India’s CPI inflation plunges to 8-year low of 1.55 pc

IANS | August 12, 2025 4:35 PM

New Delhi, Aug 12 (IANS) India’s inflation rate based on the Consumer Price Index (CPI) eased further to 1.55 per cent in July this year, compared to the same month of the previous year, as prices of food declined during the month. This is the lowest level of year-on-year retail inflation since June 2017, according to a statement issued by the Ministry of Statistics on Tuesday.

Crackdown on Russian oil exports a big setback for Reliance, shares dip

IANS | August 12, 2025 3:51 PM

New Delhi, Aug 12 (IANS) US President Donald Trump’s crackdown on Russian oil exports has come as a major blow to Mukesh Ambani-led Reliance Industries Ltd. (RIL), which was a major importer of the cheap crude for processing at its giant oil refinery in Jamnagar on the Gujarat coast.