(DJ) महंगे खाद्य सामान, विशेषकर के सब्जियों के दाम ने रिटेल महंगाई को सात महीने के उच्चतम स्तर पर पहुंचा दिया है। अक्टूबर महीने में रिटेल महंगाई दर बढ़कर 3.58 फीसद रही है। आपको बता दें कि सीपीआई (कंज्यूमर प्राइज इंडेक्स) आधारित महंगाई दर सितंबर महीने में 3.28 फीसद रही थी। इसका पिछला उच्चतम स्तर 3.89 फीसद का रहा जो कि इसी साल मार्च महीने में देखने को मिला था। वहीं, महीने दर महीने आधार पर अक्टूबर में कोर महंगाई दर 4.6 फीसद से घटकर 4.5 फीसद रही है। महीने दर महीने आधार पर अक्टूबर में शहरी इलाकों की रिटेल…
Author: Amit Bhanot
(Trend) From early 2001 to November 1, 2017, the State Oil Fund of Azerbaijan (SOFAZ) has received more than $127.3 billion as part of the project on developing the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea, a source in SOFAZ told Trend. “In January-October 2017, SOFAZ received over $5.195 billion within the ACG project,” said the source.The contract for developing the ACG field was signed in 1994. The proven oil reserves of the block near 1 billion tons. The shareholders of the project are BP (35.78 percent), Chevron (11.27 percent), Inpex…
(DNA) Oil and Natural Gas Corporation Ltd (ONGC) is not yet clear about the valuation of Hindustan Petroleum Corporation Ltd (HPCL), the oil marketing company it expects to acquire by around March next year.The country’s largest driller is working independently to arrive at a fair price for the deal.Shashi Shanker, chairman and managing director of ONGC, said that the “advisors are working on what amount needs to be shelled out for the acquisition”. The deal, which was announced in July this year, has a proposed arrangement of ONGC acquiring 51.11% of government stake in HPCL, which is among the largest…
(LiveMint) Reliance Jio Infocomm Ltd, the telecom arm of billionaire Mukesh Ambani’s Reliance Industries Ltd, is looking to refinance as much as $1.5 billion of debt from overseas lenders, according to two people directly aware of the company’s plans. “There are two bank facilities of $1 billion and $500 million each with tenors of 5.5 and 7 years, respectively,” said one of the two people cited above, requesting anonymity. “The company is in the midst of investor road shows which are being held in Tokyo, Taiwan and Singapore currently.” This is part of the overall refinancing of $2.5 billion of…
(ET) The Yogi Adityanath government has put on fast-track the plan to build international airports at the east and west ends of Uttar Pradesh by inviting bids to appoint a consultant for the greenfield airport at Jewar near Noida in western UP and releasing the entire budget of nearly Rs 200 cr for the Kushinagar airport near Gorakhpur in the east. This comes days after the government increased the air connectivity to the two existing international airports at Varanasi and Lucknow. The move is part of the government’s strategy to secure all round development of the state. “We are focussing both…
(ET) Many BJP MLAs are said to be apprehensive that PM Modi and party chief Amit Shah may implement their timetested formula of denying tickets to sitting members to beat anti-incumbency. However, some are hopeful that state’s new political matrix may force the high command to avoid antagonising them to check defections. Modi as Gujarat CM had denied tickets to 47 sitting MLAs in 2007 but the figure came down to around 30 in 2012, ostensibly in the wake of the challenge posed by Keshubhai Patel’s Gujarat Parivartan Party. In 2002, when Modi led BJP for the first time as CM…
(ET) A robust public sector banking system will have an increased ability to support economic growth, finance minister Arun Jaitley said on Sunday as the government moves to recapitalise state-run lenders burdened with bad loans. “When the system is making all these changes and all these monetary contributions in order to strengthen the banking system, we want robust public sector banking system so that your ability to support growth itself increases,” the finance minister said at ‘PSB a twoday conclave of public sector banks in Gurugram. Jaitley said the country was paying to keep the banking system in good health. He…
(HT) More than 120 people were killed in Iran and at least several others in Iraq on Sunday when a powerful magnitude 7.3 earthquake hit the region, state media in the two countries said, as rescuers stepped up efforts overnight to find dozens trapped under rubble. At least 129 people were killed in Iran’s Kermanshah province on the Iraqi border, the provincial deputy governor told state television. “There are still people under the rubble. We hope the number of dead and injured won’t rise too much, but it will rise,” Mojtaba Nikkerdar said. More than 60 of the victims were in…
When in May 2014, new government, led by iconic leadership of Hon’ble Prime Minister Narendra Modi took charge of the affairs of the country, Indian economy was in a really bad shape and country’s financial infrastructure was marred by menace of corruption. On one hand global financial situation was posing a mammoth threat for the country’s economy and on the other hand country’s own fiscal situation was at tenterhooks as fiscal deficit and inflation were at alarming levels, thereby putting enormous pressure on Rupee and GDP numbers. At that time a regressive strategy has been coined by the Union Government…
(PTI) With deadly smog blanketing Delhi and the neighbouring states for the third day, the National Green Tribunal today banned construction and industrial activities and entry of trucks, as it rapped the Delhi government and civic bodies over the situation.The state governments of Uttar Pradesh, Punjab, Rajasthan and Haryana were also directed to ensure that no crop residue is burnt and incentives are provided to farmers. “No construction activity will be carried out on structures until further orders… all industrial activities in Delhi-NCR which are causing emissions will also not be allowed to carry on their functioning” till November 14,…