Business highlights

Following are the top business stories at 1900 hours:-

DCM19 BIZ-RCOM-ERICSSON New Delhi: Racing against time to meet the Supreme Court's deadline, Reliance Communications (RCom) has paid Rs 458.77 crore of dues to Swedish telecom equipment maker Ericsson, according to sources.

DCM23 BIZ-NCLAT-LD ESSAR

New Delhi: The National Company Law Appellate Tribunal Monday gave a conditional go-ahead to a Rs 42,000 crore offer by world's largest steelmaker ArcelorMittal to buy Essar Steel, taking the billionaire Lakshmi Mittal closer to his dream of opening a shop in his home country.

DCM12 BIZ-ACCOUNTANTS-DATA New Delhi: As many as 131 chartered accountants Monday stressed that India is poised to move on a higher growth trajectory and countered the concerns expressed by some economists and social scientists that economic statistics in the country are in shambles.

DEL29 BIZ-RUPEE-CLOSE

New Delhi: The Indian rupee Monday surged by 57 paise to close at an over seven-month high of 68.53 against the US dollar, also marking a sixth straight session of gains, driven by sustained foreign fund inflows and narrowing trade deficit.

DEL26 BIZ-DATA-CREDIBILITY New Delhi: The government is committed to maintaining the credibility of statistical organisations and the NSSO employment data would be released by month-end, a senior official said Monday as he dismissed concerns about alleged political interference in statistical data.

DEL17 BIZ-BULLION-CLOSE

New Delhi: A weak global trend and easing demand from local jewellers pulled down gold prices by Rs 280 to Rs 32,830 per 10 gram at the bullion market Monday, according to All India Sarafa Association.

DEL22 BIZ-STOCKS-CLOSE Mumbai: Extending its winning streak to the sixth consecutive session, the BSE Sensex gained over 70 points Monday as stocks made further headway powered by unabated foreign fund inflows and narrowing country's trade deficit amid positive global cues.

BCM7 BIZ-JETAIRWAYS-DEFAULT

Mumbai:Struggling Jet Airways Monday said it does not have the money to pay interest to its debenture-holders, due Tuesday.