Page 41 - Latest Updates on Inflation
US retail giant Best Buy to lay off hundreds of employees amid inflation
"Employees in 'consultant' roles told they can reapply for other internal jobs or receive severance," the report said
 "US retail giant Best Buy to lay off hundreds of employees amid inflation")
Samsung cuts pay hike to average 4.1%, freezes raises for board members
Both parties hammered out the compromise, taking into consideration the external headwinds that caused the quarterly profit to plunge nearly 96 per cent in the first quarter
 "Samsung cuts pay hike to average 4.1%, freezes raises for board members")
When the randomness of monetary policy reminds one of a game of Ludo
The real issue may be that the RBI does not really subscribe to the mandate it has been given, and the govt, in a pre-election year, quietly supports such agnosticism, writes T N Ninan
 "When the randomness of monetary policy reminds one of a game of Ludo")
Core inflation falls in March but health inflation remains steady, elevated
Household goods and services, personal care products still hovering at high levels
 "Core inflation falls in March but health inflation remains steady, elevated")
Global economy mired in weak growth, sticky inflation: IMF chief Georgieva
IMF's projection of 2.8% global growth for 2023 "is not enough to bring opportunities to businesses and people around the world, and most worrisome is the projection for weak growth over longer period
 "Global economy mired in weak growth, sticky inflation: IMF chief Georgieva")
Soaring milk prices may become a hurdle in Modi govt's inflation fight
"In terms of the outlook for this year, we believe that milk prices will continue to increase, since there is a shortage of milk heading into the peak demand season," said an economist
 "Soaring milk prices may become a hurdle in Modi govt's inflation fight")
Top Headlines: India's smartphone exports, soaring milk prices and more
Business Standard brings you the top headlines at this hour
 "Top Headlines: India's smartphone exports, soaring milk prices and more")
Retail inflation falls to 15-month low in March on easing price pressure
Industrial output rose to 3-month high in Feb
 "Retail inflation falls to 15-month low in March on easing price pressure")
Normal monsoon key but not the only factor to keep inflation under control
Developments such as Covid-induced lockdowns and the Russia-Ukraine war have also played a crucial role in keeping the inflation rate elevated
 "Normal monsoon key but not the only factor to keep inflation under control")
India's March retail inflation eases to 5.66%, lowest since December 2021
According to govt data, urban inflation in March was 5.89%, while rural inflation was 5.51%
 "India's March retail inflation eases to 5.66%, lowest since December 2021")
Sensex rises 235 pts, Nifty tops 17,800 in fag-end; Divis Labs zooms 10%
CLOSING BELL: Among sectors, the Nifty Pharma index leaped over 2 per cent today as India saw over 7,000 fresh cases of Covid-19
 "Sensex rises 235 pts, Nifty tops 17,800 in fag-end; Divis Labs zooms 10%")
Dollar dips ahead of key US inflation data, possible Fed rate hikes
The US dollar slipped on Wednesday ahead of a closely-watched inflation reading later in the day that will provide clues on the path of Federal Reserve interest rate hikes
 "Dollar dips ahead of key US inflation data, possible Fed rate hikes")
Oil prices rise in choppy trading with US and China inflation in focus
Brent crude futures rose 65 cents, or 0.8%, to $84.83 a barrel by 1405 GMT. US West Texas Intermediate futures rose 92 cents, or 1.2%, to $80.66 a barrel
 "Oil prices rise in choppy trading with US and China inflation in focus")
Bulls ride on bank stocks to end higher for 7th session; Sensex up 311 pts
CLOSING BELL: The Nifty50 added 98 points to end at 17,722 level
 "Bulls ride on bank stocks to end higher for 7th session; Sensex up 311 pts")
Cost inflation index for LTCG tax stands 5.13% higher in FY24 YoY
Long-term capital gains tax kicks in for listed equities if the holding period is one year, while it is two years for non-financial assets such as real estate
 "Cost inflation index for LTCG tax stands 5.13% higher in FY24 YoY")
I-T Dept notifies Cost Inflation Index for current FY for computing LTCG
The Cost Inflation Index (CII) is used by taxpayers to compute gains arising out of sale of capital assets after adjusting inflation
 "I-T Dept notifies Cost Inflation Index for current FY for computing LTCG")
Core inflation still elevated despite muted demand, easing supply situation
Some economists believe that firms are using the excuse of supply disruptions, earlier due to Covid-19 and now the Russia-Ukraine war, to increase prices, calling it 'excuseflation'
 "Core inflation still elevated despite muted demand, easing supply situation")
China's weak inflation fuels calls for ease in policy to aid recovery
While the economy has been recovering post-Covid, the figures indicate domestic demand remains weak, giving authorities space to roll out more supportive policies
 "China's weak inflation fuels calls for ease in policy to aid recovery")
Reducing inflation without raising interest rates
It is unfortunate that many see monetary policy and interest rate policy as synonyms. They are not
Sensex, Nifty end flat after choppy day; financials fall, Godrej Prop up 9%
CLOSING BELL: Bajaj Finance, Asian Paints, IndusInd Bank, ICICI Bank, Nestle India, HUL, Reliance Industries, HDFC Bank, Axis Bank, and SBI were the top laggards on the Sensex index