hikes

Nigerians will pay more for bread in the coming days as bakers in some states have announced price hikes to cover the high cost of ingredients. Kogi Master Bakers said on Sunday they were resuming production after weeks of strike, but will increase prices of their products. The association had on Wednesday joined the nationwide strike declared by its national body to demand government intervention regarding prices of materials used in bread production. “Although the federal government is yet to respond to our…

After playing in the uncharted territory of sub-compact EV SUV’s and enjoying massive success, the country’s second-largest automaker Tata Motors has decided to hike up the prices for its Nexon EV and Nexon EV Max. The company recently made an announcement that it will be raising its prices for both of its EV SUV models and the new pricing will come into effect from this month itself. Tata Motors announced that the marginal increase of 0.55 percent in the price of its EVs would vary from model to model and variant to…

Uber has raised the prices of trip fares by 12 percent in Delhi-NCR region. The cab aggregator has said that the prices have been hiked keeping in mind the drivers who staged protests in the national capital over increasing fuel prices. Uber says that its move is aimed to lessen the impact of hike in fuel costs on drivers. CNG currently costs Rs. 69.11 per kilogram in Delhi, Diesel price in Delhi is at Rs. 96.67 per litre, and petrol cost in the city is at Rs. 105 per litre.Uber said in a statement that as per drivers'…

Taiwan Semiconductor Manufacturing hiked its revenue outlook after logging record quarterly profit, and painted a bullish picture of demand picking up over the next two years as advanced technologies are adopted more widely.The chip sector has been one of the rare industries benefiting from the coronavirus pandemic with more people investing in premium devices as they spend longer hours at home and as corporations seek to add more bandwidth for remote workers.The world's largest contract chipmaker said it now expects 2020…

Intel has told customers that it will raises prices on most of its processors and other chips by up to 10-20 percent later this year, Nikkei has reported. That could mean price increases on computers products ranging from laptops to servers, at the same time that demand is weakening and sales are dropping.  Intel effectively confirmed the news, referring back to its Q1 earnings call. "Intel indicated it would increase pricing in certain segments of its business due to inflationary pressures. The company has begun to…

Some good news for inflation-weary Americans: There will be no price hike on Costco's hot dogs.In an interview Monday on CNBC's "Squawk on the Street," CEO Craig Jelinek had a one-word answer when asked whether he would raise the signature food court item's price: "No."Costco has continued to put up strong sales, even as other retailers have spoken about consumers becoming more budget-conscious and spending more on services instead of goods. It's also avoided another recent problem for many retailers: excess inventory…

Last Updated: July 09, 2022, 12:51 ISTTata Motors on Saturday said it has increased prices of its passenger vehicle range with immediate effect to partially offset the impact of rising input costs. A weighted average increase in price of 0.55 per cent will come into effect starting Saturday across the range, depending upon the variant and model, the homegrown auto major said in a statement. The company has taken extensive measures to absorb a significant portion of the increased input costs, it said. “However, to offset…

A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California.Justin Sullivan | Getty Images News | Getty ImagesLevi Strauss on Thursday reported quarterly revenue and earnings that came in above Wall Street expectations, as the clothing company known for its denim said it benefitted from Americans opting for more relaxed dress codes.The San Francisco company increased its quarterly dividend and stood by its guidance for the year. Its shares were up about 4% at $17.08…

The pandemic and war in Ukraine fueled rampant inflation that impacted the cost of virtually every possible product. But smartphone prices haven’t seen major price increases, which was surprising. The iPhone 13 and Galaxy S22 series did not bring price hikes, but things might change in the future. Rumors already claim the iPhone 14 price will be increased this year, and a new report signals that drastic cost increases are inevitable from Apple’s parts suppliers. Apple never shares details about the cost of…

Apple has hiked by nearly a fifth the cost of its flagship iPhone phone in Japan, which is battling a weakening yen currency and rising inflation.The Cupertino, California-based manufacturer's entry level iPhone 13 now costs JPY 117,800 (roughly Rs. 69,000), Apple's website showed, compared to JPY 99,800 (roughly Rs. 58,500) previously.With the dollar up 18 percent against the yen year-to-date, the higher cost of the iPhone, which dominates Japan's smartphone market, comes as consumers' wallets are being squeezed by price…