12.20 pm: The seventh Central Pay Commission (CPC) has recommended a 23.6 per cent hike on Thursday (aggregating to ~US$ 15bn) in pay, allowances and pensions for central government employees. According to Religare, implementation of the CPC and state pay commissions would boost India’s consumption demand and GDP growth, benefitting consumer discretionary companies such as Bajaj Auto, Maruti Suzuki, Hero MotoCorp, Bata India and Voltas. 12.00 pm: Jubilant FoodWorks shares were trading 3.35 per cent up at Rs 1451.15 after the company, which operates Domino's Pizza chain, teamed up with Hyderabad-based start-up Zippr for easier delivery. Sensex was trading 207.89 points up at...
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