Auto stocks mostly higher on price hike announcements
Business | December 04, 2019 21:04 ISTMSI on Tuesday said it will hike prices of its vehicles from January to offset rising input costs
MSI on Tuesday said it will hike prices of its vehicles from January to offset rising input costs
On the NSE, the stock soared 9.93 per cent to Rs 7.75 per unit. It zoomed 12.05 per cent to Rs 7.90 during the day. Bharti Airtel also saw its shares rising though marginally at 0.41 per cent to end at Rs 460.85 a unit on the BSE. Intra-day, its stock touched a high of Rs 464.75 apiece, up 1.26 per cent.
Protesters angered by Iran raising subsidized gasoline prices blocked traffic in several cities and clashed occasionally with police Saturday, the day after overnight rallies included an attempted attack on a regional oil depot that saw police and demonstrators exchange gunfire.
The Agriculture Ministry on Wednesday relaxed fumigation norms for imported onions up to November 30 in a bid to improve domestic supply and check prices that have skyrocketed up to Rs 80/kg.
Bizarre though it may sound but a man in Lucknow has been robbed of onions, garlic and tomatoes. The soaring prices of these vegetables apparently have a lot to do with the theft.
Petrol and diesel prices have registered a significant jump over the past six days, with Delhi seeing petrol prices increase to Rs 1.88 per litre and diesel prices hike to Rs 1.50 per litre.
CNG price in Delhi and its suburbs was on Sunday hiked for the third time since April due to rise in input cost following appreciation of US dollar against the rupee.
The Food Ministry has created a buffer stock of 'arhar' ('tur' or pigeon pea) of 14 lakh tonnes while National Agricultural Cooperative Marketing Federation (NAFED) has 20 lakh tonnes.
"We estimate telecom operators to raise prices in H2FY20 as mobile broadband subscriber penetration reaches 65 per cent," said the report titled "Telecom-Daylight Again".
Spot fares of Mumbai-Delhi, Mumbai-Chennai, Chennai-Delhi, Delhi-Kolkata, Kolkata-Mumbai and other key Indian cities have rocketed as several airlines have canceled many flights following the DGCA’s order of grounding Boeing 737 Max 8 jumbos from the Indian airspace. Despite DGCA preparing contingency plans, passengers are being forced to shell out much more than usual for air travel.
A 14.2-kg subsidised LPG cylinder in Delhi will now cost Rs 507.42 as against Rs 505.34 previously, according to a price notification of state-owned fuel retailers.
The revised rates of petrol in Delhi stood at Rs 81.82/litre and Rs 73.53/litre respectively.
Fuel prices continued to skyrocket yet again on Sunday. Petrol, diesel prices were hiked by 28 paise per litre and 18 paise per litre respectively in Delhi.
Maruti Suzuki India said it will hike prices of its vehicles across models this month to offset adverse impacts of rise in commodity costs, foreign exchange fluctuations and fuel price increases
Utility vehicle major Mahindra & Mahindra (M&M) today said it plans to increase prices of its passenger vehicles by up to Rs 30,000 from next month in order to offset impact of rising commodity prices
Twitterati goes wild with their opinions and criticism and we must say some of them are so hilarious that one can’t stop laughing.
The spurt in rates, caused by the rally in international oil prices, has led to the oil ministry asking the finance ministry for a cut in excise duty in the Union Budget 2018-19.
The price of non-subsidised LPG or market priced cooking gas has been hiked by Rs 93 to Rs 742 per bottle. At the last revision on October 1 the rate was hiked by Rs 50 to Rs 649 per bottle.
The crackdown by the Yogi Adityanath-led Uttar Pradesh government on illegal slaughterhouses could eventually result in a price hike for leather products across the country.
The price of a stent may very well rise by 1000 per cent by the time it moves from the manufacturer to the patient, according to the data released by the National Pharmaceutical Pricing Authority (NPPA).
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