BUSINESS
Retail inflation jumps to new high of 7.44% in July
The rise in retail and food inflation in July is huge compared to the fact that retail inflation in June was 4.87 per cent, while food inflation was 4.55 per cent.
SEBI seeks 15 more days from SC to conclude probe in Adani-Hindenburg case
The market regulator said that it has examined 24 matters in compliance with orders of the top court and “out of the said 24 investigations/ examinations, 17 are final and complete."
Lower rice and pulses sowing has pushed prices higher
Deficient monsoon in states (with 24 per cent share), such as Uttar Pradesh (14 per cent below normal), Karnataka (10 per cent below normal), Andhra Pradesh (9 per cent below normal), and Jharkhand (37 per cent below normal) coupled with large excess rainfall in the states (24 per cent share) of Gujarat (38 per cent above normal) and Rajasthan (39 per cent above normal) is affecting sowing of pulses. Lower irrigation cover in all the major states would affect pulses production more. Inflation in pulses has nearly doubled in the past five months, the report said.
Foxconn to establish industrial parks, optimise business in India: Chairman
Foxconn Chairman Young Liu said that since they entered India in 2005, its revenue, number of employees, and investment scale have grown exponentially.
WPI inflation rises to three month high of -1.36% in July
The WPI inflation has remained in the deflationary zone for the fourth month in a row in July, data released on Monday by the Union commerce ministry showed.
CarTrade Tech completes acquisition of OLX India's auto business for Rs 536 cr
CarTrade Tech said the acquisition is in furtherance of the strategic objectives of the company to undertake investments that provide synergistic benefits to its existing businesses.
Market construct turns negative with spike in dollar index
The Bank Nifty has been a pressure point for the markets during the last several trading days. The RBI decision to raise the CRR of banks to neutralise the excess liquidity created by the withdrawal of Rs 2000 notes has added to the negative sentiments in the banking sector, he said.
Centre's debt rose by 174% between 2013-14 & 2022-23, external debt by 100%
External debt is a component of Central government's overall debt.
Markets see more than 90% chance of US Fed pausing rate hike next month
Some officials think the Fed has already raised its benchmark lending rate enough to curb inflation, but others think it’s too soon to tap the brakes, CNN reported.
Florida-bound American Airlines flight drops 15k feet in 3 minutes, passenger shares ordeal
The flight was en route Gainesville from Charlotte, North Carolina in the US when the crew reported a possible pressurisation issue, Fox 35 News quoted Federal Aviation Administration (FAA) spokesperson as saying.
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