Garlic has become the latest victim of price inflation in basic commodities, witnessing a nearly doubling of prices over the past few days. The escalating rates, now reaching Rs 400 per kg in some areas, are attributed to dwindling supplies. Garlic, a staple spice in Indian households, has experienced a rapid surge in prices, currently […]
The government anticipates onion prices to decline below Rs 40 per kilogram by January from the current average price of Rs 57.02 per kilogram, Consumer Affairs Secretary Rohit Kumar Singh said on Monday. Last week, the government banned onion exports till March of next year after the retail sales price of the kitchen staple crossed […]
Quality Street maker Nestle and Cadbury owner Mondelez are witnessing higher sales of confectionery in Britain this holiday season driven by cash-strapped shoppers seeking cheaper gifts, Reuters reported. According to analysts and consumer companies, consumers hit by inflation and higher mortgage rates are purchasing less expensive gifts this year. Some are opting for toys and […]
Financial market participants in India will closely monitor the outcome and the policy stance of the central bank, the Reserve Bank of India (RBI), to be announced at 10 am Friday (today), for fresh cues. As things stand, the monetary policy committee is most likely to maintain status quo. The three-day bi-monthly monetary policy committee […]
Cars manufactured by Hyundai Motor India will cost more starting January 2024. The automaker announced on Thursday that the price increase was needed owing to rising input costs, an adverse exchange rate, and an increase in commodity prices, amongst other reasons. However, the automaker maintains it will continue to make consistent internal efforts to minimise […]
India’s GDP growth rate is anticipated to ascend to 7 per cent by 2026, outpacing China’s projected growth of 4.6 per cent, according to a report from S&P Global Ratings titled ‘China Slows India Grows. ‘The report foresees a shift in the growth engine of the Asia-Pacific region from China to South and Southeast Asia. […]
Automaker Maruti Suzuki is yet again set to increase the prices of its cars in January. According to the automaker, the proposed hike was necessitated due to an increased cost pressure driven by overall inflation and increased commodity prices. “While the company makes maximum efforts to reduce cost and offset the increase, it may have […]
A decline in international crude oil prices will help control India’s inflationary pressures going forward, the country’s finance ministry said in a report on Tuesday. India’s retail inflation eased in October to a four-month low of 4.87 per cent, edging closer to the central bank’s target of 4 per cent. India’s crude oil basket has […]
Gold prices rose to an over two-week high on Tuesday, as the US dollar dipped on expectations that the Federal Reserve is done hiking interest rates, while investors awaited minutes from the central bank’s latest meeting for further policy cues. Spot gold climbed 0.5 per cent to USD 1,987.79 per ounce, as of 12:15 GMT, […]
Despite a decline in retail inflation to a four-month low of 4.87 per cent in October, India’s food inflation continues to exceed New Delhi’s “comfort” level, as indicated by a government official on Wednesday. The country’s retail inflation is approaching the central bank’s target of 4 per cent, a prerequisite for initiating rate reductions, the […]
