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Retail inflation rose to a 21month high of 5.54 per cent in September, as a low base a year ago amplified the impact of rising food prices, signalling that price pressures are strengthening beyond a statistical rebound. Inflation,...
The Insurance Regulatory and Development Authority of India (IRDAI) is likely to take a cautious approach to the proposed distribution reforms, as building consensus among stakeholders remains a challenge. The regulator may extend...
SIP inflows hit fresh high of ₹32,490 crore in Sept Mumbai: Systematic investment plan (SIP) inflows hit a new high of ₹32,490 crore in September, up from ₹32,297 crore in August, despite the continued equity sell-o amid global headwinds....
The RBI’s weekend measures to curb speculation and contain forex market volatility had the desired eect, with the rupee gaining about 1 per cent at the opening. G-Sec yields jumped on hopes that the RBI will accelerate rate hikes amid...
American economists Robert E Hall and Michael Woodford won the Nobel Memorial Prize in Economic Sciences on Monday for their work on models that have helped governments and central banks manage economic shocks, including energy crises and...
Days before the merchant discount rate (MDR) rollout, a senior NPCI ocial said there was no information on a possible deferment or whether the Supreme Court’s direction to file a short adavit would aect the timeline. The NPCI decided on...
Noida-headquartered HCLTech’s consolidated net profit rose 21.1 per cent year-on-year (y-o-y) to ₹5,132 crore in the second quarter ended September 30, outpacing the 11.5 per cent growth in revenue from operations to ₹35,620 crore. The growth...
