Business

New Delhi, May 13; GANASHAKTI: India’s retail inflation inched up in April to 2.92% from 2.86% a month ago, even though it remained well within the target of the Reserve Bank of India (RBI). Modest inflation and growing concern over growth may force the RBI to go for another round of rate cut in June.

Vegetable price inflation which turned positive last month grew 2.87% in April, while overall food and beverages inflation stood at 1.38% during the month.

NEW DELHI; Reuters/GANASHAKTI - Only one Indian buyer of Iranian oil has taken up Saudi Arabia’s offer of additional oil to make up for the loss of supplies from Tehran due to U.S. sanctions, taking an extra 2 million barrels from the Kingdom for June shipment, industry sources said.

Last month, Saudi Arabia approached Indian buyers offering them additional supplies to compensate for loss of Iranian oil after the United States threatened to sanction entities buying oil from Tehran, the sources said.

Berlin, May 13 (AFP) German giant Mercedes-Benz said Monday it wants to stop selling traditional combustion engine cars by 2039 and plans for its new vehicles sold worldwide by that time to be carbon-neutral.

"We aim to have a carbon-neutral new passenger car fleet in 20 years," said Ola Kallenius, current head of Mercedes research, who is to succeed Dieter Zetsche as chairman of the Daimler group next week.

Washington, May 14 (PTI) US President Donald Trump on Monday said he will meet his Chinese counterpart Xi Jinping and Russian leader Vladimir Putin in June on the sidelines of the G-20 Summit in Japan.

This would also be the first opportunity for a meeting between the Indian prime minister and Trump after the election results are declared in India on May 23. However, Trump, during his interaction with the media at his Oval Office, made no mention of any meeting other than that with Xi and Putin on the sidelines of the G-20 Summit.

New Delhi, May 14 (PTI) IndiGo on Tuesday announced a three-day summer sale till May 16 across its network that connects 53 domestic and 17 international destinations.

Passengers can avail the all-inclusive fares starting at Rs 999 for travel between May 29-September 28 on domestic and international routes, the airline said in a statement.

SACRAMENTO, Calif. (AP) — Five states have joined forces to try and block a new rule from the Trump administration they say weakens labor unions and their ability to collectively bargain for wages and benefits.

California Attorney General Xavier Becerra, a Democrat, announced the lawsuit on Monday with attorneys general in Washington, Connecticut, Massachusetts and Oregon.

DALLAS (AP) — The CEO of Ethiopian Airlines says his airline might never fly the Boeing 737 Max again after a deadly crash in March, and if it does, it will wait until other carriers use the plane first.

Tewolde Gebremariam told NBC News that Ethiopian won’t use the plane unless the airline, its pilots and passengers are convinced that it is safe.

“If we fly them again, we will be the last airline to fly them again,” he said.

DES MOINES, Iowa (AP) — China’s announcement Monday of higher tariffs on $60 billion of American exports — retaliation for President Donald Trump’s latest penalties on Chinese goods — hit particularly hard in the farm belt. China’s vast consumer market has been a vital source of revenue for American farmers.

SAN FRANCISCO (AP) — A jury on Monday ordered agribusiness giant Monsanto Co. to pay a combined $2.055 billion to a couple claiming that the company’s popular weed killer Roundup Ready caused their cancers.

The jury’s verdict is the third such courtroom loss for Monsanto in California since August, but a San Francisco law professor said it’s likely a trial judge or appellate court will significantly reduce the punitive damage award.

WASHINGTON (AP) — Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders rallied support for the Green New Deal on Monday night, with the New York congresswoman saying there should be “no middle ground” when it comes to climate change and the Vermont senator calling for a political revolution.