Current Affairs: Business
As the fall in demand for consumer goods is prevailing, the same has affected the passenger car sales which fell 36% to 122956 units along with commercial sales which fell 25.7% to 56866 units.
British energy giant BP which recently acquired a 49% stake in Reliance Industries’ fuel retail business will pay about ₹7000 crore as both the firms have agreed to form a joint venture to take over 1400 retail fuel stations.
Reliance has recorded the biggest intraday rise with 12% which is nearly ₹90000 crore to its market value. This occurred after Reliance announced Saudi Aramco plans to invest $ 15 billion for a 20% stake in its refining business.
Citing All India Sarafa Association, PTI reports on Monday that gold prices reached the all-time high with ₹38470 per 10 gram in Delhi.