Declining vegetable prices brought down the retail inflation to a 15-month low of 4.59 per cent in December and within the comfort zone of the Reserve Bank, government data showed on Tuesday. It is for the first time during the current fiscal that the Consumer Price Index (CPI) based inflation print is below 6 per cent or in the RBI's target range of 2 to 6 per cent. The central bank factors in the CPI-based inflation while arriving at its monetary policy. The inflation in December 2020 came down from 6.93 per cent in November, mainly on account of 10.41 per cent decline in vegetable prices over the year-ago period.
When word got around in the ministry of external affairs that Siddhartha and Malavika were going to New York and would be with SM Krishna, protocol officers went to Delhi airport to see off the couple. Siddhartha chided them for doing so and when the officials said a government vehicle would be picking them up at John F Kennedy airport on arrival, he told them that he would take a taxi to reach the New York Palace hotel where his father-in-law was staying. K P Nayar reports.
Sachin Tendulkar, who got off the mark with a boundary with his trademark straight drive, dragged an incoming delivery from pacer Mohit Sharma back on to his stumps and was bowled for five on Day 1 of the Ranji Trophy match against Haryana.
Import segments which recorded negative growth include gold, silver, transport equipment, coal, fertiliser, machinery and machine tools. However, exports of oil seeds, coffee, rice, tobacco, spices, pharma, and chemicals reported positive growth in June.
Reigning champions Mumbai, gunning for their 42st Ranji Trophy title, on Wednesday inducted uncapped teenage batsman Prithvi Shaw into their squad for the semi-finals against two-time champions Tamil Nadu to be played at Rajkot from January 1 to 5.
This is the third consecutive month when GST mop-up remained below the Rs 1 lakh crore mark, despite the festival season.
'The government is making more reservations for scheduled castes and scheduled tribes. That, I believe, will ruin Indian industries,' says Professor Baldev Nayar.
Talent squeeze has been eroding some benefits of Indian vendors.
Banks have so far succeeded in passing on almost the entire increase in cost of funds to the borrowers, but are close to reaching a point where it won't be possible to transfer to borrowers the entire burden of increase in interest costs.
The annual list of 'Heroes of Philanthropy', compiled by Forbes Asia magazine, features a total of 48 people from the the Asia-Pacific region, including countries like China, Singapore, Hong Kong and Indonesia.
Middle-order batsman Suryakumar Yadav joined rookie opener Jay Bista in the list of Mumbai centurions as the Ranji Trophy champions amassed an imposing first innings score of 603 against Rest of India in the Irani Cup match in Mumbai on Monday.
Much of the Q3 data will simply not be available for the CSO to factor in its calculation.
Nayar urged the court to takeup the matter at an early date in view of the high number of vacant seats likely to be filled in the near future.
A clinical display by the bowlers gave Mumbai a crucial first innings lead before captain Aditya Tare's fine show with the bat helped them reach to a commanding position on the third day of their Ranji Trophy quarterfinal match against Hyderabad. On a topsy-turvy day, defending champions Mumbai bowled out Hyderabad, who began the day on 167/3, for 280 with left-arm spinner Vijay Gohil picking up three of the five wickets to fall. Abhishek Nayar, who made 59 in the first innings, took 4 wickets for 60. Hyderabad needed 127 runs to wipe out the first innings deficit and they came within 15 runs of the lead. But a lower order collapse resulted Hyderabad slipping from 255 for 5 to 280 all out. Wicketkeeper Kolla Sumanth battled through to make 44 and he was the last man to be dismissed.
Virender Sehwag's experiment to bat in the middle-order failed, and Gautam Gambhir's woeful run of form continued, as India 'A' were restricted to 191 for 3 at stumps on the second day of the second unofficial 'Test' against West Indies 'A', at the Jawaharlal Nehru National College of Engineering cricket ground, in Shimoga, on Thursday.
Deflation masked the rise in food inflation to a 5-month high.
In the past few days, many companies, including fashion e-tailer Nykaa, food delivery platform Zomato, logistics and delivery firm Delhivery, insurance discovery platform PolicyBazaar, eyewear retail chain Lenskart, and edtech and online tutoring firm Byju's, have openly spoken about their IPO plans.
'Our network somehow saves 3,000 lives every year, but there's so much more to do, as every death due to shortage of blood is easily avoidable.'
Central bank moves to infuse liquidity into bond market to help boost sentiment.
Experts say a large part of the expenditure in April was spent on heads such as creating infrastructure for testing capacity and procuring testing kits, among other things.
Barring rice, spices, iron ore and pharmaceuticals, all the remaining 26 key sectors registered negative growth in May. Imports too plunged 51 per cent to $22.2 billion in May.
Mumbai's bid to clinch their 41st Ranji Trophy crown, and the first after two seasons, got a significant boost with the availability of fit-again pacer Dhawal Kulkarni for the final against Saurashtra in Pune. Kulkarni missed the semi-final against Madhya Pradesh at Cuttack, after picking up an injury during their quarter-final victory over Jharkhand at Mysuru. Other than his inclusion, the Mumbai selectors have retained the squad that secured their place for their 45th title clash in Cuttack. Significantly, when Mumbai clinched their 40th crown, Saurashtra were their opponents in the 2012-13 season. The five-day final will begin on February 24.
Skipper Cheteshwar Pujara scored his third triple hundred in first-class cricket as India gained a stranglehold over the West Indies 'A' in the third unofficial 'Test' in Hubli n Friday. The Saurashtra batsman registered an unbeaten 306 as the home side declared their first innings at 564 for 9, just at the stroke of tea, in reply to the West Indies' 268, to take a 296-run lead.
Citigroup Global Markets veteran Rajiv Nayar is cautiously optimistic as he sees bouts of risk-on and risk-off sentiments affecting capital raising by Indian companies.
Young Gujarat batsman Manprit Juneja showed perfect temperament for the longer format of the game, scoring a patient, unbeaten 178 in India A's first innings total of 408 for 7 against New Zealand 'A' at stumps, on the third day of the second unofficial 'Test', in Visakhapatnam, on Wednesday.
Images from the IPL match between Chennai Super Kings and Kolkata Knight Riders in Raipur on Sunday.
India plans to keep its fiscal deficit within 3.9% of GDP.
During the first quarter ended June, gross tax collections fell 31 per cent driven down by a massive 76 per cent plunge in advance tax mop-up, as the country was in a full lockdown due to the pandemic.
History and form make them the odds-on-favourites, but Mumbai are not taking things for granted ahead of the Ranji Trophy final against Saurashtra, beginning at the Wankhede stadium on Saturday.
A Delhi court on Thursday granted bail to four accused arrested in connection with Bharatiya Janata Party leader Arun Jaitley phone-tapping case.
Middle-order batsman Rohit Sharma will lead Mumbai in the absence of regular skipper Ajit Agarkar in their Ranji Trophy Group A match against hosts Hyderabad from November 24. Agarkar was ruled out of the game following an injury.
List of players bought at the players' auction for the sixth edition of the IPL.
Rising Australian all-rounder Glenn Maxwell stole the thunder from his illustrious compatriots, fetching a whopping $one million (Rs 5.3 crore), while Abhishek Nayar and R P Singh also invited unexpectedly high bids in the players' auction for the sixth edition of the IPL in Chennai.
Anant Gupta, president and chief executive officer, HCL Technologies, says while the company is strong on the non-discretionary front, the discretionary side continues to be challenging.
Sachin Tendulkar will be the centre of attraction as 39-time champions Mumbai take on Services in the Ranji Trophy semi-final, at the Palam Airforce ground on Wednesday. The Ajit Agarkar-led side are overwhelming favourites, but the institutional side should not be counted out after their five-wicket victory over Uttar Pradesh.
Left-arm spinner Shahbaz Nadeem claimed seven for 79 to put Jharkhand in control against Haryana on the second day of the Ranji Trophy quarter-final match, on Saturday.
The state is following surveillance, containment, increasing testing facilities, and ensuring essentials at people's doorstep, among other strategies, reports T E Narasimhan.
Experts said the slowdown could be attributed to adjustments leading to destocking and the offering of discounts by companies as the government ushered in the new indirect taxation system on July 1.
RE of GDP for 2015-16 show that the economy grew 7.9% in 2015-16, rather than the earlier estimate of 7.6 per cent.
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