BUSINESS HIGHLIGHTS
New Delhi, Aug 9 (PTI) Following are the top business stories at 2030 hours: DCM67 BIZ-IOC **** IOC to raise refining capacity by 25% to meet India's oil needs: Chairman New Delhi: State-owned Indian Oil Corporation (IOC) plans to raise oil refining capacity by a quarter to meet rising energy needs of India, the world's fastest growing economy, its chairman Shrikant Madhav Vaidya said on Friday. **** DEL93 BIZ-LD RUPEE **** Rupee rises 2 paise to close at 83.95 against US dollar Mumbai: The rupee consolidated in a narrow range and settled for the day higher by 2 paise at 83.95 against US dollar on Friday, supported by gains in the domestic markets.
DEL60 BIZ-LD-STOCKS **** Sensex bounces back 819 pts on global stocks rally, gains in RIL, Infosys Mumbai: Benchmark equity indices Sensex and Nifty rebounded 1 per cent each on Friday following buying in blue-chips such as Reliance and Infosys amid a rally in global equity markets. **** DCM65 BIZ-STOCKS-WEALTH **** Investors' wealth swells by Rs 4.46 lakh cr as stocks rebound New Delhi: Market investors became richer by Rs 4.46 lakh crore on Friday as stocks made a smart comeback after the previous day's decline, driven by a rally in global peers. **** DCM64 BIZ-STOCKS-2NDLD OLA ELECTRIC **** Ola Electric Mobility shares jump 20 pc to hit upper circuit limit after flat market debut New Delhi: Shares of Bhavish Aggarwal-led electric two-wheeler company Ola Electric Mobility Ltd surged 20 per cent to hit the upper circuit limit against the issue price of Rs 76 after listing on a flat note earlier in the day on Friday. **** DEL57 AVI-AIR INDIA-ISRAEL **** Air India suspends Tel Aviv flights till further notice New Delhi: Air India on Friday announced suspension of flights to and from Tel Aviv till further notice amid escalating tensions between Israel and Iran. **** DEL70 BIZ-GOLD-PRICE **** Gold jumps Rs 1,100; Silver bounces Rs 1,400 New Delhi: Gold price rallied Rs 1,100 to Rs 72,450 per 10 grams in the national capital on Friday, taking cues from the global market and a rise in domestic demand. **** DEL62 BIZ-RBI-FOREX **** Forex reserves jump by USD 7.533 bn to record USD 674.91 bn Mumbai: India's forex reserves jumped by USD 7.533 billion to a new record high of USD 674.919 billion for the week ended August 2, the Reserve Bank said on Friday. **** DCM30 BIZ-LD-NBCC **** NBCC bags Rs 15,000 crore work order to develop satellite township project in Srinagar New Delhi: State-owned firm NBCC has bagged a big-ticket Rs 15,000 crore contract from the Jammu & Kashmir government to develop a 406-acre satellite township project in Srinagar. **** PTI SHW SHW
