New Delhi, Jan 13 (PTI) Following are the top business stories at 2015 hours: DEL54 BIZ-LD STOCKS Markets maintain momentum for fifth day as investors digest Q3 results, macro data Mumbai: Equity indices ticked higher for the fifth session on the trot on Thursday as largely positive Q3 results from IT majors enthused investors, though lacklustre macroeconomic data capped the gains.
DEL88 BIZ-POSCO-3RDLD ADANI Adani, Posco tie up for steel mill in Gujarat New Delhi: Billionaire Gautam Adani’s group and South Korea’s Posco have signed an initial pact to explore business opportunities to invest about USD 5 billion on projects that include setting up an integrated steel mill in Gujarat, the two firms said on Thursday.
DEL57 BIZ-LD RUPEE Rupee rises for 5th day, inches up 3 paise to 73.90 against US dollar Mumbai: Strengthening for the fifth straight session, the rupee climbed 3 paise to close at 73.90 against the US dollar on Thursday, tracking a weak greenback overseas.
DEL58 BIZ-LIC-IPO LIC IPO to hit markets by March; draft papers to be filed with Sebi by this month-end New Delhi: The government will launch the mega public offer of LIC by March and file draft papers with market regulator Sebi by the end of this month, an official said.
DEL38 BIZ-DEVAS-PARIS-SEIZURE French court orders freezing of Indian property on Devas’ plea New Delhi: A French court has ordered freezing of an Indian government property in Paris on a plea by Devas shareholders who are seeking to enforce a USD 1.3 billion arbitration award over a cancelled satellite contract, according to the court order copy.
DEL40 BIZ-ZOMATO-DELIVERY EXEC-ACCIDENT Delivery executive’s death: Wife to be provided job, insurance, other support, says Zomato CEO New Delhi: Online food delivery platform Zomato on Thursday said it will provide a job to Sucheta Tripathi, wife of its delivery partner Salil Tripathi who died in a road accident last week, and an insurance grant of Rs 10 lakh, besides its employees contributing Rs 12 lakh towards the family’s future.
DEL78 BIZ-VIRUS-LABOUR-EXODUS Labour ministry dismisses reports of workers’ exodus amid third wave New Delhi: The labour ministry has dismissed as “untrue” media reports of mass exodus of workers, especially migrant labour, to their home states amid the third wave of COVID-19.
DEL39 BIZ-GOLD-PRICE Gold climbs Rs 119; silver jumps Rs 745 New Delhi: Gold price in the national capital on Thursday jumped Rs 119 to Rs 46,919 per 10 grams, reflecting a rally in international precious metal prices, according to HDFC Securities.
DCM52 BIZ-2NDLD INDIA-UK-FTA India, UK formally launch FTA negotiations; likely to conclude by year-end New Delhi: India and the UK on Thursday formally launched negotiations for the proposed free-trade agreement (FTA), which is expected to help double bilateral trade to over USD 100 billion by 2030 and boost economic ties between the two countries.
DCM9 BIZ-NCLAT-AMAZON NCLAT issues notices to CCI, Future Coupons over Amazon’s plea challenging CCI order New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Thursday issued notices over the petition filed by e-commerce major Amazon, challenging a recent order passed by the fair trade regulator CCI that suspended the over-two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL).
DCM2 BIZ-TESLA-MUSK Working through a lot of challenges with government: Tesla New Delhi: US-based Tesla is working through a lot of challenges with the government to launch its products in India, the electric car major’s founder and CEO Elon Musk said on Thursday.
DCM40 BIZ-RELIANCE-INVEST Reliance to invest Rs 5.95 lakh cr in green energy, other projects in Gujarat New Delhi: Billionaire Mukesh Ambani-led Reliance Industries will invest Rs 5.95 lakh crore in green energy and other projects in Gujarat over the next 10-15 years as it looks to accelerate the clean energy business by building giga-factories. PTI RUJ RUJ
