Tomato prices to remain unchanged for two more months: Crisil Research

Inexplicable and excess rains have pushed up vegetable prices and tomato prices will remain elevated for two more months, research said on Friday. The situation in Karnataka, one of the major tomato growing regions, is so “serious” that the vegetable is being shipped from Nashik in Maharashtra, it said, pointing to talks on the ground. … Read more

Broad Peak, Brescon plan to invest $300 million in Indian bad loan market

Singapore-based Broad Peak Investment Advisors and Brescon & Allied may be the latest in a series of investment vehicles targeting India’s bad debt market, joining hands to invest $300 million. The proposed partnership will consider buying assets or companies that have access to credit or are struggling to access alternative resources as bankruptcy proceedings become … Read more

Richest 20% facing higher inflation than poorest 20%: CRISIL

Expanding the retail inflation print for October, which rose to 4.5 percent from 4.3 percent in September but declined sharply from 7.6 percent annually, says the richest 20 percent of the population, who pay more for non-food Or core commodities suffered the most from rising prices in the month and the poorest 20 percent, who … Read more