Inflation in India: RBI Governor feels the worse is over but it's still bad & more

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ECONOMY   Inflation in India: RBI Governor feels the worse is over but it's still bad   The MPC, in its August meeting, said that the Consumer Price Index (CPI) based inflation, which RBI factors in while fixing its benchmark rate, stood at 7.01 per cent in June.

MAGAZINE   What the future holds for Akasa air   As India's newest airline prepares for take-off, here's what its future may hold in the country's intensely competitive aviation market.

ECONOMY   Why RBI's 7.2% GDP forecast doesn't add up amid rate hikes, US recession   The GDP recovered to 8.7 percent in 2021-2022, following a sharp decline of 7.3 per cent during the first Covid years of 2020-21.

ECONOMY   Rs 400 cr spent on ayurveda, yoga, other alternative medicine research: Govt   Minister of Ayush (Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homeopathy) Sarbananda Sonowal said in the Lok Sabha that the ministry has established central research institutes functioning under the purview of five research councils.

CORPORATE   Raymond witnesses 104% revenue increase in Q1FY23, highest in 10 years   Moreover, Raymond's branded apparel segment due to the surging consumer demand for the company's brands, integral to wedding season-related purchases, propelled sales to Rs 262 crore in Q1FY23.

TECHNOLOGY   Apple likely to ship iPhone 14 from India simultaneously alongside China   The recent chain of events, including lockdowns in China due to COVID-19 and reducing dependence on just one country (the plus one strategy) that every company is seriously working towards, could have been the reason.

MAGAZINE   How Rakesh Jhunjhunwala guarded his portfolio amid the turmoil   Big bull Rakesh Jhunjhunwala has kept his portfolio largely unchanged during the April-June quarter amid the bloodbath in the market.

CORPORATE   Nykaa receives board approval to acquire Little Black Book   Nykaa said that this acquisition aligns with the company's fundamental content-first approach to engaging with its loyal consumer base. It further added that LBB's focus on fashion, home and beauty categories fits well with Nykaa's areas of strength.

AUTO   Pace of bookings not expected to go down despite longer waiting periods: Mahindra & Mahindra   "Semiconductor crisis is largely abated. Demand is what is driving the higher wait times now," Anish Shah, MD and CEO, M&M, told reporters at its post-results press conference.

CORPORATE   Healthians enters UAE, Bangladesh; plans to operationalise functions by end 2022   Healthians headquartered in Gurgaon, Haryana is a subsidiary of Expedient Healthcare It is in the business of diagnostic and related healthcare tests and operates in the B2C segment.

BT TV   FADA Exclusive On Auto Sales, Spl Report On Sectors Attracting FDIs & More   Another rate hike from the MPC remains on the cards. Auto sales take a big hit in July, slipping 8 per cent YoY. Okinawa's first public comment post the EV fires, a special report on the top five sectors attracting FDI equity inflow. These & many more stories on #BusinessTodayTV.

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