
India's April wholesale inflation at 0.85% y/y
NEW DELHI, May 14 (Reuters) - India's wholesale inflation (INWPI=ECI), opens new tab in April slowed to 0.85% year-on-year from 2.05% in March, government data showed on Wednesday.
Economists polled by Reuters had estimated wholesale price inflation at 1.76%.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Times
12 minutes ago
- Times
Has remote working opened a global talent pool for businesses?
As competition for skilled staff intensifies, firms can take advantage of a 24/7 workforce across time zones Caption here pls.... Major events in recent years have resulted in more professionals working in a flexible mix of home and office settings, even across borders – but forward-thinking employers have enjoyed the benefits of hybrid setups for much longer. Now, more businesses are beginning to recognise the considerable potential upsides of taking a similar approach, with a borderless workforce. In fields like tech, fintech and creative industries such as gaming – where competition for talent is especially fierce – being able to search in a far larger talent pool from all over the world can make a significant difference when it comes to successful recruitment. Offering the ideal candidate the flexibility to work where they choose also makes them far more likely to say yes. For companies weighing economic pressures and geopolitical uncertainty, a remote workforce can offer a compelling solution to persistent hiring headaches – but there are wider benefits too. With technology powering a round-the-clock business culture, organisations that are able to keep projects moving by handing them off across time zones gain a serious edge over competitors. Productivity doesn't stop at close of play. This is before the additional practical incentives are considered – reduced office costs, regionally adjusted remuneration rates and the ability to have local teams engaging directly with international clients. Secondary factors also come into play. For companies focused on ESG, operating in a more sustainable way through distributed teams can become a meaningful part of their environmental and social impact profile. Of course, managing teams across multiple world regions brings challenges of its own. From embedding a brand's ethos and rolling out consistent working practices, to ensuring full compliance with local tax and employment law, complexity can multiply quickly. One of the fastest-growing HR tech companies in the world, Deel has the expertise to help organisations make this kind of transformation a reality. Deel's intuitive platform cross-references legal frameworks across more than 100 countries, giving businesses everything they need to hire internationally at speed and scale – without the need to set up full operations in each region or wade through regulatory red tape. Instead of hiring local professional employer organisations in every new market, Deel offers businesses a single, legally compliant, tech-led solution. Its Global Payroll platform, for instance, consolidates payroll across multiple countries into one streamlined system – easy to update, monitor and use for data reporting. Valued at $12 billion [£9.4 billion] in its most recent funding round, Deel supports over 35,000 businesses in more than 150 countries. With this extensive global reach, Deel has become a leading voice in international employment trends. Its 2024 report, The State of Global Hiring , offers valuable insights into how and where companies are building cross-border teams. Deel works with startups, scale-ups and larger enterprises alike, providing a single platform to manage everything from onboarding to offboarding – including contracts, tax documentation and global payroll – with efficiency and full compliance. Acting as both legal shield and operational backbone, Deel enables UK companies to build global teams without the friction of international hiring. It's a way to sidestep domestic talent shortages and fill key skill gaps – bringing the future of work within reach today. This a commercial article paid for by our advertising partners Visit to request a free demonstration and see how your business could be transformed


Reuters
30 minutes ago
- Reuters
Adani eyes airport unit IPO by 2027, accelerates $100 billion capex pace, Bloomberg News reports
June 12 (Reuters) - Billionaire Gautam Adani's group is planning to list its Adani Airports unit by 2027, as part of a growth plan that requires investing $100 billion across businesses over the next few years, Bloomberg News reported on Wednesday. The unit is set to be spun off and listed by March 2027, the report said, citing Adani Group executives who spoke on the condition of anonymity. Adani Airports operates eight airports across India, including the Navi Mumbai International Airport, located in the outskirts of India's financial hub, which the company expects will be operational soon. The company also doubled the pace of its capital spending plan and now expects to allocate $100 billion in five to six years instead of spreading it out over a decade as announced before, the report added. The airport unit secured a $750 million investment last week from a consortium of international banks. Part of the funds will be used to refinance debt of $400 million. Reuters could not immediately verify the report, and Adani Group did not immediately respond to a request for a comment.


Daily Mail
35 minutes ago
- Daily Mail
BREAKING NEWS Corruption watchdog makes massive call about Brittany Higgins' $2.4MILLION taxpayer-funded compensation payout - as she gets job after 'medically unfit to work' claims
There was 'no corruption issue' found with the $2.4m taxpayer-funded compensation payout handed to Brittany Higgins after just one day of deliberation, the corruption watchdog has reported.