Business highlights

Following are the top business stories at 1920 hours: DEL80 BIZ-GDP Indian economy grows by 0.4 pc in Oct-Dec New Delhi: After contracting for two quarters in a row, the Indian economy grew by 0.4 per cent in the October-December quarter amid coronavirus pandemic, official data showed on Friday.

DEL56 BIZ-LD STOCKS Sensex posts worst day in 10 mths, sinks 1,940 pts amid global meltdown Mumbai: The BSE Sensex crashed about 1,940 points to post its biggest single-day fall in nearly 10 months and the NSE Nifty plunged over 568 points to crack below the psychological 15,000-mark on Friday, tracking global selloffs triggered by a panic in bond markets overseas.

DEL82 BIZ-LD RUPEE Rupee logs worst day in nearly 19 mths, dives 104 paise against USD Mumbai: The Indian rupee on Friday posted its biggest single-day fall in nearly 19 months, tumbling 104 paise to close at 73.47 against the US dollar as a rout in global bond markets weighed on investor sentiments. DEL60 BIZ-INFRA Eight core industries' output up 0.1 pc in Jan New Delhi: The output of eight core infrastructure sectors grew marginally by 0.1 per cent in January, mainly due to growth in the production of fertiliser, steel and electricity.

DEL41 BIZ-GOLD-PRICE Gold declines Rs 342; silver plummets by Rs 2,007 New Delhi: Gold prices on Friday declined by Rs 342 to Rs 45,599 per 10 grams and silver plummeted by Rs 2,007 to Rs 67,419 per kg in the national capital, due to selling in the international market, according to HDFC Securities.

DEL38 BIZ-LD PM-FINANCIAL SECTOR PM asks banks to come out with innovative products for startups, fintech New Delhi: Prime Minister Narendra Modi on Friday stressed on increasing credit to businesses to meet the needs of a fast reflating economy and said financial products will have to be tailor-made for fintech and startups.

DCM40 BIZ-FISCAL DEFICIT Fiscal deficit soars to Rs 12.34 lakh cr at end of January New Delhi: The central government's fiscal deficit soared to Rs 12.34 lakh crore or 66.8 per cent of the revised budget estimates at the end of January of the current fiscal.

DCM34 BIZ-STOCKS-WEALTH Market crash wipes off Rs 5.3 lakh cr of investor wealth New Delhi: Investor wealth slumped by a whopping Rs 5.3 lakh crore on Friday as the benchmark BSE Sensex crashed more than 1,900 points to post its biggest single-day fall in nearly ten months.

DCM44 BIZ-FM-IFSC Budget announcement on tax incentives to give traction to IFSC: FM New Delhi: Finance Minister Nirmala Sitharaman on Friday said the tax sops announced in the recent budget will give traction to the international financial sector in GIFT City.