[ad_1] MOSCOW: The rouble hit a one-week low past 93 to the dollar on Monday as the Russian market reopened after a deadly shooting rampage near Moscow on Friday evening, with the Russian currency supported by high oil prices and month-end tax payments. Russia lowered flags to half-mast for a day of mourning and charged…
[ad_1] NEW DELHI: E-commerce major Amazon on Saturday said it is revising its seller fees on account of inflation and interest rates, as well as to match the industry-prevalent fee structures. Starting April 7, Amazon.in is revising its fee structure, including referral fees, closing fees, and weight handling fees besides other ancillary fee heads, for…
[ad_1] R Dinesh, president of the Confederation of Indian Industry, is optimistic about growth momentum. In an interview to TOI, he says significant private sector investment is happening across sectors. Excerpts:What is your assessment of the overall macroeconomic situation?Obviously, good indicator of the pack is that the platform or base is very very strong. Second…
[ad_1] Gold climbed over 1% on Wednesday after the U.S. Federal Reserve indicated they expect to reduce interest rates by three quarters of a percentage point by end-2024, sending the dollar and Treasury yields lower. Spot gold rose 1.2% to $2,183.02 per ounce by 15:23 p.m. EDT (1923 GMT). U.S. gold futures settled 0.1% higher…
[ad_1] MUMBAI: RBI is yet to achieve its target inflation rate of 4% despite bringing down core inflation driven by frequent food price hikes, the central bank’s State of the Economy report said.It said that inflation readings for Jan and Feb show that the easing of vegetable prices in the winter was short-lived. Meanwhile, meat…
[ad_1] NEW DELHI: The US Federal Reserve is expected to maintain its key lending rate unchanged on Wednesday, continuing discussions on potential rate cuts in the ongoing battle against inflation.The Fed has raised interest rates to a 23-year high between 5.25 and 5.50 percent to stabilize inflation at its long-term target of two percent. Despite…
[ad_1] MUMBAI: Members of RBI‘s monetary policy committee were optimistic about growth in their meeting this month, but concerned about food prices spiking. The minutes of the MPC meeting held from Feb 6-8 and released on Wednesday show members’ less hawkish stance on stifling demand but also that they believe in waiting a bit longer…
[ad_1] MUMBAI: The Reserve Bank of India’s job to bring down inflation is not over, and any premature move on the policy front could undermine the success achieved so far on the price situation, according to RBI governor Shaktikanta Das. According to the minutes of the February Monetary Policy Committee (MPC) meeting released by the…
[ad_1] THE HAGUE: Dutch brewer Heineken on Wednesday reported a drop in annual profits as beer volumes declined in “challenging market conditions” including high inflation.The world’s second-biggest brewer after AB InBev said its net profit in 2023 came in at 2.3 billion euros ($2.5 billion), compared to the 2.7 billion euros of profit it made…
[ad_1] NEW DELHI: RBI governor Shaktikanta Das on Monday said lower govt borrowings than the market estimates will free more capital for the private sector, resulting in easing of inflation and bolstering growth.He also backed govt’s focus on capex, arguing that it is a GDP multiplier, as it creates a multiplier effect of 1.2-1.4 times….