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Inflation in the U.K. as measured by the consumer prices index has eased back to its lowest level in more than two years

precautionary measures. The announcement about the increasing numbers of the new sub-variant, detected in three states, came with the Union Health Ministry reporting 614 new Covid infections, marking the highest daily count since May 21. As panic spread and Covid came under the spotlight again, experts stepped in to say there is no need to panic — available treatments are effective, the infection is mild and all viruses mutate.

RBI research paper. Inflation in India is more influenced by supply side factors and occasionally by demand, said the report published in RBI's latest monthly bulletin.

ICRA expects the margin for tea estates based out of North India (NI) to be significantly impacted in FY2024 due to the double whammy of increase in cost of production, following the wage rate hikes in West Bengal and Assam and the drop in realisation due to the low export demand and a sluggish rural consumption. According to ICRA’s recent note on the sector, the operating profit margin (OPM) of NI-based bulk tea players is expected to be significantly impacted in FY2024 and, given the current operating environment in the tea industry, both domestic and international, any material improvement in profitability during FY2025 appears unlikely at present. The rating agency has thus revised the sector outlook to Negative from Stable. «The all-India auction prices of orthodox (ODX) tea in 10M CY2023 witnessed a significant decline of Rs.

₹112.60 apiece on BSE. IREDA share price tanked over 9% on Monday's early trading session due to profit booking.

Kuwait's emir Sheikh Nawaf al-Ahmad Al-Sabah, who was defence minister when Iraq invaded the oil-rich country in 1990, was laid to rest Sunday in a low-key funeral, a day after he died aged 86. Foreign leaders and envoys were later due to pay their final respects, including the Saudi de facto ruler, the kings of Bahrain and Jordan, and US Defense Secretary Lloyd Austin.

WITH SUBSCRIPTION TO the next tranche of sovereign gold bonds (SGBs) open from December 18 to December 22, investors should look at investing in these bonds and lock-in for eight years to earn tax-free returns. The issue price is fixed at `6,199 per gram of gold and investors will get a discount of `50 per gram on online purchase through digital payments. The final  tranche for this financial year will be open for subscription from February 12 to February 16.

Friday, December 15th, 2023 –  The Bitcoin ETF Token ($BTCETF) is selling out fast as traders grab the coin at the lowest price before the crypto bull run explodes when a spot Bitcoin ETF is approved by the US SEC.

Investing.com-- Most Asian currencies steadied after a recent rally on Friday, while the dollar languished at four-month lows as traders positioned for deeper-than-expected interest rate cuts by the Federal Reserve in 2024.

Wipro have bounced back strongly, gaining 12% to ₹422 apiece from the November low of ₹377. This resurgence has positioned the stock in close proximity to its 52-week high of ₹443.75 apiece.

Also Read: US Federal Reserve December Meet: See date, timing, and schedule details here An upbeat US jobs report last week dampened expectations the Federal Reserve could cut interest rates as soon as March. The US consumer Price Index (CPI) report. Economists polled by Reuters expect US headline inflation to be flat for November and core inflation to be steady at an annual pace of 4 per cent - well above the Fed's 2 per cent target.

Local democracy in Hong Kong has been under scrutiny since 1997, when Britain returned this erstwhile colony to China on the latter’s pledge of letting freely elected leaders govern it. In this context, a voter turnout of just 27.5% in Hong Kong’s district elections, down from 71% in 2019, signals a backslide.

Investing.com — China’s disinflationary trend worsened in November, data showed over the weekend, with consumer prices falling at their fastest pace in three years, while producer prices remained in contraction for a fourteenth consecutive month.

Apple has been granted a patent for an external flashlight feature on future Apple Watches, potentially revolutionising how users navigate in low-light conditions. While current models include an integrated flashlight that illuminates the display, the upcoming upgrade aims to introduce a dedicated external flashlight on the watch bands, according to GSM Arena. The patent, titled 'Modular Light Assembly For A Wearable Device', reveals a new approach towards enhancing user experience in dark environments. Unlike the existing flashlight, the external module can be connected externally to the smartwatch's housing and band, offering a more practical solution. This design allows users to point the light in any direction, similar to a torch, without the limitations of the current on-screen flashlight's range and brightness.

prices dropped to six-month low after US inventory data. On Tuesday, both benchmarks settled at their lowest since July 6, a fourth straight session of losses.

GasBuddy head of petroleum analysis Patrick De Haan says the national gas price average is falling and could hit the cheapest Thanksgiving prices since 2020 on 'Varney & Co.

Paytm, tanked 20% to the day's low of Rs 650.45 on the NSE in Thursday’s trade after the company informed exchanges that it will issue fewer sub-Rs 50,000 (about $600) personal loans weeks after the central bank tightened rules on consumer lending after a surge in demand. The fintech lender said it will expand its portfolio of higher-ticket personal and commercial loans to lower-risk and high-credit-worthy customers, expecting «good demand» for loans of more than Rs 50,000. This comes after the Reserve Bank of India (RBI) recently raised the amount of capital that banks and non-bank lenders need to set aside to cover potential defaults when giving out personal loans. The RBI tightened its rules, after a surge in such small-ticket loans, particularly of those less than 50,000 rupees, and an increase in delinquencies. Paytm is getting «ultra-conservative» in this segment, a Reuters report said, quoting Bhavesh Gupta, the company's president and chief operating officer, on a call with analysts. «On the back of recent macro development and regulatory guidance, in consultation with our lending partners, we have decided to reduce less than Rs 50,000 loan distribution,» Gupta said. This, he estimated, will lead to a near 40%-50% drop in the volume of loans Paytm issues through its post-paid product, but will have a minimal impact on revenue growth. Paytm's postpaid loans accounted for about 56% of total loans in the July-September quarter, per company data. The sub-50,000-rupee loans, in particular, account for about 38% of Paytm's total loans, estimated Rahul Jain, financial analyst at Dolat Capital. «We expect a negative impact of about 15% quarter-on-quarter on the (total) value of loans distributed by Paytm… but

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According to a reply submitted before the Rajya Sabha, terrorist-initiated incidents were 41 (till Nov 15) as compared to 125 in 2022, 129 in 2021, 126 in 2020 and 153 in 2019, the year when Article 370 was abrogated. The number of encounters by security forces, including J&K Police, Army and CRPF, stood at 44 in 2023, 117 in 2022, 100 in 2021, 118 in 2020 and 102 in 2019.

India’s personal computer market is projected to close 2023 as one of its dullest years, with shipments of 12-13 million units as against 14.8 million each in 2022 and 2021, according to estimates from International Data Corporation (IDC). Shipments of PCs including laptops were lower at 10.3 million units in 2020, when sales were disrupted by the pandemic.

The sectors with the biggest falls in vacancies in October were healthcare and social assistance (236,000); finance and insurance (168,000) and real estate and rental leasing (49,000).