 "Crude oil prices plunge, prompting hopes for petrol and diesel price cuts in India after a prolonged freeze.")
Recent drops in crude oil prices have provided Indian oil Marketing companies with the opportunity to lower petrol and diesel prices by Rs 2-3 per litre, according to Icra. In September, crude oil prices averaged $74 per barrel, down from $83-84 earlier this year. Despite keeping fuel prices stable since March 2024, Icra suggests that ...
 "Nishant Pitti sells 14% stake in Easy Trip Planners, triggering a 15% share price drop amid significant market turbulence.")
Nishant Pitti, a co-founder of Easy Trip Planners, has sold a 14 percent stake in the company for Rs 920 crore through open Market transactions. The sale involved approximately 24.65 crore shares, with prices ranging from Rs 37.22 to Rs 38.28. Following this transaction, Pitti’s ownership in the company has decreased from 28.13 percent to ...
 "Syrma SGS Technology’s share price surged 7.3% after receiving a strong ‘IND A1+’ rating, signaling robust financial health and growth potential.")
Syrma SGS Technology’s share price saw a significant increase, rising 3.77% to Rs 456.85 on the BSE. Earlier in the day, it even hit an intraday high of Rs 472.5 after receiving an ‘IND A1+’ rating from India Ratings and Research for its Rs 110 crore Commercial Paper Program. This rating signifies strong safety for ...
 "Government privatizes Ferro Scrap Nigam Ltd, selling it to Japan’s Konoike Transport for Rs 320 crore, exceeding reserve price.")
The Indian government has approved the privatization of Ferro Scrap Nigam Ltd (FSNL), selling it to Japan’s Konoike Transport Co Ltd for Rs 320 crore. FSNL is a subsidiary of MSTC Ltd under the Steel Ministry and specializes in recovering and processing scrap from steel production. Konoike’s bid was the highest among two qualified offers, ...
 "SpiceJet sets a floor price to raise Rs 3,000 crore amid financial troubles and declining stock prices.")
SpiceJet, the budget airline, has announced a floor price of Rs 64.79 per share for selling securities to qualified institutional buyers. The airline aims to raise up to Rs 3,000 crore, following approval from its shareholders last week. According to their placement document submitted to the BSE, SpiceJet might offer a discount of up to ...
 "In August 2024, thali costs plummeted, driven by massive price drops in key ingredients like tomatoes and fuel, offering hope amid inflation.")
In August 2024, the cost of preparing a vegetarian thali at home decreased by 8 percent year-on-year, while non-vegetarian thali prices dropped by 12 percent. This decline was mainly due to significant price cuts in essential ingredients like tomatoes, which fell by 51 percent, and a drop in the cost of vegetable oil and spices. ...
 "Luxury Smartphones Surge: Consumers Embrace Rs 1 Lakh Price Tag Trend")
Despite high price tags, the demand for smartphones costing over Rs 1 lakh is increasing, driven by rising average selling prices, better financing options, and a wider range of products. Currently, this premium segment represents only about 1% of the overall smartphone Market, but it is expanding more rapidly than other categories, even as overall ...
Today’s Current Affairs Introduction In today’s current affairs, a significant update comes from Infinix as it prepares to launch its latest gaming-centric smartphone, the Infinix GT 20 Pro, in India. Scheduled for release on May 21, 2024, this new device promises an array of exciting features including a MediaTek chipset, up to 12GB of RAM, ...
Today’s Current Affairs: Maruti Swift Facelift On-Road Pricing Revealed The newly launched Maruti Swift facelift has caused a stir in the Indian Market with its updated features and refreshed look. However, the pricing has left many potential buyers scratching their heads, especially when compared to the more premium Maruti Baleno. With prices ranging from Rs ...
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