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  • Is RBI tightening policy at a time when industrial growth is still weak? May 13, 2022 08:40 AM IST

    Is RBI tightening policy at a time when industrial growth is still weak?

    The higher-than-expected inflation is likely to result in another hike in the policy rate at the MPC’s next meeting on 6th-8th June

  • How SUVs are riding the K-shaped path to recovery May 13, 2022 08:36 AM IST

    How SUVs are riding the K-shaped path to recovery

    Until employment and growth catch up with the rising costs of vehicle ownership, demand from rural and lower-income households would continue to remain muted, affecting demand for two wheelers, 3-wheelers and low end passenger vehicles.

  • At Rs 2898 crore, Delhi records highest ever GST collection for April May 13, 2022 06:32 AM IST

    At Rs 2898 crore, Delhi records highest ever GST collection for April

    This is the city's highest-ever GST collection for April, they said.

  • Experts say MPC's June 6-8 meet 'super live' for rate hike after April inflation shocker May 12, 2022 08:28 PM IST

    Experts say MPC's June 6-8 meet 'super live' for rate hike after April inflation shocker

    The central bank's rate-setting panel announced a surprise 40-basis-point repo rate hike on May 4 in anticipation of a high inflation number for April. But the figure has exceeded economists' expectations.

  • Inflation hurt rich more than poor in FY22, says Finance Ministry May 12, 2022 07:45 PM IST

    Inflation hurt rich more than poor in FY22, says Finance Ministry

    The ministry's comments come days after Reserve Bank of India Governor Shaktikanta Das said sustained high inflation has "pronounced adverse effects on the poorer segments of the population by eroding their purchasing power".

  • Industrial growth edges up to 1.9% in March on the back of slowdown in core sectors May 12, 2022 05:41 PM IST

    Industrial growth edges up to 1.9% in March on the back of slowdown in core sectors

    In FY22, industrial output grew by 11.3 percent as against a contraction of 8.4 percent in FY21.

  • Consumer price inflation surges to near-8-year high at 7.79% in April May 12, 2022 05:37 PM IST

    Consumer price inflation surges to near-8-year high at 7.79% in April

    The CPI inflation print for April is above the consensus, with a Moneycontrol poll showing economists saw inflation rising to 7.5 percent

  • UK economic growth slows in first quarter May 12, 2022 12:59 PM IST

    UK economic growth slows in first quarter

    The economy grew 0.8 percent in the January-March period compared with expansion of 1.3 percent in the fourth quarter of last year, the Office for National Statistics said in a statement.

  • This is time to do homework and make money in the next couple of years: Adrian Mowat May 12, 2022 12:35 PM IST

    This is time to do homework and make money in the next couple of years: Adrian Mowat

    Nathan Sheets talks about macro fears and their impact on the US Federal Reserve policy and the markets

  • 75 Indian villages to be shaped with Israeli cooperation: Agriculture minister May 12, 2022 12:13 PM IST

    75 Indian villages to be shaped with Israeli cooperation: Agriculture minister

    Union Agriculture Minister Narendra Singh Tomar, who was in Israel on a four-day official visit from May 8, met his Israeli counterpart Oded Forer at the Knesset (Israel's Parliament) on Wednesday.

  • Unscheduled meetings, debates: Behind the scenes of the May 4 surprise RBI repo rate hike May 12, 2022 10:54 AM IST

    Unscheduled meetings, debates: Behind the scenes of the May 4 surprise RBI repo rate hike

    The RBI's repo rate hike on May 4 caught everyone by surprise. But the central bank had started talks about convening its rate-setting panel right after its April 8 meeting

  • RBI's forex reserves formidable, but futile to resist global tide against currencies, says source May 12, 2022 10:02 AM IST

    RBI's forex reserves formidable, but futile to resist global tide against currencies, says source

    The RBI has used its 'formidable' foreign exchange reserves to prevent the rupee from weakening sharply in recent days. However, mounting a defence against what a person aware of developments called 'a global tide' is seen as being futile

  • Multinationals Should Help India and Brazil Cut Emissions May 12, 2022 07:27 AM IST

    Multinationals Should Help India and Brazil Cut Emissions

    To clean up dirty sectors such as cement, big emerging nations are going to need money and innovative technology from Western multinationals.

  • RBI may up inflation forecast in next MPC meeting; rate hike on cards: Sources May 12, 2022 07:12 AM IST

    RBI may up inflation forecast in next MPC meeting; rate hike on cards: Sources

    The MPC, headed by the RBI Governor, is scheduled to meet between June 6 and June 8. It has been mandated to keep retail inflation in the range of 2-6 per cent.

  • No serious risk seen to RBI reputation if MPC fails to meet inflation mandate May 11, 2022 08:01 PM IST

    No serious risk seen to RBI reputation if MPC fails to meet inflation mandate

    The Indian central bank welcomes monetary policy accountability but is cautious of what taking remedial measures to return inflation rapidly to acceptable levels would entail, according to a person familiar with developments.

  • Step up exports to meet $1-trillion economy by 2030: Tamil Nadu CM M K Stalin May 11, 2022 06:58 PM IST

    Step up exports to meet $1-trillion economy by 2030: Tamil Nadu CM M K Stalin

    At present, Tamil Nadu’s share on the export front stood at $ 26 billion and this should be increased to $ 100 billion by 2030, M K Stalin said after presenting the FIEO Southern Region Export Excellence Awards.

  • US annual inflation slowed in April, consumer prices rise 8.3% May 11, 2022 06:12 PM IST

    US annual inflation slowed in April, consumer prices rise 8.3%

    The annual increase peaked in March at 8.5 percent, but prices continued to rise last month for a range of goods, including housing, food, airline fares and new vehicles, the Labor Department reported.

  • Morgan Stanley cuts India's growth forecasts on inflation, global slowdown May 11, 2022 05:48 PM IST

    Morgan Stanley cuts India's growth forecasts on inflation, global slowdown

    Gross domestic product growth will be 7.6% for fiscal 2023 and 6.7% for fiscal 2024, 30 basis points lower than the previous estimates, the brokerage said in a note dated Tuesday.

  • What to expect from April consumer inflation May 11, 2022 02:21 PM IST

    What to expect from April consumer inflation

    India's central bank increased a key interest rate on May 4, eight days ahead of the release of April's retail inflation data. What will the number look like?

  • Rising cost of goods, services affecting purchasing decisions in India: Report May 11, 2022 01:52 PM IST

    Rising cost of goods, services affecting purchasing decisions in India: Report

    The Index for India reaffirms the "positive outlook" of the Indian consumers as 77 per cent expect positive changes in the financial situation, in the next one year.

  • India lets coal mines hike output without feedback May 11, 2022 12:23 PM IST

    India lets coal mines hike output without feedback

    The decision was taken after a request from the coal ministry which pointed to "huge pressure on domestic coal supply in the country," the ministry said in a memo dated May 7, adding that the "special dispensation" will be valid for six months.

  • Breads, Biscuits, Rotis may get costlier as flour prices high, govt scheme not announced yet May 11, 2022 09:14 AM IST

    Breads, Biscuits, Rotis may get costlier as flour prices high, govt scheme not announced yet

    Wheat flour’s all-India average retail price stood at Rs 32.78 per kg on Saturday, 9.15 per cent higher than the price (Rs 30.03 per kg) a year ago, according to data reported by the state civil supplies departments to the Union Ministry of Consumer Affairs, Food and Public Distribution.

  • RBI may stay prudent in spending forex reserves to defend rupee May 11, 2022 07:43 AM IST

    RBI may stay prudent in spending forex reserves to defend rupee

    This time though, analysts expect it to mount a more limited defense, aimed at fending off the worst of speculative attacks rather than holding down a line in the sand when capital flows are shifting globally with the Fed set to hike throughout the year.

  • Indian Railways missed Coal India train provision targets for over a year May 11, 2022 06:42 AM IST

    Indian Railways missed Coal India train provision targets for over a year

    Indian utilities are scrambling to get hold of coal supplies to cope with record high power demand, but Indian Railways' inability to supply enough trains makes it difficult to boost coal stocks, which are at their lowest levels in years.

  • As Black Sea supplies fall, India sells record 1.4 million tonnes wheat in April May 11, 2022 06:39 AM IST

    As Black Sea supplies fall, India sells record 1.4 million tonnes wheat in April

    April is the first month of the fiscal year. India, the world's second biggest wheat producer, exported a record 7 million tonnes of the grain in fiscal 2021-22.

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