WPI inflation eases to 3-month low of 15.18% in June

WPI inflation eases to 3-month low of 15.18% in June

Friday, 15 July 2022 | PTI | New Delhi

The wholesale price-based inflation eased to a three-month low of 15.18 per cent in June on a sharp decline in the prices of minerals, but food articles continued to remain costly. June is the 15th consecutive month when the Wholesale Price Index (WPI) based inflation remained in double-digit. Last month, it...

Rising interest rates, inflation to affect affordable housing finance companies' growth: Report

Friday, 15 July 2022 | PTI | Mumbai

Rising interest rates, higher inflation and increasing cost of construction are likely to slow down growth of affordable housing finance companies in the current fiscal, a report said on Thursday. Affordable housing finance (ticket size below Rs 25 lakh) has proven to be one of the most resilient sectors to economic...

Sensex, Nifty slide for 4th day; IT, banking shares drop

Friday, 15 July 2022 | PTI | Mumbai

Benchmark indices Sensex and Nifty gave up early gains to close lower for a fourth straight session on Thursday due to selling in IT and banking shares amid weak global equities. The 30-share BSE benchmark settled 98 points or 0.18 per cent lower at 53,416.15. During the day, it hit a...

Uber driver will be able to see trip destination before accepting ride

Uber driver will be able to see trip destination before accepting ride

Thursday, 14 July 2022 | PTI | New Delhi

Uber on Thursday said its drivers would be able to see the final destination of the passenger before they accept the ride as it looks to cut down on trip cancellation post-booking of the trip. The move follows feedback that the ride-hailing app received from its National Driver Advisory Council which...

SBI Contra Fund AUM doubles in last one year to Rs 4,688 cr

SBI Contra Fund AUM doubles in last one year to Rs 4,688 cr

Thursday, 14 July 2022 | PTI | New Delhi

SBI Mutual Fund on Thursday said its equity fund -- SBI Contra Fund -- has recorded nearly 100 per cent growth in its asset base to Rs 4,688 crore in last one year. "The scheme AUM (Assets Under Management) stands at Rs 4,687.76 crore as on June 30, 2022 as compared...

ONDC to be gradually expanded to more cities: Goyal

ONDC to be gradually expanded to more cities: Goyal

Thursday, 14 July 2022 | PTI | New Delhi

The presence of open network for digital commerce, a Unified Payments Interface-type protocol, will be gradually expanded to more cities after the successful launch of its pilot phase, Union Minister Piyush Goyal has said. Open network for digital commerce (ONDC) is a set of standards for voluntary adoption by sellers or...

Sensex, Nifty fall for 3rd day

Sensex, Nifty fall for 3rd day

Thursday, 14 July 2022 | PTI | Mumbai

Benchmark equity indices Sensex and Nifty reversed their early gains to close lower on Wednesday due to selling in oil & gas, banking and IT stocks amid weak trends in European markets. The 30-share BSE Sensex declined by 372.46 points or 0.69 per cent to close at 53,514.15, extending its falling...

Banks revise foreign currency deposit rates in response to RBI relaxation last week

Thursday, 14 July 2022 | PTI | New Delhi

SBI, ICICI Bank and IDFC First Bank have raised interest rates on foreign currency non-resident deposits in response to the Reserve Bank's relaxation last week to shore up forex inflows. The country's largest private sector lender HDFC Bank has also revised the rates on foreign currency (non-resident) deposits. However, it clarified that...

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