BUSINESS HIGHLIGHTS
New Delhi, Jul 31 (PTI) Following are the top business stories at 2050 hours: DEL44 BIZ-LD GADKARI-FM-GST **** Gadkari urges FM to withdraw 18 pc GST on life, medical insurance premiums New Delhi: Union Minister of Road Transport and Highways Nitin Gadkari has requested Finance Minister Nirmala Sitharaman to withdraw the 18 per cent goods and services tax (GST) on life and medical insurance premiums. **** PAR46 RS-BUD-LD FM **** FM says Budget balanced, takes care of all segments New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the Union Budget strikes a fine balance between growth, employment, and fiscal consolidation, and promotes cooperative federalism. **** DEL71 BIZ-FISCAL DEFICIT **** Fiscal deficit stood at 8.1 pc of full-year target at June-end: CGA data New Delhi: The Centre's fiscal deficit at the end of the first quarter touched 8.1 per cent of the full-year target, government data showed on Wednesday. **** DEL80 BIZ-LD INFRA **** Key infra sectors growth slows down to 20-month low of 4 pc in June New Delhi: The growth in production of eight key infrastructure sectors slowed down to a 20-month low of 4 per cent in June this year due to a decline in the output of crude oil and refinery products, according to official data released on Wednesday. **** DEL97 BIZ-2ND LD RESULTS-MARUTI **** Maruti Suzuki Q1 profit jumps 47 pc to Rs 3,650 cr New Delhi: Maruti Suzuki India on Wednesday reported 47 per cent rise in net profit to Rs 3,650 crore for June quarter FY25, riding on the back of cost reduction efforts, favourable commodity prices and foreign exchange gains. **** DEL111 BIZ-LD RUPEE **** Rupee settles 1 paisa higher at 83.72 against US dollar Mumbai: The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 83.72 against the US dollar on Wednesday, as the support from positive domestic equities was negated by month-end dollar demand from importers.**** DEL74 BIZ-LD-STOCKS **** Stock markets rise for 4th day; metal, power shares gain ahead of key Fed policy decision Mumbai: Benchmark BSE Sensex rose by nearly 286 points to close at a record high while Nifty settled above 24,950 level on Wednesday, extending their winning run to the fourth day on gains in metal, power and select auto shares. **** DCM84 BIZ-NCLAT-BYJU **** NCLAT defers hearing on Byju's-BCCI settlement on allegations of 'round-tripping' New Delhi: Insolvency appellate tribunal NCLAT on Wednesday deferred its decision on the settlement between Byju's and cricket board BCCI after its US-based creditor alleged 'round-tripping' of the money by the edtech firm’s founder. **** DCM94 BIZ-RESULTS-TATA STEEL **** Tata Steel net profit jumps 75 pc to Rs 918.57 cr in April-June New Delhi: Steel major Tata Steel on Wednesday reported a 75 per cent rise in its consolidated net profit at Rs 918.57 crore in June 2024 quarter as the company managed to reduce its expenses. **** DCM93 BIZ-VEDANTA-DEMERGER **** Vedanta receives clearances from BSE, NSE for proposed demerger New Delhi: Mining conglomerate Vedanta Ltd on Wednesday said it has received clearances from leading exchanges BSE and NSE for its proposed demerger. **** DCM96 BIZ-RESULTS-LD BOB BoB net rises 6 pc to Rs 4,727.81 cr as bank calibrates loan growth Mumbai: Bank of Baroda on Wednesday reported a 6.19 per cent growth in June quarter consolidated net profit at Rs 4,727.81 crore, as the state-run lender calibrated loan growth. **** DEL101 BIZ-BSE-MCAP **** Mcap of BSE-listed companies jumps to lifetime peak of Rs 462.38 lakh cr New Delhi: The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 462.38 lakh crore on Wednesday helped by a four-day rally in benchmark indices. **** DEL64 BIZ-GOLD-PRICE **** Gold rises Rs 350; Silver jumps Rs 1,100 New Delhi: Gold prices rose Rs 350 to Rs 71,950 per 10 grams in the national capital on Wednesday, taking cues from domestic demand and global trends. **** PTI SGC MR SHW SHW
