10 things you need to know before the opening bell on September 1
5 Minutes Read
Petrol, diesel prices get cheaper today; check latest rates here
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
The oil marketing companies reduced prices of petrol and diesel by up to 15 paise on Wednesday after keeping them unchanged for seven straight days.
The oil marketing companies reduced prices of petrol and diesel by up to 15 paise on Wednesday after keeping them unchanged for seven straight days.
Accordingly, the price of petrol and diesel was cut to Rs 101.34 and Rs 88.77 per litre respectively in Delhi, as per Indian Oil Corporation, the country’s largest fuel retailer. In Mumbai, the petrol price was decreased to Rs 107.39 per litre on Wednesday. The cost of diesel was dropped to Rs 96.33 a litre.
Also read: Catch all market related updates for today
The prices of petrol and diesel are reviewed by oil marketing companies such as state-run Indian Oil Corporation Limited (IOCL), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) on a daily basis and any revision is implemented from 6 am in the morning.
Oil companies revise rates of petrol and diesel daily based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.
Globally, oil settled down 1 percent on Tuesday, posting its first monthly loss since March, as demand is expected to drop after Hurricane Ida shuttered U.S. Gulf refineries, according to news agency Reuters.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
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Most Reads
View Alltoday's market
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -72.15 |
| sensex | ₹1,882.60 | +28.30 |
| nifty IT | ₹2,206.80 | +30.85 |
| nifty bank | ₹1,318.95 | -14.95 |
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -7.15 |
| sensex | ₹1,882.60 | +8.30 |
| nifty IT | ₹2,206.80 | +3.85 |
| nifty bank | ₹1,318.95 | -1.95 |
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -72.15 |
| sensex | ₹1,882.60 | +28.30 |
| nifty IT | ₹2,206.80 | +30.85 |
| nifty bank | ₹1,318.95 | -14.95 |
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -7.15 |
| sensex | ₹1,882.60 | +8.30 |
| nifty IT | ₹2,206.80 | +3.85 |
| nifty bank | ₹1,318.95 | -1.95 |
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -7.15 |
| sensex | ₹1,882.60 | +8.30 |
| nifty IT | ₹2,206.80 | +3.85 |
| nifty bank | ₹1,318.95 | -1.95 |
Currency
| Company | Price | Chng | %Chng |
|---|---|---|---|
| Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
| Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
| Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
| Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
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IPOs in September 2021: Vijaya Diagnostic, Ami Organics, MobiKwik and others
Here’s a look at buzzing stocks for trade on September 1
The Indian equity indices are likely to open flat Wednesday amid mixed global cues.
Here are the top 10 buzzing stocks for today:
1. Maruti Suzuki: The company estimates that the total vehicle production volume in Gujarat and Haryana plants could be around 40 percent of normal production. Owing to a supply constraint of electronic components due to the semiconductor shortage situation, the company is expecting an adverse impact on vehicle production in the month of September in both Haryana and its contract manufacturing company, Suzuki Motor Gujarat Pvt. Ltd. in Gujarat, the company said.
2. Axis Bank: The bank has partnered with BharatPe for Point-Of-Sale business.
3. Wipro: The company and HERE Technologies partnered to provide location-based services and analytics for customers globally.
4. AU Small Finance Bank: The bank clarified that its Head of Internal Audit Sumit Dhir has placed his resignation and the bank remains in discussions with him for possible retention.
5. Mastek: The company has partnered with fulfillmenttools to deliver modern omnichannel fulfilment solutions to customers worldwide.
6. Yes Bank: CRISIL Ratings has upgraded the rating on Tier-II bonds (under Basel III) and Infrastructure bonds the bank to ‘CRISIL BBB+/Stable’ from ‘CRISIL BBB/Stable’. CRISIL Ratings has also upgraded the rating on the Rs 20,000 crore certificates of deposit of the bank to ‘CRISIL A1’ from ‘CRISIL A2+’.
7. Shoppers Stop: The company exited non-core business by selling its subsidiary, Crossword Bookstores, at a gross business valuation of Rs 41.62 crore and will focus on expanding core business and strategic growth pillars – First Citizen, Private Labels, Beauty and Omnichannel business.
8. BHEL: The company has secured its largest ever order worth Rs 10,800 crore from NPCIL for EPC of Turbine Island for 6 units of 700 MWe.
9. Bharat Electronics: The Indian Navy sealed a contract with the company for the supply of the first indigenously developed Naval Anti Drone System.
10. Likhitha Infrastructure: The company has received an order worth Rs 145.86 crore from Indradhanush Gas Grid for laying and construction of steel gas pipeline and terminals along with associated facilities for sections 5 & 9 of the North-East Gas Grid Project.
5 Minutes Read
Stock Market Highlights: Sensex falls 214 points, Nifty ends below 17,100; IT, metals drag; realty stocks outshine
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Listen to the Article (6 Minutes)
Summary
Stock Market Highlights: Indian equity benchmark indices, Sensex and Nifty ended lower Wednesday dragged by profit-booking at record high levels amid mixed global cues. Broader markets, outperformed the headline indices, with the midcap and smallcap indices ending higher. Among sectors, losses were seen in IT, metals and pharma stocks, while Nifty Realty rallied the most over 5 percent followed by PSU Bank, consumer durables, oil & gas and media indices.
Stock Market Highlights: Indian equity benchmark indices, Sensex and Nifty ended lower Wednesday dragged by profit-booking at record high levels amid mixed global cues. Broader markets, outperformed the headline indices, with the midcap and smallcap indices ending higher. Among sectors, losses were seen in IT, metals and pharma stocks, while Nifty Realty rallied the most over 5 percent followed by PSU Bank, consumer durables, oil & gas and media indices.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
Shows
View AllMost Reads
View Alltoday's market
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -72.15 |
| sensex | ₹1,882.60 | +28.30 |
| nifty IT | ₹2,206.80 | +30.85 |
| nifty bank | ₹1,318.95 | -14.95 |
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -7.15 |
| sensex | ₹1,882.60 | +8.30 |
| nifty IT | ₹2,206.80 | +3.85 |
| nifty bank | ₹1,318.95 | -1.95 |
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -72.15 |
| sensex | ₹1,882.60 | +28.30 |
| nifty IT | ₹2,206.80 | +30.85 |
| nifty bank | ₹1,318.95 | -14.95 |
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -7.15 |
| sensex | ₹1,882.60 | +8.30 |
| nifty IT | ₹2,206.80 | +3.85 |
| nifty bank | ₹1,318.95 | -1.95 |
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -7.15 |
| sensex | ₹1,882.60 | +8.30 |
| nifty IT | ₹2,206.80 | +3.85 |
| nifty bank | ₹1,318.95 | -1.95 |
Currency
| Company | Price | Chng | %Chng |
|---|---|---|---|
| Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
| Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
| Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
| Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Quiz
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10 Questions · 5 Minutes
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Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5
What coins do you think will be valuable over next 3 years?
CNBC-TV18’s top stocks to watch out for on September 1
5 Minutes Read
India’s leading carmakers caution against import duty cuts for Tesla EV
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Listen to the Article (6 Minutes)
Summary
SIAM has given a representation to the government saying that any duty cut is going to confuse investors and may hold back companies from investing in localisation and India’s Aatmanirbhar Bharat vision.
Tesla is gearing up to enter India after a few of its models were approved by the country’s testing agencies. Sources say an inter-ministerial group is examining the need for a duty cut for imported electric cars. However, at least three of India’s leading vehicle manufacturers have strongly opposed any duty cut.
Parikshit Luthra reports that the government is positively considering an import duty reduction from 100 percent to 40 percent for EV sector in general. However, SIAM has given a representation saying that this is going to confuse investors and may hold back companies from investing in localisation and India’s Aatmanirbhar Bharat vision.
Also Read: 4 EV models approved in India, but it’s a long road for Tesla; what we know so far
Three leading vehicle manufacturers have said that companies like Tesla should be made to commit to localisation norms, they should have basic local assembly in India and only then they should be given any kind of import duty concessions.
Watch video for more.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow
Shows
View AllMost Reads
View Alltoday's market
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -72.15 |
| sensex | ₹1,882.60 | +28.30 |
| nifty IT | ₹2,206.80 | +30.85 |
| nifty bank | ₹1,318.95 | -14.95 |
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -7.15 |
| sensex | ₹1,882.60 | +8.30 |
| nifty IT | ₹2,206.80 | +3.85 |
| nifty bank | ₹1,318.95 | -1.95 |
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -72.15 |
| sensex | ₹1,882.60 | +28.30 |
| nifty IT | ₹2,206.80 | +30.85 |
| nifty bank | ₹1,318.95 | -14.95 |
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -7.15 |
| sensex | ₹1,882.60 | +8.30 |
| nifty IT | ₹2,206.80 | +3.85 |
| nifty bank | ₹1,318.95 | -1.95 |
| index | Price | Change |
|---|---|---|
| nifty 50 | ₹16,986.00 | -7.15 |
| sensex | ₹1,882.60 | +8.30 |
| nifty IT | ₹2,206.80 | +3.85 |
| nifty bank | ₹1,318.95 | -1.95 |
Currency
| Company | Price | Chng | %Chng |
|---|---|---|---|
| Dollar-Rupee | 73.3500 | 0.0000 | 0.00 |
| Euro-Rupee | 89.0980 | 0.0100 | 0.01 |
| Pound-Rupee | 103.6360 | -0.0750 | -0.07 |
| Rupee-100 Yen | 0.6734 | -0.0003 | -0.05 |
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5
What coins do you think will be valuable over next 3 years?