BUSINESS HIGHLIGHTS

New Delhi, Nov 8 (PTI) Following are the top business stories at 2040 hours:

    DEL77 BIZ-RESULTS-LD SBI
    * SBI Q2 profit up 23 pc on non-core income growth; cuts FY25 deposit accretion aim
    Mumbai: State Bank of India (SBI) on Friday reported 23 per cent jump in consolidated net profit for September quarter at Rs 19,782 crore, helped by an increase in non-interest income and treasury profits. *

    DEL57 BIZ-FOREX
    * Forex kitty drops by USD 2.67 bn to USD 682.13 bn
    Mumbai: India's forex reserves declined by USD 2.675 billion to USD 682.13 billion for the week ended November 1, the RBI said on Friday. *

    DCM90 BIZ-RESULTS-LD LIC
    * LIC Q2 net profit slips 4 pc to Rs 7,621 cr
    New Delhi, Nov 8 (PTI) State-owned insurer LIC on Friday reported a 3.8 per cent decline in net profit to Rs 7,621 crore for the quarter ended September 30 on lower other income and amortisation of Rs 464 crore due to an increase in family pension. *

    DCM57 BIZ-RESULTS-LD TATA MOTORS
    * Tata Motors Q2 net profit declines 9.9 pc to Rs 3,450 cr
    New Delhi: Tata Motors on Friday reported a 9.9 per cent decline in consolidated net profit to Rs 3,450 crore for the second quarter ended September 2024, mainly impacted by lower sales. *

    DEL52 BIZ-LD-STOCKS

    * Sensex, Nifty fall for 2nd day on FII selling; RIL, ICICI Bank major drag
    Mumbai: Stock markets closed lower for the second straight day on Friday amid relentless foreign fund outflows and losses in blue-chip stocks Reliance Industries, ICICI Bank and State Bank of India. *
    
    DEL86 BIZ-LD RUPEE
    * Rupee falls 5 paise to hit new all-time low of 84.37 against US dollar
    Mumbai: Declining for the third straight session, the rupee dropped 5 paise to hit a new lifetime low of 84.37 against the US dollar on Friday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities. *
    
    DEL62 BIZ-GOLD-PRICE
    * Gold rises Rs 500; silver jumps Rs 800 amid wedding festivities
    New Delhi: Gold prices rose Rs 500 to reclaim the Rs 80,000 mark in the national capital on Friday amid fresh buying by local jewellers and retailers for the wedding festivities, according to the All India Sarafa Association. *

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