Gold discounts widest in 17 months, jewellers anticipate duty cut

Indian gold importers are offering a discount of up to $16 an ounce versus London prices, the widest in 17 months, as jewellers curtail purchases ahead of a possible cut in the import duty.

Car exports from India remained flat in FY14 at 5.5 lakh units

Reflecting the woes of the Indian automobile industry, the country's car exports remained flat at 5,50,466 units in 2013-14, during which domestic sales fell for the second consecutive year.

Maruti, Honda lift February car sales, fuelled by duty cut

Sales rose to 160,718 cars in February, up from 158,512 a year earlier, according to data released by the Society of Indian Automobile Manufacturers (SIAM) here.

Duty cut on cars, 2-wheelers to boost engg goods export: EEPC

Apex engineering exporters body EEPC Monday said Finance Minister P Chidambaram's proposal to lower excise duty on cars and two-wheelers in the interim budget will boost the exports of key engineering goods.

Moily asks FinMin to cut duties on branded petrol, diesel

Oil Minister M Veerappa Moily has asked the Finance Ministry to cut duties on branded petrol and diesel that offer better mileage and help cut fuel consumption.