Business highlights

Following are the top business stories at 1915 hours:

DEL21 BIZ-LD STOCKS Market rides exit polls euphoria; Sensex soars 1,422 pts

Mumbai: Riding a wave of optimism, the Sensex Monday vaulted 1,422 points to close at a record 39,352.67 as investors cheered the exit polls predicting a clear mandate for the Narendra Modi-led NDA in the Lok Sabha elections.

DEL23 BIZ-STOCKS-INVESTOR WEALTH Investor wealth soars Rs 5.33 lakh cr as exit polls predict return of NDA govt

Mumbai: Investor wealth soared by more than Rs 5.33 lakh crore as the benchmark BSE Sensex sprinted more than 1,422 points Monday after exit polls predicted a return of the NDA government led by the BJP.

DEL20 BIZ-RUPEE-CLOSE Rupee records biggest gain in 2 months after exit poll results

Mumbai: The rupee Monday appreciated by 49 paise, the biggest single-day gain in two months, to close at 69.74 against the US dollar following sharp gains in equities and forex inflows after exit polls suggested another term for the ruling NDA government.

DEL24 BIZ-LD-AMUL-MILK Amul hikes milk prices by Rs 2/ltr in Delhi & other majort mkts from tomorrow

New Delhi: Dairy major Amul said Monday it will increase milk prices by Rs 2 per litre in Delhi NCR, Maharashtra and other states from Tuesday due to an increase in production cost.

DCM32 BIZ-RESULTS-TATA MOTORS Tata Motors Q4 net dips 49% to Rs 1,109 cr

New Delhi: Homegrown auto major Tata Motors Monday reported 49 per cent decline in consolidated net profit to Rs 1,108.66 crore for the fourth quarter ended March 31.

DCM15 BIZ-GOLD-IMPORTS Gold imports rise 54 pc to USD 3.97 billion in April

New Delhi: Gold imports increased 54 per cent to USD 3.97 billion in April, widening the country's trade deficit and fuelling worries about the current account deficit (CAD).

DCM36 BIZ-BHALLA-ECONOMICAGENDA Next govt should abolish MSP in 3 years, cut corporate tax by 5 pc: Surjit Bhalla

New Delhi: The next government should reduce corporate tax by 5 per cent, should expand income support scheme, abolish the minimum support price (MSP) mechanism in the next three years and bring reforms in agriculture sector, noted economist Surjit Bhalla said Monday.

DEL10 BIZ-BULLION-CLOSE Gold loses sheen, falls Rs 150 on lacklustre demand

New Delhi: Gold prices Monday fell Rs 150 to Rs 32,720 per 10 gram in the national capital due to lacklustre demand from local jewellers amid weak trend overseas, according to the All India Sarafa Association.

DCM2 BIZ-RAILTEL-IPO Govt to divest 25% in RailTel, invites bids from merchant bankers to manage IPO

New Delhi: The government is looking to divest up to 25 per cent stake in RailTel Corporation, and is scouting for merchant bankers to manage the listing process.