Page 45 - Latest Updates on Inflation
Global M&A braces for dry spell as boardrooms put expansion on hold
Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity
 "Global M&A braces for dry spell as boardrooms put expansion on hold")
Easing commodity prices aid market rally; indices jump 2.6% during week
FPI selling in June nears Rs 50,000 crore
 "Easing commodity prices aid market rally; indices jump 2.6% during week")
Oil rises almost $2 a barrel, still set for weekly drop on recession fears
U.S. Federal Reserve Chair Jerome Powell said the central bank's focus on curbing inflation was "unconditional", adding to fears about more interest rate hikes that have weighed on financial markets
 "Oil rises almost $2 a barrel, still set for weekly drop on recession fears")
Rupee slips by 1 paisa, settles at all-time low of 78.33 against US dollar
During the day, the local unit witnessed an intra-day high of 78.19 and a low of 78.35 against the American currency.
 "Rupee slips by 1 paisa, settles at all-time low of 78.33 against US dollar")
Top headlines: Parameswaran is new NITI CEO, Toyota to deepen ties in India
India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Shaktikanta Das said
 "Top headlines: Parameswaran is new NITI CEO, Toyota to deepen ties in India")
Chidambaram criticises Centre on state of Indian economy amid FPI outflows
Senior Cong leader P Chidambaram criticised the govt over the state of the Indian economy, asking if it was in the "pink of health" after high fiscal deficit, inflation
 "Chidambaram criticises Centre on state of Indian economy amid FPI outflows")
Inflation likely to exceed top of RBI band until December: Shaktikanta Das
India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Das said in an article
 "Inflation likely to exceed top of RBI band until December: Shaktikanta Das")
Dept of Expenditure warns against extending the free food scheme: Report
In an internal note, the FinMin's Dept of Expenditure has warned that extension of the free food scheme beyond September or any more tax cuts will have consequences for the Centre's fiscal situation
 "Dept of Expenditure warns against extending the free food scheme: Report")
Hindustan Unilever to take further price hikes despite volumes taking a hit
Country going through probably the most difficult economic situation, says chairman
 "Hindustan Unilever to take further price hikes despite volumes taking a hit")
Canada's consumer inflation rises 7.7%, surges to 39-year high: Official
Canada's consumer inflation rose to 7.7 per cent year over year in May, the largest yearly increase since January 1983, authorities said
 "Canada's consumer inflation rises 7.7%, surges to 39-year high: Official")
RBI aim is to not have over-tightening or over-stimulus: MPC's Ashima Goyal
Central bank has to target inflation but with 'awareness of nuances',' she says in interview.
 "RBI aim is to not have over-tightening or over-stimulus: MPC's Ashima Goyal")
Fed aims to avoid recession, but it certainly is a possibility: Powell
He said the pace of future rate hikes will depend on whether and how quickly inflation starts to decline, something the Fed will assess on a meeting by meeting basis.
 "Fed aims to avoid recession, but it certainly is a possibility: Powell")
Fed will decide on rate hikes 'meeting by meeting', says Jerome Powell
Its decision-making will be based on the incoming data and the evolving outlook for the economy, Powell said in prepared testimony to the Senate Banking Committee
 "Fed will decide on rate hikes 'meeting by meeting', says Jerome Powell")
Inflation a key monitorable in the near term, says ITC annual report
ITC's FMCG brands crossed annual consumer spend of Rs 24,000 crore and the year also saw about 110 new product launches from the segment
 "Inflation a key monitorable in the near term, says ITC annual report")
Committed to fight inflation but not trying to trigger recession: Fed chair
'It's essential that we bring inflation down if we are to have a sustained period of strong labor market conditions that benefit all,' Fed chair said at a hearing before US Senate Banking Committee
 "Committed to fight inflation but not trying to trigger recession: Fed chair")
Big rate hikes to be the global norm as inflation remains a challenge
With no end in sight to Russia's invasion of Ukraine, commodity prices remain elevated and supply chains remain disrupted
 "Big rate hikes to be the global norm as inflation remains a challenge")
MPC minutes flag inflation worry; aim to bring CPI within target band by Q4
CPI inflation was 7.04% in May. In its June policy review, the MPC raised repo rate by 50 bps to 4.9%, taking the total tally of rate hikes since May to 90 bps
 "MPC minutes flag inflation worry; aim to bring CPI within target band by Q4")
Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%
CLOSING BELL: In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 per cent.
 "Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%")
China Premier Li Keqiang's trip to wheat farm shows food, inflation worries
Li stressed the importance of the wheat harvest this year while touring a farm in Gaobeidian, a city in the northern province of Hebei, Xinhua said on Tuesday
 "China Premier Li Keqiang's trip to wheat farm shows food, inflation worries")
Indian economy: Not just a twin but a triple-deficit problem looms
While the twin deficit problem of widening fiscal and current account deficits has been spoken about, a third problem of widening deficit in the states also stares the Indian economy in the face
