New Delhi, Jan 18 (PTI) Following are the top business stories at 2010 hours: DEL59 BIZ-LD FM DEVAS Govt to use Supreme Court order to counter Devas enforcements in international fora: FM New Delhi: The government will use the Supreme Court order calling the 2005 deal between ISRO’s commercial arm Antrix and privately-owned Devas Multimedia a fraud, to counter seizure of its properties, Finance Minister Nirmala Sitharaman said on Tuesday as she launched a blistering attack on the Congress for handing over airwaves used by the defence to the private firm for pittance.
DEL44 BIZ-LD-STOCKS Sensex, Nifty tank around 1 pc as global equities sink on rate hike worries Mumbai: Benchmark stock indices Sensex and Nifty plunged by around 1 per cent on Tuesday due to sharp losses in auto, metal, and realty stocks amid a global rout in equities triggered by rising US bond yields and a spike in crude oil.
DEL53 WEF-TRUST BAROMETER Public trust declines in govt, media globally; fake news concerns at all-time peak: Study New Delhi/Davos: Public trust in governments and media has declined in the last one year amid the COVID-19 pandemic while concerns about fake news have reached all-time high levels, a global survey showed on Tuesday.
DEL56 BIZ-LD-RUPEE Rupee slumps 33 paise to 2-week low on high crude prices, rate hike worries Mumbai: Continuing its fall for the third straight session, the rupee on Tuesday slumped by 33 paise to close at a two-week low of 74.58 against the US dollar as a strong American currency and elevated crude oil prices continue to weigh on investor sentiments.
DEL27 BIZ-LD-PETROL-PRICE Oil price tops $87/bbl but petrol, diesel prices stay unchanged New Delhi: International oil prices jumped to the highest level since 2014, topping USD 87 a barrel but domestic petrol and diesel prices remained unchanged for the 74th day in a row – a freeze that may be linked to ensuing assembly elections in states like Uttar Pradesh and Punjab.
DEL68 BIZ-GAIL-DIRECTOR-SUSPEND Govt suspends GAIL director Ranganathan after CBI arrest New Delhi: The government has suspended E S Ranganathan, Director (Marketing) of GAIL (India) Ltd, after his arrest by the CBI over allegedly taking bribes to give discounts to private companies buying petrochemical products from the state-owned gas utility.
DEL43 BIZ-GOLD-PRICE Gold declines Rs 23; silver flat New Delhi: Gold price in the national capital on Tuesday dipped Rs 23 to Rs 47,814 per 10 grams, in line with weak international precious metal prices, according to HDFC Securities.
DCM21 BIZ-RELIANCE-ADDVERB Reliance Retail buys 54 pc stake in Addverb Tech for USD 132 mn New Delhi: Mukesh Ambani led Reliance Retail has acquired a 54 per cent stake in domestic robotics company Addverb for USD 132 million (about Rs 983 crore), a senior official of the robotic firm said Tuesday.
DCM39 BIZ-PREBUD-HOSPITALITY FHRAI demands loan moratorium for pandemic-hit hospitality sector New Delhi: Hospitality industry body FHRAI on Tuesday said it has asked Finance Minister Nirmala Sitharaman to consider a moratorium for loans taken by players in the sector and a special resolution framework for restructuring of loans as part of immediate measures to support the pandemic-battered industry.
DCM59 BIZ-STOCKS-WEALTH Investor wealth tumbles over Rs 3.78 lakh cr as stocks dive New Delhi: Investors’ wealth on Tuesday tumbled by more than Rs 3.78 lakh crore as equities faced heavy selling pressure following weak global trends.
DCM29 BIZ-CBM BID ROUND Bidding for CBM blocks to start on Feb 15, end on March 15: DGH New Delhi: Bidding for 15 blocks offered in the first coal-bed methane (CBM) round in more than a decade will start on February 15 and end on March 15, the Directorate General of Hydrocarbons (DGH) said on Tuesday. PTI RUJ RUJ
