Business highlights
DEL24 BIZ-MOODYS-INDIA-LD GROWTH Moody's cuts India's economic growth forecast to 5.6 pc for 2019 New Delhi: Moody's Investors Service on Thursday slashed India's economic growth forecast to 5.6 per cent for 2019, saying government measures do not address the widespread weakness in consumption demand.
DEL55 BIZ-RESULTS-BHARTI AIRTEL AGR Woes: Bharti Airtel posts mega loss of Rs 23,045 crore in Jul-Sep quarter New Delhi: Telecom operator Bharti Airtel, which has been hit hard by the Supreme Court ruling on statutory dues, on Thursday posted highest ever loss of Rs 23,045 crore during the second quarter ended September 30.
DEL44 BIZ-INFLATION-LD WPI Wholesale inflation slows to 0.16 pc in Oct; lowest in three-and-a-half years New Delhi: Wholesale inflation slipped to about three-and-a-half-year low of 0.16 per cent in October on account of a decline in prices of manufactured goods though food products remained dearer, government data showed on Thursday.
DEL62 BIZ-RUPEE-CLOSE Rupee logs 1st gain in 6 days; recuperates 13 paise Mumbai: The Indian rupee on Thursday clocked its first gain after five sessions, closing 13 paise higher at 71.96 against the US dollar in line with domestic equities.
DEL56 BIZ-LD STOCKS Benchmark indices close in green on rate cut hopes Mumbai: Market barometers Sensex and Nifty on Thursday ended higher after swinging between gains and losses during the day as participants hoped for further easing of repo rate to boost consumer sentiment amid macro-economic challenges. BCM5 BIZ-INFLATION-RATES-REPORT 'RBI to cut rates by 40 bps by Feb despite high inflation' Mumbai: Headline inflation is bound to rise further to 5 per cent for November, but despite the pinch in price rise, the Reserve Bank will go for two consecutive rate cuts on growth concerns, a report said on Thursday. RUJ RUJ