Industrial growth slips to four-month low of 4.5%

NEW DELHI: Industrial production grew at the slowest pace in four months at 4.5 per cent in September mainly due to poor performance of mining sector and lower offtake of capital goods. The industrial production measured in terms of Index of Industrial Production (IIP) was 4.1 per cent in September 2017. Sequentially, the factory output growth for August was revised slightly upward to 4.6 per cent from provisional figure of 4.3 per cent, according to Central Statistics Office (CSO) data released Monday. The IIP was recorded at 6.9 per cent and 6.5 per cent in June and July this year, respectively. PTI

Retail inflation cools to year-low of 3.31% in Oct 

New Delhi: Retail inflation fell to a one-year low of 3.31 per cent in October on the back of cheaper kitchen staples, fruits and protein-rich items, official data released Monday showed The inflation based on the Consumer Price Index (CPI) was 3.7 per cent in September 2018 and 3.58 per cent in October 2017. The retail inflation number is the lowest since September 2017 when it touched 3.28 per cent. The rate of price rise in the food basket contracted by 0.86 per cent in October compared to 0.51 per cent rise in September, according to the Central Statistics Office data. PTI

Jet reports consolidated net loss of Rs 1,261 crore

Mumbai: Jet Airways on Monday reported a whopping Rs 1,261 crore in consolidated net losses for the three months to September against a profit of Rs 71 crore in the same period year ago, impacted by higher fuel cost and the ongoing plunge in the rupee. On a standalone basis, the Naresh Goyal promoted airline, which has been facing cash crunch from some time leading to delayed salaries and other payments, reported a net loss of Rs 1,297.46 crore against a profit of Rs 49.63 crore a year ago. Total sales rose to Rs 6,363 crore during the reporting quarter, up 6.9% from Rs 5,952 crore over the same quarter last fiscal. PTI