SENSEX, NIFTY END FLAT ON WEAK GLOBAL CUES, RBI BOARD MEET
MUMBAI: Equities finished with modest gains after a see-saw session on Friday as investors remained on the sidelines amid a crucial central board meeting of the Reserve Bank of India (RBI). Asian markets skidded as concerns over global growth and the protracted Us-china trade dispute sapped risk appetite. The BSE Sensex ticked higher by 33.29 points, or 0.09%, to end at 35,962.93 in choppy trade. The broader NSE Nifty rose 13.90 points, or 0.13%, to 10,805.45. This is the fourth straight session of gain for the benchmarks.
WPI inflation falls to 4.64% in Novmber
NEW DELHI: India’s wholesale inflation fell to a three-month low of 4.64% in November, driven down by decline in prices of food articles, especially vegetables, and some easing in rates of petro products. The Wholesale Price Index (Wpi)-based inflation stood was 5.28 % in October and 4.02% in November last year. Food articles witnessed softening of prices with deflation at 3.31 % in November, against 1.49% in October, government data released on Friday showed. Vegetables, too, became cheaper with deflation at 26.98% in November, compared to 18.65% in the previous month. Inflation in the ‘fuel and power’ basket in November continued to rule high at 16.28%, but was lower than 18.44% in October.
‘PSBS recovered NPAS worth ₹2.33 tn in 4 years’
NEW DELHI: Public sector banks (PSBS) recovered ₹2.33 lakh crore worth of bad loans during the four years from financial year 2014-15 to fiscal 2017-18, Parliament was informed on Friday. As per RBI data on global operations for PSBS, during the financial years 2014-15 to 2017-18, PSBS recovered ₹2,33,339 crore, of which ₹32,693 crore was from written-off accounts, minister of state for finance Shiv Pratap Shukla said in a written reply in Lok Sabha. He was responding to a question asked on non-performing assets (NPAS) and write-offs by PSBS during April 2014 to April 2018 and the amount recovered by them.
Ducati enters pre-owned bike market in India
NEW DELHI: Italian superbike maker Ducati on Friday announced its foray into pre-ownned market in India through its Ducati Approved programme. Under the programme, only bikes less than 5 years old with certified mileage lower than 50,000 km are allowed to be sold after undergoing 35 technical checks, the company said in a statement. “Our entry in the pre-owned segment in India will make Ducati more accessible to passionate bikers who aspire for the luxurious and premium experience offered by Ducati motorcycles,” Ducati India MD Sergi Canovas said. Ducati Approved is a certified pre-owned motorcycle programme wherein firm’s qualified service technicians select and inspect every bike, certifying its history.
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