New Delhi, Dec 28 (PTI) Following are the top business stories at 2020 hours: DEL71 BIZ-LD SEBI Sebi to tighten norms for IPO proceeds utilisation; amend various other regulations Mumbai: Markets watchdog Sebi on Tuesday decided to tighten norms for utilisation of IPO proceeds by companies, introduce special situation funds to invest only in stressed assets and amend various regulations, including those on mutual funds and settlement proceedings.
DEL62 BIZ-VIRUS-LD-MOLNUPIRAVIR Pharma players to launch anti-Covid pill Molnupiravir shortly after DCGI approval New Delhi: Homegrown pharma majors Sun Pharma, Cipla, Hetero and Torrent on Tuesday announced plans to market their versions of antiviral drug Molnupiravir to treat high-risk adult patients with COVID-19 across India shortly.
DEL73 BIZ-DIRECT SELLING NORMS Govt notifies new rules for direct selling industry New Delhi: The Centre on Tuesday banned direct selling companies from promoting pyramid and money circulation schemes as it notified new rules for the direct selling industry.
DEL55 BIZ-LD-STOCKS Sensex, Nifty race to over 1-week high amid global stock rally Mumbai: Key stock indices Sensex and Nifty rallied for the second day in a row on Tuesday to close at more than one-week high levels as energy, IT, pharma and banking stocks advanced amid gains in global stocks.
DEL63 BIZ-LD RUPEE Rupee logs 9th straight gains, spurts 30 paise to hit 1-month high against US dollar Mumbai: Rising for the ninth straight session, the rupee surged 30 paise to close at a one-month high of 74.70 against the US dollar on Tuesday, tracking positive domestic equities and a weak greenback in the overseas market.
DEL51 BIZ-GOLD-PRICE Gold gains Rs 80; silver jumps Rs 580 New Delhi: Gold price in the national capital on Tuesday gained Rs 80 to Rs 47,233 per 10 gram in line with recovery in international precious metal prices, according to HDFC Securities.
DCM41 BIZ-RBI-DIGITAL CURRENCY India needs to initially go for basic model for central bank digital currency: RBI Mumbai: India needs to initially go in for the basic model of central bank digital currency (CBDC) and use the payment system architecture as a backbone to make a state-of-the-art CBDC, the Reserve Bank said on Tuesday.
DCM29 BIZ-RBI-BANKS Banks need to strengthen corporate governance, says RBI report Mumbai: The banking sector needs to strengthen corporate governance and risk management practices to deal with the uncertainties created by the coronavirus pandemic, the Reserve Bank said on Tuesday.
DCM50 BIZ-CHANDRASEKHAR-SEMICONDUCTOR We’ll love to see Intel, TSMC, Samsung, other semiconductor giants invest in India: MoS IT New Delhi: Interest level among global majors after India announced a Rs 76,000-crore semiconductor scheme is clearly “high” and the government would love to see Intel, TSMC, Samsung, and other technology majors investing in the country, Minister of State for IT Rajeev Chandrasekhar said on Tuesday.
DCM56 BIZ-PFRDA-INVESTMENT PATTERN PFRDA to soon allow NPS subscribers to change investment pattern 4 times in a year New Delhi: Pension fund regulator PFRDA will soon allow the subscribers of the NPS scheme to change the investment pattern as many as four times during a financial year as there has been a demand to increase the limit, its Chairman said on Tuesday.
DCM19 BIZ-TAX-REFUND Income Tax refunds of over Rs 1.49 lakh cr issued so far this fiscal New Delhi: Income Tax refunds of over Rs 1.49 lakh crore have been issued to 1.45 crore taxpayers so far this fiscal, the I-T department said on Tuesday. PTI RUJ RUJ
