BUSINESS HIGHLIGHTS
New Delhi, Aug 14 (PTI) Following are the top business stories at 2030 hours: DEL76 PREZ-ECONOMY **** Groundwork laid for a new era of economic reforms: President Murmu New Delhi: President Droupadi Murmu on Wednesday declared that the groundwork has been laid for a new era of economic reforms aimed at elevating India to the status of a developed nation. **** DEL22 BIZ-LD INFLATION **** Wholesale inflation falls to 3-month low of 2.04 pc in July as food prices ease New Delhi: Wholesale inflation fell to a 3-month low of 2.04 per cent in July on decline in prices of food items especially vegetables, government data released on Wednesday showed. **** DEL48 BIZ-LD TRADE **** India's exports dip 1.2 pc in Jul to enter negative zone; trade deficit widens to USD 23.5 bn New Delhi: After remaining in the positive zone for three months, India's exports contracted 1.2 per cent to USD 33.98 billion in July, while the trade deficit widened to USD 23.5 billion. **** DEL42 BIZ-LD-STOCKS **** Sensex rises 150 pts snaps 2-day losing streak on rebound in IT shares Mumbai: Snapping its two-day losing streak, benchmark BSE Sensex closed higher by 150 points on Wednesday following a rally in IT stocks amid a surge in the US markets on renewed hopes of a rate cut by the Fed in September. **** DEL90 BIZ-LD RUPEE **** Rupee rises 3 paise against US dollar Mumbai: The rupee traded in a narrow range to settle 3 paise higher at 83.94 against the American currency on Wednesday, helped by a sharp decline in the US Dollar against major currencies overseas. **** DCM21 BIZ-LD NCLAT-COFFEE DAY **** NCLAT stays insolvency proceedings against Coffee Day Enterprises till next date of hearing New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed the insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), which operates the Cafe Coffee Day chain, till the next date of hearing. **** DCM34 BIZ-TAX-UIDAI **** FinMin exempts UIDAI from payment of income tax New Delhi: The finance ministry has exempted the income of Unique Identification Authority of India (UIDAI) from payment of income tax for five years till fiscal 2027-28. **** DCM65 BIZ-RESULTS-LD-OLA ELECTRIC **** Ola Electric Mobility losses widen to Rs 347 cr in Apr-Jun quarter Mumbai: Ola Electric Mobility on Wednesday reported a higher consolidated loss of Rs 347 crore for the April-June quarter compared to the year-ago period. **** DCM84 BIZ-MINERALS ROYALTY-2ND LD REAX **** SC verdict on mining royalty case to have large financial impact; arrears may hit Rs 2 lakh cr New Delhi: The Supreme Court verdict on mining royalty case will give a further jolt to the Indian mining industry and will have huge financial implications, as arrears may work out to the tune of Rs 1.5-2 lakh crore, since April 2005, industry players said. **** DEL44 BIZ-GOLD-PRICE **** Gold rises Rs 300 per 10 g; silver declines Rs 300 New Delhi: Gold prices rose Rs 300 to Rs 73,150 per 10 grams in the national capital on Wednesday amid a jump in precious metal rates in the international markets. **** PTI SGC SHW
