RBI deputy governor Poonam Gupta MUMBAI: RBI deputy governor Poonam Gupta said that despite multiple shocks, India’s inflation is likely to remain within the target band, unlike several advanced economies where inflation is running above target and may require higher interest rates. She also said that there was scope for the rupee to appreciate from…

NO TRUCE Sameer Hiremath (left) and Baba Kalyani MUMBAI: Baba Kalyani voted against his own nephew and lost. Sameer Hiremath, 52, secured the chairmanship of Hikal despite opposition from Bharat Forge’s chairman and MD, with public shareholders tipping the balance.The resolution passed narrowly. Of the votes cast, nearly 52% backed Sameer’s appointment as CMD, against…

Stock market today: BSE Sensex jumps over 100 points, NSE Nifty50 opens above 24,590 Benchmark indices opened on a positive note, with BSE Sensex and NSE Nifty trading marginally higher in early deals. Nifty50 was up 26.45 points, or 0.11%, at 24,597, while BSE Sensex gained 103.09 points, or 0.13%, to trade at 78,602.26. Source…