Fed may proceed with caution as US inflation rises to 2.6% in October
Business Standard|November 14, 2024
A measure of underlying US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to bring price pressures fully under control.
Fed may proceed with caution as US inflation rises to 2.6% in October

The so-called core consumer price index—which excludes food and energy costs—increased 0.3 per cent for a third month and 3.3 per cent from a year ago, Bureau of Labor Statistics figures showed Wednesday.

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Business Standard

Net short position up at $77.5 bn

The Reserve Bank of India's outstanding net short position in the forward book rose further to $77.5 billion by the end of January, against $67.9 billion at the end of December, according to the central bank's monthly bulletin.

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Trade war may fuel inflation: RBI bulletin
Business Standard

Trade war may fuel inflation: RBI bulletin

Escalating trade tensions amid a tariff war after Donald Trump took over as President of the United States (US) could adversely impact global growth and fuel inflation, an article on the \"State of the Economy\" in the Reserve Bank of India (RBI) monthly bulletin said.

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Jubilant, Maruti Take Lead in PM Internship Scheme
Business Standard

Jubilant, Maruti Take Lead in PM Internship Scheme

Jubilant Foodworks Limited, Maruti Suzuki, ONGC, Reliance Industries, and Eicher Motors have emerged as the top five companies to provide internship opportunities under the Prime Minister Internship Scheme (PMIS), according to the Standing Committee report on demands for grants by the Ministry of Corporate Affairs (MCA) tabled on Wednesday.

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Margin concerns loom over United Breweries

Despite peak summer season around the corner, the United Breweries (UB) stock is down about 15 per cent since February due to a weak third quarter (Q3) and regulatory worries.

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2 dak  |
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Business Standard

UCBs must be mindful of responsibilities: RBI guv

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday asked the Urban Cooperative Banks (UCBs) to be mindful of their responsibilities, especially in view of the trust reposed on them by depositors.

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1 min  |
March 20, 2025
Impressive How Innovation In India Is Driving Progress: Gates
Business Standard

Impressive How Innovation In India Is Driving Progress: Gates

Microsoft co-founder Bill Gates on Wednesday praised India's innovation, stating that it is driving progress both locally and globally.

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1 min  |
March 20, 2025
Business Standard

Home Purchase Versus Rent: For Long-Term End Users, Market Timing Not Crucial

Recent data from Anarock Group indicates that capital values in key micro-markets of India's top seven cities rose more sharply than rental values between 2021-end and 2024-end.

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2 dak  |
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IT, FMCG SEE HIGHEST FPI SELLING IN MARCH
Business Standard

IT, FMCG SEE HIGHEST FPI SELLING IN MARCH

Foreign portfolio investors (FPIs) offloaded stocks worth ₹30,013 crore in the first fortnight of March, triggered by the disappointment at declining corporate profits and uncertainty over the US trade policy.

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Business Standard

Concerns flagged, steps suggested over slowing IBC outcomes

Conflicts of interest, lack of transparency and delays in the resolution process continue to undermine the effectiveness of the Insolvency and Bankruptcy Code (IBC), the Parliamentary Panel on Finance said in a report tabled on Wednesday.

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Business Standard

Building, operating data centres is complex

For Japanese technology behemoth NTT, India is fast emerging as a strategic market, with the group aiming to see the region among its top five over the next three years. NTT Data, which has had a presence in India for more than 20 years and currently has a headcount of 40,000, is among the top 10 revenue-generating markets. ABHIJIT DUBEY, chief executive officer of NTT Data, in an interview with Shivani Shinde in Mumbai, talks about the impact of the recent merger, the Indian market, and artificial intelligence (AI)-powered data centres. Edited excerpts:

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2 dak  |
March 20, 2025