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Retail Inflation Rises To 6.21% In October, Compared To 5.49% In September
Retail inflation rose to 6.21 per cent in October from 5.49 per cent in the preceding month mainly due to higher food prices, breaching the Reserve Bank of India's (RBI's) upper tolerance level, according to government data released today.
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ED Said to Summon Amazon, Flipkart Executives as Regulatory Scrutiny Grows
The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India's $70 billion (roughly Rs. 5,93,614 crore) e-commerce market. An Indian antitrust investigation also found the two companies breached laws by favouring select sellers,
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1.48 Lakh Jet Airways Retail Shareholders' Fate Uncertain After Liquidation Order
The fate of around 1.48 lakh retail shareholders who hold around 20 per cent stake in the beleaguered Jet Airways remains uncertain after the Supreme Court ordered the liquidation of Naresh Goyal-led grounded airline.
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FADA: Over 28 Lakh Vehicles Sold In India During Festive Month, Sales Up By 32%
In the month of October 2024, the Indian auto market witnessed retail sales of 28,32,944 units, marking a growth of 32 per cent on a YoY basis.
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Reliance Jio IPO Said to Launch in 2025, Retail Unit Listing Slated for Much Later
Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion (roughly Rs. 8,41,090 crore). Reliance Industries' boss Ambani hasn't updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would "move towards" a listing within five years.
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Gold Prices Touch Rs 81,400 Amid Huge Dhanteras Demand
Gold prices rose by Rs 300 to Rs 81,400 per 10 grams, near its record high level, in the national capital on Tuesday due to heavy demand for Dhanteras by jewellers and retailers, the All India Sarafa Association reported.
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Apple Ships $6 Billion of iPhone Models From India in Big China Shift
The US company exported nearly $6 billion of India-made iPhones, an increase of a third in value terms from a year earlier, people familiar with the matter said, asking not to be named as the information is private. That puts annual exports on track to surpass the about $10 billion of fiscal 2024.
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Apple Looks to Hire 400 Employees for New Retail Stores in Bengaluru, Delhi-NCR and Other Cities: Report
Apple is planning to hire as many as 400 people in an effort to broaden its retail operations in India, building upon the success of its first-ever outlets at Select Citywalk Saket in Delhi and Bandra Kurla Complex (BKC) in Mumbai, according to a report. The recruitment frenzy is said to be in anticipation of the planned establishment of four more ...
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Hyundai India's Shares Fall 1.3% In Debut Trade After Record $3.3 Billion IPO
Hyundai Motor India's shares fell 2% in their market debut today, after a tepid response from retail investors to the country's largest ever initial public offering.
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ZebPay Marks a Decade in India’s Crypto Landscape, Sets Sights on Expanding Retail Market Share
ZebPay has completed ten years of operations in India’s crypto market. Looking ahead, the exchange plans to introduce new features and services aimed at family offices, high-net-worth individuals (HNIs), and institutional investors.
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Indian Retail Group Seeks Antitrust Probe on Quick Commerce Brands Swiggy, Blinkit, Zepto
The All India Consumer Products Distributors Federation (AICPDF) has asked the antitrust authority to investigate Zomato's Blinkit, Zepto, and Swiggy. The AICPDF has alleged that quick commerce firms were practising predatory pricing while also sidelining the traditional salespeople.
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Distributors Seek Probe Against Blinkit, Swiggy, Zepto Over "Predatory Pricing"
India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies - Zomato's Blinkit, Swiggy and Zepto - for alleged predatory pricing, a letter showed on Sunday.
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India Tops Chainalysis’ Global Crypto Adoption Index for Second Consecutive Year
Chainalysis released its ‘2024 Global Crypto Adoption Index’ this week, with India ranking first among 151 nations. India leads in overall crypto adoption, centralized service value, and retail centralised service value.
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Retail Investors Express Interest in Crypto, Yet Market Volatility and Fraud Risks Deter Participation: IOSCO Report
In a report, IOSCO noted that even in 2022, when the crypto sector's valuation fell below $1 trillion (roughly Rs. 1,67,09,363 crore), retail investors continued to invest in crypto assets. This trend was observed not only among retail investors in advanced economies but also among those in emerging markets.
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No Change In RBI Repo Rate: What It Means For Your Monthly EMIs
The Reserve Bank of India's Monetary Policy Committee (MPC) wrapped up its three-day deliberations today, deciding to maintain the repo rate at 6.5 per cent for the fourth consecutive time this fiscal year and the tenth time overall.
![[Partner Content] OPPO F27 Pro+ 5G: Testing India's Most Durable Phone](https://c.ndtvimg.com/2024-06/f2kd0anc_oppo-f27_640x480_17_June_24.jpg?downsize=245:163 "[Partner Content] OPPO F27 Pro+ 5G: Testing India's Most Durable Phone")
![[Partner Content] OPPO Reno11 Pro 5G: The Only Camera You Need](https://c.ndtvimg.com/2024-01/mo0is2i8_oppo-phone_640x480_22_January_24.jpg?downsize=245:163 "[Partner Content] OPPO Reno11 Pro 5G: The Only Camera You Need")
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Retail Inflation Rises To 6.21% In October, Compared To 5.49% In September
Retail inflation rose to 6.21 per cent in October from 5.49 per cent in the preceding month mainly due to higher food prices, breaching the Reserve Bank of India's (RBI's) upper tolerance level, according to government data released today.
-
ED Said to Summon Amazon, Flipkart Executives as Regulatory Scrutiny Grows
The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India's $70 billion (roughly Rs. 5,93,614 crore) e-commerce market. An Indian antitrust investigation also found the two companies breached laws by favouring select sellers,
-
1.48 Lakh Jet Airways Retail Shareholders' Fate Uncertain After Liquidation Order
The fate of around 1.48 lakh retail shareholders who hold around 20 per cent stake in the beleaguered Jet Airways remains uncertain after the Supreme Court ordered the liquidation of Naresh Goyal-led grounded airline.
-
FADA: Over 28 Lakh Vehicles Sold In India During Festive Month, Sales Up By 32%
In the month of October 2024, the Indian auto market witnessed retail sales of 28,32,944 units, marking a growth of 32 per cent on a YoY basis.
-
Reliance Jio IPO Said to Launch in 2025, Retail Unit Listing Slated for Much Later
Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion (roughly Rs. 8,41,090 crore). Reliance Industries' boss Ambani hasn't updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would "move towards" a listing within five years.
-
Gold Prices Touch Rs 81,400 Amid Huge Dhanteras Demand
Gold prices rose by Rs 300 to Rs 81,400 per 10 grams, near its record high level, in the national capital on Tuesday due to heavy demand for Dhanteras by jewellers and retailers, the All India Sarafa Association reported.
-
Apple Ships $6 Billion of iPhone Models From India in Big China Shift
The US company exported nearly $6 billion of India-made iPhones, an increase of a third in value terms from a year earlier, people familiar with the matter said, asking not to be named as the information is private. That puts annual exports on track to surpass the about $10 billion of fiscal 2024.
-
Apple Looks to Hire 400 Employees for New Retail Stores in Bengaluru, Delhi-NCR and Other Cities: Report
Apple is planning to hire as many as 400 people in an effort to broaden its retail operations in India, building upon the success of its first-ever outlets at Select Citywalk Saket in Delhi and Bandra Kurla Complex (BKC) in Mumbai, according to a report. The recruitment frenzy is said to be in anticipation of the planned establishment of four more ...
-
Hyundai India's Shares Fall 1.3% In Debut Trade After Record $3.3 Billion IPO
Hyundai Motor India's shares fell 2% in their market debut today, after a tepid response from retail investors to the country's largest ever initial public offering.
-
ZebPay Marks a Decade in India’s Crypto Landscape, Sets Sights on Expanding Retail Market Share
ZebPay has completed ten years of operations in India’s crypto market. Looking ahead, the exchange plans to introduce new features and services aimed at family offices, high-net-worth individuals (HNIs), and institutional investors.
-
Indian Retail Group Seeks Antitrust Probe on Quick Commerce Brands Swiggy, Blinkit, Zepto
The All India Consumer Products Distributors Federation (AICPDF) has asked the antitrust authority to investigate Zomato's Blinkit, Zepto, and Swiggy. The AICPDF has alleged that quick commerce firms were practising predatory pricing while also sidelining the traditional salespeople.
-
Distributors Seek Probe Against Blinkit, Swiggy, Zepto Over "Predatory Pricing"
India's biggest group of retail distributors has asked the antitrust authority to investigate three quick commerce companies - Zomato's Blinkit, Swiggy and Zepto - for alleged predatory pricing, a letter showed on Sunday.
-
India Tops Chainalysis’ Global Crypto Adoption Index for Second Consecutive Year
Chainalysis released its ‘2024 Global Crypto Adoption Index’ this week, with India ranking first among 151 nations. India leads in overall crypto adoption, centralized service value, and retail centralised service value.
-
Retail Investors Express Interest in Crypto, Yet Market Volatility and Fraud Risks Deter Participation: IOSCO Report
In a report, IOSCO noted that even in 2022, when the crypto sector's valuation fell below $1 trillion (roughly Rs. 1,67,09,363 crore), retail investors continued to invest in crypto assets. This trend was observed not only among retail investors in advanced economies but also among those in emerging markets.
-
No Change In RBI Repo Rate: What It Means For Your Monthly EMIs
The Reserve Bank of India's Monetary Policy Committee (MPC) wrapped up its three-day deliberations today, deciding to maintain the repo rate at 6.5 per cent for the fourth consecutive time this fiscal year and the tenth time overall.
