BUSINESS HIGHLIGHTS

New Delhi, Aug 20 (PTI) Following are the top business stories at 2100 hours: DCM57 BIZ-INFLATION-RESEARCH PAPER **** Abandoning RBI's inflation target regime could be risky, counterproductive: Research paper New Delhi: The Reserve Bank of India's (RBI's) inflation targeting regime has worked well and need not be abandoned in favour of a more discretionary regime that could be risky and counterproductive, a new research paper has said. **** DEL88 BIZ-FSSAI **** Food cos get 4 more months to exhaust packaging materials claiming 100% fruit juices New Delhi: Food regulator FSSAI has given four more months till December-end to food business operators to exhaust all pre-printed packaging materials claiming '100 per cent fruit juices' in their packaged juice products. **** DEL25 PREZ-CRITICAL MINERALS **** President Murmu stresses upon increasing focus on critical minerals for green transition New Delhi: President Droupadi Murmu on Tuesday stressed upon the need to increase the focus on critical minerals for green transition. **** DEL59 BIZ-LD STOCKS **** Sensex rebounds 370 points; bank, finance stocks spurt Mumbai: Stock market benchmark indices Sensex and Nifty found firmer ground on Tuesday, propelled by robust buying in banking, financial and auto stocks amid a largely firm trend in global equities. **** DEL94 BIZ-LD RUPEE **** Rupee rises 10 paise to 83.77 against US dollar Mumbai: The Indian rupee stayed firm for the second straight session and settled 10 paise higher at 83.77 against the US dollar on Tuesday, buoyed by positive domestic equity markets, weak American currency and lower crude oil prices. **** DEL85 BIZ-SERUM INSTITUTE-MPOX **** Serum Institute says working to develop Monkeypox vaccine New Delhi: Serum Institute of India on Tuesday said it is currently working to develop a vaccine for Monkeypox, with positive outcomes expected in a year's time. **** DCM87 BIZ-IDBIBANK-RATE **** IDBI Bank hikes FD rate to 7.85 pc for 444-day tenure New Delhi: With an aim to garner more deposits, IDBI Bank on Tuesday increased its fixed deposit rate to 7.85 per cent for 444-day tenure for a limited period. **** DEL57 BIZ-GOLD-PRICE **** Gold rallies Rs 1,400 to Rs 74,150 per 10 grams; silver jumps Rs 3,150 New Delhi: Gold prices saw the sharpest gain in the past one month and rallied by Rs 1,400 to touch Rs 74,150 per 10 grams in the local market on Tuesday, amid strong global cues. **** PTI SGC SHW