Business

As per the data released by the Central Statistics Office (CSO), the inflation in the food basket was 2.36 per cent in July, marginally up from 2.25 per cent in the previous month.

At 10.45 am, the S&P BSE Sensex was up 27 points, or 0.07%, to 37,608.68, while the Nifty inched up 9 points, or 0.08%, to 11,118.70.

Reliance has also seen a three-fold rise in per-store productivity in the last five years. In 2018, Reliance Retail sold a TV every four seconds and a phone every two seconds, Mukesh Ambani said.

Mukesh Ambani made some big announcements, including the much-awaited launch of Jio GigaFiber services from September 5.

Aramco said total revenues including other income related to sales were at $163.88 billion in the first half of this year, down from $167.68 billion a year earlier.

Cathay shares lost 4.37 per cent to HK$9.85 by the break in Hong Kong, with the carrier's parent company Swire Pacific Ltd. plunging 5.26 per cent to HK$77.50.

The higher tax surcharge on the super-rich - that came into force with the President signing the Finance Bill (2), 2019 into law on August 1 - flustered FPIs and resulted in withdrawal of funds worth $1.93 billion in July.

Besides permission to travel outside India, Goyal has also challenged a look out circular (LOC) issued against him on the ground that as on May 25, when he was de-boarded from a flight to Dubai, no ECIR/FIR was registered against him.

At the interbank foreign exchange, the rupee witnessed high volatility against the US dollar. The local unit opened strong at 70.80 and touched a high of 70.71 and a low of 70.83 against the American currency in early trade on Thursday.

The communication comes against the backdrop of Damodaran's response to a letter by co-promoter Rakesh Gangwal to the board wherein the latter has said there are 'serious unresolved issues' and opposed expanding the board to have 10 members.

The premium coffee chain has expanded its footprint in India by entering Gujarat with five new stores in Ahmedabad and Surat on Wednesday.

RBI governor Shaktikanta Das, in his interaction with the media after the policy meeting, made quite a few interesting statements, giving an insight into the central bank’s priorities and challenges going ahead.

The rupee is forecast to gain nearly 2% to trade at 69.60 per dollar in a year from Monday's low of 70.82. That marks the most optimistic 12-month outlook for the currency since August 2018.

After cracking over 700 points, the Sensex pared some losses to trade 396.85 points, or 1.07 per cent, lower at 36,721.37. It hit a low of 36,416.79 and a high of 36,844.05.

There have been reports that Deloitte Haskins & Sells and the company's second auditor, Chaturvedi & Shah, may quit due to unsatisfactory responses from the company to their queries related to fund deployment.

Due to the shutdown since July 24, the MCL has incurred cumulative operational losses up to 21.04 lakh tonne of coal, 24.20 lakh tonne of despatch and 20.54 lakh cubic metre of over burden removal while its coal value loss stands at Rs 213.60 crore.