Tag Archives: prices

Toyota hikes prices of select models by up to Rs 1.6 lakh

Toyota Kirloskar Motor (TKM) said on Wednesday it has increased prices of select models, including Innova Crysta and premium SUV Fortuner, ranging between Rs 13,000 and Rs 1.6 lakh. The decision to hike the prices has been prompted by the rise in cess from 2-7% across mid-size to large size cars and SUVs by the GST Council, TKM… Read More »

Oil prices relatively even on wait-and-see Tuesday

Crude oil prices were relatively even early Tuesday as Libyan production resumes after a brief disruption, while anticipation stews over broader OPEC moves. Parties to an agreement from the Organization of Petroleum Exporting Countries to balance an oversupplied market with production declines are wrapping up meetings in Abu Dhabi that assessed compliance and quotas. The effort, implemented in January, brought… Read More »

Optimism on market rebalancing drags oil prices lower

 Renewed optimism about the rebalancing of the crude oil market brought concerns about excitability and dragged the price for oil lower early Thursday. A decision from Saudi Arabia this week to cut its output further, signs of strong demand growth in the United States, the world’s leading economy, and security concerns in OPEC-member Nigeria helped push the price… Read More »

Huawei Plans to Raise Prices of Phones Available Online Over Customs Duty Increase

Days after the government announced a 10 percent basic customs duty (BCD) on smartphone manufacturers as the Goods and Services Tax (GST) came into practice, Chinese smartphone manufacturer Huawei has said it will marginally hike prices of its smartphones available online. Speaking to IANS on the sidelines of the launch of Honor 8 Pro smartphone, Allen Wang, Director, Product Center, Huawei India Consumer Business… Read More »

British shop prices fall at slowest rate in three-and-a-half years – BRC

Prices in British shops showed the smallest annual decline in nearly three-and-a-half years last month, adding to signs of growing inflation pressure after the Brexit vote caused a fall in the value of the pound, a survey showed on Wednesday. Overall shop prices fell 0.5 percent after a 0.8 percent decline in March, the shallowest rate of deflation… Read More »

Yogurt firm warns on higher milk prices

Danone, the world’s largest yogurt maker, has said it expects a “steep rise” in milk prices this year. The French firm, which makes Activia and Actimel yogurts, said the increase would weigh on profits, but did not say if it would need to raise prices. Danone also said it was implementing cost cuts worth 1bn euros (£850m). Milk… Read More »

Oil extends losses as gasoline weighs down prices

Oil prices fell on Tuesday, pressured by sluggish demand and evidence of a burgeoning revival in U.S. shale production that could complicate efforts by OPEC and other producers to reduce a supply glut. Benchmark Brent crude LCOc1 was down 80 cents at $54.92 a barrel by 11:31 EST (1531 GMT). On Monday, the Brent futures contract closed down… Read More »

Australia predicts dramatic fall in iron ore prices

Shares in Australian mining companies have fallen after the government forecasted a dramatic decline in iron ore prices. The government forecast an iron ore price of $46.70 a tonne by 2018, almost half the current level of $80. The current price is supported by resurgent demand from China. But the Department of Industry, Innovation and Science said that… Read More »

Oil prices jump on new output deal

Oil prices have surged after oil producing countries that are not Opec members agreed to cut output. Brent crude jumped to $57.89 a barrel – the highest since July 2015 – before falling back to $56.55, although that was still a gain of 4.1% on the day. On Saturday, non-Opec countries agreed to cut their output by 558,000… Read More »

Oil prices fall as production creeps up ahead of announced 2017 output cut

Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. Brent crude futures were trading at $53.89 per barrel at 0132 GMT, down 57 cents, or… Read More »