With food inflation contributing over 75 per cent to headline inflation in May and June and making up 46 per cent of the CPI basket, vegetable prices accounted for 35 per cent of June's inflation
Grocery convenience retail startup is in talks with Godfrey Phillips India to acquire its 24Seven retail stores
The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged with a majority of 4-2
The company's profit rose 36 per cent year-on-year (Y-o-Y) to Rs 22.1 crore in Q1FY25, from Rs 16.1 crore in the same quarter last year (Q1FY24).
The growth forecast for the current financial year remains unchanged at 7.2 per cent
US stocks gave up previous day gains to end lower on Wednesday as concerns about the outlook for the U.S. economy continued to hang over the markets. The major averages on the Wall Street ended the day just off their lows of the session. The Nasdaq slumped 171.05 points or 1.1 percent to 16,195.81, the S&P 500 slid 40.53 points or 0.8 percent to 5,199.50 and the Dow fell 234.21 points or 0.6 percent to 38,763.45. Tuesdays gains came as Bank of Japan offered investors some confidence after Deputy... Читать дальше...
Sales rise 12.51% to Rs 639.70 crore
Lemon Tree Hotels dropped 4.52% to Rs 133.05 after the company reported a 15.55% fall in consolidated net profit to Rs 19.81 crore in Q1 FY25 as compared to Rs 23.46 crore posted in Q1 FY24.
The rupee witnessed range-bound trading in initial deals against the US dollar on Thursday, ahead of the Reserve Bank of India's monetary policy outcome. Market participants are awaiting cues from the central bank's observation of recent events and its observations on food inflation which continues to remain high. Foreign fund outflows and gains in Brent crude price further dented investor sentiments. At the interbank foreign exchange, the rupee opened at 83.94 against the greenback, then touched 83.93... Читать дальше...
Nancy Pelosi's influence can be seen all across the Democratic Party shakeup that in a few short, agonising weeks has reengineered the 2024 presidential ticket and the race for the White House. It was Pelosi who publicly encouraged President Joe Biden to make a decision about his reelection campaign when he had already insisted he had no plans to step aside. Once he exited and endorsed Kamala Harris atop the ticket, it was Pelosi who was a big fan of her future running mate, Tim Walz. For the House... Читать дальше...
Rising food costs, especially for vegetables, and hikes in telecom tariffs last month were offset by a higher base from July last year
Vinesh Phogat, who typically competes in the 53 kg category, decided to switch to the 50 kg weight category for her bid in the Paris Olympic Games
The withholding tax rate on mutual fund income for resident individuals has been set at 10%
Earth's string of 13 straight months with a new average heat record came to an end this past July as the natural El Nino climate pattern ebbed, the European climate agency Copernicus announced Wednesday. But July 2024's average heat just missed surpassing the July of a year ago, and scientists said the end of the record-breaking streak changes nothing about the threat posed by climate change. "The overall context hasn't changed," Copernicus deputy director Samantha Burgess said in a statement. "Our... Читать дальше...
At 10:30 ST, the barometer index, the S&P BSE Sensex, was down 209.24 points or 0.26% to 79,258.59. The Nifty 50 index lost 58.95 points or 0.24% to 24,238.55.
Yunus and the Bangladesh Nationalist Party (BNP), Hasina's main political opponent, called for calm and an end to violence
Bangladesh crisis: Former Bangladesh Prime Minister Sheikh Hasina resigned on Monday and arrived at Hindon Air Base in Ghaziabad
Elsewhere, Taiwan's tech-heavy stock benchmark sagged 2% and Hong Kong's Hang Seng lost 1%
Ahead of its listing, the grey market premium (GMP) for Ceigall India IPO was quoted around Rs 17-18, suggesting moderate listing gains
Shares of Ceigall India were currently trading at Rs 410 at 10:10 IST on the BSE, representing a premium of 2.24% as compared with the issue price of Rs 401.
At meeting held on 07 August 2024
Management indicated that cement demand would remain weak until calendar year 2024-end and expects a full recovery from Q4FY25, brokerage firm MOFSL said.
The Reserve bank of India, in its bi-monthly monetary policy kept benchmark repo rate unchanged at 6.5%, maintaining the same level for the eighth consecutive review since February 2023. MPC decided to remain focused on withdrawal of accommodation stance. MPC judged that it is important for monetary policy to stay the course while maintaining close vigil on risks. Governor Shaktikanta Das said that ensuring price stability eventually results in and supports a period of sustained growth. He said,... Читать дальше...
Sheikh Hasina, who led Bangladesh for four terms and was re-elected for a fifth, left the country on Monday amid escalating protests across the nation
Maharashtra Governor CP Radhakrishnan has said he will work to make the state's economy larger than Japan and Germany and to ensure the wealth created reached the remotest village of the state. He was speaking here on Wednesday at the launch of 'Yoddha Karmayogi - Eknath Sambhaji Shinde', a biography of Chief Minister and Shiv Sena leader Eknath Shinde. He highlighted Maharashtra's crucial role in realising Prime Minister Narendra Modi's vision of a 'Viksit Bharat' (developed India) by 2047. The... Читать дальше...