Business

Mercedes Benz India plans to hike prices by 1-1.5% from September due to a weak rupee against the euro, says MD and CEO Santosh Iyer. Source

Donald Trump said, ahead of the Federal Open Market Committee’s (FOMC) policy announcement, “We have a stupid person at the Fed.” Source

India Business News: Oil India Ltd. and Gail have solidified their partnership with a 15-year agreement for natural gas supply from Oil India’s Rajasthan field. Effective Source

The plan was endorsed by the Secretary at the Department for Promotion of Industry and Internal Trade (DPIIT), Amardeep Singh Bhatia, emphasised the need to attract Global Capability Centre (GCC) investments and foster the development of Research & Development (R&D) centres at AURIC to further enhance the region’s innovation and industrial ecosystem. Source

Petrol, Diesel Price On June 19: Check City-Wise Rates Across India Including In Delhi, Mumbai And Lucknow Source

India Business News: The government is planning to sell more shares of Life Insurance Corporation (LIC) through an Offer for Sale (OFS). DIPAM will finalize the transactio Source

The bank also disclosed the ongoing review by an external agency which was independently reviewing the internal findings Source

Experts believe that while the current escalation has not yet crossed a threshold to warrant a full-blown market correction Source

India Business News: The Ministry of Finance has dismissed media reports suggesting banks were instructed to close inactive Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts Source

FSSAI warns Food Business Operators of zero tolerance for false Annual Returns, urging strict compliance and timely corrections to avoid penalties. Source