Wheat prices have once again risen to Rs 2,500 per quintal in the past few weeks, notwithstanding the imposition of stock limits. As a result, traders and market players believe that the long-pending topic of reducing the import duty from 40 per cent to nil is back on the table. Some traders are… Continue reading As prices rise, wheat duty cut likely to come under the review again
Tag: prices
Surging gold prices take sheen off Indian jewellery maker Titan’s profit
By VarunVyas Hebbalalu India’s Tata Group-owned Titan Co reported a lower-than-expected quarterly profit on Wednesday as its mainstay jewellery segment was hurt due to surging gold prices, which pushed up costs and eroded margins. Titan, which owns the Tanishq jewellery brand, said its first-quarter profit fell more than 2% to 7.77 billion… Continue reading Surging gold prices take sheen off Indian jewellery maker Titan’s profit
Tomato prices may touch Rs 300/kg in coming days: Wholesale traders
Tomato prices are likely to touch Rs 300 per kilogram in the coming days and the prices of vegetables are also on the rise, according to wholesale traders. Kaushik, a member of Agricultural Produce Marketing Committee (APMC), said that vegetable wholesalers are facing losses as the sale of tomato, capsicum, and other seasonal… Continue reading Tomato prices may touch Rs 300/kg in coming days: Wholesale traders
Goodyear India’s Q1 profit rises as low rubber prices offsets weak demand
BENGALURU (Reuters) – Tyre manufacturer Goodyear India reported a higher quarterly profit as a drop in raw material prices helped make up for its first revenue fall in 12 quarters on low demand. The Indian unit of U.S.-based Goodyear Tire and Rubber Co said standalone profit rose 4% to 392.6 million rupees ($4.8… Continue reading Goodyear India’s Q1 profit rises as low rubber prices offsets weak demand
Tomato prices spike on tight supply, Mother Dairy selling at Rs 259/kg
Tomato prices have again hit the roof in the national capital with Mother Dairy selling the key kitchen staple at a whopping Rs 259 per kg on Wednesday via its Safal retail stores. Tomato prices have been under pressure for more than a month now on account of supply disruptions caused due to… Continue reading Tomato prices spike on tight supply, Mother Dairy selling at Rs 259/kg
Gold demand in India dips 7% YoY in June 2023 quarter as prices rise: WGC
The demand for gold in India dropped 7 per cent year-on-year to 158.1 tonne (170.7 tonne in the June 2022 quarter), said the World Gold Council (WGC) in a recent release. High gold prices, and a knee-jerk reaction to the ban on Rs 2,000 notes during the recently concluded quarter, WGC said, also dented… Continue reading Gold demand in India dips 7% YoY in June 2023 quarter as prices rise: WGC
Retail inflation for industrial workers rises in June due to higher prices
Retail inflation for industrial workers inched up to 5.57 per cent in June compared to 4.42 per cent in May this year, mainly due to higher prices of certain food items. “Year-on-year inflation for the month stood at 5.57 per cent compared to 4.42 per cent for the previous month (May) and 6.16… Continue reading Retail inflation for industrial workers rises in June due to higher prices
Petronet eyes lower prices under renewed long-term deal with Qatar
By Nidhi Verma NEW DELHI (Reuters) – India’s Petronet LNG hopes to extend its long-term gas import deal with Qatar at lower prices than those offered by the world’s top liquefied natural gas (LNG) exporter in recent deals with China and Bangladesh. Indications are that the deals have been done at a… Continue reading Petronet eyes lower prices under renewed long-term deal with Qatar
Gold, silver prices unchanged, yellow metal trading at Rs 60,380 per 10g
The price of 24-carat gold remained unchanged during Monday’s early trade, with ten grams of the precious metal selling at Rs 60,380 according to the GoodReturns website. Silver price also remained flat with 1 kg of the precious metal selling at Rs 77,000. The price of 22-carat gold remained unchanged and the yellow… Continue reading Gold, silver prices unchanged, yellow metal trading at Rs 60,380 per 10g