PRICES

  • Crude oil prices plunge after OPEC rejects drastic cut in oil output 2 hours 27 minutes ago

    Crude oil prices have plunged after OPEC members rejected calls for drastic action to cut their oil output. OPEC's Secretary General said they would not try to shore up prices by reducing production. Following the announcement Brent crude hit its lowest since August 2010 - falling below 72 dollars a...
  • After Vodafone, IT department loses Rs 18,000 crore transfer pricing case against Shell November 19, 2014

    Mumbai: On the heels of it losing a similar case against telecom major Vodafone, the IT department lost its Rs 18,000-crore transfer pricing cases against oil major Shell India at the Bombay High Court, which quashed the department's tax order. The tax sleuth had added Rs 15,000 crore and Rs...
  • India urges higher pay for millions of Gulf workers November 17, 2014

    New Delhi: India is pressing rich countries in the Gulf to raise the wages of millions of Indians working there, in a drive that could secure it billions of dollars in fresh income but risks pricing some of its citizens out of the market. Over 5 million Indian nationals are believed...
  • Watch: IIP up by 2.5 per cent against 0.4 per cent in August November 13, 2014

    With consumer price inflation dipping and factory output growing slightly, all eyes are now on the Reserve Bank of India. Will it or will it not cut rates at its next meeting is the question. ...
  • Excise duty on petrol, diesel hiked; prices go up by Rs 1.50 November 13, 2014

    New Delhi: Petrol and diesel prices were on Thursday hiked by Rs 1.50 a litre after government raised excise duty on the two fuel to mop up an additional revenue of about Rs 13,000 crore. The fall in international oil prices had resulted in six consecutive reduction in petrol prices...
  • Petrol, diesel rates likely to be cut by Re 1 November 12, 2014

    New Delhi: Petrol and diesel prices are likely to be cut by close to Re 1 per litre this weekend on sliding global oil rates. This would be the seventh reduction in petrol prices since August and the third in rates of diesel since its decontrol...
  • Google-Motorola Nexus 6 coming to India at Rs 44,000 for 32GB, Rs 49,000 for 64GB November 7, 2014

    New Delhi: The much-awaited Google Nexus 6 smartphone is now listed on the Google India Play Store at Rs 44,000 for the 32GB model; the 64GB variant will be available at Rs 49,000. The phones are listed as "coming soon", but there is, however, no information as to when they...
  • Gold prices decline to over 3-year low on global cues November 5, 2014

    New Delhi: Gold prices plunged by Rs 450 to trade at over three-year low of Rs 25,900 per 10 grams in the national capital on Wednesday as the dollar's strength dampened demand for the precious metal. Besides, low demand from jewellers and retailers who preferred to defer their buying activity...
  • Gold remains weak amid poor buying sentiment November 4, 2014

    Mumbai: Gold prices slipped further at the domestic bullion market on Tuesday due to reduced off-take by stockists as well as retailers. Elsewhere, silver continued its relentless fall owing to lack of industrial demand. Standard gold (99.5 purity) moved down by Rs 30 to settle at Rs 25,955 per 10 grams...
  • Government cuts import tariff value on gold, silver November 2, 2014

    New Delhi: The government on Saturday slashed import tariff value on gold to $391 per 10 grams and silver to $551 per kg following weak global price trends. During the last fortnight, the tariff value on imported gold was fixed at $401 per 10g and on silver at $575 per kg. The...
  • Jet fuel prices slashed by 7.3 per cent, no cut on fares November 2, 2014

    New Delhi: Jet fuel (ATF) rates were cut by a steep 7.3 per cent, the fourth straight reduction in prices since August on back of falling international oil rates. The price of aviation turbine fuel (ATF), or jet fuel, at Delhi was cut by Rs 4,987.7 per kilolitre, or 7.3 per...
  • Adani hikes CNG, PNG price in Ahmedabad, Vadodara November 2, 2014

    Ahmedabad: Corporate giant Adani announced that it has hiked Compressed Natural Gas (CNG) prices by Rs 4.28 to Rs 48.09 per kg and Piped Natural Gas (PNG) by Rs 2.60 per Standard Cubic Meter in Ahmedabad and Vadodara. The steep hike in price was done under new domestic gas pricing...
  • Steep hike in city gas price; CNG at Rs 43.45; PNG at Rs 26.58 November 1, 2014

    Mumbai: City gas distributor Mahanagar Gas Ltd on Friday hiked CNG prices by Rs 4.50 to 43.45/kg and domestic piped natural gas (PNG) by Rs 2.49 to Rs 26.58/SCM, in the megapolis following the 33 per cent hike effected by the Centre. Earlier this month, the Centre had finally increased domestic...
  • Petrol price cut by Rs 2.41 a litre ,diesel rate lowered by Rs 2.25 with effect from midnight October 31, 2014

    New Delhi: Petrol price was on Friday cut by Rs 2.41 a litre, the sixth reduction since August, and diesel by Rs 2.25 per litre on back of falling international oil rates. The reduction in rates of petrol and diesel, which was deregulated for the first time in more than a...
  • Gold price dips Rs. 600 per 10 gram October 31, 2014

    New Delhi: Jewelry buyers have a reason to buy more gold even after the festive season has just gone as the yellow metal prices dropped by Rs 600 per 10 grams on Friday to Rs 26,500. In India, however, the marriage season will begin soon. Experts attributed the dip in price to...
  • I hate the old house, there are so many bad memories of Kieran cheating: Katie Price October 29, 2014

    London: Singer Katie Price says she wants to make a fresh start in a new home with husband Kieran Hayler, who cheated on her. Price, who forgave Hayler after discovering his affairs with her friends Jane Pountney and Chrissy Thomas earlier this year, has moved out of the Sussex home as...
  • Tamil Nadu government government hikes milk prices by Rs 10 a litre October 25, 2014

    Chennai: The Tamil Nadu government on Saturday announced a rise in milk prices by Rs 10 a litre, following demands from milk producers to increase the procurement price. The state government had increased milk prices three years ago. "There should not be any disruption in the payments made to milk producers...
  • Mamata Banerjee blames Centre for increasing medicine prices October 22, 2014

    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 October 22, 2014

    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 October 21, 2014

    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 October 19, 2014

    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 October 19, 2014

    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 October 18, 2014

    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 October 18, 2014

    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 October 17, 2014

    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 October 16, 2014

    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 October 15, 2014

    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...