New Delhi, Dec 16 () Following are the top business stories at 1820 hours:
DEL73 BIZ-RBI LD-DAS RBI saw growth slowdown, acted ahead of time by cutting rates from Feb: Das Mumbai: RBI Governor Shaktikanta Das on Monday said the central bank saw economic growth slowdown in February, prompting it to cut rates ahead of the curve and wondered why markets were surprised with the decision to pause rate reduction.
DEL140 BIZ-FM-GST Centre will not renege on GST compensations: Sitharaman Mumbai: Union Finance minister Nirmala Sitharaman on Monday assured states that the Centre will not "renege" on the promise of GST compensations.
DEL141 BIZ-SBI-2ND LD ESSARSTEEL Essar Steel resolution to boost Q3 earnings with Rs 12,000 cr recovery: SBI chief New Delhi: State Bank of India (SBI) Chairman Rajnish Kumar on Monday said the resolution of Essar Steel will boost profitability of the bank by about Rs 12,000 crore in the third quarter of the current financial year.
DEL123 BIZ-VEGGIES-PRICE RISE Not only onion, prices of potato and other veggies on rise New Delhi: Not just onion, retail prices of potato and other vegetables have also shot up in the national capital on Monday as recent winter rainfall has damaged some of the crops, according to traders.
DEL178 BIZ-LD STOCKS Sensex retreats from record high; ends 71 pts lower as FMCG, energy stocks crack Mumbai: Market benchmark Sensex declined by 71 points to close at 40,938.72 on Monday, dragged by losses in energy, FMCG and auto stocks amid weak macroeconomic numbers.
DEL184 BIZ-LD INFLATION-WPI Wholesale inflation rises to 0.58 pc in Nov with onion remaining sore point New Delhi: Wholesale inflation rose to 0.58 per cent in November mainly on account of rising prices of food articles, with onion alone spurting by over 172 per cent during the month vis-a-vis a year ago, government data showed on Monday. DCM29 BIZ-ECOMMERCE-DATA E-commerce policy to be finalised after passage of data Bill in Parliament:Official New Delhi: The government will finalise the e-commerce policy once the Personal Data Protection Bill, which lays down the guidelines for data processing, is approved by Parliament, a top official said on Monday.
DEL169 BIZ-RUPEE-CLOSE Rupee settles 17 paise down at 71 vs US dollar Mumbai: The rupee reversed all its early gains and settled 17 paise down at 71.00 against the US currency on Monday, following rising crude oil prices and fag-end selling in domestic equities.
DCM5 BIZ-MOODYS-GROWTH India's weak household consumption to curb economic growth: Moody's New Delhi: Moody's Investors Service on Monday said that India's weak household consumption will curb economic growth and weigh on the credit quality of Indian issuers in a range of sectors.
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