BUSINESS HIGHLIGHTS

New Delhi, Aug 8 (PTI) Following are the top business stories at 2035 hours: DEL110 BIZ-2NDLD RBI **** RBI keeps interest rate unchanged for ninth time in a row Mumbai: Interest rates on home, auto and other loans are unlikely to be altered after the Reserve Bank of India on Thursday expectedly kept the benchmark rate and stance unchanged for the ninth straight policy meeting, saying it cannot afford to look through persisting high food inflation. **** DEL81 BIZ-LD-STOCKS **** Sensex falls 581 pts as RBI retains policy stance amid stubborn inflation Mumbai: Equity benchmark indices Sensex and Nifty closed nearly 1 per cent down on Thursday after the Reserve Bank of India decided to keep the policy rate unchanged for the ninth time in a row and termed food inflation "stubborn". **** DEL96 BIZ-RESULTS-LIC **** LIC profit rises 10 pc to Rs 10,461 crore in Q1 New Delhi: Life Insurance Corporation of India (LIC) on Thursday reported a 10 rise in its net profit to Rs 10,461 crore in the June 2024 quarter. **** DEL41 BIZ-RBI-FOREX **** India's forex reserves at record high of USD 675 bn: Das Mumbai: The country's forex reserves touched a record high of USD 675 billion on August 2, Reserve Bank Governor Shaktikanta Das said on Thursday. **** DEL122 BIZ-LD RUPEE **** Rupee falls 2 paisa to settle at 83.97 against US dollar Mumbai: The rupee consolidated in a narrow range and settled for the day lower by 2 paisa at 83.97 against US dollar on Thursday, after the Reserve Bank expectedly kept the benchmark interest rate and stance unchanged for the ninth straight policy meeting. **** DCM63 BIZ-NCLT-IIHL-RCAP **** NCLT asks Hinduja-led IIHL to deposit Rs 2,750 cr in a special escrow account within 48 hours Mumbai: The National Company Law Tribunal on Thursday directed the Hinduja Group-promoted IndusInd International Holdings (IIHL) to deposit Rs 2,750 crore in a special escrow account within 48 hours as part of Reliance Capital's resolution plan. **** DCM18 BIZ-BYJUS **** US court rejects GLAS' application for temporary restraining BCCI settlement: Byju's New Delhi: A US court has rejected GLAS Trust Company's application for a temporary restraining order aimed at blocking the BCCI settlement, edtech firm Byju's said on Thursday. **** DEL112 BIZ-TRAI-SPAM CALLS **** Entities found misusing bulk connections for spam calls to face disconnection, blacklisting: TRAI New Delhi: In a major crackdown against pesky calls by spammers, TRAI on Thursday said telcos will disconnect the telecom resources of entities that are found misusing bulk connections for making spam calls, and such entities would face blacklisting by all operators for up to two years. **** DEL86 BIZ-RBI-LD-DAS **** Trend of top-up loans for speculative use restricted to few banks, not system-level problem: Das Mumbai: Reserve Bank Governor Shaktikanta Das on Thursday said the "trend" of using top-up loans for speculative use has been found in certain banks and is not a systemic level problem. **** DEL89 BIZ-GOLD **** Silver plunges by Rs 1,100 per kg; gold flat at Rs 71,350 per 10 g New Delhi: Gold prices ruled flat at Rs 71,350 per 10 grams while silver prices declined by Rs 1,100 per kg in the local market here on Thursday, according to the All India Sarafa Association. **** PTI SHW