Indian Economy: News and Discussion

Haldilal

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Ya'll Nibbiars The Vishvaraj Environment Pvt. Ltd. to invest 180 crores to set up Grain Based Ethanol unit at Chandrapur in Maharashtra.

The Vishvaraj Environment, signed an MoU INR 1000 cr with the GoM for a Fuel Ethanol Plant at MIDC Chandrapur, Bhandara, Gondia and Gadchirolis.
 

Haldilal

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Ya'll Nibbiars The installation of 4x10T Induction Furnace & Rolling Mill for
production of 1,32,000 TPA MS Billet and 1,05,600 TPA Rolling Mill Products
At the Plot No. A20, Panagarh Industrial Park, Paschim Barddhaman ,West Bengals.

FWf6vwjVUAA4qMW.jpeg
 

Haldilal

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Ya'll Nibbiars The ITD Cementation India Ltd receives LoA from Bharat Mumbai Container Terminals Pvt. Ltd. BMCT for construction of wharf and approach trestle at Jawaharlal Nehru Port JNPT, Navi Mumbai. The Order Value : 700 crore rupees.
 

Concard

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Ya'll Nibbiars The Essar Oil will invest Rs. 7,000 Cr to establish 220-250 wells for shale gas exploration in Burdwan district of West Bengal, creating more than 5,000 jobs. ONGC scientists discovered the world’s second shale gas poll near Durgapur back in 2011.
I am sure this will never take off. Thanks to the Jihadi Bitch Bongs have voted in. Recently a IFB agro Bengali based company had to part 50% of their net profit to ruling TMC as hafta. Don't have too much expectations on Bengalis. They don't progress and they don't let others progress. Bengal is sucking the tax payers money of other states.
 

another_armchair

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What will be the likely hit on RIL's bottomline in absolute numbers after the hike in export duty on petrol, diesel and atf?
 

Coalmine

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I am sure this will never take off. Thanks to the Jihadi Bitch Bongs have voted in. Recently a IFB agro Bengali based company had to part 50% of their net profit to ruling TMC as hafta. Don't have too much expectations on Bengalis. They don't progress and they don't let others progress. Bengal is sucking the tax payers money of other states.
There are lot of gas drilling machines near Damodar river by GEECL. Most are 2-3 acres plot.
 

Mikesingh

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Export duty hike on petrol, diesel: Here’s how it will impact fuel prices, domestic customers

The Central government has announced an increase in the export duty on petrol, diesel, and Aviation Turbine Fuel (ATF).

To be precise, the government has increased the export duty on petrol and diesel by Rs 5 per litre and Rs 12 per litre, respectively. On the other hand, the levy on ATF has been hiked by Rs 6 per lire.

The recently announced increase in the export duty on petrol and diesel is not going to have any direct impact on fuel prices in India. This means that customers buying petrol and diesel need not worry about a change in fuel prices.

More here....https://zeenews.india.com/economy/export-duty-hike-on-petrol-diesel-here-s-how-it-will-impact-fuel-prices-domestic-customers-2480508.html

I think it's a great idea as our oil companies are laughing all the way to the bank with their cartloads of greenbacks! Whither social responsibility?
 

lcafanboy

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Arab countries are on max capacity wrt oil production, it seems.
which would mean, there is a push to get with venezuela or iran oil back on the market.
=====
Biden was counting on Arab nations to produce more oil but a few hours ago French President Macron was overheard telling Biden that the United Arab Emirates is at max capacity & the Saudis can’t produce much more. It appears to be a direct appeal to Biden to produce more oil.

No matter how much he tries ($hagging) I doubt at his age Biden will be able to produce even a single drop of Oil ..... 😂😂🤣🤣
 

Kumata

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No matter how much he tries ($hagging) I doubt at his age Biden will be able to produce even a single drop of Oil ..... 😂😂🤣🤣
Drop Aside.. US hold all their reserves as it is.. while arabs are going back to goat shagging...
 

FalconSlayers

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BJPigs, taking 2 steps forward and 1 step back 🤡.
 

Concard

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BJPigs, taking 2 steps forward and 1 step back 🤡.
The reason they have put cess on export of petroleum products is simple. Right now our Oil companies are making a big mullah out of exporting refined Petroleum products. This might be good since they are bringing in forex they are also creating a shortage of petrol and diesel in India resulting in inflation and price hike. GoI is only trying to give a message to these Oil companies that their first priority is India and then exports. And GoI having lost Oil revenue by reducing taxes wants a piece of the pie in the profits of Oil companies who are making good money by exporting to Europe. Regardless of the cess Oil companies will continue to export until situation stabilizes in Europe.
 

Kumata

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BJPigs, taking 2 steps forward and 1 step back 🤡.
gravy train cannot stop boss .. simple.. either this way or that way.. IMO< this is exact equal to what govt reduced few weeks back...
 

Haldilal

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Ya'll Nibbiars In few days The Marathwada water grid will be approved the largest Irrigation project in India, Indian Subcontinent and second largest in the world after the Mleecahs North South River linkage project.
 

FalconSlayers

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Non-food credit grew 12.6% YoY in May 2022 (vs. 11.2% in April 2022).

This is the fastest pace of YoY growth reported by the banking sector since start of the pandemic. What's encouraging: The growth is in Industrial credit, and not personal.
 

another_armchair

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Clickbait headline but decent numbers by D-Mart. Easily the best managed retail chain as of today. Treat their vendors very well, no wonder they bag the best deals.

They should do much better if they improve their clothing and footwear section.

1656780450492.png
 

Kumata

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Clickbait headline but decent numbers by D-Mart. Easily the best managed retail chain as of today. Treat their vendors very well, no wonder they bag the best deals.

They should do much better if they improve their clothing and footwear section.

View attachment 162472
Is not this owned by that dxb guy... Think a peaceful...

He deals in idli batter too under same brand... I avoid the brand for this reason...
 

another_armchair

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Is not this owned by that dxb guy... Think a peaceful...

He deals in idli batter too under same brand... I avoid the brand for this reason...
D-Mart is owned by Radhakishan Damani. Not owned by a peaceful.


ID Fresh is owned by Musthafa & Co. Padha likha abdul.

Had switched to Asal but it is hardly available in Bangalore anymore. Looks like ID managed to kick them out of the local market... Malabari peacefuls have enormous clout in Bangalore, even among the ruling BJP govt. Mota maal khilate hain bc...
 

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