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Auto giant shares tumble on Trumps tarif...

Auto giant shares tumble on Trumps tariff threat over Greenland

Auto giant shares tumble on Trumps tariff threat over Greenland **European Automakers Face Market Headwinds Amid Trade Uncertainty** European automotive stocks experienced a downturn Monday morning, reflecting investor apprehension surrounding potential trade disruptions. While specific catalysts... read more »

Europe weighs using trade 'bazooka&...

Europe weighs using trade 'bazooka' against the U.S. as Greenland...

Europe weighs using trade 'bazooka' against the U.S. as Greenland crisis deepens **EU Considers Economic Response Amidst Transatlantic Tensions** Brussels – The European Union is reportedly contemplating a range of economic countermeasures in response to escalating trade disputes with... read more »

In a move that is likely to have a spiralling impact on the cost of travel for the common man, public transport and other related areas, Indraprastha Gas Limited (IGL) on Thursday announced a steep hike of Rs. 4.50 paise per Kg in the price of compressed natural gas (CNG), the second successive hike in three months. In a related move that could hurt the household budgets, IGL also hiked the price of cooking piped gas to kitchens by Rs. 5.15 per Kg with effect from Thursday midnight. Under the new pricing regime, CNG will cost Rs. 50.10 per Kg in Delhi and Rs. 56.70 per Kg in Noida, Greater Noida and Ghaziabad, IGL said in a statement in New Delhi. The price of piped natural gas (PNG) to the households in Delhi is being revised from Rs. 27.50 per standard cubic metre to Rs. 29.50 per scm up to consumption of 30 scm in two months. Beyond consumption of 30 scm in two months, the applicable rate in Delhi would be Rs. 52 per scm. Due to differential tax structure in Uttar Pradesh, the applicable price of domestic PNG to households in Noida, Greater Noida and Ghaziabad would be Rs. 31 per scm up to consumption of 30 scm in two months, which has been increased from existing Rs. 29 per scm. Beyond consumption of 30 scm in two months, the rate applicable in these cities would be Rs. 54 per scm. CNG price was last revised in September when it was hiked by a hefty Rs. 3.70 per kg. Price of CNG sold to automobiles in Delhi then increased from Rs. 41.90 to Rs. 45.60 per kg. Also at that time, the price of piped cooking gas, called PNG, for households has been hiked from Rs. 24.50 per scm to Rs. 27.50 per scm. The statement said the increase was primarily due to increase in input cost as a result of reallocation of domestically produced gas quantities by the government for all city gas distribution companies across the country. “There has been a reduction in allocation of APM gas to us, which is forcing us to source more quantity of market priced imported R-LNG, whose prices are currently on an upswing. This has affected our overall input cost by over 13 per cent. There has also been an increase in the operating expenses including increase in minimum wages announced by the government with effect from October 2013,” the statement added. Government reallocated domestic gas allocations to all city gas distribution companies across the country as a fall out of a recent court order. All the earlier gas allocations had been cancelled and the revised allocations now also include PMT gas, which is priced higher than APM gas. “In terms of volume, there has been nearly 5 per cent decrease in the overall quantity of domestic gas allocated to IGL for Delhi, Noida, Greater Noida and Ghaziabad. The reduction in allocation as well as increase in demand is forcing IGL to source much higher priced imported R-LNG. The prices of R-LNG have been on the rise recently and therefore, new R-LNG quantities are available in the market at much higher prices than the existing ones,” the company said. However, the company said the increase would not have a major impact on the per km running cost of vehicles. For autos, the increase would be 13 paise per km, for taxi it would be 22 paisa per Km and in case of buses, the increase would be Rs. 1.30 per km, which translates to just over two paisa per passenger-kilometre.
The minimum savings needed to retire at ...

The minimum savings needed to retire at 65 in every U.S. stateit's ove...

The minimum savings needed to retire at 65 in every U.S. stateit's over $2 million in Hawaii **Retirement Savings Target Varies Widely Across U.S., Driven by Housing Costs** The financial landscape of retirement planning is far from uniform across the United States, with the necessary savings... read more »

Mark Cuban's money helped build Ind...

Mark Cuban's money helped build Indiana University's football tea...

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Economy

India will never compromise on food security: Anand Sharma

India will never compromise on food security: Anand Sharma

New Delhi – After having successfully reached through consensus a trade agreement at the WTO meet, held in Indonesia, India will never compromise on the fundamental issues pertaining to food... read more »

Sensex trades flat during pre-noon session

Sensex trades flat during pre-noon session

Mumbai – A benchmark index of Indian equ! ities markets was trading flat at 80.51 points or 0.39 percent up during the pre-noon trade... read more »

RBI-reference rate for US dollar, euro

RBI-reference rate for US dollar, euro

 The Reserve Bank of India on Monday fixed the reference rate of rupee against U.S. dollar at 62.1024 and the euro at 85.4284 as against 62.1266 and 85.4135... read more »

Sensex closes 50 points down; oil and ! gas stocks down

Sensex closes 50 points down; oil and ! gas stocks down

Mumbai – A benchmark index of Indian equities markets ended Monday’s trade 50 points or 0.24 percent down, as inflation data dashed any hopes of... read more »

Sensex trades flat during early session

Sensex trades flat during early session

Mumbai – A benchmark index of Indian equities markets was trading flat at 1.10 points or 0.01 percent down in the early morning trade Monday. Selling... read more »

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Investing

Gold futures rise to Rs. 26,812 per 10 gm

Gold prices rose 0.86 per cent to Rs. 26,812 per 10 grams at the futures trade today as speculators created fresh positions, taking positive cues from the global market. At the Multi Commodity... read more »

Gold steady at Rs 27,000 on scattered buying; silv...

Gold prices on Wednesday held steady at Rs 27,000 per ten gram at the bullion market in the national capital on scattered buying by... read more »

Gold prices fall by 0.21 per cent in futures trade on g...

Gold prices eased by 0.21 per cent to Rs 26,800 per 10 grams in futures trade on Tuesday, tracking a weak global trend, as speculators offloaded their... read more »

Gold Falls by Rs 45 to Rs 27,265 on Sluggish Demand

New Delhi: In a mixed pattern of trading, gold prices declined by Rs 45 to Rs 27,265 per 10 grams at the bullion market on Monday, owing to slackened demand... read more »

Gold, silver prices rise on brisk buying, global cues

NEW DELHI: Any revision in gold import duty is unlikely to take place before the Budget and there is no proposal as of now to reduce the 10 per duty, a finance... read more »

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Gold & Metals

Gold extends losses on stockists selling, global cues

Continuing its losing streak for the third straight session, gold prices on Saturday drifted by Rs. 120 to Rs. 28,530 per ten gram in the national capital on sustained selling by stockists amid a... read more »

Gold prices fall on subdued demand, global cues

Gold prices fell by Rs. 10 to Rs. 28,650 per 10 grams in the national capital on Friday on decline in demand for the metal at prevailing levels amid... read more »

Gold futures down at Rs 27,667 per 10 gm

Gold prices fell 0.3 per cent to Rs 27,667 per 10 grams at the futures trade today amid a weak trend overseas and profit-booking by speculators. On the Multi... read more »

Gold futures down at Rs 27,667 per 10 gm

Gold prices fell 0.3 per cent to Rs 27,667 per 10 grams at the futures trade today amid a weak trend overseas and profit-booking by speculators. On the Multi... read more »

Gold futures down 0.10% on weak global cues, profit-boo...

NEW DELHI: Gold prices fell 0.10 per cent to Rs 27,641 per 10 grams in futures trade today amid a weak trend overseas and profit-booking by speculators. At... read more »

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on Monday blocked government buildings in Kiev after the biggest demonstrations in the Ukrainian capital since 2004-05 Orange Revolution.

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