Retail Inflation, BSE Sensex, Greece bailout deal, Vyapam scam, more
Retail inflation surged to eight month high of 5.4 per cent in June mainly due to costlier food items limiting the room for RBI to cut rates next month.
The retail inflation measured on Consumer Price Index (CPI) was at 5.01 per cent in May. It was at 6.77 per cent in June last year.
Indian market gave the Greece deal a big thumbs-up with the benchmark BSE Sensex rising 300 points for the second day to 27,961.19 -- its biggest single-day gain in three weeks -- driven by across-the-board buying activity and tracking upbeat global stocks. Profit-booking at improved levels dragged it down below the 28,000-mark, which settled at 27,961.19, a rally of 299.79 points, or 1.08 per cent, its biggest single-session gain since June 22 when it had rallied 414.04 points.
The 50-share Nifty recaptured the 8,400-level to hit a high of 8,471.65, before settling higher by 99.10 points, or 1.19 per cent, at 8,459.65.
The rupee ended lower by 13 paise at 63.52 against the US dollar on fresh demand for the American currency from banks and importers on a higher greenback in the overseas market amidst fall in crude oil prices.
Gold prices rose by Rs 20 to Rs 26,350 per 10 grams at the bullion market today on scattered buying by jewellers even as metal weakened in overseas markets. Silver, however, declined by Rs 100 to Rs 35,650 per kg on reduced offtake by industrial units and coin makers along with a weak global trend.
Coal Stock Position at various Thermal Power Stations.
Eurozone leaders today struck a deal on plans for a bailout to prevent debt-stricken Greece from crashing out of the euro after Athens bowed to draconian demands for reform. (13/07/2015)
After gruelling 17-hour talks during which the future of the European project hung in the balance, leftist Greek Prime Minister Alexis Tsipras accepted terms set by his mistrustful partners. (13/07/2015)
Narendra Modi is going all out to promote Make In India and other flagship programmes. A cartoon by Rohnit Phore.
A bench headed by Chief Justice of India H L Dattu, on July 9, had transferred the probe of all cases related to Vyapam scam to the CBI from Monday asking the investigating agency to file its report before it on July 24.
Opposition Congress has questioned Madhya Pradesh Chief Minister Shivraj Singh Chouhan’s statements claiming credit for initiating probe into Vyapam scam, and alleged that he tried to “cover up” the scandal for many years.
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