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Wholesale price-based inflation eases to 8.39%, lowest since March 2021

Wholesale price-based inflation eases to 8.39%, lowest since March 2021

Wholesale price index (WPI), which determines the price of products at the wholesale stage, eased in October, as per the government data shared on Monday. The data showed that, in October, the wholesale price-based inflation dropped to 8.39% year-on-year, compared to 10.7% recorded in September. Notably, since March 2021, this is the first time that the WPI reading has slipped to a single-digit number. Why does this story matter? Inflation has remained a major issue for India even as many countries are witnessing an economic crisis due to various factors. Moreover, the purchasing capacity...

Jan 20
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What's happening at Twitter: From auctioning furniture to falling revenues 

What's happening at Twitter: From auctioning furniture to falling revenues 

Twitter's dire financial condition is public knowledge now. With several advertisers leaving the platform, the company has been aggressively cutting costs. A unique solution it found to raise some money is to auction off surplus items at its San Francisco headquarters. But that may not be enough to cover the magnitude of ad revenue it lost since Elon Musk's takeover. Why does this story matter? Twitter is bleeding money and Musk's attempts at reversing the company's fortunes are yet to bear fruit. The company is nearing the first installment ($1.5 billion) of interest payment for the $13...

Jan 20
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Athik Saleh

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