Business highlights

Following are the top business stories at 2120 hours: DEL68 BIZ-LD TOMATO PRICE-GOVT Spike in tomato prices temporary phenomenon; rates will cool down soon: Govt official New Delhi: The spurt in prices of tomato is a temporary seasonal phenomenon, and rates will cool down soon, a top government official said, as retail prices of the kitchen staple shot up to Rs 100 per kg in major cities.

DEL48 BIZ-LD HDFC-MERGER HDFC-HDFC Bank merger to be effective July 1: Parekh Mumbai: The reverse merger of the housing finance major HDFC with its banking subsidiary HDFC Bank will be effective July 1, Corporation chairman Deepak Parekh said on Tuesday.

DEL44 BIZ-RBI-LD CAD CAD narrows to 0.2% of GDP in Q4 FY23 on lower trade deficit, higher services exports Mumbai: India's current account deficit narrowed to USD 1.3 billion or 0.2 per cent of GDP in the January-March quarter of FY23, mainly due to moderation in the trade deficit and a robust increase in services exports, RBI data showed on Tuesday.

DEL34 BIZ-LD STOCKS Sensex snaps three-day losing run; HDFC twins shine Mumbai: Equity benchmark index Sensex ended a three-session losing streak to close nearly 450 points higher on Tuesday, helped by intense buying in index majors HDFC twins, ICICI Bank and Axis Bank amid a mixed trend in the global markets.

DEL66 BIZ-LD RUPEE Rupee edges up 2 paise against US dollar amid stocks rally Mumbai: The rupee edged up 2 paise to settle at 82.02 against the US dollar in a listless trade on Tuesday amid a weak greenback in overseas markets and a rally in domestic equities.

DCM83 BIZ-LD GADKARI-ROAD NETWORK India's roads network grows 59 pc to 1.45 lakh km in last nine years: Minister Nitin Gadkari New Delhi: The network of roads in India grew 59 pc in the last nine years to become the second largest in the world after the US, Minister for Road, Transport and Highways Nitin Gadkari said on Tuesday.

DEL32 BIZ-GOLD-PRICE Gold prices remain flat; silver jumps Rs 300 New Delhi: Gold prices remained flat at Rs 59,350 per 10 grams in the national capital on Tuesday, according to HDFC Securities.