tariff hikes

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.

Analysts are bullish on Adani Ports, Indus Tower, and Voda Idea, citing strong performance and growth prospects. Kotak Bank shows solid operating metrics, though RoE lags peers. Bharti Airtel's outlook remains positive despite potential tariff hike delays, with industry repair seen as intact.

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.

Nintendo is increasing the retail price of its Switch 2 console in several markets due to rising memory chip costs and changing market conditions. The company forecasts a decline in Switch 2 sales for the upcoming fiscal year, expecting to sell 16.5 million units, down from 19.86 million previously. This decision comes as manufacturing expenses rise, impacting Nintendo's financial outlook.

The Indian rupee is facing significant pressure, weakening against the US dollar due to soaring crude oil prices driven by Middle East geopolitical tensions and persistent foreign fund outflows. Despite India's robust economic growth, the currency's slide continues as the Reserve Bank of India intervenes to curb volatility rather than target a specific exchange rate.

Campaigning for AIADMK and BJP candidates on V K K Menon Road, EPS said it was out of fear of losing the election that CM M K Stalin was spreading a false propaganda that the delimitation of parliamentary constituencies would affect Tamil Nadu.

Electricity prices in Delhi are set to rise as the Appellate Tribunal for Electricity ordered the DERC to liquidate over Rs 38,500 crore in regulatory assets. This accumulated debt, stemming from unrecovered costs since 2007 due to unchanged tariffs, will be recovered from consumers over seven years through a surcharge.

Aviation ministry is providing relief to airlines. Major airports will cut landing and parking charges for domestic flights by 25 percent. This reduction is for three months. The move aims to ease financial pressure on airlines. It comes amid rising fuel costs and airspace restrictions. This decision is effective immediately.

Iran reportedly used a Chinese-built spy satellite, TEE-01B, to monitor US military bases in the Middle East during recent conflicts. Leaked documents suggest the Islamic Revolutionary Guard Corps utilized the satellite for targeting and assessing strike success. China denies providing military support, calling the accusations fabricated.

Jharkhand State Electricity Regulatory Commission (JSERC) has approved a 40% power tariff hike for DVC-served areas for 2026-27, a reduction from DVC's proposed 45%. While domestic low-tension consumers see a slight drop, commercial and high-tension consumers, along with industries, face significant increases. A green energy tariff and rebates for timely payments and prepaid metering have also been introduced.