Tata Motors’ automobile sales during the month of April 2022 jumped:Business news

Two-third as compared to the corresponding period last year, whereas, rivals Hyundai India and Maruti Suzuki faced a decline.

As per the numbers released on May 1, Tata Motors recorded a 74 percent year-on-year surge, as it sold 72,468 units of vehicles last month as compared to 41,729 units in April 2021.The company’stotal domestic sales came in at 71,467 units in April 2022, which included 30,838 commercial vehicles and 41,587 passenger vehicles. In the year-ago period, 16,515 commercial and 25,095 passenger vehicles were sold.

Loan Instalments To rising As HDFC Hikes Lending Rates: Business news

Mortgage lender HDFC Ltd on Sunday raised its benchmark lending rate by 5 basis points, a move that will increase EMI for existing borrowers.

The rate increase is in line with other lenders, including the State Bank of India and Bank of Baroda.

“HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from May 1, 2022,” the company said in a statement.

There is no change in the lending for new borrowers. The rates for new borrowers range between 6.70 percent and 7.15 percent, depending on credit and loan amount.

Indonesia’s ban on palm oil exports a concern but impact to be transitory: Business news

Indian FMCG players, particularly food and snacks manufacturers, have said they are concerned about Indonesia’s move to ban exports of crude palm oil, though some of them expect the decision is likely to have only transitory impacts on a short-term basis,business news.

Several industry leaders hint that they will reduce their reliance on palm oil in phases and shift to alternatives such as rice bran oil and cottonseed oil for food products.

Last week Indonesia, the world’s largest palm oil producer, banned shipments of crude palm oil (CPO), adding to the previous sanctions on refined oil, to soften the prices in its domestic market.

LPG price hiked by Rs 102.50, 19-kg cylinder to cost Rs 2355.50 from today:Business news

The price of a 19-kg commercial LPG cylinder has been hiked by Rs 102.50 on Sunday, May 1. The cylinder will now cost Rs 2355.50, which was earlier priced at Rs 2253.

 

Also, the cost of a 5-kg LPG cylinder is now Rs 655. However, it is important to note that this increase is less than the previous month.

Earlier on April 1, the price of the 19-kg commercial LPG was raised by Rs 250 per cylinder to Rs 2,253. While on March 1, the commercial LPG was increased by Rs 105.

The price of a 14.2 kg LPG cylinder in the national capital is Rs 949.50. Whereas in some places the cost of a cylinder is up to Rs.1,000.

Meanwhile, oil marketing companies such as Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation are organizing 5,000 LPG Panchayats across the country to celebrate Ujjwala Diwas on Sunday.

Fuel sales growth moderates in April on high prices;Business news

India’s petrol and diesel sales growth moderated in April while cooking gas LPG consumption fell as record high prices dented demand, preliminary industry data showed on Sunday.

Petrol sales growth moderated to 2.1 per cent in April when compared with the same period in the preceding month, while diesel demand was almost flat. Cooking gas LPG, which had consistently shown growth even during the pandemic period, saw a massive 9.1 per cent month-on-month drop in consumption during April,business news.

State-owned oil firms had on March 22 ended a 137-day hiatus in rate revision and began passing a USD 30 per barrel increase in cost of raw material (crude oil) during that period when five states including Uttar Pradesh went to polls.

Petrol and diesel prices rose by Rs 10 per litre between March 22 and April 6 — the highest-ever increase during a 16-day period since fuel prices were deregulated two decades back.

Tata Motors’ automobile sales during the month of April 2022 jumped:Business news

Two-third as compared to the corresponding period last year, whereas, rivals Hyundai India and Maruti Suzuki faced a decline.

As per the numbers released on May 1, Tata Motors recorded a 74 percent year-on-year surge, as it sold 72,468 units of vehicles last month as compared to 41,729 units in April 2021.The company’stotal domestic sales came in at 71,467 units in April 2022, which included 30,838 commercial vehicles and 41,587 passenger vehicles. In the year-ago period, 16,515 commercial and 25,095 passenger vehicles were sold.

Loan Instalments To rising As HDFC Hikes Lending Rates: Business news

Mortgage lender HDFC Ltd on Sunday raised its benchmark lending rate by 5 basis points, a move that will increase EMI for existing borrowers.

The rate increase is in line with other lenders, including the State Bank of India and Bank of Baroda.

“HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from May 1, 2022,” the company said in a statement.

There is no change in the lending for new borrowers. The rates for new borrowers range between 6.70 percent and 7.15 percent, depending on credit and loan amount.

Indonesia’s ban on palm oil exports a concern but impact to be transitory: Business news

Indian FMCG players, particularly food and snacks manufacturers, have said they are concerned about Indonesia’s move to ban exports of crude palm oil, though some of them expect the decision is likely to have only transitory impacts on a short-term basis,business news.

Several industry leaders hint that they will reduce their reliance on palm oil in phases and shift to alternatives such as rice bran oil and cottonseed oil for food products.

Last week Indonesia, the world’s largest palm oil producer, banned shipments of crude palm oil (CPO), adding to the previous sanctions on refined oil, to soften the prices in its domestic market.

LPG price hiked by Rs 102.50, 19-kg cylinder to cost Rs 2355.50 from today:Business news

The price of a 19-kg commercial LPG cylinder has been hiked by Rs 102.50 on Sunday, May 1. The cylinder will now cost Rs 2355.50, which was earlier priced at Rs 2253.

 

Also, the cost of a 5-kg LPG cylinder is now Rs 655. However, it is important to note that this increase is less than the previous month.

Earlier on April 1, the price of the 19-kg commercial LPG was raised by Rs 250 per cylinder to Rs 2,253. While on March 1, the commercial LPG was increased by Rs 105.

The price of a 14.2 kg LPG cylinder in the national capital is Rs 949.50. Whereas in some places the cost of a cylinder is up to Rs.1,000.

Meanwhile, oil marketing companies such as Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation are organizing 5,000 LPG Panchayats across the country to celebrate Ujjwala Diwas on Sunday.

Fuel sales growth moderates in April on high prices;Business news

India’s petrol and diesel sales growth moderated in April while cooking gas LPG consumption fell as record high prices dented demand, preliminary industry data showed on Sunday.

Petrol sales growth moderated to 2.1 per cent in April when compared with the same period in the preceding month, while diesel demand was almost flat. Cooking gas LPG, which had consistently shown growth even during the pandemic period, saw a massive 9.1 per cent month-on-month drop in consumption during April,business news.

State-owned oil firms had on March 22 ended a 137-day hiatus in rate revision and began passing a USD 30 per barrel increase in cost of raw material (crude oil) during that period when five states including Uttar Pradesh went to polls.

Petrol and diesel prices rose by Rs 10 per litre between March 22 and April 6 — the highest-ever increase during a 16-day period since fuel prices were deregulated two decades back.