State-owned oil companies are moderating the price of cooking gas, going back to the days when they took the brunt of petroleum product subsidies.
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Boards of two Srei companies won’t disrupt markets, bankers say
The replacement of the boards of directors of two non-bank financial companies (NBFCs) of the Srei group will not create liquidity problems for healthy entities, nor will it create systemic crises as the markets have taken into account the problems with the based companies. in Kolkata.
Such regulatory measures will help make the NBFC space more robust, bankers and market experts have said. Read more
Corporate fraud expected to increase in post-Covid configuration, survey says
Large-scale remote working arrangements and tighter cash flow, prioritizing business operations over compliance during the pandemic, could lead to an increase in fraud, a survey of how independent directors perceive the corporate fraud. Read more
The main WTO are abandoning the pedal of LPG price hikes; absorb Rs 100 per cylinder
Public Sector Oil Marketing (WTO) companies are moderating the price of cooking gas in an effort to keep the price affordable, reminiscent of the days when they bore the burden of subsidizing petroleum products.
According to knowledgeable executives, IndianOil, Hindustan Petroleum and Bharat Petroleum are restraining the rise in liquefied petroleum gas (LPG) prices by around Rs 100 for a domestic 14.2 kilogram cylinder. Read more
Future Retail and 7-Eleven terminate franchise agreement
Struggling financially, Future Retail and Texas-based convenience store chain 7-Eleven today decided to mutually terminate their franchise agreement after Kishore Biyani company failed to meet the opening target stores and franchise fee payment.
In a statement to the exchanges, Future Retail said no financial or business impact on the company was expected because the deal was at the subsidiary level. Read more
The Chinese Air Force still present in three bases in Tibet: Air Chief
Air Chief Marshal Vivek Ram Chaudhari (pictured) said on Tuesday that the Chinese Air Force was still present at three air bases in Tibet. Speaking to the media five days after starting his tenure as chief of the Indian Air Force (IAF), Chaudhari painted a reassuring picture of an Air Force which, though small in number, is equipped , trained and ready to face Chinese aggression at the borders. . Read more
First published: Wed 06 October 2021. 07:31 ISTSource link