Business highlights

Following are the top business stories at 2144 hours: DEL86 BIZ-FOOD-PMGKAY Foodgrains free of cost to over 80 cr people under PMGKAY for 1 yr: Food Ministry New Delhi: The Centre on Wednesday said it is providing foodgrains free of cost to over 80 crore people under the Prime Minister Garib Kalyan Yojana (PMGKAY) for a period of one year starting January 1, 2023.

DEL74 BIZ-FM-IMEC Ongoing conflict in Israel and Gaza pose a challenge to IMEC: FM New Delhi: The ongoing conflict in Israel and Gaza pose a challenge to the India-Middle East-Europe Connectivity Corridor (IMEC) envisaged to enhance transportation efficiency and reduce logistic costs, Finance Minister Nirmala Sitharaman said on Wednesday.

DEL41 SAHARA-SUBRATA ROY Subrata Roy: Who made it large, drop by drop in good and bad times New Delhi: His was a story that can sound like an urban legend, but Subrata Roy literally made it large, drop by drop.

DEL56 BIZ-2NDLD TRADE Exports rise 6.21 pc to USD 33.57 bn in Oct; trade deficit widens to USD 31.36 bn New Delhi: India's merchandise exports rose 6.21 per cent to USD 33.57 billion in October this year, even as the trade deficit touched a record high of USD 31.46 billion during the month, government data showed on Wednesday.

DEL17 BIZ-SAHARA-FUNDS Undistributed funds worth over Rs 25,000 cr with Sebi in focus after death of Subrata Roy New Delhi: The undistributed funds totalling over Rs 25,000 crore lying with the capital markets regulator Sebi's account have come back into focus after the demise of Sahara Group's chief Subrata Roy.

DEL26 BIZ-FM India to emerge as third largest global economy by 2027: FM New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said India is expected to overtake Japan and Germany to emerge as the third largest economy in the world by 2027.

DEL48 BIZ-TAX-ELECTION Cash seizures by tax officials rise ahead of elections in five states: CBDT New Delhi: In the run-up to the assembly elections in five states, the income tax department has seized more unexplained cash as compared to elections held in those states earlier, CBDT chairman Nitin Gupta said on Wednesday.

DEL53 BIZ-IMPORTS-RUSSIA Imports from Russia up 64 pc to USD 36.27 bn in Apr-Oct New Delhi: India's imports from Russia rose 64 per cent to USD 36.27 billion during the April-October period this fiscal on higher shipments of crude oil and fertiliser, according to the commerce ministry data. DEL55 BIZ-GOLD-PRICE Gold climbs Rs 410; silver jumps Rs 1,700 New Delhi: Gold price climbed Rs 410 to Rs 61,210 per 10 grams in the national capital on Wednesday amid strong cues in the international markets, according to HDFC Securities.

DEL64 BIZ-LD-STOCKS Sensex, Nifty rally more than 1 pc as investors cheer softer US inflation number Mumbai: Benchmark equity indices Sensex and Nifty jumped more than 1 per cent on Wednesday following heavy buying in IT, banking and oil & gas shares amid a global stocks rally on softer US inflation data.

DEL87 BIZ-LD RUPEE Rupee jumps 24 paise against US dollar Mumbai: The rupee appreciated 24 paise to close at 83.09 against the US dollar on Wednesday as the American currency retreated from its elevated levels after the US inflation came lower than expected.

DCM46 BIZ-INDIA-IPEF-3RDLD SUPPLY CHAIN-PACT India, US, 12 other IPEF members ink supply chain resilience agreement New Delhi: India, the US and 12 other members of the IPEF grouping have signed a supply chain resilience agreement that would help mitigate risks of economic disruptions from supply chain shocks and improve crisis coordination.

DCM39 BIZ-DABUR-LITIGATION Two Dabur cos get relief in multiple lawsuits in US court, 3rd entity to face charges New Delhi: In a relief to FMCG major Dabur, two of its foreign subsidiaries, Dabur International and Dermoviva Skin Essentials, have been removed as a defendant in multiple lawsuits filed in a US court over allegations that their hair-relaxer products caused ovarian cancer, uterine cancer and other related health issues.

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