NEW DELHI: Retail inflation eased slightly to a 12-month low in May with prices of some food items moderating marginally, while the index of industrial production (IIP) growth held steady at 5% level in April.Data released by the National Statistical Office (NSO) on Wednesday showed retail inflation, as measured by the Consumer Price Index (CPI),…
MUMBAI: RBI‘s monetary policy committee is expected to maintain a status quo on rates for the eighth consecutive time. The panel is scheduled to meet between June 5 and June 7.A possible victory for the ruling NDA as indicated in exit polls is expected to result in lower bond yields and a stronger rupee.According to…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, saw a muted opening in trade on Wednesday. While BSE Sensex moved up over 80 points, Nifty50 was above 22,250. At 9:21 AM, BSE Sensex was trading at 73,190.34, up 86 points or 0.12%. Nifty50 was at 22,257.25, up 39 points or 0.18%.The…
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, rose in trade on Tuesday. While BSE Sensex climbed up over 180 points to near 73,000 levels, Nifty50 was above 22,100. At 9:24 AM, BSE Sensex was trading at 72,833.90, up 58 points or 0.079%. Nifty50 was at 22,132.75, up 29 points or 0.13%.On…
April 2024 CPI Inflation: The Consumer Price Index (CPI) inflation for the month of April eased to 4.83%. The rural inflation was reported at 5.43% and urban inflation came in at 4.11%. The CPI inflation for the month of March 2024 stood at 4.85%. RBI’s Monetary Policy Committee has a CPI inflation target of 4%,…
Stock market today: BSE Sensex and Nifty, the Indian stock market benchmark indices, opened in red on Friday with the 30-share index dipping 250 points and Nifty50 going below 22,700. At 9:25 AM, BSE Sensex was trading at 74,882.02, down 156 points or 0.21%. Nifty50 was at 22,702.65, down 51 points or 0.22%.Equity markets continued…
NEW DELHI: The Asian Development Bank raised India’s growth forecast for the current year to 7 per cent, from 6.7 per cent earlier, citing strengthening investment and improving consumption demand in the country, and pegged next year’s expansion at 7.2 per cent. It also estimated inflation to stay around 4.6 per cent in 2024.ADB had…
Mumbai: RBI‘s monetary policy committee on Friday decided to keep interest rates on hold for the seventh successive meeting, stating that “growth has surpassed all projections but cautioned that food price uncertainties continue to weigh on the inflation trajectory going forward”. RBI governor Shaktikanta Das said, “Two years ago, when inflation was at its peak…
Puma on Tuesday said it expects a weak first half of the year in a challenging market, but shares in the German sportswear brand climbed as it kept its dividend and stuck to the annual targets it set in January. Sportswear companies including Adidas, Nike, and Puma, have seen demand weaken as customers battling with…
Representative image New Delhi: In a captivating economic narrative, India‘s gold market finds itself at a pivotal juncture, delicately manoeuvring through the interplay of age-old traditions and modern financial evolution. An in-depth econometric analysis sheds light on the intricate web of factors influencing the dynamics of one of the world’s largest gold-consuming nations. India, now…
