BUSINESS
'Interests of Subhash Chandra, Punit Goenka in direct conflict with interests of public shareholders & Zee Enterprises'
While the Entities may argue that even the limited restraint noted above will be excessive and disproportionate in the matter, it is emphasized that the imminent effect of permitting the Entities to be in position of influence is that the ongoing investigation cannot be fair and complete.
'G20 nations praise India's digital public goods infra': Sitharaman
"Today, when I address the G20 nations, we are proud to highlight that all of them admire India for its prolific use of technology and its leadership in utilising digital public goods. A significant portion of our Indian youth are making remarkable contributions in these areas," she said in a video address.
Centre hikes windfall tax on crude, diesel and jet fuel
The windfall tax on crude oil will increase from Rs 4,250 to Rs 7,100 per tonne, according to a gazette notification issued on Monday.
Hero Motocorp receives Munjal family settlement agreement
The purpose of the Agreement was the division of BML Munjal Group Entities, including the Listed entity between the parties to the Agreement.
Centre directs NAFED, NCCF to sell tomatoes at Rs 50 per kg
Incidentally, the direction has come on a day when India's retail inflation measured by consumer price index (CPI), saw a huge rise to 7.44 per cent in July owing to hike in food prices, as food inflation also witnessed a massive jump of 11.51 per cent, owing to high prices of commodities like tomatoes, cereals, pulses and milk products.
Market consolidating at higher levels in absence of any positive trigger
Domestic equities had weak handover from its global peers as high US inflation and mounting trouble in China's real estate market dented the sentiments. Even on the domestic front, IIP data came at 3 months low.
India's trade deficit stands at $20.67 billion for July 2023
Trade deficit for the corresponding period of last year stood at $25.43 billion.
Retail inflation jumps to new high of 7.44% in July
The rise in retail and food inflation in July is huge compared to the fact that retail inflation in June was 4.87 per cent, while food inflation was 4.55 per cent.
SEBI seeks 15 more days from SC to conclude probe in Adani-Hindenburg case
The market regulator said that it has examined 24 matters in compliance with orders of the top court and “out of the said 24 investigations/ examinations, 17 are final and complete."
Lower rice and pulses sowing has pushed prices higher
Deficient monsoon in states (with 24 per cent share), such as Uttar Pradesh (14 per cent below normal), Karnataka (10 per cent below normal), Andhra Pradesh (9 per cent below normal), and Jharkhand (37 per cent below normal) coupled with large excess rainfall in the states (24 per cent share) of Gujarat (38 per cent above normal) and Rajasthan (39 per cent above normal) is affecting sowing of pulses. Lower irrigation cover in all the major states would affect pulses production more. Inflation in pulses has nearly doubled in the past five months, the report said.
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