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News digest: Sensex at record high, Idea-Voda merger, inflation, and more

BS Web Team/New Delhi 13 Jul 18 | 03:01 AM

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

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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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Sensex

Company Price Gain (%)
Sun Pharma.Inds.559.902.72
Infosys1,348.352.42
Reliance Inds.1,128.552.23
ICICI Bank266.001.84
Axis Bank534.451.36

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