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New Delhi: The fall in India's wholesale inflation will boost domestic demand despite global economic uncertainties, industry body PHDCCI said on Thursday. The provisional annual inflation rate based on the Wholesale Price Index (WPI) eased to (-) 0.58 per cent in July compared to the same month previous year, led by a sharp drop in the prices of food articles and crude petroleum. PHDCCI President Hemant Jain said that food prices have been consistently softening since February, with inflation ...Read More >
Bengaluru (Karnataka) [India], August 14: The Federation of Indian Chambers of Commerce and Industry (FICCI) and AMPIN Energy Transition, in collaboration with Deloitte & Sumitomo Corporation, successfully concluded its pivotal seminar titled Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region at Hotel Taj MG Road. The event brought together a diverse group of industry leaders, policymakers, and C&I consumers who discussed the roadmap to achieve 100 RE for ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) India's annual rate of inflation based on the Wholesale Price Index (WPI) fell further in the negative zone to a two-year low of (-) 0.58 in July this year, compared to the same month of the previous year -- primarily due to a decrease in the prices of food articles and fuels such as petrol, diesel and natural gas, according to data released by the Commerce and Industry Ministry on Thursday. The WPI inflation for July is also lower than the -0.13 per cent that ...Read More >
Stocktwits - Wholesale inflation in India eased to a two-year low of -0.58% in July, due to a fall in mineral oils, crude petroleum & natural gas, manufacture of basic metals prices. The WPI print remains in the negative territory for the second consecutive month. It stood at -0.13% in June. WPI Food Index inflation remains negative, from -0.26% in June to -2.15% in July. WPI Inflation Breakdown The Primary Articles category came in at 1.18% in July, from 0.54% in the previous month. Within ...Read More >
India's wholesale inflation fell to -0.58% in July from -0.13% in June, marking a continued disinflationary trend, helped by a strong spring harvest despite uneven monsoons. Retail inflation also cooled to 1.55%, an 8-year low, falling below the RBI's 2-6% target band for the first time in over six years. India's wholesale inflation edged down to -0.58% in July from -0.13% in June, as per government data released on Thursday. A Reuters poll of economists had projected wholesale price index (WP ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the re ...Read More >
Mumbai, Aug 14 (SocialNews.XYZ) The Indian benchmark indices opened flat on Thursday, as IT and pharma stocks showed considerable gains. The BSE Sensex advanced 0.15 per cent to 80,657 points. The Nifty 50 inched up to 24,638, up 21 points or 0.08 per cent. Among the broader market indices BSE SmallCap added 0.12 per cent and the BSE MidCap climbed 0.30 per cent. Sectorally, Nifty Metal lost 1.05 per cent while Nifty IT and Nifty Pharma surged 0.76 per cent and 0.93 per cent, respectively. Th ...Read More >
NEW DELHI: Amid worsening weather conditions and continuous rainfall in parts of Uttar Pradesh, all government and private schools from Classes 1 to 12 in Lucknow will remain closed on Monday, according to district magistrate Visakh G Iyer.Several parts of Varanasi were inundated on Monday following relentless downpours and a steady rise in the water level of the River Ganga. The river has been rising continuously since Saturday, triggering concerns of urban flooding.In response, authorities hav ...Read More >
MUMBAI, Aug 4 (Reuters) - India's central bank is expected to hold rates steady on Wednesday, but the odds of another cut have risen after the United States slapped steep tariffs on Indian exports last week, adding to pressure on growth even as inflation stays subdued. A large majority of economists, or 44 of 57, in a July 18-24 Reuters poll expect the Reserve Bank of India's monetary policy committee (MPC) to hold the repo rate at 5.50% on August 6. However, sentiment has shifted following th ...Read More >
MUMBAI (Reuters) -India's central bank is expected to hold rates steady on Wednesday, but the odds of another cut have risen after the United States slapped steep tariffs on Indian exports last week, adding to pressure on growth even as inflation stays subdued. A large majority of economists, or 44 of 57, in a July 18-24 Reuters poll expect the Reserve Bank of India's monetary policy committee (MPC) to hold the repo rate at 5.50% on August 6. However, sentiment has shifted following the tariff ...Read More >
Telangana BJP president N. Ramchander Rao has slammed a ₹25 crore defamation notice on Deputy Chief Minister Mallu Bhatti Vikramarka and sought an unconditional public apology for his 'illegal' and 'unlawful' acts of making false imputations against him with regard to the suicide of University of Hyderabad (UoH) research scholar Rohith Vemula causing him 'serious agony' and 'Irreversible' damage. Mr. Vikramarka has been given three days to apologise or criminal action will be taken claiming dam ...Read More >
Mumbai: The future rate decisions of the central bank's Monetary Policy Committee could go either way, depending on the inflation outlook and economic growth, said governor Sanjay Malhotra, citing the regulator's "neutral" policy stance. Lower inflation and a slowdown in growth can both be equally important catalysts for potential rate cuts, the Reserve Bank of India governor said in an interview with CNBC TV18 on Tuesday. RBI cut the benchmark repo rate by 25 basis points each in February and ...Read More >
New Delhi, July 15 (SocialNews.XYZ) The Reserve Bank of India (RBI) will deliver a final 25 basis point rate cut in the December monetary policy committee (MPC) meeting, taking the repo rate to 5.25 per cent by the end of 2025, a report said on Tuesday. Considering the ease in inflation in recent months, the RBI may leave the repo rate unchanged in the next two MPCs. "We forecast a pause in the August and October meetings. However, we believe the RBI will deliver a final 25bp rate cut in the D ...Read More >
New Delhi: Cooling prices offered a double dose of relief in June, with both retail and wholesale inflation easing sharply, signalling a broad-based tempering of cost pressures across the economy. Retail price inflation measured by the Consumer Price Index (CPI) came in at 2.1% in June, its slowest pace since January 2019, while wholesale price index-based inflation fell to a 21-month low in June, at -0.13%, marking the first negative reading since October 2023, according to provisional governm ...Read More >
New Delhi: In a major relief to the common man, headline retail inflation dipped to a more than six-year low of 2.1 per cent in June, mainly due to subdued prices of food items such as vegetables, pulses, meat, and milk among others. At the same time, wholesale price inflation (WPI) also stayed in a negative zone after a gap of 19 months, declining 0.13 per cent in June due to cheaper prices in food articles and fuel, and with softening in manufactured product costs, two separate government data ...Read More >
New Delhi, Jul 14 (PTI) Retail inflation declined to over six-year low of 2.1 per cent in June, nearing the RBI's comfort zone, on account of subdued prices of food items, including vegetables, driven by widespread monsoon. The Consumer Price Index-based inflation was 2.82 per cent in May and 5.08 per cent in June 2024. Inflation is on a decline since November 2024. Year-on-year inflation rate based on CPI for the month of June 2025 over June 2024 is 2.1 per cent, the National Statistics Offic ...Read More >
New Delhi [India], July 14 (ANI): Continuing its downward trend, retail inflation in India hit a new over six-year low in June, in further respite to common people. According to the statistics ministry, the year-on-year inflation rate based on Consumer Price Index (CPI) for June was 2.10 per cent (provisional), a decline of 72 basis points in headline inflation from May 2025. It is the lowest year-on-year inflation since January 2019. Notably, the year-on-year inflation rate based on All India C ...Read More >
New Delhi [India], July 14 (ANI): Continuing its downward trend, retail inflation in India hit a new over six-year low in June, in further respite to common people. According to the statistics ministry, the year-on-year inflation rate based on Consumer Price Index (CPI) for June was 2.10 per cent (provisional), a decline of 72 basis points in headline inflation from May 2025. It is the lowest year-on-year inflation since January 2019. Notably, the year-on-year inflation rate based on All India ...Read More >
July 14 (Reuters) - India's annual retail inflation (INCPIY=ECI), opens new tab slowed to a more than six-year low of 2.10% in June, near the lower range of the central bank's tolerance band, as food prices continued to ease, making a case for further interest rate cuts. Inflation was lower than the 2.5% estimated by economists in a Reuters poll. Retail inflation was at 2.82% in May. COMMENTARY: GAURA SEN GUPTA, CHIEF ECONOMIST, IDFC FIRST BANK, MUMBAI "The moderation in inflation is led by ...Read More >
Inflation based on the wholesale price index (WPI) further dropped to -0.13 per cent in June, according to the data released by the Commerce and Industry ministry on Monday. WPI has been steadily easing since March and hit a 14 month low of 0.39 per cent the previous month. The WPI measures the average change in prices of goods sold in bulk and serves as a key indicator of inflation at the producer level. It reflects supply and demand trends across sectors such as agriculture, mining, and manuf ...Read More >
New Delhi [India], July 13 (ANI): With food prices lagging seasonal trends and driving headline Consumer Price Index-based retail inflation below 4 per cent since February 2025, Union Bank of India has revised downwards its 2025-26 headline inflation forecast from 4 per cent to 3.6 per cent (largely aligned with the RBI' forecast of 3.7 per cent). The June retail inflation data is due early next week. In a report, the bank said June 2025 retail inflation will be at 2.3 per cent, with the worst ...Read More >
Ahmedabad: The tragic Air India crash that killed at least 274 people in Ahmedabad is being probed from all possible angles, including sabotage, according to Union Minister of State for Civil Aviation Murlidhar Mohol. The Boeing Dreamliner 787-8 aircraft, flying as AI171 to London, crashed just seconds after take-off on June 12, with only one survivor among the 242 passengers and crew onboard. According to a report by NDTV, Mohol said, "The AAIB has begun a full investigation... It is being pr ...Read More >
New Delhi [India], June 7 (ANI): Indian households' perception of current inflation in the country fell slightly, according to the Reserve Bank of India (RBI). As per the RBI's Households' Inflation Expectations Survey, the median inflation perception declined by 10 basis points to 7.7 per cent in May, down from 7.8 per cent recorded in March 2025. The survey also highlighted that expectations for inflation over the next three months remained unchanged at 8.9 per cent, while the one-year-ahead ...Read More >
New Delhi [India], June 7 (ANI): Indian households' perception of current inflation in the country fell slightly, according to the Reserve Bank of India (RBI). As per the RBI's Households' Inflation Expectations Survey, the median inflation perception declined by 10 basis points to 7.7 per cent in May, down from 7.8 per cent recorded in March 2025. The survey also highlighted that expectations for inflation over the next three months remained unchanged at 8.9 per cent, while the one-year-ahead ...Read More >
New Delhi, Jun 6 (PTI) The reduction in import duty on edible oils, including palm, soya and Sunflower, is going to help FMCG companies improve their margins and stabilise their input costs, according to experts. Palm Oil, which the FMCG companies use as a key ingredient for the manufacturing of soaps and even food products, will also help cool down consumer monthly inflation, experts said. Also Read | How To Activate Your UAN Online? Step-by-Step Guide As EPFO Extends Activation Deadline to J ...Read More >
New Delhi, Jun 6 (PTI) The reduction in import duty on edible oils, including palm, soya and Sunflower, is going to help FMCG companies improve their margins and stabilise their input costs, according to experts. Palm Oil, which the FMCG companies use as a key ingredient for the manufacturing of soaps and even food products, will also help cool down consumer monthly inflation, experts said. The move will not only benefit the food companies, for which palm oil is almost 25-30 per cent of their ...Read More >
New Delhi: India's retail inflation is expected to have eased further to 3% or below in May -- its lowest since April 2019 -- driven by higher supplies of tomatoes, onions, and potatoes, softer global gold prices, and a favourable base effect, economists said. That would mark a fourth consecutive month of sub-4% print, extending a streak of continuous easing after several months of elevated inflation because of stubborn food prices. The consumer inflation reading for May is likely to fall to 2 ...Read More >
New Delhi, June 6 (SocialNews.XYZ) The government has procured 29.92 million tonnes (MT) of wheat during the 2025-26 Rabi marketing season (April-June) which represents a 13 per cent increase over the corresponding figure for the same period of the previous year and is the highest in the last three years, according to a senior official. This procurement is from a total 40.42 MT that arrived in the markets of the main wheat producing states across the country. The remaining portion has been boug ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, ...Read More >
Mumbai: Some economists are batting for an outsized rate cut-of half a percentage point instead of the customary quarter-as future price pressures appear benign and credit demand remains subdued. Economists from the State Bank of India and Piramal Enterprises are advocating a 50-basis-point (bps) reduction in the policy rates, due to be announced after the latest bi-monthly review Friday morning, even though an ET survey of a dozen bankers and economists indicates a 25 bps cut. One basis point ...Read More >
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