Category: Business

Business

Petrol, diesel consumption rose in June despite price hikes

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Petrol, diesel consumption rose in June despite price hikes

Image for representational purposes only. | Photo Credit: Sushil Kumar Verma Consumption of petrol and diesel increased 7% and 5.52% respectively in June this year on a year-over-year basis whilst that of aviation turbine fuel (ATF) dipped marginally by 0.6%, according to latest provisional data from the Petroleum Planning and Analysis Cell (PPAC). June was…

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Business

June auto wholesales surges due to continued demand, Maruti, Tata, M&M report healthy growth

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June auto wholesales surges due to continued demand, Maruti, Tata, M&M report healthy growth

The sales momentum in the passenger vehicles segment continued in June 2026 led by double digit growth at most automobile companies notwithstanding the adverse impact caused on the economy by the West Asia conflict and the resultant increase in energy prices. Brushing aside concerns consumers went on buying their desired vehicles and demand outstripped supplies…

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Business

Stock markets bounce back after two days of decline; Sensex jumps 444 points, Nifty up 0.6%

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Stock markets bounce back after two days of decline; Sensex jumps 444 points, Nifty up 0.6%

Benchmark equity indices Sensex and Nifty rebounded on Wednesday (July 1, 2026) after two days of decline amid a positive trend in global markets and fall in crude oil prices. Also read | Rupee falls 67 paise to close at 95.23 against U.S. dollar The 30-share BSE Sensex climbed 443.97 points, or 0.58%, to settle…

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Business

Rupee falls 67 paise to close at 95.23 against U.S. dollar

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Rupee falls 67 paise to close at 95.23 against U.S. dollar

Representative image. | Photo Credit: Reuters The rupee depreciated 67 paise to close at 95.23 (provisional) against the U.S. dollar on Wednesday (July 1, 2026), as a strengthening dollar index weighed on emerging market currencies. Forex traders said the USD/INR pair witnessed significant pressure due to the strengthening of the American currency in the overseas…

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Business

Stainless Steel industry calls for National Policy and Anti-Corrosion Mission to curb corrosion, imports

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Stainless Steel industry calls for National Policy and Anti-Corrosion Mission to curb corrosion, imports

India’s stainless steel industry has urged the Centre to introduce a National Stainless Steel Policy and a National Anti-Corrosion Policy to strengthen domestic manufacturing, secure critical raw materials and accelerate the adoption of corrosion-resistant materials in infrastructure. This comes after reportedly annual economic losses of nearly ₹12 lakh crore incurred due to corrosion. Rising imports…

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Business

Price of commercial LPG, 5-kg FTL and domestic ATF reduced as conflict pressures ease

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Price of commercial LPG, 5-kg FTL and domestic ATF reduced as conflict pressures ease

The price cut on July 1 comes after four tranches of hikes that cumulatively increased the price of commercial LPG to ₹1,345 per cylinder since March 7. File Oil-marketing companies on Wednesday (July 1, 2026) reduced the prices of the commercial variant of liquefied petroleum gas (LPG) cylinders by an average of ₹180 per cylinder…

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Business

GST mop up grows 14% to ₹1.95 lakh crore in June

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GST mop up grows 14% to ₹1.95 lakh crore in June

Gross collections from domestic transactions were up 6.5% to about ₹1.35 lakh crore, while import revenues rose 34.6% to ₹60,038 crore. | Photo Credit: Getty Images/istockphoto GST collections rose 13.9% to about ₹1.95 lakh crore in June, government data showed on Wednesday (July 1, 2026). Gross collections from domestic transactions were up 6.5% to about…

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Business

Rupee falls 19 paise to 94.75 against U.S. dollar in early trade

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Rupee falls 19 paise to 94.75 against U.S. dollar in early trade

Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto The rupee fell 19 paise to 94.75 against the American currency in early trade on Wednesday (July 1, 2026), weighed down by the strength of the American currency in the overseas market. Forex traders said whenever fresh foreign inflows enter the country, the central bank…

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Business

Manufacturing PMI slows to 54.2 in June, second-lowest in four years

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Manufacturing PMI slows to 54.2 in June, second-lowest in four years

 The report says the primary driver of the slowdown was the capital goods sector, with the fall in growth rates in this area contrasting with accelerations at consumer and intermediate goods makers. (Representational image) | Photo Credit: Getty Images/iStockphoto Manufacturing activity slowed to 54.2 in June 2026, its second-lowest level in four years, according to…

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Business