Industrial production (IIP) rose to 4.3 per cent in August, up from July's 1.2 percent growth.
The factory output growth, measured on the Index of Industrial Production (IIP), for April-August period accelerated to 2.2 percent from 5.9 percent in the same period last fiscal, as per the data released by the Central Statistics Office on Thursday.
Retail or consumer inflation rose at lower-than-expected 3.28 per cent in September, unchanged from August.
The Consumer Price Index (CPI) or retail inflation stood at 4.39 per cent in September 2016.
In my opinion, IIP growth will not sustain at this level, as base effect will keep shifting. It was forecast to accelerate to 2.5 percent. Inflation not easing further dampens hopes of India Inc for interest rate cuts. All this will basically impart upside risk to the baseline inflation trajectory.
In August, the annual inflation rate amounted to 1.2%.
"There will be improvement in aggregate demand for commodities during festive season", Hitesh Jain, associate vice president- research, IIFL Wealth Management. The rate continues to be below 4 per cent, the mid-term target set by the Reserve Bank of India (RBI).
The data revealed the overall food inflation moderated to 1.25 per cent in September from 1.67 per cent in the previous month. Economists believe that the inflation rate was driven by higher salaries of government employees as well as the impact of Goods and Services Tax (GST ). But, we also need to keep an eye on food prices.
If this year's bezel-less iPhone X didn't impress you, Apple has something else up its sleeve to dazzle you in the future. Interestingly, the report says Apple has chosen to work with LG on the project instead of Samsung .
Also, Director Gilla Kaplan sold 7,500 shares of the company's stock in a transaction dated Wednesday, August 2nd. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.23 billion.
Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward.
Aberdeen Asset Public Uk stated it has 184,399 shares or 0.07% of all its holdings. 140,776 shares of the stock were exchanged. Van Hulzen Asset Management Ltd Liability Corp holds 0.16% of its portfolio in Realty Income Corp (NYSE:O) for 7,450 shares.
In other news, General Counsel Stacey Friedman sold 9,968 shares of the business's stock in a transaction on Monday, August 21st. Finally, Manning & Napier Advisors LLC raised its position in shares of J P Morgan Chase & Co by 19.3% in the second quarter.
While the team expressed interest in re-signing him during the offseason, a new contract has not materialized yet. Eifert was a first-round draft pick in 2013 and is now in the final season of his contract with the Bengals.
The total amount of shares outstanding is 201.39 million, giving the company a market capitalization of about 2.25 billion. The Cardinal Capital Management Llc holds 4.26M shares with $45.18 million value, up from 4.20M last quarter.
With 3,000 avg volume, 2 days are for Hopfed Bancorp Incorporated (NASDAQ:HFBC)'s short sellers to cover HFBC's short positions. Welch Investments LLC bought a new stake in shares of Philip Morris International during the first quarter worth $113,000.
Siddharth was thoroughly thrilled by Vaani in her previous projects, therefore chose to get her on board. He also said that he was looking for a young and fresh face for this movie and then he found Vaani.
The rating was maintained by Argus Research with "Buy" on Tuesday, October 20. (NYSE:HON) rating on Wednesday, April 26. Deily sold 4,344 shares of the company's stock in a transaction dated Monday, August 7th. (NYSE:HON) on Monday, May 8.
Warm again today, spotty rain Friday
Saturday highs will be in the mid-70s, then near 80 on Sunday! A noticeable cool-down is on the way for the start of next week. Friday afternoon a cold front slows and comes to a halt to our northwest, that will allow for more clouds by Friday night.
Southwest Airlines makes it official: Hawaii service on the way
Travelers have wanted Southwest to offer flights to Hawaii for years, and Kelly said it's one of the top questions from employees. The Dallas airline began to fly outside the U.S.in 2014 when it took over flights to the Caribbean from its subsidiary AirTrans.
Balloons to provide Puerto Rico with telephone service
To deliver signal to people's devices, Loon needs be integrated with a telco partner's network - the balloons can't do it alone. The reason for increased difficulty is that Loon was already in testing in Peru with a carrier and was ready to roll.
Arturo Vidal ends Chile career after FIFA World Cup exit
I'm proud of belonging to this group and I'll never abandon it. "I'm sure that, all together, we'll come back stronger". The National team finished sixth in the South American q qualifiers missing out on a place in Russian Federation .
Broadcasters Sending 10000 Radios To Puerto Rico
The final decision is up to Congress, but they have rejected that status a number of times in the past. They are exempt from paying USA federal income tax but do pay into Social Security and Medicare.