Top News on August 12: Sensex, Nifty 50 close flat, retail inflation eases

Top news today: India’s retail inflation eased to 3.54% year-on-year in July. Domestic benchmark equity indices Sensex and Nifty 50 ended Monday’s session flat amid mixed global cues. Pakistan’s former ISI chief Faiz Hameed has been arrested by the military.
India’s retail inflation eased to 3.54% year-on-year in July, according to government data released on Monday, benefiting from a high base effect. The inflation rate has dipped below the Reserve Bank of India’s medium-term target of 4 percent for the first time in almost five years. Read more
The National Company Law Tribunal (NCLT) on Monday instructed the Reserve Bank of India (RBI) and the Department of Industrial Policy and Promotion (DIPP) to expedite approvals necessary for Hinduja-owned IndusInd International Holdings Ltd (IIHL) to complete its acquisition of the insolvent Reliance Capital. Read more
Domestic benchmark equity indices Sensex and Nifty 50 ended Monday’s session flat amid mixed global cues. On Monday afternoon, the Sensex and Nifty 50 gained back all of the ground they had lost earlier and continued to rise due to encouraging trends in international stocks and new inflows of foreign money. Read more
Pakistan’s former ISI chief Lt Gen (retd.) Faiz Hameed has been arrested by the military, said Army on Monday. He was arrested ahead of his court martial in connection with a housing scheme scandal. According to DAWN News, it is a first in the country’s history where a court martial has been initiated against a former intelligence chief. Read more
Sanjay Roy, a civic volunteer and prime accused in the brutal rape and murder of a trainee woman doctor at state-run RG Kar Medical College and Hospital in Kolkata, was a habitual offender and had been violent against women since a long time. Read more
A Samajwadi Party leader was arrested in Kannauj on Monday for trying to rape a 15-year-old girl. The SP leader who was formerly a ‘block pramukh’ had allegedly called the minor and her aunt on the pretext of securing a job. Read more
With the conclusion of his tour, External Affairs Minister (EAM) S Jaishankar marked a major improvement in India-Maldives bilateral relations on Sunday. In addition to launching six High Impact Community Development Projects (HICDPs), Jaishankar signed Memorandums of Understanding (MoUs) for capacity building while in Male. India is providing funding for programmes which centre on issues including street lighting, special schooling, and mental health. Read more