India’s Wholesale inflation at 10.7% in September; remains in double digits for 18 months in a row
India’s WPI inflation came down to 10.7 per cent per cent in September, from 12.41 per cent in August, aligned with the analysts’ sentiment. The ease off in the wholesale price index-based inflation was primarily aided by fall in the global commodity prices, the data released by the Ministry of Commerce & Industry showed. However, despite the cool off, the WPI has remained in double digits for the 18th month in a row, starting from April 2021. The WPI inflation levels have been on a downward trend since the spike witnessed in July when it spiked to 13.93 per cent. On the contrary, earlier this week, the retail inflation saw an upsurge and came in at a 5-month high of 7.41 per cent.
Himachal Pradesh elections to be held in single-phase on November 12, Gujarat poll dates not announced
The Election Commission on Friday said that all 68 Assembly segments of Himachal Pradesh will go for polls in a single-phase on November 12, said Chief Election Commissioner Rajiv Kumar. The counting of votes will take place on December 8. However, the dates for Gujarat election have not been released by the ECI.
The press conference began at 3 pm at Vigyan Bhawan, New Delhi.
India to play a key role in building 20 unicorns in UAE by 2031
The United Arab Emirates (UAE) is aiming to build 20 unicorns or startups with a valuation of $1 billion and above, by 2031, wherein India is expected to play a key role.
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Abdullah bin Touq Al Marri, UAE Minister of Economy, on Friday launched the Entrepreneurial Nation 2.0 initiative at GITEX GLOBAL 2022, the region’s annual flagship technology event. The initiative seeks to nurture 8,000 small and medium enterprises (SMEs) and create 20 unicorns in the region.
BPCL plans to invest Rs 500 crore on EV fast charging corridors in the next 6 months
BPCL, one of India’s leading petroleum companies has announced the launch of its electric fast-charging corridors in South India. The company has already installed 25 kW fast chargers in two corridors in the south and in its second phase, BPCL is looking at converting 7,000 petrol stations to energy stations in the short to medium term along the Bangalore-Chennai and Bangalore-Mysore-Coorg highway.
Maruti Suzuki S-Presso CNG launched at Rs 5.90 lakh: Claims 32.73 km/kg mileage
Maruti Suzuki, India’s largest carmaker, has introduced the CNG version of the S-Presso in the country. The new 2022 Maruti Suzuki S-Presso CNG has been launched in India at a starting price of Rs 5.90 lakh, ex-showroom. It is claimed to offer a mileage of 32.73 km/kg. The S-CNG version of the S-Presso is offered in two variants and its variant-wise prices are mentioned below.