Prices in the wholesale market fell to a 4.5-year low level in May, recording a deflation of 3.21 per cent, due to sharp decline in fuel and power items even as food articles turned expensive.
Gold prices fell by Rs 380 to Rs 47,900 per 10 gram in the national capital on Monday following decline in global prices, according to HDFC Securities.
Equity benchmark Sensex plunged 552 points on Monday, dragged by heavy losses in financial stocks amid concerns over a second wave of coronavirus infections.
Wholesale price index (WPI) inflation has declined by 3.21 per cent in May against a rise of 2.79 per cent in the year-ago period. The wholesale prices witnessed deflation due to sharp decline in prices of fuel and power, even as food articles turned expensive.
Rajendra Gogri, Chairman and Managing Director, at AIL said, “The project has been one of the major growth initiatives for us. The present notice was not something envisaged by us."
Industry chamber FICCI's arm on Monday said several cases of seizures by enforcement agencies of smuggled imported cigarettes reported in the last few months indicate a spike in cigarette smuggling during the coronavirus-induced lockdown.
Online channels are likely to account for a highest-ever 45 per cent share of smartphone sales in 2020 owing to the Covid-19 situation as people would prefer to buy devices online to maintain social distancing
In the previous session, the BSE barometer settled at 33,780.89, up 242.52 points, or 0.72 per cent, and the Nifty rose 70.90 points, or 0.72 per cent, to end at 9,972.90.
The price of petrol and diesel hiked for the ninth consecutive day as State-run oil marketing companies (OMCs) continued to adjust retail rates in line with costs after an 82-day break from rate revision amidst the COVID-19 pandemic.
The NCLT has allowed Jet Airways to sell its premises in Bandra Kurla Complex (BKC) to settle Rs 360 crore dues of mortgage lender HDFC, clear overseas debt and cover corporate insolvency resolution process costs.
Seven of the 10 most valued domestic companies together lost Rs 78,127.74 crore in market valuation last week, with HDFC Bank taking the biggest knock.
Automobile dealers' body FADA fears that the coronavirus pandemic could result in job losses in dealerships which could be worse than what was experienced last year when over two lakh jobs were lost due to a prolonged slowdown in the automobile industry
At present, four public sector banks are under the RBI''s Prompt Corrective Action (PCA) framework, which puts several restrictions on them, including on lending, management compensation and directors'' fees.
Reliance Industries Limited (RIL) and Jio Platforms Limited, Indias leading digital services platform, on Saturday announced an investment of Rs 1894.50 crore by L Catterton, one of the worlds largest consumer focused private equity firms.
Petrol and diesel prices were hiked on Sunday for the eight day in a row since state-owned oil companies returned to the normal practice of daily reviews after coronavirus lockdown.
Reliance Industries Limited (RIL) and Jio Platforms Limited, India's leading digital services platform, on Saturday announced an investment of Rs 1894.50 crore by L Catterton, one of the worlds largest consumer focused private equity firms.
Global alternative asset firm TPG and consumer focused private equity firms L Catterton on Saturday bought 0.93 per cent and 0.39 per cent stake in Jio Platforms, investing a total of Rs 6,441 crore.
Tata Consumer Products Limited (TCPL) sees 'digital transformation as a key driver' for growth of the company and it is strengthening capability in this area, according to the company's annual report. The Tata Group firm expects a long term shift in consumer behaviour due to the coronavirus pandemic, while in short term an increase at-home consumption with a reduction in orders for take-out or deliveries is expected.
The staggered relaxations during the two-month-long nationwide lockdown did not have much of an impact on retail business and their businesses witnessed a severe contraction during the period, according to a survey by the Retailers Association of India (RAI).
Nasscom said as businesses reopen, it is important for the US to access talent critical to the recovery phase, and American enterprises need access to essential technology workers who are keeping critical infrastructure operating.
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