Business

Renault, Maruti Suzuki, and Others to Raise Car Prices Starting in April

Published

1 year ago

March 20, 2025

Renault India announced on Thursday that it will raise prices across its entire model range by up to 2 percent, effective from April. The increase will vary depending on the specific models and variants, as stated by the company.

Recently, Maruti Suzuki India Ltd (MSIL) also revealed plans to raise vehicle prices by up to 4 percent, starting April 1, 2025. This decision is driven by rising input costs and escalating operational expenses, which have impacted the company’s profitability.

Renault India explained that this price adjustment is a necessary response to the ongoing rise in input costs, which the company has been absorbing for a considerable time.

Venkatram Mamillapalle, Country CEO and MD of Renault India, remarked, “Despite our continuous efforts to keep prices stable, the persistent increase in input costs has made this price adjustment necessary.” He added that while the company has been supporting customers by absorbing costs, a revision in pricing has become unavoidable to maintain product quality and innovation.

This price hike marks the first increase announced by Renault India since February 2023. In contrast, this is the third price rise from Maruti Suzuki this year, following increases in January and February. In January 2025, Maruti implemented a 4 percent price hike, which was previously announced in December.

Other automakers, including Hyundai, Tata Motors, Kia India, and Honda Cars, have also disclosed plans to raise vehicle prices next month due to rising input costs.

Business

Overseas Loans by Indian Firms See Sharp Decline

Published

15 hours ago

May 17, 2026

Namma Kudla

Business : Indian companies borrowed $5.43 billion from abroad in March, according to RBI data. This was 51% lower than March last year.

Experts said the weak rupee and high global interest rates made foreign loans less attractive for companies.

In the financial year 2025-26, India Inc raised nearly $43 billion through foreign borrowings. This was down from $61 billion in the previous year.

In March 2025, borrowings had crossed $11 billion due to large deals by companies like JSW Steel and Tata Semiconductor Manufacturing.

Companies are also avoiding overseas loans because hedging costs have become expensive during currency volatility.

The RBI reportedly discussed easing foreign borrowing rules and offering hedging support, but no final decision was taken.

Market experts said the ongoing West Asia conflict has increased uncertainty, making companies cautious about raising funds from abroad.

Business

Fuel Prices Hiked by Rs.3 per Litre across India

Published

3 days ago

May 15, 2026

Namma Kudla

New Delhi: Petrol and diesel prices have been increased by Rs.3 per litre across the country from today. Oil marketing companies revised the rates due to the rise in global crude oil prices.

After the hike, petrol price in Bengaluru has reached Rs.106.17 per litre, while diesel now costs Rs.94.10 per litre.

The increase comes amid fluctuations in international crude oil prices and tensions in West Asia, including the Iran conflict. The fall in the value of the Indian rupee against the US dollar has also increased import costs.

The fuel price hike is expected to affect transportation and daily essentials. Transport charges for goods may rise, leading to higher prices of vegetables, fruits, milk, and other items. Bus, auto, and taxi fares may also increase.

Earlier, fuel prices were reduced before the 2024 Lok Sabha elections. In 2022, the Centre had also cut excise duty to control inflation after the Covid pandemic.

Business

Gold Prices Rise in Mangaluru; Demand for Ornaments Remains Strong

Published

2 weeks ago

May 4, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been reported at high levels today. The rate for 24 karat gold (99.9% purity) stands at Rs.14,962 per gram. The price for 22 karat gold (91.6% purity) is Rs.13,715 per gram. Meanwhile, 18 karat gold (75% purity) is being sold at Rs.11,222 per gram.

Mangaluru is well known for its deep cultural connection with gold. The city has a long tradition of buying and wearing gold ornaments. This tradition continues strongly even today.

Local jewellers say that demand for gold remains steady despite high prices. Many people still prefer to invest in gold for safety and long-term value. Gold is also an important part of weddings and festivals in the region.

Apart from its love for seafood, Mangaluru is also famous for its gold market. The gold trade in the city has a long history and continues to grow.

Buyers are advised to check the latest rates before making a purchase. They can also use a gold rate calculator to get exact pricing based on weight and purity.

Experts say that gold prices may change depending on global market trends. Customers should stay updated and make careful decisions while buying gold.