Retail inflation inched up to 7 per cent in August from 6.71 per cent in July, mainly due to higher food prices, government data showed on Monday. The consumer price index-based inflation is above the Reserve Bank’s comfort level of 6 per cent for the eighth month in a row. According to the data, inflation in the…
India’s electricity demand grew 2.2% in November, slower than the 4.1% increase in October, a Reuters analysis of government data showed, helping the energy-hungry nation tide over a crippling coal shortage that caused widespread power cuts. Surging power demand and high global prices in October left utilities…
Indian shares opened near record highs on Tuesday after data showed the country’s retail inflation eased to a four-month low, while Zee Entertainment surged 10% after top investors sought the removal of its chief executive from its board. The blue-chip NSE Nifty 50 index was up 0.3% at 17,407.65 by 9:16 am, and…
Indian shares hit all-time highs on Wednesday, helped by financials and automaker stocks, and after data showed the economy grew more than 20% in the June-quarter. The blue-chip NSE Nifty 50 index was up 0.22% at 17,170.25 by 9:17 am and the benchmark S&P BSE Sensex rose 0.24% to 57,687.67. Both the indexes…