Headline inflation rose marginally by 0.11 per cent in December, breaking the six-month’s declining trend, as food articles including pulses, vegetables and fruits became dearer. Inflation, based on wholesale price index (WPI), was unchanged in November.
According to the WPI data released by the ministry of commerce and industry, the build up inflation rate during the April-December period was -0.28 per cent compared to 5.58 per cent during the same period in 2013-14.
With the WPI and CPI, data for which was released last week, remaining benign, industry hopes that the RBI may soften its policy stance in the forthcoming monetary policy review in February.
Infosys creates Rs1,550 crore ‘Innovate in India’ fund
New Delhi: Days after Infosys had announced to expand its innovation fund by five times to $500 million from $100 million announced in 2013, Infosys CEO and MD, Vishal Sikka announced the creation of $250 million (Rs 1,550 crore) ‘Innovate in India’ fund that will invest in promising new Indian firms and that aims to “accelerate the success of Prime Minister’s Digital India mission”.
Sikka announced to create the fund in a meeting with Prime Minister Narendra Modi in New Delhi on Wednesday.
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