Business highlights

Following are the top business stories at 2110 hours: DEL52 BIZ-LD INFLATION Retail inflation eases to four-month low of 4.87 pc in Oct New Delhi: Continuing the downward trend, retail inflation slipped to a four-month low of 4.87 per cent in October, mainly due to easing food prices and inched towards the Reserve Bank's target of 4 per cent, according to government data released on Monday.

DCM36 BIZ-ONION-PRICES Onion prices: All-India average rate at Rs 59.09 per kg in retail market New Delhi: All-India average retail onion price on Monday is ruling high at Rs 59.09 per kg, according to the government data.

DCM38 BIZ-BIKANERVALA-AGGARWAL Kedarnath Aggarwal, chairman of Bikanervala, once a street vendor, passes away New Delhi: Lala Kedarnath Aggarwal, who once sold bhujia and rasgullas in buckets on the streets of old Delhi before establishing sweets and snacks brand Bikanervala, passed away on Monday.

DEL64 BIZ-LD RUPEE Rupee falls 5 paise to close at all-time low of 83.33 against US dollar Mumbai: The rupee declined by 5 paise to settle at its all-time low of 83.33 against the US dollar on Monday, tracking a negative trend in domestic equities.

DEL32 BIZ-LD STOCKS Sensex, Nifty fall amid caution ahead of inflation data Mumbai: Benchmark stock indices Sensex and Nifty declined on Monday due to selling pressure in IT, consumer durables and financial stocks as investors turned cautious ahead of the release of inflation data.

DEL8 BIZ-ONGC ONGC to start oil production from USD 5 bn deep-water project this month New Delhi: State-controlled Oil and Natural Gas Corporation (ONGC) will kick off oil production from its much-delayed flagship deepsea project in Krishna Godavari basin in Bay of Bengal this month, helping reverse years of decline in output, a senior company official said.

DEL33 BIZ-GOLD-PRICE Gold falls Rs 100; silver tumbles Rs 700 New Delhi: Gold prices fell Rs 100 to Rs 60,700 per 10 grams in the national capital on Monday amid a fall in the precious metal's price globally, according to HDFC Securities.

DCM4 BIZ-PATANJALI-NEPAL Govt permits Patanjali Ayurveda to ship 20 MT of non-basmati rice as donation to Nepal for earthquake victims New Delhi: The government has provided a one-time exemption from the export ban to Patanjali Ayurved for shipping 20 tonnes of non-basmati white rice as a donation to Nepal for earthquake victims.

DCM32 BIZ-CYBERSECURITY-VEHICLES Road transport ministry proposes uniform cyber security system for four-wheelers New Delhi: The Ministry of Road Transport and Highways (MoRTH) has proposed uniform Cyber Security and Management Systems (CSMS) provisions for certain categories of four-wheelers, passenger and commercial vehicles to protect their functions from cyber threats.