Business

Petrol price in Delhi was hiked to Rs 74 per litre from Rs 73.40 while diesel rates were increased to Rs 72.22 a litre from Rs 71.62, according to a price notification of state oil marketing companies.

Shriram Transport, in its regulatory filing, stated that for the March 2020 quarter it has recorded a 70 percent dip in its consolidated net profit at Rs 223.38 crore.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

After opening at 34,520.79, the 30-share index turned choppy. It was trading 59.04 points, or 0.17 per cent, lower at 34,311.54.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

During the last fiscal, the company saw a sharp decline in its standalone total income to Rs 786.24 crore, as against Rs 4,709.48 crore in the year-ago fiscal.

Tata Steel was the top gainer in the Sensex pack, rising around 4 per cent, followed by ONGC, SBI, L&T, IndusInd Bank and Sun Pharma.

The Jio Platforms investment is the largest in an Indian firm by Mubadala, which is the second-biggest state investor in Abu Dhabi after Abu Dhabi Investment Authority (ADIA), managing about $240 billion in assets.

The board of directors in a meeting on Wednesday took note of the status of scheme of arrangement between Indus Towers and Bharti Infratel, the company said.

After swinging 599 points during the day, the 30-share index settled 128.84 points or 0.38 per cent lower at 33,980.70. It hit an intraday high of 34,310.14 and a low of 33,711.24.

The country had exported fish valued Rs 46,589 crore during the 2018-19 fiscal. The US, Middle East, UK and China are main export destinations for fish.

Crisil said the recession in the current fiscal (April 2020 to March 2021) is different as agriculture could soften the blow this time by growing near its trend rate, assuming a normal monsoon.

The methodology is oriented to make maximum coal available in the market at the earliest and it also enables adequate competition which will allow discovery of market prices for the blocks, the government said.

In the past few weeks, a number of tech-led businesses like Uber, Zomato and Swiggy have announced layoffs as the COVID-19 pandemic and lockdown dried up demand and ravaged businesses.

For fixed deposits of over five years but under ten years, the Mumabi-headquartered bank will be paying an additional interest of 0.75 per cent, the lender said in a statement.

In October last year, WeWork India's chief shareholder Jitu Virwani had said the company would be profitable by end of 2020.