New Delhi, Jan 4 (PTI) Following are the top business stories at 2000 hours: DEL42 BIZ-LD STOCKS Sensex extends gains for 3rd day amid global rally; RIL, power stocks shine Mumbai: Equity benchmarks defied gravity for the third session on the trot on Tuesday, in tandem with a rally in global markets as investors shrugged off soaring Omicron cases in multiple countries.
DEL44 BIZ-LD RUPEE Rupee slumps 30 paise to 74.58 against US dollar Mumbai: Snapping its three-session rising streak, the rupee tumbled 30 paise to close at 74.58 against the US dollar on Tuesday amid elevated crude oil prices and a strong greenback overseas.
DEL43 BIZ-REDDYS-COVID-MOLFLU Dr Reddy’s to launch Molflu at Rs 35 per capsule for COVID treatment New Delhi: Dr Reddy’s Laboratories on Tuesday said it will launch Molflu (Molnupiravir) at Rs 35 per capsule to treat COVID-19 in the country.
DEL34 BIZ-GOLD-PRICE Gold plunges Rs 302; silver declines by Rs 597 New Delhi: Gold price in the national capital on Tuesday plunged by Rs 302 to Rs 46,814 per 10 grams, reflecting an overnight decline in international precious metal prices, according to HDFC Securities.
DCM54 BIZ-PFRDA-AUM Assets under management of NPS, APY cross Rs 6.99 lakh cr: PFRDA New Delhi: Total assets managed under NPS and APY, the two flagship pension schemes of the Pension Fund Regulatory and Development Authority (PFRDA), have crossed Rs 6.99 lakh crore, an official statement said on Tuesday.
DCM56 BIZ-MALABAR GOLD-SHOWROOMS Malabar Gold to invest Rs 1,200 cr to open 33 showrooms by Mar; eyes Rs 75K-cr revenue by FY25 Mumbai: Leading jewellery retailer Malabar Gold & Diamonds, which has set a target of becoming the world’s largest retailer with a 2.5 times growth in revenue to over Rs 75,000 crore by FY25, is on an aggressive expansion spree, opening 33 showrooms in the next three months involving an investment of Rs 1,200 crore.
DCM21 BIZ-PIRAMAL CAPITAL Post DHFL acquisition, Piramal Capital to open 100 branches; expand to 1,000 cities New Delhi: Having access to over 10 lakh customers post acquisition of DHFL last year, Piramal Capital & Housing Finance (PCHFL) plans to open 100 branches and expand to 1,000 more cities in coming years.
DCM30 BIZ-PAPER INDUSTRY Lower coal allocation, non-availability of railway rakes impacting paper mills: IPMA New Delhi: Operations of Indian paper mills are getting severely impacted by lower coal allocation and non-availability of adequate railway rakes for transportation of coal to the mills, an industry body said on Tuesday.
DCM42 BIZ-EXPORTS Comm min to launch Brand India Campaign to boost exports New Delhi: With the country’s outbound shipments all set to cross USD 400 billion this fiscal year, the commerce ministry is planning to launch Brand India Campaign to give momentum to exports of both services and products in new markets, an official said. PTI RUJ RUJ
