[ad_1] NEW DELHI: Wholesale price-based inflation contracted for the third straight month in June on the back of easing food, fuel and manufactured product prices. The gap between retail and wholesale inflation widened.Data released by the commerce and industry ministry on Friday showed inflation, based on the wholesale price index (WPI), fell 4. 1% in … Read more
[ad_1] A bulletinBringing down inflation, as well as market and household expectations of future inflation would be key to reviving private capital expenditure, the Reserve Bank of India (RBI) said in its monthly bulletin released on Friday.“Recent national accounts data and corporate results when read in conjunction clearly show that inflation is slowing down personal … Read more
[ad_1] Reliance Industries Ltd. is planning to list its digital financial services unit as soon as October, according to people familiar with the matter.The conglomerate, controlled by billionaire Mukesh Ambani, is in talks with Indian regulators to secure the necessary approvals for the market debut of Jio Financial Services Ltd. in Mumbai, one of the … Read more
[ad_1] NEW DELHI: FMCG major Hindustan Unilever Ltd on Thursday reported an increase of 12.74 per cent in its consolidated net profit at Rs 2,601 crore for the fourth quarter ended March 31, 2023, led by underlying volume growth and improvement in margins.The company had posted a net profit of Rs 2,307 crore in the … Read more
[ad_1] CHENNAI: The full reopening of the economy last year, cyclical recovery in consumption, increased private sector capex, and acceleration on government spending will contribute for 6.2 per cent growth in India’s gross domestic product (GDP) in FY24, said Morgan Stanley in a report.The report also said the inflation in India is likely to be … Read more
[ad_1] WASHINGTON: The US economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the government said Thursday in a slight downgrade from its previous estimate. But consumer spending, which drives most of the economy’s growth, was revised sharply down.The government had previously estimated that the economy … Read more