Mexican Media Brands
India’s Inflation Rate Accelerates
India’s consumer price index, which rose 4.8% in March, climbed by a higher-than-expected 5.4% in April, according to the country’s statistics ministry.
#economics
Share
India’s consumer price index, which rose 4.8% in March, climbed by a higher-than-expected 5.4% in April, according to the country’s statistics ministry.
The acceleration came as the Reserve Bank of India lowered its index interest rate to a five-year low of 6.5% in an effort to reduce inflation. The central bank hopes to control inflation at 5% by this time next year.
Separate data today show India’s industrial output was unchanged in March, a decline economists consider more troubling.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.