Business highlights

Following are the top business stories at 2100 hours: DEL74 BIZ-RBI-LD WILFUL DEFAULTERS RBI proposes stringent norms for wilful defaulters Mumbai: The Reserve Bank on Thursday proposed tighter norms for treatment of wilful defaulters under which banks and other lenders will be required to examine all accounts with outstanding amount of Rs 25 lakh and more to see if the borrower is deliberately not repaying the loan.

DEL56 BIZ-LD STOCKS Markets decline for 3rd day on weak global cues; ICICI bank slumps 2.81 pc Mumbai: Equity benchmark indices Sensex and Nifty buckled under selling pressure for the third straight session to settle nearly 1 per cent lower on Thursday as investors pared exposure to auto, banking and financial shares amid a sluggish trend in global markets.

DCM103 BIZ-LD GLENMARK-NIRMA Glenmark to divest 75 pc stake in Glenmark Life Sciences to Nirma for Rs 5,651.5 cr New Delhi: Glenmark Pharmaceuticals on Thursday said its board has approved to divest 75 per cent stake in its subsidiary Glenmark Life Sciences to Nirma Ltd for Rs 5,651.5 crore.

DEL67 PREZ-TRADE SHOW Prez Murmu says investment opportunities created in UP in last 6-7 years Noida: President Droupadi Murmu on Thursday said that investment opportunities have been created and infrastructure has improved in Uttar Pradesh in the last six to seven years. DCM25 BIZ-INFLATION RETAIL Retail inflation for farm, rural workers eases marginally in August New Delhi: Retail inflation for farm workers and rural labourers eased marginally to 7.37 per cent and 7.12 per cent, respectively in August this year as compared to the previous month.

DEL76 BIZ-LD RUPEE Rupee falls 2 paise against US dollar Mumbai: The rupee consolidated in a narrow range to settle 2 paise lower at 83.13 against the US dollar on Thursday as foreign capital outflows and waning risk appetite weighed on investor sentiments.

DCM72 BIZ-LD SJVN-OFS Institutional buyers put Rs 1,450 cr-bids for SJVN OFS; stock falls 13 pc on BSE New Delhi: Institutional investors on Thursday oversubscribed the SJVN offer-for-sale (OFS), putting in bids worth over Rs 1,450 crore.

DEL38 BIZ-GOLD-PRICE Gold declines Rs 130 to Rs 60,170 per 10 gm; silver remains flat New Delhi: Gold declined Rs 130 to Rs 60,170 per 10 grams in the national capital on Thursday amid fall in precious metal prices in the overseas markets, according to HDFC Securities.

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