Corporate News Headline
Exide Industries would pump in Rs. 3 bn on expansion of its production capacity, besides entering new overseas markets with an aim to double its exports this fiscal. (BS)
Nagarjuna Construction bagged three orders worth Rs. 4.74 bn for development of sports facilities. (BS)
Welspun Gujarat Stahl Rohren decided to increase the capacity of its pipe plant by 75% to 1.75 MT to meet growing demand for oil pipelines. (ET)
Economic and Political Headline
Economic and Political Headline
Inflation surged to 12.63% for the week ended August 9 from 12.44% a week ago due to an increase of prices of food items like fruits, vegetables, and milk. (BS)
The government would bring iron ore producers and steel manufacturers to the negotiating table to ensure that the raw material is supplied at a reasonable cost. (BS)
The UK retail sales unexpectedly rose 0.8% in July as consumers shunned department stores in favour of discounted goods and snapped up mobile phones. (Bloomberg)
