Wholesale inflation was softer than expected, retail sales moved higher in November

Wholesale inflation was softer than expected, retail sales moved higher in November

Wholesale prices moved up less than expected while consumers kept up a heavy buying pace in November, according to economic data released Wednesday. The producer price index, a measure of final demand prices that producers get in the marketplace, rose just 0.2% for the month, according to seasonally adjusted figures from the Bureau of Labor…

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2026 is the ‘year of execution’ amid turnaround plan

2026 is the ‘year of execution’ amid turnaround plan

Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025. Daniele Mascolo | Reuters DETROIT — Stellantis CEO Antonio Filosa views 2026 as an execution year for the embattled maker of Jeep, Ram and Dodge vehicles in the U.S. after years of market share declines. Filosa has been undertaking a turnaround…

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RBI proposes changes to banks’ forex positions

RBI proposes changes to banks’ forex positions

👉 Visit the Official SleepLean Website The Reserve Bank on Wednesday proposed changes to rules governing banks’ foreign exchange positions. The amendments to net open position (NOP) were made following a comprehensive review of the existing instructions, according to an official statement. NOP refers to the difference between banks’ total foreign currency assets and liabilities,…

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Ahead of Union Budget, Karnataka seeks release of dues

Ahead of Union Budget, Karnataka seeks release of dues

Chief Minister Siddaramaiah Ahead of the Union Budget, Chief Minister Siddaramaiah has urged the Centre to release its dues and has referred to the economic conditions in the State owing to GST rate rationalization, increased social commitment, change in weather condition, and increasing urbanisation. The rate of growth of committed expenditure is faster than the…

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​Moving on: On India’s Consumer Price Index and a new base year

​Moving on: On India’s Consumer Price Index and a new base year

The retail inflation figure for December 2025 is the final instalment of the current series of the Consumer Price Index (CPI), with a base year of 2012, before it is updated to a new base year and with new weightages. The CPI data this year have been particularly useful in highlighting the problems with relying…

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Mercedes-Benz India to focus on value over volume, sees 3% de-growth in 2025 sales at 19,007 units

Mercedes-Benz India to focus on value over volume, sees 3% de-growth in 2025 sales at 19,007 units

Santosh Iyer, Managing Director and CEO, Mercedes-Benz India, launches the EQS SUV ‘Celebration Edition’ starting at ₹1.34 crore (5-seater) (left) and Mercedes-Maybach GLS ‘Celebration Edition’ priced at ₹4.10 crore. | Photo Credit: Special Arrangement With intense competition in the entry-level of the luxury car market in India, even from non-luxury brands in the sub ₹50…

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Govt extends duty-free imports of Urad till March 2026

Govt extends duty-free imports of Urad till March 2026

Representational file image. | Photo Credit: G.P. Sampath Kumar India has extended duty-free imports of Urad for another year until March 31, 2026, according to a government notification. The provision was earlier in place until the end of March this year. Myanmar is the main exporting country of Urad to India. “The free import policy…

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XOM hit a record after Trump threatened to cut it out of Venezuela — here’s why

XOM hit a record after Trump threatened to cut it out of Venezuela — here’s why

Exxon Mobil hit record highs this week after rubbing President Donald Trump the wrong way at a White House meeting on investment in Venezuela. Trump said Sunday he is inclined ” to keep Exxon out ” of Venezuela, after CEO Darren Woods told the president that the South American nation is ” uninvestable .” Exxon’s…

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A 25-year-old is using a Japanese concept to grow a matcha business

A 25-year-old is using a Japanese concept to grow a matcha business

Angel Zheng at Isshiki Matcha in New York, NY on May 21, 2025. Lisa Kailai Han | CNBC Angel Zheng is relying on the Japanese principle of “ikigai” to turn her passion for matcha — a powdered green tea with a unique taste and purported health benefits — into building what she hopes will be…

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Mortgage refinance demand surges 40% higher

Mortgage refinance demand surges 40% higher

Homes in Palm Beach Gardens, Florida, US, on Sunday, Jan. 11, 2026. Zak Bennett | Bloomberg | Getty Images Mortgage demand spiked markedly higher last week as consumers returned from the holidays to find overall lower interest rates and then a sharp rate drop Friday on news from the White House. President Donald Trump posted…

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