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Public sector Oil Marketing Companies (OMCs) have reduced the price of 19 KG commercial LPG gas cylinders by Rs 158. The new prices will be effective from today. This comes after the central government reduced the price of domestic LPG cylinders by Rs 200 on the occasion of Raksha Bandhan. In July, the prices of commercial LPG gas cylinders were increased by Rs 7 each. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1VHzbM0

The government is considering to put stock limit on chana (gram) considering the increase in its prices in recent weeks. So far, stock limits have been imposed on wheat, tur and urad. The government may also scrap the tender for import of masur considering that the importers are quoting exorbitant prices. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0JQXLDd

The country’s economic growth in the April-June quarter of the current fiscal year touched a four-quarter high on the back of robust performances by services, farm, manufacturing and mining sectors and a favourable base, but patchy monsoon rains and a global slowdown could hurt expansion in the months ahead. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZmRAPf3

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Wall Street ended on a high note, driven by strong performances from Tesla, Nvidia, and other megacap growth stocks. The increase came after a drop in job openings, indicating a potential pause in interest rate hikes by the US Federal Reserve. The S&P 500 and Nasdaq both recorded their strongest gains in weeks, with all 11 S&P 500 sectors seeing growth. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/j6qc1Zp

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The government on Tuesday promised relaxations in the Rs 26,000-crore production-linked incentive (PLI) scheme for the auto sector, and said that it will extend the tenure of the zero-emission technology programme by one more year on demands made by the industry. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bXadjRE

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Reliance Industries, India’s largest company in terms of market value, has appointed chairman and managing director Mukesh Ambani’s three children — Isha, Akash and Anant — to the board, an indication that they will eventually helm the oil-to-telecom conglomerate. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4zPjDQx

The 46th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) is being held on Monday. The RIL AGM is a major event for the Indian business community. The announcements made at the meeting could have a significant impact on the Indian economy. Investors are therefore eagerly awaiting the meeting to hear what Mukesh Ambani and other RIL executives have to say. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qmXzKO4

The approach of digital public infrastructure (DPI), which has gained global prominence, can also help in area of climate adaptation and mitigation going forward, chairman and co-founder of Infosys and the founding chairman of UIDAI, Nandan Nilekani said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OxMcb4

After strong foreign fund flows into stocks over three months, pace of inflows ebbed in August with a net investment of Rs 10,689 crore on higher oil prices and resurfacing of inflation risks. Markets may remain volatile due to macroeconomic uncertainty and rising US bond yields. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/BL9ZvO4

The report released by real estate consultant Knight Frank India in association with the National Real Estate Development Council (NAREDCO) stated this estimated real estate output value will contribute 15.5 per cent to the total economic output in 2047 from existing 7.3 per cent. Private equity investments in the Indian real estate sector have consistently grown over the past two decades. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/JFd9nre

The Indian govt has taken a decisive step to curb the export of basmati rice priced below $1,200 per tonne. This measure is intended to counter the illicit practice of disguising non-basmati rice as premium basmati rice for unlawful shipment. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NT04OxR

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Foreign investors have slowed down their inflows into Indian equities in August due to higher crude oil prices, resurfacing inflation risks, and rising US bond yields. FPIs invested a net amount of Rs 10,689 crore in Indian equities this month, compared to over Rs 40,000 crore in each of the past three months. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/40KDOtv

The government is expected to take up the issue of penal charges levied by banks for non-maintenance of minimum balance with the Reserve Bank of India, as these yielded Rs 21,000 for state-run and private lenders over the last five years. While a government official insisted that state-run banks such as SBI do not adopt such practices, he acknowledged the problem and said the issue will be taken up with RBI. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/a3p8iot

The government is initiating fresh measures to ensure that rice prices remain under control and overall inflation comes down. On Friday, the Centre imposed 20% export duty on parboiled rice (rice partially boiled with husk), barely a week after imposing 40% duty on exports of onion. Besides, it is expected to notify a minimum export price (MEP) for basmati rice, pegged at $1,200 (Rs 99,000) a tonne. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ejJVFdN

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EU has proposed establishment of special courts to deal with cases involving violation of investment protection agreement, as it will provide comfort to investors and boost investment in India, EU trade commissioner Valdis Dombrovskis said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RdLETFK

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Shares of Jio Financial Services, the demerged financial services unit of Reliance Industries, fell by 5% on Wednesday to hit its lower circuit limit for the third day running. The stock declined 5% to hit its lower circuit limit of Rs 227 on the BSE. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9Rqs2Ai

Sam Bankman-Fried, the embattled crypto mogul, has allegedly been denied vegan meals and access to prescription medication in jail, according to his lawyers. They argue that they need better access to Bankman-Fried to build his defense case ahead of his October fraud trial. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Eh5Ky63

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Union food secretary Sanjeev Chopra told reporters on Wednesday that the target for procurement of rice was set after holding a meeting with food secretaries of all states. During the current kharif marketing season, which ends on September 30, the government agencies have procured 495 lakh tonnes of rice. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/w3Uhn5K

The Nasdaq and S&P 500 both rose on Monday, with Nvidia leading the gains in the technology sector. Investors are optimistic ahead of Nvidia's earnings report and have raised their price target on the stock. The Dow Jones ended slightly lower. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3N6QvdE

The move follows repeated attempts from New Delhi, which believes the agreement is not benefiting Indian exporters with commerce minister Piyush Goyal calling it "most ill-conceived". from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dDjn4r2

The Indian tech sector has seen a significant increase in the number of women employed in the past decade. In 2012-13, there were 9 lakh women employed in the sector, making up 30% of the workforce. Today, that number has doubled to over 2 million, accounting for 36% of the total workforce. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RyPkOal

The IPO of stainless steel flexible hose manufacturer Aeroflex Industries Limited (AIL) will open on August 22 and close on August 24. The company has already raised Rs 104 crore from anchor investors. The IPO includes a fresh issue of equity shares worth up to Rs 162 crore and an offer for sale of up to 1.75 crore equity shares by promoter body Sat Industries. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ixCcGMZ

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The consumer affairs ministry also announced to sell onions at Rs 25 a kg in areas where the retail price is above the national average price. The government-owned cooperative, National Cooperative Consumers' Federation (NCCF), will start providing onion at this subsidised rate from Monday. Around 10 mobile vans will be deployed in Delhi and more areas will be covered gradually. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dhC62bG

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"This is a significant milestone. It is heartening to see that more than half of these accounts belong to our 'nari Shakti. With 67% of accounts opened in rural and semi-urban areas, we are also ensuring that the benefits of financial inclusion reach every corner of our nation," the PM said on microblogging site X, formerly Twitter. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7nK5dtj

CaratLane recorded a turnover of Rs 2,177 crore for FY 2022-23, and the current transaction thus values the company at almost eight times its FY23 revenue. The deal is expected to be concluded on October 31, subject to approvals. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bXLMizo

The latest step comes after official data showed retail inflation, as measured by the consumer price index, soared to a 15-month high of 7.4% in July, up from the previous month's 4.9%. PM Modi, in his I-Day speech, promised to control inflation and minimise the burden on citizens. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DBuxiqH

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Borrower loan eligibility could drop while banks and finance companies will be forced to hike the EMI (equated monthly instalments) for some home loans when interest rates rise under the RBI’s new rules. Banks will henceforth have to give borrowers the option of shifting to a fixed rate loan at the time of reset of interest rates. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DULhtKO

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