New Delhi, Nov 14 (PTI) Following are the top business stories at 2040 hours:
DCM108 BIZ-LD RELIANCE DISNEY
* Reliance completes merger of media assets with Disney's India biz, forms Rs 70,000-cr JV
New Delhi: Billionaire Mukesh Ambani-led Reliance Industries has completed the merger of its media assets with the India business of global media house Walt Disney and formed a joint venture with a valuation of over Rs 70,000 crore. *
DEL70 BIZ-2NDLD TRADE
* Exports jump 17.25 pc in Oct, highest in over 2 years; trade deficit widens
New Delhi: India's merchandise exports in October rose by an impressive 17.25 per cent year-on-year, highest in over two years, to USD 39.2 billion, while the trade deficit widened to USD 27.14 billion on a sequential basis. *
DEL35 BIZ-LD INFLATION
* WPI inflation rises to 4-month high of 2.36 pc in Oct; food prices spike
New Delhi: Wholesale price inflation rose to a 4-month high of 2.36 per cent in October as prices of food items, especially vegetables, and manufactured goods turned dearer, showed the government data released on Thursday. *
DEL16 BIZ-S&P-GROWTH
* S&P projects 6.5-7 pc annual growth for Indian economy through 2027
New Delhi: S&P Global Ratings on Thursday projected the Indian economy to grow between 6.5-7 per cent annually in the three fiscal years till March 2027 as infrastructure spending and private consumption drive growth momentum. *
DEL46 BIZ-LD-STOCKS
* Sensex drops 110 pts, Nifty slides for 6th day on FII selling
Mumbai: Benchmark Sensex declined by 110 points in a see-saw trade on Thursday, marking its third straight session of losses amid continued FII selling, disappointing quarterly results and soaring inflation. *
DEL83 BIZ-LD RUPEE
* Rupee falls 7 paise to close at all-time low of 84.46 against US dollar
Mumbai, Nov 14 (PTI) The rupee depreciated by 7 paise to close at an all-time low of 84.46 against the US dollar on Thursday, weighed down by unabated foreign fund outflows and strong dollar demand from investors. *
DEL63 BIZ-LD GOLD-PRICE
* Gold slide continues; tanks Rs 700 to Rs 77,050 per 10 grams
New Delhi: Gold prices saw yet another steep fall on Thursday, with the precious metal declining Rs 700 to Rs 77,050 per 10 grams in the national capital amid subdued demand trend in the global markets, according to the All India Sarafa Association. *
DCM72 BIZ-SECI-RELIANCE POWER
* SECI issues showcause notices to RPower, its arm over fake bank guarantees
New Delhi: Renewable energy agency SECI has sent a showcause notice to Reliance Power, asking why a criminal action should not be taken against the company and its arm for submitting fake bank guarantees. *
DCM104 BIZ-SBI-LENDING RATE
* SBI hikes lending rates under MCLR by 0.05 pc
Mumbai: The country's largest lender SBI on Thursday announced a 0.05 per cent increase in the marginal cost of fund-based lending rate (MCLR) in some tenors. *
DCM68 BIZ-CCPA-OLA ELECTRIC
* CCPA orders probe into deficiencies in services & e-vehicles of Ola Electric
New Delhi: Consumer rights regulator CCPA has ordered a detailed probe into complaints related to alleged "deficiencies" in services and electric two-wheelers manufactured by Ola Electric. *
DEL78 BIZ-DLF-KPSINGH-BOOK
* PM Modi should set up panel on urban infra development in major cities: KP Singh
New Delhi: Real estate doyen K P Singh has urged Prime Minister Narendra Modi to set up a high-powered cabinet rank committee to prepare a blueprint for the development of urban infrastructure in all major cities that can support USD 5 trillion economy. *