Volvo Auto India hikes prices across model range by up to Rs 2.5 Lakh

"All the models would undergo an upward revision in the Ex-showroom prices by up to 2.5%. The increase is due to rise in input costs which affect all models sold in India. Volvo Cars focus has always been to provide the best-in-class products to our customers at a competitive price with class-leading safety and intuitive features offered as standard across models." the company said in a statement.

Avenue Supermarts m-cap surges past Rs 50,000 cr mark

The scrip of newly-listed firm gained 3.33 percent to end at Rs 775.50 on BSE. During the day, it soared 7.5 percent to Rs 806.80./fmcg_consumerdurables_720-770x433.jpg" title="Avenue Supermarts m-cap surges past Rs50,000 cr mark", the operator of retail chain D-Mart, rose by 7.5 percent in intra-day trade today, helping its market valuation surge past Rs 50,000 crore mark.The scrip of newly-listed firm gained 3.33 percent to end at Rs 775.50 on BSE. During the day, it soared 7.5 percent to Rs 806.80.At intra-day high level, the company's market valuation rose to Rs 50,351 crore but later pared some of the gains and its m-cap stood at Rs 48,397.75 crore at close.On NSE, shares of the company jumped 3 percent to settle at Rs 774.10.In terms of volume, 26 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.

March CPI inflation makes August rate cut case stronger: BofAML
 
According to the global financial services major, inflation risks are overdone and noted that food inflation is coming off while El Nino is a swing factor and commodity prices are likely to stabilise in 2017, reducing the pressure on imported inflation.CPI inflation is well within the RBI's 2-6 per cent mandate and the March number makes the case for a 25 bps rate cut in August even stronger, says a Bank of America Merrill Lynch (BofAML) report."We continue to expect the RBI MPC to cut policy rates 25 bps on August 3 after CPI inflation came in at a weak 3.8 per cent for March and industrial production contracted by 1.2 per cent for February," BofAML said in a research note.According to the global financial services major, inflation risks are overdone and noted that food inflation is coming off while El Nino is a swing factor and commodity prices are likely to stabilise in 2017, reducing the pressure on imported inflation.