The domestic markets were volatile in Friday’s trade after a sharp selloff the previous day amid lingering global weakness.` Big Bull Rakesh Jhunjhunwala lost nearly Rs 842 crore in early trade on Friday morning trade in his 2 favourite stocks namely Titan, Star Health & Allied Insurance Company Ltd.

Titan Company share price today opened lower and hit Rs 1997 apiece levels by 9:30 AM, logging Rs 63.95 per share dip from its yesterday’s close of Rs 2060.95 levels on NSE. In the past three months, the stock has declined 28.32 per cent while the benchmark Sensex has lost 11.26 per cent during the same period.

On the technical front, the stock’s daily RSI (relative strength index) stood at 26.756. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

The Reserve Bank of India (RBI) on June 16 lifted the restrictions imposed on Mastercard citing improvement compliance.

"In view of the satisfactory compliance demonstrated by Mastercard Asia / Pacific Pte. Ltd. with the Reserve Bank of India (RBI) circular dated April 6, 2018 on Storage of Payment System Data, the restrictions imposed, vide order dated July 14, 2021, on on-boarding of new domestic customers have been lifted with immediate effect," the RBI said.

The RBI had, on July 14, 2021, imposed restrictions on Mastercard Asia/Pacific Pte. Ltd. from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from July 22, 2021 for non-compliance with the RBI circular dated April 6, 2018 on Storage of Payment System Data.

Any financial advice coming from Warren Buffett, with his legendary business acumen, would be worth taking note of. More than once or twice, the 91-year-old CEO of Berkshire Hathaway has been asked for tips on teaching young children about money. And one of his first lessons? It’s never too early to start.

When asked what he thinks is the biggest mistake parents make when teaching their children about money, Warren Buffett told CNBC: “Sometimes parents wait until their kids are in their teens before they start talking about managing money — when they could be starting when their kids are in preschool.”

Wholesale price inflation soared to a record high in May on the back of surging food and fuel prices, posing a challenge to authorities dealing with stubborn price pressures and trying to protect the economic recovery currently underway.

Data released by the department for promotion of industry and internal trade (DPIIT) on Tuesday showed inflation, as measured by the wholesale price index (WPI), rose an annual 15.9% in May, higher than the 15.1% in April and above the 13.1% recorded in May 2021. This is the highest inflation in the new series (2011-12) and the highest since the 16% posted in September 1999. WPI has been in double digits for 14 consecutive months, highlighting the entrenched price pressures.

The high rate of inflation in May 2022 is primarily due to rise in prices of mineral oils, crude petroleum and natural gas, food articles, basic metals, non-food articles, chemicals and chemical products and food products as compared to the corresponding month of the previous year, according to the official statement.

India may permit export of wheat to meet Indonesia’s food grain demand through an arrangement where the Southeast Asian nation supplies palm oil without any interruption at a competitive rate to address India’s concerns over shortage of edible oil, one of the key factors powering inflation, two people aware of the matter said, asking not to be named.

Although India has banned export of wheat last month to assure its adequate availability domestically even as global wheat prices have skyrocketed due to supply concerns, it has kept the option of exports open though government-to-government (G2G) deals, the two added.

India imposed a ban on wheat exports on May 13 “with immediate effect” . Indonesia’s ban on palm oil exports in April 28 lasted for three weeks. Palm oil, inexpensive when compared to other edible oils, is a preferred cooking medium in India.In 2020-21, India imported 133.5 lakh tonnes of edible oil, out of which the share of palm oil was around 56%.