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New Delhi: Retail inflation shot past estimates to hit a 15-month high of 7.44% during July. Mint explains the government's efforts to curb soaring inflation? Over the past few weeks, the Centre has introduced a slew of measures to shore up domestic grain supplies, especially wheat, in order to cool local prices. As things stand, wheat export has also been banned to address domestic demand.

Chandrayaan-3 comes to fruition. In that vehicle is packed not just the scientific ambitions of ISRO, but also the sentiments of the 141-crore strong populace. New Delhi’s lunar mission is all set to make a landing on the South Pole of the moon on August 23-24. Chandrayaan-3 was launched on July 14 and entered into lunar orbit on August 5. Over in Russia, the Luna-25 too has grabbed the attention with its scheduled landing to take place on August 21-23. For a few years now, scientists from NASA and other space agencies have detected frozen water in the south pole craters. This ice could potentially serve as a reservoir for fuel, oxygen, and drinking water, thereby bolstering future lunar habitation endeavours. Both the Russian Space Agency, ROSCOMS and the Indian Space Research Organisation (ISRO) aim to create history by being the first ones to venture into the lunar south pole.

Reuters. The wheat imports from Russia will allow India to intervene more effectively in the market to drive down wheat prices that stoked inflation to a 15-month high in July. Speaking to Reuters, sources said, “The government is exploring the possibility of imports through private trade and government-to-government deals.

New Delhi: Union health minister Mansukh Mandaviya on Thursday emphasized the pivotal role of global summit for traditional medicine in merging ancient practices and contemporary science to achieve health-focused sustainable development goals. Inaugurating the WHO's event, Mandaviya said "This summit offers an unparalleled platform for international dialogue and collaboration in traditional and complementary medicine.

New Delhi: The national capital and the adjoining region (Delhi-NCR) reported a 65% year-on-year increase in retail leasing across investment-grade malls, high streets and stand-alone developments in the first six months of calendar year 2023, real estate consulting firm CBRE South Asia said in a report released Thursday. The city recorded a retail supply of 0.22 million square feet (msf) between January and June, while total leasing during the period stood at 0.70msf compared to 0.42msf a year ago. Fashion and apparel retailers led retail leasing activity in the region with a share of 47%, followed by luxury at 13%, and food and beverage.

NEW DELHI: After reporting a decline in margins in the June quarter due to performance-based appraisals for FY24, Cigniti Technologies is hoping to be back on the growth path from Q3. “As we move forward, our strategic initiatives, like a better offshore-onshore mix and focus on long-term value creation, would pave the way for improved margins, potentially from Q3 onwards,” said Cigniti Technologies CEO Srikanth Chakkilam. Edited excerpts:During the quarter, your revenue improved sequentially but margins declined. Do you see margins improving from Q3 onwards?We have reported a sequential growth of about 3.4% on a quarter-on-quarter basis, which we believe to be a fair performance given the recent macroeconomic conditions.

NEW DELHI : Luggage maker Samsonite reported nearly a 38% jump in sales in India in the first half of 2023, a strong indicator of the travel boom translating to sustained demand for hard luggage and travel bags. During the first half of 2023, Samsonite International SA, which covers the Southeast Asian markets for the luggage maker, said net sales in India jumped 38% (constant currency) in India. Net sales in China grew 99% in the same period, the company said in its earnings release for the six months ended 30 June, filed on Wednesday in Hong Kong.

NEW DELHI : Production of the iPhone 15, which is likely to be unveiled next month, has started at the factory of Apple’s contract manufacturer Foxconn near Chennai, two people familiar with the development said, the first time an Apple smartphone is being assembled in India before its international launch. Foxconn, the world’s largest electronics manufacturer, is assembling these devices at its Sriperumbudur facility in Tamil Nadu, even as it expands its local manufacturing operations beyond smartphones. “One of the units of Foxconn has started making the latest model.

NEW DELHI : A record number of World Trade Organization (WTO) members have raised concerns about rising protectionist moves in global trade, propelling the issue to centre stage at the 13th WTO Ministerial Conference (MC13) in Abu Dhabi in February, an official aware of the development said. Many developing nations, including India, are set to oppose the European Union’s (EU’s) carbon border adjustment mechanism (CBAM) that aims to tax imports of carbon-intensive products such as steel, aluminium, cement, and electricity. The EU is also expected to file a complaint against the US’s Inflation Reduction Act because the $430 billion subsidy to manufacturers of green technology will distort international prices and is against WTO norms.

NEW DELHI : Miners discovering critical and deep-seated minerals may be allowed a revenue share from the block over the entire 50-year lease period, two people aware of the plans said. Miners may also be given the right to carve out as many mineral blocks from the prospected areas that would be auctioned for mining lease later, ensuring recurring returns for the standalone mining entity over the life of different mines with varied mineral deposits.

NEW DELHI : The Union cabinet on Wednesday cleared a raft of programmes spanning mobility to digital, totalling ₹1.18 trillion, about eight months ahead of general elections. Railways bagged the biggest chunk of about ₹32,500 crore, which will go into seven projects, including laying multiple tracks in busy routes to ease operations and reduce congestion. All projects will be fully funded by the Centre.

New Delhi: Pilot training institution, Redbird Aviation, is considering acquisitions of overseas assets, as a part of its expansion strategy to address increasing demand for pilots in India, and boost its fleet size. The company’s objective is to mitigate the impact of supply chain challenges on availability of aircraft, senior executives of the company said. “We acquired a flying school in Colombo, Sri Lanka, which has seven airplanes.

NEW DELHI : The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the Reserve Bank of India (RBI) to respond in three weeks to a petition filed by Adisri Commercial, the former promoter of Srei Infrastructure Finance, against an earlier order issued by the tribunal. On 8 October, 2021, the Kolkata bench of the National Company Law Tribunal (NCLT) had admitted Srei into the corporate insolvency process, and an NCLAT bench In December 2022 rejected Adisri’s plea challenging the NCLT order.

NEW DELHI : New Delhi and Dhaka are considering the establishment of 16 new border haats to increase the volume of trade between the two countries, according to Smita Pant, a senior diplomat in the Ministry of External Affairs. According to Pant, the two countries have eight haats operational, which are located across a number of northeastern states like Tripura and Meghalaya. Pant was delivering remarks at a conference focused on connectivity between India’s Northeast and Bangladesh, organized by Asian Confluence, a think-tank.

NEW DELHI : East India is likely to witness increase in rainfall activity from Wednesday and over adjoining central India from Thursday as a cyclonic circulation may turn into a low-pressure area over north Bay of Bengal and neighbourhood around Friday, India Meteorological Department said in its latest bulletin. “Light to moderate scattered to widespread rainfall with isolated heavy rainfall activity is very likely over Andaman and Nicobar Islands today and on Thursday; over Odisha until Saturday; over Jharkhand from Wednesday and Friday; West Bengal and Sikkim today and on Thursday.

NEW DELHI : Inward foreign remittances to India grew 26% in the last financial year to $112.5 billion, clocking its highest growth in the last five years amid a rebound in economic recovery after the pandemic, showed latest data from the finance ministry. Inward foreign remittances stood at $89.1 billion in FY22, $80.2 billion in FY21, $83.2 billion in FY20, and $76.4 billion in FY19.

NEW DELHI : Centre saved about 12% in construction cost of the country’s first eight-lane, four-level Dwarka Expressway project from the initial estimates and the findings of official auditor CAG that the project cost was exorbitant and much higher than established cost structure, is misplaced, a person in the ministry of road transport and highways said on Wednesday. The person, speaking on condition of anonymity, said that all four packages of Dwarka Expressway were put for tender at an average civil cost of ₹206.39 crore per km but the contracts were finally awarded at a lower rate of ₹181.94 crore per km, thereby making a saving from the initial estimates.

Indiatoday.in, the woman called her boyfriend after killing his son and said, “I took away the most precious thing from you...". After killing the minor Divyansh, the son of her live-in-boyfriend Jitender, the woman stuffed his dead body in a bed box, said the police. The accused has been identified as Pooja Kumari, a resident of Ranhola.

international trade and finance. – Some experts have speculated that a BRICS currency may grow to challenge the dollar’s eminence in the global economy.

New Delhi: The MCA21 portal, on which about 1.5 million active companies file their statutory documents, has been rebuilt from scratch and is now making the transition to a high-security filing regime. After professionals like accountants complained about difficulties in filing documents, the ministry of corporate affairs held extensive public consultation across multiple cities in June and is closely monitoring the functioning of the portal revamped by a private service provider. So, has the new corporate reporting regime taken off? Mint takes a look.

New Delhi: Rainfall activity is set to intensify in eastern India starting Wednesday and in adjoining central India due to a potential low-pressure area forming over the Bay of Bengal, the India Meteorological Department (IMD) has said. “Light to moderate scattered to widespread rainfall with isolated heavy rainfall activity is very likely over Andaman and Nicobar Islands today and on Thursday; over Odisha until Saturday; over Jharkhand from is Wednesday and Friday; in West Bengal and Sikkim today and on Thursday.