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- Business News Update; Share Market, Gold Silver, Amul Milk, Milk, After Amul, Mother Dairy, Share Market, Fruit Juice, Infosys, Mercedes
New Delhi49 minutes ago
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Yesterday’s big news was related to milk. After Amul, now Mother Dairy has also increased the price of milk. The company has increased the price of milk by Rs 2 per liter from June 3. At the same time, on June 3, a day before the Lok Sabha election results, the Sensex rose by 2,777 points to 76,738 and the Nifty rose by 808 points to 23,338. This is the all time high for both.
Before tomorrow’s big news, today’s major events to keep an eye on…
- There may be a rise in the stock market today on Tuesday.
- A rise can be seen in the stock market with the Lok Sabha election results.
- This is the second day of subscription for Cronox Lab Sciences’ IPO.
- Storm Edition of MG Gloster SUV will be launched.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow’s big news…
1. After Amul, Mother Dairy increased the prices of milk: Decision to increase the price by Rs 2 per litre, full cream milk will now be available at Rs 68.
After Amul, now Mother Dairy has also increased the price of milk. The company has increased the price of milk by Rs 2 per liter from June 3. After this increase, now the price of Mother Dairy’s full cream milk has increased to Rs 68 per liter, while the price of toned milk has been increased from Rs 54 to Rs 56 per liter.
Mother Dairy attributed the price rise to increase in the company’s procurement cost of raw milk from dairy farmers. Mother Dairy has said that despite paying higher prices for the purchase of milk in the last few months, we had not increased it. Additionally, heat is likely to further impact milk production across the country.
Click here to read the full news…
2. Market jumped 2700 points a day before Lok Sabha results: Investors earned Rs 13.7 lakh crore, Sensex closed at 76,468 and Nifty at 23,263.
On June 3, a day before the Lok Sabha election results, the Sensex rose by 2,777 points to 76,738 and the Nifty rose by 808 points to 23,338. This is the all time high for both. However, later the market came down slightly from its upper levels and the Sensex climbed 2,507 points to close at 76,468. Whereas Nifty rose 733 points and closed at the level of 23,263.
Due to this rise in the stock market, the wealth of investors has increased by approximately Rs 13,78,630 crore. The market cap of BSE was Rs 4,12,12,881 crore on Friday, which increased to Rs 4,25,91,511 crore today i.e. on June 3.
Click here to read the full news…
3. NHAI increased toll tax by an average of 5%: New rates are applicable from today, earlier toll tax was to be increased from April 1.
National Highway Authority of India (NHAI) has announced increase in toll tax from June 3. All toll tax rates across the country have been increased by an average of 5%. According to an NHAI official, this change in toll tax is based on the annual Wholesale Price Index (CPI), which affects the toll highway user fee.
The toll tax increase was announced from April 1, but the Election Commission of India had asked NHAI to implement the new toll rates on highways after the Lok Sabha elections. Toll tax rates on National Highways are increased on the basis of Wholesale Price Index. Usually, toll tax rates are changed every year from April 1.
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4. Remove ‘100% fruit-juice’ claims from labels and advertisements: FSSAI’s instructions to food companies, said – companies are wrongly marketing fruit juice.
FSSAI has directed all food companies to remove the claims of ‘100% fruit juice’ from the labels and advertisements of their fruit juices with immediate effect. Food Safety and Standards Authority of India (FSSAI) has given this information by issuing a statement on Monday (June 3).
Not only this, FSSAI has also directed all food companies to phase out their existing pre-printed packaging materials before September 1, 2024.
Click here to read the full news…
5. Infosys CEO took salary of ₹66.25 crore in FY-24: Salil Parekh became the second highest paid CEO in IT sector
Infosys’ Salil Parekh has become the second highest paid CEO in the Indian IT sector. The company’s CEO and MD Parekh has taken an annual compensation of Rs 66.25 crore in the financial year 2024. This information has been given in the latest annual report of the company.
The highest paid CEO during the last financial year i.e. FY24 was former Wipro chief Thierry Delaporte, who took a salary of $ 20 million (about Rs 166 crore). Thierry Delaporte resigned from Wipro on 6 April. Then in his place the company made Srinivas Palliya the new CEO and MD of the company.
Click here to read the full news…
6. 97.82% of ₹2000 notes returned to banks: Now currency worth ₹7,755 crore is left, notes were out of circulation on May 19
As of May 19, 2023, 97.82% of the ₹2000 notes in circulation have been returned to the banks. Reserve Bank of India (RBI) has given this information on Monday (June 3). According to RBI, till May 31, 2024, only ₹7,755 crore worth of notes were left with the people. At the time of the announcement of withdrawal of these notes, notes worth ₹ 3.56 lakh crore were in circulation in the country.
On May 19 this year, RBI had announced to remove ₹2000 notes from circulation. RBI had said that these notes will still remain legal tender. Rs 2000 notes came into circulation after demonetisation in 2016. The last date for exchanging or depositing notes in banks was 7 October 2023. Now notes can be exchanged or deposited only in 19 issue offices of RBI.
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7. Mercedes’ C-Class sedan and GLC SUV launched in India: C-Class can reach 0-100kph speed in 6 seconds, price starts from ₹ 61.85 lakh
Mercedes-Benz India on Monday launched the 2024 model of C-Class sedan and GLC SUV in the Indian market. After the new update, both the cars have become more feature loaded than before.
The Mercedes-Benz C300 AMG Line is the new top model in the C-Class lineup, replacing the C300d diesel AMG Line. The company has kept its price at Rs 69 lakh (ex-showroom). Whereas, the starting price of GLC SUV 220d 4-Matic Diesel is Rs 76.9 lakh.
Click here to read the full news…
Also see who were the top 10 richest people in the world yesterday…
Yesterday the market was closed due to holiday on Sunday, so know the condition of stock market and gold and silver on Friday…
Know the latest price of petrol, diesel and gas cylinder…
