The amount of ethanol mixed in petrol is low

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.