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Business highlights


PTI new delhi India
Updated: 19-12-2018 19:23 IST

Following are the business highlights at 1915 hours:

DEL30 BIZ-NITI-LD DOCUMENT

New Delhi: Niti Aayog Wednesday unveiled its much awaited 'Strategy for New India @ 75' document with an aim to accelerate growth to 8-9 per cent and make the country a USD 5-trillion economy by 2030.

DEL19 BIZ-NITI-LOANWAIVERS

New Delhi: Joining the debate on farm loan waivers, government think-tank Niti Aayog Wednesday said such a move helps only a fraction of farmers and is no solution to mitigate agrarian distress.

DEL26 AVI-2NDLD BOEING

New Delhi: Indian airlines are projected to need 2,300 planes worth USD 320 billion in the next 20 years amid unprecedented domestic passenger growth, aircraft maker Boeing said Wednesday as it raised the forecast for the country.

DEL16 BIZ-LD STOCKS-CLOSE

Mumbai: Continuing its rising streak for the seventh session, market benchmark BSE Sensex rose over 100 points Wednesday, driven by gains in index majors like Asian Paints, Axis Bank and SBI amid strengthening rupee and falling global crude prices.

BCM9 BIZ-RBI-PSB-MEETING

Mumbai: Reserve Bank governor Shaktikanta Das Wednesday met more state-run bankers to discuss the issues related to relaxing the prompt corrective action (PCA) framework, liquidity and credit flows to MSMEs, bankers said.

DEL25 BIZ-RUPEE-CLOSE

Mumbai: The rupee pared early gains but managed to end 5 paise higher at 70.39 against the US dollar Wednesday on increased selling of the greenback by exporters amid benign crude oil prices and smart gains in domestic equities.

DCM14 BIZ-JAITLEY

New Delhi: In an apparent attack on the opposition, Finance Minister Arun Jaitley Wednesday said sound policy, not slogans will help in alleviating poverty and fulfilling aspirations of people.

DEL23 BIZ-MARUTI-EV CESS

New Delhi: Imposing cess on conventional vehicles to promote electric cars will not serve the purpose as only the rich would end up receiving subsidies, Maruti Suzuki Chairman R C Bhargava said Wednesday.

DCM41 BIZ-GARG-RBI

New Delhi: Economic Affairs Secretary Subhash Chandra Garg Wednesday said the government will seek interim dividend from the Reserve Bank of India.

DCM34 BIZ-NITI-HIGHWAYS

New Delhi: Government think tank Niti Aayog in its strategy document Wednesday suggested for the road sector a host of measures including expanding size of public fleet, augmenting highways network and road capacity, improving regulatory frameworks for better compliance and safety, among others.

DCM23 BIZ-NITI-POWER

New Delhi: Government think tank Niti Aayog in its strategy document Wednesday suggested for the power sector a plethora of reforms like promoting smart grids, auctioning of energy, privatisation of discoms, payment of subsidies by direct benefit transfer and introducing 100 per cent metering for electric supply, etc.

DCM40 BIZ-OVL-LISTING

New Delhi: The ONGC board will this week consider a demand from the government to list its overseas investment arm ONGC Videsh on bourses, but an IPO of the firm is ruled out in near future as it will have to first separate assets in sanction-hit nations and take approval of lenders.

DEL9 BIZ-BULLION-CLOSE

New Delhi: Gold prices fell by Rs 210 to Rs 31,850 per 10 gram at the bullion market Wednesday owing to tepid demand from local jewellers even as the precious metal firmed up overseas.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : India

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