New Delhi, Jun 16 (PTI) Following are the top business stories at 2040 hours:
DEL35 BIZ-INFLATION-2NDLD WPI
* WPI inflation dips to 14-month low of 0.39 pc in May on easing food, fuel prices
New Delhi: Wholesale price inflation (WPI) declined to a 14-month low of 0.39 per cent in May on easing prices of food articles and fuel, and experts said geopolitical tensions could push up prices. *
DEL65 BIZ-LD TRADE
* Exports fall 2.17 pc to USD 38.73 bn in May; trade deficit narrows to USD 21.88 bn
New Delhi: After registering a positive growth for two months, India's exports slipped into negative territory again, contracting 2.17 per cent year-on-year to USD 38.73 billion in May due to a fall in global petroleum prices, while trade deficit narrowed at USD 21.88 billion during the month. *
DEL70 BIZ-2ND LD INDIA-US-TRADE
* Would like to conclude early tranche of trade pact with US before July 9: Commerce Secy
New Delhi: Negotiations for the proposed India-US trade agreement are in good progress and the two sides are expected to agree on an early tranche of the pact before July 9, a top government official said on Monday. *
DCM78 BIZ-UNEMPLOYMENT
* Unemployment rate rises to 5.6 pc in May, female joblessness higher at 5.8pc
New Delhi: The rate of unemployment in the country, measured in monthly term, rose to 5.6 per cent in May from 5.1 per cent in April this year mainly due to seasonal variation, showed the government data released on Monday. *
DEL59 AVI-LD-AIRINDIA-CHANDRA
* Need to stay on course, Tata Sons chairman tells Air India employees
Mumbai: Tata Sons and Air India Chairman N Chandrasekaran on Monday urged Air India employees to stay on course in the wake of the airline's plane crash in Ahmedabad last week, terming the accident the most "heartbreaking" crisis of his career, according to sources. *
DEL12 BIZ-LD KANT-RESIGNATION
* Amitabh Kant resigns as G20 Sherpa
New Delhi: Amitabh Kant, who managed diverse assignments during his 45 years in government service, has resigned as the G20 Sherpa. *
DEL48 BIZ-LD-STOCKS
* Sensex, Nifty rebound nearly 1 pc on value buying, global share rally
Mumbai: Shrugging off geopolitical concerns amid escalating tensions between Israel and Iran, stock markets rebounded by nearly 1 per cent on Monday following value buying in oil & gas and IT shares and gains in other Asian markets as Brent crude oil prices dropped. *
DEL73 BIZ-LD RUPEE
* Rupee rises 7 paise to close at 86.04 against US dollar
Mumbai: The rupee rose 7 paise to settle at 86.04 against the US dollar on Monday amid a strong show at the domestic equity markets, weakening dollar, and easing of global crude oil prices. *
DCM27 BIZ-SBI-RATE
* SBI reduces interest rates by up to 50 bps after RBI rate action
New Delhi: The country's biggest lender State Bank of India (SBI) has reduced its lending rate by 50 basis points following the Reserve Bank's policy rate cut, making loans cheaper for both existing and new borrowers. *
DEL54 BIZ-IRAN-ISRAEL-INDIA TRADE
* Iran-Israel war: Govt to meet stakeholders this week to assess impact on India's trade
New Delhi: The government is closely monitoring the situation arising from the Iran-Israel conflict, and a meeting with shipping lines, container firms, and other stakeholders will be held this week to assess the impact on the country's overseas trade and address any issue, a top official said on Monday. *
DEL67 BIZ-FATF-LD PAHALGAM ATTACK
* FATF condemns Pahalgam attack; to soon release case reports on state-sponsored terror funding
New Delhi: Condemning the brutal Pahalgam terror attack in April, global watchdog FATF on Monday said it has enhanced its focus on the steps that the countries have taken to combat terror financing, and will soon release a report on terror financing cases, including state-sponsored terrorism. *
DCM50 BIZ-2NDLD-PV-SIAM
* Domestic passenger vehicle wholesales marginally down at 3,44,656 units in May: SIAM
New Delhi: Domestic passenger vehicle wholesales were marginally down 0.8 per cent at 3,44,656 units in May this year as compared to 3,47,492 units in the same month last year, as vehicle sales across categories showed stable performance, Society of Indian Automobile Manufacturers said on Monday. *
DEL51 BIZ-GOLD-PRICE
* Gold falls Rs 170 to Rs 1,01,370/10 g amid weak global cues
New Delhi: Gold prices fell Rs 170 to Rs 1,01,370 per 10 grams in the national capital on Monday amid weak global trends, according to the All India Sarafa Association. *