‘Kanda Trains’ to help ease onion prices before Diwali
The government plans to stabilize onion prices by releasing 91,960 tonnes from buffer stocks via rail to key consumption centers and e-commerce platforms, selling at Rs 35/kg. This intervention aims to address the spike in vegetable prices, with onion prices nearing Rs 100/kg in retail markets. Key Points
Economic TimesRelief on the way! Tomato prices in Delhi may drop as Maharashtra supply increases
Tomato prices in Delhi-NCR have exceeded Rs 100 per kg due to supply disruptions from Karnataka and Andhra Pradesh. The government is intervening through the NCCF to sell tomatoes at Rs 65 per kg and anticipates stabilization as supplies from Maharashtra increase. Key Points
Economic TimesOil prices rise after US interest rate cut
By Colleen Howe BEIJING (Reuters) -Oil prices rose on Thursday after a large interest rate cut from the U.S. Federal Reserve, but concerns over global demand lingered and capped gains. Brent crude Key Points
ThePrintIndia's weekly vegetable spending up in the past few weeks, says survey
Rising vegetable prices due to various factors like the heatwave and monsoon challenges have led to increased consumer spending. Authorities are urged to step in to address the situation and stabilize prices for households across the country. Key Points
Economic TimesOnion prices on the boil as arrivals slow, demand picks up
The average wholesale price of onions at the Lasalgaon mandi in Nashik on Monday was Rs 26 a kg, compared with Rs 17 on May 25. The price of best-quality onions, whose share in the total traded volume is small, has crossed Rs 30 a kg at many wholesale markets in the state. Key Points
Economic Times
India does not need the double whammy of weak rupee and high oil prices at this juncture: Vandana Hari
Vandana Hari explains the risk premiums and speculative factors driving oil prices up, emphasizing $70-75 as a comfortable range for India. It is far more comfortable for India than $80 or more. She cautions against the negative impact of a weak rupee and high oil prices on the Indian economy's growth. Key Points
Economic TimesOh dear! The bill for your dinner date just went up. Blame it on pricey cocoa, coffee, palm oil & sugar
The cost of dining out and ordering in restaurants is rising, with bills potentially rising 5-8% starting this month. This is the first increase in about 1.5 years, as prices of cocoa, coffee, palm oil, and sugar have surged over the past quarter. Cocoa prices have reached a record, reaching over $10,000 per tonne, following disappointing harvests in key producing countries such as Ghana and Ivory Coast. Cocoa prices have doubled in the January-March quarter from the preceding one, and cocoa butter has risen over 150% in just one year. Key Points
Economic TimesGold surges by Rs 1,070 to all-time high of Rs 68,420 per 10 grams in Delhi
Gold prices surged by Rs 1,070 to hit an all-time high of Rs 68,420 per 10 grams in the national capital on Monday amid a rally in the precious metal in global markets, according to HDFC Securities. The precious metal had closed at Rs 67,350 per 10 grams in the previous trade. Key Points
Economic TimesLPG Price Cut: prices of 19-kg commercial, 5 kg FTL cylinders cut ahead of Lok Sabha elections; check new
LPG price cut: The price of a 19 kg commercial cylinder has been decreased by Rs 30.50, with the new price set at Rs 1764.50 in Delhi starting from April 1. Similarly, the price of the 5 kg FTL cylinder has been lowered by Rs 7.50, reported ANI, citing sources. Key Points
Economic TimesWhy Gasoline prices Are Rising Faster Than Usual This Year
Fuel costs are once again driving inflation. Don’t panic. Key Points
mint
India extends ban on onion exports indefinitely ahead of general election
India has extended its ban on onion exports indefinitely, a move that comes ahead of a general election and is expected to exacerbate high prices in some overseas markets. The ban, imposed in December, was due to expire on March 31. Traders had anticipated it would be lifted, but the government issued an order late on Friday. India, the world's biggest onion exporter, accounts for more than half of all onion imports by Asian countries. Key Points
Economic TimesOil falls on weaker US gasoline demand, Gaza ceasefire hopes
By Laura Sanicola (Reuters) -Oil prices fell on Thursday, pressured by weaker U.S. gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza. Brent crude Key Points
ThePrintOil settles lower on weaker US gasoline demand, Gaza ceasefire hopes
By Laura Sanicola (Reuters) -Oil prices settled slightly lower on Thursday, pressured by weaker U.S. gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Key Points
ThePrintAn emerging headwind may provide opportunity for long-term investor; 5 Logistics companies with an upside
When it comes to investing based on sectoral trends, it is important to keep eyes both on the tailwinds and headwinds. Why headwinds, because they sometimes end up providing opportunities for investors with long term perspective. Especially in times like today when bears are seen more often on the street. In the last two days there has been chatter that oil prices may further strengthen upward. While rising oil prices is a headache for the whole of the Indian economy, the fact is it has the highest co-relationship with a sector like logistics, where change at the pump level prices hit the margins very next day. Will the oil prices rise further in the months to come because if they are moving upward in the summer season where the demand is normally lower, then is it an indication that in winters things might even be higher? Whether the oil prices actually shoot up or not, it would become much later but one set of companies which will get impacted by narrative would be logistic companies. So, when the narrative makes them hit, should they be looked at with a long term investment perspective is the question which needs to be answered. Key Points
Economic TimesMonetary policy must remain in risk-minimisation mode: RBI Bulletin
India's Consumer Price Index inflation was at 5.09% in February, largely unchanged from 5.10% a month ago. The RBI's target for the price gauge is 4%, with a latitude of 2 percentage points in either direction. Key Points
Economic Times
OMC, tyre, paint, among other stocks in focus on March 15 after govt lifts 2-year long freeze on petrol, diesel prices
With effect from Friday, March 15, prices of petrol and diesel will be reduced by ₹2 per litre across all states. The fuel price reduction comes one week after cooking gas or LPG prices were slashed by ₹100 per cylinder. Key Points
mintPetrol, diesel prices cut by ₹2/litre ahead of elections
With the revision in prices, petrol will be sold at ₹94.72 per litre in the national capital, against the current price of ₹96.72. Key Points
mintprices of 800 essential drugs to increase a tad from April 1
After massive annual increases of 12% and 10% in prices on record last year and in 2022, this will be a meagre increase for the pharma industry. The adjusted prices will cover more than 800 drugs on the National List of Essential Medicines. Price changes for scheduled drugs are allowed once a year. Key Points
Economic TimesFebruary retail inflation seen at 5.08%: Mint poll
Among economists polled by Mint, projections ranged from 4.90% to 5.50%, with only three of them expecting inflation to rise from the previous month. Key Points
mintVeg thali becomes cheaper in February; non-veg thali prices rise
In February, the cost of home-cooked vegetarian meals decreased by 2% to Rs 27.5, attributed to a 14% drop in onion prices and a 3% decrease in potato prices. However, non-veg thali prices rose to Rs 54 due to a 10% increase in broiler prices amid lower supply due to bird flu in Andhra Pradesh. Key Points
Economic Times
Housing prices hike 61% in this Delhi-NCR area, 42% in Hyderabad in a year; how much return can you get fr
All eight cities — Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), and Pune saw an increase in housing prices in Q4. The current state of real estate is the most productive when sales, supply, and prices are growing, and the price rise is not speculative. These factors work in harmony in a balanced and healthy real estate market.”, said Pankaj Kapoor, Managing Director, Liases Foras. Check how much housing prices have increased in your city in last one year. Key Points
Economic TimesGold rises Rs 150; silver declines Rs 400
New Delhi, Mar 6 (PTI) Gold prices on Wednesday rose by Rs 150 to Rs 65,150 per 10 grams in the national capital amid strong global cues, according to HDFC Securities. Extending gains for the second straight day, the precious metal touched a fresh lifetime of Rs 65,150 per 10 grams. In the previous trade, […] Key Points
ThePrintIndia's home prices expected to increase by 7% over the next two years; here’s what experts have to say
India Business News: A 7% increase is likely in the average home prices in India for the current year and the following year. This surge will be primarily driven by the demand for luxury properties, as the supply of affordable housing continues to fall short of the growing demand, states a Reuters survey. Key Points
Times Of IndiaGold remains flat at Rs 64,200 per 10/grams; silver declines Rs 200
New Delhi, Mar 4 (PTI) Gold prices remained flat at Rs 64,200 per 10 grams in the national capital on Monday in line with firm global trends, according to HDFC Securities. However, silver prices plunged Rs 200 to Rs 73,800 per kg, while it had ended at Rs 74,000 per kg in the previous trade. […] Key Points
ThePrintOil rises almost 2% as markets await OPEC+ decision
By Robert Harvey LONDON (Reuters) -Oil prices rose on Friday and were set for weekly gains as markets awaited an OPEC+ decision on supply agreements for the second quarter while weighing fresh U.S., Key Points
ThePrint
Centre hikes commercial LPG & ATF prices; check latest prices here
From March 1, 2024, the prices of 19 Kg commercial LPG gas cylinders increased by Rs 25 in major metros. In Delhi, the new price is Rs 1795, Mumbai Rs 1,749, Kolkata Rs 1,911, and Chennai Rs 1,960.50. Aviation turbine fuel (ATF) prices for domestic airlines also rose, reaching Rs 1,01,397/Kl in Delhi, Rs 1,10,297/Kl in Kolkata, Rs 94,809/Kl in Mumbai, and Rs 1,05,399/Kl in Chennai. IOC, BPCL, and HPCL, adjust these prices monthly based on the preceding month's international averages. Key Points
Economic TimesIndia's wholesale price index falls below zero for the first time in 3 years in April
WPI fell by 0.92% from the same month a year earlier, having risen 1.34% in March. Key Points
ThePrintPaytm share tanks 10%, closes at Rs 380
New Delhi: Shares of One97 Communications, which owns the brand Paytm, tanked 10% on the exchanges on Tuesday after RBI ruled out any review of the... Key Points
The Tribune IndiaOil cos losing close to Rs 3 a litre on diesel, profit on petrol down
Indian state-owned fuel retailers, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), are reportedly losing nearly Rs 3 per liter on diesel, with reduced profit margins on petrol due to international oil price fluctuations. Despite a record Rs 69,000 crore profit in the first nine months of the fiscal year, the companies have not revised fuel prices for almost two years, citing market volatility and previous unrecouped losses. Key Points
Economic TimesThali prices ease in January as onions and tomato prices decline: Crisil
A Crisil report suggests potential relief in consumer prices as onion and tomato prices decreased in January. The decline, driven by increased domestic supply of onions amid export restrictions and fresh tomato arrivals from northern and eastern states, contributed to easing veg thali costs. Home-cooked non-veg thali expenses decreased due to a 26% year-on-year drop in broiler prices. Key Points
Economic Times
Are you planning to buy a smartphone? You may prefer getting it before June; here's why
The price of memory chips in India could rise by 10-15% by late February or early March, but recent tax cuts may help offset the impact. Brands may also start offering lower memory and storage in budget smartphones. Key Points
mintOnion & Potato prices crash, but garlic is at Rs 500/kg
A team of top central government officials is currently on a visit to the onion growing regions of Maharashtra to assess the ground situation, an official said. "The visit is for our internal purpose," said the official, asking not to be named. Key Points
The Economic TimesStocks, dollar slip ahead of Fed decision on rates
By Herbert Lash and Tom Wilson NEW YORK/LONDON (Reuters) -World shares slipped on Wednesday, pulled lower by a slide on Wall Street, while Treasury prices rose as investors deemed the U.S. economy was Key Points
ThePrintBudget 2024: When Suniel Shetty raised concern about tomato prices
The budget for 2024 will be announced on Thursday. Ahead of that, here’s looking back at when actor Suniel opened up about the effects of inflation. | Bollywood Key Points
Hindustan TimesIkea to cut prices, widen online presence in India
India Business News: Ikea plans to cut prices in India due to lower inputs costs. The company's parent company, Ingka Group, is making efforts to lower prices globally. Ik Key Points
Times Of India
Rise in global steel price will reflect in India and partly offset rising costs in Q4: Jayant Acharya, JSW
Jayant Acharya, Jt MD & CEO of JSW Steel, discusses the impact of elevated raw material prices on margins and the increase in steel prices globally. He highlights the drop in standalone volumes due to lower exports and muted domestic sales. However, sales to institutional customers and industrial sectors have reached all-time highs. Acharya expects global steel price improvement to reflect in India, reducing imports and encouraging more exports. Key Points
Economic TimesOil jumps over 2% on US economic activity, Red Sea tensions
By Nicole Jao NEW YORK (Reuters) -Oil prices rose on Thursday to highest since early December after U.S. economic data showed faster-than-expected growth in the last quarter and as tensions in the Red Key Points
ThePrintOil rises nearly 2% on US economic activity, Red Sea tensions
By Nicole Jao NEW YORK (Reuters) - Oil prices rose on Thursday after U.S. economic data showed faster-than-expected growth in the last quarter and as tensions in the Red Sea continued to disrupt Key Points
ThePrintBrent below $80/bbl, is the time ripe for Modi govt to cut fuel prices before elections?
Amid Brent Crude's drop below $80 per barrel, India's Modi government may consider a fuel price reduction before upcoming general elections, aiming to ease the financial burden on consumers. The Bharatiya Janata Party, eyeing a third consecutive term, may leverage the recent decline in oil prices to address living costs, benefiting from state-run oil marketing companies' increased margins. Key Points
Economic TimesGovt asks companies to cut cooking oil prices
However, industry executives said there is little scope for an immediate reduction in prices. Industry executives said a reduction in retail prices may not be possible till March, when mustard crop harvest begins. Key Points
Economic TimesGold rises Rs 100; silver jumps Rs 200
New Delhi, Jan 23 (PTI) Gold prices increased Rs 100 to Rs 63,250 per 10 grams in the national capital on Tuesday amid a jump in precious metal prices globally, according to HDFC Securities. In the previous session, the yellow metal had settled at Rs 63,150 per 10 grams. Silver also rose Rs 200 to […] Key Points
ThePrintOil drops on stronger dollar, warmer weather forecasts
By Shariq Khan NEW YORK (Reuters) -Oil prices edged lower on Tuesday as cooling expectations of interest rate cuts pushed the dollar to a one-month high and forecasters predicted weather in U.S. Key Points
ThePrintMaruti Suzuki announces price hike across models to offset inflation
Maruti Suzuki has announced a 0.45% price hike across its models due to increased cost pressure from inflation and increased commodity prices. The hike will take effect from January 16, 2024. The weighted average increase across models is around 0.45%. Other automakers, including Tata Motors, Mahindra & Mahindra, Honda Cars India, and luxury car dealer Audi, have also hiked prices this month Key Points
Economic TimesPaddy, pulses push wholesale inflation to 9-month high in Dec
The wholesale price index (WPI)-based inflation rose to a nine-month high of 0.73% in December 2023, mainly due to a sharp rise in food... Key Points
The Tribune IndiaGold rallies on Middle East tensions, Fed rate-cut bets
By Anushree Ashish Mukherjee (Reuters) - Gold prices scaled a one-week peak on Friday as an escalation in the Middle East conflict fuelled safe-haven buying, while softer U.S. producer price inflation Key Points
ThePrintOil rises after strikes on Houthis; US yields fall following PPI
By Caroline Valetkevitch NEW YORK (Reuters) -Oil prices gained on Friday as some oil tankers diverted course from the Red Sea after overnight strikes by the U.S. and Britain on Houthi targets in Yemen Key Points
ThePrintOil gains after US, UK strike on Houthis; U.S. yields ease after PPI
By Caroline Valetkevitch NEW YORK (Reuters) -Oil prices jumped more than 2% as some oil tankers diverted course from the Red Sea after overnight strikes by the U.S. and Britain on Houthi targets in Key Points
ThePrintIndiGo removes fuel charges following reduction in ATF prices
IndiGo has removed the fuel charge from its fares in response to the recent reduction in Aviation Turbine Fuel (ATF) prices. The fuel charge was introduced in October 2023 due to a surge in ATF prices. IndiGo stated that, given the dynamic nature of ATF prices, they will continue to adjust fares accordingly. Key Points
Economic TimesIndia plays catch-up as Vietnam rates rally to highest since 2008
Prices of parboiled rice from leading exporters, including Vietnam and India, rose due to limited supplies. Vietnamese 5% broken rice reached its highest level since July 2008, at $660 to $665 per metric ton. India's 5% broken parboiled variety saw prices at $505 to $512 per metric ton, the highest in two months. Key Points
Economic TimesOutlook 2024: How equities, gold and crude oil will perform next year
In 2023, the Indian market achieved historic milestones despite facing multiple challenges. Brokerage house Kotak Securities has come out with outlook for equities, gold and crude oil for the upcoming year. Key Points
mint
Curry mix adds some spice to inflation: Impact on retail prices expected
Spices inflation has remained above 22% since July, and economists said it could add another 0.6 percentage point to retail inflation between December and March as prices are unlikely to ease until the next harvest. Key Points
Economic TimesProperty prices hiked by 5.9% in Q3 in India, second-highest growth in Asia
With this robust growth in the last year, India climbed 18 spots to 14th rank in the index. Average annual price growth stood at 3.5%, according to Knight Frank Global House Price Index – Q3 2023. Several factors contributed to the rise in property prices including a pent-up demand, a desire to upgrade, and a willingness to spend more for better and modern amenities. Key Points
Economic TimesWholesale price index returns to inflation after seven months
The Wholesale price index registered a 0.26% increase in November, compared with 0.5% deflation in October, according to data released Thursday. Experts indicate that while wholesale inflation will likely remain positive, it will stay below 2% for the remainder of the year as energy and manufacturing costs remain contained. Key Points
Economic TimesIndia's wholesale prices in November rise 0.26%; rebounds from negative territory after seven months
India's wholesale inflation increased to 0.26 per cent in November as against a contraction of 0.52 per cent in October, the government data showed on Thursday. Key Points
Economic Timesprices of onion, wheat and pulses fall on fear of government action
Wheat prices have declined by 15% in the last four days after the central government tightened the stock holding limit on traders and processors. Likewise, the wholesale prices of onion at the benchmark Lasalgaon APMC in Maharashtra have crashed by 15-20% after the Centre banned onion export on December 8 and the decision to allow duty-free import of yellow peas has led to a fall in prices of all the pulses. Key Points
Economic Times