Wholesale prices increased in December, with inflation measured by the Wholesale Price Index (WPI) rising to 0.83%. This marks the second consecutive month of upward movement after two months of deflation, official data released on Wednesday showed. The return to positive inflation came after wholesale prices contracted in October and November, when WPI inflation stood […]
India’s central bank will allow the rupee to weaken as the country’s external position comes under strain from slowing dollar inflows, widening trade pressures and heavy foreign selling in domestic markets, according to sources cited by news agency Reuters. The Reserve Bank of India (RBI), which had been actively supporting the currency until last month […]
MUMBAI: Bombay high court has said it’s evident that once a company account is declared as fraud, the promoter or directors in control of affairs would automatically be liable to penal measures, reported as fraud and debarred from raising funds or seeking credit facilities, as they were responsible for the acts or omissions of the […]
Millions of small investors have piled into India’s stock market in recent years, eager to build wealth by betting on the country’s economic growth. Catchy advertising and easy-to-open online trading accounts have wooed young people and retirees alike, demystifying investing and fueling the exuberance. This week, many of those investors got a rude shock — […]
