New Delhi: Petrol and diesel prices on Thursday were hiked by 25 paise per litre each, the second straight day of increase in rates that took the prices to new highs. Petrol now costs Rs 84.70 per litre in Delhi and diesel is priced at Rs 74.88, according to a price notification from oil marketing companies. […]
It was tough for precious metals on the bourses on Friday as both gold and silver futures tumbled in line with the international market, media reports said. On Multi Commodity Exchange of India (MCX), Gold Futures for February delivery slipped by Rs 2086 or 4.10% as compared to previous day’s closing price. Silver futures were […]
India’s 2 per cent digital services tax on e-commerce supply discriminates against US companies and is inconsistent with international tax principles, according to a US Trade Representative (USTR) investigation. The finding paves the way for potential retaliatory tariffs but the USTR did not immediately specify actions to counter such taxes. USTR’s investigation said the Indian […]
With the interconnect usage charges (IUC) regime for domestic voice calls coming to an end, Reliance Jio on Thursday said that all calls from its network to other networks anywhere in India will be free from January 1, 2021. As per the telecom regulator’s directions, ‘Bill and Keep’ regime is being implemented in the country […]
Food Corporation of India (FCI), the state grain procurement agency, buys rice and wheat from growers every season at guaranteed prices but farmers fear that those purchases may end under new agricultural laws at the centre of recent protests. Farmers say the new laws will shut the regulated wholesale markets they depend on to take […]
A report issued by Motilal Oswal Financial Services has said that Reliance Industries has emerged as the biggest wealth creator over the last 25 years. As per the 25th edition of Motilal Oswal Financial Services’ annual wealth creation study, the Indian conglomerate accounted for Rs 6.3 trillion in wealth created since the year 1995 to […]
The price of Liquefied Petroleum Gas (LPG) has been hiked again. The price of a 14.2 kg LPG cylinder for domestic use has been increased by Rs 50. The price of 5kg short cylinder has been increased by Rs 18 and the price of a 19 kg cylinder has been increased by Rs 36.50. According […]
The rupee strengthened by 5 paise to 73.59 against the US dollar in opening trade on Monday, supported by foreign portfolio inflows and strong opening in domestic equities. At the interbank forex market, the domestic unit was trading in a narrow range against the US dollar, it opened at 73.62 against the greenback, then gained […]
Reliance Jio has plans to launch 5G services in the second half of 2021, Reliance Industries Chairman Mukesh Ambani said on Tuesday. Speaking at the India Mobile Congress, Ambani said policy steps are needed to accelerate an early rollout of 5G, and to make it affordable and available everywhere. “I assure you that Jio will […]
New Delhi: Petrol and diesel prices rose for the sixth day in a row on Monday as rates went up by 26-30 paise per litre. Petrol price was hiked by 30 paise per litre and diesel by 26 paise, according to a price notification of oil marketing companies. Rates for petrol in Delhi rose to Rs […]