WHOLESALE

  • India's wholesale prices fall 2.33 per cent in March 4 days ago

    New Delhi: Deflation persisted for the fifth consecutive month as wholesale price index based inflation fell to a record low of (-) 2.33 per cent in March on account of cheaper food and fuel products as well as manufactured items. Inflation measured on wholesale price index (WPI) was at (-) 2.06...
  • Google wants to make international roaming free April 6, 2015

    New Delhi: Google is reportedly in talks with Hutchinson Whampoa, owner of the mobile operator Three in the UK, to make international roaming for Americans free of additional costs. In a bid to create a global network that will cost the same to use for calls, texts, and data, irrespective of...
  • Wholesale prices fall 2.06 per cent in February March 16, 2015

    New Delhi: India's wholesale prices declined at a much faster-than-expected pace of 2.06 per cent on year in February, their fourth straight monthly fall, on the back of plunging global oil prices, government data showed on Monday. The data compared with a 0.70 per cent year-on-year fall forecast by economists in...
  • KFC faces pressure after McDonald's says no antibiotics in chicken March 12, 2015

    Los Angeles/Chicago: KFC, the world's largest chain of fried chicken restaurants, may face pressure from consumer and environmental groups to change how its poultry are raised after McDonald's Corp said it would switch to chicken raised without human antibiotics. McDonald's will phase out chicken raised with antibiotics that are important to...
  • Uinon Budget 2015: Fiscal stimulus averaging 1 per cent of GDP will be good, says Edelweiss February 25, 2015

    It's just a few days left for the Union Budget and expectations are running high. Nirav Sheth, head of sales & strategy - Wholesale Capital Markets - Edelweiss Financial Services, feels the market would be looking at the whole package and not just one or two key announcements. According to...
  • India's wholesale prices fall 0.39 per cent in January February 16, 2015

    Mumbai: India's wholesale prices declined an annual 0.39 per cent in January, their second fall in three months, on the back of a sharp correction in oil prices, government data showed on Monday. The data compared with a 0.4 per cent year-on-year gain forecast by economists in a Reuters poll...
  • December WPI At 0.11%, food inflation at 5.2% Vs 0.63% in November January 14, 2015

    New Delhi: India's wholesale price inflation inched up to 0.11 per cent in December, snapping a six-month easing trend as food costs jumped up year-on-year, government data showed on Wednesday. Wholesale prices unexpectedly didn't advance in November. The reading for October wholesale price inflation was revised to 1.66 per cent from 1.77...
  • Wholesale price inflation hits a zero, lowest in over five years December 15, 2014

    New Delhi: Wholesale price inflation hit a zero level in November, the lowest in about five and half years, on account of decline in prices of food, fuel and manufactured items. The Wholesale Price Index (WPI) based inflation was at 1.77 per cent in October and 7.52 per cent in November...
  • Inflation drops to 5-year low of 2.38 per cent in September October 14, 2014

    New Delhi: Continuing decline in food prices, including vegetables, pulled down the September wholesale price inflation to a five year low of 2.38 per cent. The Wholesale Price Index (WPI) based inflation was at 3.74 per cent in August and 7.05 per cent in September 2013. ...
  • Walmart to extend online wholesale platform reach from October 1 September 20, 2014

    New Delhi: Walmart India on Saturday said it will extend online wholesale platform to its members in Guntur and Vijayawada in Andhra Pradesh from October 1. The USretail giant at present operates B2B ecommerce platform in two citiesHyderabad and Lucknow in the country. "Starting October 1, members of Best Price wholesale stores...
  • August WPI inflation dips to 3.74 pc, lowest in 5 years September 15, 2014

    New Delhi: Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 per cent in August to a nearly fiveyear low. The inflation measured on Wholesale Price Index (WPI) was at 5.19 per cent in July and 6.99 per cent in...
  • Onion prices crashes in Karnataka, farmers gets just Rs 510 per kg September 13, 2014

    Bangalore: The price of onion has hit the bottom in Karnataka, the second largest onion growing state in India. The wholesale purchasing rate of the best onion (price the growers get) has gone down to Rs 15 per kg and other midlevel onions are being purchased from the farmers for...
  • Inflation at 5 month low of 5.19 per cent in July August 14, 2014

    New Delhi: Inflation dipped to a five month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items. It was at 5.43 per cent last month and 5.84 per cent in July 2013. Inflation in the overall food articles...
  • Growth forecast for next fiscal between 5.4 to 5.9 per cent July 9, 2014

    Indian economy is likely to grow in the range of 5.4 to 5.9 per cent in 201415 overcoming the sub5 per cent growth of Gross Domestic Product (GDP) witnessed over the last two years. The growth slowdown in the last two years was broad based, affecting in particular the industry...
  • Jaitley presents Economic Survey, GDP growth below 6 pc, inflation down July 9, 2014

    New Delhi: India's grim economic situation was reflected in the Economic Survey 201314, presented in the Lok Sabha on Wednesday by the Union Finance Minister Arun Jaitley. While the Economic Survey noted that fiscal deficit for 201314 has been contained at 4.5 per cent of the Gross Domestic Product (GDP)...
  • Onion prices to shoot up due to strike in wholesale markets June 17, 2014

    New Delhi: After inflation hit a fivemonth high at 6.01 per cent, the onion prices are threatening to shoot up in view of a strike in major wholesale markets including Lasalgaon. The Agriculture Ministry has stepped in to control the situation. Agriculture Ministry sources told CNNIBN that officials have been...
  • April WPI inflation at twomonth low of 5.2 per cent May 15, 2014

    India's wholesale pricesbased inflation in April slowed to a twomonth low of 5.2 per cent, helped by a moderation in food and fuel costs, government data showed on Thursday. The rise in the wholesale price index (WPI) compared with a 5.73 per cent yearonyear jump forecast by economists in a Reuters...
  • March WPI inflation hits three-month high of 5.70 per cent April 15, 2014

    New Delhi: India's wholesale prices-based inflation accelerated to a three-month high of 5.70 per cent in March, driven up by increases in food and fuel costs, government data showed on Tuesday. The rise in the wholesale price index (WPI)compared with a 5.30 per cent jump forecast by economists in a Reuters...
  • Fire tenders run out of water while dousing major fire at wholesale market; 1 dead March 18, 2014

    A labourer was on Monday charred to death while two others sustained serious burns in a blaze at a local wholesale agricultural market, police said. According to police, items worth an estimated Rs 2 crore were also destroyed in the fire which claimed the life of Janardan, a labourer hailing from...
  • December 2013 WPI inflation down to 6.16 pc vs 7.52 pc in November January 15, 2014

    India's headline inflation eased to a fivemonth low of 6.16 percent in December from a 14month high, helped by a softening in vegetable prices, government data showed on Wednesday. The wholesale price index's annual rise compared with a 7.0 percent jump forecast by economists in a Reuters poll. In November, wholesale...
  • Nashik: Wholesale onion price crashes to Rs 7 per kg, farmers protest December 19, 2013

    Mumbai: The wholesale price of onion has fallen to as low as Rs 700 per quintal in the Nashik market of Maharashtra. Even though retail price is still higher, the sudden price crash has angered and shocked the farmers. They are now getting a mere Rs 7 per kilo of...
  • Governance deficit pushing onion prices upwards, says Tariq Anwar November 8, 2013

    Onion prices have soared mainly due to 'governance deficit' and issues related to licensing of wholesalers, Minister of State for Agriculture Tariq Anwar said. "The recent rise in prices of onion are clear case of governance deficit. If farmers get paid Rs 10 per kg, while the consumers pay anywhere between...
  • Wholesale, retail inflation up in September; rate cut hope fades October 14, 2013

    Indicating worsening of the price situation, inflation wholesale as well as retail went up in September because of costlier food items, especially onion and vegetables, dimming the prospects of rate cut by RBI later this month to boost the sagging economy. While the Wholesale Price Index (WPI) based inflation...
  • Onion wholesale prices down Rs 5 per kg; retail rates continue to touch sky September 24, 2013

    New Delhi: Wholesale prices of onion on Tuesday declined by Rs 5 at Rs 4045 per kg, although retail rates continued to rule at the uncomfortable level of Rs 6070 a kilo. Arrival of new crop of the kitchen staple from Karnataka and increase in imports led to the fall in...
  • RBI Governor Raghuram Rajan may raise policy rates yet again September 23, 2013

    Reserve Bank of India Governor Raghuram Rajan may raise policy rates again after shocking markets by increasing them in only his first meeting, signalling he is willing to risk prolonging what is already the lowest economic growth in years in order to quash persistent inflation. Raising the repo rate by 25...
  • Onion prices: Traders, farmers make profits at the cost of the consumer September 23, 2013

    Nashik: While suppliers blamed a shortfall in production for rising onion prices, a CNNIBN investigation has now exposed the reason behind the unprecedented crisis. While traders made huge profits by hoarding onions, farmers too added to consumer woes by holding back the produce. Th onion was never so elusive. It...
  • Inflation impact: How much Rs 100 from 1939 will be worth now August 29, 2013

    Most of us would have heard from the generations past what all they could buy for a only a rupee during their time. But with a list of inflation-altered products we couldn't always gauge their comparative worth in today's time.So we took the Wholesale Price Index based inflation figures for...
  • Inflation-adjusted 3 Idiots beats Sholay, Mughal-e-Azam, Chennai Express as Bollywood's biggest blockbuster ever August 27, 2013

    One of the many ever-raging debates in Bollywood is about which is the biggest blockbuster ever? Recent reports say it is the Shah Rukh Khan starrer Chennai Express, but old-timers insist that they haven't seen anything that mesmerised the nation since K Asif's Mughal-e-Azam. Many like me, for so long...
  • Govt approves Rs 4 crore revolving fund for onion purchase, sale August 21, 2013

    The Rajasthan government has sanctioned a revolving fund of Rs 4 crore to the state cooperative department to buy onion from wholesale market and sell it to buyers at the same price. The process has begun for procuring onion from the wholesale market and selling it to customers in district headquarters...
  • Wholesale onion prices fall by Rs 5/kg in Delhi August 19, 2013

    Wholesale onion prices on Monday fell by Rs 5 per kg in Delhi's Azadpur market to Rs 3540 per kg due to substantial increase in supplies and the declined is expected to cool down the retail rates as well. There has been a decline of Rs 20 per kg in the...