Inflation likely fell in Nov on easing veg prices'
Hindustan Times East UP|December 11, 2024
BENGALURU: India retail inflation likely fell to 5.53% in November after breaching the central bank's 6% upper tolerance band as the arrival of fresh produce to markets moderated soaring vegetable prices, a Reuters poll of economists found.
Reuters
Inflation likely fell in Nov on easing veg prices'

The Reserve Bank of India held interest rates steady last week, as predicted in a separate Reuters poll, citing price pressures, despite news of a surprise sharp slowdown in economic growth last quarter.

Inflation unexpectedly rose to a 14-month high of 6.21% in October, driven by the fastest vegetable price rises in nearly four years. An additional import duty imposed on edible oils in September has also increased price pressures significantly.

But inflation as measured by the annual change in the consumer price index (CPI) likely slipped to 5.53% last month, according to the median estimate in a Dec. 4-9 Reuters survey of 56 economists.

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Change in the air as India get ready for Brisbane test
Hindustan Times East UP

Change in the air as India get ready for Brisbane test

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Hindustan Times East UP

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Opener Smriti Mandhana's elegant century went in vain as India lost to Australia by 83 runs in the third Women's ODI to suffer a 0-3 series whitewash here on Wednesday.

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Hindustan Times East UP

Manu Bhaker looks to ease back into action at National shooting

NEW DELHI: India's Paris Olympics medallists will be back in action at the Senior National Shooting Championships starting on Wednesday.

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Hindustan Times East UP

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How to claim deductions, save tax on rental income
Hindustan Times East UP

How to claim deductions, save tax on rental income

Rent can be an additional source of income for salaried individuals who have invested in property.

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December 12, 2024
New RBI guv takes over as growth slows, inflation rises
Hindustan Times East UP

New RBI guv takes over as growth slows, inflation rises

NEW DELHI: India got a new central bank governor on Wednesday, career civil servant Sanjay Malhotra, who has taken office at a time when the country's economic growth is slowing and inflation is surging.

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Acme Solar secures 250 MW green project in NHPC auction
Hindustan Times East UP

Acme Solar secures 250 MW green project in NHPC auction

NEW DELHI: Acme Solar Holdings on Wednesday said the company has bagged a renewable energy project of 250 MW in an auction held by NHPC.

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1 min  |
December 12, 2024
Hindustan Times East UP

Maruti Suzuki eyes 8,000 overall service touchpoints by FY31

THE COMPANY HAS ALREADY ADDED 78 NEW NEXA SERVICE TOUCHPOINTS SO FAR IN THE CURRENT FISCAL YEAR

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Hindustan Times East UP

ADB LOWERS INDIA GDP GROWTH FORECAST TO 6.5% FOR FY25

NEW DELHI: The Asian Development Bank (ADB) on Wednesday lowered India's economic growth forecast to 6.5% for the current financial year from its earlier estimate of 7% due to lower-than-expected growth in private investment and housing demand.

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Data centre mkt attracts $60 bn investment commitment in 6 yrs
Hindustan Times East UP

Data centre mkt attracts $60 bn investment commitment in 6 yrs

NEW DELHI: India's data centre market has attracted investment commitment of $60 billion in the last six years and the cumulative inflow is estimated to surpass $100 billion by 2027-end, according to CBRE.

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