Page 31 - Latest Updates on Inflation
Inflation has eased to manageable level, says Finance Minister Sitharaman
Job creation and equitable distribution of wealth remain the other focus areas, she said at India Ideas Summit here
 "Inflation has eased to manageable level, says Finance Minister Sitharaman")
Volkswagen to list Porsche in one of biggest IPOs in years: Report
The offering could value Porsche at between 60 billion euros and €85 billion, equivalent to between $59.8 and $84.6 billion, according to analyst estimates
 "Volkswagen to list Porsche in one of biggest IPOs in years: Report")
Kirit Parikh panel to review local gas pricing formula to tame inflation
India links local gas prices to a formula tied to global benchmarks, including Henry Hub, Alberta gas, NBP and Russian gas with a lag of one quarter
 "Kirit Parikh panel to review local gas pricing formula to tame inflation")
RBI is anchoring expectations on rupee weakness, says Shaktikanta Das
He expects inflation to fall within tolerance band by January-March
 "RBI is anchoring expectations on rupee weakness, says Shaktikanta Das")
Recalibrating policy priorities
As the global storm rages, emerging markets will have to quickly pivot from addressing the pandemic's scars to focusing on the 'twin deficits' to preserve macroeconomic stability
Tough for India to replicate the outperformance over EMs: Manish Gunwani
We have relatively strong growth and a healthy corporate earnings cycle as positives, but a worrisome current account deficit and high inflation as challenges, says Manish Gunwani.
 "Tough for India to replicate the outperformance over EMs: Manish Gunwani")
Turkey sharply raises 2022 inflation forecast from 9.8% last year to 65%
Turkey sharply raised the country's inflation forecast for 2022 to 65 per cent, up from 9.8 per cent predicted one year ago, according to a government program published in the Official Gazette
 "Turkey sharply raises 2022 inflation forecast from 9.8% last year to 65%")
Congress to hold protest rally against inflation at Delhi's Ramlila Maidan
Congress will hold a 'Mehngai par halla bol' protest rally today at the Ramlila Maidan in the national capital against price rise and policies of the central government
 "Congress to hold protest rally against inflation at Delhi's Ramlila Maidan")
'Think of the worst': RBI Governor Das nudges banks to raise capital
Referring to the RBI's foreign exchange reserves as the "solid backbone" of the economy, Das said they provided the firepower to maintain stability in the rupee despite global headwinds
 "'Think of the worst': RBI Governor Das nudges banks to raise capital")
Amid inflation, global bonds enter their first bear market in a generation
Soaring inflation and the steep interest-rate hikes deployed by policy makers in response have brought to an end a four-decade bull market in bonds
 "Amid inflation, global bonds enter their first bear market in a generation")
Analysts remain bearish on liquor companies despite Q1 volume gains
Raw material pressures and lack of pricing power key reasons for this view
 "Analysts remain bearish on liquor companies despite Q1 volume gains")
As inflation rages on, Fed hopes August hiring report will show slowdown
The government is expected to report that employers added 300,000 jobs last month, according to a survey of economists by the data provider FactSet
 "As inflation rages on, Fed hopes August hiring report will show slowdown")
Inflation and war stoking civil unrest across the globe, shows research
Of 198 countries tracked in the Civil Unrest Index, 101 showed mounting risk in the third quarter of 2022, according to research collected by intelligence firm Verisk Maplecroft
 "Inflation and war stoking civil unrest across the globe, shows research")
Pakistan inflation hits record 47-year high before full impact of flood
Consumer prices rose 27.26% last month from a year earlier, according to data released by the government Thursday.
 "Pakistan inflation hits record 47-year high before full impact of flood")
Amid floods, inflation, a political crisis is the last thing Pakistan needs
Accused of economic mismanagement and toppled in a no-confidence vote in April, Imran Khan has since kept up a steady stream of attacks on the coalition government that replaced him
India's manufacturing growth stays robust in Aug, inflation eases
S&P Global's Manufacturing Purchasing Managers' Index dips slightly to 56.2 in August from 56.4 in July
 "India's manufacturing growth stays robust in Aug, inflation eases")
Dollar jumps to 20-year high as data supports aggressive Fed hike
The report also showed that layoffs dropped in August, despite hefty interest rate increases from the Fed to quell inflation, which have raised the risk of a recession
 "Dollar jumps to 20-year high as data supports aggressive Fed hike")
India's August diesel demand slumps due to monsoon rains and inflation
Fuel demand in India, the world's third biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are hit by heavy floods
 "India's August diesel demand slumps due to monsoon rains and inflation")
Sensex sinks 770 pts, Nifty gives up 17,550 amid global sell-off; PSBs soar
CLOSING BELL: Reliance Industries tanked 3 per cent today, contributing nearly 30 per cent of the losses on the Sensex
 "Sensex sinks 770 pts, Nifty gives up 17,550 amid global sell-off; PSBs soar")
Inflation in Italy surges by 8.4% to reach a 37-year high in August
Prices in Italy were 8.4 per cent higher in August than they were a year earlier, a level that had not been recorded since December 1985, the country's National Institute of Statistics reported
