New Delhi55 minutes ago
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It was associated with petrol, diesel and airplane fuel. The central government has reduced the export duty on these. At the same time, the value of 7 out of the 10 largest companies of the country in terms of market cap decreased by Rs 1.54 lakh crore in last week’s trading.
Before tomorrow’s big news, these are today’s headlines…
- There may be a decline in the stock market today.
- There was no change in the prices of petrol and diesel today.
1. Export duty reduced on petrol, diesel and ATF: New rates will be applicable from June 1; No impact on those buying fuel within the country
The central government has reduced the export duty on petrol, diesel and aviation fuel. These new rates will be applicable from today i.e. June 1. According to the announcement of the government, the new export duty on export of petrol has been fixed at Rs 1.5 per liter. Whereas the duty on export of diesel has been fixed at Rs 13.5 per liter and the duty on export of aviation fuel (ATF) has been fixed at Rs 9.5 per liter.
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2. Value of 7 out of top-10-companies decreased by ₹ 1.54 lakh crore: Reliance was the top loser, value decreased by ₹ 46,078 crore.
The value of 7 of the country’s 10 largest companies in terms of market cap declined by Rs 1.54 lakh crore in last week’s trading. During this period, the market value of Reliance Industries has decreased the most.
Reliance’s market value has declined by ₹46,078 crore to ₹17.87 lakh crore. Whereas the market value of HDFC Bank has declined by ₹33,333 crore to ₹11.46 lakh crore.
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3. Foreign investors withdrew ₹ 32,963 crore from the Indian market in May: Reason – weak rupee and slow earnings growth.
The process of foreign portfolio investors (FPIs) withdrawing money from the Indian stock market continued in the month of May also. Foreign investors have withdrawn Rs 32,963 crore from the equity market in May.
Investors have taken this step due to slow earnings growth of companies, weakening rupee and better opportunities in global markets.
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4. There will be no work in banks for 11 days in June: Apart from 4 Sundays and 2 Saturdays, banks will remain closed for 5 days at different places.
In the next month i.e. June, banks will not function for a total of 11 days in different states of the country. According to the calendar released by RBI, banks will remain closed at different places for 5 days in the next month apart from 4 Sundays and 2nd-4th Saturdays.
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5. 4-day talks between India and America from tomorrow: Interim trade agreement may be finalized, India will buy American products worth ₹47 lakh crore.
4 days of high level trade talks will start between India and America from today i.e. Monday. Officials of both the countries will finalize the interim trade agreement in Delhi, the framework of which was agreed upon in February this year.
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Also see who are the top 10 richest people in the world…
Know the condition of stock market and gold and silver on Friday…
Know the price of petrol, diesel and domestic gas cylinder…
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