Yesterday's big news was related to retail and wholesale inflation. Due to bad weather and costlier vegetables, retail inflation has increased to 5.49% in the month of September. In August it was at 3.65%. This is at the highest level in 9 months.
At the same time, wholesale inflation has increased to 1.84% in the month of September. Earlier in August, wholesale inflation had come down to 1.31%. In July it was at 2.04%.
Before tomorrow's big news, today's major events to keep an eye on…
- There may be a rise in the stock market today.
- Hyundai Motor India's IPO will open.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow's big news…
1. Retail inflation increased to 5.49% in September: This is the highest in 9 months; Inflation rate of vegetables increased from 11% to 36%
Due to bad weather and costlier vegetables, retail inflation has increased to 5.49% in the month of September. In August it was at 3.65%. This is at the highest level in 9 months.
At the same time, food inflation rate has increased from 5.66% to 9.24%. Urban inflation has also increased from 3.14% to 5.05% on month-on-month basis. Rural inflation has increased from 4.16% to 5.87%.
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2. Wholesale inflation increased to 1.84% in September: Vegetables and food items became expensive, it was 1.31% in August.
Wholesale inflation has increased to 1.84% in the month of September. Earlier in August, wholesale inflation had come down to 1.31%. In July it was at 2.04%. Inflation has increased due to increase in prices of vegetables and food items.
Inflation rate of daily essential goods increased from 2.42% to 6.69%. Inflation of food items increased from 3.26% to 9.47%. The wholesale inflation rate of fuel and power declined from -0.67% to 4.05%. Wholesale inflation rate of manufacturing products decreased from 1.22% to 1%.
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3. Gold closed beyond ₹ 76,000 for the first time: Silver increased by ₹ 63 to ₹ 90,026 per kg, gold can go up to ₹ 78 thousand by the end of the year.
Gold reached its all-time high on October 14. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold increased by Rs 509 to Rs 76,132. However, at the close of trading, the price of gold closed at Rs 76,001 with a gain of Rs 378. A day before this, its price was Rs 75,623 per ten grams.
At the same time, the price of silver also increased today. It increased by Rs 537 to Rs 90,500 per kg. However, at the close of trading it rose by Rs 63 to Rs 90,026. A day before this, silver was at Rs 89,963. This year, silver has reached its all-time high of Rs 94,280 per kg on May 29.
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4. Reliance's profit of ₹ 16,563 crore in July-September quarter: 4.77% less on annual basis; Jio's net profit increased by 14% to ₹ 6,231 crore.
Reliance Industries has released the results for the second quarter of the financial year 2024-25. In this the company has made a profit of Rs 16,563 crore. There has been a decline of 4.77% on annual basis. In the same quarter a year ago, the company's consolidated net profit was Rs 17,394 crore.
At the same time, the company's income in the July-September quarter was Rs 2,35,481 crore. In the same quarter a year ago, the company had generated a revenue of Rs 2,34,956 crore. There has been a slight increase of 0.22% on annual basis.
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5. Reliance can buy stake in Dharma Productions: Karan Johar has 90.7% stake in it and his mother has 9.24% stake.
Mukesh Ambani's Reliance Industries (RIL) is in talks to buy stake in Bollywood film director Karan Johar's Dharma Productions. The Economic Times (ET) has given this information in one of its reports quoting people familiar with the matter.
This deal will strengthen the position of the company involved in business ranging from oil to telecommunication in the Indian content production industry. No information has been revealed about how much stake RIL can buy in Dharma Productions through this deal.
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6. Over-dependence on AI is a threat to financial stability: RBI Governor said – Banks should take advantage of AI, do not let them take advantage.
Reserve Bank of India (RBI) Governor Shaktikanta Das has expressed concern over the increasing risks of Artificial Intelligence (AI). He has said that excessive dependence on AI can increase financial vulnerabilities.
Speaking at an event on the topic 'Central Banking at Crossroads' organized on the 90th anniversary of RBI in New Delhi on Monday, Das also expressed concern over the increasing debt across the world.
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Also see who were the top 10 richest people in the world yesterday…
Know the condition of tomorrow's stock market and gold and silver…
Know the latest price of petrol, diesel and gas cylinder…
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