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Universal Times Magazine ©️ @business_and_finance_news
The Central Consumer Protection Authority (CCPA) on Wednesday said it has imposed a penalty of Rs 1,00,000 on e-commerce player Flipkart for allowing the sale of substandard domestic pressure cookers on its platform. Speaking to PTI, CCPA Chief Commissioner Nidhi Khare said a penalty of Rs 1,00,000 has been imposed on Flipkart for allowing the sale of substandard pressure cookers on its e-commerce platform and violating the rights of consumers. . . . . . . Follow us:
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Universal Times Magazine ©️ @business_and_finance_news
Bharti Airtel has paid Rs 8312.4 crore to the Department of Telecommunications (DoT) towards dues for spectrum acquired in the recently concluded 5G auctions. Airtel has taken up the option to pay more upfront amount as against 20 equal annual instalments, paying four years of the 2022 spectrum dues upfront. . . . . . . . . . Follow us:
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Universal Times Magazine ©️ @business_and_finance_news
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Universal Times Magazine ©️ @business_and_finance_news
State-run NTPC plans to increase 5,000 crore through term loans and has sought bids from banks and financial institutions by August 31, 2022. In its request for proposal (RFP), the company said the loan proceeds will be used for capital expenditure for ongoing or new capacity addition, including acquisition of projects, renewable energy projects, coal mining business, renovation and modernization program of various projects. will be done for , refinancing of loans and general corporate purposes among others. . . . . . . Follow us:
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Universal Times Magazine ©️ @business_and_finance_news
The wholesale price-based inflation eased to a five-month low of 13.93 per cent in July on easing prices of food articles and manufactured products. The WPI-based inflation softened for the second consecutive month in July, raising hopes of further decline in wholesale prices in the months to come. The Wholesale Price Index-based inflation, after scaling a record high of 15.88 per cent in May, declined to 15.18 per cent in June. It was 13.43 per cent in February. It was 11.57 per cent in July last year. The WPI inflation continued its declining trend for the second month in July but remained in double-digits for the 16th consecutive month beginning April last year. . . . . . . . . Follow us:
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Universal Times Magazine ©️ @business_and_finance_news
Milks prices are set to increase with dairy brands Amul and Mother Dairy announcing a Rs 2 raise in its prices due to a rise in procurement and other input costs. The new prices for both the brands will be effective from Wednesday, the companies said. For 500 ml, Amul Gold will now cost Rs 31, Amul Taaza Rs 25, and Amul Shakti Rs 28 in Ahmedabad and Saurashtra markets, said Gujarat Cooperative Milk Marketing Federation, the parent firm of Amul dairy brand. Mother Dairy said its price revision will be applicable for all its milk variants - full cream milk will now cost Rs 61 per litre, toned milk Rs 51, and double toned Rs 45. Bulk vended milk (token milk) will now cost Rs 48, up from Rs 46 per litre. . . . . . Follow us:
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Universal Times Magazine ©️ @business_and_finance_news
Ola Electric has relaunched the S1 electric scooter, and has priced it at Rs. 99,999, ex-showroom. The introductory price will be valid for the first 1947 units of the Ola S1. Interestingly, Ola Electric had originally launched the S1 late last year, at exactly the same price tag. Back then, this price wasn’t introductory though. In the months following the original launch, Ola produced the S1 Pro instead of the S1 given the higher demand for the former. . . . . . . .Follow us:
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Universal Times Magazine ©️ @business_and_finance_news
AI Global Investments and AI Darwin (person acting in concert with the acquirer- PAC) have expressed their interest to delist the shares of DFM Foods both on BSE and NSE, the company said in a stock exchange filing. As on date, the promoter-AI Global Investments, hold 73.7 per cent stake in the company. The filing said that JM Financial has been appointed as the manager to the delisting proposal. . . . . . . . Follow us:
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Universal Times Magazine ©️ @business_and_finance_news
Ace stock market investor Rakesh Jhunjhunwala died this morning at a Mumbai hospital. He was also the co-founder of Akasa Air, India's newest airline which began commercial operations last week. . . . . Follow us:
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Universal Times Magazine ©️ @business_and_finance_news
The Securities and Exchange Board of India on Friday imposed a penalty of ₹3 lakh on the Bombay Stock Exchange (BSE) violation of Stock Exchanges and Clearing Corporations (SECC) Regulation, 2018. . . . . . . Follow us:
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