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Photo used for representation purpose only. File | Photo Credit: Sushil Kumar Verma India’s retail inflation shot back to a nine-month high of 5.5% in September, from 3.65% in August, thanks to a resurgence in food price rise to 9.24% after two months under the 6% mark. For rural consumers, inflation neared the 6% mark…
Read More “Retail inflation shoots back to nine-month high of 5.5%” »
S&P Global Ratings in a report said the business groups such as Birla, Mahindra, Hinduja, Hero, ITC, Bajaj and the Murugappa groups have a record of conservative growth. File | Photo Credit: Photo: Twitter/@SPGlobalRatings “India’s large business groups will spend about $800 billion on growth over the next 10 years, almost triple of what they spent…
Potato and Onion prices were up 78.1% and 78.8%, respectively, in September, accelerating from the previous month, while fruits and pulses inflation eased marginally from the previous month at 12.2% and 13%, respectively. File | Photo Credit: The Hindu Inflation in India’s wholesale prices increased to 1.84% in September from 1.31% in August, with food…
Read More “Wholesale price inflation rises to 1.84% in September against 1.31% in August” »
At the interbank foreign exchange, the rupee opened at 84.06 against the greenback and traded in a tight range. In initial trade it touched 84.05, registering a rise of 5 paisa over its previous close. File | Photo Credit: Reuters The rupee rebounded from its all-time low levels and appreciated 5 paise to 84.05 against…
Read More “Rupee trades in narrow range against U.S. dollar in early trade” »
A view of the the Bombay Stock Exchange (BSE). File photo | Photo Credit: REUTERS Equity benchmark indices Sensex and Nifty climbed in early trade on Monday (October 14, 2024) helped by buying in banking and financial stocks amid a positive trend in global equities. The 30-share BSE Sensex jumped 460.38 points or 0.57 per…
Read More “Sensex jumps 430 points in early trade on positive global trends” »
CCPA mandated Ola to issue bills or invoices for all auto rides booked through its platform, citing the absence of such documentation as an “unfair trade practice” under the Consumer Protection Act, 2019. Image for representation. | Photo Credit: Reuters The Central Consumer Protection Authority (CCPA) has directed ride-hailing platform Ola to implement consumer-friendly changes,…
Read More “Consumer watchdog CCPA orders Ola to offer refund choices, provide auto ride receipts” »
The maximum decline of average airfare is 38% for a Bengaluru-Kolkata flight to ₹ 6,319 this year from ₹ 10,195 last year, as per ixigo analysis. | Photo Credit: PTI Air passengers might have a reason to smile this Diwali season as average airfares on many domestic routes have dropped 20-25% compared to the year-ago period,…
Read More “Average airfares around Diwali drop 20-25% on many domestic routes” »
According to the data, FPIs made a net withdrawal of ₹58,711 crore from equities between October 1 and 11. File. | Photo Credit: Reuters Foreign investors turned net sellers in October, withdrawing shares worth ₹58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil…
Chinese Finance Minister Lan Fo’an. File | Photo Credit: AP “The Chinese government is looking at additional ways to boost the economy,” Finance Minister Lan Fo’an said on Saturday (October 12, 2024,) but he stopped short of unveiling a major new stimulus plan that analysts and stock investors were hoping for. Mr. Lan’s remarks left…
Boeing employees build 777 aircrafts under production at the Everett Production Facility on June 26, 2024 in Everett, Washington. | Photo Credit: AFP Boeing will cut 17,000 jobs, or 10% of its global workforce, delay the first delivery of its 777X jet by a year and expects substantial new losses in its defence business as…
Read More “Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances” »