Business and Economy

Friday, October 19, 2018Oil companies cut fuel prices

NEW DELHI: Petrol and diesel prices Thursday were reduced for the first time in over two months because of a drop in the cost of production, according to state-owned oil firms.

Petrol price was cut by 21 paise per litre and diesel by 11 paise, a price notification issued by state retailers said.

This is the first price cut arising from a drop in international oil prices.

The rates were r

 

Thursday, October 18, 2018Oil companies cut petrol, diesel prices

New Delhi, Oct 18: Petrol and diesel prices Thursday were reduced for the first time in over two months because of a drop in the cost of production, according to state-owned oil firms.

Petrol price was cut by 21 paise per litre and diesel by 11 paise, a price notification issued by state retailers said.

This is the first price cut arising from a drop in international oil prices.

The rate

 

Wednesday, October 17, 2018Markets open high on Wednesday

Mumbai, Oct 17: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.

The Sensex of the BSE opened at 35,543.38 points, touched a high of 35,605.43 and a low of 35,457.83, after closing at 35,162.48 points on Tuesday.

The Sensex is trading at 35,461.98 points up by 298.61 points or 0.85 per cent.

On the other hand, the broad

 

Monday, October 15, 2018Diesel price hiked again; wipes out Rs 2.5/ltr cut

New Delhi, Oct 15: Diesel price rose for the 10th consecutive day Monday to wipe out all of the Rs 2.50 per litre cut in rates announced earlier this month through excise duty cut and oil company subsidy.

The government had, with effect from October 5, cut excise duty on petrol and diesel by Rs 1.50 per litre and asked state-owned oil firms to subsidise the fuel by another Re 1 a litre.

How

 

Monday, October 15, 2018India's September wholesale inflation rises to 5.13%

New Delhi, Oct 15: India's annual rate of inflation based on wholesale prices increased to 5.13 per cent in September from a rise of 4.53 per cent in August, official data showed here on Monday.

Even, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry was higher than 3.14 per cent reported for the corresponding period of 2017.