India Business News: Inflation, Industry Growth, and Stock Market Update

New Delhi, Dec 12 (PTI) Following are the top business stories at 2100 hours:


DEL77 PM-AI

PM Modi calls for global framework for ethical use of AI

New Delhi: Prime Minister Narendra Modi on Tuesday flagged the threat falling of artificial intelligence (AI) tools in the hands of terrorists pose to the world as he called for a global framework for the ethical use of AI.



DEL84 BIZ-LD-INFLATION

Inflation rises to 3-month high of 5.55 pc in Nov on firming food prices

New Delhi: Snapping its declining trend, retail inflation rose to a three-month high of 5.55 per cent in November on firming food prices, including vegetables and cereals, though it remains within the RBI's comfort zone of less than 6 per cent.


DEL67 BIZ-LD IIP

Industrial production growth accelerates to 16-month high of 11.7 pc in Oct

New Delhi: India's industrial production growth accelerated to 16-month high of 11.7 per cent in October, mainly due to double-digit growth in manufacturing, power and mining sectors' output, according to the official data released on Tuesday.


DEL52 BIZ-LD-STOCKS

Stock markets take breather after record-breaking rally; Sensex retreats 377 pts

Mumbai: Benchmark stock indices closed lower on Tuesday due to profit taking by investors after a record-breaking rally and ahead of release of key inflation numbers.


DEL86 BIZ-LD RUPEE

Rupee ends flat against US dollar

Mumbai: The rupee settled flat at 83.37 against the US dollar on Tuesday, as investors preferred to remain cautious ahead of the domestic inflation data release and US Fed meeting.



PAR14 LS-LD NIRMALA

Economy is moving in right direction: FM

New Delhi: Finance Minister Nirmala Sitahraman on Tuesday in the Lok Sabha said the economy is moving in the right direction, and India has become the fastest-growing major economy in the world.


DEL34 BIZ-FITCH-INDIA ELECTION

BJP govt to ??most likely retain power in 2024 elections: Fitch

New Delhi: There is likelihood of policy continuity to be maintained in India as the incumbent administration is "most likely" to retain power in the general elections due in April-May, Fitch Ratings said on Tuesday.


DEL82 BIZ-RBI-UPI

Automatic payment limit via UPI raised to Rs 1 lakh: RBI

Mumbai: The Reserve Bank of India on Tuesday increased the limit for automatic payments through UPI to Rs 1 lakh per transaction from the existing Rs 15,000 for certain categories, including subscription to mutual funds.


DEL45 BIZ-LD SPICEJET

SpiceJet to raise Rs 2,250 cr amid financial headwinds; Sep qtr loss narrows to Rs 428 cr

New Delhi: Crisis-hit SpiceJet on Tuesday announced it will raise more than Rs 2,250 crore through the issuance of equity shares to a raft of investors, including financial institutions and FIIs, a move that will help the carrier to navigate the financial turbulence.



DCM72 AVI-AIR INDIA-UNIFORM

Air India unveils new uniforms for cabin, cockpit crew

Mumbai: Private carrier Air India on Tuesday unveiled its new collection of uniforms, designed by Manish Malhotra, for its cabin and cockpit crew.


DEL42 BIZ-GOLD-PRICE

Gold declines Rs 150 to Rs 61,900 per 10 grams

New Delhi: Gold declined Rs 150 to Rs 61,900 per 10 grams in the national capital on Tuesday amid a fall in precious metal prices internationally, according to HDFC Securities.