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High gas, diesel prices in India prompt smuggling of fuel from Nepal Premium As oil gained more than 1% today after dropping by 2% yesterday in volatile trading, state-run fuel retailers raised the price of petrol by 28 paise and the price of diesel by 29 paise. Photo: Ramesh Pathania/Mint 1 min read . Updated: 22 Feb 2021, 05:53 PM IST Bloomberg A large oil truck loaded with 1,360 liters of diesel that was being smuggled to India, where pump prices are at a record, was held last week in Nepa...

It estimates that overall stressed assets (gross non-performing assets (GNPA) + restructured) could increase 30% for the banking system, the increase is almost 1.7 times in the retail segment in the second half of the fiscal 2020-21

Ad spend revival Share Via Read Full Story The core purpose of advertising is to stir up consumer demand, and the latest edition of This Year Next Year, published by media space-buying agency GroupM, forecasts India’s ad spend at ₹80,123 crore in 2021, up 23.2% from 2020, a covid-crunched year that saw a 21.5% drop. The country, it notes, is projected to be the sixth largest contributor to incremental ad spends globally. Given our demand problem, this would be heartening. The report also ...

Share the wealth Premium Startups have flagged their grievances regarding angel tax provision, which they considered was not friendly to them. Photo: iStockphoto 1 min read PE firms, angel investors must be rewarded for their role in our startup ecosystem. For their next stage of growth, though, successful startups should look at using public money. This would diversify their funding sources, open their books to wider scrutiny, and let their wealth creation be shared widely Share Via Read Full ...

A town quite remote heard Perseverance Premium This NASA handout illustration shows a descent illustration to Mars, of the spacecraft containing NASAs Perseverance rover. (Photo: AFP) Share Via Read Full Story By the time you read this, either the rover will be safely settled on the planet’s surface, or it will be destroyed. Indeed: The plan is that Nasa’s Perseverance rover will touch down on Mars at about 2.30am IST on Friday, 19 February. So yes, when you read this, you will likely know...

Kamaladevi Chattopadhyay NIF Book Prize longlist picks 12 power-packed titles The covers of the books in the longlist of the prize.Premium 1 min read Share Via Read Full Story The Kamaladevi Chattopadhyay NIF Book Prize, instituted by the New India Foundation (NIF) in 2018, for the best book-length work of non-fiction about India announced its longlist of 12 titles for the 2020 prize. The announcement was made online on Wednesday by writer and historian Ramachandra Guha, one of the members of t...

Serious Men review: Lying for a better life (from left) Indira Tiwari, Aakshath Das and Nawazuddin Siddiqui in Serious Men 4 min read Share Via Read Full Story Who among us hasn’t committed to memory a piece of trivia, a line of verse? This may not be done purposefully, but the unveiling is almost always to our advantage, to impress an object of affection or someone whose approval we seek. Now imagine if a similar sort of acquisition—a few lines, a few numbers—could have life-altering con...

The mainstay of the draft code is to clearly identify and label upfront that a certain communication is an advertisement

Vedanta: GR Arun Kumar resigns as director and CFO A man walks past the logo of Vedanta outside its headquarters in Mumbai (REUTERS)Premium On Monday, the companys scrip on BSE closed 5.87% higher at ₹202 apiece Share Via Read Full Story Vedanta Ltd on Monday said G R Arun Kumar has resigned as the whole-time director and chief financial officer (CFO) of the company. The company will announce the effective date of relieving of Kumar and details of the successor in due course, Vedanta said i...

JCB Prize 2020 shortlist | Deepa Anappara on storytelling and what it counts for Premium 6 min read Deepa Anappara In this first of a series of essays, written exclusively for Lounge, by writers shortlisted for the JCB Prize for Literature 2020, Deepa Anappara looks back on writing her debut novel, Djinn Patrol On The Purple Line Share Via 1. One rainy morning you leave for your sister’s hospital to pick up a prescription for morphine. She is six years younger than you and she has stage four...