New Delhi, May 15 (IANS) The marginal Rs 3 per litre hike in petrol and diesel prices announced by the government is a mere drop in the bucket compared to the huge losses that the public sector oil companies are absorbing due to soaring global prices of crude oil, which have crossed $100 a barrel, a senior official said on Friday.The small increase reflects the Centre’s broader strategy of protecting consumers from the full impact of the global oil shock, the official said.Sources said petrol un…
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New Delhi, April 7 (IANS) Automobile firm Skoda Auto Volkswagen India Private Limited (SAVWIPL) on Tuesday announced the start of production of the updated Volkswagen Taigun at its Pune facility, strengthening its ‘Make in India, for India and the world’ strategy.According to the company, the updated Taigun features a refreshed design and enhanced premium features, while being tailored for Indian driving conditions. It continues to focus on European driving dynamics, comfort and safety stand…
New Delhi, March 27 (IANS) The government on Friday said retail pump prices of petrol and diesel will not change, and the excise reduction is not being passed on as a price cut at the pump.Instead, it directly reduces the under-recoveries being absorbed by public sector oil marketing companies (OMCs) — Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation — who have continued to supply fuel to Indian consumers at prices well below their cost of supply, the …
New Delhi, Jan 27 (IANS) The India-EU free trade agreement (FTA), together with the government’s recent FTAs with the UK and the European Free Trade Association (EFTA), effectively opens the entire European market for Indian exporters — marking a strategic breakthrough in India’s trade diplomacy, the Federation of Indian Export Organisations (FIEO) said on Tuesday.The EU agreement comprehensively covers trade in goods and services, rules of origin, customs facilitation, trade remedies, and …
New Delhi, Jan 7 (IANS) About 86 per cent of Indian consumers now consider gold and jewellery a preferred instrument for wealth creation, underscoring the category’s enduring “asset” role, nearly matching market-linked products such as mutual funds and stocks (87 per cent), a report showed on Wednesday.India’s jewellery market is undergoing a fundamental reset, as consumers increasingly view jewellery as an everyday expression of identity, lifestyle and value alongside its ceremonial hei…