economy news

Representational image of a wholesale market in in Assam’s Goalpara district | Photo Credit: PTI India’s wholesale prices remained in deflationary mode for the seventh month in a row in October, with the Wholesale Price Index (WPI)…

Moody's on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden's administration.The…

U.S. Ambassador to India Eric Garcetti during the 20th Indo-US Economic Summit, in New Delhi on September 26, 2023 | Photo Credit: ANI India and the US need to strive towards a more ambitious and frictionless bilateral trade relationship,…

File picture of workers loading LPG cylinders on to a truck. | Photo Credit: Reuters Public sector Oil Marketing Companies (OMCs) have slashed the price of 19 kg commercial LPG gas cylinders by ₹158, according to the sources. The new…

A scene at wholesale vegetable market Azadpur Mandi, in New Delhi. File | Photo Credit: Sushil Kumar Verma Retail inflation resurged in July to hit 7.44% from 4.87% in June, with consumers facing a sharp 11.5% spike in food prices. This is…

Output of eight key infrastructure sectors — known as the core sector — expanded to a five-month high of 8.2 per cent in June. This is due to a high base effect and positive growth in seven of the eight sectors. In June…

By Ashutosh Joshi   An eight-fold surge in tomato prices is making some Indian farmers rich, although their windfall gains may be short-lived due to a likely rise in supplies in the coming weeks.   Retail prices of…

Image used for representational purpose only. | Photo Credit: V.V. Krishnan Jet fuel or Aviation Turbine Fuel (ATF) price on July 1 was hiked by 1.65% - the first increase in rate after fourth months of reduction warranted by softening oil…

Goods and Services Tax (GST) has acted as an engine for driving domestic consumption and helped households save on monthly bills since its implementation six years ago, the government said on Friday..Giving a comparison of the tax rates of…

There is unprecedented interest in all areas of AI, and the substantial investment we are making in our Data and AI practice will help our clients move from interest to action to value, in a responsible way, says Accenture Chair and CEO…