Inflation

Jeff Koons Work Sells For $91.1 Million, Record For Living Artist

World News | Agence France-Presse | Thursday May 16, 2019

A sculpture by American artist Jeff Koons sold on Wednesday for $91.1 million at an auction organized by Christie's in New York -- a record price for a living artist.

Next Government Seen Relying On RBI Rate Cuts To Spur Growth: Report

Business | Thomson Reuters | Wednesday May 15, 2019

The government has a fiscal deficit target of 3.4 per cent of gross domestic product for 2019-20. While the RBI is likely to be open to more policy easing, provided inflation does not surge, their impact on economic activity may be limited, given debts burdening India's state banking sector.

Wholesale Inflation At 3.07% In April

Business | Agencies | Tuesday May 14, 2019

The RBI, which tracks consumer inflation primarily to formulate its monetary policy, last month decided to reduce the repo rate by 25 basis points to 6 per cent - a level last seen in May 2018.

Sensex Drops Over 100 Points From Day's High Amid Choppy Trade: 10 Things To Know

Business | NDTV Profit Team | Tuesday May 14, 2019

Domestic stock markets started Tuesday's session on a choppy note with the benchmark indexes switching between gains and losses in the first few minutes of trade, a day after government data showed inflation picked up last month. The S&P BSE Sensex index traded in a range of 148.14 points between 36,998.44 and 37,146.58, while the NSE Nifty moved b...

Interest Rate Cut Hopes Intact As Inflation Remains Under RBI's Target: Experts

Business | Thomson Reuters | Monday May 13, 2019

Analysts polled by Reuters had forecast April's annual increase in the consumer price index at 2.97 per cent

Consumer Inflation Accelerates To 2.92% In April

Business | NDTV Profit Team | Monday May 13, 2019

Consumer inflation remained below the RBI's medium-term target of 4 per cent for a ninth consecutive month. Consumer inflation had stood at 2.86 per cent in March.

US Central Bank Holds Rates Steady, Sees No Strong Case For Moving In Either Direction

Business | Thomson Reuters | Thursday May 2, 2019

Fed policymakers said ongoing economic growth, a strong labour market and an eventual rise in inflation were still "the most likely outcomes" as the US expansion nears its 10-year mark.

Cyclone Fani Live Updates: At 205 Kmph, Cyclone Fani "Extremely Severe", Will Hit Odisha Friday Afternoon

India News | Edited by Abhimanyu Bose, Stela Dey | Tuesday April 30, 2019

With cyclone Fani having intensified into a extremely severe cyclonic storm, the Indian Navy today said it has started preparations to provide assistance in case of an emergency. The navy has prepared ships with additional divers, doctors, inflatable rubber boats and relief materials.

A Huge Challenge For Whoever Wins India Election Will Be Fuel Prices

Business | Thomson Reuters | Friday April 26, 2019

For the oil-import dependent country, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned. Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move t...

RBI's Monetary Policy Committee Concerned On Growth, Some Flag Inflation Risks

Business | Thomson Reuters | Thursday April 18, 2019

A minority of MPC members warned that a bad monsoon could push up food prices and drive up inflation above the RBI's 4 per cent target.

Honda Cars India Recalls 3,669 Units Of Accord To Replace Takata Airbag Inflators

CarAndBike Team | Thursday April 18, 2019

Honda Cars India has announced that it will voluntarily replace Takata driver front airbag inflators from 3,669 units of the Honda Accord, which were manufactured between 2003 and 2006.

Wholesale Inflation Picks Up To 3.18% In March

Business | Thomson Reuters | Monday April 15, 2019

The wholesale price inflation was in line with the forecast by economists in a poll by news agency Reuters, and higher than provisional 2.93 per cent in February.

As Inflation Stays Below RBI's Goal For 8 Months, Rate Cut Seen In June

Business | Thomson Reuters | Friday April 12, 2019

The annual retail inflation rate rose in March to 2.86 per cent, from 2.57 per cent in the previous month, government data showed on Friday.

Expect Another Rate Cut By RBI This Year, Say Experts

Business | Thomson Reuters | Friday April 12, 2019

Analysts polled by news agency Reuters had forecast that retail inflation will accelerate in March on slightly higher food prices but remain under the Reserve Bank of India's medium-term target of 4 per cent.

Consumer Inflation Picks Up To 2.86% In March

Business | NDTV Profit Team | Friday April 12, 2019

The RBI, which tracks consumer inflation primarily to formulate its monetary policy, earlier this month announced its decision to reduce the repo rate by 25 basis points to 6 per cent - a level last seen in May 2018.