Business highlights

New Delhi, Jan 13 () Following are the top business stories at 1818 hours:

DEL70 BIZ-INFLATION Retail inflation jumps to 7.35 pc in Dec, crosses RBI's comfort level New Delhi: Retail inflation jumped sharply to 7.35 per cent in December 2019, surpassing the RBI's comfort level, mainly due to high food prices, a government data showed on Monday.

DCM26 BIZ-LD WALMART-LAYOFF Walmart sacks 56 employees, including 8 top execs; says no plan to exit India New Delhi: World's largest retailer Walmart Inc on Monday said it has sacked 56 of its executives in India, including eight from senior management level, as it restructures its business in the country.

DEL57 BIZ-RUPEE-CLOSE Rupee extends gains by 8 paise to 70.86 against US dollar Mumbai: The rupee rose 8 paise to settle at 70.86 against the US dollar on Monday as investor sentiment strengthened amid positive global cues and gains in domestic equity market.

DCM38 BIZ-GST-FRAUD Revenue dept detects 931 GST fraud cases through data analytics New Delhi: The Department of Revenue has identified 931 cases of fraudulent GST refund claims through data analytics and has now tasked the GST data analytics wing to scrutinise all past and pending refund claims filed all over the country for inverted duty structure, sources said.

DEL55 BIZ-LD STOCKS Benchmarks soar to record highs on earnings, global cues; Infy rallies 5 pc Mumbai: The Sensex and Nifty vaulted to record highs on Monday as investors scooped up tech, banking and metal stocks amid a rally in global markets in anticipation of the US-China trade deal.

DCM37 BIZ-SEBI-LD CMD Sebi extends deadline to Apr 2022 to split CMD post New Delhi: Markets regulator Sebi has deferred by two years to April 2022 its directive for listed companies to split the roles of chairman and managing director in view of demand from corporates and to keep compliance burden lower in the wake of the current economic scenario.

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