NEW DELHI: Retail inflation eased to a five-month low in January as vegetable prices moderated, bringing much-needed relief to authorities battling stubborn price pressures, while industrial output growth slowed, led by a sluggish manufacturing sector. Data released by the National Statistical Office (NSO) on Wednesday showed retail inflation, as measured by the consumer price index…
D-Street Smart: Volatility drives investors from thematic schemes to hybrid fundsMUMBAI: Retail investors continued to pour money into mutual funds in Jan despite a volatile stock market. Monthly gross SIP inflows remained steady above Rs 26,000 crore in Jan, industry body Amfi’s data showed. The volatile market conditions, however, prompted investors to prefer hybrid funds…
Nir Barkat, Israel’s minister for economy and industry, was in India, leading a large business delegation. In an interview to TOI, Barkat, a businessman turned politician, says he is optimistic about deepening business ties with India across sectors. Excerpts.Why are Israeli companies looking at India now?The opportunities have emerged now with the American President Donald…
CHENNAI: Samsung employees’ union will continue a sit-in protest, as conciliation talks held between workers and the management by state labour department on Wednesday remained inconclusive. Workers have been protesting since Feb 6, demanding to revoke the suspension of 3 employees. Source link
Vodafone Idea CEO Akshaya Moondra during an earnings call on Wednesday said that current ‘return on capital‘ metrics in Indian telecom sector justifies shorter, even nine-month time gap between two rounds of tariff hikes, against an “ideal” 12-month duration between two such rounds. Jio, Airtel and Vodafone Idea had raised tariffs in July last year….
NEW DELHI: ONGC-NTPC Green Pvt Ltd, an equal joint venture between ONGC Green Ltd and NTPC Green Energy Ltd, on Wednesday signed a share purchase agreement (SPA) to acquire Ayana Renewable Power Pvt Ltd at an enterprise value of $2.3 billion.This is the second-largest acquisition in the renewable space after the Adani Green Energy Ltd’s…
NEW DELHI: India’s industrial production growth slowed to a three-month low of 3.2 per cent in December 2024, mainly due to poor performance of mining and manufacturing sectors, according to official data released on Wednesday. The government has also revised the November 2024 industrial output figure to 5 per cent from the provisional estimate of…
Retail inflation eased to a five-month low at 4.31 per cent in January primarily due to declining food costs, as per the official data released on Wednesday. The Consumer Price Index-based retail inflation stood at 5.22 per cent in December and 5.1 per cent in January 2024Additionally, food inflation stood at 6.02 per cent, showing…
Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Patanjali, Bharat Rasayan and Oil India are the top stock picks for today:PATANJALI: BUY Near ₹1800 | Stop Loss: ₹1720 | Target: ₹2000After consolidating between ₹1900 – ₹1700 for the past…
MUMBAI: Central bank intervention may have helped the rupee strengthen by 71 paise on Tuesday – its biggest single session gain in over two years – to close below the 87-to-the-dollar mark for the first time since February 3. After sliding for days, RBI reportedly intervened in the forex market late on Monday and also…
