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Tata Consumer Products to enter Nifty 50 index from 31 March; GAIL will be excluded
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Tata Consumer Products is a multinational consumer goods company and a subsidiary of the Tata Group
Seven stocks including Bank of Baroda, Container Corporation of India (Concor), General Insurance Corporation of India, Hindustan Zinc will be excluded from the Nifty Next 50 index
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Tata Consumer Products will be included in the benchmark Nifty50 index, with effect from 31 March, 2021, the National Stock Exchange (NSE) said. Tata Consumer Products is a multinational consumer goods company and a subsidiary of the Tata Group. It reported a 25.26% rise in consolidated net profit to ₹237.03 crore for the third quarter ended December 2020, on the back of higher sales in branded business. GAIL (India) Ltd will be excluded from the Nifty50 index.
Read more about Oil and gas shares flare as govt plans to spend Rs 7.5 trn on related infra on Business Standard. Gujarat Gas, Gujarat State Petronet and Indraprastha Gas rallied up to 18 per cent on the BSE in intra-day trade
PM Modi said that India will generate 40% of all its energy from renewable sources by 2030. India committed to bring natural gas under GST: PM Narendra Modi
New Delhi: On Wednesday, Prime Minister Narendra Modi said that India is committed to bring natural gas into the goods and services tax regime to make prices cheaper and uniform across the country. We are committed to bringing natural gas under GST regime; I want to tell the world come invest in India s energy sector, the prime minister added.
Prime Minister Narendra Modi today dedicated the Ramanathapuram–Thoothukudi natural gas pipeline and Gasoline desulfurisation unit in Tamil Nadu.
The Government of India is planning to spend around Rs 7.5 trillion to build oil and gas infrastructure over the next five years, said Prime Minister Narendra Modi. After dedicating the Ramanathapuram–Thoothukudi natural gas pipeline and Gasoline desulfurisation unit at Chennai Petroleum Corporation Ltd and laying the foundation stone for the Rs 31,500 crore Cauvery basin Refinery at Nagapattinam, the Prime Minister said that in 2019-20, India imported over 85 per cent of oil and 53 per cent of gas to meet its domestic demands. Can a diverse and talented nation like ours be so energy-dependent, he asked. It is our collective duty to work towards clean and green sources of energy and reduce energy-dependence, said the Prime Minister, adding that his Government is sensitive to the concerns of the middle class and thus, India is increasing focus on clean and green sources and ethanol to help farmers and consumers.