Inflation
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Bangladesh's inflation reaches 12-year high to 11.66 per cent in July, GDP expected to decline
Business | August 13, 2024 16:38 ISTAn interim government was formed in Bangladesh after the fall of the Hasina-led government, and its Chief Adviser, 84-year-old Nobel laureate Muhammad Yunus, announced the portfolios of his 16-member council of advisors last week.
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Retail inflation declines to 3.54 per cent in July, lowest in nearly five years
Business | August 12, 2024 18:32 ISTIndia's retail inflation eased to 3.54 per cent in July, falling below the Reserve Bank of India's 4 per cent target for the first time in years.
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Bangladesh unrest escalates: Protesters set jail on fire, free hundreds of inmates
World | July 19, 2024 20:52 ISTIn a dramatic escalation of student protests in Bangladesh, demonstrators stormed a jail in Narsingdi, freeing hundreds of inmates and setting the facility on fire. A police officer confirmed the incident, and a resident witnessed prisoners fleeing with their belongings.
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IMF upgrades India's GDP forecast to 7 per cent for 2024-25
Business | July 16, 2024 19:52 ISTThe IMF has upgraded India's GDP growth forecast to 7% for the fiscal year 2024–25, citing anticipated improvements in rural consumption. Despite maintaining global growth projections at 3.2%, the IMF cautioned about risks including inflation and trade tensions, urging prudent monetary policies.
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Sensex surpasses 80,700, Nifty holds 24,600, Realty and FMCG stocks shine
Business | July 16, 2024 16:42 ISTSensex and Nifty closed at new record highs on Tuesday, driven by a series of positive economic factors and strong institutional buying. Sectoral performance was mixed, with Nifty Realty leading gains and Nifty Media seeing the largest decline.
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WPI inflation surges to 16-month high of 3.36 per cent in June on costlier vegetables
Business | July 15, 2024 16:06 ISTWholesale inflation in India reached a 16-month high of 3.36% in June, driven by rising prices of food articles, especially vegetables, and manufactured items. This marks the fourth consecutive month of increasing inflation, up from 2.61% in May.
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Retail inflation surges to 5.08 per cent in June, Industrial production jumps to 5.9, says Govt
Business | July 12, 2024 17:59 ISTRetail inflation increased to 5.08 per cent in June as kitchen items became dearer, according to government data released today. The industrial production grew 5. 9 per cent in May this year, mainly due to good show by mining and power sectors.
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India-Russia energy cooperation helped control fuel prices, inflation in India: PM Modi tells Putin
World | July 10, 2024 9:10 ISTNotably, India, the world's third-biggest oil importer and consumer, has become the biggest buyer of seaborne Russian crude since the West halted purchases and imposed sanctions against Moscow in the aftermath of Russia's 2022 invasion of Ukraine.
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Parliament Session HIGHLIGHTS | PM Modi to address Lok Sabha on Tuesday
India | July 01, 2024 23:15 ISTThe Lok Sabha witnessed some fiery debates in Lok Sabha on Monday as Rahul Gandhi addressed the House and attacked the government over a range of issues. Some of his remarks drew reactions from Prime Minister Narendra Modi, Home Minister Amit Shah and other ministers.
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RBI keeps repo rate unchanged at 6.5% for eight consecutive time | Key highlights
Business | June 07, 2024 13:01 ISTRBI Governor Shaktikanta Das revealed the next set of monetary policies on Friday morning. Earlier, experts anticipated that the RBI will maintain the benchmark interest rate at 6.5%, unchanged since February 2023, due to inflation concerns.
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Family members of THIS country unable to perform last rites as funeral costs jump to Rs 30 lakh
World | May 19, 2024 11:34 ISTIn Canada, there's a significant difference in cemetery plot prices depending on the location. In midtown Toronto, an adult single grave can cost a hefty $34,000, much higher than the average price of $2,800 offered by the Mount Pleasant Group.
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Retail inflation declines to 4.83 per cent in April, kitchen item prices play a role
Business | May 13, 2024 19:32 ISTWhile formulating its bi-monthly monetary policy, the RBI considers consumer inflation. It notes that uncertainties surrounding food prices continue to exert influence on the inflation trajectory in the foreseeable future.
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Gold price rises on Akshaya Tritiya in India: Check gold rates in your city on May 10
May 10, 2024 16:19 ISTGold rates in India saw a slight increase on Friday, coinciding with the celebration of Akshaya Tritiya. In Delhi, 10 grams of 24-carat gold was priced at Rs. 73,240 today, while on the Multi Commodity Exchange (MCX), gold contracts for June delivery traded higher by Rs 93 at Rs 73,090 per 10 grams.
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Heatwave threatens to burn a hole in your pocket: Rising temperatures may result in high inflation
Business | May 02, 2024 17:09 ISTEconomists question whether this signifies a new volatile phase in the fight against inflation, with the IMD offering no respite from the blistering temperatures. Aside from health concerns, experts highlight the threat to agricultural output, potentially worsening inflationary pressures.
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Dollar hits fresh 34-year high against Yen amid US inflation surge
Business | April 29, 2024 15:05 ISTDespite the potential for intervention, analysts remain doubtful about its effectiveness. Tapas Strickland from the National Australia Bank highlighted that macroeconomic fundamentals do not currently support a significant shift towards a hawkish monetary stance.
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Whirlpool implements 1,000 job cuts amidst stagnant US appliance demand
Business | April 25, 2024 9:30 ISTWhirlpool, the parent company of household appliance brands Maytag and Amana, is initiating a workforce reduction of approximately 1,000 salaried positions globally due to sluggish demand in the US home appliance market.
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RBI April's Bulletin claims extreme weather may pose risk to inflation across country
Business | April 23, 2024 19:28 ISTThe Reserve Bank, which mainly factors in CPI while arriving at its bi-monthly monetary policy, has kept the key interest rate unchanged at 6.5 per cent since February 2023, citing concerns on the inflation front.
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'PM talks about religion during elections, people make mistake and vote,' says Priyanka Gandhi Vadra
India | April 21, 2024 21:29 ISTPriyanka Gandhi Vadra in an exclusive conversation with India TV targeted the BJP-led government at the Centre saying it doesn't talk about jobs, price rise and tries to divert attention by talking about religion during elections.
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India's retail inflation eases to 5-month low of 4.85 per cent in March
Business | April 12, 2024 19:21 ISTIndia's retail inflation eases to 5-month low of 4.85 per cent in March. The central bank has projected retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon.
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'Prices change faster than dates': Pakistanis dismayed by soaring prices ahead of Ramadan I VIDEO
World | April 07, 2024 13:19 ISTPakistan has been reeling under massive economic woes, with the inflation rate hitting a peak of 38 per cent. This has affected the shopping for Ramadan, where people complain of difficulties in purchasing even simple clothes for their kids.
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