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BusinessPhoto: News18Hi Business

Pakistan Cuts Petrol Prices, Diesel Price Slightly Rises

On October 16, Pakistan reduced petrol prices by 3.63 Pakistani rupees per liter to 390.23 rupees, while high-speed diesel increased by 31 paisa to 396.96 rupees per liter. Petrol costs about 134 rupees and diesel 136 rupees per liter in Pakistani currency, but both fuels are cheaper in Delhi. Amid Middle East tensions, Pakistan cut government vehicle fuel allocation by 50% to reduce consumption.

News18Hi Business·

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BusinessPhoto: Hindu Business

DP World CEO Says Logistics Shifted from Just-in-Time to Anytime Delivery

Yuvraj Narayan, Group CEO of DP World, stated that due to the West Asia crisis, logistics has shifted from Just-in-Time delivery models to a more flexible 'anyhow, anytime' approach. He highlighted challenges at Dubai's Jebel Ali port, the ninth-largest globally, with rising costs, manpower shortages, and uncertainty forcing the global shipping industry to transform.

Hindu Business··Dubai

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BusinessPhoto: Economic Times

Yes Bank's Core Capital Ratio to Drop After SC Ruling

Yes Bank expects its core capital ratio to decline by 250 basis points after the Supreme Court overturned the write-off of Rs 8,400 crore AT1 bonds from its 2020 rescue. S&P Global Ratings anticipates the bank will absorb the impact without an immediate effect on its credit ratings.

Economic Times·

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BusinessPhoto: News18 Business

Mid-Cap Mutual Funds Boost Long-Term Wealth Creation

Mid-cap mutual funds have gained popularity for long-term wealth building, attracting significant investor inflows amid recent market corrections. These funds focus on medium-sized companies with strong growth potential rather than regular dividends. Historical data, including funds like Nippon India Growth Fund, show how modest investments can grow substantially over decades. Understanding risks and returns helps investors make informed decisions for sustained financial success.

News18 Business·

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PoliticsPhoto: Hindustan Times

Delhi Police Bars Abhijeet Dipke from Protesting at Connaught Place

Delhi Police has prohibited Abhijeet Dipke, founder of CJP, from holding any protests, rallies, or processions at Connaught Place to protect public safety, traffic, and traders' rights. A prohibitory order under Section 163 of the Bharatiya Nagarik Suraksha Sanhita is in force, and violations may lead to legal action. Dipke's planned Tiranga event on October 16 was not permitted and could disrupt local businesses and traffic.

Hindustan Times··Delhi

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PoliticsPhoto: Economic Times

Kharge Warns Modi on Delimitation Proposals and Parliament Delay

Congress President Mallikarjun Kharge criticized Prime Minister Modi for delaying the prorogation of Parliament's Monsoon Session. He stressed the need for an all-party meeting to discuss new delimitation proposals. Kharge recalled earlier failed attempts to pass Constitutional Amendment Bills without sufficient discussion and emphasized the importance of thorough deliberation among all political parties and stakeholders.

Economic Times·

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