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India emerged as one of the fastest-growing wealth markets in the world, as Indian household financial assets rose by 14.5 per cent in 2024 on a YoY basis, according to a recent report. The Allianz Global Wealth Report 2025 revealed that the wealth of Indian households showed the strongest growth in eight years, highlighting the…
US President Donald Trump has posted a cartoon on social media, with his plan to sack Federal Reserve Chairman Jerom Powell. In the photo, Trump is seen saying- You are fired! This case has come to light after Powell’s decision to reduce interest rates. There has been a long conflict between Trump and Powell on…
Mumbai: The Reserve Bank of India (RBI) expected to ease rates by 25 bps in Q4 CY25, owing to anticipated growth weakness from declining export orders and slower government spending, a report has said. Strong cereal production, well stocked granaries, lower oil prices and cheaper exports from China are likely to keep inflation lower for…
New Delhi: The year-on-year inflation rates based on the all-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) for July this year declined to 0.77 per cent and 1.01 per cent, respectively, bringing respite to poor households, figures released by the Ministry of Labour and Employment on Thursday showed. The food inflation…
New Delhi: The fall in India’s wholesale inflation will boost domestic demand despite global economic uncertainties, industry body PHDCCI said on Thursday. The provisional annual inflation rate based on the Wholesale Price Index (WPI) eased to (-) 0.58 per cent in July compared to the same month previous year, led by a sharp drop in…
New Delhi: As August inflation print likely to top 2 per cent and be closer to 2.3 per cent, a rate cut by the Reserve Bank of India (RBI) in October looks difficult, SBI Research said on Wednesday, adding that even a rate cut in December looks a tad difficult if growth numbers for Q1…
New Delhi8 minutes ago Copy link Yesterday’s big news was related to retail inflation. Retail inflation has come down to 1.55% in July. This is 8 years 1 month low. Earlier in June 2017 it was 1.54%. At the same time, RBI Governor Sanjay Malhotra has said that banks decide how much money to keep…
New Delhi: Wholesale inflation in India likely dropped to a near two-year low in July, due to a significant decline in food and fuel prices, according to a Union Bank of India report. The Wholesale Price Index (WPI) is estimated to have fallen to -0.45 per cent year-on-year in July, down from -0.13 per cent…
New Delhi: The cost of home-cooked vegetarian and non-vegetarian thalis declined 14 per cent and 13 per cent, respectively, in July this year compared to the same month of the previous year, amid benign commodity prices, according to Crisil’s monthly indicator of food plate cost. The decline in vegetarian thali cost year-on-year was led by…
New Delhi: A Crisil report on Monday projected India’s gross domestic product (GDP) to grow at 6.5 per cent this fiscal (FY26), supported by improving domestic consumption, among other positive indicators. The Crisil Intelligence’s near-term outlook report suggested US tariff-related global uncertainty as the top risk to India’s growth. “However, growth is expected to be…