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- India Flex Fuel Launch Stalled & Sugar Export Ban; Inflation Soars, Adani Relief
New Delhi11 minutes ago
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Tomorrow The big news was related to inflation. Wholesale inflation (WPI) has more than doubled to 8.30% in April. In March it was at 3.88%. Inflation in April is the highest in 42 months. It reached 8.39% in October 2022. Commerce Ministry released wholesale inflation figures.
At the same time, Indian billionaire and Adani Group Chairman Gautam Adani can get big relief from America. According to Bloomberg, the US Justice Department is preparing to withdraw criminal charges of bribery and fraud worth $265 million (about Rs 2,500 crore) against him.
Before tomorrow’s big news, these are today’s headlines…
- There may be a rise in the stock market today.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow’s big news…
1. Wholesale inflation 8.30% in April, doubled in a month: Prices of daily essential goods and gas-electricity increased, effect of Iran war.
Wholesale inflation (WPI) has more than doubled to 8.30% in April. In March it was at 3.88%. Inflation in April is the highest in 42 months. It reached 8.39% in October 2022. The Commerce Ministry has released wholesale inflation figures today i.e. on May 14.
The reason for increasing inflation is the increase in prices of daily essential items and fuel. This increase has happened at a time when tension between America and Iran has increased. If this tension continues for a long time, inflation may increase further. Due to this tension, the price of crude oil has crossed 100 dollars.
Click here to read the full news…
2. Cases registered against Gautam Adani in America can be dropped: Bloomberg claims – Preparation to withdraw fraud and bribery case worth ₹2500 crore
Indian billionaire and Adani Group chairman Gautam Adani may get big relief from America. According to Bloomberg, the US Justice Department is preparing to withdraw criminal charges of bribery and fraud worth $265 million (about Rs 2,500 crore) against him.
According to the report, this legal matter can be finished by this week. Adani Group has been facing legal complications for about one and a half years.
Click here to read the full news…
3. Launch of flex-fuel vehicles stuck in the country: Auto companies said – fuel should come first, oil companies said – vehicles should come first
The government wants to rapidly introduce flex-fuel vehicles on the roads to reduce the dependence on petrol in the country, but this plan is now stuck in the dilemma of ‘which comes first, the chicken or the egg’.
Automobile companies are not ready to manufacture high-ethanol blend vehicles on a large scale unless flex fuel is available in sufficient quantity in the market.
At the same time, oil companies are reluctant to invest in the storage and supply of fuels like E85 and E100 until vehicles running on them come on the roads. Now the government is talking to both the parties.
Click here to read the full news…
4. India bans sugar export till 30 September: Decision issued to control domestic supply and prices, notification issued
The central government has banned the export of sugar. This ban has been imposed to maintain the availability of sugar in the country and keep the prices under control. This ban imposed from May 13 will remain in force till September 30, 2026 or until further orders. The Ministry of Commerce and Industry has issued a notification in this regard.
Click here to read the full news…
5. Sensex rose 790 points and closed at 75,399: Nifty rose by 277 points, more buying in banking and pharma shares.
There was a rise in the stock market on 14 May. Sensex closed at 75,399 with a rise of 790 points (1.06%). Nifty also gained 277 points (1.18%), closing at 23,690. There was heavy buying in metal, banking, health care and pharma shares. There was selling in IT shares today.
Click here to read the full news…
6. Motorola Razr Fold premium smartphone launched in India: Three 50MP rear cameras and 8.1-inch 2K display, starting price ₹1.50 lakh
Tech company Motorola has launched its most premium foldable smartphone Motorola Razr Fold in India. Its biggest feature is its 8.1-inch foldable display and the latest Snapdragon 8 Gen 5 processor.
The phone comes with three rear cameras of 50 megapixels. Motorola has launched this Razr Fold with two storage variants and a special edition. Its price starts from ₹1.50 lakh.
Click here to read the full news…
Also see who were the top 10 richest people in the world yesterday…
Know the condition of tomorrow’s stock market and gold and silver…
Know the latest price of petrol, diesel and domestic gas cylinder…
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