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Business News Updates

Wheat
India export ban shakes global wheat prices

The export ban was announced just days after the US Department of Agriculture forecast that global wheat production would drop for the first time in four years in 2022-23.

Rupee hits new low, falls 14 paise to 77.69 per US dollar
Rupee hits new low, falls 14 paise to 77.69 per US dollar

The rupee fell 14 paise to 77.69 per US dollar.

$1.6 bn worth Ethereum cryptocurrency lost forever since its 'presale'
$1.6 bn worth Ethereum cryptocurrency lost forever since its 'presale'

According to new research from CryptoAssetRecovery.com, the largest of these lost wallets holds over $60 million worth of Ethereum.

Know petrol and diesel prices in Bhubaneswar, Cuttack today
Know petrol and diesel prices in Bhubaneswar, Cuttack today

Customers are reportedly paying Rs 112.68 per litre of petrol in the capital city of Bhubaneswar today while diesel is available at Rs 102.35 a litre

Check gold and silver prices in Bhubaneswar, Cuttack today
Check gold and silver prices in Bhubaneswar, Cuttack today

For 23-carat, the price of 10 gram of the yellow metal is Rs 50,400 while the rate of 22 carat gold has reached 49,400. Similarly, the rate of 20, 18 and 14 carat gold remained at Rs 44,700, Rs 40,500 and Rs 32,100 respectively. Pure Ginni (gold coin) is being traded at Rs 40,700

LIC Listing
LIC disappoints, lists at a discount of 8 per cent at Rs 908

The initial public offering of LIC had, however, received robust response from investors as the insurance major's offer has been subscribed 2.89 times.

LIC IPO to make debut in BSE, NSE today; check details
LIC IPO to make debut in BSE, NSE today; check details

After rolling out Initial Public Offer (IPO) for public on May 4, India's largest insurance provider's share will be listed on the stock markets from today.

Elon Musk prefers to visit Indonesia as top Indian ministers fail to impress him
Elon Musk prefers to visit Indonesia as top Indian ministers fail to impress him

Meanwhile, ministers in India, especially Union Road Transport and Highways Minister Nitin Gadkari, keep on making requests to the Tesla CEO to come and manufacture electric cars in India.

LIC to list on bourses on Tuesday
LIC to list on bourses on Tuesday

The share sale was initially planned to hit the markets in March. But the uncertainty in stock markets due to the Russia-Ukraine war pushed the issue to the current fiscal, which began in April.

Gold & Silver Rate
Know gold and silver rates in Bhubaneswar, Cuttack today

Amid the fluctuation in gold and silver rates across the country, the price for 23-carat gold per 10 gram with GST reached Rs 51, 850 on Monday in the Capital city of Bhubaneswar and Cuttack.

Fuel price update: Check rates of petrol, diesel in Bhubaneswar and Cuttack today
Fuel price update: Check rates of petrol, diesel in Bhubaneswar and Cuttack today

As per the latest report, customers are reportedly paying Rs 112.68 per litre of petrol in the capital city of Bhubaneswar today while diesel is sold at Rs 102.35 a litre.

Adani
Adani to acquire Holcim India assets for USD 10.5 bn

Adani has in the last couple of years diversified beyond core business of operating ports, power plants and coal mines into airports, data centres and clean energy.

Representational Image
Cryptos can lead to dollarisation of economy: RBI officials to par panel

Briefing the Parliamentary Standing Committee on Finance chaired by former minister of state for finance Jayant Sinha, top officials of the RBI, including its governor Shaktikanta Das, clearly expressed their apprehensions about cryptocurrencies and said these pose challenges to the stability of the financial system, sources said.

Banks to remain shut for 2 consecutive days; check details
Banks to remain shut for 2 consecutive days; check details

While May 14 is second Saturday, banks will remain closed on May 15 and 16 in lieu of Sunday and Budh Purnima, respectively.

Parag Agrawal, Elon Musk
Parag Agrawal explains why a 'lame-duck' CEO will keep changing Twitter

Breaking his silence, a defiant Twitter CEO Parag Agrawal has explained why a "lame-duck" CEO has made key changes at the micro-blogging platform amid the $44 billion takeover by the Tesla CEO.

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