RBI
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Consumer durables industry hails RBI's rate cut decision
Consumer electronics and appliances manufactures have unanimously hailed the RBI's move to slash key policy rate by 0.25 per cent. The manufacturers said that it will add to the "festive fervour" with lower interest driving demand and boosting the...
Food
India's annual wholesale inflation at two-year high in August
IANS -
India's annual rate of inflation based on wholesale prices touched a two-year high in August at 3.74 per cent from 3.55 per cent in the month before, said official data released on Wednesday.
After rising for the first time in...
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Retail inflation reaches to 5.76 pc in May on higher food prices
Retail inflation, as measured by the Consumer Price Index (CPI), accelerated to 5.76 per cent in May, driven primarily by rising food prices, making it more unlikely for the central bank to cut rates in the near future.
According to...
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RBI retains retail inflation target at 5 pc with upward bias
RBI has retained January 2017 retail inflation target at 5 per cent, though with an upward bias, amid a sharper-than-anticipated upsurge in inflationary pressures due to food items and firming oil prices.
According to a PTI report: Consumer Price Index...
Retail
Former RBI Deputy Governor joins Nestle India
Rakesh Mohan, former RBI Deputy Governor has joined Nestle India as an independent director.
He will be taking over his duties and responsibilities from May 1, 2016 onwards as an Independent Non-Executive Director.
Prior to it, he was on Nestle India's...
Retail
Inorbit Mall plans Rs.1k cr investment over next 3 yrs
Bullish on growth in the retail sector, K Raheja company Inorbit Mall plans to invest around Rs.1,000 crore over the next three years for setting up new centres in the west and south India , a senior company official...
Retail
Vishal Retail denies stake sale or strategic alliance report
Replying to the news item appearing in a section of media that a credit crunch has hit Vishal Retail hard, Vishal Retail said in a filing to Bombay Stock Exchange: "We are the country's second largest retailer. We receive...
Retail
Retail loans interest rates likely to rise
In a move to control inflation, the Reserve Bank of India (RBI) announced a 0.5 per cent hike in cash reserve ratio (CRR), whereupon interest rates on retail loans are expected to rise.
According to an RBI release, it was...
Retail
Indian industry apprehensive over slow growth
Indian industry is deeply apprehensive about the slowing down of the growth momentum with the outlook for exports, investments, employment and profit taking a severe hit, says a FICCI survey.
Business Confidence Survey (BCS) by FICCI revealed that the Overall...
Retail
IIJ to aid retail sector with trained manpower
Indian Institute of Jewellery (IIJ), an autonomous jewellery institute in the Asia Pacific region, announced the opening for admissions of its new course Jewellery in Organized Retail Management (JOR). The training programme caters to the jewellery retail and lifestyle...
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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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