Business
India’s Retail Inflation Likely To Ease Further In October: Report
New Delhi: India’s retail inflation is expected to fall further in October, supported by a high base effect, easing food prices, and the full impact of recent GST reforms, a new report has said. The data compiled by Union Bank of India suggests that inflationary pressures will only rise gradually in the coming months.
The bank said its projection for October’s Consumer Price Index (CPI) inflation is currently tracking below 0.50 per cent. It also expects food inflation to drop sharply and remain in the negative zone during the winter months, as the impact of recent floods has been limited.
Inflation has already eased to an eight-year low, helped by lower food prices and the rationalisation of GST rates. The report lowered its inflation forecast for FY26 to 2.6 per cent from the earlier estimate of 3.1 per cent.
It added that inflation is likely to stay below the RBI’s target range for most of the year and may rise slightly in the fourth quarter due to base effects. In September, CPI — which measures the average change in retail prices of goods and services –showed a notable decline compared to the previous month, highlighting a broad moderation in price growth.
The Consumer Food Price Index (CFPI) stood at -2.28 per cent, indicating that food prices have been falling since June 2025. Data also showed that inflation in rural areas was 1.07 per cent, while urban inflation was slightly higher at 2.04 per cent.
Food inflation remained negative in both segments, at -2.17 per cent in rural areas and -2.47 per cent in urban regions, reflecting the impact of falling prices of vegetables and edible oils. The government attributed this decline to “favourable base effects” and lower prices of key food items such as vegetables, oils, fruits, cereals, pulses, eggs, and fuel.
Economists believe that if the current trend continues, India could maintain a low-inflation environment through the festive and winter seasons, supporting consumer demand and overall economic stability.
Mumbai: Warburg Pincus-backed housing finance company Truhome Finance ( formerly Shriram Housing) has filed draft papers with capital markets regulator SEBI to raise Rs 3,000 crore through an initial public offering.The IPO will comprise a fresh issue of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore and an offer for sale of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore, according to the draft red herring prospectus filed with SEBI. The offer for sale will be undertaken by promoter selling shareholder Mango Crest Investment, which plans to offload shares worth up to Rs 1,500 crore.Truhome Finance plans to use the net proceeds from the fresh issue to augment its capital base to support future capital requirements, including onward lending and general corporate purposes. The funds will also help the company comply with RBI’s capital adequacy norms as its business expands.The company said the proceeds are expected to be deployed over the financial years ending March 31, 2027 and March 31, 2028.JM Financial, IIFL Capital Services, Jefferies India and Kotak Mahindra Capital Company are the book running lead managers to the issue.Warburg Pincus completed its acquisition of Shriram Housing Finance (SHFL) from Shriram Finance and other sellers in December 2024 for approximately Rs 4,630 crore, marking a strategic shift in India’s housing finance sector.
Business
Ticketmaster parent Live Nation reaches settlement with Department of Justice over antitrust concerns
Signs are seen at the Live Nation NYC headquarters on May 23, 2024 in New York City.
Michael M. Santiago | Getty Images
Live Nation Entertainment has reached a settlement with the Department of Justice over antitrust concerns surrounding its Ticketmaster platform, a senior DOJ official said Monday.
The settlement would see Ticketmaster unwind some of its exclusivity agreements with musical artists and open up the ticketing industry to greater competition. It still needs approval by more than 20 states that had filed suit and by the court.
As part of the settlement, Ticketmaster will offer a standalone third-party ticketing system for other companies like SeatGeek to use its technology. Live Nation has also agreed to divest at least 13 of its amphitheaters and will no longer be able to require artists to use other Live Nation products tied to its venues. It has also agreed to pay roughly $280 million in civil penalties.
Shares of Live Nation rose 5% in morning trading. Live Nation and Ticketmaster did not immediately respond to requests for comment.
Ticketmaster has long faced criticism that its dominance in the live events and ticketing space pushes up prices for consumers. The company has come under heightened scrutiny in recent years from fans who argue that it’s become harder and pricier to snag coveted event tickets.
In 2022, the backlash boiled over when the rollout of tickets for Taylor Swift’s Eras Tour was mishandled, leading to a probe of the company. And in 2024, the DOJ — along with more than two dozen states — sued to break up Live Nation and Ticketmaster, which merged in 2010.
In September, Live Nation was separately sued by the Federal Trade Commission over what the agency called “illegal” ticket resale tactics. The FTC said Ticketmaster controls roughly 80% of major concert venues’ ticketing.
In a Monday statement, New York Attorney General Letitia James said her office would continue to fight against Live Nation’s alleged monopoly even after its agreement with the DOJ.
“The settlement recently announced with the U.S. Department of Justice fails to address the monopoly at the center of this case, and would benefit Live Nation at the expense of consumers. We cannot agree to it,” said James, who is joined by the attorneys general of more than 20 other states.
The conflict in the Middle East could raise the cost of petrol, household energy bills and even food.
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