BUSINESS HIGHLIGHTS
New Delhi, Aug 12 (PTI) Following are the top business stories at 2053 hours: DEL67 BIZ-LD HINDENBURG-SEBI **** Hindenburg asks Sebi chief to come clean on consulting firm she held stake in New Delhi: Continuing its broadside against Sebi chairperson Madhabi Puri Buch, US short-seller Hindenburg Research has asked her to come clean on the clients of a consulting firm in which she held stake even while being in office. **** DEL17 BIZ-BHARTI 2NDLD BT GROUP **** Bharti to acquire 24.5 pc stake in BT worth USD 4 bn New Delhi: Telecom czar Sunil Bharti Mittal's conglomerate will buy a 24.5 per cent stake in Britain's largest broadband and mobile company, BT Group, worth about USD 4 billion. **** DEL74 BIZ-LD RUPEE **** Rupee falls 2 paise to settle at 83.97 against US dollar MUMBAI: The rupee consolidated in a narrow range and settled for the day lower by 2 paise at 83.97 against the American currency on Monday, as market participants remained on the sidelines ahead of the release of key domestic macroeconomic data. **** DEL44 BIZ-LD-STOCKS *** Stock markets close lower amid Hindenburg-Sebi-Adani row; Pvt banks lend support Mumbai: Stock markets closed marginally lower in highly volatile trade on Monday as gains in private banks helped benchmark Sensex recoup some of the early losses inflicted by allegations against Sebi chief Madhabi Puri Buch and her husband by the US short-seller Hindenburg Research. **** DEL46 BIZ-HINDENBURG-DEA SECY **** Nothing more for govt to add: DEA Secretary on Hindenburg report on Sebi Chief New Delhi: The Finance Ministry on Monday said it has nothing more to add to the statements given by the Securities and Exchange Board of India and its chairperson Madhabi Puri Buch regarding Hindenburg's latest report. **** DEL47 BIZ-GOLD **** Gold rises Rs 200, silver rallies Rs 1,000 per kg New Delhi: Gold prices rose by Rs 200 to Rs 72,350 per 10 grams while silver prices rallied by Rs 1,000 per kg in the local market here on Monday amid firm global trends. **** DEL60 BIZ-STOCKS-2NDLD ADANI **** Adani stocks shrug off initial losses as market recovers; two stocks end in green Mumbai: Adani group stocks on Monday shrugged off initial losses resulting from Hindenburg Research allegations against market regulator, as a rise in broader market helped two of the group companies end in green. **** DEL64 BIZ-LD INFLATION **** Retail inflation slips to 5-yr low of 3.54 pc in July New Delhi: Retail inflation declined to a five-year low of 3.54 per cent in July mainly on account of subdued prices of food items, and base effect, according to official data released on Monday. **** DEL58 BIZ-HINDENBURG-FINMIN **** Former finmin official writes to FM seeking judicial probe into Hindenburg allegations New Delhi: Former bureaucrat E A S Sarma has written to Finance Minister Nirmala Sitharaman seeking a judicial probe into allegations of a conflict of interest preventing Sebi chairperson from probing charges against Adani group. **** DEL59 BIZ-LD IIP **** IIP growth slows to 5-month low of 4.2 pc in Jun: Govt data New Delhi: India's industrial production slowed to a five-month low of 4.2 per cent in June 2024, mainly due to poor performance of the manufacturing sector, though power and mining sectors continue to perform well, as per official data released on Monday. **** DCM10 BIZ-STOCKS-OLA ELECTRIC **** Ola Electric shares extend listing-day gains; jump 20 pc 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 on Monday, extending their listing-day rally. **** DCM49 BIZ-RBI-COMMITTEE **** RBI sets up expert committee on benchmarking of its statistics Mumbai: The RBI on Monday announced setting up a committee under deputy governor Michael Debabrata Patra on benchmarking the statistics regularly disseminated by it against global standards. **** DCM51 BIZ-ADANI GREEN-GROWTH **** Adani Green Energy to see 30 pc CAGR capacity growth New Delhi: Adani Green Energy Ltd, the renewable energy firm of billionaire Gautam Adani's conglomerate, is expected to clock an operational capacity CAGR of over 30 per cent to reach more than 50 GW of capacity by 2030, a report said on Monday. **** DCM71 BIZ-HINDENBURG-LD REIT **** Hindenburg allegations: Sebi chief gets backing of REIT and alternate capital industry bodies Mumbai: Industry bodies representing the Real estate investments trusts (REITs) and alternate capital on Monday came in support of embattled Sebi chief Madhabi Puri Buch facing allegations by US short-seller Hindenburg Research of having stakes in obscure offshore funds linked to Adani group. **** PTI SGC BAL BAL
