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Toyota to hike prices of some models from April

Toyota to hike prices of some models from April

Finance
Toyota Kirloskar Motor (TKM) Friday said it will increase prices of some of its products from next month in order to offset rise in input costs. "We have been absorbing additional costs through a bouquet of cost reduction measures including refinement in production process. However, considering the trend of continuous increase, we are constrained to pass on a small portion to the customers," TKM Deputy Managing Director N Raja said in a statement. The company will continue its efforts to contain costs and offer the best value to its loyal customers, he added. TKM, however, did not disclose the models that would become costlier. The company sells a range of products including popular multi-purpose vehicle Innova and premium sports utility vehicle Fortuner. Let's block ads! (Why?) Personal ...
Tesla to raise prices and keep more stores open

Tesla to raise prices and keep more stores open

Technology
Tesla is increasing prices of its electric cars after scaling back a store closure programme. The carmaker said the 3% price rise would not apply to the new mid-market Model 3.Earlier this month Tesla said it would close an unspecified number of stores to fund a cut in the price of the Model 3 in the US to $ 35,000 (£26,400).It will now close "about half as many" stores - making half the cost savings.The carmaker, founded by Elon Musk, said that keeping more stores open would require a rise in vehicle prices by about 3% on average worldwide.It has 378 stores and service locations but had not been specific about which ones would close. Elon Musk's Tesla to cut about 3,000 jobs as cars 'too expensive' The weird and wonderful ...
Duke-UNC tickets reaching Super Bowl prices due to Zion Williamson

Duke-UNC tickets reaching Super Bowl prices due to Zion Williamson

Sports
Feb. 19 (UPI) -- The annual showdown between Duke and North Carolina takes place Wednesday night in the 9,314-seat Cameron Indoor Stadium, with tickets reaching Super Bowl prices. As of Tuesday night, the cheapest seat for the rivalry game costs $ 3,005 on StubHub. The lowest ticket on Vivid Seats is listed at $ 2,919. If fans want to upgrade to higher-quality seats, ticket prices bump up to the $ 4000-plus range. Tickets for the New England Patriots and Los Angeles Rams matchup in Super Bowl LIII, just to get in the door, were selling for about $ 2,300 during the week of the game, according to Business Insider. One ticket to this week's game sold for $ 10,652, according to Vivid Seats. The Rivalry. Legendary games that never disappoint. pic.twitter.com/sHzpnGcfjF— Duke Basketball (...
Energy prices to increase for millions as Ofgem raises cap

Energy prices to increase for millions as Ofgem raises cap

Business
More than half of British households are set to see an increase in the cost of energy in April after the regulator, Ofgem, raised price caps.Ofgem sets maximum prices that can be charged for gas and electricity to those who have not switched suppliers and are on default tariffs.The new cap could see these households typically pay an extra £117 a year.The regulator is allowing suppliers to cover the higher costs they face on the wholesale market."We can assure these customers that they remain protected from being overcharged for their energy and that these increases are only due to actual rises in energy costs, rather than excess charges from supplier profiteering," said Dermot Nolan, chief executive of Ofgem. About 11 million households are on defau...
Apple hints at lower iPhone prices as sales fall

Apple hints at lower iPhone prices as sales fall

Technology
Apple boss Tim Cook has hinted it could lower iPhone prices in some places in an attempt to boost falling sales.Revenue from the iPhone, responsible for most of the firm's profits, fell 15% in its latest financial quarter.Overall the firm's revenue was down 5% from a year ago to about $ 84.3bn (£64.5bn).The slowdown had been expected after the tech giant warned investors earlier this month that revenue would be about $ 84bn, lower than expected.The firm had blamed the issues partly on an economic slowdown in China.But chief executive Tim Cook said customers were also struggling with the firm's high prices.He said a strong dollar, which makes its products comparatively more expensive, had hurt its sales in emerging markets.M...