The rating agency said inflation moderated in August as crude oil prices eased but the risk to food inflation persists given negative seasonality towards the end of this year.
Reliance Industries continued to remain the most valued firm in the ranking of top 10 firms by market capitalisation.
From the Sensex pack, Maruti, ICICI Bank, NTPC, Larsen & Toubro, Kotak Mahindra Bank, and Mahindra & Mahindra were the major gainers in the initial trade.
At the interbank foreign exchange, the domestic unit opened at 79.53 against the dollar, then touched 79.47 in initial deals, registering a gain of 5 paise over its previous close.
BMW's statement came a day after the Punjab government claimed that BMW had agreed to set up its auto part manufacturing unit in the state.
Business news: The Wholesale Price Index-based inflation was 13.93 per cent in July and 11.64 per cent in August, 2021.
At the interbank foreign exchange market, the rupee opened at 79.58 against the greenback, then fell to 79.60, registering a decline of 43 paise over its last close.
The 30-share Sensex plunged 530.36 points or 0.88 percent to 60,040.72 points while the Nifty declined 150.75 points or 0.83 percent to 17,919.30 points.
Gadkari said that the government is now looking at two options -- a satellite-based toll system where the GPS will be there in a car and the toll will be directly subtracted from the passenger's bank account and the other option through number plates.
India's first chip factory: The 60:40 joint venture of Vedanta-Foxconn will set up a semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit on a 1000-acre land in the Ahmedabad district.
Under this project, 15-20 Cheetahs will be flown in from Namibia and South Africa and will be introduced at Kuno National Park, Madhya Pradesh. IOC will be contributing Rs 50.22 crore over five years for cheetah reintroduction.
The ED said Ashish Malik was arrested by the EOW in May for "duping more than 1,000 people on the pretext of making an investment in a Russian oil company named Rosneft.
At the interbank foreign exchange, the domestic unit opened at 79.30 against the dollar, then touched 79.25 in initial deals, registering a gain of 28 paise over its previous close.
Asian markets, including South Korea and Hong Kong, were trading higher, and the US and European markets closed in the green territory.
Inflation: According to the data, inflation in food basket was 7.62 per cent in August, up from 6.69 per cent in July and 3.11 per cent in August 2021.
As a member of the IBM Quantum Network, IIT-M will get cloud-based access to IBM’s most advanced quantum computing systems and IBM’s quantum expertise to explore practical applications and realize the wide-ranging benefits of this technology for business and society.
At the interbank foreign exchange market, the rupee opened at 79.66 against the greenback, then fell to 79.67, registering a decline of 10 paise over its last close. In initial deals, the local unit also touched 79.64 against the dollar.
From the 30-share Sensex pack, Tech Mahindra, Infosys, Bajaj Finserv, Mahindra & Mahindra, Tata Steel, and ICICI Bank were leading the gainers' chart.
Nearly 25 per cent of the start-ups in the Silicon Valley were managed by people of Indian origin and it was a matter of pride, she said at an event here.
Company management and shareholders may consider a reorganisation of the company to achieve three mutually linked objectives of structure, succession and segregation.
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