BUSINESS HIGHLIGHTS
New Delhi, Aug 1 (PTI) Following are the top business stories at 2035 hours: DEL133 BIZ-GST-LD COLLECTIONS **** GST collections at third-highest-ever in Jul; rise 10.3 pc to Rs 1.82 lakh cr New Delhi: GST collections in July rose 10.3 per cent to over Rs 1.82 lakh crore, mainly driven by domestic transactions in goods and services, according to official data released on Thursday. **** DEL18 BIZ-ATF-PRICE-HIKE **** ATF price hiked 2 pc, commercial LPG up Rs 6.5 per cylinder New Delhi: Jet fuel, or ATF price, on Thursday was hiked 2 per cent and the rate of commercial LPG used by hotels and restaurants by Rs 6.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends. **** DCM54 BIZ-TOMATO-PRICES **** From Friday, Govt to sell subsidised tomatoes at Rs 50/kg in Delhi-NCR, Mumbai against Rs 60/kg now New Delhi: The government will start selling tomatoes at a subsidised rate of Rs 50 per kg from Friday in Delhi-NCR and Mumbai retail markets as against Rs 60 per kg now to provide relief to the common man. **** DCM127 BIZ-ADANI-SHARE SALE **** Druckenmiller bets on Adani; Adani Energy's $1-bn QIP subscribed 6x with Rs 50k cr demand New Delhi: Billionaire Stanley Druckenmiller's family office-led investment firms have made their maiden bet on Adani group, seeking shares of the conglomerate's power transmission unit in an institutional sale that was oversubscribed six-times and fetching demand of over Rs 50,000 crore against an issue size of USD 1 billion. **** DCM124 BIZ-NCLAT-BYJUS **** No round-tripping, Rs 159 cr came via share sale to settle BCCI's dues: Byju's promoters in NCLAT New Delhi: Byju's promoters on Thursday told insolvency appellate tribunal NCLAT that the company has raised Rs 159 crore through sale of shares to settle cricket board BCCI's dues, denying allegations of round-tripping. **** DEL88 BIZ-LD-STOCKS **** Sensex rises for 5th day, Nifty scales historic 25K mount on US Fed rate cut hopes Mumbai: Benchmark Sensex advanced 126 points to close at an all-time high while broader Nifty scaled the historic 25,000 mount for the first time in a volatile trade on Thursday following gains in banking and oil shares as the US Federal Reserve hinted at a rate cut by September. **** DEL135 BIZ-LD RUPEE **** Rupee settles 5 paise lower at 83.73 against US dollar Mumbai: The rupee declined 5 paise to settle at 83.73 against the US currency on Thursday amid a rise in demand for the dollar and an increase in crude oil prices. **** DCM119 BIZ-RESULTS-LD TATA MOTORS **** Tata Motors Q1 profit jumps 74 pc to Rs 5,566 cr on JLR boost New Delhi: Tata Motors on Thursday said its consolidated net profit increased 74 per cent to Rs 5,566 crore in the June 2024 quarter, aided by robust performance by Jaguar Land Rover as well as domestic business. **** DCM118 BIZ-LD NASSCOM-INFOSYS **** Multiple cos facing avoidable litigation, uncertainty: Nasscom after Infosys' Rs 32400 cr GST demand New Delhi: After Infosys was slapped with a Rs 32,403 crore GST notice, apex IT body Nasscom on Thursday said the latest tax demand reflects a lack of understanding of the industry's operating model and sheds light on sector-wide issues wherein multiple companies are facing avoidable litigation and uncertainty. **** DEL119 BIZ-LD-AUTO-SALES **** Maruti Suzuki, Hyundai sales drop due to weak demand in July New Delhi: Leading carmakers Maruti Suzuki and Hyundai on Thursday reported a dip in wholesales in July as companies reduced vehicle dispatches to dealers amid moderation in demand. **** DEL114 BIZ-GOLD **** Gold jumps Rs 550; silver rallies 600 New Delhi: Gold prices rallied Rs 550 to Rs 72,500 per 10 grams in the national capital on Thursday on higher domestic demand and positive global trends. **** PTI SHW SHW
