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Friday, October 4, 2024
TopicBloomberg wire

Topic: Bloomberg wire

RBI sticks to dovish policy path even as world turns hawkish to tackle inflation

With output barely above pre-pandemic level, private consumption lagging and price rise expected to moderate, there is need for accomodative policy, RBI governor said.

World’s largest iPhone assembler says parts supply shortages are easing

Shortage of components, in particular computer chips, has hurt production of everything from cars to smartphones as demand rose during the pandemic.

Soaring edible oil prices threaten efforts to keep inflation under control

Prices of palm oil are up 15% this year to a record, while rival soybean oil has jumped 12%, putting a strain on India, the top buyer of palm, soybean and sunflower oils.

Retail-trading boom in India stays strong even as foreign investors flee market

Retail investors opened an all-time high of 3.1 crore stock-trading accounts in 2021. The pace quickened to over 30 lakh per month in the last quarter, SEBI data shows.

Wheat exports set for record, shipments more than double over last season

India is one of the largest producers of wheat but sells little abroad. Export restrictions in Russia and surging prices across major sellers is set to make it the 9th largest shipper.

RBI keeps repo rate steady at 4% to support economic recovery

The six-member monetary policy committee, which has been on pause since August 2020, retained its accommodative policy stance with a 5-1 vote.

India headed for steep fuel price hike after state polls end next month, Deloitte says

Oil companies are expected to increase prices by Rs 8-9 a litre to make up for a shortfall in sale price by 10 March, according to Deloitte.

Fact-checking Covid-related social media posts isn’t working. There’s a better way

On social media, users get cues that lead to mobbing and piling on, and fake accounts or automated 'bots' can give the illusion that vast crowds are impressed or outraged by a news.

Bharti Airtel stumbles on high income tax expense, misses quarterly profit estimate

India’s second-largest telecom carrier, helmed by billionaire Sunil Mittal, posted a 2.8% fall in net income to Rs 830 crores for the quarter ended 31 December 2021.

How effective is omicron-specific vaccine — all you need to know about variant-targeted shots

The omicron variant poses a puzzle for vaccine makers with a new study raising doubts on whether such a variant-specific shot is worth it.

On Camera

Gaza, Ukraine being fought on techno-battlefields. Indian military is 3 decades behind

My assessment is that the Indian armed forces are adopting emerging technologies for incremental change and not transformation—which is the need of the hour.

India’s manufacturing workers saw prices rise faster than incomes even as their productivity fell

Latest Annual Survey of Industries 2022-23 shows large segments of India’s manufacturing workforce are employed in low-productivity work, value added per worker has contracted.

‘No drone bombs or infiltration’, Army Chief says ‘battle of narratives’ must be controlled in Manipur

Chief of Army Staff General Upendra Dwivedi says the Manipur conflict was triggered by a rumour and that the situation may be ‘stable today, but it is tense’.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?