Prime headlines: LPG value hiked; govt clarifies on discom loss ranges

Speculations of discom loss ranges at Rs 90,000 cr grossly inflated: Govt

The Ministry of Energy mentioned on Wednesday that reviews about energy distribution firms (discoms) reaching loss ranges of Rs 90,000 crore in FY2021 appear to be grossly inflated.

Media reviews counting on this deceptive projected figures of discom losses by ICRA don’t take into cognizance the truth that below the present regulatory system of electrical energy tariff dedication, a mechanism of true-up’s already exists that might enable recoveries of losses arising as a result of change in client category-wise consumption patterns coming with Covid induced lockdowns to be coated by way of tariffs within the subsequent 12 months. Learn extra

Home LPG value hiked by Rs 25 a cylinder, to value Rs 859 in Delhi NCR

The worth of a home (14.2 kilogram) Liquefied Petroleum Gasoline (LPG or cooking fuel) cylinder was hiked by Rs 25 apiece on Tuesday. After the hike, a home cylinder would now value Rs 859 apiece within the nationwide capital.

The worth has been hiked in related proportion throughout the nation. Learn extra

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Adani Group shares decline 16-52% from their 52-week highs

Adani group shares have fallen as much as 52 per cent from their 52 week-highs in lower than three months. Among the many Adani group firms, Adani Energy has witnessed the sharpest decline — a 52 per cent fall from its 52-week excessive hit on June 9, 2021.

Amongst others, Adani Whole Fuel has declined 42.5 per cent, Adani Transmission 38.2 per cent, Adani Inexperienced Vitality 32.9 per cent, Adani Ports and SEZ 23.1 per cent, and Adani Enterprises by 16.1 per cent.

All of the group shares hit their 52-week highs in Could-June 2021. The sharp decline started after heavy promoting strain following a report that was later denied by the group.

The group, then again, stated it’s anticipating double-digit development in FY22 throughout its verticals, together with electrical energy era, ports, and renewable power.

Adani Group shares have had a stellar run over the previous few years.

Earlier this 12 months, the group grew to become the fourth enterprise conglomerate to cross $100 billion in market cap — after Tata Group, HDFC Group, and Mukesh Ambani-led Reliance Group.

At one level a 12 months in

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GOP Politicians Who Oppose Masks, Vaccines Check Constructive For COVID-19

A number of Republican politicians who opposed masks and vaccine mandates have examined optimistic for COVID-19. 

Gov. Greg Abbott, R-TX, examined optimistic for the novel coronavirus on Tuesday. The governor, who has been totally vaccinated in opposition to the virus, isn’t experiencing any signs, his workplace mentioned in a press release. 

“Governor Greg Abbott right this moment examined optimistic for the COVID-19 virus. The Governor has been testing each day, and right this moment was the primary optimistic take a look at end result,” the assertion learn. “The Governor will isolate within the Governor’s Mansion and proceed to check each day. Governor Abbott is receiving Regeneron’s monoclonal antibody remedy.”

Abbott had beforehand issued an govt order banning college districts from imposing masks necessities. He additionally lifted COVID-19 restrictions, such because the masks mandate, in March regardless of opposition from the state’s public well being officers. 

The Texas Republican is now the newest in a bunch of GOP politicians who’ve been contaminated with the virus. 

On Monday night, Sen. Andre Jaque, R-WI, revealed that he and a number of other relations had examined optimistic for COVID-19 final week. He additionally added that he had been hospitalized with pneumonia. 

“I have no

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