Out of 23 manufacturing industries, 19 recorded positive momentum, an improvement from 16 in the previous month. Additionally, higher government spending in January provided further support to industrial growth, and the outlook remains favourable for meeting budget targets.
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Retail inflation fell below the Reserve Bank’s median target of 4% in February, driven by lower food prices, including vegetables and eggs. Meanwhile, the manufacturing sector boosted the factory output index to 5% in January. The sharp decline in inflation…
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“With benign inflation this month and going forward, we expect a cumulative rate cut over the cycle could be at least 75 basis points, with successive rate cuts in next policy April and June 2025. With an intervening gap in…
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Core inflation edged higher in February, mainly due to a surge in gold prices, but the stabilization of global edible oil prices and expectations of a normal monsoon suggest a favourable food inflation trend in the coming months.
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There is an urgent need to build artificial intelligence (AI) solutions suited for India’s language diversity, to bring a billion Indians into the AI-driven digital economy, Infosys co-founder and Aadhaar architect, Nandan Nilekani, has said.
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Among Nifty companies, 18 stocks advanced, while 31 declined, and one remained unchanged. ONGC, BEL, Tata Steel, IndusInd Bank, and Power Grid emerged as the top gainers, while Sriram Finance, M&Ports were the top losers in early trading.
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