Business highlights

Following are the top business stories at 1830 hours:

BCM18 RBI-CONTINGENCY-RESERVES Post-record payout to govt,contingency fund plunges to Rs 1.96 lakh cr: RBI annual report

Mumbai: The Reserve Bank's contingency fund, useful in fighting any exigency, has plunged to Rs 1.96 lakh crore as of June 30, after the Rs 52,000 crore excess payout to the government, says the central bank's annual report for FY19.

DCM24 BIZ-2NDLD CG-POWER-THAPAR Fraud-hit CG Power board sacks Gautam Thapar as Chairman; bizman denies wrongdoing

New Delhi: A week after its board-instituted investigation unearthed a multi-crore financial fraud, CG Power & Industrial Solutions on Thursday removed its founder Gautam Thapar as chairman of the company, prompting the tycoon to break his silence to say that there was neither any fraud nor any misappropriation of funds.

DEL42 BIZ-RUPEE-CLOSE Rupee slips to 71.80 against dollar on fund outflows

Mumbai: The rupee gave up most of its losses to close down by 3 paise at 71.80 against the US currency on Thursday even as uncertainty over the US-China trade talks and recession fears kept investors on edge.

DEL27 BIZ-GOLD-CLOSE Gold crosses record Rs 40,000-mark as recession fears seep in

New Delhi: Gold prices on Thursday jumped Rs 250 to breach the record Rs 40,000 per 10 gram level for the first time at the bullion market here on strong demand from investors amid growing fears of global economic slowdown.

DEL36 BIZ-LD STOCKS Sensex tanks 383 pts on F&O expiry; Nifty ends below 11,000

Mumbai: Benchmark indices nursed losses for the second straight session on Thursday, dragged by heavy selling in banking and financial stocks, as August series derivatives expired amid tepid global cues.

DCM15 BIZ-APPLE-FDI NORMS Eager to offer Indian customers online, in-store experience: Apple on easing of FDI norms

New Delhi: US tech titan Apple on Thursday said it is keen on offering online and in-store experiences to Indian users at par with its global standards and aims to open its maiden retail store in India. PTI

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