New Delhi, Nov 13 (PTI) Following are the top business stories at 2020 hours:
DEL69 BIZ-TAX BURDEN
* Modi regime sees five-fold jump in ITR filers with income above Rs 50 lakh; middle class tax burden falls
New Delhi: Tax burden on individuals earning less than Rs 20 lakh a year, broadly described as middle class, has come down during the 10 years of Prime Minister Narendra Modi-led government, while there has been a substantial increase in taxes paid by those having annual income above Rs 50 lakh, sources said on Wednesday. *
DEL52 BIZ-LD-STOCKS
* Sensex slumps 984 pts to close at more than 4-month lows; banking, auto shares major drag
Mumbai: Benchmark Sensex plunged 984 points to close at a more than four-month low on Wednesday following heavy selling in banking, auto and capital goods shares amid retail inflation soaring to a 14-month high in October and unabated foreign fund outflows. *
DEL35 BIZ-ONION
* Onion prices likely to cool down further with arrival of new kharif crop: Govt official
New Delhi: Onion prices are expected to further cool down in the coming days as the arrival of fresh kharif crop has begun, a senior consumer affairs ministry official said on Wednesday. *
DCM39 BIZ-SWIGGY-CROREPATIS
* Swiggy IPO makes 500 employees 'crorepatis'; unlocks Rs 9,000 cr worth of ESOPs
New Delhi: Swiggy's much-anticipated stock market debut on Wednesday catapulted over 500 current and former employees to the "crorepati" club, with the food delivery and quick commerce major's listing poised to unlock Rs 9,000 crore in ESOPs for 5,000 staffers, people aware of the details said. *
DCM21 BIZ-SIAM-LD AUTO SALES
* Festive demand helps PV wholesales rise marginally in October: SIAM
New Delhi: Aided by festive demand, domestic passenger vehicle wholesales rose marginally year-on-year to 3,93,238 units in October, industry body SIAM said on Wednesday. *
DEL41 BIZ-STARLINK-INDIA
* Musk's Starlink a wolf in sheep's clothing, says thinktank
New Delhi: Amid talk of Elon Musk's Starlink seeking to offer satellite broadband internet service in India, think tank Kutniti Foundation has highlighted the US giant's deep ties with US intelligence and military agencies that could impede national interests. *
DEL81 BIZ-LD RUPEE
* Rupee settles flat at 84.39 against US dollar
Mumbai: The rupee moved in a narrow range and settled flat at 84.39 against the US dollar on Wednesday, as persistent foreign fund outflows and a massive selling in domestic equities weighed on the local unit. *
DEL71 AVI-LD BALI FLIGHTS
* IndiGo, Air India cancel flights to Bali following volcanic eruption
New Delhi: IndiGo and Air India on Wednesday cancelled their flights to Bali due to ash clouds from a volcanic eruption in the Indonesian island. *
DCM83 BIZ-STOCKS-LD SWIGGY
* Swiggy shares surge nearly 17 pc in market debut; market valuation breaches Rs 1 lakh-cr mark
New Delhi: Shares of food delivery and quick commerce major Swiggy ended with a premium of nearly 17 per cent against the issue price of Rs 390 on Wednesday. *
DEL55 BIZ-STOCKS-WEALTH
* Investors become poorer by Rs 13 lakh cr in two days of mkt crash
New Delhi: Equity investors suffered an erosion of Rs 13 lakh crore in market valuation in two days of crash in the BSE benchmark Sensex which lost over 2 per cent during this period. *
DEL56 BIZ-GOLD-PRICE
* Gold slips Rs 50 to Rs 77,750 per 10 gm; silver climbs Rs 1,200
New Delhi: Gold prices slipped Rs 50 to a four-week low of Rs 77,750 per 10 grams in the national capital on Wednesday amid firm global trends, according to the All India Sarafa Association. *