MUMBAI - India's annual consumer price inflation eased to a lower-than-expected 1.54 percent in June, the lowest since a new index was adopted in 2012, from 2.18 percent in May.
Separately, data showed industrial output rose 1.7 percent in May from a year earlier.
A. PRASANNA, ECONOMIST, ICICI SECURITIES PRIMARY DEALERSHIP LTD
India's consumer inflation is expected to have slowed to a record-low in June, pressured by a sharp drop in food and oil prices, a Reuters poll showed, a result that could intensify calls for an interest rate cut.
Consumer price inflation is predicted to cool to 1.70 percent in June, easing further from May's 2.18 percent, according to the poll of more than 30 economists taken
Below is the views on PCR-OI surged to 1.34 as traders prefer buying puts by Ms. Sneha Seth (Derivative Analyst, Angel Broking)Ms. Sneha Seth (Derivative Analyst, Angel Broking)
“Trading for the week begun on a strong note, as the benchmark index opened with an upside gap which guided Nifty hitting fresh record highs in the early trade.
Use of modern HR technologies can help India Inc improve productivity and save millions of dollars by optimal use of human resources, say experts as per the PTI report. India commands a nearly USD 600-700 million slice from the global pie of USD 54 billion human resource technology market. Even though HR technology is still nascent in India, it has already achieved a base of USD 0.5 billion acc
Below is the Views on Market heavyweights like ITC, Reliance & PSU Bank stocks to watch out for in coming week by Mr. Abnish Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments
First trading session under GST regime started the week on strong note. Moving ahead in the week, benchmark indices turned cho
Anish Behera, Head of Strategy - Digital at Cheil Worldwide is one of the finest Minds, in a candid discussion with our editorial team and sharing his thoughts on multiple topics.
In the past decade Anish has had opportunity to work in various capacities across creative, digital and media agencies and has helped many brands achieve their ambitio
India's power grid needs to be upgraded if the plan to sharply step up power from renewable energy is to be successful, an energy expert has said.
"The now-outdated grid interface needs to be modernised into a smart grid capable of handling the ever-greater share of generation to come from new, low-cost renewable energy. That can't happen overnight," Tim Buckley
The government should take steps to curb black market transactions in gold which have an adverse effect on the economy, according to Y.V. Reddy, a former Governor of the Reserve Bank of India.
"Some of the demand for gold today stems from black market transactions, which have a nefarious influence on the economic systems and social fabric and deserve immediate and serious at
Burying the hatchet of demonetization
While there is little doubt that demonetization was black swan event for the microfinance industry, the slower than expected pace of improvement in collections over past six months has dented the confidence of investor community. The sentiment has further been soured by the farm loan waivers announced by various s
1st Take: CBDT Clarification on Cash Acceptance - Relief for NBFCs
Section 269ST of the Income tax Act, introduced by the Finance Act, 2017 w.e.f. April 1, 2017 put certain restrictions on cash acceptance. Essentially, per the section, no person shall receive an amount of Rs200,000 or more in cash:
(a) in aggregate from a per
With widespread protests in Tamil Nadu on the imposition of 30 per cent entertainment tax, apart from the Goods and Services Tax (GST) rate, the spirit of "good and simple tax" which aimed at uniformity seems to be getting muddied as states complicate the tax environment.
For the entertainment industry, below Rs 100 ticket fares attract 18 per cent GST while above Rs 10
Credit rating agency Moody's reported on Tuesday that it has revised the outlook for banks in the Asia Pacific from negative to stable.
A total of 77 per cent of bank rating outlooks in the region are now stable, up from 64 per cent at the end of last year, Efe news quoted the agency as saying.
It added that banks in China, Hong Kong, Singapore, Australia, New