The Reserve Bank of India’s Monetary Policy Committee (MPC) begins its three-day meeting on Tuesday amid growing inflation concerns, with a majority of economists and treasury heads expecting the central bank to keep interest rates unchanged this week while signalling a tighter stance later in the financial year, PTI reported.The six-member MPC, headed by RBI…
Rising petrol and diesel prices could rekindle inflationary pressures in the economy by increasing transportation, logistics and manufacturing costs, with the impact likely to be felt across food and consumer goods categories in the coming months, according to a Crisil report released on Tuesday.Petrol and diesel prices have risen by around Rs 7.5 per litre…
AI image for representive purpose The story of a Delhi jobseeker who travelled to Hyderabad for an interview, spending about ₹14,000 on flight tickets and reportedly being turned down in 10 minutes, has led to a wider discussion online about hiring practices, travel reimbursements and the growing desperation among candidates in a tough job market.A…
Screen grab from X @AshwiniVaishnaw’s video The Mumbai-Ahmedabad Bullet Train project achieved its third mountain tunnel breakthrough in Maharashtra within five months, marking another milestone in the construction of India’s first high-speed rail corridor.The breakthrough took place in Dahanu taluka of Palghar district in Maharashtra.Union railway minister Ashwini Vaishnaw on Tuesday posted on X, “Mumbai-Amdavad…
Gold price prediction today: Gold prices continue to be weighed down by inflation concerns amid geopolitical tensions and rising oil prices, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
According to an assessment by Bloomberg Economics, RBI sold gold worth around $12 billion during the two weeks ending May 22. (AI image) Amid the ongoing US-Iran conflict, the Reserve Bank of India may have sold some of its gold holdings to protect foreign exchange reserves from the economic fallout of the Middle East situation,…
This week, Amazon in India is frantically sending out cheerful emails to customers, informing them of upcoming changes to existing Prime subscriptions. That, in Amazon’s parlance, usually only means one thing—you’ll be invited to pay more for another subscription tier. And yes, that was the case. Cue something called Amazon Music Unlimited. Symptomatic of the…
The gross Goods and Services Tax (GST) revenue in May rose 3.2% year-on-year to ₹1.94 lakh crore from ₹1.88 lakh crore in the same month last year. The base period, however, included a one-time telecom-related payment of approximately ₹10,000 crore. The Union finance ministry released the data on June 1. (File) Releasing the monthly data…
Indian benchmark equity indices opened lower on Tuesday, extending their recent losing streak amid persistent concerns over the ongoing conflict in the Middle East, rising crude oil prices, and continued foreign investor selling. Sensex and Nifty have been hit hard due to the global energy crisis caused by the US-Iran war. (REUTERS File) The BSE…
Oil prices increased slightly on Tuesday amid ongoing uncertainty over talks between the United States and Iran and speculation around the potential reopening of the Strait of Hormuz, one of the world’s most critical energy transit routes.Brent crude futures rose by 0.06% to $95.04 a barrel, while US West Texas Intermediate declined slightly by 0.18%…
