An employee fills a car with petrol at a gas station in Jammu
State-run oil firms will raise petrol prices by Rs 3.14 a litre from Friday, local media said on Thursday, a move that will add pressure to stubbornly high inflation in India.
The increase comes after a record 5 rupee hike in May.
The companies will raise their prices at midnight, the reports said.
A worker adjusts the windscreen wipers of a parked car at a Maruti Suzuki stockyard near Ahmedabad
Maruti Suzuki, India's top car maker, will cease production on Friday due to unrest at its Suzuki-owned engine supplier, the company said in a statement, as an 18-day long standoff with striking workers brings its factories to a halt.
Production at Maruti's Manesar factory, where it makes its popular Swift model, has been severely hit since workers walked out on Aug. 29 after the firm demanded they sign a discipline agreement, claiming some had engaged in sabotage.
A passenger aircraft of Kingfisher Airlines is seen in Hyderabad
Kingfisher Airlines needs a capital infusion to remain viable, its auditors have said, pushing the carrier's shares to near historic lows on Thursday, amid fierce competition in a fast-growing airline sector with big expansion plans.
Loss-making Kingfisher, controlled by flamboyant liquor tycoon Vijay Mallya, disputed any question of its survival, but the airline has fallen short in its efforts to raise equity and early this year ceded a stake to its lenders as part of a debt reorganisation.
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