The wholesale price-based inflation accelerated to a record high of 12.94 per cent in May, on rising prices of crude oil and manufactured goods. Low base effect also contributed to the spike in WPI inflation in May 2021. In May 2020, WPI inflation was at (-) 3.37 per cent. This is the fifth straight month of uptick seen in the wholesale price index (WPI)-based inflation. In April, 2021, WPI inflation hit double digit at 10.49 per cent. "The annual rate of inflation, based on monthly WPI, was 12.94 per cent for the month of May, 2021 (over May, 2020) as compared to (-) 3.37 per cent in May 2020.
For a village in Azamgarh, Mubarakpur is an aberration. Its streets are clean, roads well-paved, and no open sewage drains are visible anywhere. Although a few houses look derelict, most bear signs of relative affluence, some even opulence. But that is not attributable to the village's marquee industry - silk saree weaving, which is sold as the "Banarasi silk saree" across India. Rather, it's because of the exodus of its residents and those of neighbouring villages to Saudi Arabia and the money repatriated back home.
With regard to his investment in Ola, Bansal said that on the one hand, the ride-hailing major had emerged as a global force in the mobility space and on the other it continued to build deeper for various needs of a billion Indians through its platform. This is the largest funding by an individual in the app cab.
India Inc on Thursday pitched for continuation of reforms while ensuring tax and policy stability in the forthcoming Budget to prop up the economy hit hard by the COVID-19 pandemic. In the virtual pre-Budget consultation held with Finance Minister Nirmala Sitharaman, industry chambers said that government measures will help firmly entrench the nascent signs of recovery being currently seen in private investment. Capital expenditure by the government through enhanced infrastructure spending should in the meantime continue to support growth, CII president TV Narendran said.
For now, Bounce, Shuttl, Fab Hotels, Instamojo, Zomato, Curefit, and HealthifyMe, among others, are going for salary deductions. Most of the consumer internet start-ups, besides those who are in the grocery delivery, education tech, and video conferencing business, would ultimately lay-off people and cut back salaries.
The output of eight core sectors grew by 16.8 per cent in May, mainly due to a low base effect and uptick in production of natural gas, refinery products, steel, cement and electricity, official data released on Wednesday showed. The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 21.4 per cent in May 2020 due to the lockdown restrictions imposed to control the spread of the COVID-19 infections. In March this year, these key sectors had recorded a growth of 11.4 per cent, and 60.9 per cent in April.
Out of 11 companies that got listed in 2019, nine have outrun the market by gaining more than 10 per cent against their respective issue price.
Bollywood stars posted adorable pictures of their daddies on Father's Day.
As a tech services company, Ola has never been in hardcore manufacturing. And unlike in ride hailing, which is a two-player market (Uber is the only other competitor), in two-wheelers it faces many entrenched players. But most of all, rivals say Ola's targets are out of sync with most, even ambitious, projections.
For all those auto enthusiasts who thought Mahindra have only been manufacturing Jeeps and trucks in the '90s, Timeless Mahindra offers plenty of interesting surprises, discovers Rajesh Kareka/Rediff.com.
The three-member panel, set up by Congress president Sonia Gandhi to end factionalism in the party's Punjab unit, submitted its report to her on Thursday and is learnt to have recommended suitable accommodation of former minister Navjot Singh Sidhu, setting up of coordination committee and filling vacant posts in the organisation.
Love is in the air... and on social media!
The gorgeous actress has signed up as many as nine films, which are in various stages of production.
Looking back at all the times Kareena Kapoor Khan brought the curtains down in style at LFW.
Super-fit and bubbly supermodel Khushboo Kankan from Lucknow talks about fitness, lifestyle and what fashion means to her!
Move can also bring a huge change in the way business is done in India, where firms use multiple current accounts, often for even individual projects, making them difficult to monitor.
400 young Indians will make it to the prestigious National Defence Academy in Khadakvasla if they clear the NDA entrance exam on November 14.
The Made in Heaven star looks regal on the latest cover.
'Even if you admire all the girls who have come before you -- from Sushmita Sen, Aishwarya Rai, me, Priyanka Chopra, Dia Mirza -- it is very important to retain your own personality.' 'All of us won because we were very individually different people.'
Eight designers. An NGO. Special showstoppers.
The country has been registering over 70,000 cases for the last four days.
Ride-hailing major Ola on Wednesday said it will launch its electric two-wheeler range in New Zealand. This will help support the New Zealand government's goal of bringing on road 64,000 new electric vehicles by the end of 2021, while also helping the public sector become carbon neutral by 2025, Ola said in a statement. According to the industry sources, the company plans to launch the range in New Zealand over the next 6-9 months.
Modi said he was at a loss of words to describe what he felt while he was sitting before the statue.
The Bangladesh Cricket Board said that doors will be opened for Shakib once his ban ends.
Bollywood makes Holi look extra vibrant, thanks to their colourful pictures on Instagram.
See how these stars made their presence felt at the fashion week.
OlaCabs' hyper-growth and an ambitious plan to expand to 100 cities by the end of 2015 are perhaps what attracted Japan's richest man, Masayoshi Son, chairman of telecom and media group SoftBank Corp, to announce an investment of $210 million (around Rs 1,260 crore) in the company.
Ahead of the film's release, the makers of Chhapaak hosted a special screening for their families and colleagues.
Deepika has announced the film's release date, as January 10, 2020.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
'The present government swears by Hinduism. But we lost three of our sants during earlier BJP regimes.'
Some of the hottest celebs stepped on the ramp this season of Lakme Fashion Week. Take the poll give below and let us know who gets your vote.
Ola's factory will create 10,000 jobs and serve as the company's global manufacturing hub for India and international markets.
Uttarakhand Director-General of Police Ashok Kumar informed that 168 people are still missing following the glacier burst.
South Indian actresses sizzled on the My South Diva Calendar 2017.
Take this poll and tell us who looked the best!
Following is the chronology of events in the case in which a five-judge Constitution Bench of the SC upheld the 2010 Delhi high court verdict which said that the office of the Chief Justice of India falls under the ambit of RTI Act.
The nation of 1.3 billion people was glued to television sets as early as 5am, following the fortunes of Aditi Ashok, who after three days, was lying second and in line for an unprecedented medal in golf at the Olympics.
It will help you cool down on a sunny day.
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