Business highlights

Following are the top business stories at 2100 hours: DEL77 BIZ-2NDLD TRADE Exports dip for 3rd consecutive month in Feb; trade deficit narrows to USD 17.43 bn New Delhi: India's exports contracted for the third month in a row in February due to a slowdown in global demand while the trade deficit also eased to a year's low of USD 17.43 billion in the month due to receding imports.

DEL76 BIZ-2NDLD STOCKS Sensex falls for 5th day, Nifty slides below 17,000 on FII selling, rate hike fears Mumbai: Benchmark BSE Sensex pared its early gains to close down by 344 points at a five-month low while Nifty slid below the 17,000 level on Wednesday due to selling in banking, financial and telecom stocks.

DEL38 BIZ-RUPEE-CLOSE Rupee falls 25 paise to 82.62 against US dollar Mumbai: The rupee declined by 25 paise to 82.62 (provisional) against the US dollar on Wednesday amid a strong greenback against major currencies overseas and unabated foreign fund outflows.

DEL27 BIZ-LD CAG-RAJASTHAN CAG wants Rajasthan govt not to abandon treasury system of accounting Guwahati: Comptroller and Auditor General (CAG) Girish Chandra Murmu on Wednesday expressed hope that the Rajasthan government will not do away with the well-established treasury system of accounting as changes can disrupt the preparation and authentication of accounts and also the transfer of funds by the Centre to the state.

DCM70 BIZ-IMPORTS-RUSSIA India's imports from Russia rise to USD 41.56 billion in April-Feb period New Delhi: India's imports from Russia jumped about five times to USD 41.56 billion during the April-February period of this fiscal due to increasing inbound shipments of crude oil from that country, according to the commerce ministry data.

DCM85 BIZ-LD NAZARA TECH-SVB SVB fallout: Nazara Tech says Rs 60 crore shifted to other bank accounts New Delhi: Nazara Technologies on Wednesday said that out of Rs 64 crore held by its two step-down subsidiaries in Silicon Valley Bank, Rs 60 crore has been successfully transferred to bank accounts outside of SVB.

DEL32 BIZ-GOLD-PRICE Gold declines Rs 310; silver falls Rs 90 New Delhi: Gold prices declined by Rs 310 to Rs 57,070 per 10 grams in the national capital on Wednesday amid weak global trends, according to HDFC Securities.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)