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Rising input costs due to strengthening of the US dollar and increase in oil prices will make price hikes of consumer durable products inevitable from June, Godrej Appliances said.

Godrej may hike prices of fridge, washing machines by 2-3 per cent

The company expects a 20 per cent growth in refrigerators, led by new launches, and over 25 per cent growth in washing...

20 May 2018 4:17 PM IST

File image of a man counting cash at a petrol pump.

Petrol, diesel touch all time highs as oil companies hike rates

In India, petrol is the costliest in Mumbai where high local taxes has led a price of Rs 84.07 per litre.

20 May 2018 11:57 AM IST

Members of the Organisation of the Petroleum Exporting Countries (OPEC) are seeking a close balance between supply and demand, Khalid al-Falih said.

Saudi Arabia gives assurances on supply as oil hits USD 80 per barrel

Saudi Arabia said it would make sure the world is adequately supplied with oil to support global economic growth.

18 May 2018 12:33 PM IST

Philippines national carrier Philippines Airlines has appointed Bird Travels as its general sales agent.

Surging oil prices to hurt airlines' profits, says IATA

The aviation sector was likely to be at the peak of its profitability cycle after nine years of gains.

31 May 2018 4:44 PM IST

US oil shipments to China have surged, creating trade between the worlds two biggest powers that until 2016 just did not exist.

High oil prices may spoil party for BJP in 2019

In 2018, petrol price in Mumbai has already reached Rs 85.93 a litre on May 27.

28 May 2018 9:15 AM IST

Oil and Natural Gas Corp (ONGC) has become Indias first company to hold a meeting of its Board of Directors at high sea. (File Photo)

ONGC capital spending not impacted by oil price, says Moody's

Defying a global trend, India's flagship national oil company ONGC did not cut its capital spending.

17 May 2018 2:34 PM IST

US oil shipments to China have surged, creating trade between the worlds two biggest powers that until 2016 just did not exist.

Oil rises more than 1 pc as Saudi says production curbs could last...

US President Donald Trump signed a memorandum that could impose tariffs on up to $60 billion of imports from China.

23 March 2018 11:38 AM IST

India slipped to the sixth position globally in the business optimism index for the first quarter of this year.

Business sentiment weakest since 2014, says study

India slipped to the sixth position globally in the business optimism index.

9 May 2018 11:32 AM IST

Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

Crude oil rises to fresh highs

Venezuelan crisis, possible imposition of new sanctions on Iran weigh big on minds.

8 May 2018 1:25 AM IST

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.

Higher oil, GST may boost states revenue by Rs 37,400 cr in FY 2019

The tax revenue of the states has gone up in FY18 due to increased tax compliance and broader tax base.

15 Jun 2018 4:18 PM IST

The industrial growth measured by the Index of Industrial Production (IIP) for 2017-18 too decelerated to 4.3 per cent from 4.6 per cent in the previous fiscal. The IIP had grown by 4.4 per cent in March 2017.

Economy: Good and bad news

Some relief may come if there's a normal monsoon, but oil prices, dependent on the whims of oil producing countries,...

14 Jun 2018 2:16 AM IST

Thats a 28 per cent gain in two years, putting the US close to becoming the worlds biggest crude producer, edging nearer to the 11 million bpd churned out by Russia.

Oil edges up on cautious optimism over Trump, Kim summit

Brent crude futures were trading at $76.56 per barrel at 0201, up 10 cents from their last close.

12 Jun 2018 8:51 AM IST