BUSINESS HIGHLIGHTS
New Delhi, Aug 6 (PTI) Following are the top business stories at 2100 hours: DEL61 BANGLADESH-LD FLIGHTS **** AI to operate evening flight to Dhaka; Vistara to resume services from Wed New Delhi: Air India will operate its scheduled flight from the national capital to Dhaka on Tuesday evening while Vistara's scheduled services to the Bangladesh capital will be operational from August 7. **** DEL89 BIZ-LD-RUPEE **** Rupee recovers from all-time low level to settle 17 paise higher at 83.92/USD Mumbai: The rupee recovered from its all-time low level and settled for the day 17 paise higher at 83.92 against the US dollar on Tuesday, on suspected intervention by the Reserve Bank. **** DEL45 BIZ-RBI-MPC **** RBI starts deliberations on monetary policy amid expectations of status quo on interest rate Mumbai: Reserve Bank's rate-setting panel started its three-day deliberations for the next set of bi-monthly monetary policy amid expectations of no change in benchmark interest rate in view of concerns on inflation and economic growth remaining steady. **** DEL51 BIZ-LD-STOCKS **** Stock markets stumble after early gains; Sensex loses 166 pts, Nifty ends below 24,000 mark Mumbai: Stock markets surrendered early gains and settled lower in volatile trade on Tuesday with Sensex losing 166 points and Nifty ending below the 24,000 level due to fag-end selling in banking and telecom stocks. **** DEL70 BIZ-CCI-LD APPLE **** Competition Commission seeks Apple's reply on investigation report New Delhi: Fair trade watchdog CCI has sought a reply from Apple on the investigation report which has found that the technology major allegedly violated competition norms with respect to its App Store, according to sources. **** DEL60 BIZ-GOLD **** Gold plunges Rs 1,100 to Rs 71,700 per 10g; silver plummets Rs 2,200 New Delhi: Gold prices plunged by Rs 1,100 to Rs 71,700 per 10 grams in the national capital on Tuesday due to weak demand from jewellers. **** DEL67 BIZ-STOCKS-WEALTH **** D-Street investors' wealth erodes by Rs 22 lakh crore in three days of market crash New Delhi: Investors' wealth eroded by a whopping Rs 22 lakh crore in three days of market slump with the BSE benchmark Sensex tanking 4 per cent. **** DCM82 BIZ-RESULTS-2NDLD VEDANTA **** Vedanta Q1 profit surges 37 pc to Rs 3,606 cr on improved margins New Delhi: Mining conglomerate Vedanta Ltd on Tuesday reported 36.5 per cent rise in consolidated net profit at Rs 3,606 crore for June quarter FY25 due to improved margins and robust cost reduction across all operations. **** DCM45 BIZ-BANGLADESH-TEXTILE **** Bangladesh crisis poses "significant concerns" for India's textile, apparel industry: CITI New Delhi: Bangladesh, which is facing its worst political crisis since Independence in 1971, poses "significant concerns" for India's textile and apparel sector, particularly for companies operating factories in the neighbouring country, the Confederation of Indian Textile Industry said on Tuesday.
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