Gold, Silver Prices Climb On Safe-Haven Bids

Domestic spot gold with a purity of 24 carats opened at Rs 51,012 per 10 grams. New Delhi: Gold and silver futures surged on Friday, taking cues from the international spot rates. On the Multi Commodity Exchange (MCX), gold futures, due for a June 3 delivery, were last seen 0.22 per cent up at Rs […]

Uber Says It Hiked Fares to Cushion Drivers From Impact of Fuel Prices

Ride-hailing app Uber India on Thursday said it has, over the past few weeks, raised fares to cushion drivers from the impact of rising fuel prices across many cities in India. The company said it always strives to make driving with Uber a viable and attractive option for drivers, and added that “the recent hike […]

No Respite From Higher Fuel Prices Anytime Soon, Indian Crude Prices Up

Indian crude oil basket price on the rise, no respite from elevated fuel prices The average price of the Indian crude oil basket this month has jumped to $107.27 per barrel as of May 18, 2022, a jump of over 4 per cent compared to near $103 per barrel average in April; data showed on […]

Gold, Silver Prices Fall; Yellow Metal Trades Below Rs 50,100

Domestic spot gold with a purity of 24 carats opened at Rs 50,297 per 10 grams. Gold and silver futures fell on Wednesday, taking cues from the international spot rates. On the Multi Commodity Exchange (MCX), gold futures, due for a June 3 delivery, were last seen 0.22 per cent down at Rs 50,065, compared […]

Apple to Let Developers Automatically Charge Increased Subscription Prices

Apple has updated its subscription policy that will allow developers to charge increased prices without having users to manually opt-into a subscription renewal. The company says that this move is to mitigate the problems faced by users who unintentionally lose access to a service because they missed a subscription opt-in message. Apple is also putting […]

Gold, Silver Prices Rise; Yellow Metal Trades Near Rs 50,100

New Delhi: Gold and silver futures rose on Monday, rebounding from recent lows. On the Multi Commodity Exchange (MCX), gold futures, due for a June 3 delivery, were last seen 0.44 per cent up at Rs 50,090, compared to the previous close of Rs 49,873. Silver futures, due for a July 5 delivery, were last […]

FMCG Firms Opt To Cut Weight Rather Than Hike Prices As Inflation Soars

As inflation soars, FMCG firms go for weight cut, bridge packs New Delhi: FMCG manufacturers are opting to reduce product weight rather than price of items targeted at lower-end consumers, while resorting to single-digit price increase on some large packs and launching ‘bridge packs’, as they seek to overcome the impact of commodity price rise […]

Steel Prices Fall Over 10%, Coal Crisis Havocs Secondary Steelmakers

Steel prices ease over 10%, coal crisis playing havoc on secondary steelmakers Kolkata: Steel sector players are facing some heat owing to high input commodity prices as finished steel products have begun to decline since April after the Russia-Ukraine war broke out. Prices in the long products segment have declined on an average of 10-15 […]

Wheat Exports Banned With Immediate Effect To Control Rising Prices

India bans wheat exports with immediate effect New Delhi: India has banned wheat exports with immediate effect as part of measures to control rising domestic prices, according to official notification. However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, […]

Samsung Said to Hike Chip Manufacturing Prices by Up to 20 Percent

Samsung Electronics is in talks with clients about hiking prices for chip contract manufacturing by up to 20 percent this year, Bloomberg reported on Friday. The move, expected to be applied from the second half of this year, is part of an industry-wide push to raise prices to cover rising materials and logistics costs, Bloomberg […]

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