Business
WPI inflation rises sharply to 1.88% in July
New Delhi: Wholesale inflation rose to 1.88 per cent in July as prices of some commodities increased in the first month of Goods and Services Tax (GST) rollout. Inflation based on the wholesale price index (WPI) was 0.90 per cent in June 2017 and 0.63 per cent in July 2016. The government data released today showed that prices of food articles went up by 2.15 per cent in July on a yearly basis.
Rupee up 3 paise at 64.32 on sustained dollar-selling
Mumbai: The rupee firmed up by three paise to 64.32 against the dollar on increased selling of the American currency by exporters and banks amid higher inflows of foreign funds.
Rupee goes up 11 paise to 64.34 against US dollar
Mumbai: The rupee strengthened 11 paise to trade at 64.34 against the US dollar in the morning session today riding on higher foreign funds inflows. The domestic currency received a boost from fresh selling of the American unit by exporters and banks amid a better opening in domestic equities.
WPI inflation falls sharply to 0.90% in June, food prices ease
Wholesale inflation fell to 0.90 per cent in June -- the lowest in at least eight months -- as prices in food articles, including vegetables, declined. Inflation based on the wholesale price index (WPI) was 2.17 per cent in May 2017 and (-)0.09 per cent in June 2016
Sensex at new record high,Nifty tops 9,800 ahead of macro data
The benchmark Sensex today advanced by 57 points to end at all-time high of 31,804.82 and the Nifty closed above the 9,800-mark for the first time as banking, oil & gas and auto stocks advanced
Reliance Jio Launches New Plans; Jio Dhan Dhana Dhan Benefits Continue With Rs. 399 Pack
Mumbai: Reliance Jio has launched new plans for prepaid and postpaid users as the Jio Summer Surprise comes to an end. The operator has extended its Jio Dhan Dhana Dhan offer with the new Rs. 399 pack, continuing the low-cost services for another three recharge cycles. Along with launching new Jio plans, the company has revised its existing plans by extending their validities and increasing the bundled data while keeping the prices the same. This is the revision of Jio plans since April, when the company phased out the Rs. 303 and Rs. 499 packs in favour of the Rs. 309 and Rs. 509 packs.
Sensex slips from record; FMCG, banking weigh
Mumbai: Market today moved lower from its all-time peak as participants were quick to take profit amid a lacklustre trend overseas. Stocks of FMCG, capital goods, banking, IT and realty remained subdued. The 30-share index, which had closed at a record high of 31,369.34 yesterday, was down 56.84 points, or 0.18 per cent at 31,312.50.
Paytm Mall helps car and bike dealers get online
Paytm Mall is helping car and bike dealers come online by digitising their catalogues, and is also boosting online discovery through QR codes. This has helped over a thousand dealerships across the country to reach a wider set of customers
Visa row: Infosys reaches $1-mn settlement with NY State
Infosys has reached a settlement for USD 1 million with the state of New York for "systematically abusing" the H1-B work visa programme, allegations that Infosys has denied. The development comes just days ahead of Prime Minister Narendra Modi meeting US President Donald Trump, where he is expected to take up the issue of H1-B visas for skilled workers
Not pessimistic on IT jobs, startups should help: Patel
Reserve Bank Governor Urjit Patel today said he is not "overly pessimistic" about employment scenario in the IT sector, pointing out that mushrooming startups can compensate for job losses. The comments came almost simultaneously with industry lobby Nasscom guiding towards a slowdown in export revenue growth at 7-8 per cent in 2017-18 as against the 8.6 per cent achieved last fiscal