WPI inflation eases to 19-month low of 8.39 pc in Oct

WPI inflation eases to 19-month low of 8.39 pc in Oct

The wholesale price-based inflation declined to a 19-month low of 8.39 per cent in October, on easing prices of fuel and manufactured items. This is the first time in 19 months that WPI inflation print has come in single digit. The last was in March 2021 at 7.89 per cent. Since April 2021, WPI inflation […]

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Jet Airways posts ₹308 crore loss in September quarter

Jet Airways posts ₹308 crore loss in September quarter

The airline, which shuttered operations in April 2019, received the Air Operators Certificate from the DGCA in May this year as the consortium works on reviving the carrier The airline, which shuttered operations in April 2019, received the Air Operators Certificate from the DGCA in May this year as the consortium works on reviving the […]

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Bank of Baroda Q2 profit rises 59 pc to ₹3,313 cr

Bank of Baroda Q2 profit rises 59 pc to ₹3,313 cr

On a consolidated basis, Bank of Baroda group’s net profit increased to ₹3,400 crore as against ₹2,168 crore in the same period a year ago On a consolidated basis, Bank of Baroda group’s net profit increased to ₹3,400 crore as against ₹2,168 crore in the same period a year ago State-owned Bank of Baroda on […]

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GAIL net profit falls 46 pc as Russian gas supply snag hurts petchem business

GAIL net profit falls 46 pc as Russian gas supply snag hurts petchem business

GAIL said there was a disruption in liquefied natural gas (LNG) supplies by a former unit of Russia’s Gazprom GAIL said there was a disruption in liquefied natural gas (LNG) supplies by a former unit of Russia’s Gazprom State-owned gas utility GAIL (India) Ltd on Thursday reported a 46 per cent drop in its September […]

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India’s services sector sees upturn in October on improved demand

India’s services sector sees upturn in October on improved demand

India’s services sector activities witnessed an upturn in October on the back of stronger gains in new business and increased hiring amid strengthening demand, a monthly survey said on Thursday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from September’s six-month low of 54.3 to 55.1 in October, pointing to a […]

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Lara Dutta and Dia Mirza on representing eco-kidswear labels

Lara Dutta and Dia Mirza on representing eco-kidswear labels

The new faces of eco-kidswear, actors Dia Mirza and Lara Dutta on encouraging sustainable consumerism and why hand-me-downs should be the norm The new faces of eco-kidswear, actors Dia Mirza and Lara Dutta on encouraging sustainable consumerism and why hand-me-downs should be the norm Dia Mirza “My ideas about sustainability formed well before I became […]

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Sensex, Nifty rebound around 1% amid global recovery in equities

Sensex, Nifty rebound around 1% amid global recovery in equities

Tech Mahindra, Axis Bank, ICICI Bank, M&M, Bharti Airtel, SBI, UltraTech Cement, IndusInd Bank, and Asian Paints emerged as the biggest gainers. Tech Mahindra, Axis Bank, ICICI Bank, M&M, Bharti Airtel, SBI, UltraTech Cement, IndusInd Bank, and Asian Paints emerged as the biggest gainers. Benchmark stock indices rebounded around 1% on Thursday following value buying […]

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Foreign portfolio investment inflows hit 20-month high of ₹51,200 crore in August

Foreign portfolio investment inflows hit 20-month high of ₹51,200 crore in August

India will continue to attract FPI flows this month too, although at a slower pace as compared to August, given continued rate hikes by the U.S. Federal Reserve along India will continue to attract FPI flows this month too, although at a slower pace as compared to August, given continued rate hikes by the U.S. […]

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Prince William charity invests in bank tied to fossil fuels

Prince William charity invests in bank tied to fossil fuels

The Royal Foundation places more than £1.1 million with JPMorgan Chase, and more than half of its investments in a fund that owns shares in large food companies that buy palm oil from companies linked to deforestation The Royal Foundation places more than £1.1 million with JPMorgan Chase, and more than half of its investments […]

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The logic of competition

The logic of competition

“Rent seeking and the decline of the Florentine school,” Ennio E. Piano and Tanner Hardy, April 2022, Public Choice, 192, 59–78 (2022). https://doi.org/10.1007/s11127-022-00971-9 For a long time, economists have written and talked about the benefits that accrue to consumers as a result of free competition among businesses. When any business can easily enter an industry […]

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