The Reserve Bank of India's (RBI's) state of the economy report observed that any durable alignment of headline retail inflation with the target of 4 per cent could recommence in the second half of FY25 and sustain until numbers closer to the target are seen during the course of FY26, dashing hopes of any reduction in the policy repo rate in the current financial year. The report, authored by RBI staffers, including Deputy Governor in charge of monetary policy Michael Patra, said though headline numbers may fall in July and August due to base effect, it is likely to reverse in September.
Shares of Avenue Supermarts, which owns and operates the DMart stores, hit a two-year high of Rs 4,710.15 as they surged nearly 6 per cent on the BSE in Thursday's (April 4) intraday trade after reporting strong revenue growth in the January-March quarter (Q4) of the previous financial year (FY24). DMart, in the Q4FY24 pre-quarter update, said the company reported 20 per cent growth in standalone revenue from operations at Rs 12,393 crore, as against Rs 10,337 crore in the third quarter (Q3) of 2022-23 (FY23), driven by a 7 per cent growth in revenue per store and a robust 13 per cent year-on-year (Y-o-Y) increase in store additions. In Q3 of 2021-22, the company reported revenue of Rs 8,606 crore and in Q3 of 2020-21, it posted revenue of Rs 7,303 crore.
Ensure that the meals provided in their tiffins and snack breaks are colourful, says Dr Imran Patel.
India off-spinner Harbhajan Singh on Saturday stood firm on his objection to the controversial WADA 'whereabouts' clause, saying he is not bound by the 'unacceptable' rule. The feisty off-spinner said he would want to be remembered like Sachin Tendulkar, Sourav Ganguly, Sunil Gavaskar and Kapil Dev after he retires.
Ganesh Puja in Alibag taluka is about simplicity and minimalism. It's about quiet devotion too.
The department for promotion of industry and internal trade (DPIIT) has set up a control room to monitor in real-time the status of transportation and delivery of essential commodities amid the coronavirus lockdown in the country. It will also monitor the difficulties being faced by various stakeholders during the lockdown period from March 25 to April 14.
Each bottle of pickle that leaves FarmDidi, headed to a consumer, has a little kahani behind it -- it's linked to the tale of a life, the life of a simple, striving village woman who created it, and that's what gives Manjari Sharma satisfaction and happiness.
Should you buy an air fryer. Is it for you? What can you make with it?
Three Gorkha Rifles jawans were injured when a grenade in their truck went off in the high security Garhi Cantonment area in Dehradun on Saturday afternoon.
'We look at the opportunities that are going to come in various fields in the next 5 to 10 years, do some research and come up with business plans.' 'Then, we go and seek out founders who will run the actual business.'
A married woman was allegedly raped by two persons in a moving car in north west Delhi, police said Sunday.
The Competition Commission has approved online food delivery platform Zomato's proposed purchase of 9.3 per cent stake in online grocery shopping player Grofers India. Zomato, last month, said it has invested $100 million (around Rs 745 crore) for acquiring a minority stake in Grofers as the company looks to have more exposure to the online grocery segment. The recently-listed Zomato will acquire 9.3 per cent stake in Grofers India Pvt Ltd and Hands on Trades Pvt Ltd (HoT).
Many people in the city fear that even going to markets could pose a threat and departmental stores have started reporting a gap in demand and supply of commodities.
Renewed inflationary pressures, led by a spike in prices of vegetables and cereals, have cast a spell on the equity markets in the past month. The BSE Sensex and Nifty50 have declined up to 2 per cent each during the period, clipping the 13 per cent rally from the March lows, shows data from ACE Equity. Investors typically consider shares of fast-moving consumer goods (FMCG) companies as defensive bets, putting their weight behind them in a falling market.
Care for a hot broth to welcome Father Christmas?
For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay.
Deepa Mehrotra's Diwalis in her hometown of Sitapur were full of rang.
'If we can't celebrate life itself, it is not a festival anymore, but one's ignorance of what's happening around us.'
Even a few servings of ultra-processed foods can contribute significantly to your daily calorie intake, warns dietician Rachel Anthony.
Cries of help were forwarded through the night, as Chennaiites, who waded through a similar nightmare in 2015, reconnected online again and formed citizen rescue groups to deal with emergencies.
Mother's Day reminded me of how my mom learned to cook Indian food.
Among the Sensex firms, Axis Bank, Power Grid, Maruti, State Bank of India, Tata Motors, ITC, Nestle and Mahindra & Mahindra were the major gainers. Bajaj Finance and Larsen & Toubro were the laggards.
The coronavirus-enforced lockdown has changed the perception that kitchen and household chores are a woman's domain, as men are also pitching in to share the domestic workload and in the process learning and upgrading their culinary skills.
Scenes from Colombo days after Ranil Wickremesinghe was sworn in as Sri Lanka's president.
Irregular rainfall and a pick-up in commodity costs are expected to weigh on the demand and margins of fast-moving consumer goods (FMCG) companies. Most companies reported a sharp expansion in gross margins in the April-June quarter (first quarter, or Q1) of 2023-24 (FY24), given the lower prices of key raw materials and earlier price hikes. Furthermore, there were expectations that cost savings being passed on could reflect in volume growth going forward. However, these hopes could be dashed if demand recovery, especially in the rural segment, stalls, and gains on the raw material front start to recede.
Petrol pumps in many cities witnessed long queues on Tuesday as people came to fill up their vehicle tanks fearing shortage of fuel amid the protest by truck drivers against a provision in the new penal law on hit-and-run accident cases involving motorists.
Titan, IndusInd Bank, Axis Bank, State Bank of India, Power Grid, NTPC and Tata Motors were among the among the major gainers. Mahindra & Mahindra, Larsen & Toubro, Nestle, JSW Steel, Infosys and Tata Consultancy Services, Tech Mahindra and Maruti were the major laggards.
Havelock should be your destination for 2024. It is love at every sight!
Curfew-like restrictions have been imposed in the area, which is the headquarters of the Dera Sacha Sauda sect.
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
Truckers stayed off the road for the second today, demanding lower diesel prices and permit fee, squeezing supplies of essential commodities that gave way to panic buying across markets.
The recent equity market weakness has sobered up investor mood, but the coming festive season is keeping analysts upbeat on stocks related to the consumption basket. Among the lot, fast-moving consumer goods (FMCG), retail, and consumer electronics segments are expected to do well over the next few months, and investors should thus selectively take bets in these pockets, analysts suggest. "We expect good volume growth for the FMCG sector during the festive season with some improvement in rural demand.
Higher inflation has again become a matter of concern for fast-moving consumer goods (FMCG) companies. After prices of commodities like sugar and wheat moved higher and stabilised at those levels, the crude oil too surged, adding to FMCG firms' worries. Besides, a dry spell in August in the ongoing monsoon season impacted rural demand.
>Rohini Acharya, Lalu Yadav's daughter who donated her kidney to her father in December 2022, is on her introductory campaign trail in the constituency that has been represented by her father four times.
All the market places and shops reopened and traffic has resumed as normal in all these districts bringing much relief to the people.
Benchmark equity indices Sensex and Nifty ticked higher for the ninth straight session on Thursday, buoyed by fag-end buying in banking, financial and realty stocks amid encouraging domestic retail inflation data. Weak trends in IT counters and fall in the overnight US equity markets triggered by fresh concerns over recession, however, put a check on market's uptrend. In a largely subdued session, the 30-share BSE Sensex went up marginally by 38.23 points or 0.06 per cent to settle at 60,431.
Experts claim impact of breather limited as most hybrid vegetable seeds are sold by private companies.
The headline inflation eased to a five-month low in December on lower vegetable prices, providing some relief to the ruling coalition before a national election and increasing the odds that interest rates will stay on hold this month.
Looking for Treasures From Mizoram to embrace through 2024 and beyond.
