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May Sees Wholesale Inflation Drop to Negative 3.48%
India's wholesale inflation rate fell to (-)3.48% in May 2023 with decline in prices of basic metals, crude petroleum, food products, textiles, non-food items, and mineral oils. The Reserve Bank of India has kept policy repo rate unchanged at 6.5%, mirroring the downward trend in inflation rates.
Chandigarh Housing Board to Offer 2-BHK Flats in Sector 51 for Rs 1 Crore
Get ready for the CHB's latest auction of residential and commercial properties in Chandigarh! Offering 40 freehold and 88 leasehold properties, the auction starts on June 14th. Reserve prices for 2-bedroom houses in Sector 51A range from Rs 92.78 lakh to Rs 1.07 crore. Don't miss out!
India Records Lowest Wholesale Inflation in 3 Years at -3.48% in May
Good news for India as wholesale inflation hits a 3-year low in May. The Wholesale Price Index dropped to -3.48% due to a decline in various goods. Retail inflation also decreased to 4.25%.
Cloudbankin, Fintech SaaS Startup Secures $400K Funding
Cloudbankin secures $400K in funding to enhance its AI-based platform for customizable workflows & pluggable integrations. Trusted by 50+ financial institutions with lightning-fast loan disbursement.
ED Arrests Former DCHL Chairman Venkatram Reddy in Hyderabad Money Laundering Case
Former Chairman of Deccan Chronicle Holdings Limited, T Venkatram Reddy, was arrested for bank loan fraud and money laundering by the Enforcement Directorate (ED). Reddy and others allegedly obtained loans from different banks using the same titles, resulting in fraud and money laundering. The company had defaulted on loans, leading to criminal charges against Reddy and DCHL. Properties and shares were already attached by lenders, and assets worth Rs 122.15 crore were attached by ED. Reddy's ostentatious lifestyle drew attention.
