Business highlights

Following are the top business stories at 2050 hours: FGN45 BIZ-ADB-NIRMALA Need to focus on infra, investment, innovation, inclusivity for sustainable growth: Nirmala Sitharaman Incheon: Finance Minister Nirmala Sitharaman on Wednesday underlined the need for focussing on four Is -- infrastructure, investment, innovation and inclusivity -- to achieve sustainable growth in the long-term.

DEL49 BIZ-LD STOCKS Markets pause 8-day rally; all eyes on US Fed interest rate decision Mumbai: Benchmark indices ended lower on Wednesday, halting their eight days of rally, ahead of the US Federal Reserve's interest rate decision and mixed global market trends.

DEL36 BIZ-RUPEE-CLOSE Rupee gains 6 paise to close at 81.81 against US dollar Mumbai: The rupee consolidated in a narrow range and settled for the day higher by 6 paise at 81.81 (provisional) against the US dollar on Wednesday, tracking the weakness of the American currency in the overseas market.

DCM34 AVI-NCLT-GO FIRST NCLT to hear crisis hit Go First's insolvency plea on May 4 New Delhi: The National Company Law Tribunal tribunal (NCLT) on Thursday will hear cash-strapped air carrier Go First's voluntary insolvency resolution plea.

DEL53 BIZ-ADANI-AUDITOR Auditor named in Hindenburg report resigns from Adani company New Delhi: A small Ahmedabad-based chartered accountancy firm, whose appointment was questioned by a US short seller in its scathing report against the conglomerate run by billionaire Gautam Adani, has resigned due to ''pre-occupation'', Adani Total Gas Ltd said.

DCM96 BIZ-IRDAI-REMUNERATION Irdai proposes fresh guidelines for remuneration of core management team of private insurers New Delhi: Insurance sector regulator Irdai on Wednesday proposed a revised guidelines for remuneration for non-executive directors and persons in key managerial positions of private insurers to ensure alignment of compensation with prudent risk management.

DEL44 AVI-AIRLINES-CLOSURE In three decades, one domestic airline on average went belly up every year New Delhi/ Mumbai: One scheduled airline on an average has gone out of business every year since private airlines took to the skies nearly three decades ago, with Wadia group-owned Go First being the latest carrier battling financial turbulence for survival.

DEL40 BIZ-GOLD-PRICE Gold rallies Rs 670; silver zooms Rs 1,150 New Delhi: Gold prices rallied Rs 670 to Rs 60,750 per 10 grams in the national capital on Wednesday amid strong global cues, according to HDFC Securities.