Djokovic, Swiatek headline United Cup team event before Australian Open
Poland, led by world No. 2 and four-time Grand Slam champion Swiatek and Hubert Hurkacz, has been named as the top seed for the 2024 edition. | Tennis News Key Points
Hindustan TimesSensex Today | Share Market Live Updates: Sensex, Nifty expect muted start; Gift Nity trading flat
Sensex Today | Share Market Updates: Indian stock indices expected a cautious start as Gift Nifty is trading flat. Wall Street finished flat on Thursday on milder-than-feared inflation data. Asian markets remain mixed in the morning session on Friday Key Points
MintWhere was the headline point in Amit Shah's Kolkata rally? Half a km away
The punchline was missing on Wednesday. Amit Shah checked all the boxes as he attacked the Trinamool Congress, but the power of conviction was elusive. Key Points
ThePrintheadline inflation to exceed 6% in September quarter, says RBI Bulletin
Headline inflation rises above 6% in Q2 FY24, but core inflation moderates, says RBI. Tomato price shock impacts other vegetables. Global recovery sluggish. Key Points
mintUS Fed's favored inflation gauge rises before rate decision
The US Federal Reserve's battle against rising prices continues as the personal consumption expenditures (PCE) price index rose at an annual rate of 2.6 percent last month. headline PCE inflation also increased by 0.2 percent in December. However, core inflation, which excludes food and energy costs, rose by 2.9 percent in the year to December. Despite these upticks, the Federal Reserve is expected to remain on hold at its next interest rate decision announcement. Fed officials have indicated it is too soon to start lowering rates. Key Points
Economic Times
RBI rate cut possible only after July 2024: Icra
India's domestic ratings agency Icra predicted that Reserve Bank of India will only cut interest rates in Q3 of 2022. Icra said the cuts will be around 0.50%-0.75%. The agency said a rate hike is only possible if headline inflation stays above 6% for two consecutive quarters. Key Points
Economic TimesRupee gains on dollar's dip, but nears resistance zone
The Indian rupee rose on Wednesday as the dollar slipped ahead of the U.S. inflation data, with the local currency nearing a zone, that traders said, it may find difficult to overcome. Key Points
ReutersSoaring tomato prices may sour RBI's inflation forecast
Rising tomato prices in India could threaten the Reserve Bank's headline inflation forecast, according to research by its Development Research Group. The study recommended better supply-chain management to ensure price stability. While tomato, onion and potato comprise only a small portion of the Consumer Price Index basket, they are responsible for a significant portion of headline inflation, the study found. Key Points
Economic TimesBond yields flattish ahead of April US inflation data
Economists expect U.S. headline CPI to hold steady at an annual 5% and core CPI to moderate very slightly to 5.5%. The numbers, due at 1230 GMT, will show whether price pressures continue to ease or remain at levels that could prompt the U.S. Federal Reserve to hike interest rates further. Key Points
Financialexpress