.Diesel price, on the other hand, increased by a higher margin of 24 paise to Rs 71.86 a litre, up from Rs 71.62 a litre on the previous day. Oil companies...

    • 7 hrs ago
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    Risk premium for Basel III instruments to increase: ICRA

    The risk premium for Basel III security instruments is expected to increase for weaker banks with the Reserve Bank of India (RBI) on Thursday asking Lakshmi Vilas Bank to write down Rs 318.20 crore of its Tier 2 bonds, said a senior official of credit rating agency ICRA Ltd."RBI has set a precedence with the proposed write off as it first time a Tier II bond is being written off.

    • 7 hrs ago
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    Nivar weakens into low-pressure area over south Andhra

    The very severe cyclonic storm Nivar weakened into a well-marked, low-pressure area over south coastal Andhra Pradesh and adjoining west central Bay of Bengal by Friday morning."The associated cyclonic circulation now extends up to 4.5 km above the mean sea level," a Met official said, adding that it was very likely to move nearly northwards and weaken into the low-pressure area...

    • 7 hrs ago
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    Chhattisgarh to commence paddy procurement from Dec 1

    The Chhattisgarh government will commence the paddy procurement process from December 1, Chief Minister Bhupesh Baghel has said.In all, 21,48,606 farmers have registered themselves for paddy procurement at the minimum support price (MSP) in more than 2,000 cooperative societies in the state. A total of 19,55,236 farmers ad registered for paddy sale in 2019. The total area under paddy...

    • 7 hrs ago
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    Keep aside amount equivalent to LVB's share capital: Madras HC to DBS Bank India

    The Madras High Court on Friday passed an order, asking DBS Bank India Ltd to give an undertaking that it would compensate the shareholders of 94-year-old Lakshmi Vilas Bank (LVB) in case the writ petition filed against the amalgamation scheme is decided against it, said the petitioner's advocates. The court also orders DBS Bank India to open a reserve account...

    • 7 hrs ago
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    GDP contraction shrinks to 7.5%, CEA says 'encouraging'

    Chief Economic Adviser (CEA) Krishnamurthy Subramanian on Friday described the narrowing of GDP contraction to (-)7.5 per cent in the second quarter of FY21 as "encouraging" in the backdrop of the Covid-19 pandemic.Addressing the media through a video conference, the CEA said that the severe economic impact during the first quarter (April-June), which witnessed a massive...

    • 7 hrs ago
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    Profit booking, global volatility dent equities, IT stocks fall

    The Indian equity markets closed on a flat-to-negative note on Friday as minor profit booking, along with global volatility, dented investors' sentiment.Both the key Indian equity benchmark indices -- S&P BSE Sensex and the NSE Nifty50 -- ended lower in a highly volatile session.Globally, Asian and European stocks were mixed amid thin trading volumes, as investors were...

    • 7 hrs ago
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    Ministry of Ports begins public consultation on draft Merchant Shipping Bill

    The Ministry of Ports, Shipping and Waterways has issued a draft of the Merchant Shipping Bill, 2020 for public consultation. The Bill aims to repeal and replace the Merchant Shipping Act, 1958 and the Coasting Vessels Act, 1838 with a up-to-date legislation incorporating the best practices adopted by other advanced countries like the US, Japan, UK, Singapore and...

    • yesterday
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    Petrol and diesel prices rise again

    Petrol and diesel prices rose sharply on Thursday after a day's pause as global oil prices remained firm reaching the highest levels this fiscal.Petrol prices increased by 11 paise per litre to Rs 81.70 per litre on Thursday from Rs 81.59 a litre on the previous day.Diesel prices, on the other hand, increased by a higher margin of 21 paise to Rs 71.62 a litre, up from Rs 71.41 per litre on the previous...

    • yesterday
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    VW to face action for cheat devices, SC junks plea on quashing FIR

    The Supreme Court on Thursday dismissed a special leave petition (SLP) filed by German car manufacturer Skoda-Volkswagen (VW) seeking to quash an FIR registered over alleged installation of cheat emissions devices in its vehicles.A bench headed by Chief Justice S.A. Bobde dismissed the SLP filed by the German car manufacturer.

    • yesterday

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