Rupee has been depreciating and seeing new lows. For now the gains in the dollar index and the surprising trade deficit which for June came in at record high is weighing on the rupee. As per a Reuters report, rupee wasRupee has been depreciating and seeing new lows. For now the gains in the dollar index and the surprising trade deficit which for June came in at record high is weighing on the rupee. As per a Reuters report, rupee was
Category: Finance
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IOC Delivers Cooking Gas, By Boats In Flood-Hit Assam
In flood-hit Assam, LPG delivery vans of PSU major Indian Oil Corporation (IOC) have been replaced by boats for the seamless supply of the fuel to keep the burner flames on, a senior official said on Tuesday. At least 180 peopleIn flood-hit Assam, LPG delivery vans of PSU major Indian Oil Corporation (IOC) have been replaced by boats for the seamless supply of the fuel to keep the burner flames on, a senior official said on Tuesday. At least 180 people
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RBI Imposes Penalty On IndusInd Bank, Karnataka Bank Of Around Rs. 1 Crore
On Monday, the apex banker RBI said that it has levied penalties amounting to around Rs. 1 crore each for not meeting regulatory compliances completely. Other than this the apex bank has imposed penalty on 4 other cooperative banks.On Monday, the apex banker RBI said that it has levied penalties amounting to around Rs. 1 crore each for not meeting regulatory compliances completely. Other than this the apex bank has imposed penalty on 4 other cooperative banks.
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Kellogg Loses UK Fight, To Block Ban On Sugary Cereal Promos
Breakfast food giant Kellogg Co. lost a legal bid on Monday to block new anti-obesity measures in England banning the promotion of sugary cereals. The US company that makes Coco Pops, Frosted Flakes, Frosties and Rice Krispies had challenged the UKBreakfast food giant Kellogg Co. lost a legal bid on Monday to block new anti-obesity measures in England banning the promotion of sugary cereals. The US company that makes Coco Pops, Frosted Flakes, Frosties and Rice Krispies had challenged the UK
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Germany Records 1st Export Deficit, In Over 30 Years
Germany recorded its first monthly trade deficit since 1991 in May as a result of higher import prices, figures released Monday show. The Federal Statistical Office said exports reached 125.8 billion euros ($131.5 billion) last month, while imports came in atGermany recorded its first monthly trade deficit since 1991 in May as a result of higher import prices, figures released Monday show. The Federal Statistical Office said exports reached 125.8 billion euros ($131.5 billion) last month, while imports came in at
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IT Rules: Social Media Cos Want Personal Liability Exemption, For Compliance Officers, Says Study
New Delhi, Jul 4 (PTI) Social media companies have expressed strong objection to the provision to hold chief compliance officers personally liable for failing to meet norms under the IT Rules as it may lead to increased censorship by the platforms,New Delhi, Jul 4 (PTI) Social media companies have expressed strong objection to the provision to hold chief compliance officers personally liable for failing to meet norms under the IT Rules as it may lead to increased censorship by the platforms,
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Petrol, Diesel Rate July 5, 2022: Check Today’s Fuel Rates
The prices of petrol and diesel remain unchanged on Tuesday, July 5, 2022. Prices of petrol remain at Rs 96.72 per litre while the diesel price is registered at Rs 89.62 per litre in the Delhi. The rate of one litreThe prices of petrol and diesel remain unchanged on Tuesday, July 5, 2022. Prices of petrol remain at Rs 96.72 per litre while the diesel price is registered at Rs 89.62 per litre in the Delhi. The rate of one litre
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Hotels, Restaurants Barred, From Levying Service Charge
Amid rising consumer complaints, the Central Consumer Protection Authority (CCPA) on Monday barred hotels and restaurants from levying service charge automatically or by default in food bills and allowed customers to file complaints in case of violation. The CCPA has issuedAmid rising consumer complaints, the Central Consumer Protection Authority (CCPA) on Monday barred hotels and restaurants from levying service charge automatically or by default in food bills and allowed customers to file complaints in case of violation. The CCPA has issued
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Paper Stocks In Demand Amid Ban, On Certain Single-Use Plastic Items
Stocks of companies related to paper industry have gained amid a ban on certain Single-Use Plastic (SUP) items that kicked in from Friday. Over the past one month, some of the paper manufacturers, including Seshasayee Paper, have risen in the rangeStocks of companies related to paper industry have gained amid a ban on certain Single-Use Plastic (SUP) items that kicked in from Friday. Over the past one month, some of the paper manufacturers, including Seshasayee Paper, have risen in the range
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Tata Power Inks Agreement With Tamil Nadu Government To Set Up Rs. 3000 Cr. Plant
Tata Power today announced that is has entered into an agreement with the government of Tamil Nadu for investing Rs. 3000 crore to set up a new plant for manufacturing solar cells and modules in Tirunelveli district of the state. {image-solarcells-1521886483.jpgTata Power today announced that is has entered into an agreement with the government of Tamil Nadu for investing Rs. 3000 crore to set up a new plant for manufacturing solar cells and modules in Tirunelveli district of the state. {image-solarcells-1521886483.jpg