CLOSING BELL: Dismal March quarter earnings by HDFC Bank & Infosys, coupled with fears of aggressive rate hikes amid rising inflation, soaring bond yields, & resurgence in Covid-19 cases hit sentiment
WPI inflation last month was 13.11 per cent on hardening of prices of crude oil and non-food items
Economists expect the RBI to raise its retail-inflation projection for the fiscal year starting on Friday by 50 to 80 basis points from 4.5%.
A feeble impact is already being felt, and if the conflict stretches way beyond March, it could have implications on growth, inflation, fiscal deficit and current account deficit
Rising crude oil prices, depreciating rupee and burgeoning raw material costs have put companies across sectors in a tight spot. Take a peek into this inflation conundrum and the effect on consumers
More needs to be done besides changing WPI base
After two months of mild easing, WPI inflation accelerated in February and remained in double digits for the 11th consecutive month, beginning April 2021
Approval of various committees being sought before the new series is released
Here are the top headlines on Monday
Wholesale price index (WPI)-based inflation rate decelerated to 12.96% in January from 13.56% in the preceding month as per the data released by the industry department.
WPI inflation has remained in double digits for the tenth consecutive month beginning April 2021.
Govt's conservative nominal GDP growth estimate suggests it expects a low-inflation, high-growth FY23. But there are potential downsides to growth & upsides to inflation, especially wholesale
Next three years will have to deliver 17% nominal GDP growth to take economy to $5 trn by FY25; If Budget assumption on growth is accepted, FY24 and FY25 should yield 20% growth each
Business Standard brings you the top headlines on Friday
The January 4-7 survey of 41 economists showed Indian retail inflation rose to 5.80% last month from 4.91% in November.
Healthy revenues, failing disinvestment, and rise in nominal GDP may take fiscal deficit from the Budgeted 6.8% of GDP to anywhere between 6.9% and 7.3%
The concluding part of year-ender series looks at how inflation pinched consumers' pocket
Contrary to popular belief, food items aren't among the biggest culprits in this space; palm oil and cotton are two items that have done much more to disrupt the WPI numbers over time
This is the highest WPI rate in 2011-12 series with WPI inflation remaining in double digits for 8th month in a row
Business Standard brings you the top headlines on Tuesday