After petrol and diesel, prices of non-subsidised cooking gas, non-PDS (public distribution system) kerosene and aviation turbine fuel (ATF) were raised on Sunday, in line with global trends.
Any further downward revisions in Indian sugar output due to drought could drive global sugar prices higher, extending a rally that has been fuelled by rising global deficit forecasts, traders said on Monday.
The rules have already hit the $10 billion cigarette industry. The cigarette maker ITC Ltd, which is part-owned by British American Tobacco, shut its factories last week, saying it needed more clarity on the new rules.
India's top cigarette maker ITC Ltd, part-owned by British American Tobacco, said it was not ready to print bigger health warnings on its packs as mandated by the government and will keep its factories shut until clarity emerges on the new rules.
The tobacco industry is facing losses of over Rs 350 crore each day as cigarette makers have shut operations due to lack of clarity on proposed graphic health warnings on tobacco products, Assocham said on Tuesday.
FMCG major Nestle on Monday said its popular Maggi has cleared tests conducted by Central Food Technological Research Institute (CFTRI) under a Supreme Court directive, reiterating that its instant noodles brand is safe for consumption.
With mercury set to rise steeply in the coming months, air-conditioner makers such as LG, Samsung, Panasonic and Haier are expecting a surge of as much as 30 per cent in sales this season on the back of easy financing options and arrival of energy efficient models.
The Health Ministry on Tuesday ordered government agencies to enforce a new rule for bigger health warnings on tobacco packets, stepping up a fight against the $10-billion cigarette industry that has shut down its factories in protest.
ITC Ltd, India's top cigarette maker, said it was not ready to print bigger health warnings on its packs as mandated by the government and will keep its factories shut until clarity emerges on the new rules.
The government has lowered its sugar output estimate by 1.4 per cent from a previous forecast, an official source said on Tuesday, potentially boosting prices and helping money-losing mills after six straight years of surplus production.
Multi-brand retail chain V-Mart plans to open stores in eastern states such as Jharkhand and Odisha next fiscal to take the number of its outlets to 150.
LT Foods on Friday said the acquisition of Hindustan Uniliver Ltd's (HUL) branded rice business will help the company to strengthen position in the middle-east market.
Colgate, had earlier said it expected to complete the programme this year and cut about 2,700 to 3,200 positions.
Stressing that the government is committed towards reforming the subsidy structure, Petroleum Minister Dharmendra Pradhan on Wednesday said 83 lakh people have voluntarily given up their LPG subsidy so far.
Indian sugar mills signed export deals this week, the first in nearly two months, as an incentive by the top producing state Maharashtra and a rally in global prices of the sweetener made overseas sales attractive, industry sources told Reuters.
Cane scarcity has forced Indian sugar mills to close operations ahead of normal schedule and more than 100 factories have stopped crushing, a trade body said on Wednesday.
Sugar mills in Maharashtra, which typically operate over November to April, have started closing down earlier than usual as the first back-to-back drought in nearly three decades hit cane supplies in the country.