New Delhi: India’s July retail inflation slowed to 3.54%, its lowest in nearly five years, on the back of a sharp decline in food inflation, data released Monday showed. Economists struck a note of caution, pointing out that the drop was largely due to the base effect of high inflation last year and that it … Read more
New Delhi: India’s merchandise exports growth may slow 4.2% on-year at $111.7 billion in the second quarter of FY25, down from 5.8% in the June quarter, the Export-Import Bank of India (Exim Bank) said Monday. Merchandise exports were $109.9 billion in April-June. “Positive growth in India’s exports could be as a result of India’s continued … Read more
An aeroplane flies behind the Adani logo near a building construction site in Mumbai. Adani group is one of the India’s largest multinational company with a diversified business portfolio. Sopa Images | Lightrocket | Getty Images Shares of Adani Group fell on Monday, after a new report from U.S. short seller Hindenburg accused the chair … Read more
India is poised to narrow the gap with China in MSCI Inc.’s gauge for developing nations. Analysts from firms including Smartkarma and IIFL Securities Ltd. expect India’s weight in the MSCI Emerging Markets Index to rise by at least one percentage point following the index provider’s review this week. This would bring the country almost … Read more
At the Paris Olympics, the record-breaking men’s javelin throw final has scripted a heartwarming story of friendship between two athletes from India and Pakistan – countries that have historically had a fierce cricket rivalry. Pakistan’s Arshad Nadeem made history on Thursday by winning the men’s javelin throw event – a first-ever Olympic gold in athletics … Read more
Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs and founder of Ola Electric speaks during a press conference ahead of the Initial Public Offer (IPO). Ashish Vaishnav | Sopa Images | Lightrocket | Getty Images Shares of Ola Electric surged 20% on their market debut on Friday, valuing the Indian electric vehicle startup at … Read more
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story A surprise interest rate hike from the Bank of Japan and the Federal Reserve’s … Read more
Hyundai Creta has emerged as the best-selling SUV in India in July, surpassing Tata Punch, which had been the leader for several months. The Creta’s sales boost reflects a growing trend in the SUV market, highlighting its competitive edge over other models. Hyundai Creta Hyundai Creta maintained its upward trajectory in sales since its new … Read more
The National Stock Exchange of India has a total market capitalization of over $5. Javier Ghersi | Moment | Getty Images India’s Nifty 50 is outperforming the S&P 500 and analysts told CNBC the index could go even higher this year. The South Asian benchmark has surged 11.8% so far this year, outpacing the S&P … Read more
India’s biggest budget airline IndiGo has been trialing a booking feature that will allow women to avoid booking a seat next to men on flights. The feature, the first of its kind for an airline, works by showing female travelers a pink seat at the seat selection page if it will be occupied by a … Read more
