JUNE, 20269Fuel prices in India have once again risen by Rs 2 from the last time. The Oil Marketing Companies (OMCs) announced an intense increase on Monday, becoming 4th revisions in less than two weeks and bolstering the continuing upward trend in domestic fuel rates.The new petrol price has been increased by Rs 2.61 per liter and diesel by Rs 2.71 per liter, taking collective hikes to nearly Rs 7.5 per liter ever since price revisions restarted on May 15 after a long hiatus.The latest update comes just days after the May 23 revision, displaying unrelenting pressure on fuel pricing. This increasing surge in the fuel price day by day started posing a huge concern for commuters.The highest mark noticed in Delhi, petrol now costs Rs 102.12 per liter, up from Rs 99.51, while diesel has risen to Rs 95.20 per liter from Rs 92.49. Similar upward revisions have been recorded across metro cities, pushing fuel prices well beyond Rs 100 mark in several regions. The Yamuna Expressway Industrial Development Authority (Yeida) has allotted land to 17 companies, paving the way for investments worth nearly Rs 5,800 crore and the creation of around 10,000 jobs in the region. The relocation is likely to give a boost to the In a major development for India's commercial vehicle sector, Eicher Motors and Volvo Group have launched a 750-crore joint venture (JV) to expand vehicle finance services in the country. The partnership is aimed at strengthening commercial vehicle financing and leasing in India while making it easier for customers to purchase Eicher and Volvo trucks and buses through tailored financial solutions.The proposed 50:50 joint venture will focus on financing, leasing, and related financial services for buyers of commercial vehicles. Eicher Motors has approved an investment of up to 750 crore to acquire a 50% stake in Volvo Financial Services India, subject to regulatory approvals. The initiative is expected to improve access to vehicle ownership for transporters, logistics companies, and fleet operators across the country. industrial development around the upcoming Noida International Airport as well as propel Uttar Pradesh's status as a good investment destination around the world.Yogi Adityanath in a programme at Lucknow on Friday formally handed over the allotment letters. The projects cover multiple sectors with high growth potential ­ such as Renewable Energy, Battery Manufacturing, Electronics & Electrical Equipment, ICT & ITeS, Data Processing, Transport Infrastructure, MSME Manufacturing, Advanced Industrial Parts etc., Yeida Chief Executive Officer RK Singh said.The biggest investment is being made by CESC Green Power Ltd which would set up solar cell and module manufacturing plant of 3-gigawatt over 100 acres in sector 8-D. The project will cost an estimated Rs 3,805 crore and create around 5,000 direct employment opportunities, making it one of the biggest renewable energy projects in the region. With edible oil demand in India steadily rising, industry leaders say the country can no longer rely heavily on global markets that are often affected by supply disruptions, geopolitical tensions, and fluctuating prices.Speaking about India's growing edible oil demand, Kuok highlighted the importance of increasing local oilseed cultivation to reduce the country's import burden. India currently imports a large share of its edible oil requirements, including palm oil imports, soybean oil, and sunflower oil, making it vulnerable to sudden price changes in international markets.According to Kuok, India should aim to become at least 50­60% self-sufficient in edible oils over time. He stressed that a stable and long-term policy framework from the government would encourage farmers to invest more confidently in oilseed farming in India. FUEL PRICES RISE AGAIN, FOURTH HIKE IN UNDER TWO WEEKSYEIDA ALLOTS LAND TO 17 FIRMS, UNLOCKS RS 5,800 CR INVESTMENTEICHER & VOLVO LAUNCH RS 750-CRORE JV TO EXPAND VEHICLE FINANCE
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