Petrol And Diesel Prices On June 1 In Delhi, Mumbai, And Other Cities
Petrol and Diesel Price In India on June 1: The petrol and diesel prices remain unchanged for the tenth day running on Wednesday. Finance Minister Nirmala Sitharaman had announced a cut in excise duty on petrol and diesel earlier in May by 8 and 6 rupees per litre, respectively. Public sector Odisha Mining Corporation or…
Vipin Kumar
Toyota Missed April Production Target Due To Parts Shortage
Japan’s largest automobile company Toyota said on Monday that it missed the global production target for April due to the COVID-19 outbreak and parts shortage that slowed its post-pandemic recovery. Toyota is the world’s largest vehicle producer by sales, produced 692,259 vehicles last month, a 9.1% drop from the same month of last year and…
Himanshu
US Surpasses China And Become India’s Top Trading Partner
The United States of America (USA) surpassed China and became India’s biggest trading partner in FY22, reflecting a strong economic bond between the two countries. The Commerce ministry’s data shows that bilateral trade between the US and India stood at $119.42 billion in 2022 while it was $80.51 billion in 2020-2021. Exports to the US…
John David
India’s Q1 GDP Growth Slows From Previous 2 Quarters
India’s economic growth is likely to stumble again in the first quarter of this year due to Omicron-related restrictions and higher inflation, according to the reports. The reason behind this consecutive drop in the GDP is the surge in COVID-19 infection caused by the coronavirus variant – Omicron, which resulted in restrictions on the activity…
Govt. To Sell Entire Remaining Stake In Hindustan Zinc
The cabinet committee on Economic Affairs (CCEA) on Wednesday, 25 May, approved the sale of the entire remaining stake in the Hindustan Zinc Ltd (HZL). The government holds a 29.5% stake in HZL which would fetch the Centre Rs. 38,062 crores according to the closing price of the company’s share. Share of Hindustan Zinc surged…
Yash Sharma
Government Allows Duty-free Import Of Crude Soybean
The center has exempted duty and agriculture tax on yearly imports of 20 lakh metric tonnes of crude soybean and sunflower oil, said government sources on Tuesday. The duty-free import will be applicable for two financial years (2022-2023, 2023-2024), said the finance ministry. “This will provide significant relief to the consumers”, the government source added. …
Akasa Air Shares First Picture Of Boeing 737 Max Plane
Rakesh Jhunjhuwala-backed Akasa Air has shared the first picture of its Boeing 737 Max Plane. Akasa Air is expected to receive its first plane by mid-June and plans to launch its operations in July, after a delay of almost two months. The airlines released the first picture of the Max plane from the Boeing production…
Realtors Welcome Reduction in Import Duty On Raw Materials
The real estate experts have declared the government’s announcement for the calibration of custom duty on specific products and raw materials of steel and iron a timely move. They expect that this move will help boost the availability of raw materials domestically. Moreover, the real estate developers said that a decrease in import duty of…
Seetu kumar
PN Vasudevan Resigns As MD And CEO Of Equitas Bank
Equitas Small Finance Bank’s managing director and chief executive officer, PV Vasudevan, informed the board about his resignation on Thursday. Vasudevan is the founder of the Equitas Small Finance Bank. The board, in its meeting on 19th May, has taken the letter on record and wishes to take his deep contribution over the years on…
Alisha Torrent Appoints Purna Sadashiv As Head Of HR
Alisha Torrent Closures India Pvt. Ltd., the metals and chemical products manufacturing company has appointed Purna Sadashiv as Head of Human Resources. Featured in “The Best HR Leaders in 2022” edition of TradeFlock magazine, Purna Sadashiv was previously serving Genus Innovation Limited as Head of Human Resources. He is an accomplished human resources specialist with…
