Inflation increase due to war impact: SBI economists Mumbai: At least 59 per cent of the accelerated inflation is attributable to the impact of the geopolitical conflict triggered by the Russian invasion of Ukraine, economists at SBI said on Monday. In the face of the heightened inflation situation – the headline number touched nearly 7.8 […]
15
May
May
As inflation soars, FMCG firms go for weight cut, bridge packs New Delhi: FMCG manufacturers are opting to reduce product weight rather than price of items targeted at lower-end consumers, while resorting to single-digit price increase on some large packs and launching ‘bridge packs’, as they seek to overcome the impact of commodity price rise […]
13
May
May
Samsung Electronics is in talks with clients about hiking prices for chip contract manufacturing by up to 20 percent this year, Bloomberg reported on Friday. The move, expected to be applied from the second half of this year, is part of an industry-wide push to raise prices to cover rising materials and logistics costs, Bloomberg […]
11
May
May
Demand for coal has risen due to post-pandemic economic recovery and an unrelenting heatwave. New Delhi: India’s environment ministry has allowed coal mines with clearances to increase output by 40% to step up production by up to 50% without seeking feedback from locals, it said in a memo reviewed by Reuters. The decision was taken […]
08
May
May
Finance Minister Nirmala Sitharaman has commented on stock markets and RBI repo rate hike Mumbai (Maharashtra): Finance Minister Nirmala Sitharaman has expressed her views on a range of issues during the past 24 hours, right from Reserve Bank of India’s (RBI) surprising decision to hike repo rates, to blockchain technology and digital currency, to volatility […]
08
May
May
Finance Minister Nirmala Sitharaman said that repo rate hike has not come as a surprise Mumbai (Maharashtra): Finance Minister Nirmala Sitharaman on Saturday said the recent decision of the Reserve Bank of India (RBI) to hike key policy interest rates is a part of the synchronised event by the central banks globally. Addressing an event […]
07
May
May
The repo rate hike by RBI will help banking system make gains on yields, said India Ratings Mumbai: The unexpected interest rate hike by the RBI on May 4 will have the banking system on average making a 10-15 bps gains on the yields, with private banks making larger gains as 57 per cent of their […]
06
May
May
Sensex and Nifty fell sharply on Friday. New Delhi: Indian equity benchmarks on Friday plunged sharply as investors worried that aggressive interest rate hikes to tame surging inflation may dent global economic growth. Reserve Bank of India (RBI) had raised the repo rate by 40 basis points (bps) to 4.40 per cent in an off-cycle […]
05
May
May
In trying to squeeze one last drop of output from an empty barrel of monetary elixir, India’s central bank made the serious mistake of not only ignoring the country’s inflation buildup, but pretending that it didn’t exist. Now that the Reserve Bank of India has surprised the market with an unscheduled, 40 basis point increase […]
05
May
May
Centre is taking a lot of steps to ensure fertiliser prices are kept in check, TV Somanathan said. New Delhi: The government said that Reserve Bank of India (RBI) took an imperative move by raising the key interest rate. “Necessary step in the right direction,” Finance Secretary TV Somanathan told NDTV on Thursday. The Reserve […]