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The government on Wednesday extended the mandate for the Reserve Bank of India (RBI) to maintain retail inflation at 4 per cent, with a tolerance band of 2 percentage points on either side, for another five years ending March 31, 2031.The move continues the flexible inflation-targeting framework first introduced in 2016 and retained once earlier…
The price of bulk diesel sold to industrial users was hiked by about Rs 22 a litre on Friday, reflecting the spike in global oil prices amid conflict in the Middle-East, even as the rates of normal petrol and diesel remained unchanged.In Delhi, bulk or industrial diesel prices were raised from Rs 87.67 per litre…
Google, Meta, Amazon, Microsoft along with nine other tech and retail giants have now come together to launch the Tech Industry Accord to Combat Scams. This initiative from the companies is designed to tackle the increasing problem of online fraud. Announced this week, the Accord is one of the largest industry collaborations till date which…
MUMBAI: The surge in retail credit in India rests on a quiet infrastructural shift-the growing ability of lenders to judge creditworthiness of borrowers quickly and cheaply. What has made this possible is a dramatic fall in the cost of obtaining credit reports, aided by digital scale and the proliferation of fintech platforms that allow consumers…
NEW DELHI: Retail inflation inched up by 47 basis points in Feb, largely led by an increase in food & beverages and personal care & effects inflation. The West Asia conflict is likely to add further pressure.Data released by the National Statistics Office (NSO) on Thursday showed retail inflation, as measured by the consumer price…
India’s retail inflation edged higher in February, largely on the back of rising food prices, according to official data released on Thursday.Data from the National Statistics Office (NSO) showed that inflation measured by the Consumer Price Index (CPI) rose to 3.21 per cent in February, up from 2.74 per cent in January. Despite the increase,…
NEW DELHI: Automobile retail sales rose nearly 26% to 19.1 lakh units, reaching a record in Feb 2026, data released by the Federation of Automobile Dealers Associations (FADA) showed.FADA stated that five of the six major segments of vehicles, including two-wheelers, three-wheelers, passenger vehicles, commercial vehicles and tractors, recorded their highest ever Feb sales, with…
India’s automobile industry sustained its growth momentum in February, with leading carmakers reporting higher dispatches to dealers as steady consumer demand supported sales across passenger vehicles and utility segments.Leading automakers Maruti Suzuki, Tata Motors Passenger Vehicles, Mahindra & Mahindra and Hyundai posted an increase in vehicle dispatches last month, reflecting continued strength in the domestic…
Lulu Retail Holdings, the largest pan-GCC full-line retailer, has unveiled an ambitious expansion strategy that will see the company open 50 new stores across the Gulf region between 2026 and 2028, a move expected to reshape regional retail dynamics and create hundreds of new jobs in coming years. The announcement comes as Lulu reported record…
NEW DELHI: Retail inflation was at 2.8% in Jan, the first print under the new data series which was released on Thursday with several new additions and weightage of food being reduced.The base year in the new series has been upgraded to 2024 from the current 2012 and uses the household consumption survey 2023-24 data…
