Retail inflation increased by 3.48% due to food items becoming expensive: Silver became costlier by ₹ 8,667 in a day, reached ₹ 2.65 lakh, rupee came to all time low.

Tomorrow The big news was related to inflation. Retail inflation in April has increased to 3.48%. Earlier in March it was 3.40%. These figures have been released on May 12.

At the same time, despite Prime Minister Narendra Modi’s appeal to people not to buy gold, there was a rise in gold and silver prices on May 12. According to India Bullion and Jewelers Association (IBJA), one kg of silver has increased by Rs 8,667 to Rs 2,64,867. Earlier on Monday, its price was Rs 2,56,200 per kg.

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1. Retail inflation increased to 3.48% in April: Effect of food items becoming expensive; America-Iran war may increase inflation further

Retail inflation in April has increased to 3.48%. Earlier in March it was 3.40%. These figures have been released on May 12.

This increase in inflation has happened at a time when tension between America and Iran has increased. If this tension continues for a long time, inflation may increase further.

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2. Silver became costlier by ₹ 8,667 in a day, reached ₹ 2.65 lakh: This year, a jump of 34 thousand, 10 grams of gold rose by ₹ 1,270 to ₹ 1.52 lakh.

Despite Prime Minister Narendra Modi’s appeal to people not to buy gold, there was a rise in gold and silver prices on May 12. According to India Bullion and Jewelers Association (IBJA), one kg of silver has increased by Rs 8,667 to Rs 2,64,867. Earlier on Monday, its price was Rs 2,56,200 per kg.

At the same time, 10 grams of 24 carat gold has increased by Rs 1,270 to reach Rs 1,51,632. Earlier on May 11, its price was Rs 1,50,362 per 10 grams.

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3. Sensex fell 1456 points and closed at 74,559: Lost 3,500 points in 4 days; Shares of realty and IT companies fell the most

There was a decline in the stock market on 12 May. The Sensex fell 1,456 points to close at 74,559. Nifty also fell by 436 points, it closed at the level of 23,379.

This decline has occurred in the market for the fourth consecutive trading day. In four days, Sensex has fallen by almost 3,500 points and Nifty by almost 1,000 points.

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4. Buffett earns Rs 4,378 crore from low-profile Indian business: 40% loss in Paytm, but big profit from small firms with raw materials.

Famous investor Warren Buffet never visited India. Yet his $1 trillion (about Rs 95 lakh crore) company Berkshire Hathaway has established strong business roots here. The real picture of this ‘unknown’ portfolio is coming to light as soon as Greg Abel becomes CEO.

Abel inherited an Indian portfolio that has been growing quietly for decades. The real strength of Berkshire, which suffered a 40% loss on its Rs 26 crore investment in Paytm, lies in its 58 unlisted companies, many of which are active in India. These earned an income of Rs 4,378 crore last year.

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5. Rupee came to all time low: Price of 1 dollar became 95.50 rupees, due to this there is a danger of inflation increasing.

Today i.e. on May 12, the Indian Rupee has fallen by 19 paise against the dollar to a record low of 95.50. The rupee has fallen after the statement of US President Donald Trump.

In fact, Trump has described the ceasefire with Iran as weak, due to which the prices of crude oil have increased. The price of branded crude oil has crossed $105 per barrel.

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6. Tata Altroz ​​iCNG AMT launched, price starts from ₹ 8.70 lakh: This is the first premium hatchback in India with automatic transmission with CNG, features like 360° camera.

Tata Motors launched the CNG model of its premium hatchback Altroz ​​with AMT (Automatic Transmission) gearbox in India on May 12. With this, Tata Altroz ​​iCNG has become the first premium hatchback in India to have automatic transmission with CNG.

Tata has introduced it in 5 variants – Pure, Pure S, Creative, Creative S and Accomplished S. Its starting ex-showroom price is ₹ 8.70 lakh, which goes up to ₹ 10.77 lakh in the top model. AMT models are costlier than the manual by ₹55,000 to ₹60,000, depending on the variant.

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