Fallout of rupee breaching 90 mark: Get ready to pay higher for consumer goods; here’s what may become costlier

[ad_1] Manufacturers of smartphones, laptops, televisions and major appliances have indicated plans to hike prices. (AI image) Consumers may soon have to brace for higher prices! The depreciation of the rupee beyond Rs 90 against the US dollar could force various sectors including consumer electronics, beauty products, and automobile manufacturers to increase their prices. This…

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Reliance Retail taps former Flipkart exec as CEO

[ad_1] MUMBAI: Reliance Retail Ventures has appointed former Flipkart executive Jeyandran Venugopal as president & CEO as the company prepares for an IPO.Jeyandran’s mandate is to strengthen the retail portfolio, accelerate omni-channel growth and drive technical and operational excellence. He will work closely with Isha Ambani, executive director at Reliance Retail Ventures and the leadership…

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Silver price today: Silver futures touch new highs; cross Rs 1.85 lakh per kg mark as rupee goes past 90 mark versus dollar

[ad_1] The unprecedented decline in the rupee’s value against the US dollar contributed to the increased precious metal prices. (AI image) Silver price today: Silver prices continued to rally on Wednesday, with the precious metal hitting a new high of Rs 1,84,727 per kilogram. This is an increase of Rs 3,126, whilst gold futures climbed…

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‘Outdated base year’: FM Sitharaman explains IMF’s ‘C’ grade on national accounts; says GDP growth figures not questioned

[ad_1] Finance Minister Nirmala Sitharaman (File photo) Finance Minister Nirmala Sitharaman on Wednesday clarified that the International Monetary Fund (IMF) did not question India’s growth figures, and said the Fund’s ‘C’ grade on national accounts stems solely from the use of an outdated base year. She said the IMF, in fact, acknowledged India’s healthy economic…

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SWAGAT-FI: Sebi unveils single-window gateway for low risk foreign investors; framework aims to cut compliance load

[ad_1] Markets regulator Sebi has introduced a single-window access framework for low-risk foreign investors, aiming to simplify regulatory processes and make India a more attractive investment destination, according to PTI. The new system is designed to streamline compliance, ease multiple registrations and reduce repetitive documentation across investment routes.Called the Single Window Automatic & Generalised Access…

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