Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said.
Managing director of Bosch VK Vishwanathan tells CNBC-TV18 that they are cautiously optimistic for 2012.
Passenger car makers offered huge discounts in December, as much as Rs 60,000-70,000, to attract buyers, in what has been a year full of speed breakers for the industry. But if you haven't bought your car yet, get ready for price hikes from January.
Amidst all the gloom and doom, consumers get some good news as the fuel bill is unlikely to rise as of now. The Oil Ministry indicated that there will be no hike in fuel prices at least in the near future, reports CNBC-TV18’s Siddharth Zarabi.
According to sources in the Oil Ministry, though the cut down cannot be termed as a rollback, it is the government that has suggested the reduction in the prices.
CARE Ratings has come out with its report on WPI inflation for October 2011
In continuing politics over the petrol price hike, Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee has issued a fresh threat to the government, saying her party will withdraw support if the government hikes diesel and LPG prices.
September inflation came in at an ugly 9.7%. The only relief was that the number was not uglier than expected.
The run-up to this Diwali has been anything but cheerful for Maruti and its work-force. With the company hardening its stand against the striking workers, and they in turn moving court, an amicable solution doesn’t appear to be in sight anytime soon.
China may cut retail fuel prices by about 300 yuan (USD 47) per tonne as early as Sunday, industry website C1 Energy said on Saturday, which would be the first price cut this year.
The recent slump in commodity prices may be the panacea Asian economies need, by lowering energy and manufacturing input costs without the need for further monetary tightening.
With market analysts feeling that the Reserve Bank is unlikely to pause on its tight monetary policy, the auto industry sees no respite even during the forthcoming festive season and expects further slowdown in sales in the months ahead.
Due to the volatility in market, the aviation space has been facing a lot of pressure. Mahalingam Shivkumar, senior vice president of finance at Jet Airways expects a better third and fourth quarter than the past.
ICRA Rating has come out with its report on Indian passenger vehicle sector. According to the rating agency rising interest rates and fuel prices, cumulatively impacting consumer sentiment.
The country's largest carmaker Maruti Suzuki India (MSI) today said it expects sales growth rate for the fiscal to be in low single digit as the Indian automobile market struggles to cope with rising interest rates and high fuel prices.
Encouraged by moderation in food inflation to 7.58% for the week ended July 9, Finance Minister Pranab Mukherjee today expressed hope that price situation would improve in the days ahead.
General Motors India would launch the diesel variant of its Chevrolet Beat in the Indian market on July 25, a top company official said here today.
Automobile industry body SIAM today lowered its vehicle sales growth forecast for FY'12 to 11-13% from 12-15% announced three months earlier, mainly due to higher interest rates and rising fuel prices.
Car sales in India rose 1.6% in June, their slowest pace of growth in more than two years, as rising interest rates, fuel prices and vehicle costs shrunk demand in the world's second-fastest growing auto market.
Rising fuel prices and costlier loans due to consistent monetary tightening by Reserve Bank of India has put the brakes on vehicle sales. That coupled with high cost of raw materials will put pressure on passenger vehicle and commercial vehicle makers’ revenues and profits in the April-June quarter.
After a scorching pace of growth last year, automobile sales in India are slowing in the face of expensive auto loans and rising fuel prices. Toyota Kirloskar Motor expects sales could slowdown further, at least till August.
Accusing the government of kneeling down before market forces and corporate houses, CPI today slammed the hike in fuel prices and demanded its immediate roll back.
The much-awaited meeting of Empowered Group of Ministers (EGoM) on fuel prices will take place today at 7.00 pm, reports CNBC-TV18's Siddharth Zarabi.
Moses Harding, Executive Vice President & HD Wholesale Banking Group, IndusInd Bank talks to CNBC-TV18 about how two major asset classes – currencies and fixed income debt markets could possibly react to a fuel price hike.
The government is expected to take advantage of a plunge in global crude prices to raise fuel prices on Friday after months of delaying a politically unpopular decision that will add to inflation but ease a rising subsidy burden.