India's overwhelming dependence on imported energy will remain a significant weakness.
Abolition of import duty on naphtha under the government's stimulus package has come as a much-awaited breather for power projects running on dual-fuel.
The Bombay Stock Exchange benchmark Sensex has declined 17 per cent in this calendar year and has underperformed the US and European markets.
India's rupee is likely to remain under pressure due to high prices of crude oil and other commodities, and may stabilise at around 79-80 against the US dollar in the near term, say experts amid limited headroom available with the Reserve Bank to check the weakening of the domestic currency. The currency has slumped over 5 per cent this year after Russia's invasion of Ukraine sent international crude oil prices soaring to a decade high. On Monday, rupee ended at a fresh all-time low of 78.34 (provisional) against the US dollar.
Monthly and seasonal suburban railway tickets purchased through digital mode will get 0.5 per cent discount from January 1
The manufacturer has dropped the bells and whistles to bring down the cost. The SUV, at heart, is the same and offers brilliant performance.
The US-based embedded systems major, TriozTech, in collaboration with the Kongu Engineering College of Perundurai, Erode distict (Tamil Nadu), will develop cheaper engine control systems for electric scooters.
The gold prices on Tuesday dipped as low as Rs 11,000 per 10 gram, down nearly one-fifth from this year's high of Rs 13,650 scaled nearly a month-ago on July 15. The price has come close to its level seen during the Diwali season last year, when it stood at near Rs 10,500 per 10 gram. This year, Diwali falls on October 28.
'If you want to change everything all of a sudden to polyester, then the production of khadi flags will come under trouble.'
'The government will carefully regulate and monitor the Digital Rupee, and because the currency is supposed to be tied to INR or supported by reserves, we should expect little fluctuation in pricing.'
Ever since the Insurance Regulatory and Development Authority (Irda) allowed motor insurance companies to decide premiums in December 2007, car insurance premiums have fallen sharply. The focus, it seems, is clearly on garnering more retail customers.For instance, in March 2007, the premium for a Honda City was Rs 20,760 in Mumbai. But this year it has fallen to Rs 15,770 - a difference of Rs 4,990.
'I have to treat patients and there they don't like Indians.' 'The patients don't like me, they are not going to come to me, then what is the point of studying there?'
Mobile phones prices have crashed between 25 per cent and 40 per cent in the last one year, but spare parts remain more or less where they were. Privately, several mobile handset makers said that they prefer to keep the prices of spare parts and batteries high so that customers go for new handsets. In other words, it is a carefully crafted strategy to push handset sales.
In a move aimed at checking the revenue loss stemming from Indian shoppers purchasing luxury brands abroad, the government on Friday said it could rationalise import duties."India has high tariffs and we recognise that if you go abroad and buy, then it is a revenue loss for India. So we are working on both duties and countervailing duties," Union Commerce Minister Kamal Nath said.
Insurance against terror will command a lower premium starting next fiscal, as the pool created in this respect has accumulated a large sum and received less claims.General insurers have agreed to cut down the premium charges for the Market Terrorism Risk Insurance Pool to up to 0.003 per cent of the sum insured for various categories of properties.
The race among Indian automobile manufacturers to make cheap cars, initiated by Tata's Nano will further create pollution, road congestion, global warming and health problems, says a new book.
Small-cap stocks raked in big gains in fiscal 2021-22 by giving up to 36.64 per cent returns, outshining the bigger benchmark gauge and experts believe that they may continue to outperform in FY23. Markets faced many headwinds in the latter part of the last fiscal with the emergence of geopolitical tension, inflation concerns and FII selling. Analysts said that the first half of the last fiscal was very good, while the market entered into consolidation in the second half, combined with high volatility.
The DTH industry in India is likely to witness a price cut in its services in near future, with the government proposing a cut customs duty to zero per cent from the existing 7.5 per cent on specified parts of set top boxes.
Excise duty reductions will help lower prices and stimulate demand for 2&3 wheelers and small cars
When Life Insurance Corporation (LIC) of India gets listed on the bourses next month, it will be among the biggest listed life insurers globally in terms of market capitalisation (m-cap), assets, and revenue, but will also be among the least profitable and capitalised among its peer group. A big gap between LIC's m-cap, profits, and networth (shareholder capital) will make it one of the priciest insurers globally, in terms of price-to-earnings (P/E) multiple and price-to-book value (P/B) ratio. LIC also lags behind its Indian listed peers in terms of profit and networth.
Market experts predict that the equity markets are likely to remain volatile for the rest of the year.
The National Pharmaceutical Pricing Authority (NPPA) on Thursday said it has increased prices of 62 drugs, which are mainly based on indigenously manufactured insulin, giving a filip to domestic firms.
Inflation based on the Wholesale Price Index (WPI) stood at 6.84 per cent in February. In March, 2012, it was 7.69 per cent.
India has capped the prices of 36 drugs, including those used to treat infections and diabetes, in its latest move to make essential medicines more affordable, a senior official of the country's drug pricing authority told Reuters on Friday.
Defence Minister Rajnath Singh said on Tuesday that India cannot remain dependent on other countries for its defence and that the indigenously developed Tejas was better than its foreign equivalents on several parameters and also comparatively cheaper.
The Reserve Bank of India (RBI) has slashed the repo rate by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect.
Sidhu said there would be no need for Amarinder to go for power cuts or to regulate the office timings if the state acts "in the right direction".
Telecom subscribers in the country can now make intra-state call at the rate of a local call, with the state-owned telecom company Bharat Sanchar Nigam (BSNL) extending its group-dialing facility to private operators. Group dialing facility enables local dialing within a state by pre-fixing `95' to the receiver's number.
SBI reduced interest rates on new home, car, truck and farm equipment loans by 50 to 200 basis points from October 8 as a special offer up to December 31 this year. ICICI Bank has lowered interest rates on floating rate home loans by 50 basis points to 11 per cent and on other retail loans by 25-50 basis points.
While the finance minister made the tax payers slightly happy by raising the individual tax exemption limit to Rs 300,000, he made many others unhappy.
Will the low cost Israeli Athos gun scuttle India's ATAGS gun?
Depending on the location of theatre in the states, the movie-goers pay anywhere between 40 to 100 per cent tax on a ticket, making India a "highest entertainment taxed" country in the world.
Existing and new customers will find it easier to manage or raise loans as banks start cutting rates.
A Dubai trip plus Apple iPhone 12 is cheaper than buying the phone in India. Various models of the iPhone 12 Pro and Max are cheaper in Dubai by up to Rs 35,000 owing to higher GST, Customs duty in India.
Pakistani cotton scene is turning out to be interesting with domestic producers offering the commodity at rates lower than the international prices.
Insurers have introduced new profiling parameters such as marital status, income and even ownership of flat.
According to market analysts, Pakistani cotton is available to the international and domestic buyers with a difference of 10 cents per pound to the global price.
Sales of total electric vehicles in India are expected to be around 10 lakh units this year, equal to what was sold collectively in the last 15 years, mainly riding on the good traction witnessed by electric two-wheelers, Society of Manufacturers of Electric Vehicles (SMEV) said on Thursday. In 2021, the sales of electric two-wheelers (E2Ws) in the country jumped over two-fold at 233,971 units driven by a good traction of high-speed scooters as compared to 100,736 units in 2020, SMEV said in a statement. "We haven't seen better days than the last few months in the entire EV journey.
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