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Business news wrap: Jump in retail inflation to new CFO at Quant MF - Top 5 news of the day
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2 min read | Updated on July 12, 2024, 18:08 IST
SUMMARY
Here's a curated roundup of the top five business news articles of the day.
Stock list
Food inflation soared by 9.36% in June, as compared to 8.69% in May
The release of retail inflation numbers for June 2024, which showed an uptick as compared to the preceding month of May, was amongst the top news of the day. The appointment of a new chief financial officer at Quant Mutual Fund was also in focus.
Here's a look at the top 5 business news of July 12:
India's retail inflation jumps to 5.08% in June, food prices soar
Retail inflation increased to 5.08% in June as kitchen items became dearer, according to government data released on Friday. The Consumer Price Index (CPI) based retail inflation was 4.8% in the preceding month of May. Read more
Shashi Kataria appointed Quant MF CFO after Harshal Patel's resignation
Harshal Patel, the former chief financial officer (CFO) of Quant Mutual Fund, departed from the organisation on May 19, the fund house confirmed in a statement issued on Friday, July 12. He has been replaced with Shashi Kataria. Read more
Adani Ports plans to invest ₹10,000 crore
Adani Ports and Special Economic Zone is planning to invest ₹10,000 crore in Vizhinjam Port in Kerala, news agency Bloomberg reported. The planned investment will be part of the second phase of the project, the report added. Read more
UltraTech acquires additional 25% in UAE-based RAKWCT
Leading cement manufacturer UltraTech Cement announced the acquisition of an additional 25% stake in UAE-based RAKWCT, taking its total holding to 54.39%. Read more
Delhi, Mumbai and Kolkata among world's most populated cities: UN report
Indian capital New Delhi is the second most populated city in the world, whereas Mumbai and Kolkata are in the top 20 list, as per the Union Nations World Urbanisation Prospects 2024 report. Read more
About The Author
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.
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