Business

PPI captures the prices relevant for the production process without being complicated by inclusion of indirect taxes net of subsidies or wholesalers’ margins. (AI image) By DK Srivastava, Chief Policy Advisor, EY IndiaConventionally, in India, two major price indices namely Wholesale Price Index (WPI) and Consumer Price Index (CPI) have been prepared periodically. The WPI … Read more

Goldman Sachs and EY on Friday said that the easing of West Asia crisis and lower energy prices will be positive for the Indian economy, supporting growth, easing inflationary pressure and helping rein in fertiliser subsidy, which was seen to be double the budgeted level. “…with the recent downward revision in the oil price forecast… … Read more

Make use of FTAs, other schemes to boost shipments, government tells businesses NEW DELHI: Govt has asked businesses to make use of the free trade agreements (FTAs) and schemes beyond interest subsidy, which are part of the Export Promotion Mission to boost shipments from the country. Commerce and industry minister Piyush Goyal had met export … Read more

Humble Re 1 retains coining glory despite rise of digital payments NEW DELHI: It will buy you a candy but not much else. The last time you probably searched for it may have been to settle a toss in a cricket match. Yet, despite a steady drop in its value, Re 1 remains the most … Read more

India’s economy is expected to grow 6.6-6.8% in FY27, with easing global energy prices and the normalisation of shipments through the Strait of Hormuz likely to improve growth and inflation prospects India’s economy is expected to grow 6.6-6.8% in the current financial year, with easing global energy prices and the normalisation of shipments through the … Read more

US President Donald Trump on Friday warned that any country imposing a Digital Services Tax (DST) would face 100% tariffs on exports to the United States warning that such duties would override existing trade agreements. Escalating his trade offensive against digital taxes targeting American companies, US President Donald Trump on Friday warned that any country … Read more

An Uber spokesperson said Prabhjeet Singh is leaving the company to pursue another leadership opportunity. Uber India and South Asia President Prabhjeet Singh has stepped down after more than a decade with the ride-hailing company, the company confirmed on Thursday, PTI reported.An Uber spokesperson said Singh is leaving the company to pursue another leadership opportunity.“We … Read more

Among the biggest drags was Micron Technology, whose shares fell 5.5%. The memory-chip maker has been one of Wall Street’s biggest winners this year, with its stock roughly quadrupling as AI-driven demand boosted sales. Wall Street slipped on Friday as another sharp selloff in artificial intelligence (AI)-linked stocks outweighed gains across much of the broader … Read more

Piyush Goyal on Friday urged Indian and British businesses to look beyond incremental gains from the India-UK Free Trade Agreement (FTA), saying the pact should become a catalyst for “transformational growth” when it comes into force on July 15. Commerce minister Piyush Goyal on Friday urged Indian and British businesses to look beyond incremental gains … Read more

Recent AI models capable of identifying software vulnerabilities have heightened concerns over cyberattacks, operational risks and national security, prompting financial watchdogs to accelerate the adoption of supervisory technology. Financial regulators are racing to adopt artificial intelligence (AI) to keep pace with rapidly evolving cyber threats, with watchdogs increasingly developing their own AI-powered supervisory tools to … Read more