PRICES

  • Mamata Banerjee blames Centre for increasing medicine prices 20 hours 54 minutes ago

    Kolkata: Chief Minister Mamata Banerjee blamed the Centre for increasing the prices of medicines, specially those of cancer and diabetes. "The Centre has suddenly increased the prices. Cancer medicines which was earlier available at Rs 7,000-8,000 now costs a lakh. Every house has one patient of diabetes but the prices...
  • Demand for gold surges once again this festive season Yesterday

    Bangalore: The demand for gold has surged once again as the festive and wedding season are underway. With the arrival of Dussehra, Dhanteras, Diwali, the excitement of jewellers and goldsmiths is more palpable than it was last year. The 2013 festive season took a hit from multiple fronts - raw material...
  • SIAM, Tata Motors, Nissan welcome diesel deregulation Yesterday

    New Delhi: Tata Motors and Nissan Motor India, besides automobile industry body SIAM, on Tuesday welcomed the government's move to deregulate diesel prices in the country. "This is a long-awaited measure and I am extremely happy that the Prime Minister has seized the opportunity of...
  • Auto industry gives thumbs-up to deregulation of diesel prices 3 days ago

    New Delhi: Auto industry on Sunday welcomed the government's move to deregulate diesel prices, saying the clarity on fuel prices would help the manufacturers plan for future products and investments in a better way. "It is great that the government has been able to deregulate the diesel prices. Now the...
  • Motorola Moto G (1st Gen) gets a price cut, now available at Rs 9,999 3 days ago

    New Delhi: After cutting down the price of the first-generation Moto X, Motorola has now slashed the price of the original Moto G (16GB) by Rs 4,000. The first-generation Moto G (16GB) that was launched early this year at a price of Rs 13,999, is now available on online retailer...
  • Government raises natural gas price to US dollar 5.61 per unit 4 days ago

    New Delhi: Government on Saturday approved raising natural gas price to US dollar 5.61 per mmBtu from November 1 but Reliance Industries will continue to get current US dollar 4.2 rate till it makes up for shortfall in output from KG-D6 block. The Cabinet modified the Rangarajan formula approved by previous...
  • Diesel cheaper by Rs 3.37 per litre as Centre de-regulates prices, Cabinet approves new gas pricing formula 4 days ago

    New Delhi: The Union Cabinet on Saturday decided on making some major reforms in the oil and gas sector. The Cabinet has given its nod to de-regulate the diesel prices, linking it to the global markets like that in the case of petrol, said Finance Minister Arun Jaitley. In this regard,...
  • Sensex rises 109 points; Bank Nifty up 2.5 per cent, CNX IT slips 4 per cent 6 days ago

    Mumbai: The Sensex rose 109.19 points or 0.42 per cent to close at 26108.53 and the Nifty climbed 32.40 points or 0.42 per cent to 7780.60. About 1336 shares have advanced, 1501 shares declined, and 117 shares are unchanged. Good buying was observed in capital goods, banking, healthcare and fast moving...
  • Diesel prices likely to be cut by Rs 3.56 per litre 6 days ago

    New Delhi: A Rs 3.56 per litre cut in diesel prices is in the offing as slump in international oil prices have helped nearly doubling of profit on India's most consumed fuel. With crude prices dipping to four-year low, the over-recovery or profit on diesel sales, which was Rs 1.90 a...
  • Oil dips below $84, near four-year low, on oversupply 1 week ago

    London: Brent crude fell to a fresh 47-month low on Wednesday, dipping below $84 a barrel as faltering global growth curbed demand for fuel at a time of heavy oversupply. Oil saw its biggest daily fall in more than three years on Tuesday after the West's energy watchdog slashed its forecasts...
  • Motorola Moto X (1st Gen) price slashed by Rs 6,000, now available for Rs 17,999 October 15, 2014

    New Delhi: Motorola has slashed the price of its first-generation Moto X smartphone in India by Rs 6,000. The phone, which was earlier available for Rs 23,999, is now available on e-commerce site Flipkart for Rs 17,999. The original Moto X( first-gen) features a 4.7-inch touchscreen, Android KitKat OS, dual-core 1.7...
  • Petrol prices cut by Re 1 per litre with effect from tonight October 14, 2014

    New Delhi: Petrol price was on Tuesday cut by Re 1 a litre, but the first reduction in diesel rates in over five years will have to wait till completion of Assembly polls. State-owned oil firms, which cut petrol price by 54 paisa on October 1, reduced rates by another Re...
  • BJP lauds government's efforts to bring down inflation October 14, 2014

    New Delhi: BJP on Tuesday lauded the government's efforts to rein in inflation and exuded confidence that prices will further come down in the near future. The party said the Narendra Modi-led government was committed to bringing down prices and was taking the issue seriously which has been troubling the common...
  • Diesel price likely to be cut by Rs 2.50 per litre after Assembly elections October 14, 2014

    New Delhi: A Rs 2.50 per litre cut in diesel prices, the first in over four years, is likely after results of Assembly polls in Maharashtra and Haryana are announced on Sunday. Petrol, which unlike diesel is a deregulated commodity, is likely to see a price reduction of about Re 1...
  • Inflation drops to 5-year low of 2.38 per cent in September October 14, 2014

    New Delhi: Continuing decline in food prices, including vegetables, pulled down the September wholesale price inflation to a five year low of 2.38 per cent. The Wholesale Price Index (WPI) based inflation was at 3.74 per cent in August and 7.05 per cent in September 2013. ...
  • Choppy Sensex, Nifty close lower; DLF tanks 28 per cent, BHEL up 4 per cent October 14, 2014

    Mumbai: Equity benchmarks closed marginally lower amid consolidation on Tuesday ahead of two state elections (Maharashtra and Haryana) on Wednesday. The Sensex fell 34.74 points to close at 26349.33 and the Nifty declined 20.25 points to 7864. About 1301 shares have advanced, 1622 shares declined, and 109 shares are unchanged. ...
  • Crude oil prices at four-year low after Iraq cuts down prices October 13, 2014

    New Delhi: Crude oil prices have fallen down to a four-year low after Iraq cut down prices over the weekend. Iraq's State Oil Marketing Company has cut oil prices to Asian and European buyers. The fall is expected to continue as output expands. Kuwait has indicated that OPEC is...
  • September retail inflation eases to 6.46 per cent October 13, 2014

    New Delhi: India's retail inflation declined for a second straight month in September, but the risks of price shocks are expected to keep the Reserve Bank of India (RBI) from cutting interest rates anytime soon. Consumer prices rose a slower-than-expected 6.46 percent from a year earlier, the lowest since figures were...
  • Bombay High Court rules in favour of Vodafone in transfer pricing case October 10, 2014

    Mumbai: In a landmark judgement, the Bombay High Court has ruled in favour of the Vodafone group in the transfer pricing dispute. The HC has said that there is no taxable income arising out of transactions. Vodafone had moved Bombay HC seeking relief from the I-T notice with regard to the...
  • Cyclone heads to Andhra, Odisha coast October 8, 2014

    Bhubaneswar: An approaching cyclone will cross Andhra Pradesh and adjoining Odisha coast by Sunday noon and preparations have been made to meet the situation, authorities said on Wednesday. "The deep depression over Andaman Sea and neighbourhood ... intensified into a cyclonic storm 'Hudud' and lay centred at 8.30 AM today (Wednesday)...
  • Gold edges up on stray support, silver recovers September 27, 2014

    Mumbai: Gold prices gained modestly, in an otherwise lacklustre and cautious trade at the domestic bullion market owing to stray buying support. Elsewhere, silver recovered owing to renewed industrial buying. Standard gold (99.5 purity) moved-up by Rs 5 to close at Rs 26,760 per 10 grams from Friday's level of...
  • Government has narrow window for gas price as deadline looms large September 23, 2014

    New Delhi: The government has a narrow window of one day to approve a new gas pricing mechanism to meet its own deadline of announcing a new rate. The government had promised to come up with a new gas price by September end but it only has on Wednesday to...
  • Government strips NPPA of powers to cap non-essential drug prices September 23, 2014

    New Delhi: The government has stripped drug pricing authority NPPA of powers to cap prices of non-essential drugs after its recent order triggered industry protests. The Department of Pharmaceuticals under the Ministry of Chemicals and Fertilizers on Friday ordered the National Pharmaceutical Pricing Authority (NPPA) to...
  • India caps prices of 36 more drugs: government source September 19, 2014

    Mumbai: India has capped the prices of 36 drugs, including those used to treat infections and diabetes, in its latest move to make essential medicines more affordable, a senior official of the country's drug pricing authority said on Friday. The medicines join the 348 drugs deemed essential and that are therefore...
  • With eye on assembly polls, government considers 4050 paise per litre cut in diesel price September 17, 2014

    New Delhi: In a move that will put more money in your pockets, the Oil Ministry on Wednesday sought the Law Ministry's views on cutting diesel prices. The government is reportedly keen to cut diesel prices by 40 to 50 paise per litre. The Oil Ministry has asked the Law Ministry...
  • Inflation dips to 5year low of 3.7 per cent September 15, 2014

    New Delhi: Softening prices of food items, including vegetables, pulled down the WPI inflation to fiveyear low of 3.74 per cent in August, but it may not bring relief to the industry as the RBI is insisting that "there is no point in cutting interest rates" to see prices go...
  • August WPI inflation dips to 3.74 pc, lowest in 5 years September 15, 2014

    New Delhi: Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 per cent in August to a nearly fiveyear low. The inflation measured on Wholesale Price Index (WPI) was at 5.19 per cent in July and 6.99 per cent in...
  • RBI Governor urges Centre to deregulate diesel prices September 15, 2014

    Mumbai:Even as the government is continuing with a phased deregulation of diesel prices, RBI Governor Raghuram Rajan has urged the Centre to completely deregulate diesel prices. Rajan on Monday said diesel price deregulation is especially important in the wake of rising global crude oil prices. "Deregulation will empower stateowned oil firms...
  • Onion prices crashes in Karnataka, farmers gets just Rs 510 per kg September 13, 2014

    Bangalore: The price of onion has hit the bottom in Karnataka, the second largest onion growing state in India. The wholesale purchasing rate of the best onion (price the growers get) has gone down to Rs 15 per kg and other midlevel onions are being purchased from the farmers for...
  • Oil prices down in Asia after IEA demand downgrade September 12, 2014

    Singapore: Oil prices fell in Asia on Friday after the International Energy Agency slashed its forecast for world crude demand in 2014 and as dealers await key US economic data, analysts said. US benchmark West Texas Intermediate (WTI) for October delivery was down one cent to US dollar 92.82 while Brent...