Page 2 - Price Hike

Airtel, Jio, Vodafone Idea push for long-term recharges amid price hike

Leading telecom operators are targeting users with 365-day plans priced between Rs 2,545 and Rs 3,099 through aggressive in-app promotions

After Jio, Bharti Airtel announces up to 21% tariff hike from July 3

Reliance Jio and Airtel have hiked tariffs by 10% to 25% following a subdued response to the recent government spectrum auction

FMCG companies increase prices to maintain margins due to high input costs

Fast-moving consumer goods companies have increased prices by 2% to 9% on soaps and body washes, 8% to 11% on hair oils, and 3% to 17% on select food items

Karnataka BJP stages statewide demonstration against fuel price hike

The opposition BJP in Karnataka on Monday staged a statewide demonstration against the hike in petrol and diesel prices. The Karnataka government on Saturday hiked sales tax on fuel, which will make petrol and diesel costlier. Petrol prices have gone up by Rs 3 per litre and diesel by Rs 3.5 per litre. The agitation took place at all the district headquarters of the state. In Bengaluru, BJP state president B Y Vijayendra led the agitation. He said the protest has been organised against the anti-people stand of the Congress government in Karnataka. He charged that the hike in petrol and diesel prices will have a direct impact on all the sectors. Due to the five guarantees, the state government was in a big financial burden. As a result, lot of development work had come to a halt, he said. "The government realised that stopping the guarantees would result in public outrage. To continue these guarantees, the government did not have money, so it hiked the petrol and diesel prices,"

Price hike, capex moderation key for further gains in Bharti Airtel stock

Valuation is where analysts remain divided, given different assumptions on tariff hike quantum and on capex moderation

Bengaluru airport suspends entry fee for vehicles amid public outrage

Cabs and other commercial vehicles were subjected to an entry fee of Rs 150 for up to seven minutes, and after seven minutes, the fee would have increased to Rs 300

Nestle misses sales estimates after hiking prices across board in Q1

The maker of Maggi noodles, Nescafe coffee and KitKat chocolate wafer bars confirmed its 2024 guidance of organic sales growth of about 4 per cent

Govt committed to fulfilling pledge for farmers' welfare: PM on cane hike

Prime Minister Narendra Modi on Thursday underlined his government's commitment to fulfilling its pledge for the welfare of farmers, asserting that a "historic" hike in sugarcane's price is part of such efforts. This will benefit crores of sugarcane farmers, he said in a series of posts on X, highlighting several decisions taken by the Union Cabinet on Wednesday. The Cabinet meeting headed by Modi hiked the minimum price that mills have to pay to sugarcane growers by Rs 25 to Rs 340 per quintal for the 2024-25 season starting October. An official statement had said after the decision, "The new FRP will ensure prosperity of sugarcane farmers. It is noteworthy that India is already paying the highest price of sugarcane in the world and despite that the government is ensuring the world's cheapest sugar to domestic consumers." Reacting to other Cabinet decisions, he said the step taken by it relating to the National Livestock Mission will bring exciting opportunities for entrepreneurs

PepsiCo misses revenue estimates as multiple price hikes dent demand

PepsiCo and other retailers are now facing some resistance to the multiple price hikes undertaken since the pandemic to fend off higher costs caused by supply chain disruptions

Mehngaai-nomics: Kharge slams govt over price rise of essential commodities

Congress president Mallikarjun Kharge on Sunday hit out at the Centre over the rise in prices of essential commodities during the Modi government's tenure and wondered what kind of "developed India" is this. In a post on X, Kharge shared a video montage comparing the 2014 prices of essential items such as milk, onion, tomatoes, and sugar with their current prices to highlight inflation. "Mehngaai-nomics. What kind of 'viksit Bharat' is this'? Where the BJP has mastered looting," the Congress chief said in his post in Hindi. The Congress has been attacking the government over its handling of the economy and raising concerns over "increasing" unemployment and price rise.

M&M to hike prices of passenger, commercial vehicles from Jan 2024

Mahindra & Mahindra on Wednesday said it will hike prices of its passenger and commercial vehicle model range from January next year. This adjustment is in response to the rising costs due to inflation and increased commodity prices, the company said in a statement. The company has made efforts to absorb as much of these additional costs as possible. However, a portion of this increase will be passed on to customers, it added. The extent of the price increase will vary across different SUVs and commercial vehicles, the automaker stated.

Onion price today, November 1, 2023: Price surge in Delhi NCR, other states

The onion price spikes in Delhi NCR, the price is between Rs 70 to 80 per kg in the retail market. In other parts of the country, the price ranges between Rs 41 to 69 per kg

Food prices to remain stable during festival season, says food secretary

The government has recently used all tools at its command, whether trade policy or stock limit norms. These tools have been used judiciously to ensure prices remain stable, Chopra noted

Many families facing true hardships from unabated increase in prices: Cong

Hitting out at the government, the Congress on Friday said concerns on inflation continue to be serious and claimed that crores of families were facing "true hardships" from "unabated increase" in prices of essential commodities. Congress general secretary Jairam Ramesh's attack on the government came after the Reserve Bank of India on Friday decided to keep the policy rate unchanged for the fourth time in a row. In a post on X, Ramesh said, "The RBI has maintained the Repo Rate the interest rate it charges for borrowings by commercial banks from it at 6.5%. This simply means that concerns on inflation continue to be serious." "For 47 months, the Consumer Price Index(CPI) has remained well over the RBI's own medium-term target of 4%. In August 2023, the CPI stood at 6.83%," the Congress general secretary in-charge communications said. "This of course masks the true hardships being faced by crores upon crores of families from unabated increase in prices of essential commodities,"

Gas prices likely pushed up inflation in Aug, other costs probably slowed

A sharp increase in gas prices likely pushed inflation higher in August compared with a year ago, yet a measure excluding energy and food costs is expected to fall for the fifth straight month, suggesting that the Federal Reserve's interest rate hikes are still bringing down prices for many goods and services. The consumer price index is projected to have increased 3.6% last month from a year earlier, according to economists' forecasts compiled by data provider FactSet. The increase would be up from 3.2% in July, though still far below the peak of 9.1% in June 2022. Yet core prices, which exclude food and energy and are monitored closely by the Federal Reserve, are likely to cool to 4.3% in August from a year ago, down from a 4.7% annual pace in July. The Fed follows core prices because they can provide a better read on where inflation is headed. If the forecasts are accurate, such data will likely fuel optimism that inflation is coming under control, despite the rise in gas prices,

Afghan drivers criticise fuel price hike, call on Taliban to pay attention

"A lot of northern oil used to be imported to Kabul, now that Salang highway is closed, the imports have decreased," said Shafiq a fuel seller

At 36.1 mn hectares, India plants 4.3% more land with rice than last year

Higher rice planting in India, the world's second biggest producer of the grain, could alleviate concerns about supplies of the staple

Tomatoes highly perishable, price spike short-lived: RBI bulletin

Additionally, the bulletin highlighted that studies indicate that changes in wholesale prices have a relatively minor impact on the difference between wholesale and retail prices

People will not buy into hollow slogans of BJP: Kharge slams govt on prices

Congress president Mallikarjun Kharge on Wednesday hit out at the Modi government over rising prices and unemployment, saying that people will not buy into the "hollow slogans" of the BJP and will wipe it out of power this time. His attack came a day after the Congress slammed the Centre over rising prices of vegetables and other essential food items and demanded immediate steps from his government to address the issue. "Both inflation and unemployment are increasing continuously due to the loot of the Modi government. But the BJP is engrossed in the greed for power," Kharge alleged in a tweet in Hindi. The prices of vegetables are skyrocketing and the unemployment rate in the country has gone up to 8.45 per cent, he said. The unemployment rate in villages is 8.73 per cent and the demand for MGNREGA in villages is at its peak, but there is no work, Kharge said. The rural wage rate has come down, he added. "Narendra Modi ji, the people of the country know that before elections, yo

PM Modi 'Mehengaai Man', his govt must act to control rising prices: Cong

The Congress Tuesday attacked the Centre over rising prices of vegetables and other essential food items, calling Prime Minister Narendra Modi 'Mehengaai Man' and demanding immediate steps from his government to address the issue. The women's wing of the party also held a protest outside the BJP office here, demanding relief for people from rising inflation of essential food items. Congress spokesperson Supriya Shrinate told a press conference, where the party had kept a basket of tomatoes, garlic, ginger and green chillies, this could be a good gift option given that it costs over Rs 1,070 because of the rising inflation. Narrating the story of a "king" whose followers used to mislead people over rising prices, Shrinate said, "The king whose name is 'Mehengaai Man' is Narendra Modi." "Does the government care? Does the man who has brought the onslaught of rising prices care? Is the government taking any steps to reverse the situation, is the government doing anything possible with