India`s retail inflation likely to ease

India’s retail inflation based on the Consumer Price Index (CPI) is expected to ease to 5.5 per cent in November due to a decline in food prices, according to a Morgan Stanley report.  "We expect CPI inflation to edge downwards to 5.5 per cent in November from 6.2 per cent in October, aided by a … Read more

RBI, Finance Ministry coordination at its best, says Shaktikanta Das

The Reserve Bank of India and the Finance Ministry have been on "best terms with excellent coordination and cooperation” over the last six years, outgoing RBI Governor, Shaktikanta Das, said in his farewell address on Tuesday.  He said, “The perspectives of the central bank and the Finance Ministry may differ at certain times but I … Read more

SIP investments in India above Rs 25,000 crore for 2nd month in a row

The inflow into systematic investment plans (SIPs) stood at Rs 25,320 crore in November in the country, almost similar to the October figures (Rs 25,323 crore), according to data from the Association for Mutual Funds in India (AMFI) on Tuesday.  In November, the mutual fund industry's total assets under management (AUM) increased to Rs 68.08 … Read more

Adani Green fastest wealth creator, Adani Enterprises best all-round wealth creator: MOFSL

 Adani Green has emerged as the fastest wealth creator during the five-year period (2019-March 2024), with a compound annual growth rate (CAGR) of 118 per cent, a Motilal Oswal Financial Services Limited (MOFSL) study showed on Tuesday.   According to the ‘29th Motilal Oswal Annual Wealth Creation Study,” Rs 10 lakh invested in 2019 in … Read more

We value Amazon`s efforts to empower businesses from urban centres to rural areas: Nitin Gadkari

Union Minister of Road Transport and Highways, Nitin Gadkari, said on Tuesday that the government values Amazon's efforts to leverage its logistics expertise across India, empowering businesses from urban centres to rural areas, as the e-commerce giant announced a series of initiatives towards ‘Viksit Bharat’.  At the fifth edition of its annual ‘Smbhav Summit’ in … Read more