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Monday, 2 March 2020

Hindustan Unilever, Defense Deal, Rajnath Singh, Numaligarh Refinery, HPCL, GDP growth rate, EPFO, NTPC

Hindustan Unilever, Defense Deal, Rajnath Singh, Numaligarh Refinery, HPCL, GDP growth rate, EPFO, NTPC

Business growth in India could stay weak due to the economic slowdown of Hindustan Unilever slowdown in rural areas

Hindustan Unilever believes that its business growth in India may remain weak due to the slowdown in rural areas due to the economic slowdown. India accounts for about 9% of Unilever's total sales, but Brazil with a 6% stake in the company's total sales and Indonesia with a 5% stake may remain strong in 2020. According to a report, FMCG's rural market growth was 5.2% in the December Quarter, while FMCG market growth in urban areas was 7.4% during this period.

America can currently provide India the most hi-tech weapon

US President Donald Trump visited India a few days ago. During this time, a defense deal of $ 3 billion has been signed between the two countries. The US will now give India the most high-tech weapon. According to the report of Stockholm International Peace Research Institute (SPRI), India is the world's second-largest weapon importer but now the country Defense Minister Rajnath Singh has said that India will export 35000 crore rupees annually in the next four years i.e. by 2024. India's current defense exports are currently Rs 17000 crore. Rajnath Singh has also said that India will join three big economies by 2030 and the defense industry will have the largest share of it.

Numaligarh Refinery Limited has started supplying BS-6 standard petrol and diesel

Numaligarh Refinery Limited has started the supply of petrol and diesel of BS-6 standard. The company has said that it has already started supplying from the timeline so that companies marketing petroleum products can change Fuel stores at their retail sales centers and petrol pumps before the timeline. The company has set up a diesel hydrotreater plant at a cost of about one thousand crore rupees. The company has also invested Rs 125 crore on the plant for BS-6 standard petrol production.

HPCL set up its first Charging Center for charging electric vehicles in Karelibagh area of Vadodara in Gujarat

Hindustan Petroleum Corporation Ltd. (HPCL) has set up its first Charging Center for charging electric vehicles in the Karelibagh area of Vadodara in Gujarat This is HPCL's first Charging Center in Gujarat. Hindustan Petroleum has plans to open Charging Centers for electric vehicles at different places throughout the country. The charging center will have facilities for charging two-wheeler, three-wheeler, and four-wheeler electric vehicles.

Over 50% decline in chicken sales in India due to increased risk of coronavirus

Chicken sales in India have fallen by more than 50% due to the increased risk of Coronavirus, due to which its prices have fallen by more than 70% in a month. A Top Executive of Godrej Agrovet said that rumors are being spread on social media that eating chicken can spread the coronavirus, which has caused a decline in both the price and sale of chicken in the market. Godrej Agrovet Managing Director BS Yadav said that his poultry branch Godrej Tyson Foods is also facing problems due to this. Earlier, every week 6 lakhs of chickens were sold, which has reduced considerably now.

Current Financial Year's Third Quarter i.e. the October-December GDP growth rate figures are due to be released

The GDP growth rate figures for the third quarter of the current financial year i.e. October - December are about to be released. These official figures are coming at a time when the coronavirus has been affected worldwide. Due to this virus, conditions like Global Recession have been created and it is likely to affect India's economy as well. According to SBI Economists, GDP growth is estimated to be stable at 4.5% in the October-December quarter, due to which the coronavirus is being reported.

NTPC to start the business operation of 250 MW Capacity Unit of Barauni Thermal Power Plant in Bihar from 1st March.

NTPC will start the business operation of the 250 MW Capacity Unit of Barauni Thermal Power Plant in Bihar from March. NTPC's total capacity will increase to 57,356 MW with the start of the operation of this unit. Barauni Thermal Power Plant has a capacity of 720 MW and is located in the Begusarai district of Bihar.

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