Business highlights

Following are the top business stories at 1810 hours:

DEL66 BIZ-FM-GST-WB RANKING Sitharaman promises further GST simplification to help India improve biz ranking

New Delhi: Finance Minister Nirmala Sitharaman on Thursday said efforts will be made to further simplify Goods and Services Tax, and expressed hope that it will help in further improving India's ranking in the World Bank's ease of doing business index.

DEL65 BIZ-INFOSYS-LD NFRA NFRA to look into alleged accounting irregularities at Infosys

New Delhi: In mounting woes for Infosys, the government has asked the National Financial Reporting Authority (NFRA) to look into alleged accounting irregularities at the IT major in the wake of whistleblower complaints, a senior official said on Thursday.

FES19 BIZ-SBI-ECONOMY Indian economy in transition phase, growth to come back: SBI Chairman

Washington: The Indian economy is in a transition phase largely owing to important reforms undertaken in the last few years, a top Indian banker has said exuding confidence that the country's growth rate will be back on track.

DCM52 BIZ-LD RESULTS-MARUTI Maruti sees biggest fall in quarterly profit in over 8 years; profit dips 39 pc at Rs 1,391 cr

New Delhi:The country's largest car maker Maruti Suzuki India (MSI) on Thursday reported biggest drop in quarterly profit in over eight years with consolidated net profit declining by 38.99 per cent in the September ended quarter hit by sales slowdown in auto industry.

DCM51 BIZ-MARUTI-EV LAUNCH Will not commercially launch EV for personal use next year: Maruti

New Delhi: Car market leader Maruti Suzuki India on Thursday said it will not commercially launch electric car, which it has been testing, for personal use next year, citing lack of infrastructure and government support.

DCM2 BIZ-EASE OF DOING BIZ-RANKING Govt steps helping India to inch up its ease of doing biz ranking: Commerce Ministry

New Delhi: India has recorded continuous improvement in its ease of doing business ranking issued by the World Bank on account of steps taken by the government in this regard, the commerce and industry ministry said on Thursday.

DEL98 BIZ-RUPEE-CLOSE Rupee snaps 5-day winning run; skids 11 paise to 71.02 per USD

Mumbai: The rupee snapped its five-day winning streak to finish 11 paise lower at 71.02 against the US dollar on Thursday, weighed by unabated foreign fund outflows and a weak trend in domestic equity markets.

DCM20 BIZ-TELECOM-AIRTEL SC decision on telecom revenue definition to weaken sector viability: Bharti Airtel

New Delhi: Telecom operator Bharti Airtel on Thursday said the Supreme Court verdict on adjusted gross revenue will weaken viability of telecom sector, and the government must review its impact and find ways to mitigate financial burden on the already stressed industry.

DEL85 BIZ-LD STOCKS Markets slip as BJP posts mixed showing in state polls; Infy resumes slide

Mumbai:Benchmark indices ended marginally lower after a choppy session on Thursday, dragged by IT and bank counters, amid mixed results for the ruling BJP in state polls.

DCM43 BIZ-RESULTS-LD INDIGO InterGlobe Aviation posts Rs 1,062 cr loss in Sep quarter

New Delhi: Budget carrier IndiGo's parent InterGlobe Aviation on Thursday posted a net loss of Rs 1,062 crore for the September quarter, mainly on account of higher costs related to operating lease liabilities.