After 16 days of consistent price hikes, the petrol prices in India were cut by about 60 paise a liter and diesel by 56 paise on Wednesday. This was due to the softening international oil rates and the strong Indian rupee.
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As per the data compiled by the ministry of corporate affairs, more than 2,100 companies have cleared their outstanding amount. Most of which came after the government amended the IBC to bar the promoters of the companies that had been classified as nonperforming assets from bidding for the companies where the National Company Law Tribunal initiated action. When dues are not paid for 90 days, t... Read Full Article
The heat wave has gripped the country and the northern states are sweating with temperatures of 44-46 degree Celsius. Due to this, the demand for electricity has reached a record high. On 23rd May, India recorded a total power demand of 170,121 Mw, which is about 8 percent higher than in May 2017. There was maximum demand from Northern and western states with Uttar Pradesh having the cumulative... Read Full Article