Day: June 14, 2022

Centre to come out with policy on methanol as alternative fuel soon

The Centre is likely to soon come out with a policy on the use of methanol as an alternative fuel, particularly for blending, the Methanol Institute’s Chief Representative of India Prakriti Sethi has said.  “There will be some sort of policy soon and projects will come on board. We are very positive as we are …

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Fed begins meeting with massive hike possible amid price surge

Washington: US central bankers opened their two-day policy meeting Tuesday amid a blistering inflation surge that has ignited predictions the Federal Reserve will approve the biggest interest rate hike in more than 27 years. Fed Chair Jerome Powell has signaled that policymakers were poised to implement another half-point increase in the benchmark borrowing rate this …

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Zerodha founder Nithin Kamath’s next mission: Consolidate dad’s portfolio

Despite running India’s largest brokerage house, Zerodha founder Nithin Kamath has one regret. He has not been able to help his father, a retired executive from , to consolidate his investments and help him get rid of duds in his portfolio. The reason is that investments in stocks, mutual funds and insurance are spread across …

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OMCs float tender for 112 crore litres of ethanol for blending

Oil marketing companies (OMCs) floated a tender on Tuesday for contracting around 112 crore litres of denatured anhydrous ethanol for blending with auto fuels. The last date for submitting bids is June 20. State-run Bharat Petroleum Corporation (BPCL) has floated the tender for the supply of ethanol in the Ethanol Supply Year (ESY) 2021-22, which …

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