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Business Value

U.S. Consumer Prices Tumble 0.4% in March

U.S. consumer prices fell by the most in more than five years in March as the coronavirus pandemic pummeled demand, fueling concerns that the economy is heading toward deflation.

The Labor Department reported Friday that the consumer price index dropped 0.4% last month amid a sharp decline in the cost of gasoline and record decreases in hotel accommodation, apparel and airline ticket prices.

The decline in the CPI was the largest since January 2015 and was slightly below economists’ estimates of a 0.3% slide. Prices had gone up 0.1% in February before the coronavirus crisis escalated.

In the 12 months

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Business Management

MARKET LIVE: Sensex tanks 2,700 pts ahead of RBI meet, European mkts tumble

Indian benchmark indices had been trading in excess of 8 for each cent decrease, dragged down largely by bank stocks, on Monday as market-off resumed after a day’s halt.

The uncertainity relating to the influence of the coronavirus epidemic held trader sentiment in look at even though the US Federal Reserve slash curiosity premiums to around-zero on Sunday in a different emergency shift to assistance shore up the US financial state amid the rapidly escalating international coronavirus pandemic. Read through Far more

The Reserve Financial institution of India (RBI) is envisioned to keep a media interaction at four PM today.
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Business Value

Hero MotoCorp shares slip to over 5-year low, tumble 12% in February

Shares of Hero MotoCorp (HMCL) slipped two for each cent intra-day to strike an in excess of five-year low of Rs two,192 on the BSE on Monday amid worries that the quantity weakness may well proceed in the upcoming two-3 quarters due to inventory correction with dealers and notable cost will increase as a outcome of the BSVI changeover. The two-wheeler major’s inventory was trading at its least expensive stage considering that May possibly 2014.

So much in the month of February, HMCL has underperformed the market by falling 12 for each cent, soon after the company explained, on February

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