MUMBAI: Fast-moving consumer goods (FMCG) companies are grappling with heightened commodity cost inflation amid a sharp rebound in crude oil prices while the impact of weak monsoons is slowly showing up in pockets of consumption, companies said in their Q2 updates even as they estimated strong revenue and volume growth for the quarter.The broader takeaway…
NEW DELHI: The Indian economy is expected to grow 7.1% in 2026-27, against 6.6% estimated earlier, on the back of strong domestic demand and exports, despite global headwinds, the World Bank said Tuesday.The multilateral agency is the latest to revise its projections after India’s growth accelerated to 7.8% during the first quarter of the current…
The Reserve Bank of India (RBI) has enabled interoperability between account aggregators. (Image for representative purpose only) Soon, your Consolidated Account Statement (CAS) will reflect details from your mutual funds, insurance, banks and fixed deposits.The Reserve Bank of India (RBI) has enabled interoperability between account aggregators (AAs), a move that will allow customers to share…
Smartphone prices (Image for representation) NEW DELHI: Costlier smartphones are slowing India’s shift to 5G. Rising component costs are driving a comeback for 4G devices as buyers seek better specifications at affordable prices.Shipments of 4G smartphones are expected to grow 3% in 2026 even as the overall market declines, according to Counterpoint Research. Their share…
The Kerala High Court observed that the grandmother could not be expected to make such unreasonable demands. (Image for representative purpose only) Is a woman entitled to seek maintenance from her granddaughter and late son’s widow if she herself already receives pension? In a recent judgement, the Kerala High Court has ruled that a grandmother…
Indian benchmark indices ended sharply higher in the previous session, extending their rally for a second straight session. The 30-share BSE Sensex gained 685.34 points, or 0.95%, to settle at 73,067.81, while the 50-share NSE Nifty climbed 220.35 points, or 0.98%, to close at 22,776.10. Buying in banking stocks and Reliance Industries, along with a…
Does the repo rate hike mean an automatic increase in your loan EMIs? The Reserve Bank of India has announced a repo rate hike to keep inflation under check. But already faced with higher costs of daily essentials, Indian households have to now contend with paying higher EMIs for their loans.The US-Iran war has fed…
The man, a doctor in Mumbai, owns a ground-floor unit in Building No. 1 of the housing society. (Image for representative purpose only) You default on the maintenance dues for the housing society you are living in. Should you be labelled as a defaulter? In one such case a man has secured interim protection from…
Iraq devalues its currency Iraq’s dinar has taken a step down against the US dollar, with the country officially resetting its exchange rate from around 1,300 dinars to 1,500 dinars per dollar. But in the market, the dollar is already fetching more than 1,700 dinars.The new official rate was decided at a Cabinet meeting on…
Starlink has completed a major ground infrastructure in India, with 20 gateway sites and hundreds of antennas already in place as the satellite communications company prepares to serve the Indian market.Lauren Dreyer, vice president, Starlink business operations, SpaceX, said at India Mobile Congress 2026 that the company has also developed security controls specifically for the…