Business
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
Indian IT industry not H-1B dependent, says Infosys CEO
Infosys CEO Vishal Sikka has refuted the general impression that the Indian IT industry is overly dependent on H-1B visas for its business mode, amid the Trump administration's crackdown on firms abusing the visa system to hire foreign workers on a low wage. Sikka also believes that the Indian IT companies need to grab the opportunities provided by new technologies like artificial intelligence in a big way to retain its global leadership edge in this fast changing infotech environment
RBI sets rupee reference rate at 64.6025 against dollar
The Reserve Bank of India today fixed the reference rate of the rupee at 64.6025 against the US dollar and 71.9413 for the euro
Tractor industry may record volume growth of 10% in FY18:ICRA
The Indian tractor industry is expected to record a volume growth of 9-10 per cent in the current financial year, mainly supported by healthy monsoon, according to rating agency ICRA. "Healthy monsoon expectation, coupled with good reservoir levels, augurs well for farm output in the current fiscal