India's wholesale inflation in May doubles YoY to 4.43%

5 days ago
A major spurt in food and fuel prices in the country pushed the wholesale price index (WPI) for May to 4.43 percent, to nearly double over the 2.26 percent registered in May last year and higher than the 3.18 percent recorded in April, 2018, Commerce Whol ... ...

Fed hikes rates amid stronger inflation, shifts from crisisera stance

6 days ago
The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the US central bank's shift from policies used to battle the 20072009 financial crisis and recession. In raising its benchmark ... ...

Retail inflation hits 4mth high of 4.87% in May on costlier veggies, fuel

1 week ago
Retail inflation jumped to 4month high of 4.87 per cent in May on costlier food items such as fruits, vegetables and cereals coupled with high fuel rates. Based on Consumer Price Index (CPI), the retail inflation was at 4.58 per cent in the preceding ... ...

GST refunds upto Rs 1183cr cleared in Bangaluru zone since April

1 week ago
"This was the second refund drive initiated by the department after the successful rollout of the first refund drive from March 15 to March 30," Jyotishi said. Under the special refund drive Rs 197 crore has been disbursed, the officer said adding that How to evade the modern day eway bill? Turn back to historic ways of goods transport ... ...

Videocon case: Sebi can't demand Chanda Kochhar's resignation, says report

1 week ago
ICICI Bank chief Chanda Kochhar, who is under the lens of several Indian and foreign agencies for alleged irregularities in her dealing with certain borrowers, faces a maximum penalty of Rs 250 million from Securities and Exchange Board of India (SEBI ... ...

'India's soul resides in pluralism and tolerance': Former President Pranab Mukherjee's full speech at RSS HQ

2 weeks ago
Former President Pranab Mukherjee today warned that any attempt to define India through "religion, hatred, dogmas and intolerance" will dilute our existence and said public discourses must be freed of all forms of violence, as he addressed an RSS event  ... ...

RBI policy rate hike transmission soon, say bankers

2 weeks ago
Bankers said today that the Reserve Bank's decision to hike policy rate by 25 basis points will anchor inflationary expectations and policy rate transmission would happen in the coming days. Anticipating policy rate hike, many big lenders including SBI Four firsts, two surprises and three ta ... ...

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