Medicine prices in India are set to go up by 1-2 per cent as the National Pharmaceutical Pricing Authority has decided to permit companies to factor in the rising packaging and processing costs into the retail price. The panel will notify the revised three costs -- for conversion, packaging and packing material -- shortly. The norms were finalised last week after a six-month-long analysis of the market.
Ashok Leyland is likely to increase prices of its commercial vehicles across all models by April 2010 to offset rising input costs.
Due to rising input costs, Tata Motors on Saturday raised prices of its passenger and commercial vehicles by Rs 3,000-30,000 with immediate effect.
The 2022-23 (FY23) January-March quarter performance of the country's largest listed paint companies was better than Street expectations. Asian Paints, Berger Paints, and Kansai Nerolac Paints (Kansai Nerolac) registered double-digit revenue growth, compared with the year-ago quarter, reinforced by strong volume/value growth. Falling raw material prices also helped the paint majors hoist their gross margins.
Promotional activity had seen some reversal in October, but it back in a big way across categories, especially in shampoos, soaps, skin care and detergents.
In a statement issued on Friday, India's largest car manufacturer said that 'due to sharp increase in the input costs and also introduction of BS-IV norms in some models, Maruti Suzuki India Ltd has decided to pass on part of this cost impact to customers.'
High lending rates, fuel prices, higher input costs and labour trouble impact profitability.
Gurgaon and Bengaluru saw price appreciation of 52 per cent and 46 per cent, respectively, during this period.
Company proposes to in-source manufacturing and build healthy portfolios of national and regional brands.
No longer a discretion of the tax administrator, the audit of returns filed by taxpayers is now based on a selection by algorithms, notes Tarun Bajaj.
Petrol and diesel prices were raised for the second day in a row on Wednesday as state-owned fuel retailers resumed daily rate revision after a more than two-week long hiatus during assembly elections in states like West Bengal. Petrol price was increase ford by 19 paise per litre and diesel by 21 paise a litre, according to a price notification of state-owned fuel retailers. Petrol in the national capital now costs Rs 90.74 a litre and diesel comes for Rs 81.12 per litre.
India sought global support for bringing down the cost of renewable power.
Rise in prices of essential inputs increases cost of producing cars, making them less affordable.
India's manufacturing sector activity strengthened in December, with manufacturers stepping up production and input buying amid efforts to rebuild their inventories following business closures earlier in the year, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) was at 56.4 in December, a tick higher than November's reading of 56.3 and above the critical 50 threshold for the fifth straight month. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.
The country's largest two-wheeler maker, Hero Honda, on Tuesday said it has increased the prices of its products by up to Rs 1,000 with immediate effect due to rising input costs.
Dabur India has been the worst performer in the fast-moving consumer goods (FMCG) space this year (CY23), posting a 1 per cent decline even as its peer index, the Nifty FMCG, has delivered returns of over 29 per cent in this period.
Army Vice Chief Sarath Chand said that India will continue to give a "befitting reply"
Despite a handsome performance by leading fast moving consumer goods (FMCG) companies in the June quarter, the road ahead appears full of hurdles.
The country's biggest carmaker Maruti Udyog Ltd on Monday hiked the prices of its vehicles across all models between Rs 1,500 and Rs 15,000.
RINL is among the few firms that had effected price hikes, both in the current month and in the previous one.
India's services sector activity expanded at the strongest pace in ten-and-a-half years in October, driven by a substantial upturn in business activity amid favourable demand conditions, a monthly survey said on Wednesday. Companies indicated that a notable pick-up in new business led to the fastest expansion in output in over a decade and as a result more jobs were created, even though business confidence remained subdued due to growing inflationary concerns. The seasonally adjusted India Services Business Activity Index rose from 55.2 in September to 58.4 in October, signalling the strongest rate of growth in ten-and-a-half years.
"We are waiting for any input from any quarter," Civil Aviation Secretary R N Choubey said, adding, "We have not received anything so far".
Indian companies are likely to keep raising salaries by about 15 per cent a year until 2011 as skills shortages overshadow concerns about higher input costs, according to Mercer, the consultancy.
A proposal to increase rail fare is under examination and a decision will be taken shortly, Railway Minister Mallikarjun Kharge said on Thursday.
Services sector activities improved further and touched a five-month high in April driven by a surge in incoming new work orders that boosted business activity and supported a renewed increase in employment, according to a survey. The seasonally adjusted S&P Global India Services PMI Business Activity Index jumped to 57.9 in April, from 53.6 in March, highlighting a sharp rate of expansion that was the fastest since last November amid mounting price pressures. For the ninth straight month, the services sector witnessed an expansion in output.
It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan's commercial flight connecting Kolkata and Jamshedpur, and release of Russi Lala's new book, Romance of Tata Steel. There was also the screening of The Spirit of Steel, a 20-minute documentary directed by Zafar Hai showcasing Tata Steel's legacy, and a corporate anthem penned by Javed Akhtar and composed by Shankar, Ehsaan and Loy.
The price of cooking gas piped to household kitchens in the national capital and adjoining cities was hiked by Rs 2.63 per unit on Friday, the second increase in rates in less than two weeks. Piped cooking gas in Delhi will now cost Rs 50.59 per standard cubic meter, as against Rs 47.96 previously, according to Indraprastha Gas Ltd - the firm that retails CNG to automobiles and piped cooking gas to households in the national capital and adjoining towns. The increase is to "partially offset the increase in input gas cost," IGL said in a tweet.
The suicide note also stated about "foul language" used by people associated with a cooperative society and threat by lenders (finance firms), a police officer said on Monday.
The sample size of 8,100 farmers across 19 states has not changed in the last three decades, and the methodology of the sample survey too remains unchanged
In 2012 the realty market is expected to consolidate.
As many as 70 restaurants in Mumbai have shut shop in the past six months, owing to spiralling costs, high taxes and a downturn in the economy.
Carriers' input costs are rising due to weak rupee and rising crude oil price.
The soaring prices of metals like lithium, nickel and cobalt, which are the primary constituents of the cell, as well as supply chain bottlenecks, are also pushing up the cost of batteries
Now, more than ever, is the time to run rigorous quality checks on stocks. Tests on debt, cost and cash levels will show a company's financial health.
Abhijit Roy says second price rise is due to be effective from June.
According to the Consumer Electronics and Appliances Manufacturers Association (CEAMA), the estimated Rs 35,000 crore (Rs 350 billion) Indian consumer durables market, which has giants like LG, Sony, Videocon, Samsung and Panasonic, did not grow as expected, with air-conditioners being the biggest spoilsport.
Hyundai Motor India will increase prices of its vehicles by up to Rs 20,000 across all models by February 1.
