Wholesale price inflation moderated to 2.31 per cent in January due to the decline in prices of food items especially vegetables, government data released on Friday showed. The Wholesale Price Index (WPI) based inflation was 2.37 per cent in December 2024. It was 0.33 per cent in January 2024.
A recent interfaith marriage of a Muslim activist of the ruling Communist Party of India-Marxist's youth wing DYFI, has stirred up a political storm after the relatives of the Christian bride alleged "love jihad", with a senior left party leader supporting the charge, only to retract his statement later.
India's Minister of State for Home, Nityanand Rai, has announced a 71% decrease in terrorist incidents in the country under the Modi government. He credits a "zero tolerance" policy towards terrorism, which has resulted in no terror incidents in the hinterland. Rai also highlighted the National Investigative Agency's (NIA) successes, including the investigation of cases on foreign land and a conviction rate of 95.54%.
The Indian rupee is likely to depreciate further against the US dollar through the end of 2024. This is due to the continued strengthening of the greenback, combined with the weakening of the Chinese yuan, which is expected to keep pressure on the Indian currency.
The Reserve Bank of India's (RBI's) caution on inflation, highlighted during the recent monetary policy meeting, may put investors' faith in fast moving consumer goods (FMCG) stocks to test, analysts said. They, however, believe FMCG stocks may ride through this near-term investor anxiety as related companies are, typically, well-equipped to handle inflation due to their pricing power and steady demand for essential goods.
Soaring vegetable prices pushed the retail inflation rate to a nine-month high of 5.49 pr cent in September, according to government data released on Monday. The consumer price index (CPI)-based retail inflation rate was 3.65 per cent in August and 5.02 per in September 2023. The previous high inflation rate was witnessed in December 2023 at 5.69 per cent.
The Supreme Court collegium has confirmed the transfer of Delhi High Court Justice Yashwant Varma to his parent Allahabad High Court. This decision comes after an inquiry was initiated against Justice Varma regarding the alleged discovery of a large amount of cash at his official residence. The transfer recommendation was made public in a resolution uploaded on the Supreme Court's website. The alleged cash discovery occurred following a fire at Varma's residence in Delhi on March 14, 2025. The apex court collegium, headed by Chief Justice Sanjiv Khanna, has also constituted a three-member inquiry committee to further investigate the matter.
Communist Party of India-Marxist polit bureau member Sitaram Yechury on Monday hinted at a possible merger of the two Left parties -- CPI and CPI-M -- in the near future.
Despite gross domestic product (GDP) growth being lower-than-expected for the July-September quarter, the six-member Monetary Policy Committee (MPC) may not cut the policy repo rate in the review meeting scheduled for next week due to high inflation in October, according to experts. "Consumer Price Index (CPI) inflation breaching the upper limit of the RBI's tolerance band in October (6.2 per cent year-on-year) is not a favourable backdrop for the MPC to commence the easing cycle, even as the growth outcome disappointed the MPC's expectations," said Shreya Sodhani, regional economist at Barclays, who expects the policy repo rate to be kept unchanged in the December meeting.
The Bharatiya Janata Party-led Mahayuti coloured Maharashtra a vivid saffron on Saturday as it swept aside the Maha Vikas Aghadi for a landslide win while the opposition Indian National Developmental Inclusive Alliance (INDIA) retained Jharkhand, voters in both states giving the parties in power an emphatic thumbs up.
Retail inflation declined to a five-year low of 3.54 per cent in July mainly on account of subdued prices of food items, and base effect, according to official data released on Monday. The Consumer Price Index (CPI) based retail inflation was 5.08 per cent in June 2024 and 7.44 per cent in July 2023.
Maintaining that other persons were also involved in the crime, the parents of the victim have said that they expect that they will also be arrested and tried before the court.
Union Finance Minister Nirmala Sitharaman's call for making lending rates affordable may not resonate anytime soon as banks still struggle with margin compression, and await clues from the Reserve Bank of India (RBI) on liquidity and rate action. Hinting that any lending rate cut was some time away, State Bank of India (SBI) managing director Vinay M Tonse said there was still some aggression in the market regarding deposit pricing.
He was suffering from lung cancer for last several months, West Bengal CPI secretary Swapan Banerjee said.
The Waqf (Amendment) Bill, 2025 was passed in the Lok Sabha early Thursday, with 288 members supporting it and 232 against it.
Union Minister of State for Minority Affairs, George Kurian, strongly condemned the alleged threatening of teachers at a government school in Kerala by Viswa Hindu Parishad (VHP) activists over Christmas celebrations. Kurian urged the state government to take stringent action against the culprits to prevent such incidents from recurring. The incident sparked outrage, with opposition leaders accusing the Sangh Parivar of attempting to create communal tension. Meanwhile, VHP leaders clarified that they were not against any religion and admitted that their district office bearers had questioned the teachers about the organisation of the Christmas celebration.
Jammu and Kashmir Chief Minister Omar Abdullah has said that India and Pakistan came closer to resolving the Kashmir issue during the Manmohan Singh-led UPA government. He added that he does not expect a return to that situation in his lifetime. Abdullah lauded Singh's efforts on Kashmir, including the setting up of working groups on the issue, and said he practically initiated measures for the return of displaced Kashmiri Pandits. The chief minister also praised Singh's contribution to India's economic development.
Opposition unity in the form of an alliance of all major opposition parties cannot be forged at the national level, the Communist Party of India-Marxist has said, adding that it can be gained only by adopting a joint stand on important political issues.
Investors will take cues from the December quarter corporate earnings, with blue-chips like Infosys, Reliance Industries scheduled to report their results this week, in addition, inflation data and trading activity of foreign investors will also be crucial in dictating market trends, analysts said.
Updated new base years for national accounts and other macro-indicators are expected to come into effect from January-February 2026, coinciding with the first and second advance estimates of national income for FY26, senior official sources aware of the development told Business Standard. "The statistics ministry set up the Advisory Committee on National Accounts Statistics (ACNAS) earlier this week. "It will advise on the base year for GDP (gross domestic product) and its alignment with other macro-indicators.
From the 30-share blue-chip pack, Adani Ports jumped over 5 per cent. NTPC, Tata Steel, Bajaj Finserv, Zomato, Bajaj Finance, Tata Motors, State Bank of India, IndusInd Bank and Maruti were among the other big gainers. From the 30-share pack, Hindustan Unilever, Titan, Tata Consultancy Services, Infosys and UltraTech Cement were the other laggards.
Finance, ICICI Bank, Mahindra &h Mahindra, Kotak Mahindra Bank and Titan were among the gainers. Bharti Airtel, Adani Ports, Tech Mahindra, Reliance Industries, Axis Bank, Larsen & Toubro were the laggards.
Here are the number of seats won by parties in all states and Union Territories in the Lok Sabha elections.
'Although there is a visible dent in TMC's urban votes, especially among women, the CPI-M and the BJP are unlikely to benefit from this'
Retail inflation increased to four-month high of 5.08 per cent in June as food items, including vegetables became dearer, according to government data released on Friday. The Consumer Price Index (CPI) based retail inflation was on a decline since January, before rising again in June. The CPI-based retail inflation was 4.8 per cent in May 2024 and 4.87 per cent in June 2023.
Opposition parties in the Indian Parliament walked out of the Rajya Sabha after their demand for an immediate discussion on the alleged mismanagement at the Maha Kumbh, where a stampede led to several deaths, was rejected. The Chairman of the Rajya Sabha, Jagdeep Dhankhar, declined to suspend the scheduled business of the day to take up the issue, citing his previous rulings regarding notices under Rule 267.
Retail inflation eased to a one-year low of 4.75 per cent in May as prices of some kitchen items declined marginally, according to government data released on Wednesday. The Consumer Price Index (CPI) based retail inflation was 4.83 per cent in April 2024 and 4.31 per cent in May 2023 (previous low).
Outgoing Reserve Bank Governor Shaktikanta Das said on Tuesday that restoring inflation-growth balance is the most important task ahead of the central bank. Addressing a press conference on his last day as the central bank chief, Das said his successor will have to navigate the changing world order, effectively deal with cyber threats, and focus on harnessing new technologies.
The Odisha government has constituted a fact-finding committee to investigate the circumstances surrounding the death of a Nepali student at KIIT University and the subsequent protests by students. The three-member panel will investigate the institute's handling of the situation, including the suspension of students seeking justice. The incident has sparked outrage and raised concerns about the safety of international students at the institute. The Nepal government has threatened to stop issuing no objection certificates for students studying in Odisha if the situation is not resolved.
'Growth, liquidity and deposit mobilisation are likely to be discussed during the interaction.'
The 52-year-old, who joins her mother Sonia and brother Rahul as an MP in what is a rare instance of three members of a family together in Parliament, took affirmation in Hindi while holding a copy of the Constitution soon after the House met.
The Ministry of Statistics and Programme Implementation (MoSPI) on Friday said it has advanced the release of macroeconomic data Gross Domestic Product (GDP) estimates by about 90 mins to 4 pm. As per the current practice, the press releases of GDP are scheduled at 5.30 pm on the specified release dates, a MoSPI statement said.
Among the 30-share Sensex blue-chip pack, Bharti Airtel, ITC, Kotak Mahindra Bank, Hindustan Unilever, Titan, UltraTech Cement, HCL Technologies, and Power Grid, were the biggest gainers. Tata Steel, IndusInd Bank, JSW Steel and Bajaj Finserv were the laggards.
With Kanhaiya Kumar likely to join the Congress party on Tuesday, CPI Bihar state secretary Ram Naresh Pandey on Tuesday confirmed that some days ago Kanhaiya had taken out the AC installed by him in the CPI's state office in Patna.
The CPI-M leader was the chief minister of the state from 2000 to 2011.
The deportation of Indians from the United States, deaths in the Maha Kumbh stampede and the joint Parliamentary committee report on the Waqf bill were among the issues that led to heated exchanges and some disruptions in an otherwise smooth first part of the Budget session that ended on Thursday.
'We will be very, very proactive in providing whatever liquidity requirements are needed.'
'In Parliament, he was the one person who stood for democracy and secularism even when the principal Opposition party was not very forthright in taking on the BJP and RSS.'
Foreign investors have made a strong comeback to Indian equities with a net investment of Rs 22,766 crore in the first two weeks of December driven by expectations of rate cut by the US Federal Reserve. This revival follows significant outflows in the preceding months, with Foreign Portfolio Investors (FPIs) pulling out a net Rs 21,612 crore in November and a massive Rs 94,017 crore in October -- the worst monthly outflow on record.
A 39-member parliamentary panel has been constituted to examine the two bills proposing simultaneous elections to the Lok Sabha and state assemblies. The panel, chaired by BJP leader Bhratruhari Mahtab, will include prominent members from various political parties, including the BJP, Congress, SP, TMC, and DMK. The panel is expected to submit its report to the Lok Sabha by the first day of the last week of the next session. The government has decided to increase the committee's strength to include more political parties, highlighting the significance of this proposal to reform the election process in India.
