BUSINESS HIGHLIGHTS

pti-preview-theweek

New Delhi, Mar 18 (PTI) Following are the top business stories at 2030 hours:
    
     PAR36 RS-BUD-LD MANIPUR
     * Committed to bring normalcy in Manipur, says FM Sitharaman
     New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said the central government is committed to bringing normalcy to Manipur and assured all support for the economic growth of the state. *

    
     PAR28 PAR-BUDGET
     * Parliament clears Rs 51,463 cr extra spending for FY25, Manipur Budget for FY26
     New Delhi: Parliament on Tuesday approved the supplementary demands for grants, which entails Rs 51,463 crore additional spending in the current fiscal and the Manipur Budget for 2025-26 with the Rajya Sabha returning four bills to the Lok Sabha. *

    
     PAR45 RS-BUD-LD MAKE-IN-INDIA
     * Believe in Make In India, it is giving good results: Sitharaman to Opposition
     New Delhi: Finance Minister Nirmala Sitharaman on Tuesday brushed aside the Opposition's criticism of the 'Make in India' scheme, saying it is yielding "good results" as the government has taken multiple steps to strengthen the manufacturing sector, including defence production. *

    
     DEL37 BIZ-RBI-MAURITIUS
     * RBI and Bank of Mauritius sign pact on use of local currencies for bilateral transactions
     Mumbai: Reserve Bank and the Bank of Mauritius (BOM) have signed a pact for establishing a framework to promote the use of the Indian Rupee and the Mauritian Rupee (MUR) for cross-border transactions. *

    
     DCM74 BIZ-INDIA-NEW ZEALAND-LD FTA
     * New Zealand prime minister says looking forward to ink FTA with India in 60 days
     New Delhi: New Zealand Prime Minister Christopher Luxon on Tuesday said he looks forward to signing a free trade agreement with India in 60 days, a move which is expected to increase bilateral trade by 10 times over ten years. *

    
     DEL57 AVI-LD-MUMBAI AIRPORT-UDF
     * Flying from Mumbai airport set to become costlier; MIAL proposes steep hike in user fee

     Mumbai: Flying from Mumbai International Airport is set to become costlier from next financial year with the private airport operator MIAL proposing a steep hike of Rs 463 in User Development Fee for international passengers, while domestic passengers will be charged a UDF of Rs 325. *

    
     DCM55 BIZ-LD-LIC HEALTH INSURER
     * LIC to buy stake in a health insurer before March 31: CEO
     Mumbai: Life insurance behemoth LIC is confident of buying a stake in a health insurer in the next two weeks, its chief executive Siddhartha Mohanty said on Tuesday. *

    
     DEL59 BIZ-IIHL-RCAP
     * IIHL completes acquisition of RCAP; mgmt transfer to take place on Wed
     Mumbai: IndusInd International Holdings Ltd (IIHL) has completed the transaction to acquire debt-ridden Reliance Capital (RCAP) by transferring the entire bid amount to lenders, IIHL chairman Ashok Hinduja said on Tuesday. *

                  
     DEL46 BIZ-LD STOCKS
     * Sensex jumps over 1,100 points; reclaims 75k-mark on firm global markets
     Mumbai: The BSE benchmark index Sensex jumped 1,131 points to revisit the 75,000 level on Tuesday, and the NSE Nifty surged 1.45 per cent, tracking a bullish trend in global equities and intense buying in market majors ICICI Bank, L&T and M&M counters. *

    
     DCM63 BIZ-STOCKS-WEALTH
     * Two-day market rally swells investors wealth by Rs 8.67 lakh cr
     New Delhi: Investors' wealth surged by Rs 8.67 lakh crore in two days of the market rally where the BSE benchmark index Sensex jumped 1,472 points amid a firm trend in global equities. *

    
     DEL47 BIZ-GOLD-PRICE
     * Gold continues record run, breaches Rs 91k level
     New Delhi: Gold prices climbed by Rs 500 to hit another record high of Rs 91,250 per 10 grams in the national capital on Tuesday driven by sustained buying by stockists and retailers amid a strong trend overseas, according to the All India Sarafa Association. *


     DEL62 BIZ-LD RUPEE
     * Rupee settles 25 paise higher at 86.56 against US dollar
     Mumbai: The rupee appreciated for the third consecutive session and registered gains of 25 paise to close at 86.56 against the US dollar on Tuesday, amid positive domestic equity markets and a weak American currency. *

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