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Business highlights


PTI new delhi
Updated: 05-02-2019 19:32 IST
Business highlights

Following are the top business stories at 1925 hours:

DEL24 BIZ-JAITLEY-RETURN New Delhi: Union Minister Arun Jaitley is likely to return back from the United States, where he has been undergoing medical treatment, by this weekend, a source with knowledge of the matter said.

DCM9 BIZ-RESULTS-PNB

New Delhi: Punjab National Bank (PNB) Tuesday posted 7.12 per cent increase in net profit at Rs 246.51 crore for its third quarter ended December 31, 2018, driven by lower provisioning for bad loans.

DCM43 BIZ-LD MOODYS-FISCAL DEFICIT New Delhi: The direct cash transfer programme for farmers and tax relief steps for the middle-class will give a fiscal stimulus of about 0.45 per cent of GDP, and support growth through increased consumption, though at a fiscal cost, Moody's Investors Service said Tuesday.

DEL29 BIZ-LD STOCKS

Mumbai: Benchmark equity indices ended marginally higher after a choppy session Tuesday, with investors largely remaining on the sidelines as the RBI's monetary policy review meeting got underway.

DEL35 BIZ-RUPEE-CLOSE Mumbai: Snapping its two-day losing streak, the rupee ticked higher by 23 paise to close at 71.57 per US dollar Tuesday amid fresh foreign fund inflows and gains in domestic equities.

DEL10 BIZ-LD JAITLEY-MAMATA

New Delhi: Union Minister Arun Jaitley Tuesday termed West Bengal Chief Minister Mamata Banerjee's protest against CBI as a "disproportionate over-reaction” and said opposition leaders supporting her is like a "kleptocrat’s club" aspiring to capture the reigns of power in the country.

DCM31 BIZ-RBI-MPC New Delhi: The RBI's Monetary Policy Committee (MPC) Tuesday began 3-day meet to decide on key rates amid expectations it would change stance to neutral on low inflation but may not cut rates due to fiscal challenges and rising oil prices.

DCM11 BIZ-NCLAT-ILFS

New Delhi: The National Company Law Appellate Tribunal (NCLAT) has asked the government to provide a list of IL&FS group companies along with their categorisation based on their respective financial positions to pay their debt.

DCM51 BIZ-TELECOM-RAILWAYS New Delhi: The Department of Telecom will seek views of telecom regulator Trai on allocation of spectrum worth Rs 65,000 crore to Indian Railways without auction, a top official said Tuesday.

DCM54 BIZ-DISH TV INVESTMENT

New Delhi: Essel Group's DTH arm Dish TV Tuesday said it will invest around Rs 3,000 crore in its wholly-owned subsidiary Dish Infra Services through a right issue.

DCM14 BIZ-LPG-LARGEST CONSUMER New Delhi: The government's push to provide clean cooking fuel to every household has turned India into the world's second largest LPG consumer whose demand is projected to rise 34 per cent by 2025, Oil Secretary M M Kutty said Tuesday.

DEL8 BIZ-BULLION-CLOSE

New Delhi: Extending the upward trend, gold prices Tuesday gained marginally by Rs 25 to Rs 34,475 per 10 gram at the bullion market in the national capital, tracking firm trend overseas, according to All India Sarafa Association.


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