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India’s retail inflation for June is at 5%

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Inflation

New Delhi, July 12 : India’s retail inflation for June has gone up to 5 per cent compared to 4.87 per cent in May 2018, according to data released by the Central Statistics Office on Monday.

Inflation Internals

  • Food price inflation stood at 2.9 percent in June compared with 3.1 percent in May.
  • Fuel and light inflation stood at 7.14 percent in June compared with 5.8 percent in May.
  • Clothing and footwear inflation was at 5.67 percent in June compared with 5.47 percent in May.
  • Housing inflation stood at 8.45 percent in June compared with 8.4 percent in May.
  • Inflation in pan, tobacco and intoxicants stood at 8.05 percent, compared with 8 percent in May.

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Man finds insect in cake at Ikea Hyderabad store, Tweets video

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IKEA Cake insect
The photo tweeted by the customer who bought a cake at IKEA's Hyderabad restaurant.

Hyderabad, Sep 21: Swedish furniture major IKEA’s first ever store in India in Hyderabad has again landed in controversy. Weeks after a customer had complained about finding a caterpillar in his biryani, ordered at Ikea’s store in Hyderabad, another customer has said that he found an insect in a chocolate cake that he ordered at the Ikea store.

The customer, Kishore, tweeted on September 12 that he found the insect inside a slice of chocolate cake while his daughter was eating the dessert at the IKEA store. He also posted a video in which an insect can be seen crawling over the chocolate cake.

The Greater Hyderabad Municipal Corporation has reportedly fined the Swedish furniture major Rs. 5,000 based on Kishore’s complaint.

IKEA on Thursday expressed regret over the incident. “In our Hyderabad restaurant when a customer was eating a chocolate cake which he bought, a fly was seen on the cake which eventually flew away. We regret this and apologise to our customer for the unfortunate experience. We are taking steps to avoid such occurrences,” an IKEA spokesperson said.

This is the second such incident that happened at the Ikea Hyderabad store that was opened on August 9. On September 2, a customer reported a caterpillar in the vegetable biryani supplied to him. Ikea India subsequently took vegetable biryani and samosa off its menu and apologised to the customer.

Read More: IKEA stops selling biryani, samosa after complaint

In the incident of the caterpillar in biryani, the furniture giant was fined Rs. 11,500 by the Hyderabad civic agency.

IKEA opened its first India store in Hyderabad on August 9. It has a 1,000-seater restaurant that serves a wide range of food, from Swedish to Indian snacks.

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Equity indices open in green; Sensex gains 280 points

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sensex up

Mumbai, Sep 21: The key Indian equity indices opened on a positive note on Friday tracking firm global cues, with the S&P BSE Sensex gaining around 280 points so far.

Further, Asian stocks rose after markets in the US hit record highs on Thursday.

At 9.30 a.m., the wider Nifty50 on the National Stock Exchange traded at 11,319.70 points, higher by 85.35 points or A0.76 per cent from its previous close.

The BSE Sensex which had opened at 37,278.89 points, traded at 37,403.57 points, higher by 282.35 points per 0.76 per cent from its previous close 37,121.22 points.

So far, it has an intra-day high of 37,427.10 points and a low 37,202.94 points.

On Thursday, stock exchanges were shut on account of Muharram.

IANS

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Petrol price hiked again

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Petrol Price

Sep 21 :No respite from petrol price hike as petrol on Friday has been increased by Rs 0.9 and was being sold at Rs 89.69 per litre while in Delhi petrol price stands at Rs.82.32 per litre.

Union Petroleum and Natural Gas Minister Dharmendra Pradhan had blamed international factors for the hike in the prices of petroleum products.

As in Chennai it is being sold at Rs. 85.48 per litre. Diesel prices stood at Rs 73.87/litre in Delhi, whereas in Mumbai it is 78.42/litre.

Meanwhile, a litre of petrol in Chennai was increased by 7 paise to be sold at Rs 85.48.

 

Delhi has the cheapest fuel rates among all metros and most state capitals because of lower taxes. Mumbai has the highest sales tax or Value Added Tax (VAT).

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