New Delhi: Petrol price were on Monday cut by Rs 1 per litre with effect from midnight, the third reduction in rates in the last four weeks. Earlier in April, the price was reduced by 85 paise per litre. The price cut, which was made possible because of fall in international oil prices, excludes local sales tax or VAT. However, there will be no change in diesel prices even though...
07:00 PM, Apr 15, 2013
New Delhi: Gold futures prices on Monday fell by 2.95 per cent to trade at a fifteen-month low of Rs 27,100 per ten gram as speculators engaged in offloading their positions after the precious metal dropped to a two-year low in overseas markets. At the Multi Commodity Exchange, gold for delivery in June fell sharply by Rs 825, or 2.95 per cent, to Rs 27,100 per 10 gm, the lowest...
11:18 AM, Apr 15, 2013
New Delhi: Retail inflation declined to 10.39 per cent in March, snapping the five month rising trend, as prices of vegetables and protein based items eased. The Consumer Price Index (CPI) based inflation was at 10.91 per cent in February. The inflation, however, continued to remain in the double digit terrain for the fourth consecutive month in March. The prices in the vegetables basket eased to 12.16 per cent in...
11:41 AM, Apr 12, 2013
Singapore: Gold dropped to a 10-month low on Thursday as investors cashed in the precious metal to cover steep losses in equities after disappointing US economic data. Gold, a traditional safe haven, also failed to capitalise on tensions in the Korean peninsula, where North Korea has moved what appears to be a mid-range missile to its east coast, according to South Korea's Yonhap news agency. Gold fell as far as...
09:21 AM, Apr 04, 2013
Car makers Honda Cars India and Hyundai Motors India today said they have hiked prices of their vehicles by up to Rs 10,000 to offset increased cost of on board diagnostic compliance changes (OBDC). ...
07:21 PM, Apr 01, 2013
Petrol price was on Monday cut by 85 paise per litre with effect from midnight, the second reduction in rates in the last two weeks. The price cut, which was made possible because of a fall in international oil prices, is excluding local sales tax or VAT. After including VAT, the reduction in price of petrol in Delhi comes to Rs 1.02 per litre and the fuel will cost Rs...
06:51 PM, Apr 01, 2013
The new tax policy and charges announced in Union Budget and Railway Budget 2013-14 have become applicable from Monday. Sparing the common man and taxing the super-rich - both individuals and corporate houses, Union Finance Minister P Chidambaram has increased social spending but stayed away from blatant pre-poll sops in his Budget. ...
01:20 PM, Apr 01, 2013
Taking a dig at scam tainted the UPA government, Delhi Pradesh BJP President Vijay Goel on Sunday said corruption and price rise must be handled aggressively and with utmost thought. ...
10:49 PM, Mar 31, 2013
The Centre on Monday filed a petition in the Madras High Court seeking to set aside a single Judge's recent order restraining oil marketing companies from charging higher price for diesel sold to state transport corporations in Tamil Nadu. The petition filed by the Petroleum Ministry contended the single Judge ought not to have entertained the petition by the Chairman of state transport undertakings challenging the Centre's decision which had...
03:12 AM, Mar 26, 2013
A government-appointed inquiry committee, looking into the US lobbying activities of Walmart Stores for Indian market foray, on Friday met senior executives of the global retail giant and sought details on the issue. The Committee met the representatives of Walmart Asia as well as those of Bharti Walmart Private Ltd, the company's Indian joint venture with Bharti group, along with their counsel in New Delhi. ...
12:45 AM, Mar 23, 2013
Diesel price was on Friday hiked by 45 paisa per litre, the third increase in the rate of nation's most consumed fuel since January. Diesel price will be hiked by 45 paisa, excluding VAT, from midnight tonight, Indian Oil Corp (IOC), the nation's largest oil firm, announced. ...
07:42 PM, Mar 22, 2013
The Cabinet is all set to meet again to consider and possibly clear United Progressive Alliance's ambitious Food Bill. No decision could be passed on Monday since two Cabinet ministers P Chidambaram and AK Antony were not present. ...
09:24 PM, Mar 18, 2013
India's high food inflation is a negative for the country's sovereign ratings as it filters through the broader economy, with adverse consequences for growth and the large fiscal and current account deficits, Moody's said on Monday. ...
10:59 AM, Mar 18, 2013
Zimbabwe police arrested the country's most prominent rights lawyer and four senior officials with the prime minister's party on Sunday, a day after the nation voted in a referendum on a new constitution that calls for more protection against human rights violations. ...
02:15 AM, Mar 18, 2013
German luxury car manufacturer Audi today announced an increase in prices of some of its models by as much as 15 per cent, with effect from Saturday. ...
02:24 PM, Mar 16, 2013
Envisioning cars that can go "coast to coast without using a drop of oil," President Barack Obama on Friday urged Congress to authorize spending $2 billion over the next decade to expand research into electric cars and biofuels to wean automobiles off gasoline. ...
02:25 AM, Mar 16, 2013
n a surprise cut, petrol price was slashed by Rs 2 per litre, excluding local taxes, with effect from Friday midnight. This is the steepest reduction in petrol rate in the last nine months. ...
07:14 PM, Mar 15, 2013
Luxury car maker Mercedes-Benz India will hike prices of its entire range that will translate into an increase of up to Rs 58 lakh on imported vehicles from April 1. The hike in price ranges from 1-4 per cent for locally produced models, and up to 20 per cent for select CBUs (completely built units), the company said in a statement. ...
10:27 PM, Mar 14, 2013
Petrol price may be reduced by about Re 1 per litre while diesel price may be hiked by 40-50 paisa a litre from March 15 or 16. While petrol prices are being cut in step with falling international oil rates, diesel rate increase would be in line with the January decision to raise prices in small dozes every month till all of the Rs 11 per litre losses are eliminated....
12:59 PM, Mar 14, 2013
Retail inflation moved up for the fifth consecutive month to 10.91 per cent in February, remaining in the double-digit terrain for third month in a row, on account of higher prices of vegetables, edible oil, cereals and protein-based items. ...
11:40 AM, Mar 12, 2013
