The prices of commercial LPG cylinders have jumped by Rs 10 to reach Rs 2,820, marking a consecutive increase after a rise of Rs 62.50 earlier this month. Additionally, the cost of aviation turbine fuel has escalated by Rs 1.37 per litre, further burdening airline costs. In contrast, domestic LPG prices stand steady at Rs 942 for a 14.2-kg cylinder, showcasing the impact of international market variations.
India's record oil imports hit 5.6 million bpd as Middle East, Russia supplies rise: Report
https://timesofindia.indiatimes.com/business/india-business/indias-record-oil-imports-hit-5-6-million-bpd-as-middle-east-russia-supplies-rise-report/articleshow/135420773.cms
https://timesofindia.indiatimes.com/business/india-business/indias-record-oil-imports-hit-5-6-million-bpd-as-middle-east-russia-supplies-rise-report/articleshow/135420773.cms
India witnessed a notable rise in crude oil imports, reaching approximately 5.6 million barrels per day in October. A significant portion, around 2.3 million bpd, came from the Middle East, with Russian shipments also holding a firm position at nearly 2 million bpd. Yet, increasing freight costs might diminish the desirability of Russian oil moving forward.
GST collections rise 22.9% to Rs 2.31 lakh crore in October
https://timesofindia.indiatimes.com/business/india-business/gst-collections-rise-22-9-to-rs-2-31-lakh-crore-in-october/articleshow/135421008.cms
https://timesofindia.indiatimes.com/business/india-business/gst-collections-rise-22-9-to-rs-2-31-lakh-crore-in-october/articleshow/135421008.cms
October witnessed a remarkable surge in India's Goods and Services Tax revenues, hitting Rs 2.31 lakh crore, reflecting a commendable 22.9% growth from last year. This rise was primarily fueled by a staggering 42.2% increase in imports and consistent domestic transactions. Furthermore, major states contributed positively to these collections, showcasing a resilient economy and improved adherence to tax regulations across the country.
‘Indian manufacturers should target 20% annual growth, exports must drive expansion’
https://timesofindia.indiatimes.com/business/india-business/indian-manufacturers-should-target-20-annual-growth-exports-must-drive-expansion/articleshow/135422241.cms
https://timesofindia.indiatimes.com/business/india-business/indian-manufacturers-should-target-20-annual-growth-exports-must-drive-expansion/articleshow/135422241.cms
India's recent free trade agreements with the UK and EU will aid domestic manufacturers in expanding exports. Industry participation and awareness efforts are crucial for capitalizing on the benefits of these FTAs. Export diversification is a key strategy for companies amid global economic uncertainties, particularly with European markets. Companies should focus on targeting significant markets to increase their presence in international trade.
FPIs withdraw Rs 34,843 crore from Indian stocks; second straight month of selling spree
https://timesofindia.indiatimes.com/business/india-business/foreign-investors-withdraw-rs-34843-crore-from-indian-stocks-second-straight-month-of-selling-spree/articleshow/135422671.cms
https://timesofindia.indiatimes.com/business/india-business/foreign-investors-withdraw-rs-34843-crore-from-indian-stocks-second-straight-month-of-selling-spree/articleshow/135422671.cms
Foreign portfolio investors withdrew Rs 34,843 crore from Indian equities in October, continuing a trend. Despite substantial outflows, foreign investors became net buyers towards the end of the month. Market experts suggest that recent foreign buying may indicate a shift in sentiment. Investors are focused on global crude prices and US interest rates influencing markets. The outcome of upcoming events will remain critical for future investment flows.
Festive tailwinds drive car sales to record highs in October
https://timesofindia.indiatimes.com/business/india-business/festive-tailwinds-drive-car-sales-to-record-highs-in-october/articleshow/135435912.cms
https://timesofindia.indiatimes.com/business/india-business/festive-tailwinds-drive-car-sales-to-record-highs-in-october/articleshow/135435912.cms
Innovatiview to invest Rs 1,000 crore in exam centres
https://timesofindia.indiatimes.com/business/india-business/innovatiview-to-invest-rs-1000-crore-in-exam-centres/articleshow/135436056.cms
https://timesofindia.indiatimes.com/business/india-business/innovatiview-to-invest-rs-1000-crore-in-exam-centres/articleshow/135436056.cms
Costlier phones give refurbished devices a boost
https://timesofindia.indiatimes.com/business/india-business/costlier-phones-give-refurbished-devices-a-boost/articleshow/135436193.cms
https://timesofindia.indiatimes.com/business/india-business/costlier-phones-give-refurbished-devices-a-boost/articleshow/135436193.cms
LICHF bets on diversification to drive growth
https://timesofindia.indiatimes.com/business/india-business/lichf-bets-on-diversification-to-drive-growth/articleshow/135436287.cms
https://timesofindia.indiatimes.com/business/india-business/lichf-bets-on-diversification-to-drive-growth/articleshow/135436287.cms