Wholesale inflation rises to 11.39% in September as food, fuel costs climb (representative image) India’s wholesale price index (WPI)-based inflation surged to a series-high of 11.39% in September, up from 9.92% in August, driven by rising prices of food, manufactured items, and fuel and power, government data showed on Wednesday.Inflation in the food index rose…
Fairfax, led by Canadian billionaire Prem Watsa, will pay Rs 81 per share for IDBI Bank. Canada-based Fairfax Financial Holdings is set to acquire a 60.72 per cent stake in IDBI Bank for approximately Rs 53,000 crore ($5.5 billion). The transaction would rank as the largest foreign investment in an Indian bank. It marks a…
CAS is a single statement that brings together an investor’s transactions and holdings. (Image for representative purpose only) You invest in mutual funds, shares, ETFs, and even fixed deposits. But tracking your investments and keeping abreast with what money lies where can be a tricky and sometimes cumbersome task.This is where the Reserve Bank of…
File photo: Union commerce minister Piyush Goyal Union commerce and industry minister Piyush Goyal on Wednesday said India was working to rebuild its relations with China, while stressing that the future of the engagement remained open.He also said India was willing to enter into joint ventures with any country, provided it received a fair deal…
The maximum payout will be Rs 17,951 per eligible employee, with payments covering non-gazetted staff across several categories. NEW DELHI: The Union Cabinet has approved a Productivity Linked Bonus (PLB) of 78 days’ wages worth Rs 2,009.61 crore for around 11.41 lakh eligible railway employees, recognising the Railways’ performance in 2025-26.The maximum bonus payable to…
The fully air-conditioned train set has brought several technological advances to passenger services. Vande Bharat Express trains had till the start of this year been manufactured only at the Integral Coach Factory (ICF) in Chennai. However, in 2026 the other two Indian Railways’ coach factories – Rail Coach factory (RCF) Kapurthala and Modern Coach Factory…
Taiwan advances Alaska LNG deal. Taiwan said on Wednesday it was making progress in negotiations to buy liquefied natural gas (LNG) from Alaska and planned to invest up to $4.4 billion in the project. The announcement came after US President Donald Trump said Taiwan had agreed to buy 30% of the proposed project’s output.Taiwan’s economy…
Jaishankar said the outcome would also depend on the terms other countries secured in their negotiations with US. (PTI) NEW DELHI: External affairs minister S Jaishankar has said that India and the United States were continuing talks to resolve differences over the proposed trade deal, adding that negotiations appeared to be heading towards a “landing…
CHENNAI: Zoho has paused hikes for its employees and is cutting down marketing spend due to inflation, rising AI-related expenses and challenging geopolitical and market conditions, said the company’s founder and chief scientist, Sridhar Vembu. In a post on X on Tuesday, he wrote that AI usage has driven up costs significantly amid a challenging…
A soft CPI or a dovish tone from Warsh could take gold towards $4,220-4,310. Gold price prediction today: Gold prices are likely to trade cautiously with no clear catalyst for a big rise, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers. Below is her outlook:Gold has had a…