New Delhi, Jan 19 (PTI) Following are the top business stories at 2000 hours: DEL67 CAB-LD RENEWABLE ENERGY Cabinet approves Rs 1,500 cr additional equity infusion in IREDA New Delhi, Jan 19 (PTI) The government on Wednesday approved equity infusion of Rs 1,500 crore in the Indian Renewable Energy Development Agency (IREDA), which would raise its additional lending capacity by Rs 12,000 crore.
DEL68 CAB-LD INTEREST SBI Cabinet sanctions Rs 974 cr to SBI for ex-gratia payment to borrowers New Delhi, Jan 19 (PTI) The government on Wednesday approved sanction of Rs 973.74 crore to State Bank of India (SBI) as reimbursement related to loan moratorium that was implemented in 2020 amid the pandemic.
DEL47 BIZ-LD STOCKS Sensex crashes 656 pts, Nifty cracks below 18K tracking global rout Mumbai, Jan 19 (PTI) The BSE gauge Sensex plummeted over 656 points and the NSE Nifty dropped below the key 18,000-mark on Wednesday as global market rout cast a shadow on domestic equities.
DEL60 BIZ-LD RUPEE Rupee logs 1st gain in four days, up 14 paise against USD Mumbai, Jan 19 (PTI) The Indian rupee snapped its three-day losing streak to settle 14 paise higher at 74.44 against the US dollar on Wednesday, in line with positive Asian peers against the greenback.
DEL54 BIZ-FINMIN-EXPENSES FinMin asks ministries to restrict expenses within prescribed limit New Delhi, Jan 19 (PTI) In a bid to maintain fiscal deficit within the targeted limit, the finance ministry has asked ministries and departments to restrict their expenses with the revised estimates.
DEL6 BIZ-LD RELIANCE Reliance Jio pays Rs 30,791 cr for all spectrum acquired before Mar 2021 New Delhi, Jan 19 (PTI) Telecom major Reliance Jio on Wednesday said it has paid Rs 30,791 crore, including accrued interest, to the Department of Telecom to clear entire spectrum payments liabilities that the company acquired before March 2021 auctions.
DEL33 BIZ-GOLD-PRICE Silver jumps Rs 1,603, gold marginally up New Delhi, Jan 19 (PTI) Silver prices spurted by Rs 1,603 per kg while gold was marginally up in the local market here on Wednesday amid a weaker rupee, according to HDFC Securities.
DCM76 BIZ-2NDLD BHARATPAY-MD-LEAVE BharatPe MD Ashneer Grover takes voluntary leave till March-end New Delhi, Jan 19 (PTI) BharatPe co-founder and managing director Ashneer Grover, who was recently embroiled in a controversy over purportedly using abusive language against Kotak Mahindra Bank staff, has taken a voluntary leave till March-end.
DCM50 BIZ-TAX-ADVANCE RULING FinMin notifies e-advance ruling scheme, allows filing e-mail application New Delhi, Jan 19 (PTI) The finance ministry has notified the ‘e-advance rulings Scheme’, enabling taxpayers to file their application for advance ruling through e-mail, a move that will majorly benefit non-resident assesses in such proceedings.
DCM11 BIZ- LD IEX-INDIANOIL IEX divests 4.93pc equity stake in gas exchange platform to Indian Oil New Delhi, Jan 19 (PTI) Indian Energy Exchange (IEX) on Wednesday announced divestment of 4.93 per cent of its equity stake in Indian Gas Exchange (IGX) to oil major Indian Oil Corporation.
DCM71 BIZ-LD LIQUOR-UK-FTA Cut import duty gradually on alcoholic beverages under India-UK FTA; not unfairly: CIABC to govt New Delhi, Jan 19 (PTI) The apex body for liquor firms Confederation of Indian Alcoholic Beverage Companies has urged the government to gradually reduce customs duties on British alcoholic beverages under the proposed India-UK free trade agreement, and not in an unfair manner as that could impact domestic players.
DCM67 BIZ-STOCKS-WEALTH Investors’ wealth tumbles by over Rs 5.24 lakh crore in 2-day market sell-off New Delhi, Jan 19 (PTI) Investors’ wealth has eroded by Rs 5,24,647.66 crore in last two days as markets saw a hectic sell-off on Wednesday as well.
DCM16 BIZ-TATAMOTORS-CNG Tata Motors forays into CNG segment; drives in CNG trims of Tiago, Tigor New Delhi, Jan 19 (PTI) Tata Motors on Wednesday forayed into the CNG segment with the launch of Tiago and Tigor trims, priced between Rs 6.09 lakh and Rs 8.41 lakh respectively (ex-showroom Delhi). PTI HRS HRS hrs
