Jet fuel or ATF price on Saturday was reduced by a steep 6.5 per cent and that of commercial LPG used by hotels and restaurants by Rs 69 per 19-kg cylinder on declining international oil prices.

Aviation turbine fuel (ATF) price was cut by Rs 6,673.87 per kilolitre, or 6.5 per cent, to Rs 94,969.01 per kl in the national capital, according to a price notification of state-owned fuel retailers.

The Indian government has cut the windfall tax on petroleum crude to Rs 5,200 ($62.33) per metric tonne from Rs 5,700, effective on June 1, according to a notification issued on Friday.

The tax, which is revised every fortnight, remains unchanged at zero for diesel and aviation turbine fuel.

At least 15 people have died of suspected heatstroke in India's eastern states of Bihar and Odisha on Thursday, authorities said, with the region gripped in a debilitating heatwave expected to continue until Saturday.


India has been experiencing a blisteringly hot summer and a part of capital Delhi recorded the country's highest ever temperature at 52.9 degrees Celsius (127.22 degrees fahrenheit) this week, though that may be revised with the weather department checking the sensors of the weather station that registered the reading.

Maharashtra minister Hasan Mushrif has promised to make the system at civil hospitals foolproof, an assurance coming in the wake of alleged manipulation of blood samples at Pune's Sassoon hospital in connection with the Porsche crash.

The medical education minister was speaking to reporters in Mumbai on Thursday.

Muthoot Finance shares rallied 4.3 per cent to Rs 1,745 apiece on the BSE in Friday's intraday trade, moving closer to their record high level, after the gold financier reported a healthy set of earnings for the March quarter (Q4) of fiscal year 2023-24 (FY24).

At 9:41 AM, the shares were slightly off highs, up 1.13 per cent at Rs 1,692 per share as against the 0.73 per cent gain in the benchmark S&P BSE Sensex. The stock hit a record high of Rs 1,762 per share on May 28, 2024.

A total of 188,143 people have been affected by floods in Manipur following incessant rainfall in the aftermath of Cyclone Remal, a state minister said on Thursday.

It has also damaged at least 24,265 houses in the last few days, he said.

As the citizens of India continue to brace for soaring temperatures, the India Meteorological Department (IMD) reported that 41 places recorded temperatures exceeding 45 degrees Celsius in the country on Thursday, May 30.

The IMD also noted that 11 places in Uttar Pradesh recorded temperatures above 45 degrees Celsius.

Donald Trump on Thursday became the first former US president to be convicted of a felony as a grand jury in New York found him guilty on 34 counts of falsifying business records.

The Biden Harris Campaign said no one is above the law while Trump said the verdict is a result of a rigged political system.

India's GDP growth is robust on the back of solid investment demand which is supported by healthy balance sheets of banks and corporates, the government's focus on capital expenditure and prudent monetary, regulatory and fiscal policies, the RBI said on Thursday.

The Reserve Bank's Annual Report for 2023-24 said that the Indian economy is navigating the drag from an adverse global macroeconomic and financial environment.

Google will invest $2 billion in Malaysia to develop its first data centre and Google Cloud region in the country, the unit of Alphabet said on Thursday, the latest in a wave of expansion by global tech firms into Southeast Asia.

The government said the investment would advance Malaysia's digital ambitions, and the artificial intelligence (AI) capabilities and other advanced technologies would help local industry move up the global value chain.

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