BUSINESS HIGHLIGHTS

New Delhi, Nov 12 (PTI) Following are the top business stories at 2025 hours:

     DEL66 BIZ-LD INFLATION
     * Inflation soars to 14-month high of 6.2 pc in Oct, breaches RBI's tolerance level
     New Delhi: Retail inflation breached the Reserve Bank's upper tolerance level, soaring to a 14-month high of 6.21 per cent in October mainly on account of rising food prices. *

     DEL64 BIZ-LD IIP
     * Factory output turns positive, rises 3.1 pc in September
     New Delhi: India's industrial production expanded by 3.1 per cent in September after recording a contraction in the preceding month, as all three major segments -- mining, manufacturing and power generation -- showed improvement. *
    
     DEL90 BIZ-FM-RUSSIA
     * Sitharaman meets Russian First Deputy PM, discusses measures to strengthen economic ties
     New Delhi: Finance Minister Nirmala Sitharaman on Tuesday met Russian First Deputy Prime Minister Denis Manturov and exchanged views on measures to strengthen ties between the two nations. *

     DEL75 BIZ-ONION
     * Govt to offload more onions in markets to stabilise retail prices
     New Delhi: The government on Tuesday said it is keeping a close watch on onion prices and has decided to offload more quantities from buffer stock in retail markets to stabilise rates amid temporary supply constraints. *

     DEL88 BIZ-LD RUPEE
     * Rupee slips 1 paisa to fresh all-time low of 84.39 against US dollar
     Mumbai: The rupee fell 1 paisa to a new lifetime low of 84.39 against the US dollar on Tuesday as persistent foreign fund outflows and a strengthening greenback against major crosses overseas dented investor sentiments. *

     DEL44 BIZ-FINMIN-BANKS
     * PSBs show robust performance in H1, business grows 11 pc: FinMin
     New Delhi: The finance ministry on Tuesday said public sector banks (PSBs) have shown robust performance in the first half of the current fiscal year with a 26 per cent growth in net profit, increase in business and decline in non-performing assets (NPAs). *

     DEL57 BIZ-LD-STOCKS
     * Sensex tanks 821 pts on FII selling, weak global trends; investors lose over Rs 5 lakh cr in single day
     Mumbai: Benchmark BSE Sensex tumbled by nearly 821 points or more than 1 per cent and broader Nifty plunged below 23,900 level on Tuesday due to heavy selling in banking, power and auto shares and sluggish global trends. *

     DEL56 AVI-AIR INDIA-LD VISTARA MERGER
     * Tatas dreams: AI-Vistara merger becomes reality; SIA to invest addl Rs 3,195 cr in integrated entity
     New Delhi: Marking a significant consolidation in the fast-growing Indian aviation space, Air India on Tuesday completed the Vistara merger to create an integrated airline, partly owned by Singapore Airlines, that will be flying over 1,20,000 passengers daily and connect more than 90 destinations. *

     DCM98 BIZ-LD SCINDIA-STARLINK
     * Elon Musk's Starlink yet to comply with security norms for satcom licence: Scindia
     New Delhi: Union Telecom Minister Jyotiraditya Scindia on Tuesday said Elon Musk-owned Starlink is yet to comply with security norms, and a licence for satellite communications services will be issued only after they meet all the requirements for services in India. *

     DCM95 BIZ-LIC-TATA POWER
     * LIC pares 2.02 pc stake in Tata Power for Rs 2,888 cr
     New Delhil: Life Insurance Corporation (LIC) on Tuesday said it has sold more than 2.02 per cent stake in Tata Power Company for about Rs 2,888 crore and reduced its holding in the company to 3.88 per cent. *

     DCM86 BIZ-STOCKS-WEALTH
     * Market investors become poorer by Rs 5.29 lakh cr amid massive correction in stocks
     New Delhi: A sharp fall in the equity market made investors poorer by Rs 5.29 lakh crore on Tuesday when the BSE benchmark Sensex tumbled over 800 points. *

     DEL63 BIZ-GOLD-PRICE
     * Gold, silver extend losses amid sluggish demand, weak global cues
     New Delhi: Gold, silver prices continued to extend losses for the second straight day in the national capital on Tuesday owing to a sluggish demand from jewellers and weak global cues, according to the All India Sarafa Association. *

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