Category: Business

Business

Vedanta ran covert lobbying campaign to weaken environmental laws: OCCRP

September 1, 2023 admin

File picture of the Vedanta logo outside its headquarters in Mumbai | Photo Credit: Reuters Mining and oil giant Vedanta ran a covert lobbying campaign to weaken key environmental regulations during the pandemic, OCCRP alleged in a new report. The not-for-profit organisation said the Indian government approved the changes without public consultation and implemented them…

Business

S&P Global India Manufacturing PMI signals August activity hit nearly three-year high

September 1, 2023 admin

Representational image only. | Photo Credit: The Hindu Manufacturing firms’ order books and output levels expanded at the fastest pace in nearly three years this August, as per the S&P Global India Manufacturing Purchasing Managers’ Index (PMI) that rose to 58.6 last month from 57.7 in July. A reading of over 50 on the index…

Business

Public sector Oil Marketing Companies (OMCs) have slashed the price of 19 kg commercial LPG gas cylinders by ₹158. The new prices will be effective from today. In Delhi, the retail price of the 19 kg commercial LPG cylinder will be ₹1,522

September 1, 2023 admin

File picture of workers loading LPG cylinders on to a truck. | Photo Credit: Reuters Public sector Oil Marketing Companies (OMCs) have slashed the price of 19 kg commercial LPG gas cylinders by ₹158, according to the sources. The new prices will be effective from today. In Delhi, the retail price of the 19 kg commercial…

Business

Sensex, Nifty rise in early trade

September 1, 2023 admin

Representational image only. | Photo Credit: Reuters Equity benchmark indices Sensex gained more than 140 points and Nifty rose 57 points in early trade on September 1 as investors seemed to be relatively cautious amid mixed global cues. Economic growth of 7.8% in the three months ended June, the highest in the past four quarters,…

Business

Rupee rises 9 paise to 82.61 against US dollar in early trade

September 1, 2023 admin

The rupee appreciated by 9 paise to 82.61 against the US dollar in early trade on Friday, September 1, 2023 tracking cues from positive domestic equity markets on the back of robust macroeconomic data. However, outflow of foreign funds and crude prices hovering around USD 87 per barrel weighed on the domestic unit, according to…

Business

Government exempts LPG imports from agri cess

September 1, 2023 admin

Image used for representational purpose. | Photo Credit: Thulasi Kakkat The government has exempted imports of LPG, liquified propane and liquified butane from 15% agri cess with effect from September 1. The government had in July imposed a 15% agri cess on imports of these goods. Also read | Centre slashes LPG prices by ₹200…

Business

Government Exempts LPG Imports From Agriculture Cess

September 1, 2023 admin

The government had in July imposed a 15 per cent agri cess on imports of these goods. New Delhi: The government has exempted imports of LPG, liquified propane and liquified butane from 15 per cent agri cess with effect from Friday. The government had in July imposed a 15 per cent agri cess on imports…

Business

Explained | Decoding the OCCRP’s Adani report

August 31, 2023 admin

The story so far: In its order dated March 2, on the batch of petitions concerning the Adani-Hindenburg matter, the Supreme Court of India had directed the Securities and Exchange Board of India (SEBI) to conduct investigations in accordance with specific terms of reference. The first term was to probe whether there has been a…

Business

Chief Economic Adviser V Anantha Nageswaran’s Prediction On India’s GDP Growth, Fiscal Deficit

August 31, 2023 admin

The Chief Economic Advisor was briefing media following the release of first quarter GDP numbers. (File) New Delhi: Chief Economic Adviser V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August. India recorded economic growth of 7.8 per cent in…

Business

Core sectors grew 8% in July, but output 2.2% below June levels

August 31, 2023 admin

Photo used for representation purpose only. All of India’s eight infrastructure industries reported growth for the first time in 14 months this July. Electricity output grew 6.9% in July, the fastest pace since February this year. File | Photo Credit: M. Srinath All of India’s eight infrastructure industries reported growth for the first time in…

Business