MSCI, the world's biggest index compiler, has added eight Indian stocks including HDFC Asset Management, Info Edge (India) and Indraprastha Gas Ltd to its India Index, while removing Vodafone Idea, Yes Bank and four others that have seen significant market capitalisation erosion this year
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The IMF says that ultra-low and negative interest rates have led to a desperate search for yield among investors, leading to overvaluation of assets.
CNG price hiked for third time since April; impact of dollar appreciation against rupee, says Indraprastha Gas
Rates were last revised upwards by 90 paise per kg in July. Prior to that, CNG price was hiked in April by Re 1 per kg
Indraprashtha Gas Ltd increases price of CNG by Rs 1.70 per kg in Delhi, cites appreciation of dollar compared to rupee
GL has also raised the price of CNG by Rs 1.95 per kg in Noida, Greater Noida and Ghaziabad.
Bidding for the biggest city gas distribution licensing round, offering 86 permits for selling CNG and piped cooking gas in 174 districts in 22 states and union territories, closes this evening
Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in from 1 July
IGL said sales volume grew 13 percent to 4.34 million standard cubic meters per day from 3.83 mmscmd a year ago
Indraprastha Gas, which retails compressed natural gas to automobiles and piped cooking gas to households in the NCR, said the new rates would be effective from midnight today. CNG price in Delhi will be reduced by Rs 0.60 per kg to Rs 37.55, while in adjoining Noida, Greater Noida and Ghaziabad it will cost 70 paisa less at Rs 42.80, IGL said in a statement.
ough the order does not chalk out a plan on how refunds can happen, IGL has been asked to adjust the pricing to adjust for past refunds.
IGL will be forced to cut the price of CNG by around Rs 7 a kg and Piped Natural Gas by Rs. 2.20 a unit in New Delhi and the National Capital Region.
The reduction that is being directed in tariffs for gas will make future business highly loss-making.