BUSINESS HIGHLIGHTS

New Delhi, May 14 (PTI) Following are the top business stories at 2055 hours:

     DEL36 BIZ-LD-WPI-INFLATION
     * WPI inflation dips to 13-month low of 0.85 pc in April
     New Delhi: Wholesale price inflation dropped to a 13-month low of 0.85 per cent in April with softening in prices of food articles, fuel and manufactured products, with experts projecting further easing in the data of next month, government data showed on Wednesday. *
    
     DEL55 CAB-LD FOXCONN
     * Cabinet approves Rs 3,706 crore HCL-Foxconn display chip plant to be set up in UP
     New Delhi: The Union Cabinet on Wednesday approved a Rs 3,706 crore semiconductor plant at Jewar in Uttar Pradesh, to be set up by the HCL-Foxconn joint venture to manufacture display driver chips for mobile phones, laptops, and automobiles. *

     DEL76 BIZ-2NDLD INDIA-TURKEY-TRADE-EXPLAINER
     * Explainer: India's trade relations with Turkiye and Azerbaijan amid Pakistan conflict
     New Delhi: India's trade relations with Turkiye and Azerbaijan are expected to come under strain due to Ankara and Baku backing Islamabad and condemning India's recent strikes on terror camps in Pakistan. *

     DEL59 BIZ-AMBANI-TRUMP
     * Ambani flies to Qatar to meet Trump, 2nd meeting since inauguration
     New Delhi: Richest Asian Mukesh Ambani is flying to Doha to meet US President Donald Trump, his second meeting since Trump returned to presidency in January this year. *

     DEL25 BIZ-CHINESE MEDIA-LD X
     * China's Global Times, Xinhua X-account handles blocked in India
     New Delhi: The X account handles of Global Times and Xinhua on Wednesday showed that it has been withheld in India in response to a legal request. *

     DEL68 BIZ-LD STOCKS
     * Markets end higher as inflation cools to 6-yr low in Apr; metal shares shine
     Mumbai: Equity benchmark indices Sensex and Nifty ended higher in a volatile trade on Wednesday due to selective buying support amid easing inflation and positive global cues. *

     DEL87 BIZ-LD RUPEE
     * Rupee gains 4 paise to settle at 85.32 against US dollar
     Mumbai: The rupee pared most of its initial gains and ended the day higher by 4 paise at 85.32 against the American currency on Wednesday, supported by gains in domestic equities and positive macroeconomic data. *

     DEL63 BIZ-GOLD-PRICE
     * Gold declines Rs 650 to Rs 96,850/10 gm amid weak global cues
     New Delhi: Gold prices declined Rs 650 to Rs 96,850 per 10 grams in the national capital on Wednesday amid a weak trend in global markets, according to the All India Sarafa Association. *

(This story has not been edited by THE WEEK and is auto-generated from PTI)