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  1. Business News Live Updates: Gas price for Reliance hiked to $10.16; CNG, piped cooking gas rates unchanged
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Business News Live Updates: Gas price for Reliance hiked to $10.16; CNG, piped cooking gas rates unchanged

Upstox

5 mins read | Updated on October 01, 2024, 12:38 IST

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SUMMARY

Stay tuned for live updates on the latest business news, trends, and breaking developments on October 1, 2024.

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  1. Gas price for Reliance hiked to $10.16; CNG, piped cooking gas rates unchanged

    The government on Monday raised the price of natural gas produced from difficult areas like deep sea KG-D6 block of Reliance Industries, marginally to $10.16 per million British thermal unit in line with international trends, an official notification said.

    However, the price of gas that is used for making CNG for fuelling automobiles or piping to household kitchens for cooking purposes will remain unchanged due to a price cap that is set at 30 percent less than market rates such as that paid to Reliance. Read more.

    October 01, 2024, 12:38 PM

  2. Mahindra & Mahindra says SUV sales surge 24% in September

    Auto major Mahindra and Mahindra (M&M) Ltd on Tuesday said its SUV (sports utility vehicle) domestic sales surged 24 percent to 51,062 units in September compared to the same month of last year.

    The company had sold a total of 41,267 SUVs in the domestic market in September 2023, according to a statement.

    October 01, 2024, 10:55 AM

  3. Blue Dart Express to increase prices of shipments by 9-12% from Jan 1, 2025

    Courier services provider Blue Dart Express on Monday said it will increase the prices of its shipments between 9-12 percent from January 1, 2025.

    The pricing adjustments for 2025, which include inflationary adjustments and cost rationalisation, are designed to partly cover spiraling long-term costs, such as rising input costs to operations, including airline operating costs and infrastructure costs, among others, the company said.

    October 01, 2024, 10:48 AM

  4. RBI finds irregular practices in gold loans, asks lenders to review policies, monitor portfolio

    The Reserve Bank of India (RBI) on Monday said it has observed several irregular practices by gold loan businesses, and asked entities to review their policies and also undertake a portfolio review.

    A recent review on adherence to prudential guidelines revealed several deficiencies with regard to loans against pledges of gold ornaments and jewellery, the central bank said in a communication to lenders. Read more

    October 01, 2024, 10:39 AM

  5. Increase share in ground-level agri credit disbursement: FM to Northeast RRBs

    Union Finance Minister Nirmala Sitharaman on Monday directed the Regional Rural Banks (RRBs) of the Northeast to increase their share in ground-level agriculture credit disbursement with a special focus on horticulture and allied agriculture activities such as piggery, poultry, dairy and fisheries, officials said.

    Chairing a review meeting of the RRBs in the northeastern states at the civil secretariat here, Sitharaman urged the banks to put greater thrust on the identification of the right beneficiaries while sanctioning loans under various central schemes, they said. Read more

    October 01, 2024, 10:27 AM