Petrol prices in the national capital have shot up to Rs 71.14. That for diesel is Rs 59.02, against Rs 48.16 in February 2013. Even kerosene and cooking gas prices have jumped — Rs 18.54 per litre against Rs 14.96, and Rs 585.00 per cylinder against Rs 410.50 More significantly, the petrol and diesel prices have surged past February 2013 levels despite the fact that crude oil is today ruling at less than half the rates prevailing then.

In a move to adjust to currency movement and commodity prices globally, printing and personal computer major HP Inc. on Friday hiked the list prices of its products by three-five per cent across categories in the Indian market.

The increased list prices will be applicable to the new arrivals once the existing stock is sold out, a top company executive told IANS in a chat here.

Mumbai: The benchmark Sensex Index on Friday fell 1%, its steepest fall in seven weeks, after private lender Axis Bank slumped nearly 7% on reports of its asset quality worsening further.

Information technology and pharmaceutical stocks fell ahead of Donald Trump’s inauguration as president of the US on fears of his policies having an impact on these sectors.

Mahindra & Mahindra (M&M) on Friday said that it has acquired a majority stake in Turkey-based farm equipment company Hisarlar Makina Sanayi ve Ticaret Anonim irketi (Hisarlar) for around $19 million (nearly R129 crore), thus foraying into the European nation. Under the transaction, which is expected to close by April 2017, M&M will acquire 75.1% stake in Hisarlar. “The association will help in growing the farm equipment business in Turkey and Europe,” M&M said in a statement.

Recovery of counterfeit notes was cited as one of the primary reasons for implementation of demonetisation. However, Finance Ministry has said that no recovery of fake bank notes were made from November 8 to December 30. “No counterfeit currency have been seized by agencies under CBEC (Central Board of Excise and Customs) since 8th November 2016 till 30th December 2016,” the ministry was quoted as saying by The Indian Express. Also, the ministry has no information about any seizure being made from terrorist/smugglers groups.

NEW DELHI: Air India put the lives of its passengers at risk by not adhering to set operational rules at Leh airport, one of the most unsafe in the country. The matter came to light after a video showed an Air India flight turning towards the hills immediately after take-off.

While the Directorate General of Civil Aviation (DGCA) is investigating the matter, the national carrier has off rostered three pilots from flying to Leh, post the regulator’s investigation. “Air India is a little apprehensive about where the video has originated from.

The Ministry of Railways has sought Gross Budgetary Support (GBS) of Rs 50,000 crore for 2017-18, though the Finance Ministry is likely to agree for only Rs 40,000-45,000 crore, a senior government official said.

"They (Railways) have sought Rs 50,000 crore as GBS, and I think they might get Rs 40,000-45,000 crore...In fact, the railways does not have capacity to absorb more than Rs 30,000 crore," the official said. Gross Budgetary Support (GBS) of Rs Rs 40,000 crore was announced in the 2015-16 Rail Budget.

President Donald Trump signed his first executive order on Friday, heading into the Oval Office shortly after his inaugural parade to direct agencies to ease regulations associated with Obamacare, the signature healthcare law of his predecessor that Trump has vowed to replace.

The White House also directed an immediate regulatory freeze for all government agencies in a memo from Trump's chief of staff, Reince Priebus, White House spokesman Sean Spicer said.

The Securities and Exchange Board of India (Sebi) has set Rs 500 crore in one of the past three years as the minimum turnover for a commodity to remain eligible for futures trading on exchanges. This will come into effect from April 1.

“For any commodity to continue to be eligible for futures trading on exchanges, it should have an annual turnover of more than Rs 500 crore across all national commodity derivatives exchanges in at least one of the last three financial years,” Sebi said in a circular on Friday.

Currency circulation is likely to normalise by the end of February as nearly 70 per cent of the notes will be remonetised by then, a report said on Friday.

"We are still maintaining that 70 per cent of the notes will be remonetised by February-end," said the report brought out by SBI Research.

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