Inflation eases to 26-month low in Jan
India's headline inflation slowed to its lowest level in more than two years in January as food prices fell, increasing the pressure on the RBI to cut rates to battle the country's economic slowdown. Full Article
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Phillips Carbon to hike carbon black prices
NEW DELHI |
NEW DELHI May 9 (Reuters) - Phillips Carbon Black (PHIL.BO) is looking at hiking carbon-black prices by 15 percent, its chairman said.
Carbon black, made from crude oil and used to make tyres, has become more expensive after crude prices rose.
Crude oil CLc1 has raced past a record-high of $124 a barrel.
"The dialogue is already on with our main consumers, which is the tyre industry," Chairman Sanjiv Goenka told Reuters on Friday. (Reporting by Rakesh Sharma; Editing by Ramya Venugopal)
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