Ferrari Unveils Luce, Its First Fully Electric Car
The Italian sports car maker unveiled Luce, its first all-electric model, on Monday amid wider worries about the luxury E.V. market. Source link
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With 4th hike in 11 days, petrol crosses Rs 100 a litre in capital
NEW DELHI: Petrol prices breached the Rs 100-a-litre-mark in the capital on Monday after state-owned oil companies effected the fourth hike in retail fuel rates in 11 days, raising petrol prices by another Rs 2.61 to Rs 102.12 a litre to cut losses from selling auto fuels below market cost. Petrol price was last past…
India has 78 days of crude stock, no shortage of LPG: Government to parliament panel
NEW DELHI: Petroleum ministry officials told a parliamentary panel on Monday that there is 78 days of crude stock and assured there is no shortage of LPG, in response to questions from several members over “long queues” at fuel stations in some parts of the country.The panel on transport, tourism and culture headed by JDU…
Stock market holiday: Will NSE and BSE remain closed for Bakri Eid this week?
Stock markets are set for a shortened trading week, with the National Stock Exchange and BSE scheduled to remain closed on Thursday, May 28, on account of Bakri Eid.This will be the second trading holiday in May after markets remained shut earlier this month on May 1 for Maharashtra Day.The holiday means equity, equity derivatives…
Nirmala Sitharaman: ‘Willing to listen to people’: Government open to feedback on LTCG, STCG taxes, says Nirmala Sitharaman
Union finance minister Nirmala Sitharaman on Monday said the government is willing to listen to concerns raised by stock market investors regarding the taxation framework for Long-Term Capital Gains (LTCG) and Short-Term Capital Gains (STCG).Speaking to reporters on the sidelines of the TEXPROCIL Export Awards event, Sitharaman said the Centre remains open to suggestions from…
ITC, LIC & more: Top stocks to watch on May 25 – Check list
Goldman Sachs has a neutral rating on ITC with the target price maintained at Rs 330. Analysts said the company’s Jan-March quarter (Q4FY26) earnings numbers are not comparable on a yearly basis (YoY) due to cigarette tax structure change. They expected peak earnings impact from cigarette tax hike in Q1FY27. They estimate cigarette volume decline…
Toshifumi Suzuki, Who Made 7-Eleven a Giant in Japan, Dies at 93
He spent four decades building the convenience store chain into a cornerstone of daily life. Source link
Timeline of petrol, diesel price hike: How rates have risen by Rs 7.5 litre in just 11 days – which cities have highest prices?
Economists are of the view that if global crude oil prices remain high, a hike in petrol and diesel prices every few days may be the new reality. (AI image) Petrol and diesel prices were increased again on Monday by Rs 2.61–2.71 per litre as state-run fuel retailers continued to pass on the impact of…
Even After a Strait of Hormuz Deal, Moving 1,500 Ships Won’t Be Easy
An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months. Source link
US-Iran war impact on India: FM Sitharaman stresses on 3Fs – fuel, fertilisers & forex; here’s why
FM Sitharaman has stressed the need to closely monitor the three critical areas of fuel, fertiliser, and foreign exchange. (AI image) A prolonged US-Iran conflict has finally begun to hit India home, with economists signalling that the longer the crisis continues, the more difficult the situation would become for the economy. Finance Minister Nirmala Sitharaman…