Business highlights

Following are the top business stories at 2045 hours: DEL60 BIZ-LD-STOCKS Stock markets rally for 6th day running on buying in HDFC Bank, L&T and RIL Mumbai: Benchmark BSE Sensex rallied further 333 points on Friday to extend its winning run to a sixth straight session driven by buying in index heavyweights HDFC Bank, Larsen & Toubro and Reliance Industries.

DEL57 BIZ-RBI-ICRR RBI decides to withdraw incremental CRR in phased manner Mumbai: The Reserve Bank on Friday decided to discontinue the Incremental Cash Reserve Ratio (I-CRR), which was put in place to absorb surplus liquidity following the withdrawal of Rs 2,000 currency notes, in a phased manner beginning Saturday.

DEL71 BIZ-FM-US FM holds bilateral meeting with US Treasury Secretary, discusses G20 priorities New Delhi: Finance Minister Nirmala Sitharaman on Friday held a bilateral meeting with US Treasury Secretary Janet Yellen and discussed G20 priorities.

DEL112 BIZ-LD RUPEE Rupee rises 21 paise to halt 4-session losing streak against US dollar New Delhi: The rupee snapped a four-day losing streak to close 21 paise higher at 83.02 against the US dollar on Friday, helped by a firm trend in domestic equities and suspected intervention by the RBI.

DEL83 BIZ-RBI-FOREX India's forex reserves jump USD 4.03 bn to USD 598.89 bn Mumbai: India's forex reserves jumped by USD 4.039 billion to USD 598.897 billion for the week ended September 1, the Reserve Bank said on Friday.

DCM65 BIZ-RELIANCE-NVIDIA Reliance-NVIDIA to build AI supercomputers in India New Delhi: US technology company NVIDIA and billionaire Mukesh Ambani's Reliance Industries on Friday announced a partnership to build AI supercomputers in India.

DEL47 BIZ-GOLD-PRICE Gold rises Rs 100; silver remains flat New Delhi, Sep 8 (PTI) Gold price rose by Rs 100 to Rs 60,150 per 10 grams in the national capital on Friday amid strong cues in the overseas markets, according to HDFC Securities.