ALSO READIndia's cash crunch tamps down retail inflation Higher fuel prices drive up India's inflation to five-month high India's retail inflation picks up to 3.65 percent in February Retail inflation cools to 3.41 percent in December India's retail inflation cools to five-year low of 3.17 percent in January
Following are the top business stories at 1800 hours today: DEL 35 BIZ-LD STOCKS Mumbai: Stocks were restrained in their movement today ahead of the US Fed policy decision as the Sensex saw deep fluctuations, but managed to close with an upward bias taking cues from a falling inflation. DEL24 BIZ-LD INFLATION New Delhi: Cheaper vegetables, along with pulses and meat, dragged down wholesale inflation for May to a five-month low of 2.17 per cent, putting pressure on the RBI to relax interest rate. DEL18 BIZ-CAB-LD AGRI LOAN New Delhi: Farmers will continue to get short-term crop loans up to Rs 3 lakh at an interest rate of 7 per cent and prompt repayers at 4 per cent as the government today approved extending a scheme with Rs 20,339 crore funds to make available cheaper loans to the farming community. DCM23 BIZ-MALLYA New Delhi: After mocking India saying "keep dreaming about a billion pounds", fugitive loan defaulter Vijay Mallya took on the media for running an "intense hate campaign" against him. DCM50 BIZ-GSTN-REGISTRATION New Delhi: If you have not been able to register on the GST Network within the deadline ending tomorrow, do not panic! There's one more chance coming your way as the registration for existing excise, service tax and VAT payers will reopen on June 25. DCM60 BIZ-TELECOM-IMG-BANKS New Delhi: Four large banks that met an inter-ministerial group (IMG) today expressed concern over "stress" in the telecom sector and flagged the possibility of loan default by operators. DCM45 BIZ-RCOM New Delhi: Reliance Communications Chairman Anil Ambani will not take any salary or commission in the current financial year as the company is reeling under huge debt and credit downgrades.
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