Tuesday, March 8, 2022

IGL raises CNG price by 50 paisa/kg in Delhi, NCR

Indraprastha Gas Ltd on Tuesday raised CNG prices in the national capital and adjoining cities by 50 paisa per kg but left PNG prices unchanged as higher use of imported gas to meet rising demand increased operational costs.

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Monday, March 7, 2022

46% Indians may drop air travel plans as Russia-Ukraine pushes up flight prices



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Government mulls edible oil import options

The prices of cooking oils, including sunflower, have been rising as disruption of supplies of sunflower oil due to the on-going Russia-Ukraine conflict threatens to make the situation worse. Prices of palm oil, soyabean oil have also gone up in the last few weeks.

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TCS' Rs 18,000 crore share buyback to open on March 9

Tata Consultancy Services (TCS) on Monday said its Rs 18,000 crore share buyback offer will open on March 9 and close on March 23. On February 12, the company announced the share buyback programme entailing 4 crore shares at Rs 4,500 apiece.

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Bombay HC asks all cab aggregators to apply for licenses

Observing that app based taxi firms such as Ola and Uber operating in Maharashtra without valid licenses was an instance of "complete lawlessness," the Bombay high court on Monday directed all such aggregators to apply for valid licenses by March 16 if they wish to continue operations.

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Indian mills sign sugar export deals for 62 lakh tonnes so far this year: AISTA

About 4.94 lakh tonnes of sugar is under loading/waiting for loading, All India Sugar Trade Association (AISTA) said in a statement.

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Sunday, March 6, 2022

Will Indian payment systems be able to deal with Russia-like sanctions?

The decision of Visa, Mastercard and PayPal to suspend their services in Russia as part of sanctions has drawn attention to the preparedness of the Indian financial system to deal with such denial of service.

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Homemakers get call for 1st office job

After encouraging women who’ve taken a break to return to the workplace through second-career programmes, organisations are extending hiring to ‘first-career homemakers’ — those who got married to start families and have never worked before.

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'Russia-Ukraine war to weigh on India's growth'

While retail inflation can be checked through a cut in excise duty on oil, it will disturb the government's budget. Reduced revenues will swell the fiscal deficit if spending is not cut. Alternatively, if the government decides to stay with the fiscal deficit target of 6.4% of GDP for FY23, capital spending is likely to be reduced, which would in turn depress growth.

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