Pallavi Nahata

5 days ago | ndtvprofit.com | Pallavi Nahata

Rising tensions between India and Pakistan and continuous action at the borders have resulted in events and bookings getting cancelled across the country. "Dear Ibtida Patrons, In light of recent events, we're pausing to stand in solidarity with those affected. Electronic musical - Surrender has been rescheduled to July 2025... We are holding space for the families affected, standing in solidarity with our nation and praying for peace to prevail.

6 days ago | ndtvprofit.com | Pallavi Nahata

India's retail inflation is likely to continue to dip further in April after easing to the lowest in a little less than six years in March. The Consumer Price Index-based inflation is projected to rise by 3.20% in April, according to a median forecast of economists polled by Bloomberg. This is after it came in at 3.34% in March—the lowest since August 2019, and below the central bank's target of 4%.

6 days ago | ndtvprofit.com | Pallavi Nahata

India-Pakistan tensions appear to be driving up prices of Basmati rice. Prices of Basmati rice in India have surged by about 18% over the past two months, rising from Rs 55 to Rs 65 per kilogram. Of this, about 10-12% of the rise has just been in the past few days, said Akhilesh Jain, director at agfintech company Agrotech Risk Pvt. The recent surge has more to do with market sentiment amid the ongoing war-like scenario, according to agri economist Siraj Hussain.

1 week ago | ndtvprofit.com | Pallavi Nahata

The rupee opened marginally weaker at 84.63 against the dollar after closing at 84.43 on Tuesday. Ritesh Bhansali, FX trader and deputy CEO at Mecklai Financial, said that going forward, an over reaction on the rupee is unlikely. India's actions were in line with expectations, Bhansali said, adding that is why markets are relieved. That said, we still can’t say that the rupee won’t breach 85 against the dollar if there is an escalation through some military intervention, Bhansali said.

1 week ago | ndtvprofit.com | Pallavi Nahata

The seasonally adjusted HSBC India Services PMI Business Activity Index reached 58.7 in April, up from 58.5 in March, indicating a sharp and stronger expansion in service sector output. The headline figure was above its long-run average of 54.2.The overall expansion in output was fuelled by a significant rise in new business intakes, the joint best in eight months, with many firms noting favourable demand conditions and successful marketing efforts.