Petrol, diesel prices hiked for the 1st time in 80 days as demand normalises : Bulletin: Business Today
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Petrol, diesel prices hiked for the 1st time in 80 days as demand normalises

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June 8, 2020

Adani bets big on India; says country will be world's biggest manufacturing hub

The recent slump in economic growth notwithstanding, India will be one of the world's top consumption centres and a manufacturing and services hub for the next several decades, billionaire Gautam Adani has said, stressing there is no better time to bet on India than now. Adani said there cannot be any denying the fact that India over the next several decades will be a market continuously on the up and one that simply cannot be ignored.

Jio raises Rs 5,683 crore from Abu Dhabi Investment Authority; total investments near Rs 1 lakh crore

Jio Platforms on Sunday announced an investment of Rs 5,683.50 crore by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, Reliance Industries Limited (RIL), parent of Jio Platforms, said in an exchange filing.

Coronavirus update: India reports nearly 10,000 cases in 24 hrs; tally surges to 2.56 lakh

Restaurants, malls, religious places reopen today

Amid the sharp uptick in coronavirus cases, India has reopened malls, religious places, and restaurants in a calibrated manner on Monday. All these places have reopened after a gap of 75 days. The government, on May 30, had announced three-phases of "unlock" to gradually reopen the economy after a lockdown was imposed on March 25.

Aadhaar cards, voter IDs to be shown as residence proof at Delhi hospitals

The Delhi government on Sunday outlined the documents city residents are required to furnish to avail treatment at hospitals run by it and those privately run. Delhi government-run hospitals will accept Aadhaar cards made before June 7, voter IDs, bank or post-office passbook, driving licence, income-tax return slips, latest water or telephone bill and postal department's post as proof of residence in Delhi, it said.

Race for Remdesivir: Five firms await nod from DCGI to manufacture coronavirus drug

As the number of cases increases in the country, companies await marketing approval from Drugs Controller General of India (DCGI) to roll out the experimental coronavirus drug Remdesivir in the country. However, it might be a while as the regulator has sought various sets of data from the companies. Five companies have applied for permission to manufacture Remdesivir in India after signing a licencing deal with original developer and drug maker Gilead.

Coronavirus crisis: Petrol, diesel prices hiked for the first time in 80 days as demand normalises

Fuel demand is returning to normal all over the world as lockdown restrictions are being lifted. Considering this, the state-run fuel retailers in the country have increased the price of petrol and diesel for the first time in 80 days by 60 paise each on Sunday.

Arvind Kejriwal health: Delhi CM develops fever, sore throat; to undergo coronavirus test

Liquor prices to come down as Delhi govt removes 70% corona tax on alcohol

The Delhi government has decided to withdraw the special corona fee levied at 70% on the MRP it had placed on the sale of all types of liquor in the state. The order will come into effect from June 10 onwards.  

Two-wheeler sales may witness double digit dip in FY21: Honda Motorcycle, Scooter India

Honda Motorcycle and Scooter India (HMSI) expects two-wheeler sales to remain in the slow lane this fiscal, with the coronavirus lockdown having already taken its toll on dispatches in the first quarter, a senior company official said.The company, however, remains optimistic on the long-term growth prospects of the domestic two-wheeler industry.



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