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New Delhi, April 6: The government on Monday said there is no "unusual volatility" in prices of essential commodities on account of the West Asia crisis, and it is continuously monitoring the rates in wholesale and retail markets across the country. The Centre said it has sufficient stocks of wheat and rice to meet the requirements of the public distribution system (PDS) and also any exigencies. It has also asked states to crack down on hoarding and black marketing of essential food items. Whea ...Read More >
The government on Monday said prices of essential commodities remain stable despite the ongoing crisis in West Asia, asserting that there has been no "unusual volatility" and that it is closely monitoring both wholesale and retail markets across the country. Addressing an inter-ministerial briefing, Anupam Mishra, additional secretary in the Department of Consumer Affairs, said the Centre is "keeping a close watch on the food security situation in the country" amid global uncertainties. Also R ...Read More >
New Delhi: India's passenger vehicle industry growth is expected to moderate to 4-6 per cent in FY27, largely due to the high base and evolving macroeconomic conditions, ratings agency ICRA said on Friday. For FY26, the industry is estimated to report wholesale volume growth of around 7-9 per cent, supported by strong festive demand, GST rate cuts and multiple new model launches, ICRA said in a statement. "The industry continues to witness structural shifts, with utility vehicles accounting fo ...Read More >
Hyderabad: Mild tension prevailed at several Sneha Chicken Centres in Hyderabad on Wednesday after the Retail Chicken Shop Owners Association staged a protest demanding to close the shops. The Association declared closure of all the chicken shops from April 1 demanding a hike in the margin from the wholesalers. But Sneha Chicken Centres continued to open and sell chicken, inviting wrath from the retailers. Furious over opening the shops, the retailers assembled in front of Sneha chicken centre ...Read More >
New Delhi, Nov 19 (SocialNews.XYZ) Mortgage finance companies outside the banking sector are expected to see strong growth over the next two years, a new report said on Wednesday. According to data compiled by Crisil Ratings, the assets under management (AUM) of non-bank mortgage lenders are set to rise by 18-19 per cent this fiscal and the next, matching the 18.5 per cent growth recorded last year. However, the three key loan segments -- home loans, loans against property (LAP), and wholesale ...Read More >
MUMBAI: IDFC FIRST Bank reported a 76% rise in profit after tax (PAT) to Rs. 352 crore for Q2 FY26, driven by lower provisions and growth in its retail and commercial businesses. The bank's CASA ratio crossed 50% for the first time, reflecting improved funding stability.The PAT jump was supported by a 16.2% YoY decline in total provisions to Rs. 1,452 crore, including a sequential fall of 12.5% from Rs. 1,659 crore in Q1. The bank used Rs. 75 crore of its microfinance provision buffer during the ...Read More >
India's wholesale price index (WPI) inflation saw an increase in August, reaching 0.52 per cent year-on-year, according to Commerce Ministry data. This marks a shift from the -0.58 per cent recorded in the previous August. The rise is attributed to slight increases in the prices of food, mineral oils, crude petroleum, natural gas, and basic metals manufacturing. India's wholesale price index-based inflation accelerated to 0.52 per cent in August on an annual basis as against -0.58 per cent in A ...Read More >
GNC operates on U.S. military bases through contracts exempt from standard federal procurement rules and foreign ownership disclosure requirements. Rep. Pat Harrigan (R-N.C.) has called for a criminal investigation into GNC, the national supplement retailer owned by China's state-run Harbin Pharmaceutical Group. GNC operates more than 85 stores on U.S. military bases, including four stores at Fort Liberty in North Carolina. Harrigan pointed to a report from national security firm Exiger reveal ...Read More >
Mumbai: Apollo Hospitals Enterprises (AHEL), the country's largest listed healthcare chain, and its subsidiary Apollo HealthCo have decided to demerge their omnichannel pharma and digital health businesses (24x7 telehealth business) into a new entity that garners nearly $2 billion in annual revenues - already a record for India's fragmented drug-retailing industry. The business will be separately listed later. The composite scheme creates a formidable omnichannel pharmacy distribution and digit ...Read More >
Mumbai, Jun 30 (PTI) Domestic commercial vehicle (CV) industry is likely to see a 3-5 per cent year-on-year growth in wholesale volumes this fiscal, after logging a slight dip of 1.2 per cent in FY25, Icra said in a report on Monday. This growth is expected to be driven by resumption of construction and infrastructure activities and a steady economic environment, the ratings agency said in its latest report. Domestic CV wholesale volumes saw a miniscule 0.1 per cent increase in the previous mo ...Read More >
Bhubaneswar: The capital city turned into a canvas of colour and devotion on Friday as thousands of devotees thronged the streets to witness Rath Yatra celebrations. Over 50 large and small chariots carrying the idols of Lord Jagannath, Lord Balabhadra and Devi Subhadra were pulled through different parts of the city, accompanied by chants of 'Jai Jagannath'.The air reverberated with sounds of devotional music as people from all walks of life joined hands to pull the intricately decorated wooden ...Read More >
New Delhi: Delhi govt has extended its existing excise policy for the remaining nine months of the 2025-26 financial year to regulate the liquor trade in the capital. Sources said a new policy, which the govt had decided to roll out from July 1, was still in the making.Officials said a meeting was held on Thursday, following which the excise department issued an order saying the competent authority had approved the continuation of the excise duty-based regime, which was in effect from the licens ...Read More >
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