Citing the sharp rise in food prices, economists at a foreign bank have forecast a steeply higher retail inflation print for July, pegging it at 6.7 per cent, up 190 basis points from the previous month. Deutsche Bank India economists led by chief economist Kaushik Das, in a report on Monday ahead of… Continue reading Rising food prices may push July inflation up by 190 bps to 6.7%: Report
Tag: July
A veg thali cost 34% more in July than June, thanks to tomatoes: CRISIL
The price of a vegetarian thali in India rose by 34 per cent in July as compared to June, CRISIL’s monthly indicator of food place cost released on Monday showed. 25 per cent of this can be attributed to the inflation in tomatoes. From Rs 33 per kilogram in June, its price rose 233… Continue reading A veg thali cost 34% more in July than June, thanks to tomatoes: CRISIL
Auto retail sales up 10% in July y-o-y; three-wheelers at record pace: FADA
Staying with the growth momentum, automobile retail sales in July posted a 10 per cent year-on-year increase, with 1.77 million units sold. Three-wheelers took the lead with a record growth of 74 per cent, according to the Federation of Automobile Dealers’ Associations (FADA). However, sales declined by 5 per cent month-on-month (m-o-m) mainly due… Continue reading Auto retail sales up 10% in July y-o-y; three-wheelers at record pace: FADA
Indian air carriers’ load factors dip below 90% in July after two months
The average daily load factor of each major Indian air carrier dipped below 90 per cent in July, after two months, according to the data from the Ministry of Civil Aviation, which has been reviewed by Business Standard. Following the suspension of all flights from Go First from 3 May onwards, the passenger traffic… Continue reading Indian air carriers’ load factors dip below 90% in July after two months
Haryana receives 59% excess rainfall in July, Punjab 44%, says IMD
Haryana and Punjab, which were recently hit by floods in several parts, logged over 40 per cent excess rains in July, the Meteorological Department here said. While Haryana recorded 59 per cent excess rainfall, Punjab logged an excess of 44 per cent, it added. Union Territory Chandigarh, the common capital of both… Continue reading Haryana receives 59% excess rainfall in July, Punjab 44%, says IMD
At 2.9 mn, new demat account additions hits 18-month high in July
The buoyancy in the market in July boosted new account openings at brokerages as 2.9 million new dematerialised accounts — required for trading and holding shares electronically — were opened with two depositories — CDSL and NSDL — the highest since January 2022. The total demat tally has now reached 123.5 million. The… Continue reading At 2.9 mn, new demat account additions hits 18-month high in July
World rice price index jumps to near 12-year high in July, says FAO
The July score was almost 20% higher than the last year’s 108.4 points and the highest since September 2011, it said. (Photo: Bloomberg) MUMBAI (Reuters) – The United Nations food agency’s rice price index rose 2.8% in July from a month ago to their highest level in nearly 12 years as prices in key… Continue reading World rice price index jumps to near 12-year high in July, says FAO
FPI inflows hit 11-month high in July, lift benchmarks to fresh highs
Foreign portfolio investors (FPIs) bought Indian shares worth Rs 46,618 crore ($5.63 billion) on a net basis in July, data from the National Securities Depository Ltd (NSDL) showed on Friday. This is the highest monthly FPI inflows since August 2022. Sustained FPI inflows have powered the uptick in the blue-chip Nifty 50 and… Continue reading FPI inflows hit 11-month high in July, lift benchmarks to fresh highs
Paytm up 4% as loan disbursements more-than-double in July to Rs 5,194 cr
Paytm shares advanced 3.9 per cent to Rs 797 per share on the BSE in Friday’s intra-day deals after the fintech company shares a healthy business update for the month of July, 2023. At 10:14 AM, shares of the company were 2 per cent higher at Rs 783 as against 0.47 per cent gain… Continue reading Paytm up 4% as loan disbursements more-than-double in July to Rs 5,194 cr
July PMI services rises sharpest since June 2010 on robust global demand
India’s services sector growth jumped to its highest pace in over thirteen years in July, according to a private survey. According to S&P Global, India’s services purchasing managers’ index (PMI) grew to its highest level since June 2010 to 62.3 in July. A reading above 50 shows an expansion in the sector. The… Continue reading July PMI services rises sharpest since June 2010 on robust global demand