Data sets show that pressure has been building up on consumers since the start of the year as the war disrupted energy supplies, pushing up prices of fuel and LPG cylinders. MUMBAI: Indians are counting every penny they are spending—blame it on price hikes and inflation. Consumers are becoming value-conscious, trimming budgets for non-essential spends…
On NSE, Nifty too showed a similar trajectory and closed 199 points (0.9%) down at 22,422 points. For both leading indices, it was the first time in 25 years that they recorded lower weekly closes for eight consecutive weeks. MUMBAI: Rising bond yields in almost all major markets around the world, along with spiking crude…
High gold prices have made the precious metal out of reach for several people. (Image for representative purpose only) This festive season, Indians may opt to buy silver instead of gold as prices of the yellow metal stay high despite the recent fall. Silver, traditionally playing a supporting role to gold in India’s jewellery market,…
The Hindu Succession Act, 1956, does not distinguish between married and unmarried Hindu daughters when determining inheritance rights. (Image for representative purpose only) You are allotted land by the state government under Nautor rules, but what happens after your death? Can your married daughter inherit it? In one such case, the court has ruled in…
Worker confidence weakens as US hiring slows (representative image) US employers added just 29,000 jobs in September, well below expectations, while the unemployment rate rose to 4.2%, according to government data released on Friday, pointing to a slowdown in hiring as the US heads towards pivotal midterm elections.Hiring fell sharply from a revised 133,000 in…
The Directorate General of Trade Remedies found that low-priced imports hurt domestic manufacturers, limiting their ability to raise prices despite higher costs. NEW DELHI: Mobile covers imported from China could become costlier as India’s trade remedies authority recommended a five-year anti-dumping duty of $72 per 1,000 pieces. The Directorate General of Trade Remedies found that…
Under the earlier regime, acquiring a “major shareholding”—defined as 5% or more of a bank’s paid-up share capital, demanded prior clearance from RBI. MUMBAI: RBI has eased rules for large DIIS acquiring shares in banks, allowing eligible mutual funds, pension funds and insurance firms to obtain one-time approval to raise their aggregate holding to 10%…
Global food prices rise to their highest level in nearly four years Global food prices climbed to their highest level in nearly four years in September, as disruptions to major trade routes and concerns over weather conditions pushed up prices of several key commodities.The United Nations’ Food and Agriculture Organization (FAO) Food Price Index averaged…
Selecting crude involves more than just comparing headline discounts. By Sourav Mitra and Praveen RaiIndia’s search for the optimal crude import mix is a constant balancing act. As the world’s third-largest crude oil importer, and with around 88% of its crude needs met from abroad, India feels the impact of every price swing – from…
September shipments through Hormuz hit post-war high LNG traffic through the Strait of Hormuz increased in September, with the number of cargoes leaving the key waterway reaching its highest monthly level since the US-Israeli war on Iran began. The rise came despite continuing security concerns and uncertainty over shipping through the strait.Data from S&P Global…