Retail inflation declines to 4.59% in December from 6.93% in November: Govt
Retail inflation based on the Consumer Price Index (CPI) was 6.93 per cent in November.
PTI
UPDATED ON JAN 12, 2021 05:54 PM IST
Retail inflation fell sharply to 4.59 per cent in December, mainly due to declining food prices, government data showed on Tuesday.
Retail inflation based on the Consumer Price Index (CPI) was 6.93 per cent in November.
Food inflation declined to 3.41 per cent in December in 2020, compared to 9.5 per cent in the previous month, according to the data released by the Ministry of Statistics and Programme Implementation.
The Reserve Bank of India (RBI) factors in retail inflation while arriving at its monetary policy.
HSBC 'aiding crackdown on democracy' in Hong Kong, British lawmakers say
Reuters, London
PUBLISHED ON JAN 26, 2021 09:41 PM IST
- Founded in Hong Kong but headquartered in Britain, HSBC has historically tried to remain politically neutral. Recently however it has shown support for Beijing, most notably last June when its top executive in Asia signed a petition backing China’s imposition of a national security law on Hong Kong.
IMF projects 11.5% growth rate for India in 2021
PTI, Washington
PUBLISHED ON JAN 26, 2021 06:58 PM IST
In its latest update, the IMF projected a 11.5 per cent growth rate for India in 2021. This makes India the only major economy of the world to register a double-digit growth in 2021, it said.
Twitter acquires newsletter startup Revue to expand business
Bloomberg
PUBLISHED ON JAN 26, 2021 06:47 PM IST
Twitter will eliminate some of the service’s fees to encourage more people to create newsletters, and will take a 5% cut on subscription revenue collected through Revue.
Johnson & Johnson promises 2021 profit jump, vaccine data 'soon'
Reuters
UPDATED ON JAN 26, 2021 05:58 PM IST
The company had previously signaled that it expected to deliver data on the trial before the end of January, at a time when global hopes of defeating the virus are riding on securing adequate supplies of multiple vaccines.
Angela Merkel's ally Floats tweak to debt limits to fund pandemic fight
Bloomberg
UPDATED ON JAN 26, 2021 05:21 PM IST
Chancellor Angela Merkel’s chief of staff proposed temporarily adjusting constitutional rules to allow expanded new borrowing by Germany’s federal government, prompting a swift rejection from his own party’s budget spokesman.
Enhanced trade partnership first step towards UK-India FTA, says UK minister
PTI, London
PUBLISHED ON JAN 26, 2021 02:36 PM IST
UK-India bilateral trade increased by over 11 per cent to nearly 24 billion pounds and the UK was the largest European market for India’s goods exports in the 2019-20 financial year.
Petrol crosses ₹86-mark in Delhi, diesel above ₹83 per litre in Mumbai
By hindustantimes.com | Written by Susmita Pakrasi, New Delhi
PUBLISHED ON JAN 26, 2021 12:22 PM IST
The price data showed that diesel rate rose to ₹76.23 a litre in Delhi and to ₹83.03 per litre in Mumbai.
India markets closed on Tuesday for holiday
Reuters
PUBLISHED ON JAN 26, 2021 07:33 AM IST
The NSE Nifty 50 index ended 0.93% lower at 14,238.9 on Monday, while the S&P BSE Sensex fell 1.09% to 48,347.59.
Dollar firm as jittery markets look to Fed for catalysts
Reuters, Singapore
PUBLISHED ON JAN 26, 2021 06:56 AM IST
Bets the US dollar keeps falling, to extend a downtrend which began last March, hit an almost decade high last week, positioning data shows.
Oil holds gain near $53 as tightening supply offsets virus woes
Bloomberg
PUBLISHED ON JAN 26, 2021 06:35 AM IST
Oil has surged almost 50% since the end of October but the rally has started to falter amid concerns about a sustained recovery in global fuel demand.
Budget 2021: Telangana doctor says investments in healthcare must be boosted
By Srinivasa Rao Apparasu, Hindustan Times, Hyderabad
PUBLISHED ON JAN 26, 2021 02:49 AM IST
- Medical staff in hospitals wore bulky personal protective equipment (PPE) for hours, leaving them dehydrated, exhausted and drenched in sweat.
Have the labour markets recovered post-lockdown?
By Rosa Abraham , Amit Basole, New Delhi
UPDATED ON JAN 26, 2021 04:48 AM IST
- Several high-frequency indicators such as the Nomura India Business Resumption Index (NIBRI), Purchasing Managers’ Indices (PMI) show a strong sequential recovery in the economy.
CAIT alleges Amazon, Flipkart, Zomato and Swiggy of flouting rules
PTI, New Delhi
PUBLISHED ON JAN 25, 2021 06:19 PM IST
CAIT Secretary General alleged that similar obligations were imposed on e-commerce food business operators.
Amazon tries to block Future's asset sale to Reliance after regulatory approval
Reuters, New Delhi
PUBLISHED ON JAN 25, 2021 05:52 PM IST
The Amazon filing also argued that Future should not rely on any regulatory approval it has received, in light of the arbitrator's injunction.
Apple faces Italian suit over iPhones that wear out too quickly
Bloomberg
PUBLISHED ON JAN 25, 2021 04:40 PM IST
The lawsuit mirrors US cases over claims that the company misled consumers about iPhone battery power and software updates that slowed the performance of the devices.