Market

India’s retail inflation eased marginally to 6.44% in February after three-month high of 6.52% in January. The new inflation will burn pockets of consumer as prices continued to be above the Reserve Bank of India’s so-called tolerable limit of 6% for two straight months. On March 13, the RBI released the data, which said the food and beverages inflation index stood at 6.26% during the month against 6.19% in January.

After Amazon, Microsoft and Google, the Dutch online market OLX also announced to laying off 15% staff. On January 31, a company spokesperson said, "OLX is reducing its global workforce by 15% which affects staff across all countries, business units and job functions. We are taking necessary measures to reduce cost structure in light of changing macroeconomic conditions." The layoff will impact approximately 15,000 staff at OLX.

Mumbai’s Motilal Oswal Financial Services, in their 'Ecoscope' report on October 5, stated that economic indicators show the GDP will fall by 6-7% in the second quarter. This is lower than the widely expected 11% fall. According to the firm, e-way registrations, power generation, mobility-indices and auto sales have resulted in increased economic activity. The report also suggests a positive trend in economic activities during the upcoming… read-more