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…
NEW DELHI: ED on Wednesday attached 31 land assets worth more than Rs 582 crore associated with Anil Ambani and his Reliance Home Finance Limited and Reliance Commercial Finance Limited.These properties are located across 13 states and the attachments are the result of searches on Reliance Power on March 6. The total attachment against Ambani…
India’s benchmark equity indices ended sharply lower on Thursday, weighed down by a surge in crude oil prices amid escalating tensions in West Asia. The BSE Sensex fell 829.29 points, or 1.08 per cent, to close at 76,034.42, while the Nifty 50 declined 227.70 points, or 0.95 per cent, to settle at 23,639.15. Analysts said…
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: Kerosene oil, which has made a comeback for household use across several states and UTs, will be primarily made available through ration shops and, in some cases, from retail outlets of public sector oil marketing companies for cooking and lighting purposes. The Centre on Thursday allocated 48,000 kilolitres (kl) of additional kerosene to…
MUMBAI: Vinay Tonse, former managing director at State Bank of India, will take over as chief executive officer of Yes Bank after incumbent Prashant Kumar completes his term on Apr 6, following a change in the bank’s shareholding after Sumitomo Mitsui Banking Corporation acquired a 20% stake and became its largest shareholder.Tonse spent over 35…
Amid the rising oil prices as the Iran conflict continues to escalate, the Trump administration is considering the idea of suspending a key maritime law that requires American ships be used to transport between US ports.“In the interest of national defense, the White House is considering waiving the Jones Act for a limited period of…
US stock markets opened sharply lower on Thursday as surging oil prices and uncertainty stemming from the ongoing conflict involving the US, Israel and Iran weighed on investor sentiment.Shortly after opening bell, the Dow Jones Industrial Average fell 1.1 per cent to 46,879.09. The broader S&P 500 declined 1.0 per cent to 6,706.10, while the…
Fixed term employment is steadily emerging as a mainstream form of hiring. (AI image) India’s world of work is changing. Businesses today operate in an environment marked by rapid technological shifts, evolving geopolitical dynamics, seasonal demand cycles, project‑based work and intense global competition. Geopolitical realignments, supply‑chain reconfiguration and cross‑border regulatory developments are influencing how organisations…
NEW DELHI: The Centre on Wednesday asked states to address LPG cylinder supply constraints and ensure fears of scarcity do not turn into a law and order issue. State govts were also asked to check black marketing and hoarding of cooking gas cylinders, amid reports of panic booking.TOI has learnt that in a meeting with…
