The US will release 1 million barrels of oil per day from its strategic petroleum reserve for the next six months, President Joe Biden has announced, as he tried to keep the oil prices under control with the largest-ever release from its emergency oil stash. Biden's move comes after Russia's invasion of Ukraine had sent [...]
New Delhi, Apr 1 (PTI) State-owned Engineers India Ltd (EIL) has signed a memorandum of understanding (MoU) with Numaligarh Refinery Ltd (NRL) for the development and commercialization of technologies. The MoU was signed on March 31, 2022, the company said in a statement. "Under the MoU, EIL and NRL will jointly develop and license indigenous [...]
New Delhi, Apr 1 (PTI) Brick kilns can opt for a composition scheme to pay a 6 per cent GST without input tax credit (ITC) beginning Friday, higher than 5 per cent earlier.Those businesses who do not wish to opt for the composition scheme would be subject to 12 per cent Goods and Services Tax [...]
New Delhi, Apr 1 (PTI) The Karnataka government has started procurement of ragi at the minimum support price while for maize it has not yet sought permission from the Centre, Union Food Minister Piyush Goyal said in the Rajya Sabha on Friday.JDS supremo H D Deve Gowda, during the Question Hour, said no step has [...]
New Delhi, Apr 1 (PTI) Guar seed prices on Friday rose by Rs 155 to Rs 6,331 per 10 quintals in futures trade after speculators increased their positions driven by a firm trend in spot market. On the National Commodity and Derivatives Exchange, guar seed for April contracts increased by Rs 155 or 2.45 per [...]
New Delhi, Apr 1 (PTI) Guar gum prices on Friday surged by Rs 498 to Rs 12,172 per five quintals in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery traded higher by Rs 498 or 4.09 per cent to Rs 12,172 [...]
New Delhi, Apr 1 (PTI) Automaker Kia India on Friday reported its best-ever monthly sales in March at 22,622 units.The company said its wholesales last month increased by 18 per cent to 22,622 units compared to the same month last year.In March, Seltos remained the company’s best-seller with 8,415 unit sales, while the newly launched [...]
New Delhi, Apr 1 (PTI) Crude oil futures on Friday dropped by 3.34 per cent to Rs 7,507 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for April delivery fell by Rs 259 or 3.34 per cent to Rs 7,507 per barrel with a business volume [...]
New Delhi, Apr 1 (PTI) Financial services platform KFin Technologies has filed preliminary papers with market regulator Sebi to raise Rs 2,400 crore through an Initial Public Offering (IPO). The IPO is entirely an Offer-For-Sale (OFS) by promoter General Atlantic Singapore Fund Pte. Ltd, according to the Draft Red Herring Prospectus (DRHP). The company will [...]
New Delhi, Apr 1 (PTI) Power giant NTPC on Friday announced the commercial operation of 22 megawatts of floating solar capacity in Kayamkulam, Kerala.The capacity, which began commercial operation on Thursday, is part of its 92 MW Kayamkulam floating solar PV project, NTPC said in a statement."Consequent upon successful commissioning, the first part capacity of [...]
