Maruti sets stage for price hike in FY24; Food prices jump after OPEC's oil production cut; more

Maruti Suzuki India has taken the first price hike in FY24. The company has increased the price of its vehicles on average by 0.8%. The fresh price hike is on account of an increased cost pressure driven by overall inflation and regulatory requirements. Tata and Honda are expected to follow in Maruti's footsteps. 

Meanwhile, international food prices have hiked almost 8 per cent after oil cartel OPEC announced a surprise production cut.