Business News Update; share market, gold silver rate, petrol diesel price today, gautam adani | No change in the price of petrol and diesel today: Bangladesh reduced electricity purchase from Adani by half, government removed windfall tax on petrol and diesel and ATF.

Yesterday’s big news was related to Gautam Adani. Bangladesh has halved the purchase of electricity from Gautam Adani’s power company Adani Power. At the same time, the government has announced a change in the base year for the calculation of Gross Domestic Product i.e. GDP. It will now be updated from 2011-12 to 2022-23.

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1. Bangladesh halved the electricity taken from Adani: Due to delay in payment of dues, the company had reduced the supply, now Bangladesh said to give only half.

Bangladesh has halved the purchase of electricity from Gautam Adani’s power company Adani Power. The government of Bangladesh has taken this decision due to reduced demand due to winter and delay in payment of outstanding payments.

News agency Reuters has given this information. Earlier on October 31, the company had halved the electricity supply to the country due to delay in due payment.

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2. The government changed the base year of GDP calculation: now it will be 2022-23 instead of 2011-12; This will give an accurate estimate of the country’s economy.

The government has announced a change in the base year for calculating Gross Domestic Product (GDP). It will now be updated from 2011-12 to 2022-23. This means that now the government will compare the new data with the financial year 2022-23 to find out the economic condition (GDP) of the country. This method will give the most accurate estimate of GDP.

There was no change in it for more than a decade. Earlier in 2011-12, the government had made changes in it. Ministry of Statistics and Program Implementation Minister Rao Inderjit Singh gave this information in a written reply in the Rajya Sabha on Monday.

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3. Government removed windfall tax on petrol, diesel and ATF: Finance Minister Nirmala Sitharaman gave information in Lok Sabha notification.

The Central Government has removed the Special Additional Excise Duty (SAED), i.e. windfall tax, imposed on Aviation Turbine Fuel (ATF), Petrol and Diesel. Now refining companies exporting petrol and diesel will not have to pay any windfall tax.

Besides, the government has also removed the windfall tax imposed on crude products. Finance Minister Nirmala Sitharaman presented a notification in the Lok Sabha on Monday, in which this information was given.

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4. Court ban on the use of the name ‘Burger King’: Fast food company had filed a petition against the Pune restaurant, the case has been going on since 2011.

The Bombay High Court on Monday, in an interim order, stopped a Pune restaurant from using the name ‘Burger King’. This order will remain in force until the hearing on the trademark infringement petition of US-based firm Burger King is completed.

Justice A.S. The bench of Chandurkar and Rajesh Patil said that it is necessary to hear the appeal of Burger King Corporation. The court ordered both the parties (Burger King and the restaurant) to prepare to present the transaction records and tax documents of the last 10 years till the disposal of the appeal.

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5. Now every fourth share investor in the country is a woman: 2.5 crore women out of total 10.5 crore, highest in Goa at 32%

Women investors are continuously increasing in the stock market. According to National Stock Exchange data, there were a total of 10.55 crore individual investors in the country as of October. The share of women in this was 2.52 crore i.e. 23.9%. Their share was 23% in the financial year 2023-24 and 22.5% in 2022-23.

According to NSE data, the share of women among total equity investors has increased to more than 27% in states like Maharashtra, Gujarat, Tamil Nadu and Kerala. A year ago, the share of women in these states was less than 27%.

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6. Ola stores will increase from 800 to 4,000 in a month: CEO Bhavish Aggarwal shared the post and said, company’s shares rose 6%.

Bhavish Aggarwal, CEO of Ola Electric Mobility Limited, said that the company’s stores will be increased from 800 to 4,000 in a month. Bhavish Aggarwal gave this information by sharing a post on social media platform

Bhavish Aggarwal shared the post and wrote, ‘This month we are taking the electric revolution to the next level. From 800 stores we will reach 4000 stores this month itself. Our goal is to get as close to our customers as possible.

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