hike

Omfed has raised milk prices by approximately Rs 4 per litre due to increased gas, raw material, and transportation costs. This hike also allows Omfed to pay farmers more for cow and buffalo milk. The price increase is expected to impact consumers and businesses, potentially raising the cost of tea and milk products.

Jharkhand Mukti Morcha (JMM) leaders and workers protested LPG price hikes in Ranchi, citing financial strain on hotels and public hardship. They criticized the Union government's policies, comparing the situation to demonetization. The BJP countered, calling the protest a political stunt and urging the JMM to reduce state VAT on fuel, highlighting issues like electricity tariff hikes in Jharkhand.

Toyota Kirloskar Motor has implemented a significant price increase for its popular Fortuner SUV, with hikes ranging up to Rs 87,000 across all variants. This marks the second price revision for the model in 2026, pushing its ex-showroom price range to Rs 34.76 lakh to Rs 48.29 lakh.

Nintendo is increasing Switch 2 prices globally due to a memory chip shortage impacting hardware costs. The US will see a $50 hike to $499.99 from September 1. Japan faces an earlier, steeper increase. This comes as Nintendo anticipates a sales slowdown for the console, despite its strong initial performance.

Gamers face rising console prices as Sony and Nintendo grapple with a global memory chip shortage. Fueled by AI data center demand, chip costs have surged, forcing Nintendo to hike the Switch 2's price to $499.99 and Sony to increase the PlayStation 5 to $649.99. These increases are expected to continue impacting the industry.

Eating out is set to become significantly more expensive as commercial LPG prices have surged by nearly Rs 1,000 per cylinder. Bengaluru hoteliers are compelled to hike menu prices by approximately 10% due to this steep increase, which follows two previous hikes in recent months. This development poses a considerable challenge to the hospitality sector.

Fear of a fuel price hike and supply crunch rumors led to an unusual rush at filling stations in Bhubaneswar and Cuttack. Residents queued up to top up their tanks, causing some stations to exhaust daily stock early. Dealers and oil companies, however, dismissed shortage concerns, stating supplies remain normal and urging citizens not to panic.

Hotels, restaurants, bakeries, and canteens across Kerala will observe a 24-hour shutdown on May 6 to protest a significant increase in cooking gas prices. Online food delivery services will also be suspended during the statewide agitation, which includes protest marches and dharnas demanding a rollback of the LPG price hike.

Hollywood star Kevin Bacon endured a painful bee attack during a hike with his daughter Sosie and her partner. While the couple escaped unharmed, Bacon was stung multiple times. Sosie later humorously recreated her father's dramatic reaction to the incident for his social media followers, much to the amusement of his wife, Kyra Sedgwick.

Restaurateurs said the hike, coupled with a recent increase in minimum wages, is compressing margins at both ends

India Yamaha Motor has raised prices for its R15 motorcycle line-up by Rs 4,900 across all variants, effective May 2026. The popular entry-level supersport now starts at Rs 1.56 lakh ex-showroom. Despite the hike, the R15 remains a top performer in its segment, retaining its 155cc VVA engine and key features.

Panic buying has gripped Nabarangpur and Koraput districts as fuel supply disruptions, linked to the West Asia conflict, cause partial petrol pump closures and long queues. Authorities have imposed sale limits to prevent hoarding, while assuring sufficient stock and transit supplies. Officials urge the public to avoid unnecessary rushes, attributing some demand to price hike rumours.