Inflation
- Opinions
A ‘Cool-Headed’ Assessment: Monetary Policy Review June 2022
The MPC hiked repo rate by 50 bps to 4.9 per cent, as was widely expected by the market. However given that recent experience had significantly reduced market’s confidence in being able…
- India
RBI raises repo rate by 50 basis points
New Delhi: The Reserve Bank of India has raised the repo rate by 50 basis points to 4.9 per cent, Governor Shaktikanta Das said on Wednesday, adding that inflation was likely to…
- Technology
Elon Musk plans 10% staff cut at Tesla, freezes hiring
San Francisco: Elon Musk is reportedly planning to axe 10 per cent of Tesla staff, along with freezing hiring amid stalled Twitter deal, global macroeconomic conditions like chip shortage, rising inflation and…
- World
Food, petrol price hikes push up Spain inflation
Madrid: Soaring food and petrol prices have pushed up inflation to 8.7 per cent in Spain in May, according to preliminary data published by the country’s Statistical Institute (INE). May’s increase follows…
- Hyderabad
Hyderabad: Inflation forces restaurants shut in Old City
The rising inflation is heavily costing restaurants in the city with several managements deciding to shut down their business to avoid losses. “About 40 percent of the management of medium level are…
- India
Indian revenue to take a hit following petrol, diesel VAT cuts
As the Centre announced tax cuts on petrol and diesel and additional gas subsidy on May 21, the Indian economy is ready to take a hit of Rs 1 lakh crores. According…
- India
Inflation has become serious concern for families
New Delhi: A majority of Indian families are feeling the pinch of rising expenses due to inflation and seem convinced that growing expenses in the last one year are becoming difficult to…
- India
Country’s wholesale inflation up by 15.08 percent
New Delhi: Wholesale inflation in India surged to 15.08 percent in April from 14.55 percent in the previous month due to a sharp jump in the prices of fuel, metal, food and…
- Business
India’s April wholesale inflation at 15.08%, up from 14.55% in March
New Delhi: India’s wholesale inflation gauged by the Wholesale Price Index rose to 15.08 per cent in April from 14.55 per cent in March, official data showed. The WPI inflation was 10.74…
- Business
Consumer inflation at 8-year high may ‘trigger’ quicker rate hikes
New Delhi: Sounding a red alert on India’s CPI inflation at an 8-year high print of 7.79% YoY in April, Acuite Ratings has said it may trigger quicker rate hikes. “If inflation…
- Business
Apple’s global smartphone market share surges 20% in 1 year
San Francisco: Apple has registered 20 per cent growth in the global smartphone market from the first quarter of 2021 till the same period this year, a new report showed on Monday.…