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Biden’s prediction on prices remaining high echoed the opinions of analysts, who point out that demand by drivers returning to roads has soared. A key indicator of U.S. gasoline demand rose to the highest level for this time of year since 2007 this week.

Petrol and diesel in Delhi is now priced at Rs 107.24 per litre and Rs 95.97 per litre respectively today. In Mumbai, petrol and diesel will cost you Rs 113.12 and Rs 104.00. In Kolkata, it is Rs 107.78 and Rs 99.08 respectively while in Chennai it will be Rs 104.22 and Rs 100.25 a litre.

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A TOI report said the shortage could threaten availability of hundreds of chip-powered critical care and ICU devices including ventilators, defibrillators, imaging machines, glucose, ECG, blood pressure monitors and implantable pacemakers.

Elan Group has awarded the construction contract worth Rs 62.15 crore to BL Kashyap and Sons Ltd. for Elan Paradise.

Only 10 major European banks may need to raise capital as a result of the rollout of new global rules and their shortfall could be smaller than 27 billion euros ($31.43 billion), according to draft European Union regulation seen by Reuters.

The pattern analysis of the weekly chart shows that the NIFTY is in secular uptrend; it is tracking and is well above the upper rising trend line drawn from the lows of March 2020. Apart from a minor blip, the NIFTY has largely stayed above this upper rising trend line while protecting its secular uptrend.

​It is expected that Mr. Market next week may still find it difficult to hold ground and may remain range- bound. Additionally, with the monthly expiry next week, volatility in the market may persist. After hitting the 40,000 mark for the first time this week, Bank Nifty is expected to be in focus going forward as various banks disclose their results in the approaching week.

DoT frames rules for overhead fiber laying

Updated at : 2021-10-23 10:20:01

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The amendment prescribes a one-time compensation of Rs 1,000 per kilometre for laying overhead OFC which will lead to a uniform levy/fee charged by the local authorities. The RoW Rules until now covered only underground OFC and mobile towers.

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The funds have been infused in two tranches — Rs 2,175 crore in September and Rs 2,900 crore this month, totalling Rs 5,075 crore, according to financial data sourced through business intelligence platform Tofler. The reason behind the fund infusion in the Indian subsidiary is not known, but it is likely to be used for settling outstanding payments with dealers and vendors, and providing separation packages to employees.

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One97 Communications can now launch the Paytm IPO after it inculcates the observations SEBI may have made to its DRHP. The company is aiming for a listing by November-end.

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