PETROL WILL COST ₹34/LITRE BEFORE TAX, DEALER CUT IN DELHI: GOVT

NEW DELHI: Petrol will cost only ₹34.04 per litre and diesel ₹38.67/ litre without taxes and dealer’s commission in the national capital. Giving details of the prices of petroleum products as on December 19 in a written reply to the Lok Sabha, minister of state for finance Shiv Pratap Shukla said the incidence of taxes and dealers commissions work out to be 96.9% in case of petrol and 60.3% for diesel. On December 19, the retail price of petrol was ₹70.63 a litre. This included, ₹17.98 central excise duty, ₹15.02 state VAT and ₹3.59 commission of dealer. In case of diesel, the retail price was ₹64.54 (central excise duty of ₹13.83, state VAT of ₹9.51 and dealer commission of ₹2.53).

BHEL, US firm in talks to make lithium-ion batteries

NEW DELHI: The government is making efforts to manufacture lithium-ion batteries in India in the next one year, and talks are on between state-run BHEL and a US firm to form a joint venture in this regard, Union minister Anant Geete said on Friday. “Right now we are importing 100% lithiumion batteries, but efforts are on towards manufacturing them in India within the next one year,” Geete said, adding that talks are on between BHEL and an American firm to form a joint venture for domestic manufacturing of lithium-ion batteries. BHEL comes under the administrative control of ministries of heavy industries. The minister also unveiled electric auto, ‘KYTO’, manufactured by ETO Motors.

Sebi asks Fortis to recover money from Singh brothers

NEW DELHI: Markets regulator Securities and Exchange Board of India (Sebi) on Friday directed Fortis Healthcare and Fortis Hospitals to take necessary steps to recover ₹403 crore, along with interest, from Shivinder Mohan Singh, Malvinder Mohan Singh and seven other entities within three months. The Sebi, through an order passed in October this year, had asked Fortis Healthcare to recover the amount. The fresh order comes after the two firms made representation to Sebi. In the submission to Sebi, the firms said the recovery of outstanding amount should be carried out by Fortis Hospitals instead of Fortis Healthcare, which would ensure that such sums are actually recovered and reflected in the balance sheet of Fortis Hospitals.

Indigo signs codeshare pact with Turkish Airlines

NEW DELHI: Indigo on Friday announced signing a codeshare pact and a mutual cooperation agreement with Turkish Airlines as the budget carrier prepares expansion of its international flight network. This is the first codeshare agreement for Indigo, which is India’s largest airline with a domestic market share of 43%. It would allow passengers to travel on a single ticket on flights operated by the partner carrier. The pact would allow Indigo customers seamless connectivity to 20 European destinations. COMPILED FROM AGENCIES