BUSINESS HIGHLIGHTS

New Delhi, Oct 28 (PTI) Following are the top business stories at 2030 hours:

     DEL45 BIZ-RESULTS-LD IOC
     * IOC Q2 net profit slumps 98 pc on fall in refining, fuel margin
     New Delhi: State-owned Indian Oil Corporation Ltd (IOC) on Monday reported a massive 98.6 per cent drop in net profit in the September quarter, as refinery margins fell and marketing margins shrunk. *

     DCM29 BIZ-LD RESULTS-AMBUJA CEMENTS
     * Ambuja Cements Q2 profit at Rs 473 cr
     New Delhi: Adani Group firm Ambuja Cements Ltd (ACL) on Monday reported a consolidated net profit of Rs 472.89 crore for the second quarter ended September 2024. *

     DCM99 BIZ-RESULTS-LD PNB
     * PNB profit more than doubles to Rs 4,306 cr in Q2
     New Delhi: Punjab National Bank (PNB) on Monday reported more than two-fold jump in its profit at Rs 4,306 crore in the second quarter ended September 2024 on the back of improvement in interest income and robust recovery. *

     DEL35 BIZ-LD-STOCKS
     * Sensex snaps 5-day losing streak; rises 602 pts on DII push, value buying
     Mumbai: Stock markets snapped the five-day losing streak on Monday with the benchmark Sensex rebounding 602 points on buying in ICICI Bank, firm global trends and continuous buying by domestic institutional investors. *

     DEL36 BIZ-FINMIN-REPORT
     * Economic performance satisfactory, demand conditions bear watching: Finmin Report
     New Delhi: The performance of the Indian economy has been satisfactory during the first half of the ongoing fiscal year but concerns remain with regard to demand conditions going forward, the finance ministry said in a report. *
    
     DEL42 AVI-FLIGHTS-BOMB THREATS
     * Over 60 flights get bomb threats on Monday
     New Delhi: More than 60 flights of Indian carriers received bomb threats on Monday, sources said. *

     DCM93 BIZ RESULTS-BHARTI AIRTEL
     * Bharti Airtel Q2 net profit zooms nearly three-fold to Rs 3,593 cr; Vittal named Exec Vice Chairman
     New Delhi: Bharti Airtel on Monday reported a 168 per cent year-on-year rise in consolidated net profit to Rs 3,593 crore for the September quarter against Rs 1,341 crore a year ago. *

     DEL49 BIZ-LD RUPEE
     * Rupee settles on flat note, up 1 paisa at 84.07 against US dollar
     Mumbai: The rupee traded on a flat to positive note and settled 1 paisa higher at 84.07 against the US dollar on Monday, on positive domestic markets and a sharp decline in crude oil prices. *

     DCM90 BIZ-STOCKS-WEALTH
     * Markets recovery makes investors richer by Rs 4.21 lakh cr
     New Delhi: Investors' wealth on Monday surged Rs 4.21 lakh crore as markets bounced back after five days of fall. *

     DEL41 BIZ-GOLD-PRICE
     Gold declines Rs 400 to Rs 81,100 per 10 gm; silver remains flat
     New Delhi: Gold prices fell Rs 400 to Rs 81,100 per 10 grams in the national capital on Monday amid weak trends in the overseas markets, according to the All India Sarafa Association. **

(This story has not been edited by THE WEEK and is auto-generated from PTI)