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Weekly News: Wholesale prices climbed 1.88 percent y-o-y in July -
Weekly News: Wholesale prices climbed 1.88 percent y-o-y in July
SMC | Published: 23 Aug, 2017  | Source :


- India's consumer price inflation accelerated in July after slowing in the previous three months. The consumer price index rose 2.36 percent year-on- year, exceeding economists' forecast for 2.05 percent inflation. June's inflation rate was revised down to 1.46 percent from 1.54 percent and remained the lowest figure since the series began in 2012.

- India's wholesale price inflation accelerated in July largely due to rebound in food prices. Wholesale prices climbed 1.88 percent year-on-year in July, faster than the 0.90 percent rise in June.

- India's industrial production declined unexpectedly in June on weak manufacturing activity. Industrial output fell 0.1 percent in June from a year ago, reversing a revised 2.8 percent expansion in May. Production was forecast to climb 0.1 percent in June.


- Tata Power together with its subsidiaries and jointly controlled entities as of August 2017 has an installed generation capacity of 10.406 MW. The Company with a gross installed capacity of 3.144MW has increased its generation capacity by close to 13%.


- Larsen & Toubro (L&T) plans to divest its entire stake in L&T Cutting Tools for `174 crore. The sale is part of L&T's larger strategy to focus on core business segments.

Ship Building

- Cochin Shipyard Ltd (CSL) has lined up expansion projects worth 2,800 crore. The IPO's proceeds will be utilised to fund these expansions.

Information Technology

- Wipro has bagged a five-year IT infrastructure and applications managed services contract from Bangladesh's telecom major Grameenphone.


- Apollo Hospitals Enterprise Ltd (AHEL), India's largest healthcare provider by market value, is considering the acquisition of small hospitals in northern and western parts of India.


- Hero MotoCorp plans to launch three new scooter models by next fiscal as part of strategy to enhance its leadership position as erstwhile partner Honda challenges its number one spot.


- Zydus Cadila has received the final approval from the USFDA to market Telmisartan and Hydrochlorothiazide Tablets USP, in the strengths of 40 mg/12.5 mg, 80mg/12.5 mg and 80mg/25 mg. Telmisartan and Hydrochlorothiazide Tablets are used to treat hypertension (high blood pressure). The drug will be manufactured at the group's formulations manufacturing facility at Moraiya, Ahmedabad.

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.