Cut

The reduction in jet fuel prices is too insignificant to pass on in view of continued high demand in the domestic market.

Ikea cuts prices on select articles by 16-39% in India

The price cuts have been done courtesy of improvements in the overall sourcing, design, product development, packaging and volumes, Ikea India's chief executive and chief sustainability officer Susanne Pulverer told PTI.

Adani says $2.5 billion FPO 'as per schedule' after report says bankers considering delay, price cut

"There is no change in either the schedule or the issue price. All our stakeholders including bankers and investors have full faith in the FPO. We are extremely confident about the success of the FPO," Adani Enterprises said.

New Pakistan finance minister vows to tame inflation and cut interest rates

In his fourth time in the job, the chartered accountant is facing a balance of payment crisis, foreign reserves that cover barely a month's imports, historic lows in the rupee, inflation exceeding 27% and the aftermath of devastating floods.

Lights out early for Eiffel Tower as Paris saves energy

The measures are aimed at meeting President Emmanuel Macron's goal that industry, households, and municipal authorities reduce their energy consumption by 10% in response to Russia's cut to gas supplies and spiralling energy prices.

Karnataka govt slashes stamp duty charges to 3%; Maharashtra announces 1% stamp duty cut for women homebuyers

Real estate experts welcomed the move, saying it would encourage women buyers in Maharashtra to come forward and purchase property and provide an impetus to affordable housing in Karnataka.

RBI repo rate cut set to provide major fillip to real estate

Real estate and banking experts anticipate the home loan interest rate to hover around 8 percent once the banks decide to pass on the benefit to consumers.

ATF price cut by 5%; subsidised LPG hiked by Rs 5.5

Aviation turbine fuel (ATF) price has been cut by over 5 per cent, reversing a two-month rising trend, while rates of subsidised LPG were hiked by Rs 5.57 per cylinder.

China to cut five lakh jobs in coal, steel sector

China today said it will cut five lakh jobs from steel, coal and other heavy industries to reduce excess production capacity amid slowdown of the world's second largest economy.

RBI's policy decision slightly negative for India equities,INR

The Reserve Bank's decision not to cut key policy rates is slightly negative for Indian equities and rupee in the near term, says a Nomura report.

Govt may announce incentives for gems & jewellery in Budget

The government is expected to announce steps like cut in the gold import duty and incentives to set up gems and jewellery parks in the next Budget to promote growth of the industry.

Post-demonetisation, IMF cuts India's growth to 6.6%

The IMF today cut India's growth rate for the current fiscal year to 6.6 percent from its previous estimate of 7.6 percent due to the "temporary negative consumption shock" of demonetisation, days after the World Bank also decelerated India's growth estimates.

Axis Bank cuts MCLR by up to 70 bps

Country's third biggest private sector lender Axis Bank today cut its interest offering by up to 0.70 percent, following similar moves by all the major players in the system due to high liquidity post demonetisation.

Reserve Bank unlikely to cut key rate in February: Report

Reserve Bank is unlikely to cut repo rate in the February review meeting due to the prevailing global uncertainties and it's stance may continue to be accommodative next year as inflation is expected to remain benign, according to a report.

Boeing airplane unit to cut more jobs in 2017

Boeing Co's commercial airplane unit said on Monday it would cut an as-yet undetermined number of jobs in 2017 after slashing its workforce by 8 percent in 2016, as it struggles to sell planes in the face of a strong dollar.

RBI cuts rate by 25 bps, warns of inflation, keeps GDP forecast

The decision of the monetary policy committee (MPC), headed by new RBI governor Urjit Patel, will likely cheer business leaders and households as cheaper loans will aid investment and spending.

Industry divided on impact of gas price reduction

As the government on Friday cut gas prices to USD 2.5 mmbtu till FY17-end, industry experts seemed divided on the benefits of the reduction. While former ONGC Executive RS Sharma was critical of the pricing policy, IIFL's Sanjiv Bhasin said the cut was a win-win situation for customers.

Lending rates are headed lower: Chanda Kochhar

With inflation under control, lending rates will gradually come down as India is moving towards softer interest rate environment, largest private sector lender ICICI Bank CEO Chanda Kochhar said today.

Lakshmi Vilas Bank cuts deposit rates by 0.30%

South-based lender Lakshmi Vilas Bank on Wednesday cut deposit rates in two buckets by up to 0.30 percent.

Petrol price hiked by Rs 0.64/litre; diesel cut by Rs 1.35

Oil marketing companies today said they would hike the price of petrol by Rs 0.64 per litre and cut diesel prices by Rs 1.35 per litre, effective midnight June 16.

HDFC cuts loan rates by 20bps to 9.9%

In a statement, the company said the reduction in the RPLR will also be applicable on loans to Non-Resident Indians (NRIs).

TRAI reduces ceiling tariffs for national roaming wef May 1

The regulator has cut ceiling tariff on outgoing local voice call on roaming to Rs 0.80 per minute.

ICICI Bank cuts base rate by 25 bps to 9.75% wef April 10

Apart from cutting the minimum lending rate, India's largest private sector lender has also cut rates on some retail fixed deposits effective the same date.

Petrol price cut by 49 paise, diesel by Rs 1.21

Prior to the increases in February, petrol price had been cut on ten occasions since August 2014 and diesel six times since October 2014.

RBI may cut rates by another 50 bps by June 2015, says HSBC

The space to cut more is constrained by the RBI‘s intention to achieve a further reduction in inflation amid rising growth, and a possible rebound in commodity prices