The World Bank on Sunday, ahead of its meeting with the International Monetary Fund (IMF), cut its growth forecast for India's economy in the current fiscal year to 6% from the earlier 7.5% thereby hinting at the current economic slowdown. The Bank, however, maintained that India is still a 'fast-growing economy' and that its growth numbers are still higher than that of most countries in the world, according to agency reports.

Amazon is offering heavy discounts on a wide range of products under its 'Great Indian Festival' sale, beginning (today) October 13 - 17, 2019.

First-time users will be able to get free delivery on their first purchase plus the e-commerce site is also offering additional offers on select bank credit and debit cards.

French energy giant Total SA is spending $600 million to expand its presence in one of the world’s fastest growing natural gas markets.

Total agreed to purchase a 37.4 per cent stake in India’s Adani Gas Ltd., a distributor of the fuel that is developing import terminals and a national chain of vehicle-filling outlets.

A more than 200 per cent surge in onion prices is expected to push India’s headline inflation rate to its highest level in more than a year, but is unlikely to keep Asia’s most aggressive rate cutter from further easing monetary policy.

The price-spike is likely to add at least 30 basis points to September’s headline inflation. A Bloomberg survey ahead of a report due later Monday showed consumer prices probably rose 3.8 per cent in September from a year ago -- the highest since July 2018.

German carmaker Daimler is recalling hundreds of thousands of Mercedes-Benz vehicles including Sprinter van models over diesel emissions issues.

Daimler said late on Friday that Germany’s road traffic regulator KBA has concluded hearings over certain Mercedes-Benz vehicles with so-called OM651 diesel engines meeting Euro 5 emission standards and has ordered Daimler to carry out recalls.

Domestic benchmark indices Sensex and Nifty closed for the week with gains of over 0.6 per cent on mixed global and domestic cues.

Market sentiments turned positive after the US President Donald Trump signalled towards trade truce between US and China, analysts said. Trump hinted at completing part negotiation on day one.

Kolkata: Crisis-ridden Bharat Sanchar Nigam Ltd (BSNL) is hoping to boost marketshare, following Reliance Jio's decision to charge 6 paise per minute for voice calls made to mobile phone networks of rival operators.

The state-run telecom operator is also expecting to get 4G spectrum soon, company officials said.

Ulan-Ude: Six-time world champion Mary Kom was knocked out of the Women's World Boxing Championships on Saturday after facing a defeat in the semi-finals of the tournament. As a result, she would now have to settle for a bronze medal.

Turkey's European champion Busenaz Cakiroglu defeated the 36-year-old 4-1 in the 51-kg category.

Baroda Asset Management India, a wholly-owned subsidiary of Bank of Baroda, on Friday announced its merger with BNP Paribas Asset Management India. Bank of Baroda and BNP Paribas Asset Management Asia have entered into binding agreements for the merger.

The transaction also includes merger of BNP Paribas Trustee India with Baroda Trustee India.

Infosys, the country’s second largest software services exporter, reported double-digit revenue growth for the fourth consecutive quarter on Friday, with revenues growing by 9.9% year-on-year in dollar terms and 11.4% in constant currency in the September quarter. Infy’s performance is in stark contrast to its larger peer Tata Consultancy Services (TCS), which reported weak numbers for the second consecutive quarter.

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