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Mittal Wedding Costs 60 million EUROS while Onion Prices Triple and Vegetables Prices Increase 95%

  • India's WPI is at a 14 month high pressuring the RBI to raise interest rates on Wednesday.
  • WPI is currently at 7.52% and Inflation is at 11.24%.
  • RBI rejected investment from foreign institutional investors in HDFC Bank as it reaches its limit of 49% paid up capital.
  • The Sensex falls for a 5th day in a row because of upcoming US Fed and RBI news on Wednesday.
  • Blackstone is announced an India-based private equity venture.
  • Walmart downsized by 150 employees in India.
  • Hitachi affirms it wants to make India its base for its construction equipment business.
  • Jolly Ranchers candy has launched in India - its first venture outside of North America in 65 years
  • Mittal wedding in Barcelona cost 500 crores which is approx 60 million EUR