New Delhi, Aug 14 (PTI) Following are the top business stories at 2100 hours:
DEL26 BIZ-INFLATION-LD WPI
* WPI inflation declines to 2-year low of (-) 0.58 pc in July
New Delhi: Wholesale price inflation declined to a 2-year low of (-) 0.58 per cent in July, as deflation in food and fuel kept WPI in the negative zone for the second consecutive month, government data released on Thursday showed. *
DEL130 BIZ-2NDLD TRADE
* Exports rise 7.29 pc to USD 37.24 bn in July; trade deficit widens to 8-month high of USD 27.35 bn
New Delhi: Snapping the two-month declining streak, India's exports rebounded by 7.29 per cent to USD 37.24 billion in July, while trade deficit widened to an eight-month high of USD 27.35 billion during the month. *
DEL82 BIZ-INDIA-US-LD TRADE
* Status of US team visiting India for trade talks to be known closer to scheduled date: Commerce Secy
New Delhi: The status of a US delegation visiting India for the next round of bilateral trade talks will be known closer to the scheduled date of August 25, Commerce Secretary Sunil Barthwal said on Thursday. *
DEL80 BIZ-S&P-2ND LD INDIA
* S&P upgrades India's rating after over 18 years to 'BBB' on robust economic growth, better finances
New Delhi: S&P on Thursday upgraded India's sovereign credit rating to 'BBB' with a stable outlook after over 18 years, citing robust economic growth, political commitment for fiscal consolidation and 'conducive' monetary policy to check inflation. *
DEL139 BIZ-ANNUAL TOLL PASS
* Annual FASTag pass of Rs 3,000 for private vehicles goes live from Friday
New Delhi: The annual highway toll pass of Rs 3,000 for private cars, jeeps, and vans will be rolled out from Friday. *
DEL119 BIZ-INDIA-RUSSIA-OIL
* No pause on Russian oil imports, India continues imports based on economic rationale
New Delhi: India has not halted oil purchases from Russia in response to the US President's tariff threat and continues to buy based solely on economic considerations, said AS Sahney, Chairman of Indian Oil Corporation (IOC), the country's largest oil firm. *
DCM113 BIZ-RESULTS-LD IOC
* IOC Q1 net profit doubles on operational efficiency, higher cracks
New Delhi: State-owned Indian Oil Corporation Ltd (IOC) on Thursday reported that its net profit more than doubled in the first quarter, driven by a surge in product margins and record operational performance. *
DEL75 BIZ-LD-STOCKS
* Stock markets end flat after volatile session as investors await outcome of US-Russia talks
Mumbai: Benchmark stock indices Sensex and Nifty ended flat in a highly volatile trade on Thursday as investors turned cautious ahead of the US-Russia talks on August 15. *
DEL135 BIZ-LD RUPEE
* Rupee falls 12 paise to close at 87.59 against US dollar
Mumbai: Rupee pared initial gains and settled for the day on a negative note, lower by 12 paise at 87.59 against the US dollar on Thursday, as it came under pressure due to continued dollar demand from importers. *
DEL140 BIZ-S&P-FINMIN
* S&P rating upgrade significant affirmation of India's economic trajectory, fiscal management: Finmin
New Delhi: The sovereign rating upgrade by S&P on Thursday is a significant affirmation of India's economic trajectory and prudent fiscal management, the finance ministry said. *
DCM26 BIZ-BSNL
* Govt lines up Rs 47,000 cr capex to boost BSNL network: DoT
New Delhi: The government is ready with another Rs 47,000 crore capex plan to boost BSNL's network, the Department of Telecom said on social media platform X on Thursday. *
DCM130 BIZ-NPCI-LD COLLECT
* NPCI to stop UPI P2P 'collect requests' from Oct 1 to combat fraud
New Delhi: National Payments Corporation of India (NPCI) has asked banks and payment apps to stop all peer-to-peer (P2P ) 'collect requests' on UPI from October 1 in a bid to combat financial fraud. *
DEL65 BIZ-GOLD-PRICE
* Gold climbs Rs 400 to Rs 1,01,420, silver rallies Rs 1,500
New Delhi: Gold prices climbed Rs 400 to Rs 1,01,420 per 10 grams in the national capital on Thursday on fresh buying by stockists in line with firm global trends, according to the All India Sarafa Association. *