12:45 pm - Thursday July 16, 2026

Business

Latest News on Business
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...

Mark Cuban's money helped build Indiana University's football teamhe shares 'how championship teams and organizations are built' **Cuban’s Philanthropy Fuels Indiana University Football’s Ascent** Bloomington, IN – Indiana University’s football program is... read more »

More from Business

Starbucks to form joint venture with Boyu Capital to run China business

Starbucks to form joint venture with Boyu Capital to run China business ## Starbucks Brews New Strategy in China with Boyu Capital Partnership **Shanghai, China** – Starbucks Corporation... read more »

Asia markets trade mixed, breaking ranks from Wall Street rally

Asia markets trade mixed, breaking ranks from Wall Street rally ## Asian Equities Diverge from US Tech Surge Amid Cautious Investor Sentiment **[City, Date]** – Asian equity markets... read more »

'Useless' and 'hopeless': Ryanair CEO slams U.K. government over trave...

'Useless' and 'hopeless': Ryanair CEO slams U.K. government over travel tax ## Ryanair CEO Criticizes UK Travel Tax Hike, Citing Economic Impact London, UK – Michael... read more »

Standard Chartered CEO believes nearly all global transactions will move to the blockchain...

Standard Chartered CEO believes nearly all global transactions will move to the blockchain ‘eventually’ ## Standard Chartered CEO Predicts Blockchain Dominance in Global... read more »

China's factory activity slows down in October, missing expe...

China's factory activity slows down in October, missing expectations, private survey shows ## Chinese Manufacturing Growth Decelerates in October, Raising Concerns Despite Trade Truce **Beijing,... read more »