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Business News Updates

Gold, silver rates today: Check latest prices of precious metals in Bhubaneswar & Cuttack
Gold, silver rates today: Check latest prices of precious metals in Bhubaneswar & Cuttack

For 23-carat, the price of 10 grams of yellow metal is Rs 50,500 while the rate of 22-carat gold has reached 49,500. Similarly, the rate of 20, 18 and 14 carat gold remained at Rs 44,800, Rs 40,600 and Rs 32,300 respectively. Pure Ginni (gold coin) is being traded at Rs 40,800.

GST
GST Council recommendations not binding on Centre, state govts: SC

A bench, headed by Justice D.Y. Chandrachud and comprising Justices Surya Kant and Vikram Nath said: "The deletion of Article 279B and the inclusion of Article 279(1) by the Constitution Amendment Act 2016 indicates that the Parliament intended for the recommendations of the GST Council to only have a persuasive value, particularly when interpreted along with the objective of the GST regime to foster cooperative federalism and harmony between the constituent units."

IRDAI
IRDAI applies brakes on vehicle insurers' misleading advertisements

In a circular to the general insures, the Insurance Regulatory and Development Authority of India (IRDAI) has asked the insurers to discontinue the advertisements in respect of the services not related to insurance claims provided by motor garages/workshops.

Gold
Gold prices up by Rs 200 per 10 gram in Bhubaneswar, silver drops Rs 300 per Kg

Meanwhile, gold is traded at Rs 5,195 per gram (GST 995) and Rs 5,215 (Cash 995) in Cuttack. 

Petrol, Diesel Prices
Fuel price update: Check rates of petrol, diesel and LPG in Bhubaneswar and Cuttack today

Customers are reportedly paying Rs 112.68 per litre of petrol in the capital city of Bhubaneswar today while in Cuttack, customers are paying Rs 112.85 for petrol per liter.

cooking gas
Domestic LPG price hiked again, cylinder rates cross Rs 1000; check details

The hike comes on the back of a Rs 50 per cylinder increase effected on May 7.

Disinvestment of subsidiaries
State-owned companies now can decide on disinvestment of their subsidiaries

The proposal intends to reform the functioning of PSEs, by allowing greater autonomy to the Board of Directors of the Holding PSEs for taking decisions and recommend for...

3 senior Twitter employees quit
3 senior Twitter employees quit amid Musk-Agrawal slugfest

Ilya Brown, a VP of product management for health, conversation and growth; Katrina Lane, a VP of Twitter Service; and Max Schmeiser, head of data science, have quit the company

India's economy back on track post-pandemic
India's economy back on track post-pandemic, ongoing Ukraine war: Moody's

The buoyant economy creates favourable operating conditions for the country's banks, besides their loan performance and profitability are improving, albeit from a low base

Dont feel for me, pray for Twitter instead: Parag Agrawal
Twitter board wants $44 bn deal to go through amid Musk-Agrawal tussle

Goldman Sachs Group Inc and JPMorgan Chase & Co may earn a combined $133 million in fees for advising Twitter on the acquisition, but only if the deal goes through.

Gold, silver prices today: Check latest rates of precious metals in Bhubaneswar & Cuttack
Gold, silver prices today: Check latest rates of precious metals in Bhubaneswar & Cuttack

For 23-carat, the price of 10 gram of the yellow metal is Rs 49,900 while the rate of 22 carat gold has reached 48,900. Similarly, the rate of 20, 18 and 14 carat gold remained at Rs 44,100, Rs 40,000 and Rs 31,700 respectively. Pure Ginni (gold coin) is being traded at Rs 40,200.

Paradeep Phosphates IPO opens for subscription, know key details
Paradeep Phosphates IPO opens for subscription, know key details

The fertilizer company will be selling its shares in the range of Rs 39-42 apiece.

Check petrol, diesel rates in Bhubaneswar and Cuttack today
Check petrol, diesel rates in Bhubaneswar and Cuttack today

As per reports, customers are paying Rs 112.68 per litre for petrol in the capital city of Bhubaneswar today while diesel is available at Rs 102.35 a litre.

 Rupee slips 6 paise to 77.50 against US dollar in early trade
Rupee slips 6 paise to 77.50 against US dollar in early trade

Besides, rising global crude prices impacted the domestic unit, forex traders said.

Elon Musk wants US SEC to probe Parag Agrawal's claim on Twitter users
Elon Musk wants US SEC to probe Parag Agrawal's claim on Twitter users

On Monday, Musk attacked Agrawal after the Twitter CEO went into finer details on how the micro-blogging platform is fighting spam and fake accounts.

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