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New Delhi [India], October 14: With Navratri, Dussehra and Diwali approaching, India’s festive season, traditionally the biggest window for discretionary purchases, is opening against a tightening economic backdrop. Retail inflation, as measured by the Consumer Price Index (CPI), rose to 5.54% in September 2026 from 4.83% in August, its eleventh consecutive monthly increase, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on October 12. Food inflation surged to 7.74% from 5.97%, with onion prices more than doubling year-on-year, and a home-cooked vegetarian thali cost about 10% more than a year earlier. On October 7, the…

Vladivostok [Russia], September 2: During the Eastern Economic Forum 2026 (EEF-2026), Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank, announced the bank’s acquisition of two Summit Towers business centers in New Delhi. This marks an important milestone in expanding Sber’s and Russian business’s infrastructural presence in India. The acquisition of these properties in the Indian capital will create a new foundation for long-term partnership. Sber is consistently expanding its presence in the country, and this investment is part of that strategy. Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank: “We are consistently expanding our…