Navneet Damani, AVP- Commodity research, Motilal Oswal Financial Services Ltd. (MOFSL) talks about the outlook of crude oil for the near term.
Gaurang Somaiya, Currency analyst, Motilal Oswal Financial Services Ltd. (MOFSL) talks about the outlook for rupee for this week.
New Delhi, Oct 29 (ANI): The fuel prices continued to witness a downfall on Monday with petrol and diesel now being sold at Rs 79.75 and Rs 73.85 per litre in the national capital. Petrol and diesel witnessed a decrease of 30 and 20 paise respectively in Delhi as compared to the rates on October 28. Meanwhile, in Mumbai, the fuel prices witnessed a marginal decline with petrol now being sold at Rs 85.24 per litre (decreased by 30 paise) and diesel is priced at Rs 77.40 per litre (decreased by 21 paise). Fuel prices had earlier witnessed a relentless hike in the country, burning a hole in the common commuter's pocket.
Gorakhpur (UP), Oct 23 (ANI): Terracotta craftsmen in Gorakhpur are making products for Diwali. The demand for terracotta products increases during the festival. These terracotta products include diyas and several other home decor products such as idols of God and Goddess, lantern, bullock cart, etc. The price of these products starts from Rs 5 to Rs 1,000. According to a craftsman, "We earn around Rs 1 Lakh annually. There's good business only during Diwali. There's a high demand for decorative pieces. If government provides us facilities, equipment, arrangement for clay, it'll be helpful".
New Delhi, Oct 23 (ANI): In what could bring respite to citizens, fuel prices witnessed reduction on Tuesday. In Delhi, petrol price was slashed by 10 paise to retail at Rs 81.34 per litre, while diesel is being sold 07 paise lower at Rs 74.85 per litre. Price of petrol has been reduced by 10 paise to retail at Rs 86.81 per litre, while diesel is being sold at Rs 78.46 per litre after a 08 paise cut in Mumbai. In Delhi, all 400 petrol pumps along with linked CNG dispensing units remained shut from 6 am on Monday till 6 am on Tuesday, in protest against Aam Aadmi Party-led Delhi government's refusal to reduce Value Added Tax (VAT) on diesel and petrol in the national capital.
New Delhi, Oct 16 (ANI): Global oil and gas giant British Petroleum (BP) Plc Group Chief Executive Bob Dudley said the speed of decision making was not good for Brand India and efforts to control retail pricing would not be beneficial for the sector in the long run.
New Delhi, Oct 14 (ANI): Fuel prices continue to burn holes in the pocket of common people, showing no sign of relief in the coming days. Fuel prices continued its upward trend on Sunday, with petrol being retailed at Rs 82.72 per litre and diesel at Rs 75.38 in the national capital. In Mumbai, the price of petrol has touched Rs 88.18 per litre and diesel costs Rs 79.02 per litre. Similar trends were witnessed in Chennai, where the prices of petrol and diesel reached Rs 85.99 per litre and Rs 79.71 per litre respectively. In Kolkata, petrol is being sold at Rs 84. 54 per litre, while diesel has reached Rs 77.23.A steep hike has been witnessed in the fuel prices since the past few months. The Opposition has repeatedly blamed the Union Government for not doing enough to keep a check on prices, while the latter has maintained that global crude oil prices and other international factors are causing a hike in prices of petroleum products.
New Delhi/Mumbai, Oct 13 (ANI): Fuel prices continued to soar in Delhi and Mumbai, with petrol and diesel rates being hiked. People in one voice urged Centre to take some action and cut fuel prices. Fuel prices have been witnessing a steep rise since the past few months. Petrol rates have been increased by 18 paise per litre, taking its price to Rs 82.66 per litre in Delhi while a litre of diesel is retailing at Rs 75.19 with a hike of 29 paise on Saturday. Skyrocketing prices of fuel are also continuing to burn holes in the pockets of common man in Mumbai, where petrol is retailing at Rs 88.12 per litre (increased by Rs 0.18) and diesel at Rs 78.82 per litre (increased by Rs 0.31).
New Delhi, Oct 13 (ANI): Social networking giant Facebook Inc. clarified that hackers accessed personal information of accounts of almost 30 million users. Earlier, Facebook had said that a security breach had affected the accounts of as many as 50 million people. In a statement, Facebook said that hackers accessed the name, contact details and other information of the accounts of 14 million people. It added that hackers also stole information in regard to name and contact details of the accounts of another 15 million people. This also included username, gender, locale/language, relationship status, religion, hometown, self-reported current city, birthdate, device types used to access Facebook, education, work, the last 10 places they checked into or were tagged in, website, people or pages they follow, and the 15 most recent searches.
Tokyo (Japan), Oct 11 (ANI): Working condition of healthcare industry workers in Japan has become major social issue, and in the midst of such problem "Paramount bed" Japan top medical bed manufacturer has been providing big support for health care workers in hospitals and nursing homes. This is large hospital in central Tokyo. Many patients visit this hospital every day. Professional staff is making the bed in patient's room. Staff is employee of "Paratechno" company of "Paramount Bed" medical bed manufacturing Company group. Paratechno staff is fully familiar with structure of the bed and how to use it. This special room in the hospital has concierge service."Paratechno" provides service that enables medical staff to engage in treatment smoothly and efficiently. "Paratechno" offers variety of service in addition to work support in hospitals. Like cleaning of beds, repair, maintenance of medical equipment and rehabilitation equipment, also it provides call center supports system for c
Mumbai, Oct 11 (ANI): Indian rupee hit an all-time low of 74.45 against the US dollar on Thursday. Market expert Sunil Shah reacted on the same and said that Dollar is getting stronger than other currencies instead of rupee becoming weaker. He added that Dollar is strengthening because of the federal policies and sale of Foreign Portfolio Investment (FPI) is making Dollar stronger. "Oil prices are also pushing rupee downwards," added Shah.
New Delhi, Oct 04 (ANI): Bringing a big relief to consumers, Finance Minister Arun Jaitley on Thursday announced that the government will cut fuel prices of petrol and diesel by Rs 2.50. He also said that the government can be in a situation to give relief when the domestic parameters of revenue are strong. Briefing the media, Jaitley said, "We are able to give relief to consumers only when the domestic parameters of revenue are strong. Today during our interministerial discussions we will decrease excise duty by Rs 1.50. The Centre will give relief of Rs 2.50 to consumers on petrol and diesel."
New Delhi, Oct 04 (ANI): ICICI Bank Chief Executive Officer (CEO) and Managing Director (MD) Chanda Kochhar has resigned on Thursday with immediate effect. She has been replaced by Sandeep Bakshi. He will serve as the new MD and CEO for five years. The board had accepted Kochhar's request for early retirement. An enquiry was pending against Kochhar regarding conflict of interests. The bank said the enquiry pending against her will remain unaffected by Kochhar's resignation. Sandeep Bakshi was in June appointed as the Chief Operating Officer (COO) of ICICI bank.
New Delhi, Oct 04 (ANI): Civil Aviation Secretary RN Choubey said that the recent trend of increasing fuel prices and devaluation of rupee against US Dollars have not affected the airfare significantly. "There is so much competition in aviation market, that airlines are absorbing the cost and the impact of fuel prices and devaluation has not impacted the airfare significantly so far", said Secretary Choubey while addressing a press conference.
New Delhi, Oct 01 (ANI): Fuel price across the country has hiked again, causing inconvenience to people. Adding on to the woes of the common man, the prices of Compressed Natural Gas (CNG) also hiked by Rs 1.70/kg and is now being sold at Rs 44.30/kg. Similarly, the subsidised Liquefied Petroleum Gas (LPG) cylinders will now cost Rs 502.4 per cylinder. The agitated commuters say that the rise in prices of petrol and diesel has left them with little to spend on other important items. They also said that LPG should come under Goods and Services Tax (GST).
New Delhi/Mumbai, Sep 30 (ANI): Fresh hike has been witnessed in the price of petrol and diesel on Sunday morning. In the national capital, petrol is being sold at Rs 83.49 per litre, with an increase of Rs 0.09 from Saturday. On the other hand, diesel is being retailed at Rs 74.79 per litre, with an increase by Rs 0.16. Meanwhile, in Mumbai, price of petrol has touched new height. Petrol and diesel are being sold at Rs 90.84 per litre, with an increase by Rs 0.09 and Rs 79.40 per litre with an increase by Rs 0.17, respectively. People all over the country are facing difficulties as fuel price has been witnessing a steep rise since past few weeks.
New Delhi, Sep 28 (ANI): Finance Minister Arun Jaitley on Friday said that Bihar benefitted by 27 per cent inflated taxation in 2015-16 as compared to the previous year. Speaking after attending the Goods and Services Tax (GST) Council meeting, he said,"Some states used to have special taxation in 2015-16. Apart from VAT, these taxes got subsumed because of which their 2015-16 were inflated. Bihar imposed additional VAT in 2015-16 when tax reduced due to the prohibition of alcohol. Bihar's taxation inflated by 27% as compared to the previous year. Bihar benefited from this aberration."
New Delhi/Mumbai, Sep 24 (ANI): In no respite to the citizens, fuel prices in the country touched new heights on Monday morning, especially in Mumbai, as the petrol price in the metropolitan city crossed Rs 90-run mark. In Mumbai, the petrol price has touched Rs 90.08 per litre, while diesel is being retailed at Rs 78.58 per litre. Meanwhile, the prices of petrol and diesel in New Delhi are Rs.82.72 per litre and Rs.74.02 per litre respectively. Keeping the people's suffering in mind, the West Bengal government on September 11 reduced the excise on petrol and diesel by Re 1 per litre each last week. Similarly, the Karnataka government had also announced that the petrol and diesel prices across the state would be cheaper by Rs 2 per litre each, following the reduction in cess on these fuels. As per India's pricing mechanism, the domestic fuel prices depend upon the international fuel prices on a 15-day average and the value of the Indian rupee. Fuel prices have been witnessing a steep r
New Delhi, Sep 24 (ANI): The Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) are closely monitoring recent developments in financial markets and are ready to take appropriate actions, if necessary, RBI's Chief General Manager, Jose J Kattoor, said on Sunday. The RBI notification comes in the wake of the recent volatility that has been observed in the financial markets. Over the past weeks, the Indian Rupee has seen value depreciation against the US dollar, which, in turn, has severely impacted financial market operations in the country. Even though the value of the rupee showed a slight improvement, the ruling government has been on the receiving end of flak from the Opposition and citizens who were hit by the volatility. On Friday, the BSE's Sensex plunged 279.62 points to close at 36,841.60, while Nifty closed at 11,143.10 points. Furthermore, sectoral indices closed in red for the fourth consecutive day, causing losses worth lakhs to investors. Mean
New Delhi/Mumbai, Sep 23 (ANI): Fuel prices saw a fresh hike on Sunday, providing no respite to consumers adversely affected by the continuous increase in the fuel prices. The prices of Petrol and Diesel in Delhi are Rs 82.61, an increase of 12 paise per litre and Rs 73.97 per litre, an increase of 10 paise, respectively. In Mumbai, Petrol and Diesel prices Rs 89.97 per litre Rs 78.53 per litre, respectively. Fuel prices have been witnessing a steep rise since the past few weeks. While the Opposition has blamed the union government for not doing enough to keep a check on prices, the latter has maintained that global crude oil prices and other international factors are causing a hike in prices of petroleum products.