Ethanol blended into petrol is falling, and sugar production is down 11 per
cent, the demat nominee must report by January 1. See more brief business
news..
|
|
Business news |
mixed with gasoline Ethanol levels are falling.
In the country, the amount of ethanol blended in petrol fell to 10.24 per
cent in November last year. This decline has occurred in the first month of
the current ethanol distribution year itself.
In the
last distribution year, gasoline was blended with 12.06 percent ethanol. Oil
companies thus saved Rs 24,300 crore in foreign exchange. While the
government had set a target of 15 percent ethanol blending in the current
petrol, it is said that this will not be possible due to the government's
order not to use jaggery for ethanol production.
Fiscal deficit target minister hopes
Union Minister of State for Finance Bhagwat Karath has said that the
government will achieve the fiscal deficit target of 5.90 percent for the
current financial year.
Stating that the government has raised Rs 10,050 crore through disinvestment
in various PSUs so far in the current financial year, the minister said
disinvestment is a continuous process and depends on
market
conditions, domestic and global economic outlook and investor interest.
'Demat' Nominee: Must report by January
The
market regulator SEBI has said that 'demat' account holders should submit the
nominee details by January 1. According to the SEBI order, nominees are
required to provide information, failing which they cannot transact in the
shares.
Also they cannot withdraw money from their demat accounts. It is to be noted
that the deadline, which was to end on September 30, had already been
extended by three months.
Sugar production declined by 11 percent
During the period from October 1 to December 15, the country's sugar
production fell by 11 percent to 74.05 lakh tonnes. It was 82.95 lakh tonnes
in the same period last year. Sugar mills in the states of Maharashtra and
Karnataka started production 10 to 15 days late this year, which was the
main reason for the decrease in production.
Production in Maharashtra was 24.45 lakh tonnes; It has also fallen to 16.95
lakh tonnes in Karnataka. In this situation, production in Uttar Pradesh has
increased to 22.11 lakh tonnes this year
'Ambuja Cements' Rs.6,000 crore investment
Adani Group's 'Ambuja Cements' has announced plans to invest Rs 6,000 crore
in renewable energy projects by 2026. It is reported that this investment is
going to be made in the states of Gujarat and Rajasthan, in solar and wind
power projects.
Accordingly, 600 MW solar power project and 150 MW wind power project in the
state of Gujarat; A 250 MW solar power project is also planned to be
implemented in Rajasthan. Adani Group said that this investment will
revolutionize the cement industry.
Joyalukas Announces 'Season of Giving'
On the occasion of Christmas and New Year, Joyaluk Gas Company has announced
a special sale program called 'Season of Giving'. According to the scheme,
it has announced that gold and diamond jewelery will get 25 per cent
discount on handling and damage charges.
These offers will be available in all showrooms till 15th January. In
addition to this festive discount, customers can also get one year free
insurance, lifetime free maintenance on all jewelery and a buyback
guarantee.