The good news on inflation continues as the wholesale price index fell for the tenth week in a row to an almost 11-month low of 5.24 per cent for the week ended January 3, prompting the Finance Ministry to project that it would go down to 3-4 per cent by March 31.
As we say shalom to 2016, the key drivers for the markets in the year ahead have become more obvious, says Neeraj Gambhir, managing director and head of fixed income, India, Nomura. First, there is a surging dollar. Second, rising commodity prices. Then, we have the effects of demonetisation.
Normal monsoon makes FMCG, automobile and consumer durable companies optimistic about growth prospects
Inflation rose to over nine-month high at 5.11 per cent for the week ended March 1, due to rise in prices of some manufactured items and aviation turbine fuel, dashing all hopes of interest rate cuts by the RBI to boost the sagging industrial production.The Wholesale Price Index-based Inflation rate stood at 5.02 per cent in the previous week and 6.51 per cent in the correspondingly week a year earlier.
Rupee volatility could be dampened if it is steadily manoeuvered to levels consistent with inflation differentials, say Jaimini Bhagwati and Abheek Barua
The wholesale price-based inflation stood at 5.34 per cent in the correpsponding week a year ago. This is a third week in a row that inflation has remained below the four per cent mark.
He now claims that his submission before the SC was that petitioners in the application used "photocopies of the original" papers, deemed secret by the government.
A blend of traditional as well as contemporary features, the All-New Thar exceeds expectations by far, says Rajesh Karkera/Rediff.com.
Inflation in food articles inched up to 0.69 per cent in September.
The headline HSBC India Purchasing Managers' Index -- a composite gauge designed to give a single-figure snapshot of manufacturing business conditions -- stood at 54.5 in December, up from 53.3 in the prior month.
Passport is competitively and aggressively priced because of its specification.
'What the price will reveal, since the India specific capabilities haven't changed since 2013, is how much the Modi government padded up the cost,' points out Mohan Guruswamy.
Silver also jumped by Rs 1,000 to Rs 57,000 per kg on strong global cues.
Continuing decline in food prices, including vegetables, pulled wholesale price inflation to a five year low of 1.77 per cent in October.
There are glaring anomalies with Indian data and that could lead to wrong policy prescriptions.
Samvat 2072: Auto sector could see faster recovery
Gold in London, which normally sets price trend on the domestic front, fell by 0.1 per cent to $1,314.99 an ounce and silver by 0.3 per cent to $20.91 an ounce.
After falling for two weeks in a row, inflation once again firmed up marginally to 6.10 per cent for the week ended February 24 against 6.05 a week ago.
Earning woes drag markets lower; TCS, HUL lead fall.
Chinese automakers Great Wall Motors, FAW Haima Automobile, and Changan Automobile, after dithering about entering India for some years, have been encouraged by the robust sales performance of the late entrants Kia Motors and MG Motors even in a slowing market.
Honda has finally plunged into the fast growing urban crossover segment in India with the newly minted BR-V seven-seater SUV.
The USTR has placed India on its "priority watch" list for two years in a row, saying the country's patent laws unfairly favour local drug makers.
The latest row -- termed as independent India's largest financial scam -- is centered on the allocation of scare 2G spectrum at throwaway prices.
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RBI is scheduled to unveil its credit policy on June 3.
Costlier fuels, including LPG, pushed up inflation to 5.38 per cent for the week ended December 6 -- the fourth week in a row that saw rising inflation -- even as prices of vegetables, rice and some edible oils declined.
Food inflation declined to a three-month low of 10.15 per cent for the week ended November 13 as vegetable prices softened on fresh crop arrival, raising hopes that the Reserve Bank will not hike key rates for now.
The fourth consecutive rate cut is expected to lower equated monthly instalments (EMIs) for home and auto buyers, and borrowing cost for corporate.
Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors.
Costlier onion and other vegetables pushed up inflation for the third month in a row to 6.1 per cent in August, making it difficult for the RBI to cut rate in the monetary policy review due later this week.
PMI went up from 51.2 points in May to 53.1 in June. Owing to the June figure, PMI for manufacturing stood at 51.9 points in the first quarter of 2018-19 against 51.8 points in the fourth quarter of 2017-18.
The RBI had lowered policy rates by 0.50 per cent between January-March to prop up economic growth.
If there was ever a car to define the word 'crossover', the BR-V would be it.
Leaders Barcelona and Real Madrid were held to draws while Sevilla made up ground on the top two and Alaves slipped after a promising start. Here are five talking points from the weekend's La Liga action.
Ujjwala Yojana was launched on May 1, 2016 at Ballia district in Uttar Pradesh and has so far covered 47.3 million consumers in 715 districts
According to the global financial services major, since the last RBI policy meet, data suggest accelerating growth and surprisingly mild inflation, both at the core and headline level.
Indian retail investors continue to sell gold ETFs.
Gold buyers in Asia were in no hurry, anticipating the market to weaken further, with premiums in India and Hong Kong picking up only modestly this week
Breaking his silence over the reported row in the Bharatiya Janata Party over a move to field Narendra Modi from Varanasi, Murli Manohar Joshi on Sunday said he would accept any decision the party takes like a "disciplined soldier" and hoped it would neither dent the PM candidate's prestige nor hurt party's electoral chances.
India on Tuesday distanced from the ongoing Sino-US row over revaluation of Chinese currency yuan saying it is their bilateral issue.
Silver also gained for the third-day and jumped by Rs 500 to Rs 43,000 per kg on increased offtake by industrial units and coin makers.
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