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News digest: INS Kiltan joins Navy, wholesale inflation falls, and more

From markets sparkle ahead of Diwali to five suitors put in bids for stake in JP Power, BS brings up to date with latest news

BS Web Team  |  New Delhi 

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Markets sparkle ahead of Diwali as Sensex, Nifty gain 0.6% each

The Diwali week started on a positive note with the benchmark Sensex and Nifty indices ending at new record highs. Positive global markets and the ebbing of foreign investor selling saw the benchmark indices gain 0.6 per cent and the rupee appreciate 0.3 per cent against the dollar. Read more

Like all its predecessors, INS Kiltan joins with major vulnerabilities

Like numerous Indian warships before it, the navy’s newest anti-submarine warfare (ASW) corvette, INS Kiltan, joined the fleet on Monday without equipment crucial for discharging its primary role – detecting and destroying enemy submarines. Read more

falls to 2.6% in September

The Wholesale Price Index (WPI)-based inflation data released on Monday provided yet another indicator of improving macroeconomic parameters.
 fell to 2.60 per cent in September from 3.24 per cent in August due to a subdued rate of price rise in food items, particularly vegetables.  Read more

calls for better access to currency swap lines

The governor of the Reserve Bank of India on Sunday called on major central banks to extend their network of currency swap lines deep into emerging markets, saying a type of “virtual apartheid” in the provision of foreign currencies hampers efforts to fight financial instability. Read more

Five suitors put in bids for stake in JP Power

Five investors have put in their bids to buy at least a 30 per cent stake in debt-ridden Jaiprakash Power Ventures (JPVL), according to sources close to the development. While 11 players had initially evinced interest in picking up a stake in JPVL, that number has now shrunk to five. Read more

Four months into GST, transporters yet to see 30% reduction in travel time

Various claims have been made on reduction in the transit time of trucks in delivering A reduction of as much as 30 per cent in the of trucks has been indicated by the government and credit for this has gone to the introduction of the and the consequent removal of interstate checkposts. Read more

First Published: Tue, October 17 2017. 03:39 IST
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