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.

The Indian Railways has said it will launch 10 ‘Sewa Service' Trains on coming Tuesday to provide last-mile connectivity to people travelling from smaller towns.

The Ministry of Railways had recently approved 10 such trains under ‘Sewa service’ initiative for better connectivity between smaller towns and important cities.

The Reserve Bank of India’s (RBI’s) central board met on Friday in Chandigarh and discussed the current state of the financial sector, with special focus on the regulatory and supervisory architecture of commercial, co-operative banks and non-banking financial companies.

The meeting assumes importance after the Punjab and Maharashtra Cooperative (PMC) Bank scam and the general liquidity deficit in the NBFC sector. However, the banking system continues to be flushed in liquidity.

The UK government will issue a commemorative coin to mark the 150th birth anniversary of Mahatma Gandhi, British Finance Minister Sajid Javid said.

The Pakistani-origin minister said he had asked the UK's Royal Mint to work on the coin. Javid announced the plan on Thursday at the annual GG2 Leadership Awards event held here to celebrate the most influential members of UK’s South Asian community.

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