Mahindra & Mahindra, one of India’s largest makers of tractors, said it plans to increase the prices of its tractors from January 1 to offset increasing commodity prices. “Details of the price increase across different models will be communicated in due course,” it said. The move comes in the wake of record sales of tractors […]
BSE, formerly known as Bombay Stock Exchange, said it has signed an agreement with the Indian unit of global logistics player Brink’s to provide storage for the upcoming gold and silver trading platform of the BSE. As part of the agreement, BSE will recognize some of Brink’s India’s vaulting in India as BSE storage and […]
Faced with the prospect of lower-than-expected production of sugar in the ongoing season due to drought, the government has imposed stock curbs on dealers to prevent speculation and hoarding, the food and consumer affairs ministry said today. “With the objective of keeping the sugar prices at reasonable level and to ensure smooth supply of sugar […]
With retail inflation inching up contrary to expectations of downward movement, it is time to keep to eye on onion prices which may increase further by 10-15 per cent in the rainy season, according to an ASSOCHAM paper. While onion is selling at Rs 1800-2500 per quintal in different wholesale mandis, the retail vendors are […]
Sandip Sabharwal, a Mumbai-based fund manager and investment expert, has explained how unscrupulous hoarders and traders in India jack up the prices of onions. In a post on his Facebook page, Sabharwal described the exact methodology of how India’s onion cartel, that pushes up onion prices to as much as Rs 100 per KG, operates. […]
