Mon, Feb 27, 2017 | updated 09:22 PM IST

Nifty, Sensex up as June WPI hardens to 1.62 pct YoY

Updated: Jul 14, 2016 13:45 IST

New Delhi, July 14 (ANI): Equity benchmarks gained strength in the afternoon trade with the Nifty reclaiming 8,550 for the first time since August 11, 2015, as it rose 21.65 points to 8,541.15.

On the other hand, Sensex was up 71.50 points at 27,886.68 after the India's wholesale price index (WPI) rose 1.62 percent year-on-year in the month of June as compared to 0.79 percent in May.

The increase was driven by increases in food articles, minerals as well as fuel and power, apart from the base effect.

The primary articles index was up 2.9 percent while non-food articles rose 2.1 percent.

Minerals group and fuel and power were up 6.9 percent and 3.4 percent respectively. Manufactured products were up 0.2 percent, indicating pricing power of India Inc is yet to recover following one-and-a-half years of deflation that ended a few months back. (ANI)

New Delhi [India], Feb. 27 (ANI): Kritika Dahal, Director of Hongkong-based International Rising Limited was arrested by the Enforcement Directorate on charges of money laundering.

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Jaitley opens trading on London Stock Exchange

Updated: Feb 27, 2017 19:31 IST

London [United Kingdom], Feb.27 (ANI): Visiting Indian Finance Minister Arun Jaitley opened trading on the London Stock Exchange on Monday in the presence of British Member of Parliament and UK Secretary of State for International Trade Liam Fox, India's High Commissioner to the United Kingdom Y.K. Sinha and Pankaj Patel, President, FICCI.

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New Delhi [India], Feb. 27 (ANI): Subhrakant Panda, Managing Director, Indian Metals and Ferro Alloys Ltd and Jawahar Vadivelu, Chairman, Cameo Corporate Services Limited, have taken over as the President and Vice President of ICC India, respectively, at the conclusion of 86th Annual General Meeting of ICC India held here on Monday.

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New Delhi [India], Feb. 27 (ANI-BusinessWireIndia): Premium inner wear brand, Euro Fashion Inners, announced the launch of Euro Blaze, a new collection of men's brief that celebrates the Inner Fire and Passion of men that drives them towards higher goals in life.

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New Delhi [India], Feb. 27 (ANI): Droom, India's pioneering online automobile transactional marketplace, is riding high on the success of its Orange Book Value (OBV), an algorithm-based benchmark pricing engine, which has received over 100 million queries in 14 months.

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New Delhi [India], Feb 27 (ANI): In line with the company's continued effort to strengthen and professionalize its management for achieving accelerated growth and business excellence, Intex Technologies, one of the leading consumer electronics major, has appointed S P Subramanian as Assistant Vice President - Sales (Mobile) to further strengthen its mobile business.

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New Delhi [India], Feb. 27 (ANI): E-commerce major Paytm announced the launch of its Paytm Mall app on Android on Monday.

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Islamabad [Pakistan], Feb.27 (ANI): The Pakistan government has released over 430 billion rupees for different social sector development projects against a total allocation of 800 billion rupees, the Ministry of Planning release said Monday.

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New Delhi [India], Feb. 27 (ANI-BusinessWire India): Going past the revolutionary Indian Budget 2017, where I did find that some key government initiatives like capping the maximum cash donation to Rs. 2, 000, steps to avoid money laundering and so on are noteworthy, I did feel that Bullion Trade reforms that were the key to the survival of industry did not come through.

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New Delhi [India], Feb 27 (ANI): India's largest telecommunications services provider Bharti Airtel on Monday announced radical changes in its value proposition for domestic and international roaming as the customers will now be able to carry their numbers across India and the world and stay connected all the time without having to worry about high call/data charges.

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New Delhi [India], Feb. 27 (ANI): Bitcoin start-ups Zebpay, Unocoin, Coinsecure and Searchtrade jointly launched Digital Asset and Blockchain Foundation of India (DABFI) for the orderly and transparent growth of virtual currency market.

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New Delhi [India], Feb 27 (ANI-NewsVoir): Leading stand alone health insurer, Apollo Munich Health Insurance is expanding its footprint across the country with its latest bancassurance tie up with state-owned Dena Bank, to distribute customized health insurance and personal accident policies to the bank's 20 million customers nationwide.

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New Delhi [India], Feb. 27 (ANI-BusinessWire India): Vivek Chaand Sehgal of the Motherson Sumi Systems Limited (MSSL), the flagship company of Samvardhana Motherson Group (SMG), was today named the EY Entrepreneur of the Year 2016.

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New Delhi [India], Feb. 27 (ANI): Music streaming service Saavn, today announced its expansion into original music with the worldwide release of 'Azaad Hu Mai,' a genre-defining track from underground hip-hop artist, Naezy.

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New Delhi [India], Feb 27 (ANI): Global leader in payment solutions American Express on Monday announced the launch of Buyer Initiated Payments (BIP), an electronic payment platform linked to corporate card that reduces processing costs and offers extended payment terms compared to traditional invoice payments.

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New Delhi [India], Feb 27 (ANI-BusinessWireIndia): Purplle.com launched in 2012, grew to becoming India's largest beauty product and service destination in under five years. Founded by IITians Manish Taneja and Rahul Dash, it was created to make beauty products available in the deepest pockets of the country, at the most reasonable prices. Consistently delivering on this promise has made Purplle.com the most preferred beauty portal by buyers across the country.

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New Delhi [India], Feb 27 (ANI-NewsVoir): Seclore, the leader in Enterprise Rights Management (ERM), today announced the latest release of its flagship data-centric security Solution. New capabilities offered provide a more seamless experience for both the sender and recipient.

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New Delhi [India], Feb 27 (ANI): SHEROES, the world's largest community of women, today announced that it has entered into an alliance with Simplilearn, one of the world's leading certification training providers.

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New Delhi [India], Feb 27 (ANI-NewsVoir): Union Budget 2017-18 is a big relief for the common masses from reduction in personal income tax to sops for affordable housing - the Finance Minister has announced various measures to benefit farmers and weaker sections of the society.

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