BUSINESS

On a sub-segment basis, prices of manufactured items remained at elevated levels with a rise of 2.97 per cent from 2.12 per cent reported for September and (-) 0.84 per cent recorded during October 2019. Similarly, the prices of fuel and power with a weightage of 13.15 per cent rose by (-) 9.87 per cent to (-) 10.95 per cent in October 2020.

As per the data furnished by the National Statistical Office (NSO), CPI Urban rose to 6.73 per cent in November from 7.33 per cent in October, while CPI Rural increased to 7.20 per cent last month from 7.75 per cent in October. The Consumer Food Price Index, increased at a slower rate of 9.43 per cent in November from 11 per cent in October.

The farm bills which the government says would bring in reforms to Indian agriculture have resulted in widespread protests among the farmers. Farmers from Punjab, Haryana and Uttar Pradesh are protesting over the past few weeks at the borders of the national capital.

A Crisil research report said on Monday that India's fiscal 2021 real gross domestic product (GDP) will now contract by 7.7 per cent as against a contraction of 9 per cent forecast in September. A faster-than-expected revival in activity in the second quarter, which continues into the festive season, is one of the reasons for the revision.

Foreign investors pumped in liquidity worth Rs 2,264.38 crore on Monday as they eye prospects of a faster economic recovery in India amid subsiding Covid-19 cases. After remaining sideways for the better part of the trading session, the NSE Nifty50 closed at a new record high of 13,558 points, and similarly, the S&P BSE Sensex ended at 46,253 points.

At the beginning of the matter, the Chief Justice said that over the weekend, he had discovered that his son, who is practicing in Mumbai, has been appearing for a subsidiary of SP Group, and asked lawyers appearing in the matter whether they have any objection if he continues to hear the matter.

Other bidders in the fray are a group of 209 Air India employees who have submitted an expression of interest for the national carrier in partnership with a private financier. The bid process is being led by Meenakshi Mallik, who is the current Commercial Director at Air India.

The company said that Exchange Traded Funds (ETF) are cost-efficient as compared to traditional mutual funds due to a lower commission and higher returns which makes it a valuable wealth product for new to investments users. Trading in ETFs additionally presents new short-term income opportunities for investors.

The market had been going down a spiral ever since the first lockdown in March, 2020. But surprisingly there have been 7 billionaires who have seen a massive $64 billion jump, in their fortunes through this chaotic year. The combined wealth of these 7 billionaires was near the $200 billion mark (at $194.39 billion) on Friday, December 11, after rising a strong 50 per cent so far this year, data compiled from the Bloomberg Billionaire Index showed.

The sale assures deals, discounts and offers on wide range of products including smartphones. The Flipkart Plus members can get early access to these offers on December 17 starting 12 pm. Some of the offers avaliable on smartphones are- Offers on Realme variants: - Realme 6 Rs 14,999 variants offering up to 8GB RAM will be priced at Rs. 12,999. - Realme 6 8GB + 128GB storage variant was priced at Rs. 16,999. - Realme Narzo 20 ProRs 14,999, will be available at Rs. 13,999. - Realme 6i Rs 13,999 can be bought for Rs. 11,999 Offers on Samsung and iPhone variants: - Samsung Galaxy F41 6GB + 128GB storage variant comes for Rs. 15,499, and on an exchange, customers can get up to Rs. 1,000 off. - iPhone XR will be available from Rs. 38,999, with no-cost EMI options at Rs. 6,500 per month. - The 64GB variant premium phone is priced at Rs. 44,900 and the 128GB variant on Flipkart comes for Rs. 49,900. - iPhone SE priced at Rs. 35,900 for the 64GB storage configuration, is available at Rs. 32,999. Offers on Oppo and LG variants: - Oppo Reno 2FRs 21,990 6GB + 256GB storage variant is available at Rs. 15,990 - Oppo F15Rs 19,674 4GB + 128GB storage variant will be offered at Rs. 14,990. - LG G8X ThinQRs 33,490 with 6GB RAM and 128GB onboard storage will be priced starting Rs. 27,990