Business highlights

New Delhi, Jan 14 () Following are the top business stories at 1820 hours: DEL42 BIZ-LD INFLATION WPI Wholesale inflation rises to 2.59 pc in Dec on costlier veggies New Delhi: Wholesale prices based inflation surged to an eight-month high of 2.59 per cent in December, as against 0.58 per cent in November due to sharp rise in prices of food articles like onion and potato.

DEL47 BIZ-LD STOCKS Sensex, Nifty scale record highs for 2nd day on earnings optimism Mumbai: Market benchmark indices Sensex and Nifty closed at life-time high levels for the second day in a row on Tuesday following gains in index-heavyweights HDFC, ITC, Axis Bank and TCS.

DEL54 BIZ-LD PASWAN-ONIONS States shun imported onions; Centre fears stock may rot New Delhi: Forced to import onions to check spike in prices, the Union Government now fears that the key kitchen staple may rot in godowns as states have shown little interest in buying them despite its offer to bear transportation cost. DCM22 BIZ-RESULTS-WIPRO Wipro Q3 net profit dips 2.17 pc to Rs 2,456 cr New Delhi: IT services major Wipro on Tuesday posted 2.17 per cent dip in consolidated net profit to Rs 2,455.9 crore for December 2019 quarter.

DCM30 BIZ-PASWAN-HALLMARKING Jewellers to sell only 14, 18, 22 carat hallmarked gold jewellery from Jan 2021: Paswan New Delhi: Jewellers can sell only hallmarked jewellery and artefacts made of 14, 18 and 22 carat gold from January 15, 2021 and violation of this will attract penalty and imprisonment of one year, Consumer Affairs Minister Ram Vilas Paswan said on Tuesday.

DCM27 BIZ-INFLATION-RBI Retail inflation may force RBI to hold rates: Report Mumbai:Retail inflation, which accelerated to 7.35 per cent in December and could breach 8 per cent in January, may force the Reserve Bank of India to hold rates in the monetary policy review next month, according to a report.

DEL55 BIZ-LD RUPEE Rupee cuts short 5-day gaining streak; edges down 1 paise to 70.87 against dollar Mumbai: Snapping its five-day winning run, the rupee on Tuesday slipped by 1 paise to close at 70.87 against the US dollar ahead of the signing of the US-China trade deal and weak macro economic data on the domestic front.

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