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As per retail price statistics from the Ministry of Consumer Affairs, the national average retail prices rose by 27% between October 19 and November 19. (AI image) Tomato prices have skyrocketed! Even as retail inflation hits a record low, tomato prices have soared anywhere between 25% to 100% in the last month. The cost of…
Scott Bessent stirred a row after claiming that soaring beef prices in US are not linked to economic policies but to an alleged “invasion of cows” across the southern US border.The Treasury Secretary laid out his theory during a Sunday interview with Maria Bartiromo on Fox News. Bartiromo asked about the rising cost of meat…
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has directed the justice department to investigate major meatpacking companies for alleged collusion and price manipulation amid record-high beef prices. In a post on Truth Social, Trump accused meat firms of “driving up the price of beef through illicit collusion, price fixing,…
Microsoft has entered into a $9.7 billion cloud services agreement with Australian artificial intelligence infrastructure provider IREN, a deal that will give the tech major access to Nvidia chips as it scales its AI and cloud operations, AP reported.The five-year agreement includes a 20% prepayment and is aimed at supporting Microsoft’s efforts to meet the…
In recent years, the United States has been a beacon for ambitious Indian students seeking world-class education, especially in science, technology, engineering, and mathematics (STEM) fields. According to In Genius Prep, India overtook China as the largest source of international students in the US during the 2023-24 academic year, with a record 331,833 enrolments —…
MUMBAI: What’s Diwali without sweets? And what’s kaju katli or gulab jamun without its silver varakh (foil)? Ahead of Diwali, many sweet shops are facing a shortage of the varakh as silver price has been soaring, touching Rs 1.9 lakh a kg in the spot market Tuesday.It’s a bittersweet moment for shops as it comes…
Gold may be synonymous with festivals and weddings in India, but this season the metal’s dazzling rise has kept many buyers away. Even as shopfronts sparkle with festive offers, record-high prices have dulled demand for the yellow metal.On October 7, gold futures on the Multi Commodity Exchange (MCX) scaled Rs 1,21,111 per 10 g, marking…
Lower-income borrowers with limited income are increasingly turning to gold loans instead of microfinance institutions (MFIs) to meet urgent financial needs. Rising gold prices, lower gold-loan interest rates and stricter MFI lending norms are driving the trend. RBI data show gold-backed loans jumped 122 per cent year-on-year until June, while the Microfinance Industry Network reported…
