The move will come as a part breather to companies.
India already has strategic crude oil reserves with a capacity to hold 5.33 million tonnes of oil in underground caverns, fit to meet around 9.5 days of the country’s oil demand.
The market capitalisation of BSE-listed firms reached an all-time high of Rs 295.72 lakh crore in early trade on Friday, helped by optimism in equities, where the benchmark Sensex hit its new lifetime peak.
India’s goods exports in October also registered an uptick with a 6.2 per cent rise, only the second jump in the ongoing financial year.
The APGPS Act, 2023, which got notified as an ordinance on October 20, is applicable to the employees who had been recruited on or after September 1, 2004, and whose pay and allowances are drawn from the Consolidated Fund of the State and have opted to subscribe to the APGPS.
Following the order, Zee’s share price rallied to gain 20% in intra-day trade and closed up 17.95% at `285.55 on the BSE.
Among the Sensex firms, Tech Mahindra, Infosys, Wipro, HCL Technologies, IndusInd Bank, Bajaj Finance, Bajaj Finserv and Mahindra & Mahindra were the major gainers.
In an interview to HITESH VYAS, GEORGE MATHEW and SANDEEP SINGH, Manian says the current acceleration in inflation is due to transient items such as tomato and onion prices, and is unlikely to go out of hand.
Reliance Jio Chairman Akash Ambani said that the company has covered the entire country with a 5G network ahead of the promised time frame of December 2023.
The EPFO had kept the deadline to apply for higher pensions till July 11. Following this, it gave further three months to employers till September 30 and then another extension till December 31, while employees were given time till July 11 to submit their applications.