New Delhi, May 13 (PTI) Following are the top business stories at 2010 hours:
DEL106 BIZ-LD INFLATION
* Inflation cools to 6-yr low of 3.16 pc in April; sparks more rate cut hopes
New Delhi: Retail inflation eased to a nearly six-year low of 3.16 per cent in April mainly due to subdued prices of vegetables, fruits, pulses, and other protein-rich items, creating enough room for the Reserve Bank to go for another round of rate cut in the June monetary policy review. *
DEL104 BIZ-2NDLD INDIA-US-GOYAL
* Goyal to lead team of officials to Washington for trade talks from May 17
New Delhi: Commerce and Industry Minister Piyush Goyal will lead a team of senior Indian officials to Washington starting May 17 for discussions with their US counterparts on the proposed bilateral trade agreement (BTA), an official said on Tuesday. *
DEL96 BIZ-LD-STOCKS
* Stock markets take breather after sharp rally, Sensex tanks 1,282 pts as IT shares retreat
Mumbai: Stock markets tumbled on Tuesday with benchmark Sensex falling by 1,282 points due to profit-taking in IT, auto and private banking shares a day after a record rally. *
DEL137 BIZ-LD RUPEE
* Rupee ends flat against US dollar
Mumbai: The rupee reversed early gains to settle flat at 85.36 against the US dollar on Tuesday, as rising crude oil prices prompted importers to raise hedging amid weakness in Asian currencies. *
DCM93 BIZ-LD RESULTS-TATA MOTORS
* Tata Motors Q4 profit declines 51 pc to Rs 8,556 cr
New Delhi: Tata Motors on Tuesday reported a 51 per cent decline in consolidated net profit to Rs 8,556 crore for the March quarter, hit by lower volumes and operating leverage. *
DCM107 BIZ-RESULTS-AIRTEL
* Bharti Airtel Q4 profit jumps multifold to Rs 11,022 cr
New Delhi: Telecom operator Bharti Airtel posted about fivefold jump in consolidated net profit to Rs 11,022 crore in the March quarter, mainly account of tariff hike impact. *
DEL100 BIZ-GOLD-PRICE
* Gold surges Rs 950 to Rs 97,500/10 g amid firm global cues
New Delhi: Gold price rallied by Rs 950 to Rs 97,500 per 10 gram in the national capital on Tuesday amid firm trend in overseas markets, according to the All India Sarafa Association. *