Month: May 2022

shares of Adani Wilmar

Shares of Adani Wilmar and Ruchi Soya Industries fell 5%

May 26, 2022

In Wednesday’s session on the BSE, shares of Adani Wilmar (AWL) and Ruchi Soya Industries fell 5% as investors booked profits on these stocks, a day after the government freed imports of 2 million tonnes of soybean and sunflower oil from customs tax and Agri cess. The effective tariff on crude palm oil, crude soybean, […]

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situation in Assam

Situation in Assam Improving as the death toll increases to 27

May 25, 2022

The situation in Assam, where pre-monsoon floods have wracked the state for the previous 12 days, has improved for the third day on Tuesday, but there are still 5.80 lakh people in 18 districts impacted, and the overall death toll has grown to 27 with two more deaths in the last 24 hours. The India […]

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political crisis in Sri Lanka

Fuel prices in Sri Lanka have risen to an all-time high of Rs 420 a litre

May 24, 2022

The crisis hit Sri Lanka and raised the price of gasoline by 24.3% and diesel by 38.4% on Tuesday, a record increase in fuel costs in the country’s greatest economic crisis due to a lack of foreign exchange reserves. With the second increase in fuel prices since April 19, the most commonly used Octane 92 […]

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conflict in Ukraine

Ukraine and Poland have agreed to share customs supervision to make border crossings easier

May 23, 2022

On Sunday, Ukraine and Poland agreed to develop a common border customs control system and work on a shared railway firm to facilitate people’s movement and boost Ukraine’s export potential. During a meeting in Kyiv on Sunday, Ukrainian President Volodymyr Zelensky and Polish President Andrzej Duda praised the two countries’ growing cooperation, with Duda promising […]

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BSE Sensex

Gokaldas Exports rises 9% to an all-time high, indicating a positive business outlook

May 18, 2022

On the back of a positive business outlook, Gokdaldas Exports’ stock hit an all-time high of Rs 505.65 on the BSE in intra-day trade on Wednesday. The company’s stock, which is in the textiles and apparel business, has surpassed its previous high of Rs 488, which it reached on May 5, 2022. It has outpaced […]

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Sri Lanka

Due to growing violence, Sri Lanka will be under a statewide curfew starting this evening

May 16, 2022

In the wake of growing confrontations across the island, Sri Lanka will be under a national curfew from 8 p.m. tonight until 5 p.m. tomorrow, according to the president’s media office. On Sunday, when India delivered its 12th supply of diesel to Sri Lanka, comprising over 400,000 tonnes of petroleum, new Prime Minister Ranil Wickremesinghe […]

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natural gas supplies

Russia cuts gas supplies to a Ukrainian facility controlled by Germany

May 13, 2022

In retaliation for Western sanctions over the Ukraine conflict, Russia has halted natural gas supplies to a Gazprom business seized by Germany. According to German Economy Minister Robert Habeck, Gazprom Germania GmbH and its subsidiaries are no longer receiving all contracted volumes. He claims that Europe’s greatest economy and a major importer of Russian gas […]

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Canara Bank

Canara Bank plans to invest Rs 1,000 crore in digital banking infrastructure

May 12, 2022

Canara Bank, a public sector lender, wants to invest Rs 1,000 crore in a digital banking ecosystem, including a super-app, over the next three years. Next month, the Bengaluru-based bank will reveal its super app (which has yet to be named). According to K Satyanarayana Raju, managing director of Canara Bank, this would entail upgrading […]

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the United Nations

India gives $800,000 to the United Nations’ Hindi-language public awareness campaign

May 11, 2022

India has donated USD 800,000 to the United Nations as part of an endeavor to improve the organization’s Hindi public outreach. R Ravindra, India’s Deputy Permanent Representative to the United Nations, presented a check for a UN project initiated by India in 2018 to spread UN information to the Hindi-speaking population around the world. In […]

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Cyclonic Storm Asani

Asani, a severe cyclone, moves northwest, bringing rain on the Andhra coast

May 10, 2022

Throughout the night, Severe Cyclonic Storm Asani proceeded west-northwestwards at a pace of 5 mph across west-central and adjacent southwest Bay of Bengal, bringing severe rains to parts of the Andhra Pradesh coast. It was about 300 kilometers southeast of Kakinada (Andhra Pradesh), 330 kilometers south-southeast of Visakhapatnam (Andhra Pradesh), 510 kilometers south-southwest of Gopalpur […]

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