Posts

Posted on

From selling snacks on the street to building a multi-billion-dollar empire

Ganga Bhisen Agarwal, affectionately known as Haldiram by her mother, started The Haldiram Empire in 1937 before India gained independence.

He was born into a Malwadi family in Bikaner and married Champa Devi.

He started out selling Bhujia, as per his aunt’s recipe in his father’s namkeen and snacks shop.However, he and his wife later fled home owing to a family quarrel.Later he started by selling on the street mong daal namkeen prepared by his wife.

Haldiram opened his first business in Bikaner in 1946. He began selling his Bikaneri Bhujia there. He recreated the Bhujia by including moth flour and made it thinner. His sales and income improved dramatically because of all of these adjustments.

Later on, Haldiram attended a wedding in Kolkata, and only he got the idea to set up his shop there.With this step, the first branching out of the Bikaner Bhujia business was started.

Haldiram’s sons and grandsons joined him in the family company, which he later grew to greater heights.Moreover, as the corporation grew, a disagreement arose among his younger generation over the Haldiram empire’s geographical and trademark rights. Moolchand, Rameshwar Lal, and Satidas, his three sons, are currently operating under Haldiram, Bikaji, Haldiram’s Nagpur, Haldiram Bhujiawala, and others.
From 1985, Shiv Krishan Agarwal, Haldiram’s grandson, and the previous CMD began working on the company’s expansion.

They increased the shelf life and packaging of the products to international standards.
In 2003, the company began the process of developing convenience foods to be marketed to consumers.

Haldiram’s portfolio now includes over 70 different namkeens and snacks and sweets, beverages, frozen meals, and quick-service restaurants.

There are about 400 items sold at Haldiram’s. Namkeens, western snacks, Indian sweets, pastries, sherbets, and pickles like Gulab jammun and bhujia, papadum, are among the company’s offerings.Nagpur, Delhi, Kolkata, and Bikaner are the main manufacturing locations.

Haldiram operates a retail chain and several restaurants in Nagpur and Delhi.Haldiram’s products are currently shipped to Sri Lanka, United Kingdom, United States, Canada, the United Arab Emirates, Australia, New Zealand, Japan, Thailand, and other nations worldwide. Foreign food businesses must go to Desi to succeed in the Indian market, no matter how big they are.Whether it’s McDonald’s which added Burgers such as Mac Maharaj or the establishment of a Subway Jain counter in Ahmedabad, the company’s first all-veg location.

As per the Brand Trust Report, Trust Research Advisory in 2014, Haldiram’s was placed 55th among India’s most trusted brands.Haldiram’s also just announced an exclusive master franchisee collaboration with Brioche Doree, the world’s second-largest bakery business.

Haldiram has never invested much in marketing and promotion to expand the brand. They grew their business mostly through word of mouth.But, due to fierce rivalry, they learned the value of marketing and advertising and began to attract their attention.

A fascinating point to notice is that, like Ganga Bhisan of Bikaner, Keith Kellogg of Michigan in the United States invented a culinary item more than a century ago: corn flakes.

Haldiram’s sales in 2019 surpassed the $1 billion mark.

Haldiram’s goods are presently sold in more than 80 countries throughout the world.
Haldiram’s a hidden jewel of the Indian food industry is today bigger than Hindustan Unilever’s packaged food division.

This article is expressed by :Abhijit chokshi

Follow on twitter:https://twitter.com/stockifi_Invest?t=vnish4Qn6t17dDAE3GN9ew&s=09

Follow more business empire

Success steps together

Business empire

Posted on

Mukesh Ambani new start up journey

Reliance Industries, India’s most successful company, is aiming to lead the digital revolution in India, thus the company is looking towards startups for technology, talent, and innovative solutions

As Reliance Industries, India’s most successful company is aiming to lead the digital revolution in India, thus the company is looking towards startups for technology, talent, and innovative solutions. In 2016 Mukesh Ambani’s Reliance Industries took a bold step regarding this and decided that its Reliance Jio arm, which was then the Reliance very own startup would set aside an Rs. 5,000 crore venture capital funds to encourage entrepreneurs to build businesses of the future. A year later, at the company’s 40th annual general meeting, Mukesh Ambani again confirmed his commitment to entrepreneurs and startups and said that Reliance has become known in the past 40 years as a company that won the trust of millions of retailers. Mukesh Ambani aspires to make Reliance an enterprise with lakhs of partners and an enabler of a large ecosystem of entrepreneurs. Today Reliance Industries has established itself as India’s most valuable company and is also an enabler of the Indian startup ecosystem. It has stepped up its engagement with startups through outright acquisitions, partnerships, or equity stake purchases.

Mukesh Ambani has been involved in big start-up investment, and in the last three years, he has invested in 23 companies. These firms belong to varied fields which include content production houses to music apps to cable networks to online medicine space. Here are the year wise investments made by the company. By reaching out to startups, Ambani is also taking direct competition with other large tech platforms as it looks to provide more services to its 388 million subscribers. One of the most popular Chinese company Tencent which owns the ubiquitous messaging platform WeChat has invested in over 800 startups, mostly in its home market. Some of these companies, like the food delivery platform Meituan Dianping and the social commerce platform Pinduoduo, have leveraged WeChat to now become China’s most valued companies. RIL’s move could potentially help M&A activity among startups, especially the deals of $100-200 million. One of the biggest problems that startups in India suffer from is that local corporates are not interested in acquiring or investing in local companies, but the size and scale of RIL’s ambition can change the mentality and start the flywheel of M&As. 

In order to boost product offerings of its subsidiaries, Reliance Industries Ltd (RIL) has made several acquisitions and investments in the past three years which involves Reliance Jio Infocomm Ltd and Reliance Retail Ltd, among others. The investments made by Reliance can be divided as follows:

RIL has put in $566 million in media and education.

$194 million in retail, $1.2 billion in telecom and internet firms.

$100 million in digital and $391 in the chemicals and energy space

The details of the investments made by Mukesh Ambani are as follows:

Embibe

In April 2018, Reliance Industries had invested $180 million in the Edtech startup Embibe over a period of three years. The investment helped Reliance acquire a stake of 72.69 % from Embibe’s existing investors. In April 2020, Reliance again funded the Bengaluru-based startup with Rs 500 crore from Reliance Industries. Embibe is an education platform that uses data analytics to deliver personalized learning outcomes for students. It targets students across K-12, higher education, professional skilling, vernacular languages, and all curriculum categories across India and abroad. With AI stacks focussed on content intelligence and automation, behavioral recommendations, and student intelligence.

Fynd

The fashion e-commerce platform Fynd was founded in 2012 by Farooq Adam, Harsh Shah, and Sreeraman MG. Fynd functions via an offline-to-onlineO2O model and directly sources products across various categories such as clothing, footwear, jewelry, and accessories from prominent brands in India. Fynd focuses on sourcing products from the outlets nearest to the customer to optimize delivery time. It has about 8,000 outlets on board for about 500 clients. RIL acquired a majority stake in Shopsense Retail Technologies Pvt. Ltd which runs fashion portal Fynd for Rs 295.25 crore ($41.9 million).

Saavn

On March 23, 2018, RIL announced a strategic merger of its digital music service JioMusic with the music platform Saavn. RIL acquired a 75-80 % stake in the merged entity. The combined entity is valued at over $1 billion, with JioMusic’s implied valuation at $670 Mn and Saavn with a valuation of $330 Mn. RIL stated that the integrated business will be developed into a media platform of the future with global reach, cross-border original content, an independent artist marketplace, consolidated data, and one of the largest mobile advertising mediums in India.

Netmeds:

On August 19, 2020, Reliance Industries Ltd has acquired a majority stake in online pharmacy Netmeds for about $83 million (Rs. 620 Crore) in cash, days after e-commerce giant Amazon.com Inc launched an online drug sales service in India. The investment represents 60% holding in the equity share capital of Vitalic Health and 100% direct equity ownership of its subsidiaries – Tresara Health Private Limited, Netmeds Market Place Limited, and Dadha Pharma Distribution Pvt Limited.

Den Networks, Hathway Cable and Datacom

Apart from getting bigger in the digital entertainment market, Reliance Jio in bought a majority stake in Den Networks and Hathway Cable and Datacom in October 2018. Jio acquired a 66 % stake in Den Networks with a primary investment of Rs. 2,045 crores and a 51.3 % stake in Hathway Cable and Datacom with an initial investment of Rs. 2,940 crores.

Follow for more business content

Posted on

Top 5 book’s for the business

Hi every one,

These 5 books will help for the business ideas as well as business experience who wants build own busines empire for themselves they must read these books.

Rich dad poor dad

Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter.

It advocates the importance of financial literacy, financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence

Think and grow rich

Think and Grow Rich was written by Napoleon Hill in 1937

personal development and self-improvement book. He claimed to be inspired by a suggestion from business magnate and later-philanthropist Andrew Carnegie.

Psychology of money

The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness
Book by Morgan Housel

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do.

Intelligent investors

The Intelligent Investor by Benjamin Graham, first published in 1949

book on value investing. The book teaches readers strategies on how to successfully use value investing in the stock market. Millionaire Next Door

The millionaire next door

The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
Book by Thomas J. Stanley

The Millionaire Next Door: The Surprising Secrets of America’s Wealthy is a 1996 book by Thomas J. Stanley and William D. Danko. The book is a compilation of research done by the two authors in the profiles of American millionaires. The authors compare the behaviour of those they call “UAWs” and those who are “PAWs”.

Posted on

Trade less more money

India’s No. 1 brokerage company owner nithin kamath what he said?

Trading actively is the toughest way to make easy money in life, unlike what most people think. Also, it can be quite stressful & stress can snowball.

To trade well, you need to trade less—both no of trades & capital. -nithin kamath ( zerodha co- founder)

This just made me realise—once again—that nothing is more important than good health and leading a stress-free life

The key to leading a stress-free life is to get rid of all the unnecessary sources of stress, which we artificially impose on ourselves. No points for guessing – active trading is one. Active trading is a serious source of stress, and unfortunately, no one talks about it

Most folks trade for the heck of it. Common reasons include ‘I don’t want more, even if I can make enough for daily expenditure that’s good enough for me’. And their daily expenditures include their daily cigarettes—the irony 😐—and tea expenditures

It starts with this premise and then quickly escalates to betting their house on Bank Nifty. Yes, you can risk manage and put a stop loss to your trade 🛑

But unfortunately, there is no stop loss to the financial stress and the impact on your cardiac health from active day trading. Every time a trade goes against your position, knowingly or unknowingly you are under stress and this can affect your health

The question you need to ask yourself is – is it worth it? Yes, the capital market is a serious source of wealth creation and everyone in this day and age should have exposure to markets. But there are many ways to do this smartly without taking on stress

For example- make long term investments via mutual fund, outsource your stress to a professional who knows how to deal with this. It does not make any difference if you trade and generate 10% or if a fund manager does it for you

Or if the stock market is what rocks your boat and you feel ‘compelled’ to trade, at least stick to positional trades where you have the luxury of time to think and plan without taking on stress

Or if you like trading actively, at least make sure you have the ability to realise when to cut and get out. Your time is probably better spent in doing things where you have an edge

So before you decide to take a plunge into trading actively, just don’t think about the monetary risk factors, think about the financial stress and the long term impact on your well-being. Stay healthy, stay stress-free.

Source Twitter : nithin kamth post

Explained by karthik rangappa
(author : Zerodhavasity)

Thank you for reading follow for more content realted business and stock market related posts

Posted on

5 Multibagger stocks in upcoming decade

Potential Stocks to hold for long term

Top 5 potential stocks hold for long tert with reason

Which 5 Indian stocks are most likely to get a return in 2021-22, and why?
1.Reliance industries

Reason: this industry have lots of future plans like retail stores and go gas oil business and communication community all other

2.Tata power

Reason: as we know in future there is a electric vehicles trend so tata power is largest power company in India it is going to be place lots of power station required to India and much more plans in future

3. Pi industry

Reason : this company products like fevikwik, FEVICOL, m-seal, Dr fix it many others products are in market there is no competition to these products as of now and in future also and now this shares is down by 10 % from high it is good to buy in dip

4. Asian paints

Reason : in paint company this is multinational brand and good product

5. United’s spirit

Reason: this is wine company in India it has 70% wine brand own by this company only and by price action view this gave breakout of 6+ break out I hope it’s multi bugger stocks in future

If you like this content please follow us for more content about stock market related

Follow US

Thank you,

Posted on

Best 10 low investment business idea’s in india

Take a look at these top 10 profitable Low Investment Business Ideas in India

1.social media management

In the current scenario, social media has redefined how business functions. Companies are frantically looking for reliable social media handles to manage their advertising through digital marketing. A good social media service provider is one who targets potential digital users and audience through clever storytelling and promotional techniques.

The market is flooded with Social Media apps and the numbers are only expected to increase. To become a successful Social Media provider, along with a unique idea to bring more business, you need an ability to pick up the trends and roll with it quickly. The startup cost involves minimal cost depending on your scalability. While you can hire a few people to create and curate content, manage social media accounts, this idea requires the least resources. However, one needs to be on their toes to learn new hacks and techniques as there’s always something new coming on Facebook or Instagram marketing. The info graph on social media clearly makes it one of the best business ideas in India with low investment

2.Bloging

Blogging is a minimum startup business that can be extremely profitable. Over the last few decades, companies are in a hunt for bloggers who help them to create a web-based platform for their business and reach to a global audience through the means of online posts and contents. In this era of the digital age, blogging has evolved to become the backbone for successful businesses and bloggers are looked upon as online influencers.

Blogging is a great startup idea that earns you income as well as respect. If you have the keenness to write, a quest for reading and a dedication to never give up, you have the perfect ingredients to become a good blogger. There are countless free blogging guides available online, to help beginners create impactful blogs. With an initial cost of investing in a hosting space and domain name, you are geared up to succeed in one of the most lucrative business ideas in India.

3. Travel Agency

Travel Industry in India is at its peak. While the desire for ‘wanderlust’ is umpteen, there are never enough resources for meticulous packing. So if you have a fervour for travelling, this profession can make you rich. Like a good travel agent, you must be able to plan a great itinerary for clients that offer superb arrangements in the most pocket-friendly way.

There is no initial startup cost for opening a travel agency, other than getting a high-speed internet connection. Your job might also require you to function as a tour guide for your clients and travel with them to breathtaking locales around the world. Isn’t it exciting enough to get started?

4.photography

Photography is a business in itself. A photographer is always in demand in personal as well as professional life. Whether there is a corporate seminar, wedding functions, promotions, book launches or exhibitions, it is important to be clicked. If you have a passion for photography, then it is the right field for you to invest your time and energy.

The initial cost in this startup business is buying a good digital camera, good pair of lenses, a tool that can help you easily convert pictures to videos, and a tripod stand if needed for your business. You can either choose to work as a freelance photographer or tie-up with reputed photography organizations.

5. Tiffin service

Tiffin Service has turned out to be a profitable startup with low investment, especially for women. The ‘eating out’ trend has been replaced with ‘eating in’. And whilst most of the young Indian couples are working, the demand for tiffin service has increased manifold. People are willing to pay well for healthy tiffin service.

Tiffin service requires no startup cost as it can begin right from your home using the ingredients in your kitchen shelf. A right mix of taste and healthy ingredients can turn it into a highly profitable business.

6.Fruit juice centre

The urban Indian crowd is becoming more conscious of what they eat and drink. Staying fit and healthy is a top priority now and this turned the idea of opening a fruit juice kiosk into one of the most successful business ideas in India. Nothing can be more refreshing than a glass of fresh fruit juice on a sultry summer afternoon.

There has been a rapid increase in the number of fruit juice kiosk popping up in metropolitan cities across India. To open a kiosk, you first need to seek a permit in your chosen locality and rent a small space. Other than the monthly rent you only need to invest in the purchase of raw materials and basic supplies for the kiosk.

7.Online fitness interaction

In the 21st century, being fit is highly crucial. While most of us desire to stay healthy, there is never enough time to visit a gymnasium or attend fitness classes. Wouldn’t it be convenient to have someone visit your home to help you get in shape or get fitness classes online, any time of the day? That’s exactly what an online fitness instructor does for clients.

Becoming an online fitness instructor is a new rage today. If you are a fitness freak, you simply need to upload your fitness tutorials on social media and get people following you there. If you are good at your work you can easily make a strong online presence and become a great fitness instructor without renting any studio space

8.Event management

The ‘big fat Indian weddings’ have made event management one of the most profitable business ideas in India with low investment. Planning an event, either on a professional or personal scale requires looking after minute details to make it super successful. Event hosts mostly do not have the time for execution and hire event managers to take charge of the situation.

Panache for creativity and the right networking can take you places in the event management business without making a big investment.

9.Tution and coaching center

This is another lucrative business option for those with capital constraints. Tuitions classes or coaching centres can begin right from your home, eliminating the need for any rented space. The classes can be taken individually or in larger groups. With a strong knowledge in the field, you excel will help to spread your popularity by word-of-mouth.

Slowly, as the business grows you can hire professionals in other field and start working from a rented place.

10.Food truck

The concept of healthy food on wheels is working well in the urban cities of India. Food trucks are the new-age ‘thellas’ that serves hot, delicious and healthy food. These mobile eating joints present you with delectable cuisines from around the world at a fairly reasonable price. The USP of food trucks is their mobility.

You can conveniently park them outside the school during the afternoon and later travel to office areas during the late evening. Opening your food trucks is an ideal business startup if you have a budget of 10k. With no real-estate investments required, you only need a functional truck, basic equipment and few staffs to get your business kick-started. The current trend in the Indian economy makes it an ideal ground for ambitious entrepreneurs. These remarkable startup ideas with only 10,000 budget will enable newbies to turn into flourishing entrepreneurs. These low investment business ideas in India prove that capital can never be a roadblock on your journey to achieve BIG in life

Hope you enjoyed this article for more content for business related follow business empire follow us

Posted on

Price action is more better for trading?

Hi every one,

What is price action?

  • Price action is the movement of a security’s price plotted over time. Price action forms the basis for all technical analysis of a stock, commodity or other asset chart. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions.

Key take away for price action

  • Price action generally refers to the up and down movement of a security’s price when it is plotted over time
  • Different looks can be applied to a chart to make trends in price action more obvious for traders.
  • Technical analysis formations and chart patterns are derived from price action. Technical analysis tools like moving averages are calculated from price action and projected into the future to inform trades
Continue reading “Price action is more better for trading?”
Posted on

Indian Army and Pakistan Army exchange sweets

There has been a tradition of exchanging sweets between India and Pakistan on major festivals like Eid, Holi, Diwali, and respective national days.

The armies of India and Pakistan on Thursday exchanged sweets at the Tithwal crossing bridge on the Line of Control on the occasion of Diwali, news agency ANI reported. Border Security Force (BSF) and Pakistan Rangers also exchanged sweets at the Attari-Wagah and the India-Pakistan International Border in Gujarat, and in the Barmer sector of Rajasthan to mark the occasion.

There has been a tradition of exchanging sweets between India and Pakistan on major festivals like Eid, Holi, Diwali, and respective national days.

Posted on

Average time to became profitable trader

Hi Traders/Investors,

Before I answer this question, I want to share a caution!

“Successful Trading is not a destination, and it is a journey”

Every day we need to work hard to get success in trading. Each day and each trading opportunity is unique in the market.

Whenever I thought I know everything in the market, the next day, the market slapped very hard on my face (with a big fat loss) to indicate it is supreme.

What I do became a profitable trader ?

How long does it take to be a successful day trader?
You can see the journey of one year of one of my student’s below. Success in trading takes time, a lot of it.



It is only when you venture into this journey, your limits will expand. There is no time limit, there are only phases and you must not stay there, you must go beyond them.

You need to venture to the edge of your limits, are you?

If not, what’s stopping you?

These are the questions to ask yourself if you want to be a successful trader. You can not hope things will change for you on their own because they won’t. Nothing changes until you take the first step. The rest will follow as you push

A decade back, when I was struggling to make some profits in intraday trading, I had an opportunity to meet one of the famous traders who is also a great investment advisor in India.

During my conversation with him, he was very skeptical about intraday trading, and he said he always prefers to take positional trades and long-term bets.

He said, “In the long run, intraday trading doesn’t work!”. It was a devastating statement for me as I wanted to become a successful day trader.


After many years, I got an opportunity to meet him once again. This time I was equipped with results and proofs of success



“Successful Trading is not a destination, and it is a journey”

Every day we need to work hard to get success in trading. Each day and each trading opportunity is unique in the market.

Whenever I thought I know everything in the market, the next day, the market slapped very hard on my face (with a big fat loss) to indicate it is supreme.


I must admit some of the facts about my trading:

I don’t belong to the 90% accuracy trading category. From an analysis perspective, I will get 80-90% accuracy. But in practical trading, I only get 50-60% accuracy. However, I only look for good risk-reward trades (a minimum of 1:2). Hence, it is quickly covering up the losses and turns into a profitable business.
I do take successive losses in my trading, and these losses are painful. However, I have strong money management rules and hence don’t lose much money when I fail. I take a break from the market when I get successive losses in my trading.
I feel high when I make a big profit on any trade. From my past experience, I have realized that whenever I made a big profit, I will feel high, and the next day I will lose money in trading. Hence, I will take a break for 1-2 days whenever I make a big profit on any trading day.
Even though I am an intraday trader, sometimes, I don’t get trades for a couple of weeks (or I am interested only in high profitable trade setups). On all the other days, I am happy to sit and watch the market without doing anything.
I still face problems whenever I try all trading types (like intraday, positional, and investment). Hence, I have restricted my trading activities to positional, and very rarely, I opt for intraday trades.

Hope you all have understand. Happy investing and trading

Posted on

Petrol price drops.?

Following Centre’s suit, 9 BJP-ruled states announce additional cuts on petrol, diesel prices; check latest rates here

New Delhi | Jagran Business Desk: In a significant move to reduce the burden of the common man, the Central government on Wednesday, on the eve of Diwali 2021, announced a massive cut in excise duty levied on petrol and diesel prices across the country to bring down the ever-increasing rates


J

Jagran English
Following Centre’s suit, 9 BJP-ruled states announce additional cuts on petrol, diesel prices; check latest rates here
Following Centre’s suit, 9 BJP-ruled states announce additional cuts on petrol, diesel prices; check latest rates here
1hr0 views194 shares
New Delhi | Jagran Business Desk: In a significant move to reduce the burden of the common man, the Central government on Wednesday, on the eve of Diwali 2021, announced a massive cut in excise duty levied on petrol and diesel prices across the country to bring down the ever-increasing rates.



Petrol and diesel prices have reached an all-time high in almost every city with a continuous increase in the prices since the past few weeks.

As per the notification by the Ministry of Finance, the excise duty on petrol will come down by Rs 5 and that on diesel by Rs 10 and it will be effective from Thursday. The government also urged the states “to commensurately reduce” VAT on petrol and diesel to give relief to consumers.

Following the reduction in excise duty by the Central government and the request from the states to reduce prices further, 9 BJP-ruled states have announced additional cuts in petrol and diesel rates. The nine states where additional cuts have been announced on petrol and diesel prices are Assam, Tripura, Manipur, Karnataka, Goa, Uttar Pradesh, Gujarat, Himachal Pradesh and Uttarakhand.

The Assam government has announced a reduction of Value Added Tax (VAT) on petrol and diesel by Rs 7 bringing down the fuel rates in the states significantly. Currently, a litre of petrol in Assam is retailing at Rs 106.10, while diesel is available at Rs 98.36 per litre. With price cut by the Centre (Rs 5 on petrol and Rs 10 on diesel) and state government (Rs 7), the petrol price will go down by Rs 12, while diesel prices will go down by Rs 17. Manipur government also announced a similar decision to cut VAT by Rs 7 on petrol and diesel rates.

A similar decision was announced by the Tripura government where VAT on fuel prices was reduced by Rs 7. After central and state governments deduction in fuel prices, petrol and diesel will be cheaper by Rs 12 and Rs 17 respectively in Tripura from today. Pramod Sawant-led Goa government also announced a similar decision and reduced VAT on diesel and petrol prices by Rs 7 bringing down the petrol price by Rs 12 and diesel price by Rs 17 in the state.

Basavaraj Bommai-led Karnataka government also followed the suit and reduced the VAT on diesel and petrol prices by Rs 7. After the rate cuts by the Centre and state government, petrol price in Karnataka decreased by Rs 12 while diesel rates were decreased by Rs 17. Gujarat government also announced the implementation of the Centre’s decision, and reduced prices of petrol and diesel by Rs 7 per litre in the state. Following the rate cuts, the petrol and diesel prices in Gujarat will come down by Rs 12 and Rs 17 respectively.