Author: Roshni Kumari

“Since April 2021, the WPI inflation rate has maintained over 10% for fourteen consecutive months. Contrast this to last year, when WPI inflation was 13.11%, and you’ll notice a significant rise.” In May, wholesale price-based inflation soared to a record 15.88% as petroleum prices jumped and a heatwave pushed up the cost of vegetables and fruits, increasing the likelihood of a second interest rate increase by the Reserve Bank. The Wholesale Price Index (WPI)-based inflation continued its upward trend for the third consecutive month and stayed in double digits since April of last year for the fourteenth consecutive month. Inflation…

“On Friday night in Ghaziabad, a businessman was reportedly thrown off of a foot overbridge, which ultimately led to his death. The victim’s family claimed that the perpetrators beat the victim up and then threw him off the bridge when he protested the theft of his belongings.” A businessman in Ghaziabad who was 30 years old and opposed looting is said to have been thrown off a foot overbridge, which led to his death. The victim was pronounced dead at the scene. The members of the victim’s family have asserted that the perpetrators of the crime looted the man, and…

According to official documents, Chinese technology conglomerate Tencent has purchased a stake in Flipkart worth USD 264 million (approximately Rs 2,060 crore) from its co-founder, Binny Bansal, through its European subsidiary. Flipkart, headquartered in Singapore, operates solely in India. Bansal now owns approximately 1.84 percent of Flipkart after selling a portion of his stake to Tencent Cloud Europe BV. The deal was closed on October 26, 2021, and the relevant information was communicated to the appropriate governmental authorities at the beginning of the most recent fiscal year.  Following the completion of the transaction, the Tencent arm will hold a 0.72…

“The basket of crude oil that India purchases HAVE risen to a decade high of USD 121 per barrel, while retail gasoline and diesel prices have remained unchanged.” India purchases a basket of crude oil that has risen to a decade high of $121 a barrel, while retail gasoline and diesel prices have remained unchanged. According to data from the oil ministry’s Petroleum Planning and Analysis Cell, the Indian basket reached $121.28 on June 9, matching levels observed in February/March 2012. (PPAC). According to the PPAC, the Indian basket of crude oil averaged $111.86 per barrel between February 25 and…

“At around 11 a.m. on Thursday, the accused Sanjit Dash, a BSc graduate, stabbed his spouse Saraswati (36) many times with a kitchen knife at their home in Ghatikia, Bharatpur police limits.” The event occurred on Thursday in Bhubaneswar when the defendant, Sanjit, requested Rs 1,000 from his spouse to purchase narcotics, which she denied, resulting in a fight between the couple. The quarrel quickly escalated, and Sanjit assaulted his spouse Saraswati with a knife in a fit of rage. Saraswati, who was critically injured, bled excessively and died on the spot. Sanjit’s minor daughter interfered to stop him, and…

At around 11 a.m. on Thursday, the accused Sanjit Dash, a BSc graduate, stabbed his spouse Saraswati (36) many times with a kitchen knife at their home in Ghatikia, Bharatpur police limits.”

Reliance Industries has purchased the Mandarin Oriental Hotel New York, a five-star hotel in midtown Manhattan, through the purchase of its Cayman Islands-based parent. A major player in the city’s real estate and hospitality markets. Reliance, through its wholly-owned subsidiary Reliance Industrial Investments and Holdings, will pay $98.15 million for 73.37 percent ownership of the hotel, according to a late-night statement on Saturday. It will also assume its liabilities over $115 million, according to sources, bringing the total deal value to close to $270 million. Future Plan If its other shareholders want to exit the property, RIL would look to…