Despite global crude oil prices plunging below $70 a barrel, Indian consumers continue to feel the sting at the pump. Prices in many regions have stayed around 100 rupees per litre for almost two years now. This ongoing burden is a glaring indictment of government policies that prioritize big oil Companies over the welfare of the common man.

Indians demand relief from high oil prices

Despite global crude oil prices plunging below $70 a barrel, Indian consumers continue to feel the sting at the pump. Prices in many regions have stayed around 100 rupees per litre for almost two years now. This ongoing burden is a glaring indictment of government policies that prioritize big oil companies over the welfare of the common man.

Why India's fuel pricing needs major overhaul

Burger chain Wendy's has clarified that it has no plans to raise menu prices at times of peak demand. Wendy's clarification came after a public backlash over the burger chain CEO's comments that it may start testing "Dynamic pricing".

Wendy's: No surge pricing on orders

<p>Billionaire Elon Musk's Tesla has embarked on a strategy that has triggered a price war among the electric carmakers in the hyper-competitive Chinese market. The company has slashed prices of its cars, up to 50 per cent, that has forced other companies to take similar steps in order to stay competitive. Tesla's deep price cut even threatens to drive competitors out of the market.</p>

<p>Tesla's gameplan came into force last October. Tesla, a dominant player in the Chinese market, manufactures its cars at its factory in Shanghai. The initial price cut in October was followed by another round which made Tesla's locally manufactured cars 14 per cent cheaper than they were last year. In some cases, the cars were 50 per cent cheaper than their price in the US and Europe.</p>

<p>Tesla's aggressive pricing strategy forced other carmakers to reduce prices of their models. Both, local and global brands have got drawn into the price war. These include Xpeng, Nio Volkswagen, Mercedes-Benz to name a few.&nbsp;</p>

<p>Mercedes Benz has offered a discount of up to 70,000 yuan (USD 10,000). Ford Motor Company has brought down the price of its Mach-E electric sport utility vehicle to 209,000 yuan. This makes it cheaper by about a third than it is in the US.</p>

<p>“Tesla created havoc for the rest of the market,” said Jochen Siebert, managing director of JSC Automotive, a consultancy with offices in Shanghai and Stuttgart.<br />
&nbsp;&nbsp;<br />
Siebert was quoted by Bloomberg in its report over the situation.</p>

<p><em>(With inputs from agencies)</em></p>

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Billionaire Elon Musk's Tesla has embarked on a strategy that has triggered a price war among the electric carmakers in the hyper-competitive Chinese market. The company has slashed prices of its cars, up to 50 per cent, that has forced other companies to take similar steps in order to stay competitive.

Billionaire Elon Musk's Tesla has embarked on a strategy that has triggered a price war among the electric carmakers in the hyper-competitive Chinese market. The company has slashed prices of its cars, up to 50 per cent, that has forced other companies to take similar steps in order to stay competitive. Tesla's deep price cut even threatens to drive competitors out of the market. Tesla's gameplan came into force last October. Tesla, a dominant player in the Chinese market, manufactures its cars at its factory in Shanghai. The initial price cut in October was followed by another round which made Tesla's locally manufactured cars 14 per cent cheaper than they were last year. In some cases, the cars were 50 per cent cheaper than their price in the US and Europe. Tesla's aggressive pricing strategy forced other carmakers to reduce prices of their models. Both, local and global brands have got drawn into the price war. These include Xpeng, Nio Volkswagen, Mercedes-Benz to name a few. Mercedes Benz has offered a discount of up to 70,000 yuan (USD 10,000). Ford Motor Company has brought down the price of its Mach-E electric sport utility vehicle to 209,000 yuan. This makes it cheaper by about a third than it is in the US. “Tesla created havoc for the rest of the market,” said Jochen Siebert, managing director of JSC Automotive, a consultancy with offices in Shanghai and Stuttgart. Siebert was quoted by Bloomberg in its report over the situation. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

Tesla’s 50 per cent price slash creates ‘havoc’ in Chinese electric car market: Report

<p>The Supreme Court on Wednesday asked the central government for pricing details of the Rafale deal. The court also asked for details of the deal's offset partner.&nbsp;</p>

<p>The court told the government that details of the deal that should legitimately be in the public domain should be shared with the petitioners who have filed PILs against the deal.&nbsp;</p>

<p>The court added that the details should be handed over in a sealed cover within the next 10 days.&nbsp;</p>

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<p dir="ltr" lang="en">Supreme Court asks Centre to give details of the pricing and strategic details of <a href="https://twitter.com/hashtag/Rafale?src=hash&amp;ref_src=twsrc%5Etfw">#Rafale</a> aircraft in a sealed cover to the court, in 10 days. <a href="https://t.co/wqKbErKpbh">pic.twitter.com/wqKbErKpbh</a></p>
— ANI (@ANI) <a href="https://twitter.com/ANI/status/1057503215422504962?ref_src=twsrc%5Etfw">October 31, 2018</a></blockquote>
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<p dir="ltr" lang="en">Supreme Court asks Central government to disclose information on <a href="https://twitter.com/hashtag/Rafale?src=hash&amp;ref_src=twsrc%5Etfw">#Rafale</a> deal which can be legitimately put in public domain and information on induction of Indian offset partner be furnished to petitioners who have filed PILs <a href="https://t.co/XWMpffILGJ">https://t.co/XWMpffILGJ</a></p>
— ANI (@ANI) <a href="https://twitter.com/ANI/status/1057504656270811136?ref_src=twsrc%5Etfw">October 31, 2018</a></blockquote>
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<p>The court made clear Wednesday that it did not want technical details of the deal, saying that none of the PILs filed against the deal had challenged the suitability of the fighter jet.&nbsp;</p>

<p>The court also added that the government did not need to hand over any details that were secret, or which might affect national security.&nbsp;</p>

<p>Attorney General KK Venugopal however told the court that the deal's pricing details could not be shared with the court, in reply to which the court ordered the Centre to file an affidavit saying why that was so.&nbsp;</p>

<p>The court had earlier asked the government for <a href="http://www.wionews.com/india-news/rafale-deal-supreme-court-asks-govt-for-details-of-decision-making-process-170590">details of the deal's decision-making process</a>.&nbsp;</p>

<p>The opposition has accused the Narendra Modi-led government of corruption in the Rafale deal. &nbsp;</p>

<p>An original deal to buy 126 Rafale fighter planes from France's Dassault Aviation had been brokered by the UPA government. Then, in 2015, Modi signed a new government-to-government deal with then French president Francois Hollande to buy 36 of the planes.&nbsp;</p>

<p>The opposition — led by Congress president Rahul Gandhi — says the NDA government is paying three times as much as the UPA government had agreed to pay for every Rafale. The opposition has also accused the government of crony capitalism.&nbsp;</p>

<p>According to India's defence acquisition rules, a foreign company making a large sale to India has to funnel 30% of the money paid to it back into India. That by definition requires it to have an Indian partner or partners.&nbsp;</p>

<p>The original Indian partner in the Rafale deal was the public sector HAL (Hindustan Aeronautics Ltd). But HAL was turfed out of the new deal, in favour of Anil Ambani's Reliance Defence which has little to no experience in the defence and aerospace industries.&nbsp;</p>

<p>The government had earlier said it was Dassault which chose Reliance and they had nothing to do with it but Hollande, while on a trip to India, recently said it was the Indian government which had suggested Reliance's name.&nbsp;</p>

<p>&nbsp;</p>


The Supreme Court on Wednesday asked the central government for pricing details of the Rafale deal. The court also asked for details of the deal's offset partner.

The Supreme Court on Wednesday asked the central government for pricing details of the Rafale deal. The court also asked for details of the deal's offset partner. The court told the government that details of the deal that should legitimately be in the public domain should be shared with the petitioners who have filed PILs against the deal. The court added that the details should be handed over in a sealed cover within the next 10 days. Supreme Court asks Centre to give details of the pricing and strategic details of #Rafale aircraft in a sealed cover to the court, in 10 days. pic.twitter.com/wqKbErKpbh — ANI (@ANI) October 31, 2018 × Supreme Court asks Central government to disclose information on #Rafale deal which can be legitimately put in public domain and information on induction of Indian offset partner be furnished to petitioners who have filed PILs https://t.co/XWMpffILGJ — ANI (@ANI) October 31, 2018 × The court made clear Wednesday that it did not want technical details of the deal, saying that none of the PILs filed against the deal had challenged the suitability of the fighter jet. The court also added that the government did not need to hand over any details that were secret, or which might affect national security. Attorney General KK Venugopal however told the court that the deal's pricing details could not be shared with the court, in reply to which the court ordered the Centre to file an affidavit saying why that was so. The court had earlier asked the government for details of the deal's decision-making process. The opposition has accused the Narendra Modi-led government of corruption in the Rafale deal. An original deal to buy 126 Rafale fighter planes from France's Dassault Aviation had been brokered by the UPA government. Then, in 2015, Modi signed a new government-to-government deal with then French president Francois Hollande to buy 36 of the planes. The opposition — led by Congress president Rahul Gandhi — says the NDA government is paying three times as much as the UPA government had agreed to pay for every Rafale. The opposition has also accused the government of crony capitalism. According to India's defence acquisition rules, a foreign company making a large sale to India has to funnel 30% of the money paid to it back into India. That by definition requires it to have an Indian partner or partners. The original Indian partner in the Rafale deal was the public sector HAL (Hindustan Aeronautics Ltd). But HAL was turfed out of the new deal, in favour of Anil Ambani's Reliance Defence which has little to no experience in the defence and aerospace industries. The government had earlier said it was Dassault which chose Reliance and they had nothing to do with it but Hollande, while on a trip to India, recently said it was the Indian government which had suggested Reliance's name.

Rafale deal: SC asks Centre for pricing details, govt says cannot share

<p>The Supreme Court on Wednesday asked the Central government for details of the decision-making process in the Rafale deal.&nbsp;</p>

<p>PTI reported that the <a href="http://www.wionews.com/india-news/supreme-court-to-hear-new-pil-challenging-rafale-deal-on-wednesday-170170">court asked for the details</a> in a sealed cover, while clarifying that it did not want information on the deal's pricing and technical details.&nbsp;</p>

<p>The opposition has accused the Narendra Modi-led government of corruption in the Rafale deal.&nbsp;&nbsp;</p>

<p>An original deal to buy 126 Rafale fighter planes from France's Dassault Aviation had been brokered by the UPA government. Then, in 2015, Modi signed a new government-to-government deal with then French president Francois Hollande to buy 36 of the planes.&nbsp;</p>

<p>The opposition — led by Congress president Rahul Gandhi — says the NDA government is paying three times as much as the UPA government had agreed to pay for every Rafale. The opposition has also accused the government of crony capitalism.&nbsp;</p>

<p>According to India's defence acquisition rules, a foreign company making a large sale to India has to funnel 30% of the money paid to it back into India. That by definition requires it to have an Indian partner or partners.&nbsp;</p>

<p>The original Indian partner in the Rafale deal was the public sector HAL (Hindustan Aeronautics Ltd). But HAL was turfed out of the new deal, in favour of Anil Ambani's Reliance Defence which has little to no experience in the defence and aerospace industries.&nbsp;</p>

<p>The government had earlier said it was Dassault which chose Reliance and they had nothing to do with it but Hollande, while on a trip to India, recently&nbsp;said it was the Indian government which had suggested Reliance's name.&nbsp;</p>

<p>The Supreme court was on Wednesday hearing various petitions against the Rafale deal. The petitions seek directions from the&nbsp;top court, including asking the Centre to reveal details of the Rafale deal and the comparative prices of the deals brokered by the UPA and the NDA governments.&nbsp;</p>

<p>The Supreme Court bench hearing the petitions on Wednesday comprised Chief Justice Ranjan Gogoi and Justices SK Kaul and KM Joseph.&nbsp;</p>

<p><em>(With inputs from PTI)</em><br />
&nbsp;<br />
&nbsp;</p>


The Supreme Court on Wednesday asked the Central government for details of the decision-making process in the Rafale deal. PTI reported that the court asked for the details in a sealed cover, while clarifying that it did not want information on the deal's pricing and technical details.

The Supreme Court on Wednesday asked the Central government for details of the decision-making process in the Rafale deal. PTI reported that the court asked for the details in a sealed cover, while clarifying that it did not want information on the deal's pricing and technical details. The opposition has accused the Narendra Modi-led government of corruption in the Rafale deal. An original deal to buy 126 Rafale fighter planes from France's Dassault Aviation had been brokered by the UPA government. Then, in 2015, Modi signed a new government-to-government deal with then French president Francois Hollande to buy 36 of the planes. The opposition — led by Congress president Rahul Gandhi — says the NDA government is paying three times as much as the UPA government had agreed to pay for every Rafale. The opposition has also accused the government of crony capitalism. According to India's defence acquisition rules, a foreign company making a large sale to India has to funnel 30% of the money paid to it back into India. That by definition requires it to have an Indian partner or partners. The original Indian partner in the Rafale deal was the public sector HAL (Hindustan Aeronautics Ltd). But HAL was turfed out of the new deal, in favour of Anil Ambani's Reliance Defence which has little to no experience in the defence and aerospace industries. The government had earlier said it was Dassault which chose Reliance and they had nothing to do with it but Hollande, while on a trip to India, recently said it was the Indian government which had suggested Reliance's name. The Supreme court was on Wednesday hearing various petitions against the Rafale deal. The petitions seek directions from the top court, including asking the Centre to reveal details of the Rafale deal and the comparative prices of the deals brokered by the UPA and the NDA governments. The Supreme Court bench hearing the petitions on Wednesday comprised Chief Justice Ranjan Gogoi and Justices SK Kaul and KM Joseph. (With inputs from PTI)

Rafale deal: Supreme Court asks govt for details of decision-making process

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