The Reserve Bank of India's rate-setting committee is expected to maintain interest rates at their current level, despite inflation being above the target range, rising crude oil prices, and a weakening rupee. The committee has kept rates unchanged since February 2023. Economists predict that inflation will decrease in the coming months, but caution that the central bank should be watchful of rising oil prices and bond yields.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kyUZ3sX
Fountain, a hiring automation software provider, sees India as a significant hub for its services. The company, which focuses on blue and grey collar workforces, already operates in several countries including the US, UK, France, South Africa, and New Zealand. Fountain's CEO, Sean Behr, highlighted India's potential for investment and expansion due to its large population and the high growth rate in the blue/grey collar market.
India, an emerging market for cocoa consumption, should join the International Cocoa Organization (ICCO) to participate in policy dialogue, according to ICCO Executive Director Michel Arrion. India currently produces only 27,000 tonnes of cocoa annually and imports about 100,000 tonnes of cocoa-based products.
Jet fuel prices in India have been increased for the fourth consecutive month, rising by 5%. This will put additional financial strain on airlines, as jet fuel makes up 40% of their operating costs. Additionally, the price of commercial cooking gas has been raised by Rs 209 per 19-kg cylinder, in line with international benchmarks.