As the Indian rupee continued its decline, Volkswagen said it is considering increasing the prices of its products to offset impact on its margins.

The under-recovery, or revenue loss, applicable on diesel for the first fortnight effective September 1 has been pegged sharply upwards at Rs 12.12 per litre.

Under attack over a proposal to shut petrol pumps after 8 pm, Oil Minister M Veerappa Moily clarified the government is not considering any such move to taper fuel demand.

With the falling rupee and rising oil import bills fuelling the current account deficit (CAD), the petroleum ministry is planning to do away with 24-hour petrol pumps in cities, keeping them closed after 8 pm.

The Indian Oil Corporation (IOC) said that it had to hike prices due to sharp depreciation of the rupee and hardening of crude prices in the international market due to the volatile situation in Syria.

Given the quagmire the Indian economy is in, US military action against Syria will make things a lot worse. It is bound to lead to a spike in international oil prices.

The Toyota Camry Hybrid combines a newly developed hybrid exclusive 2.5 petrol engine with an electric motor. It delivers a mileage of 19.16 kmpl.

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The car, which is powered by a 998 cc petrol engine, is available in three variants and the company will also roll out a CNG model soon.

Ford India has stopped bookings of some of the variants of its compact sports utility vehicle (SUV) EcoSport in the wake of heavy demand.

The PSU posted a loss of Rs 3,093 crore in the April-June quarter against a net loss of Rs 22,451 crore in the corresponding quarter of 2012-13.

Celebrating 15 years of  Hyundai Motor India Ltd's (HMIL) existence in India, the country's second-largest car maker on Monday introduced a new edition of its compact car Santro Xing, priced at Rs 381,268 (ex showroom Delhi).

The company said the subsidy payout impacted net profit by Rs 7,131 crore.

The new luxury sedan is being produced at the company's plant in Aurangabad, Maharastra, where the firm's other products such as Superb, Yeti and Laura are manufactured.

Petrol price in Delhi will go up by 84 paisa to Rs 71.28 per litre while diesel will cost Rs 51.40 per litre, up 56 paise.

Include stocks in the sectors that might gain from the rupee's fall. These include pharmaceutical and information technology that earn a big part of their revenues in dollars.

The gas will be available at market price which is double the rate of Rs 28.8 per kg for subsidised domestic LPG (Rs 410 per 14.2-kg cylinder in Delhi).

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