New Delhi, Oct 22 (PTI) Following are the top business stories at 2030 hours:
DEL45 BIZ-ADANI-2NDLD ORIENT CEMENT
* Adani Group to buy Orient Cement for Rs 8,100 crore
New Delhi: Adani Group on Tuesday said it has agreed to acquire CK Birla group firm Orient Cement Ltd in a deal valued at Rs 8,100 crore, as billionaire Gautam Adani-run conglomerate snaps up smaller rivals to challenge India's top cement maker UltraTech. *
FGN45 IMF-INDIA
* IMF says India's GDP growth to moderate to 7 pc in 2024 and 6.5 pc in 2025
Washington: India's GDP growth is likely to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025 because the pent-up demand accumulated during Covid has exhausted, as the economy reconnects with its potential, the International Monetary Fund (IMF) said on Tuesday. *
DEL75 BIZ-CCI-RELIANCE DISNEY
* CCI publishes detailed order approving merger of RIL, Walt Disney's media assets
New Delhi: The Competition Commission of India (CCI) on Tuesday published the 48-page detailed order approving the mega media assets merger of Reliance Industries and Walt Disney, entailing various conditions, including divestment of seven TV channels. *
DEL54 BIZ-STOCKS-2NDLD-HYUNDAI
* Hyundai Motor India makes muted debut, shares tumble over 7 pc
New Delhi: Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, on Tuesday made a muted market debut and ended more than 7 per cent lower against the issue price of Rs 1,960. *
DEL60 AVI-FLIGHTS-2NDLD BOMB THREAT
* Nearly 50 flights receive bomb threats on Tuesday
New Delhi: Nearly 50 domestic and international flights of Indian carriers received bomb threats on Tuesday, taking the total number of flights that have received the threats since Monday night to around 80, according to sources. *
DEL49 BIZ-LD-STOCKS
* Sensex plunges 930 pts to 2-mth low, Nifty closes below 24,500 on FII exodus
Mumbai: Benchmark Sensex plunged by 930.55 points while broader Nifty dropped below the 24,500 level to settle at more than two-month lows on Tuesday due to an intense sell-off across sectors and massive foreign fund exodus from the capital markets. *
DCM112 BIZ-BSNL-LD NEW SERVICES
* BSNL on higher gear with 7 new services; innovative asset monetisation plans in works
New Delhi: Bharat Sanchar Nigam Ltd (BSNL) on Tuesday launched a slew of new offerings and initiatives, ranging from spam blockers to automated SIM kiosks and direct-to-device services, as the state-owned firm vowed to proactively woo subscribers and claw back market share. *
DEL82 BIZ-LD GOLD-PRICE
* Silver zooms past Rs 1 lakh-mark, gold jumps Rs 350 to record high
New Delhi: Gold price rose by Rs 350 to hit a fresh all-time high of Rs 81,000 per 10 grams while silver soared Rs 1,500 to record the Rs 1 lakh mark in the national capital on Tuesday amid a surge in demand, according to the All India Sarafa Association. *
DEL80 BIZ-LD RUPEE
* Rupee settles almost flat against US dollar
Mumbai: The rupee on Tuesday settled just 1 paisa lower at 84.08 against the US dollar, tracking an intense selloff in domestic equity markets and unabated outflow of foreign funds. *
DEL57 BIZ-STOCKS-WEALTH
* Bear attack: Investors poorer by Rs 9.19 lakh cr in single day as markets crash
New Delhi: Investors' wealth eroded by a massive Rs 9.19 lakh crore on Tuesday as markets came under heavy sell-off with the BSE benchmark index Sensex falling 930.55 points. *
DCM75 BIZ-LD RESULTS-AGEL
* Adani Green Energy Q2 net profit rise nearly 39 pc to Rs 515 crore
New Delhi: Adani Green Energy Solutions on Tuesday posted a nearly 39 per cent rise in its consolidated net profit to Rs 515 crore in the September quarter on the back of higher revenues. *
DCM67 BIZ-LD RESULTS-AESL
* Adani Energy Solutions Q2 net profit jumps nearly 3-fold to Rs 773 cr
New Delhi: Adani Energy Solutions Ltd on Tuesday posted a nearly 3-fold jump in its consolidated net profit to Rs 773.39 crore in the September quarter, mainly on the back of higher revenues. *