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From Roulette To eSports – Mobile Gaming Trends To Watch For In 2020

From Roulette To eSports – Mobile Gaming Trends To Watch For In 2020

As 2019 draws to a close, mobile now accounts for just under 50 percent of the entire gaming market. It’s already far larger than console gaming (28 percent) and PC gaming (25 percent) and it seems certain that given another year, it will be bigger than both of them put together. It’s growing at a […]

January 26th, 2020 | Posted in Business, News, Sports | Read More »

NHL, NFL, SOCCER: Top Bet-Worthy Annual Sports Tournaments

NHL, NFL, SOCCER: Top Bet-Worthy Annual Sports Tournaments

Sports betting has seen constant development over the decades. From being a small-time activity between a few people, it is now a highly entertaining form of earning money. Add to that the mobility factor that allows people to bet from the comfort of their homes, and it is now possible for a first-timer to make […]

January 20th, 2020 | Posted in Business, News, Sports | Read More »

Walmart Prepares To Halt Expansion In India, Fires A Third Of Its Executives: Report

Walmart Prepares To Halt Expansion In India, Fires A Third Of Its Executives: Report

The brick-and-mortar exit comes after a decade of struggle in India, whose government has repeatedly stymied global consumer brands in order to protect local store-owners. NEW DELHI – Walmart Inc. is preparing to wind up its physical presence in India and has fired a third of its top executives there, said a local media report. […]

January 18th, 2020 | Posted in Business | Read More »

Vegetable Prices Up 60 Percent As India’s Retail Inflation Hits 5-Year High Retail food prices, which make up nearly half of the India’s inflation basket, increased 14.12% in December from a year earlier, against 10.01% in November. NEW DELHI – India’s annual retail inflation has accelerated to its highest level in more than five years, mainly driven by food prices that rose by 14.12 per cent, official data showed. As per the data released by National Statistical Office (NSO) on Monday, the spike in inflation in the vegetable segment was 60.5 per cent during the month compared to December 2018. Retail food prices, which make up nearly half of the India’s inflation basket, increased 14.12% in December from a year earlier, against 10.01% in November. Some vegetable prices, including prices of onions that are a staple in Indian cooking, have increased more than four-fold since June. Economists say that rising headline and food inflation would soon feed into core inflation – stripping out food and fuel prices – which has remained much lower, according to news agency Reuters. Core inflation – the non-food non-fuel component of CPI basket – has also increased marginally after declining for four consecutive months, even as the headline numbers were rising. Furthermore, meat and fish prices rose 9.57 per cent, eggs became dearer by 8.79 per cent and the overall price of food and beverages category was up 12.16 per cent. The retail inflation surpassed the Reserve Bank of India’s (RBI) comfort level of 4% with a margin of 2 percentage points on the either side. It was contained within the RBI’s comfort level until previous month (5.54% in November 2019). The retail inflation in December 2018 was 2.11%. Blaming vegetable, meat and fish prices for the high food inflation, CARE Ratings Ltd chief economist Madan Sabnavis said that inflation should come down in January with the new onion crop in and prices moving down. However, low base effect will impact inflation for one more month, he added. Last month, RBI in its monetary policy review statement had predicted the CPI-based inflation to rise in the coming quarters. “Going forward, the inflation outlook is likely to be influenced by several factors. First, the upsurge in prices of vegetables is likely to continue in the immediate months; however, a pick-up in arrivals from the late kharif season along with measures taken by the government to augment supply through imports should help soften vegetables prices by early February 2020,” the Fifth Bi-monthly Monetary Policy Statement, 2019-20 said. “Second, incipient price pressures seen in other food items such as milk, pulses, and sugar are likely to be sustained, with implications for the trajectory of food inflation. Third, both the 3-month and 1-year ahead inflation expectations of households polled by the Reserve Bank have risen and these latent sentiment upsides are being reflected in other surveys as well.” The data also indicated that retail inflation has breached the medium-term target of the RBI to contain CPI inflation within 4 per cent with a band of +/- 2 per cent.

Vegetable Prices Up 60 Percent As India’s Retail Inflation Hits 5-Year High Retail food prices, which make up nearly half of the India’s inflation basket, increased 14.12% in December from a year earlier, against 10.01% in November. NEW DELHI – India’s annual retail inflation has accelerated to its highest level in more than five years, mainly driven by food prices that rose by 14.12 per cent, official data showed. As per the data released by National Statistical Office (NSO) on Monday, the spike in inflation in the vegetable segment was 60.5 per cent during the month compared to December 2018.  Retail food prices, which make up nearly half of the India’s inflation basket, increased 14.12% in December from a year earlier, against 10.01% in November. Some vegetable prices, including prices of onions that are a staple in Indian cooking, have increased more than four-fold since June.  Economists say that rising headline and food inflation would soon feed into core inflation – stripping out food and fuel prices – which has remained much lower, according to news agency Reuters.  Core inflation – the non-food non-fuel component of CPI basket – has also increased marginally after declining for four consecutive months, even as the headline numbers were rising.   Furthermore, meat and fish prices rose 9.57 per cent, eggs became dearer by 8.79 per cent and the overall price of food and beverages category was up 12.16 per cent.  The retail inflation surpassed the Reserve Bank of India’s (RBI) comfort level of 4% with a margin of 2 percentage points on the either side. It was contained within the RBI’s comfort level until previous month (5.54% in November 2019). The retail inflation in December 2018 was 2.11%.  Blaming vegetable, meat and fish prices for the high food inflation, CARE Ratings Ltd chief economist Madan Sabnavis said that inflation should come down in January with the new onion crop in and prices moving down. However, low base effect will impact inflation for one more month, he added.   Last month, RBI in its monetary policy review statement had predicted the CPI-based inflation to rise in the coming quarters.  “Going forward, the inflation outlook is likely to be influenced by several factors. First, the upsurge in prices of vegetables is likely to continue in the immediate months; however, a pick-up in arrivals from the late kharif season along with measures taken by the government to augment supply through imports should help soften vegetables prices by early February 2020,” the Fifth Bi-monthly Monetary Policy Statement, 2019-20 said.  “Second, incipient price pressures seen in other food items such as milk, pulses, and sugar are likely to be sustained, with implications for the trajectory of food inflation. Third, both the 3-month and 1-year ahead inflation expectations of households polled by the Reserve Bank have risen and these latent sentiment upsides are being reflected in other surveys as well.”   The data also indicated that retail inflation has breached the medium-term target of the RBI to contain CPI inflation within 4 per cent with a band of +/- 2 per cent.

Retail food prices, which make up nearly half of the India’s inflation basket, increased 14.12% in December from a year earlier, against 10.01% in November. NEW DELHI – India’s annual retail inflation has accelerated to its highest level in more than five years, mainly driven by food prices that rose by 14.12 per cent, official […]

January 18th, 2020 | Posted in Business | Read More »

Surrey Issues Over $2 Billion Worth Of Building Permits

Surrey Issues Over $2 Billion Worth Of Building Permits

The City of Surrey set a new record in building permit values issued in 2019. The total construction value exceeded $2.29 billion last year, which is 33% higher than the previous record total of $1.52 billion from 2018.  SURREY – The City of Surrey set a new record in building permit values issued in 2019. […]

January 16th, 2020 | Posted in Business, Lead Story, News, Realestate, Top News | Read More »

Investors Lose Billions In Two Days As Market Falls

Investors Lose Billions In Two Days As Market Falls

Equity markets fell for second consecutive session, with the 30-share key BSE index plummeting 787.98 points, or 1.90 per cent, to close at 40,676.63, on Monday. During the trade, it dropped 850.65 points to 40,613.96. NEW DELHI – Investor wealth tumbled by a whopping Rs 3.36 lakh crore in two successive sessions of decline in […]

January 11th, 2020 | Posted in Business | Read More »

India Inc’s Overseas Borrowing Up 6.5% To USD 2.12 Billion In Nov 2019

India Inc’s Overseas Borrowing Up 6.5% To USD 2.12 Billion In Nov 2019

Domestic companies had borrowed over USD 1.99 billion in November 2018 from foreign sources. NEW DELHI – Overall borrowings by India Inc from overseas markets grew 6.5 per cent to USD 2.12 billion in November 2019, the Reserve Bank data showed. Domestic companies had borrowed over USD 1.99 billion in November 2018 from foreign sources. […]

January 11th, 2020 | Posted in Business | Read More »

Fraudster Ghosn Fled Japan After Security Firm Hired By Nissan Stopped Surveillance: Sources

Fraudster Ghosn Fled Japan After Security Firm Hired By Nissan Stopped Surveillance: Sources

TOKYO – Ousted Nissan boss Carlos Ghosn left his Tokyo residence after a private security firm hired by Nissan Motor Co stopped monitoring him, three sources familiar with the matter told Reuters on Saturday.   Ghosn has become an international fugitive after he revealed on Tuesday he had fled to Lebanon to escape what he […]

January 11th, 2020 | Posted in Business | Read More »

India’s Telecom Sector Faces life-Threatening Crisis

India’s Telecom Sector Faces life-Threatening Crisis

NEW DELHI – From being the world’s cheapest and fastest growing market, India’s telecom sector is sputtering as it faces life-threatening liability running into billions of dollars, a crisis that may alter the character of an industry that has already seen a painful price war destroying profits and push several operators out of the market. […]

January 4th, 2020 | Posted in Business | Read More »

Billionaire Hinduja Brothers Preparing Bid To Buy Jet Airways: Report

Billionaire Hinduja Brothers Preparing Bid To Buy Jet Airways: Report

The UK-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to submit an expression of interest by the Jan 15 deadline LONDON – The Hinduja Group is preparing a bid to buy grounded carrier Jet Airways India Ltd., according to people familiar with the matter.   The UK-based group, run by brothers Gopichand […]

January 4th, 2020 | Posted in Business | Read More »