Economy

Nestle India builds costs by 1-3% as commodity prices increase

Nestle India Ltd. expanded costs across its product portfolio by 1-3% as commodities like milk and coffee keep on turning costlier. “Because of the global context of raw materials and also because of large economies globally are opening up strongly, there would be pressures on raw materials going forward,” Suresh Narayanan, chairman and managing director […]

Economy

Coal India may hike coal costs by 10-11% to hold over cost-push, wage update

Mining significant Coal India Ltd may raise costs of the dry fuel by somewhere around 10-11 percent to alleviate the effect of expanded expenses and a looming wage modification, sources near the improvement said. The Kolkata-headquartered organization had last hiked coal costs in 2018. Its present average managed price realization is Rs 1,394 per ton. […]

Economy

US maker costs jump a phenomenal 8.3% in August

Inflation at the wholesale level climbed 8.3% last month from August 2020, the greatest annual gain since the Labor Department began calculating the year number in 2010. The Labor Department detailed Friday that its maker cost index which estimates inflationary pressures before they arrive at customers rose 0.7% last month from July subsequent to expanding […]