Page 65 - Latest Updates on Inflation
Unilever CEO Alan Jope to retire at end of 2023 after GSK setback
Jope, a long-term veteran of the consumer goods company, will leave after only five years in the role, with no named successor currently in place
 "Unilever CEO Alan Jope to retire at end of 2023 after GSK setback")
S&P projects India's FY23 GDP growth at 7.3%, pegs inflation above 6%
S&P Global Ratings projected India's economic growth at 7.3% in current fiscal with downside risks and said inflation is likely to remain above RBI's upper tolerance threshold
 "S&P projects India's FY23 GDP growth at 7.3%, pegs inflation above 6%")
India's gold demand may cross China's: World Gold Council's John Reade
In a Q&A, the council's Global Chief Market-Strategist said the price of gold will face headwinds in the near future
 "India's gold demand may cross China's: World Gold Council's John Reade")
Don't equate fun with money: Pichai tells staff in heated all-hands meet
He talked about the vexed issue of cost cuts, and indicated Google's culture could still be enjoyable, even if some things were taken away
 "Don't equate fun with money: Pichai tells staff in heated all-hands meet")
Markets may remain volatile with selling bias: IIFL Securities chairman
In a Q&A, R Venkataraman says the markets seem to be hoping against hope that rate hikes will not need to be sharp going ahead so as to trigger a global recession
 "Markets may remain volatile with selling bias: IIFL Securities chairman")
Rahul Gandhi slams Centre over issues of price rise, unemployment
Rahul Gandhi attacked the Centre over the issues of price rise and unemployment, alleging that the BJP-led government is not for farmers, youth and women but for the five-six richest Indians
 "Rahul Gandhi slams Centre over issues of price rise, unemployment")
US economy may be entering 'new normal' after pandemic, says Jerome Powell
Powell and his colleagues are moving rapidly to reduce the highest inflation in nearly 40 years after being slow to spot the threat of broadening price pressures.
Inflation, social unrest challenge Bangladesh's 'miracle economy'
Experts say Bangladesh's predicament is nowhere nearly as severe as Sri Lanka's
 "Inflation, social unrest challenge Bangladesh's 'miracle economy'")
Economist Roubini expects a 'long, ugly' recession, stocks sinking 40%
Roubini, who has warned through bull and bear markets that global debt levels will drag down stocks, said that achieving a 2% inflation rate without a hard landing is going to be "mission impossible"
 "Economist Roubini expects a 'long, ugly' recession, stocks sinking 40%")
Samajwadi Party boycotts UP assembly session, protests on varied issues
At the party office, SP chief Akhilesh Yadav told reporters that the government is trying to run away from discussing basic issues in the House by keeping the session for a shorter period.
 "Samajwadi Party boycotts UP assembly session, protests on varied issues")
Microsoft CEO confident about Activision deal approval, handling of economy
Nadella said the company will keep growing in some areas after adding approximately 70,000 workers during the pandemic
 "Microsoft CEO confident about Activision deal approval, handling of economy")
Govt making efforts to keep inflation under 4%: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman said the government was making efforts to keep inflation under 4 per cent and steps were being taken to ensure people get essential goods at fair price
 "Govt making efforts to keep inflation under 4%: Nirmala Sitharaman")
Sri Lanka's inflation jumps to 70.2% amidst worst-ever economic crisis
Sri Lanka's inflation surged to 70.2 per cent in August from 66.7 per cent a month ago as the island nation is grappling with the worst economic crisis, according to official data released on Thursday
 "Sri Lanka's inflation jumps to 70.2% amidst worst-ever economic crisis")
Gold risks collapse into bear market as Federal Reserve targets inflation
Bullion's extended retreat -- with prices on course for a sixth consecutive monthly drop in September -- has driven prices close to bear-market territory
 "Gold risks collapse into bear market as Federal Reserve targets inflation")
Sensex ends choppy day 337pts down; Nifty atop 17,600; banks dip, FMCG gain
CLOSING BELL: Sectorally, indices ended mixed with the Nifty FMCG index rising over 1 per cent, while the Nifty Bank, and Financial Services indices falling up to 1.4 per cent each
 "Sensex ends choppy day 337pts down; Nifty atop 17,600; banks dip, FMCG gain")
Bank of England poised for another big interest rate hike amid inflation
Britain's central bank is under pressure make another big interest rate hike Thursday, with inflation outpacing other major economies
 "Bank of England poised for another big interest rate hike amid inflation")
Amid economic crisis, Sri Lanka's inflation rate jumps to 70.2%
Amid the worst-ever economic crisis since the country gained independence in 1948, Sri Lanka's inflation rate jumped to 70.2 per cent in August, official data revealed on Thursday.
Fallen Rajapaksas back Wickremesinghe as Lanka's creditors seek answers
Much has changed since demonstrators drove Gotabaya Rajapaksa from office in July, the climax of months of protests after record-high inflation and depleted currency reserves bankrupted the nation
 "Fallen Rajapaksas back Wickremesinghe as Lanka's creditors seek answers")
Gap widens between US, India on interest rate hikes since pandemic low
US has hiked rates by 75 basis points on Wednesday to help keep inflation in check
 "Gap widens between US, India on interest rate hikes since pandemic low")
ADB cuts FY23 GDP forecast for India to 7% citing sluggish global demand
Earlier forecast was 7.2%; institution says high inflation is another growth hurdle, cut FY24 forecast to 7.2% from 7.8%
 "ADB cuts FY23 GDP forecast for India to 7% citing sluggish global demand")