FRANKFURT: Inflation that has plagued Europeans declined sharply in September to the lowest level in two years, strengthening hopes that consumers will get relief from costlier groceries, vacations and haircuts — and that the European Central Bank (ECB) won’t have to further restrict economy by raising interest rates from already-record highs.The annual rate was 4.3% ...
US near-term inflation expectations fell to the lowest level since early 2021 in September while sentiment eased. Consumers expect prices will climb at an annual rate of 3.2% over the next year, down from 3.5% in August, according to the final September reading from the University of Michigan. They see costs rising 2.8% over the ...
NEW DELHI: Known for the famous James Bond flicks, Aston Martin – the British sports carmaker – wants to get a bigger share in the Indian luxury car market.The company, which sold around 6,400 cars last year with a handful in India, wants to grow its presence in the country when it comes to retail ...
NEW DELHI: Air India has become the first scheduled desi airline to have acquired an aircraft – a widebody Airbus A350 – from an entity registered in Gujarat International Finance Tec-City (GIFT City). This A350-900 is the first widebody aircraft to have been leased through India’s first International Financial Services Centre (IFSC) via a finance ...
NEW DELHI: As government focuses on monetisation of completed highway projects, now most new construction of national highways (NHs) will be undertaken on Public Private Partnership (PPP) mode, instead of fully government-funded works projects or EPC.In a major policy shift, National Highways Authority of India (NHAI) will bid out nearly 85% of the highway projects ...
MUMBAI: Multi Commodity Exchange (MCX) stock gyrated in the last two trading sessions as the bourse’s shift to a new software provider faced another delay.On Thursday, MCX told the bourses that it will go live with a new software provider on October 1 after going back and forth for about two years. In an extremely ...
NEW DELHI: The Jalan Kalrock Consortium (JKC) on Friday said it has “completed an additional infusion of Rs 100 crore, reaffirming its commitment to a successful resurgence of Jet Airways.” With this infusion, JKC says it has “now fulfilled its total financial commitment of Rs 350 crore equity as per the court-approved resolution plan, and ...
NEW DELHI: The government on Friday hiked special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne with effect from September 30.In the last fortnightly review on September 15, windfall tax on domestically produced crude oil was set at Rs 10,000 per tonne.Besides, the SAED or duty on export of diesel will ...
NEW DELHI: The Indian government is expected to monetize close to two trillion rupees ($24.1 billion) worth of highways over the next few years, a rating agency has said.With 4,000 kilometers to 4,500 kilometers (2,796.2 miles) of new roads likely to be commissioned annually by the National Highways Authority of India over the next three ...
WASHINGTON: US consumer spending increased in August, but underlying inflation moderated, with the year-on-year rise in prices excluding food and energy slowing to below 4.0%. Consumer spending, which accounts for more than two-thirds of US economic activity, gained 0.4% last month, the Commerce Department reported on Friday. Data for July was revised higher to show ...
