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<ul><li><keyword id="20958838" type="General" weightage="20" keywordseo="Manba-Finance" source="Orion">Manba Finance</keyword> is expected to announce its IPO share allotment status on Thursday, September 26.</li><li>The shares of Manba Finance were subscribed 215.88 times.</li><li>The <keyword id="23314542" type="General" weightage="20" keywordseo="Manba-Finance-shares" source="keywords">Manba Finance shares</keyword> are expected to be listed on the stock exchanges on September 30.</li></ul> Mumbai-based Manba Finance, a non-banking finance company (NBFC) offering auto loans, small business loans and personal loans is expected to announce the allotment status of its initial public offering (IPO) on Thursday, September 26. The <keyword id="23314540" type="General" weightage="20" keywordseo="Manba-Finance-IPO" source="keywords">Manba Finance IPO</keyword> opened on September 23 and closed on September 25. The price band for the Manba Finance IPO was ₹114 to ₹120 per share. <h2>Manba Finance IPO subscription status</h2>On its last day, the Manba Finance IPO was subscribed 215.88 times, receiving bids for 189.95 crore equity shares against 87.99 lakh shares on offer. While the qualified institutional buyer (QIB) portion was subscribed 148.55 times, the non-institutional investor's portion was subscribed 506.16 times. The retail portion also witnessed excellent participation and was subscribed 129.99 times. <h2>Manba Finance IPO Grey market premium</h2>The shares of Manba Finance are currently commanding a grey market premium (GMP) of ₹60 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <h2>How to check the Manba Finance IPO’s allotment status</h2>You can check the <keyword id="23314543" type="General" weightage="20" keywordseo="Manba-Finance-IPO-allotment" source="Orion">Manba Finance IPO allotment</keyword> status on the registrar’s website. <ul><li>To check the Manba Finance IPO allotment status, visit the registrar’s website<a href="https://linkintime.co.in/initial_offer/public-issues.html"> here</a>.</li><li>Click on ‘Select Company’ and then select ‘Manba Finance’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Click on submit.</li></ul>You will be able to see your Manba Finance IPO application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Manba Finance IPO allotment status on the BSE and NSE websites. To check the allotment status on the BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘Manba Finance’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of Manba Finance shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your Manba Finance IPO allotment status on NSE. <h2>Manba Finance IPO listing date</h2>The shares of Manba Finance will be listed on the stock exchanges on September 30. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/hyundai-motor-indias-25000-crore-ipo-gets-sebi-approval-indias-biggest-ipo-expected-to-launch-in-october/articleshow/113658837.cms">Hyundai Motor India’s ₹25,000 crore IPO gets SEBI approval – India’s biggest IPO expected to launch in October</a> <a href="https://www.businessinsider.in/stock-market/webstories/krn-heat-exchanger-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/113653270.cms">KRN Heat Exchanger IPO – Price band to risk factors, all you need to know</a> <a href="https://www.businessinsider.in/stock-market/news/sebi-report-reveals-the-ugly-truth-of-fo-trading-in-india-93-of-retail-traders-incurred-losses/articleshow/113620397.cms">SEBI report reveals the ugly truth of F&amp;O trading in India – 93% of retail traders incurred losses</a>

Manba Finance IPO allotment – How to check allotment, IPO GMP, listing date and more

Manba Finance IPO – Price band to risk factors, all you need to know

Hearing a <keyword id="23328289" type="General" weightage="20" keywordseo="maintenance-dispute" source="keywords">maintenance dispute</keyword> of a couple aged between 70 and 80, the Allahabad High Court has remarked that "it appears <keyword id="22005596" type="General" weightage="20" keywordseo="Kalyug" source="keywords">Kalyug</keyword> has arrived." The observation was made by Justice Saurabh Shyam Shamshery while hearing a criminal revision petition filed by 80-year-old Munesh Kumar Gupta of Aligarh, who moved the high court challenging an order directing him to pay Rs 5,000 per month to his wife Gayatri Devi as maintenance. Gayatri Devi had moved a family court seeking financial support from her husband while pointing out that her husband was getting Rs 35,000 per month as a pension. <div type="Article" hostid="261" msid="113701988" title="The Amazon Great Indian Festival 2024 – Best deals and offers" mstype="2" mssubtype="0"></div> The family court awarded her a maintenance of Rs 5,000 per month. The husband then moved the high court against the family court's decision. During the hearing, the judge said, "It appears that Kalyug has arrived since a couple aged about 75-80 years is fighting a legal battle against each other for maintenance." The court, after the hearing on September 20, issued a notice to the wife, saying it hoped to reach a resolution that could satisfy both parties. SEE ALSO:<a href="https://www.businessinsider.in/business/telecom/news/airtel-is-using-ai-powered-technology-to-block-spam-calls-and-messages/articleshow/113691942.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/airtel-is-using-ai-powered-technology-to-block-spam-calls-and-messages/articleshow/113691942.cms" target="_blank">Airtel is using AI-powered technology to block spam calls and messages</a><a href="https://www.businessinsider.in/stock-market/webstories/diffusion-engineers-ipo-quick-review-ipo-gmp-risk-factors-and-more/slidelist/113687580.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/diffusion-engineers-ipo-quick-review-ipo-gmp-risk-factors-and-more/slidelist/113687580.cms" target="_blank">Diffusion Engineers IPO quick review – IPO GMP, risk factors and more</a><a href="https://www.businessinsider.in/stock-market/news/manba-finance-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113667907.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/manba-finance-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113667907.cms" target="_blank">Manba Finance IPO allotment – How to check allotment, IPO GMP, listing date and more</a>

Kalyug has arrived: Allahabad HC hearing elderly couple's maintenance dispute

<keyword id="19986399" type="General" weightage="20" keywordseo="Tata-Electronics" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Electronics" meta.hostid="261" meta.entityid="Tata Electronics">Tata Electronics</keyword> on Thursday said it has concluded an agreement with Taiwan-based Powerchip <keyword id="20073013" type="General" weightage="20" keywordseo="semiconductor-manufacturing" source="keywords">Semiconductor Manufacturing</keyword> Corporation, which will provide technology support for the Dholera wafer fab of the Indian tech major. As per the agreement, PSMC will provide design and construction support to build India's first AI-enabled greenfield fab in Gujarat, license a broad portfolio of technologies and provide engineering support to the fab unit. "We are pleased to partner with PSMC, whose technology and expertise will significantly accelerate our roadmap to pioneer semiconductor manufacturing in India. It will position us to play a key role in the growing semiconductor market to serve global customers," Tata Sons Chairman N Chandrasekaran said. The company is setting up a chip manufacturing unit in Dholera at an investment of up to Rs 91,000 crore ( about USD 11 billion). "<keyword id="19924335" type="General" weightage="20" keywordseo="Tata-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Group" meta.hostid="261" meta.entityid="Tata Group">Tata Group</keyword>'s multi-fab vision for Dholera is projected to create over 1,00,000 skilled jobs," the statement said. Tata Electronics' Dholera-based Fab will have a manufacturing capacity of up to 50,000 wafers per month. "This partnership represents a win-win situation, as it positions PSMC and the Taiwanese ecosystem to gain a significant first-mover advantage in the rapidly expanding Indian market while helping India achieve self-reliance in semiconductor manufacturing," Powerchip Group, Chairman and CEO of PSMC, Frank Huang said. SEE ALSO:<a href="https://www.businessinsider.in/business/telecom/news/airtel-is-using-ai-powered-technology-to-block-spam-calls-and-messages/articleshow/113691942.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/airtel-is-using-ai-powered-technology-to-block-spam-calls-and-messages/articleshow/113691942.cms" target="_blank">Airtel is using AI-powered technology to block spam calls and messages</a><a href="https://www.businessinsider.in/stock-market/webstories/diffusion-engineers-ipo-quick-review-ipo-gmp-risk-factors-and-more/slidelist/113687580.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/diffusion-engineers-ipo-quick-review-ipo-gmp-risk-factors-and-more/slidelist/113687580.cms" target="_blank">Diffusion Engineers IPO quick review – IPO GMP, risk factors and more</a><a href="https://www.businessinsider.in/stock-market/news/manba-finance-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113667907.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/manba-finance-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113667907.cms" target="_blank">Manba Finance IPO allotment – How to check allotment, IPO GMP, listing date and more</a>

Tata Electronics, PSMC conclude pact for ₹91,000 crore Dholera chip manufacturing unit

<keyword id="20275413" type="General" weightage="20" keywordseo="benchmark-indices" source="keywords">Benchmark indices</keyword> <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> climbed to fresh all-time highs on Thursday driven by buying in <keyword id="23245107" type="General" weightage="20" keywordseo="auto-shares" source="keywords">auto shares</keyword> amid a sharp rally in <keyword id="20155107" type="General" weightage="20" keywordseo="Asian-markets" source="keywords">Asian markets</keyword>. The BSE Sensex jumped 666.25 points or 0.78 per cent to settle at an all-time high of 85,836.12. During the day, it reached a record intra-day peak of 85,930.43, surging 760.56 points or 0.89 per cent. The benchmark is just 69.57 points away from the 86,000-peak. Rallying for the sixth day in a row, the NSE Nifty climbed 211.90 points or 0.81 per cent to close at a <keyword id="19953076" type="General" weightage="20" keywordseo="record-high" source="keywords">record high</keyword> of 26,216.05. During the day, it soared 246.75 points or 0.94 per cent to hit a fresh intra-day lifetime peak of 26,250.90. From the 30 Sensex firms, Maruti jumped nearly 5 per cent. Tata Motors, Bajaj Finserv, Mahindra &amp; Mahindra, Tata Steel, JSW Steel, UltraTech Cement, Bajaj Finance and Nestle were the other big gainers. Larsen &amp; Toubro and NTPC were the laggards. Asian markets had a fantastic day at trade, with exchanges in Seoul, Tokyo, Shanghai and Hong Kong settling with significant gains. European markets were trading in the positive territory. The US markets ended mostly lower on Wednesday. Foreign Institutional Investors (<keyword id="19950996" type="General" weightage="20" keywordseo="FIIs" source="keywords">FIIs</keyword>) offloaded equities worth Rs 973.94 crore on Wednesday while Domestic Institutional Investors (DIIs) were buyers as they bought equities worth Rs 1,778.99 crore, according to exchange data. "There are no immediate near-term triggers that can take the market sharply up or down. Up moves may attract selling by FIIs who are likely to move some more money to China and Hong Kong since these markets are cheap and are witnessing an uptrend now," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. But FII selling is unlikely to push the market down significantly since the ample domestic liquidity can easily absorb such selling, Vijayakumar said. Global oil benchmark Brent crude declined 1.80 per cent to USD 72.14 a barrel. The BSE benchmark climbed 255.83 points or 0.30 per cent to settle at an all-time high of 85,169.87 on Wednesday. The Nifty climbed 63.75 points or 0.25 per cent to close at a record high of 26,004.15. SEE ALSO:<a href="https://www.businessinsider.in/business/telecom/news/airtel-is-using-ai-powered-technology-to-block-spam-calls-and-messages/articleshow/113691942.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/airtel-is-using-ai-powered-technology-to-block-spam-calls-and-messages/articleshow/113691942.cms" target="_blank">Airtel is using AI-powered technology to block spam calls and messages</a><a href="https://www.businessinsider.in/stock-market/webstories/diffusion-engineers-ipo-quick-review-ipo-gmp-risk-factors-and-more/slidelist/113687580.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/diffusion-engineers-ipo-quick-review-ipo-gmp-risk-factors-and-more/slidelist/113687580.cms" target="_blank">Diffusion Engineers IPO quick review – IPO GMP, risk factors and more</a><a href="https://www.businessinsider.in/stock-market/news/manba-finance-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113667907.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/manba-finance-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113667907.cms" target="_blank">Manba Finance IPO allotment – How to check allotment, IPO GMP, listing date and more</a>

Markets on a roll: Sensex, Nifty hit fresh highs tracking rally in Asian peers

<ul><li><keyword id="19896909" type="General" weightage="20" keywordseo="Airtel" source="keywords" meta.keywordsubtype="org" meta.entityname="Airtel" meta.hostid="261" meta.entityid="Airtel">Airtel</keyword> has announced an AI-powered solution to tackle <keyword id="20649571" type="General" weightage="20" keywordseo="spam-calls" source="keywords">spam calls</keyword> and messages.</li><li>The telco will use AI to scan and alert users about spam calls and messages.</li><li>The company will roll out the new feature to all users for free.</li></ul> Spam calls and messages are a nuisance and while the <keyword id="19945464" type="General" weightage="20" keywordseo="Telecom-Regulatory-Authority-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Telecom Regulatory Authority of India" meta.hostid="261" meta.entityid="Telecom Regulatory Authority of India">Telecom Regulatory Authority of India</keyword> (TRAI) has taken steps to tackle the issue, it has failed to do so completely. Telecom operator <keyword id="19951944" type="General" weightage="20" keywordseo="Bharti-Airtel" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharti Airtel" meta.hostid="261" meta.entityid="Bharti Airtel">Bharti Airtel</keyword> has now deployed <keyword id="21310835" type="General" weightage="20" keywordseo="AI-powered-technology" source="keywords">AI-powered technology</keyword> to try to solve the issue. The company termed it as the country’s “first AI-powered <keyword id="23323248" type="General" weightage="20" keywordseo="spam-detection-solution" source="keywords">spam detection solution</keyword>”. The company has said that it will offer this spam detection solution to all users for free. "Spam has become a menace for customers. We have spent the last twelve months solving this comprehensively," said <keyword id="20174209" type="General" weightage="20" keywordseo="Gopal-Vittal" source="keywords">Gopal Vittal</keyword>, Managing Director and Chief Executive Officer, Bharti Airtel. <div type="Article" hostid="261" msid="113548793" title="Jio and Airtel lost subscribers in July after tariff hike, BSNL records growth" mstype="2" mssubtype="0"></div> As per the company, the tool will alert customers in real time to all suspected spam calls and messages. Customers won’t have to do anything to enable this and it will be auto-activated for all Airtel customers without them having to raise a service request or download any app. "Our solution has been able to successfully identify 100 million potential spam calls and 3 million spam SMSes originating every day," Vittal added. Airtel has claimed that the AI-powered spam detection solution, developed in-house by Airtel's data scientists flags suspected spam calls and messages accurately. <div type="Article" hostid="261" msid="112841081" title="Airtel customers to get access to Apple TV+, Apple Music – telco to absorb Wynk Music employees" mstype="2" mssubtype="0"></div> In addition to alerting users about spam calls and messages, this tool will also alert customers about malicious links received via SMS. To address this, Airtel said it has built a centralised database of blacklisted URLs and every SMS is scanned in real-time by an AI algorithm to caution users from accidentally clicking on suspicious links. "There are several indicators based on which we have identified spammers. We have developed an AI-enabled spam detection solution which analyses calls in 2 milliseconds and alerts users on the dialer," Vittal added. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/webstories/diffusion-engineers-ipo-quick-review-ipo-gmp-risk-factors-and-more/slidelist/113687580.cms">Diffusion Engineers IPO quick review – IPO GMP, risk factors and more</a> <a href="https://www.businessinsider.in/stock-market/news/manba-finance-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113667907.cms">Manba Finance IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/entertainment/news/it-is-cheaper-to-watch-coldplay-perform-in-abu-dhabi-than-to-pay-scalpers-for-mumbai-tickets/articleshow/113665893.cms">It is cheaper to watch Coldplay perform in Abu Dhabi than to pay scalpers for Mumbai tickets</a>

Airtel is using AI-powered technology to block spam calls and messages

<ul><li><keyword id="19897349" type="General" weightage="20" keywordseo="Ola-Electric" source="keywords" meta.keywordsubtype="org" meta.entityname="Ola Electric" meta.hostid="153" meta.entityid="Ola Electric">Ola Electric</keyword> has announced its plans to expand its sales and service infra to 10,000 outlets.</li><li>The company said it plans on reaching this by the end of 2025 and has initiated a network partner programme.</li><li>The programme is aimed at pushing sales into tier-2 and tier-3 cities.</li></ul>Bhavish Aggarwal-led Ola Electric on Thursday said it will establish 10,000 sales and service outlets by the end of 2025 to expand its reach across smaller cities and towns. The electric two-wheeler maker said it has initiated a network partner programme aimed at taking EV sales further into tier-2 and tier-3 cities, including urban pockets where EV penetration remains low. Under the initiative, the company has reportedly on-boarded 625 partners to expand its sales footprint across India, it said in a statement. The company further plans to have 1,000 partners ahead of the festive season this year, it added. <div type="twitter" handle="bhash" handlename="bhash" favoritecount="0" retweetcount="0" id="1839215479480549447"></div> Ola Electric said it aggressively plans to expand its network by on-boarding 10,000 partners, across sales and service, by the end of 2025. This, the company claims will give it an edge over its competitors. The company currently has around 800 company-owned stores, and with the network partner programme, it will have nearly 1,800 sales and service touch points ahead of the upcoming festive season. "Our D2C model has been extremely successful in driving sustainable business growth. The Network Partner Program will further amplify the benefits of our D2C network as it requires limited capital investment from partners and can be scaled up really fast," Ola Electric Chairman and MD Bhavish Aggarwal stated. While the company-owned stores will be the anchors of sales and service network, this programme will be instrumental in expanding the EV footprint deeper into the urban and rural markets, he added. "We will continue to expand and invest in our front-end network to accelerate EV adoption to #EndICEAge, and by the end of next year, will have 10,000 Network Partners across the country," Aggarwal said. Ola Electric sells electric scooters and bikes priced from ₹74,999 to ₹1,99,999. Ola Electric reported a sale of 27,506 units in August 2024, up from 18,749 vehicles sold in August 2023, reporting a 46.7% year-on-year growth. This is however lower than its July 2024 sales of 41,711 vehicles. The sale of <keyword id="19895203" type="General" weightage="20" keywordseo="electric-vehicles" source="keywords">electric vehicles</keyword> has slowed down, amid reduced subsidies, an increase in customer issues with the vehicles and more. With inputs from agencies. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/airtel-is-using-ai-powered-technology-to-block-spam-calls-and-messages/articleshow/113691942.cms">Airtel is using AI-powered technology to block spam calls and messages</a> <a href="https://www.businessinsider.in/stock-market/webstories/diffusion-engineers-ipo-quick-review-ipo-gmp-risk-factors-and-more/slidelist/113687580.cms">Diffusion Engineers IPO quick review – IPO GMP, risk factors and more</a> <a href="https://www.businessinsider.in/stock-market/news/manba-finance-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113667907.cms">Manba Finance IPO allotment – How to check allotment, IPO GMP, listing date and more</a>

Ola Electric plans to expand sales and service infra to 10,000 outlets by 2025-end

<ul><li>Rating agency <keyword id="19908266" type="General" weightage="20" keywordseo="ICRA" source="keywords" meta.keywordsubtype="org" meta.entityname="ICRA" meta.hostid="153" meta.entityid="ICRA">Icra</keyword> has said that there is a possibility to cut petrol and <keyword id="20960834" type="General" weightage="20" keywordseo="diesel-prices" source="keywords">diesel prices</keyword>.</li><li>The drop in <keyword id="19942492" type="General" weightage="20" keywordseo="crude-oil" source="keywords">crude oil</keyword> prices has significantly improved margins.</li><li>The prices could be reduced by up to ₹3 per litre.</li></ul>A reduction in crude oil prices in recent weeks has improved margins on retail auto fuels, providing state-owned firms a headroom to cut petrol and diesel prices by ₹2-3 per litre, rating agency Icra said on Thursday. The price of a basket of crude oil India imports averaged $74 per barrel in September, down from about $83-84 a barrel in March when petrol and diesel prices were last cut by ₹2 per litre. In a note, Icra said the marketing margins on retail sales of auto fuels for the Indian Oil Marketing Companies (<keyword id="20049188" type="General" weightage="20" keywordseo="OMCs" source="keywords">OMCs</keyword>) have improved in recent weeks with the reduction in crude prices. The rating agency has said that there is headroom for a reduction of fuel prices if crude prices remain stable at current levels. "ICRA estimates that the OMCs' net realisation was higher by ₹15 per litre for petrol and ₹12 a litre for diesel vis-a-vis international product prices in September 2024 (till September 17). The retail selling price (RSPs) of these fuels have been unchanged since March 2024 (₹2/litre was reduced on petrol and diesel on March 15, 2024) and there appears to be headroom for their downward revision by ₹2-3 per litre if crude prices remain stable,” said Girishkumar Kadam, Senior Vice President and Group Head, Corporate Ratings, ICRA. Crude prices have witnessed a sharp decline in the last few months, primarily due to weak global economic growth and high US production and the OPEC+ has pushed the rollback of its production cuts by two months to combat the declining prices. A decline in the price of crude oil had rekindled hopes for a reduction in petrol and diesel rates that have been on a freeze for over two years now barring a pre-election reduction in March. While petrol and diesel pricing is deregulated, the state-owned fuel retailers, <keyword id="19908045" type="General" weightage="20" keywordseo="Indian-Oil-Corporation" source="keywords" meta.keywordsubtype="org" meta.entityname="Indian Oil Corporation" meta.hostid="153" meta.entityid="Indian Oil Corporation">Indian Oil Corporation</keyword> (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), have rarely used this freedom since late 2021 by not revising prices in line with cost. They stopped daily price revision in early November 2021 when rates across the country hit an all-time high, prompting the government to roll back a part of the excise duty hike it had effected during the pandemic to take advantage of low oil prices. The freeze continued into 2022 but the war-led spike in international oil prices prompted a ₹10 a litre hike in petrol and diesel prices from mid-March 2022 before another round of excise duty cut rolled back all of the ₹13 a litre and ₹16 a litre increase in taxes on petrol and diesel done during the pandemic. That followed the current price freeze which began on April 6, 2022, and continued till March 15 reduction. Thereafter there has been a freeze in rates again. Petrol costs ₹94.72 per litre in the national capital and diesel comes for ₹87.62 a litre. Icra said the Singapore Gross Refining Margins (GRMs) witnessed significant moderation in the first half of the 2024-25 fiscal (April 2024 to March 2025) to about $4 per barrel due to a drop in crack spreads with higher product output and reduced demand. The impact is mainly on account of weak demand from China due to rising electric vehicle (EV) sales, muted industry demand and real estate downturn. Further, demand in Europe has also been subdued due to weak industrial activity and a structural shift in vehicle fleets towards EVs, it said. "A marketing gain of ₹1 per litre on petrol and diesel would compensate for the GRM loss of $0.9 per barrel for the domestic refining and marketing industry," Icra said. Commenting on the OMCs' profitability, Kadam said: "The OMCs reported healthy operating margins in FY2024 (April 2023 to March 2024), recouping the losses incurred during FY2023. Despite moderation in the GRMs, the improvement in marketing margins is likely to result in the OMCs maintaining their profitability in H1 FY2025". However, inventory losses due to a sharp decline in crude prices could impact profitability to an extent in Q2 FY2025. Further, the profitability for standalone refiners would take a hit with the declining GRMs. Petroleum, Oil &amp; Lubricants (POL) consumption in India witnessed year-on-year growth of 5 per cent in FY2024 and is likely to witness a 3-4 per cent growth in FY2025, driven by economic progress, increasing mobility and air travel. The OMCs have planned a significant capex in the refining segment. The domestic refining capacity is expected to increase to 306 million tonnes over the next three to four years from the current capacity of 256.8 million tonnes as of March 2024 to support the increased consumption and exports, Icra said expecting the capacity utilisation of the PSU and the private refiners to remain healthy in FY2025. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/airtel-is-using-ai-powered-technology-to-block-spam-calls-and-messages/articleshow/113691942.cms">Airtel is using AI-powered technology to block spam calls and messages</a> <a href="https://www.businessinsider.in/stock-market/webstories/diffusion-engineers-ipo-quick-review-ipo-gmp-risk-factors-and-more/slidelist/113687580.cms">Diffusion Engineers IPO quick review – IPO GMP, risk factors and more</a> <a href="https://www.businessinsider.in/stock-market/news/manba-finance-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113667907.cms">Manba Finance IPO allotment – How to check allotment, IPO GMP, listing date and more</a>

Headroom to cut petrol and diesel prices by ₹2-3 per litre: Icra

<ul><li>The <keyword id="23134822" type="General" weightage="100" keywordseo="Amazon-Great-Indian-Festival" source="keywords">Amazon Great Indian Festival</keyword> 2024 is now live for Prime users.</li><li>The sale brings offers across a wide range of products, allowing you to grab them at their best prices.</li><li>Here’s everything you need to know about the Amazon Great Indian Festival sale.</li></ul> The ongoing Amazon Great Indian Festival 2024 sale is now live for <keyword id="20197203" type="General" weightage="20" keywordseo="Amazon-Prime" source="keywords">Amazon Prime</keyword> users. The sale brings amazing deals across a wide range of products including smartphones, tablets, laptops, wearables, home appliances, apparel and more. The Great Indian Festival is one of the biggest annual sales that the e-commerce giant hosts each year. Amazon is currently offering discounts, exchange offers, no-cost EMI options and more across a wide range of products. <h2>Bank offers</h2>In addition to the discounts offered by Amazon, you can avail of an additional 10% instant discount on SBI debit cards and credit cards. <h2>New launches</h2>Amazon has announced that several new products will be launched on the platform during the sale, including smartphones, audio devices, TVs, home appliances, apparel and more. <h2>Best deals on Amazon Great Indian Festival sale</h2>Let’s look at some of the best deals during the Amazon Great Indian Festival 2024: Samsung Galaxy S24 5G <cmsannotation type="cmsannotation" annotationid="B0CS5ZZMN8" comment="amazoncard" text="B0CS5ZZMN8">B0CS5ZZMN8</cmsannotation> If you are in the market for a powerful and reliable Android smartphone, the Samsung Galaxy S24 5G is an excellent option. It features a 6.2-inch Full HD+ Dynamic AMOLED display with a 120Hz refresh rate. It is powered by the Exynos 2400 chipset coupled with 8GB RAM and up to 512GB of internal storage. It features a triple camera setup at the back and comes with a 12MP front camera. It is powered by a 4,000mAh battery and comes with 25W charging support. The phone is currently available for ₹62,999, down from its original price of ₹74,999. Apple iPhone 13 <cmsannotation type="cmsannotation" annotationid="B09G9BL5CP" comment="amazoncard" text="B09G9BL5CP">B09G9BL5CP</cmsannotation> If you are looking to purchase an iPhone without burning a hole in your pocket, the iPhone 13 is currently available at a discounted price. The iPhone 13 features a large 6.1-inch Super Retina display and is powered by the powerful A15 Bionic chipset. The device features a dual camera setup at the back consisting of a 48MP primary camera and is equipped with a 12MP selfie camera. The iPhone 13 128GB variant is currently available for ₹41,999, down from its original price of ₹59,900. OnePlus Nord CE 3 5G <cmsannotation type="cmsannotation" annotationid="B0C9QS5G2R" comment="amazoncard" text="B0C9QS5G2R">B0C9QS5G2R</cmsannotation> If you are in the market for an affordable smartphone, the OnePlus Nord CE 3 5G is a good option despite being slightly old. It features a 6.7-inch Full HD+ AMOLED display with a 120Hz refresh rate. It is powered by the Snapdragon 782G chipset coupled with 8GB RAM and 128GB of internal storage. The device features a triple camera setup at the back and comes with a 16MP selfie camera. It is powered by a large 5,000mAh battery and comes with 80W fast charge support. The OnePlus Nord CE 3 5G is currently available for ₹16,999, down from its original price of ₹26,999. Sony Bravia TV KD-65X74K <cmsannotation type="cmsannotation" annotationid="B09WN3SRC7" comment="amazoncard" text="B09WN3SRC7">B09WN3SRC7</cmsannotation> The Sony Bravia Smart LED Google TV KD-65X74K is a good option if you are in the market for a premium television for your home. It features a huge 65-inch, delivering an immersive viewing experience, vibrant colours, and excellent picture quality. It comes with the company’s X1 4K processor and MotionFlow XR100 technology. It is currently available for ₹72,990, down from its original price of ₹1,39,900. OnePlus Pad <cmsannotation type="cmsannotation" annotationid="B0BY2ZZ4SJ" comment="amazoncard" text="B0BY2ZZ4SJ">B0BY2ZZ4SJ</cmsannotation> The OnePlus Pad is worth considering if you are looking for a powerful tablet with a high refresh rate. The tablet supports the company’s keyboard and case, allowing you to get work done on the go easily. It features an 11.6-inch 2.8K LCD display with a 144Hz refresh rate. It is equipped with the MediaTek Dimensity 9000 chipset, coupled with up to 12GB RAM with 256GB storage. The OnePlus Pad comes with a 13MP rear camera and an 8MP selfie camera. It is powered by a 9,510mAh battery with 67W fast charging support. It is currently available for ₹31,890, down from its original price of ₹39,999. Asus VivoBook 16 <cmsannotation type="cmsannotation" annotationid="B0CHMZRC89" comment="amazoncard" text="B0CHMZRC89">B0CHMZRC89</cmsannotation> The Asus VivoBook 16 is a good laptop, worth considering if you are looking for an affordable option. It is a thin and light laptop that features a 16-inch Full HD+ display. The laptop from Asus is powered by a 13th-generation Intel Core i9 chipset coupled with 16GB RAM and a 512GB SSD. The laptop comes with Windows 11 and offers Office 2021. It comes with several I/O ports that make it a good option. The laptop is currently available for ₹69,990, down from its original price of ₹1,16,990. Orient Electric 1200mm Aerosense BLDC Ceiling Fan <cmsannotation type="cmsannotation" annotationid="B0DH4LNMVR" comment="amazoncard" text="B0DH4LNMVR">B0DH4LNMVR</cmsannotation> For those looking to get a smarter fan during the sale, the Orient Electric Aerosense BLDC ceiling fan is a good option. It is a smart fan that comes with a BLDC Motor. The fan can be controlled using a remote or through the company’s app, allowing you to easily use it without having to get up. It offers an airflow capacity of 245 CMM and has a wattage of 40 Watts. It is available in three colour options – Ash Wood, Honeymaple Wood and White. Sony WF-C500 <cmsannotation type="cmsannotation" annotationid="B09PC695Q9" comment="amazoncard" text="B09PC695Q9">B09PC695Q9</cmsannotation> Sony is another popular name when it comes to audio products. The Sony WF-C500 is a good option if you are looking for reliable true wireless earbuds. It comes with a compact form factor and fits snugly in your ear. The earbuds come with IPX4 water resistance support, allowing you to use them outdoors and during workouts. It offers a 20-hour battery life and a 10-minute charge offers an hour of playback. It is currently available for ₹3,988, down from its original price of ₹8,990. JBL Flip 6 <cmsannotation type="cmsannotation" annotationid="B09V7WS4PP" comment="amazoncard" text="B09V7WS4PP">B09V7WS4PP</cmsannotation> The JBL Flip 6 Bluetooth speaker is one of the must-have devices if you often find yourselves hosting parties or get-togethers. It is a powerful speaker that is waterproof, allowing you to carry it with you to pool parties. The Bluetooth speaker offers over 12 hours of music playback on a single charge and comes with Google Assistant and Siri support. The speaker is IP67 rated for water and dust resistance, allowing you to easily carry it with you outdoors. It is available for ₹8,999, down from its original price of ₹13,999. Echo Dot 5th gen <cmsannotation type="cmsannotation" annotationid="B09B8XJDW5" comment="amazoncard" text="B09B8XJDW5">B09B8XJDW5</cmsannotation> If you are in the market for an affordable smart speaker, the Echo Dot 5th Gen is a good option. It can stream songs from platforms like Prime Music, Spotify, Apple Music and more. It can set alarms, check the weather, set reminders, check cricket scores and more. The device supports English and Hindi voice commands. Keeping privacy in mind, the device also comes with a mic-off button. It is currently available for ₹4,449, down from its original price of ₹5,499. Boat Stone 1450 Bluetooth speaker <cmsannotation type="cmsannotation" annotationid="B09SJ32HQZ" comment="amazoncard" text="B09SJ32HQZ">B09SJ32HQZ</cmsannotation> The Boat Stone 1450 is another good option if you are looking for a portable Bluetooth speaker. The Boat Stone 1450 features an easy-to-carry design and comes with dynamic RGB LEDs. It is also IPX5 water resistant, so be it your party hall or the poolside, you can use it everywhere. It features 40W RMS speakers, which are loud and definitely add a punch to your tunes. They feature connectivity ports like an AUX port and a USB port. The 3,600mAh battery offers you up to five hours of playtime on a single charge. The Boat Stone 1450 is currently available for ₹4,499, down from its regular price of ₹8,999. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/airtel-is-using-ai-powered-technology-to-block-spam-calls-and-messages/articleshow/113691942.cms">Airtel is using AI-powered technology to block spam calls and messages</a> <a href="https://www.businessinsider.in/stock-market/webstories/diffusion-engineers-ipo-quick-review-ipo-gmp-risk-factors-and-more/slidelist/113687580.cms">Diffusion Engineers IPO quick review – IPO GMP, risk factors and more</a> <a href="https://www.businessinsider.in/stock-market/news/manba-finance-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113667907.cms">Manba Finance IPO allotment – How to check allotment, IPO GMP, listing date and more</a>

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Headroom to cut petrol and diesel prices by ₹2-3 per litre: Icra

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