According to data issued by the commerce ministry on Monday, the November wholesale pricing index (WPI)-based inflation rate in India decreased to 1.89 percent, mostly as a result of rising prices for textiles, machinery & equipment, food items, and other manufacturing. In October of this year, WPI inflation was 2.36%, up from 0.39 percent in…
Despite reaching new lows in CY24, the rupee beat the majority of Asian currencies because the Reserve Bank of India (RBI) intervened promptly. Over the year, it lost 1.5% of its value about the US dollar. The dollar index, which measures how the US dollar performs about a basket of six major currencies, is down…
Friday, December 13, saw a good market response to Hindustan Aeronautics (HAL) announcement of a Rs 13,500 crore agreement with the Ministry of Defence to purchase 12 Su-30 MKI aircraft. The stock of the business opened at Rs 4,754.50 in reaction to this announcement, and it peaked at Rs 4,755 during the early trading hours….
Reliance Nu Solar Energy Corporation of India awarded a 930 MW solar energy contract for a battery energy storage system project to Suntech, a Reliance Power subsidiary, in an e-reverse auction on December 9. Following the tender conditions, Reliance NU Suntech will also need to install a minimum of 465 MW/1,860 MWh of solar-powered storage…
As food prices cooled off, India’s retail inflation rate dropped to 5.5 percent in November from a 14-month high of 6.2 percent the month before. Compared to 10.9 percent in October, food inflation decreased to 9 percent for the month.For the third consecutive month, consumer prices have stayed over 5%. At its December meeting, the…
As worries about the nation’s economic future grew and other Asian currencies began to fall, the Indian rupee fell to a record low against the US dollar on Wednesday. By the end of trading, the rupee made a slight rebound, closing at 84.83 after plunging to its lowest point ever, 84.8650. The Chinese yuan pushed…
Investor confidence in mutual fund schemes has remained strong during a period of downward-biased volatility in both the Nifty-50 and Sensex. Mutual fund schemes’ net assets under management reached a new high of Rs 68 lakh crore. Every month, however, equity inflows in November decreased by 14% to Rs 35,943.49 crore. This decline was the…
The median of 17 estimates indicates that retail inflation, measured by the Consumer Price Index (CPI), probably dropped to 5.6% in November from a 14-month high of 6.21% in October. The primary cause of the dramatic drop in headline print was the cooling costs of food, particularly vegetables. The CPI inflation rate in November 2023…
The enthusiasm for businesses going public is still strong, with an IPO pipeline worth over Rs 1.5 lakh crore scheduled for the next year, despite the Indian market experiencing severe volatility after an 18-month dream run. 34 firms have already obtained the necessary Securities and Exchange Board of India (SEBI) approval for initial public offerings…
Monday decreased for the second consecutive day as the main indices were impacted by fast-moving consumer goods (FMCG) companies and other geopolitical worries. After trading in a range, the Sensex ended the day down 200.66 points, or 0.25%, at 81,508.46. Likewise, the NSE’s Nifty 50 declined 58.80 points, or 0.24%, to close at 24,619 after…
