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New Delhi [India], December 17 (ANI): Consumers across India are set to benefit from reduced prices of Compressed Natural Gas (CNG) and domestic Piped Natural Gas (PNG) as the Petroleum and Natural Gas Regulatory Board (PNGRB) announced a tariff rationalization that will come into effect from January 1, 2026.In an exclusive interview, AK Tiwari, Member, PNGRB, said that the new unified tariff structure will result in savings of Rs 2-3 per unit for consumers, depending on the state and applicable ...Read More >
New Delhi: Petrol and diesel are costliest in Andhra Pradesh largely because of the highest VAT the state charges, while smaller states and Union Territories such as Andaman & Nicobar Islands have the lowest fuel prices, according to information furnished in the Rajya Sabha on Monday. A litre of petrol in Amaravati - the capital city of Andhra Pradesh - costs Rs 109.74, while the same in Andaman & Nicobar Islands comes for Rs 82.46, according to a written reply by Minister of State for Petroleum ...Read More >
Andhra Pradesh records the highest petrol and diesel prices due to its elevated VAT, while Andaman & Nicobar Islands offer the lowest fuel costs. This disparity arises from varying state VAT rates and freight charges, as highlighted by the Minister of State for Petroleum and Natural Gas. For millions of working Indians, the cost of petrol and diesel decides far more than weekend plans. It determines how expensive the daily office commute is, how much a delivery costs, and how quickly household ...Read More >
Mumbai, Nov 13 (PTI) The rupee consolidated in a narrow range and settled for the day lower by 6 paise at 88.68 (provisional) against the US dollar on Thursday, as foreign fund outflows and continuous dollar demand from local importers, including oil companies, exerted pressure on the local currency. Forex traders said rupee is trading in a tight range, as overnight decline in crude oil prices and renewed optimism over US-India trade talks providing a steady anchor and restricted the downfall. ...Read More >
Mumbai: Packaged consumer goods giant Hindustan Unilever Ltd on Thursday reported a muted 1.5% rise in consolidated revenue to ₹16,388 crore for the July-September quarter (Q2FY26). The company's net profit during the quarter stood at ₹2,694 crore, up 3.8% year-on-year. HUL, India's largest fast-moving consumer goods company, had flagged in late September that it expected disruptions in sales in the quarter over lower goods and services tax rates. While the rate cuts benefitted 40% of HUL's p ...Read More >
US President Donald Trump on Sunday (local time) reiterated his claim that he had spoken to Prime Minister Narendra Modi, who told him India would cease buying Russian oil. Speaking to reporters aboard Air Force One, Trump warned that India would continue to face "massive" tariffs if it did not comply. This marks the third time the US President has repeated his claim, first made on October 15, regarding India halting Russian oil purchases and him speaking to PM Modi. "I spoke with Prime Minist ...Read More >
New Delhi: Logistics cost in India will fall to 9% by December, helped by rapid expansion of expressways and economic corridors, road transport and highways minister Nitin Gadkari said on Friday. Addressing the annual conference of the Associated Chambers of Commerce and Industry of India, he said that a recent report prepared by IIT Chennai, IIT Kanpur and IIM Bangalore revealed that India's construction of expressways and economic corridors had helped reduce the country's logistics cost to 10 ...Read More >
NEW DELHI, Oct. 1 (Xinhua) -- The Indian central bank, Reserve Bank of India (RBI), on Wednesday announced several measures to help exporters. The RBI Governor Sanjay Malhotra, in his statement after the culmination of the bank's three-day Monetary Policy Committee deliberation, said the export sector remains a vital part of India's economy. "To further strengthen the sector and enhance ease of doing business, we shall extend the time period for repatriation from foreign currency accounts of I ...Read More >
Mumbai: LG Electronics India Ltd, the wholly owned subsidiary of LG Electronics Inc., is preparing to tap the public markets even as it sharpens its focus on meeting domestic demand, building India as a global export hub, and expanding its portfolio of premium products. LG Electronics Inc. will raise ₹11,607 crore by selling 101.8 million shares through an offer for sale (OFS). The initial public offering (IPO), scheduled for 7-9 October, will see the South Korean parent firm sell about 15% of ...Read More >
New Delhi: Aviation Turbine Fuel (ATF) prices were hiked by over 3 per cent and commercial LPG rates by Rs 15.50 per cylinder on Wednesday as oil firms revised fuel prices in line with global benchmarks. Jet fuel (ATF) price was increased by Rs 3,052.5 per kilolitre, or 3.3 per cent, to Rs 93,766.02 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers. The increase comes on the back of a 1.4 per cent (Rs 1,308.41 per kl) re ...Read More >
New Delhi | Aviation Turbine Fuel (ATF) prices were hiked by over 3 per cent and commercial LPG rates by Rs 15.50 per cylinder on Wednesday as oil firms revised fuel prices in line with global benchmarks. Jet fuel (ATF) price was increased by Rs 3,052.5 per kilolitre, or 3.3 per cent, to Rs 93,766.02 per kl in the national capital - home to one of the busiest airports in the country, according to state-owned fuel retailers. The increase comes on the back of a 1.4 per cent (Rs 1,308.41 per kl) ...Read More >
New Delhi: Higher spending and lower net tax collection widened the Centre's fiscal deficit up to August in this financial year to 38.1% of the annual target, compared with 27% a year before, showed the official data released on Tuesday. In absolute terms, the fiscal gap stood at ₹5.98 lakh crore until August, against ₹4.35 lakh crore a year before, the data showed. The Centre front-loaded its spending this fiscal, especially on capital projects, to support economic growth, unlike in the initi ...Read More >
The Asian Development Bank (ADB) on Tuesday lowered its growth forecast for the current financial year by 20 basis points (bps) to 6.5 per cent, citing steep tariff hikes by the US that are expected to come into effect in the second half of FY26, thus affecting exports and manufacturing growth. "India faces the steepest tariff hikes among developing Asian economies, prompting a downgrade in its growth outlook. For FY2025 [ending on 31 March of the next year], growth is now projected at 6.5 per ...Read More >
New Delhi: Global rating agency Crisil on Monday projected India's gross domestic product (GDP) to grow 6.5 per cent this fiscal, amid rising private consumption and tax reforms. Rising private consumption should support industrial production. "So far, a copious monsoon, robust kharif sowing and benign inflation have supported the rural economy. The impact of excess rains on agriculture output will be monitorable. The urban economy will get a leg-up from lower lending rates, income tax relief ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) India's index of industrial production (IIP) in August showed strong growth in infrastructure and primary goods, experts said on Monday, highlighting a steady recovery in the mining, electricity, and capital-intensive sectors. According to Hemant Jain, President of PHD Chamber of Commerce and Industry (PHDCCI), IIP grew at 4 per cent in August -- marking a seven-month high, driven by strong recovery in the mining and electricity sectors. The mining sector gre ...Read More >
New Delhi, Sep 29 (PTI) India's industrial production grew at 4 per cent in August, mainly due to better performance by the mining sector, according to government data released on Monday. The Index of Industrial Production (IIP) growth rate for July has been revised upwards to 4.3 per cent from the earlier estimate of 3.5 per cent. In August 2024, the IIP recorded flat growth. "With the mining sector growth at 6 per cent, the All India Index of Industrial Production (IIP) recorded a 4 per cent ...Read More >
New Delhi, Sep 16 (SocialNews.XYZ) In a major relief for the pharma sector, the government has dismissed the mandatory rule for drug manufacturers to recall, or re-label medicines already released in the market before September 22, the Department of Pharmaceuticals said. This follows the latest revision in Goods and Services Tax (GST) rates early this month by the GST Council, which reduced the GST on medical devices to 5 per cent from 12 per cent. The National Pharmaceutical Pricing Authority ...Read More >
NEW DELHI, Sept 16: Wholesale Price Index (WPI) increased from (-)0.58 pc in July 2025 to 0.52 pc in August 2025, driven by high prices of primary articles particularly food articles, non-food articles, minerals and manufactured goods, said Hemant Jain, President of PHD Chamber of Commerce and Industry (PHDCCI) in a communique. Jain said, "The prices of food articles increased by 1.45 pc in August 2025 vs July 2025 due to the inflation in wheat, pulses, eggs, meat and fish. While higher prices ...Read More >
NEW DELHI, Sept 15 (Reuters) - Gold demand in India this festive season is expected to be weaker than last year, as record-high prices are likely to curb jewellery purchases, outweighing modest gains in investment demand. Weaker demand in the world's second-largest gold consumer could limit a rally in global prices , which hit a record high last week. But sluggish demand for gold imports could limit India's trade deficit and support the rupee. Local gold prices , which scaled a record peak of ...Read More >
NEW DELHI -- Gold demand in India this festive season is expected to be weaker than last year, as record-high prices are likely to curb jewellery purchases, outweighing modest gains in investment demand. Weaker demand in the world's second-largest gold consumer could limit a rally in global prices, which hit a record high last week. But sluggish demand for gold imports could limit India's trade deficit and support the rupee. Local gold prices, which scaled a record peak of 109,840 rupees per 1 ...Read More >
[NEW DELHI, Sept 15 (Reuters) - Gold demand in India this festive season is expected to be weaker than last year, as record-high prices are likely to curb jewellery purchases, outweighing modest gains in investment demand. Weaker demand in the world's second-largest gold consumer could limit a rally in global prices, which hit a record high last week. But sluggish demand for gold imports could limit India's trade deficit and support the rupee. Local gold prices, which scaled a record peak of 1 ...Read More >
New Delhi: India's retail inflation edged up modestly in August, but economists and industry leaders believe the rise is temporary and unlikely to upset the country's broader price stability, partly due to recent GST reforms. Official data released on Friday showed that retail inflation, measured by the Consumer Price Index (CPI), climbed to 2.07 percent year-on-year in August 2025, compared with 1.61 percent in July. The increase of 46 basis points, though notable, still kept inflation well wit ...Read More >
New Delhi [India], September 13 (ANI): India's retail inflation edged up modestly in August, but economists and industry leaders believe the rise is temporary and unlikely to upset the country's broader price stability, partly due to recent GST reforms. Official data released on Friday showed that retail inflation, measured by the Consumer Price Index (CPI), climbed to 2.07% year-on-year in August 2025, compared with 1.61% in July. The increase of 46 basis points, though notable, still kept in ...Read More >
New Delhi, Sep 13 (SocialNews.XYZ) Lower headline inflation and reduced interest rates are set to extend broader support to domestic demand in the economy amidst global headwinds, a report has said. The headline inflation is now projected at 3.2 per cent in fiscal 2026, down from the earlier estimate of 3.5 per cent. This results in a 140 basis points (1.4 percentage points) decline in CPI inflation for this fiscal year, according to the report from ratings agency Crisil. "This sharp moderatio ...Read More >
US President Donald Trump has acknowledged that his decision to impose tariffs on India over its purchase of Russian oil has strained ties with New Delhi. "Look, India was their biggest customer. I put a 50 per cent tariff on India because they're buying oil from Russia. That's not an easy thing to do. That's a big deal and it causes a rift with India," Trump said in an interview with 'Fox and Friends' on Friday when asked what clamping down on Russian President Vladimir Putin involves. "But I ...Read More >
NEW DELHI: India's retail inflation accelerated to 2.1% yearon-year in August from an eight-year low of 1.6% in July, as food prices increased, official data released Friday showed. Despite the rise, it remained below the central bank's target range of 4% with a margin of two percentage points on either side of that figure. "An increase in headline inflation and food inflation during the month of August is mainly attributed to increase in inflation of vegetables, meat and fish, oil and fats, pe ...Read More >
New Delhi: Staying at the central bank's tolerance band of 2-6 per cent for more than three quarters in a row, India's headline retail inflation in August rose slightly to 2.07 per cent from 1.61 per cent in the preceding month, mainly due to increase in prices of vegetables, meat and fish, a government data said on Friday. As per the data released by the National Statistics Office (NSO), the inflation based on consumer price index or CPI was 3.65 per cent in August 2024. "An increase in headli ...Read More >
CHENNAI: Indian stock markets edged higher on Tuesday (September 2), with the Sensex gaining around 350 points and the Nifty crossing above 24,700. Investor sentiment improved ahead of the GST Council meeting, where tax cuts on several consumer goods are expected, and Reliance Industries led the gains after a global brokerage raised its price target. Positive GDP data and hopes of stronger festive demand also supported the rally. All major sectors traded in the green, with energy and oil & gas ...Read More >
Due to the severe flood situation in Punjab, the government has extended the closure of all schools until September 3, 2025. This decision, directed by Chief Minister Bhagwant Singh Mann, aims to prioritize the safety of students and staff amidst the ongoing flooding caused by swollen rivers and heavy rainfall in the region. The Punjab government has extended the closure of all schools until September 3 due to the ongoing flood situation in the state, officials announced on Sunday. Previously, ...Read More >
A Think Change Forum report advocates for GST 2.0 to adopt just two slabs -- 5% and 18% -- capping the peak rate at 18% to simplify the tax system. The report, released ahead of a GST Council meeting, suggests this move would boost consumption, improve compliance, and generate higher revenues by eliminating anomalies and reducing litigation. The long-term success of Goods and Services Tax (GST) depends on moving towards a single nationwide rate, and GST 2.0 should be the first step by adopting ...Read More >
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