Nomura targets additional $100m cost reductions in wholesale banking division
Nomura Holdings Inc. is aiming for an additional $100 million in cost reductions in its wholesale banking division, as Japan’s largest brokerage seeks to lift its performance. Key Points
mintIndia's September wholesale price index falls 0.26% y/y
India's wholesale price index (INWPI=ECI) in September fell 0.26% from a year earlier, according to government data released on Monday. Key Points
ReutersIndia's wholesale prices in November rise 0.26%; rebounds from negative territory after seven months
India's wholesale inflation increased to 0.26 per cent in November as against a contraction of 0.52 per cent in October, the government data showed on Thursday. Key Points
Economic Timeswholesale prices drop for second month in a row
India’s wholesale prices remained in deflationary zone for the second month in a row in May, with prices falling 3.48%, and all categories reporting a contraction in prices compared to May 2022, when inflation had hit a record high of 16.6%. Key Points
The HinduMaharashtra: Farmers in Ahmednagar stop onion auction at wholesale market to protest imposition of 40 pc d
Farmers in Maharashtra's Ahmednagar district on Sunday halted the auction of onions to protest the Centre's decision to impose 40 per cent duty on export of the kitchen staple. Onion growers in Rahuri tehsil of Ahmednagar district halted the ongoing auction of the bulb in the wholesale market. Key Points
Economic TimesIndia's wholesale inflation eases to 0.2% in February
New Delhi [India], March 14 (ANI): wholesale inflation in India, based on the wholesale Price Index, remained in positive territory for the fourth month after remaining in the negative zone for the seventh straight month until October. The annual rate of inflation based on all India wholesale Price Index (WPI) numbers is 0.20 per cent […] Key Points
ThePrintRising concerns over delayed arrival of kharif crop push wholesale onion prices up in Maha
Wholesale onion prices in Maharashtra's Nashik district have risen by around 30% in a week due to concerns over the delay in the arrival of the kharif crop. Other states, where the government is selling onions in wholesale markets, have seen a lower increase in prices compared to Nashik. The delay in the arrival of the kharif crop is expected to increase onion prices further. The quality of stored onions from last season's rabi crop was not good, adding to the concerns. Maharashtra is the top onion producing state in the country. Key Points
Economic TimesShopify invests in wholesale platform Faire
E-commerce giant Shopify (SHOP.TO) is investing in wholesale platform Faire, the companies said on Wednesday, in a global deal that would see the start-up adopt Shopify technology for its clients. Key Points
ReutersMaruti to hike prices in January across models; sedan inventory continues to be high: Shashank Srivastava
“I would expect December 1 stock levels to be the same as November 1. November 1 was a little more confident because we had 15 days of auspicious period. So it really requires that the inventory levels should come down from here and that means that the wholesale numbers for December should be low in the industry.” Key Points
Economic TimesSwiss National Bank to pilot wholesale digital currency with UBS, other banks
The Swiss National Bank said on Thursday it will start a pilot project next month using central bank digital currency (CBDC) for financial institutions, with UBS (UBSG.S) and Zuercher Kantonal Bank among those signed up to take part. Key Points
Reuters
Tomato prices drop but soaring veggies sour food budget
Tomato wholesale prices have fallen in Delhi after the government ordered fresh supplies from Andhra Pradesh, Karnataka and Maharashtra, but the price of other vegetables has risen because of disrupted supply. Most other vegetables, such as capsicum and bitter gourd, are now more expensive. Key Points
Economic TimesInflation data, earnings, global trends to guide market movement this week: Analysts
Investors would also focus on the movement of crude oil prices and the trend in the rupee against the US dollar.Wholesale Price Index (WPI) inflation data for March would be released on Monday. Key Points
Financialexpresswholesale VoIP Providers: My Country Mobile, The Undisputed Carrier Advancing Connectivity Worldwide
My Country Mobile offers advanced and affordable communication solutions for businesses worldwide. They are the leading wholesale VoIP providers. Key Points
Hindustan Timeswholesale price index returns to inflation after seven months
The wholesale price index registered a 0.26% increase in November, compared with 0.5% deflation in October, according to data released Thursday. Experts indicate that while wholesale inflation will likely remain positive, it will stay below 2% for the remainder of the year as energy and manufacturing costs remain contained. Key Points
Economic Timeswholesale inflation sees trend reversal, hits an 8-month high in November
This marks a significant increase from -0.52 percent in October 2023 and 6.12 per cent in November 2022, making it the highest wholesale inflation print in eight months. Key Points
India Today
Poshn launches new platform in food and agriculture segment
Poshn, an agri-trading platform, has launched Poshn Nucleus, a technology platform to match a buyers procurement demands with the most likely fulfilment partner. The company aims to onboard more than 300,000 wholesale small and medium-sized enterprises sellers on the platform within the next year. The proprietary technology uses machine learning, data, and analytics to distribute commodities and will enable reverse auctioning, order and payment processing, logistics optimisation and traceability across the value chain. Key Points
Economic TimesIndia's wholesale Inflation Eases To 29-Month Low In March
Inflation, as measured by the wholesale Price Index, stood at 1.34% in March 2023, compared to 3.85% in February. Key Points
BQ PrimeAll India wholesale Price Index records 1.36 pc decline in July
New Delhi [India], August 14 (ANI): The All India wholesale Price Index (WPI) for the month of July 2023 has shown a decrease of (-) 1.36 per cent compared to the same month in the previous year, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT). This decline in […] Key Points
ThePrintMay WPI deflation hits near-8-year low of 3.5%
Data released on Monday showed retail inflation dipping to a 25-month low of 4.25% in May, inching closer to the Reserve Bank of India's target rate of 4%. Key Points
Economic TimesOnion prices on the boil as arrivals slow, demand picks up
The average wholesale price of onions at the Lasalgaon mandi in Nashik on Monday was Rs 26 a kg, compared with Rs 17 on May 25. The price of best-quality onions, whose share in the total traded volume is small, has crossed Rs 30 a kg at many wholesale markets in the state. Key Points
Economic Times
wholesale inflation eases to a four-month low of 0.2% in February
Wholesale inflation dropped to 0.2% in February, marking a four-month low from the previous month's 0.27%, as per recent data. Despite a rise in food prices, overall input cost pressures remained low. Key Points
Economic TimesPaddy, pulses push wholesale inflation to 9-month high in Dec
The wholesale price index (WPI)-based inflation rose to a nine-month high of 0.73% in December 2023, mainly due to a sharp rise in food... Key Points
The Tribune IndiaGoldman leads new funding for Fnality blockchain payments firm
Fnality, a blockchain-based wholesale payments firm, said on Tuesday it has raised 77.7 million pounds ($95.09 million) in a second round of funding backed by Goldman Sachs and other blue chip financial firms as it awaits Bank of England approval to start operations. Key Points
ReutersExperts see WPI inflation rising in second half this fiscal
Experts predict that the wholesale Price Index (WPI) in India will rise in the second half of the fiscal year, and a prolonged deflationary trend could negatively impact growth. wholesale inflation has remained in the negative territory for the sixth consecutive month in September, primarily due to falling prices of food items. The contraction in WPI is attributed to decelerating food prices and declining fuel and manufactured product prices. While a slight increase in WPI is expected, overall WPI inflation is anticipated to remain low. Key Points
Economic TimesAfter tomato, onion prices up 60% in a week
After tomatoes, the price onion is on a steep rise, going up by nearly 60 per cent in a week. From Rs 25-30 per kg last week, onions now are being sold at Rs 40-45 per kg in major cities. In the big retail outlets, the price has already reached Rs 50 per kg. In Delhi, vegetable vendors are selling o Key Points
The Tribune India
Tomato prices reach Rs 200/kg in Tamil Nadu
The scarcity of tomatoes at the Koyambedu wholesale market in Chennai is the primary factor responsible for the steep surge in prices, said P.V. Ahmad, a wholesale vegetable dealer at the Koyambedu market. Key Points
Economic TimesVegetable vendor in tears over soaring tomato prices, Rahul Gandhi shares video
A vegetable vendor couldn't hold back his tears upon learning about the exorbitant price of tomatoes at the Azadpur wholesale market in Delhi. A video of the same has gone viral on social media with Rahul Gandhi, too, sharing the clip. Key Points
India TodayL&T Finance Q1: Surpasses targets with record Q1 profits and rapid retail expansion
L&T Finance Holdings reported a 103% growth in Q1FY24 profit, reaching Rs. 531 crore. The company achieved its Lakshya 2026 goal and saw strong retail disbursements. The PLANET app has surpassed 44 lakh downloads. The wholesale book has been reduced by 65% YoY. Key Points
mintwholesale inflation dipped to 1.34% in March
On a month-on-month basis, the WPI was unchanged from February levels, with a sequential uptick in primary articles (1.2%) and food inflation (0.47%) offset by a 1.3% dip in fuel and power and a 0.3% decline in manufactured products prices. Key Points
The Hindu