Sunday, Jul 22, 2018 | Last Update : 12:57 AM IST

Economy

According to government data, retail inflation rose to 5 per cent in June, a five-month high, despite easing food prices.

RBI likely to raise interest rates in August: DBS

MPC will begin its three-day meeting on July 30 and announce its decision on the third bi-monthly policy.

According to a March 2018 report of the Small Industries Development Bank of India (SIDBI), the NPA ratio for PMMY loans of up to Rs 10 lakh.

Banks fear Mudra loans sans collateral may become NPAs

The government has already disbursed around Rs 5,54,703 till date to almost 12 crore consumers.

Telangana registered the highest revenue growth in the country. (Photo: PTI).

19.83 per cent growth in revenue collections in Q1 of this fiscal

In the first quarter of the 2017-18 fiscal, the state achieved revenue of Rs 13,374.25 crore.

India’s retail inflation rate accelerated to a five-month high of 5.0 per cent in June, government data showed on Thursday, driven by higher fuel prices and a depreciating rupee. (Photo: AP)

Retail inflation accelerates to 5 per cent in June

June was the eighth straight month in which inflation was higher than the central bank’s medium-term target of 4 per cent.

The general tightening in global financial conditions is playing a role in affecting India's growth. (Photo: AFP)

India's growth remains quite robust into future: IMF

IMF on Monday forecast a growth rate of 7.3 per cent in 2018 and 7.5 per cent in 2019 for India.

Market

Sectoral indices led by IT, teck, capital goods, auto and banking stocks helped the recovery, rising by up to 1.31 per cent.

Sensex regains strength, rises over 150 points

The 50-share NSE Nifty reclaimed the 11,000 mark, quoting higher by 43.45 points, or 0.39 per cent, at 11,000.55.

The 50-share NSE Nifty too ended 23.35 points, or 0.21 per cent lower at 10,957.10. (Photo: AP)

Sensex ends lower in cautious trade

Sensex opened higher and advanced to hit a high of 36,515.58, but soon turned lower and slipped to 36,279.33.

 The 50-share NSE Nifty rose 48.15 points, or 0.43 per cent, to 11,071.35. (Photo: AP)

Sensex hits fresh record high on firm global cues

Sensex hit a fresh record high of 36,740.07 points in opening session driven by smart gains in Infosys, Coal India and Wipro.

By taking the IPO route, firms will also achieve the benefits of listing the equity shares on the bourses, which enhances their brand name.

IPOs set to raise Rs 14,000 crore this week

Together, these seven companies are aiming to raise more than Rs 14,000 crore, they added.

Companies

NCLAT on Friday gave a go-ahead to the lenders' meeting of debt-ridden Bhushan Power & Steel, directing it to finalise a bid for the company.

NCLAT allows lenders to meet and finalise Bhushan Power bid

Vacating its earlier stay, the appellate tribunal has directed the CoC of the company to consider the resolution plans.

Sterlite Copper CEO P Ramnath told PTI that statistics don't bear out "myths" like Tuticorin being the cancer capital of Tamil Nadu and the firm's factory the biggest polluter in the region. (Photo: PTI)

NGOs planned closure of Tuticorin copper smelter, says CEO

Stating that the plant followed strict pollution control standards, he said there was "zero discharge" of sulphur.

A European Union antitrust judgement against Google on Wednesday invites more competition from software developers including Microsoft Corp, Amazon.com Inc and Samsung Electronics Co, but still leaves them at an disadvantage, industry executives and analysts told Reuters. (Photo: Google)

EU order against Google opens new doors for mobile industry

The EU found that the Alphabet Inc unit illegally bolstered its dominance in the mobile business since 2011.

According to PNGRB, a total of 400 bids were received for the 86 permits on offer.

IOC, BPCL, Adani top bidders for city gas licences

The 9th bid round was being held on changed parameters after one paisa bids spoilt the initial auction rounds.

Naresh Goyal-promoted Jet Airways on Tuesday signed a formal agreement with Boeing Co to acquire an additional 75 latest single-aisle 737 Max aircraft valued at USD 8.8 billion at current list prices.

Jet to buy 75 more 737 Max airplanes from Boeing for USD 8.8 bn

The two companies inked the pact at the ongoing Farnborough International Airshow.

Autos

German luxury car maker BMW on Thursday launched its new BMW 3 Series Gran Turismo Sport in India priced at Rs 46.6 lakh (ex-showroom).

BMW launches 3 Series Gran Turismo Sport priced at Rs 46.6 lakh

The vehicle is equipped with modern safety technologies.

Honda has so far sold 1,28,197 units of Jazz in India.

Honda Cars drives in updated Jazz at Rs 7.35 lakh

New Jazz offers amazing value and will surely create fresh excitement in premium hatchback segment.

Many enthusiasts have already started anticipating what kind of goodies the adventure tourer is going to be packed with.

KTM 390 Adventure: list of upcoming accessories

Many enthusiasts have already started anticipating what kind of goodies the adventure tourer is going to be packed with.

BMW, India’s second biggest luxury car maker by sales, on Thursday set another record with best ever half-yearly sales and clocking a double digit growth in Asia’s third largest car market.

BMW posts record sales growth

Its sales jumped 13 per cent at 5,171 cars in India during January to June period, up from the same period last year.

In Other News

Aruna Sundararajan

Suggestions on data privacy timely,says Aruna Sundararajan

Speaking on the sidelines of an event, she said that Trai’s assertion that data belongs .

Domestic airlines flew 17.57 lakh more passengers in June at 113.25 lakh, compared with 95.68 lakh in the same month last year.

Domestic air passenger traffic grows 18.36 pc at 113.25 lakh in June

The passenger load factor in June has shown a declining trend compared to the previous month.

Govt siphons off more than the money it injects into public sector banks.

Fund infusion may not help much, say bankers

Centre infused Rs 1.29 lakh crore as capital into the banking system.

Telecom regulator TRAI has no proposal under consideration to amend the Interconnection Usage Charges (IUC), Communication Minister Manoj Sinha said on Wednesday.

No proposal before TRAI to amend interconnection usage charges

Telecom operators levy interconnection charges on incoming calls from the network of the other operator.

Realtors' body CREDAI has written to the Prime Minister's Office (PMO) for regulating steel prices that have gone up sharply in last two years leading to a rise in construction cost of real estate projects.

Realtors' body CREDAI writes to PMO on steep rise in steel prices

Steel prices have shot upwards from Rs 29,000-32,000 per tonne in 2016 to Rs 51,000-54,000 per tonne.