 "News digest: Sensex at record high, Idea-Voda merger, inflation, and more")
Sensex scales new high amid drop in oil prices
Sharp gains in index-heavyweight Reliance Industries (RIL), along with positive global cues, propelled the benchmark Sensex to a lifetime high on Thursday. Read more
Idea may move TDSAT against DoT demand
Idea Cellular is looking at the option of moving the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) against the Union government following a steep demand notice issued by the Department of Telecommunications (DoT) while giving a conditional clearance to its merger with Vodafone India, said a source close to the development. Read more
Growth, inflation come as twin shocks for economy
The economy showed worrying signs as industrial growth slumped in May and retail inflation picked up in June, presenting a difficult choice on the policy rate front for the monetary policy committee (MPC) before its meeting next month. Read more
Navi Mumbai airport Phase I cost escalates by 50% to Rs 135.6 billion
The first phase of Navi Mumbai airport will now cost Rs 135.6 billion, which is about 50 per cent higher than the earlier estimate of around Rs 90 billion made by the planning authority. Read more
KKR-backed Avendus joins race to buy IDFC Mutual Fund
Global private equity major KKR-backed Avendus Capital and BlackRock are among the two front runners to buy IDFC Mutual Fund (MF), said two sources. Read more
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