Page 59 - Inflation

Easing material costs to aid Pidilite margins, near-term pressures weigh

Upsides from current levels may be capped due to higher valuations

Indian markets are likely to underperform peers in the short-run: Analysts

Among the lot, US equities still have a lot of room to catch up as the US Federal Reserve (US Fed) slows its pace of rate hikes, analysts say

Sensex drops 519pts, Nifty below 18,200; Easy Trip up 20%, Archean Chem 12%

CLOSING BELL: Over 35 stocks fell on the Nifty50 index, led by Adani Ports, Hindalco, TCS, HDFC, Tech M, Reliance Industries, Hero MotoCorp, Infosys, Grasim, JSW Steel, and Bajaj Finance

Inflation makes humbled central bankers scale back their ambitions

The first step for the newly humbled monetary policymakers is getting prices back under control without creating economic havoc

Joe Biden says 'it is going to take time' for inflation to recede

US President Joe Biden cautioned on Friday that "it is going to take time" for inflation to recede, but he offered fresh assurance that legislation he signed earlier this year will soon help limit costs for health care and energy. He made the remarks while meeting with business and labour leaders in his first public event since returning from an around-the-world trip to Egypt, Cambodia and Indonesia. Biden has been encouraged by the Democrats' stronger-than-expected performance in the midterm elections, but he could be entering a perilous stretch when it comes to the economy. The White House has emphasised a strong jobs market to try to allay concerns about a potential recession. However, the Federal Reserve continues to try to slow economic growth by raising interest rates to battle inflation. It is a delicate situation that Biden will be navigating amid turnover in his economic team. Cecilia Rouse, a labour economist who became the first Black woman to lead the Council of Economi

Japan's consumer prices spike to highest level in 40 years: Govt data

The nationwide core consumer price index, which excludes volatile fresh food items, rose for the 14th straight month, the data showed, beating a 3.5 per cent increase forecast by economists

Shadow of India-China tussle, high inflation over Nepal elections

About 18 million people are eligible to vote for the 275-member Parliament, as well as the 550 members of seven Provincial Assemblies

Inflation moderation key to sustain retail sales growth: Retail body chief

Kumar Rajagopalan of Retailers Association of India sounds hopeful that the industry will grow by 20% in the Oct-Dec wedding season

Euro zone banks return nearly $308 billion in cheap ECB funding

The move is part of ECB efforts to fight record-high inflation in the euro zone by raising the cost of credit and it is its first step towards mopping up even more liquidity

Economy resilient, but sensitive to global headwinds, says RBI article

With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook appears to be resilient though it is still sensitive to global headwinds, an RBI article said on Friday. The article published in the latest RBI bulletin also said the outlook for the global economy remains clouded with downside risks. Global financial conditions have been tightening and deteriorating market liquidity is amplifying financial price movements. Markets are now pricing in moderate increases in policy rates and risk-on appetite has returned. In India, supply responses in the economy are gaining strength, it noted. "With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook can best be characterised as resilient but sensitive to formidable global headwinds," the article said. Urban demand appears robust, while rural demand is muted but more recently picking up traction, it added. The article has been prepared by a team led by RBI Deputy Govern

India's economy to grow between 6.1% and 6.3% in Q2, says RBI bulletin

Data for the July-September quarter will be released at the end of this month

PE/VC investments drop 75% in October over last year: IVCA-EY report

Inflation woes, recession fears, the rising cost of capital, and elevated levels of uncertainty driven by geopolitical tensions have weighed down the PE/VC activity in 2022

Udan levy on airlines to double from Jan due to inflation, route expansion

The official added that a 20 per cent contribution from state governments to the regional connectivity fund had been factored in while proposing the hike

2023 will be a challenging year for emerging markets: Moody's report

In a report, Moody's said next year will present a challenging backdrop for EMs

Canada's inflation steady at 6.9% in Oct: National statistical agency

According to Statistics Canada, in October, higher prices at the gas pump put upward pressure on the all-items CPI

Technical recession has become more likely, says European Central Bank

The European Central Bank sees an increased likelihood of a recession in the 19 countries that use the euro currency, warning that soaring energy prices and high inflation fed by Russia's war in Ukraine have raised risks for bank losses and turmoil on financial markets. People and firms are already feeling the impact of rising inflation and the slowdown in economic activity, ECB Vice President Luis de Guindos said. As the bank released its twice-yearly assessment of eurozone financial stability on Wednesday, de Guindos said that "risks to financial stability have increased, while a technical recession in the euro area has become more likely. A chart published with the report indicated an 80 per cent chance of recession in the eurozone and United Kingdom in the year ahead and a 60 per cent probability in the US. Many economists and the European Union's executive Commission have already predicted a technical recession for the last three months of year and the first part of next year

Bank borrowings up 2x amid rush to fund credit growth, shows RBI data

As liquidity shrinks, lenders' reliance on short-term funding routes increases

RBI likely to go for smaller rate hikes as inflation eases: Analysts

The RBI has already raised rates by 190 bps since May, to 5.90%, as it battles to reign in inflation that has stayed above its 2%-6% tolerance band for ten straight months now.

Inflation in India less as compared to US, UK, other nations: Rajnath Singh

Defence Minister Rajnath Singh on Monday said inflation in India is less as compared to the US, the UK and other countries. He also claimed that the country's economy is progressing rapidly under Prime Minister Narendra Modi. "Inflation in India is less as compared to America (US), Britain and other countries. Our economy is currently at the fifth position, which will rise to third place in the coming times," he said. Singh was interacting with members of the Residents Welfare Association, Mahanagar, and citizens of the local parliamentary constituency here. Praising the prime minister, he said, "PM Modi says 'Make in India' and also make for the world. Work pertaining to the manufacturing of BrahMos missile unit in Lucknow is being carried out on a fast track mode and Rs 385 crore has been approved for the project recently." BrahMos manufacturing is part of India's defence export plans and the country earlier this year signed a $375 million deal to export the supersonic cruise ..

IMF says global economic outlook getting 'gloomier', risks abound

IMF blamed the darker outlook on tightening monetary policy triggered by persistently high and broad-based inflation, weak growth momentum in China, and ongoing supply disruptions