BUSINESS HIGHLIGHTS

New Delhi, Apr 17 (PTI) Following are the top business stories at 2035 hours:    

     DEL58 BIZ-LD SITHARAMAN-BSE
     * Trade recalibrations worrisome; India will focus on policy agility, long-term vision: FM
     Mumbai: Union Finance Minister Nirmala Sitharaman on Thursday said India will focus on policy agility and long-term vision to navigate the global challenges amid ongoing trade recalibrations worldwide. *
    
     DCM89 BIZ-ADANI PORTS-ACQUISITION
     * Adani Ports to acquire Australian terminal in USD 2.4 bn non-cash deal
     New Delhi: Adani Ports and SEZ Ltd, India's biggest private port operator, announced on Thursday a USD 2.4 billion non-cash acquisition of a coal export terminal in Australia from a group company to strengthen its presence in the Asia-Pacific region. *

     DEL12 BIZ-FITCH-GROWTH
     * Fitch cuts India growth estimates by 10 bps to 6.4 pc amid escalations in global trade war
     New Delhi: Fitch Ratings on Thursday cut India's GDP growth estimate by 10 basis points to 6.4 per cent for the current fiscal, but retained the projections for the next financial year, on concerns over a 'severe' escalation in global trade war. *

     DEL72 BIZ-2NDLD RESULTS-INFOSYS
     *Infosys Q4 profit declines 11.7 pc to Rs 7,033 cr; revenue rises to Rs 40,925 cr
     New Delhi: India's second-largest IT company Infosys on Thursday reported an 11.7 per cent decline in consolidated net profit to Rs 7,033 crore for the March quarter mainly on account of compensation to employees, and acquisitions during the reported period. *

     DEL48 BIZ-LD STOCKS
     * Markets surge for 4th day; Sensex reclaims 78k-level amid US-Japan tariff talks, FII inflows
     Mumbai: Benchmark indices Sensex and Nifty surged nearly 2 per cent on Thursday, registering their fourth day of rally as investors turned buoyant after foreign investors returned to domestic equities amid expectations of a breakthrough in US-Japan trade negotiations over reciprocal tariffs. *

     DEL15 BIZ-BLUSMART-SERVICE
     * BluSmart cab services stay suspended in Delhi-NCR, Bengaluru, Mumbai as co-founder under Sebi lens
     Mumbai: Electric cab-hailing platform BluSmart remained non-operational on Thursday across Delhi-NCR, Bengaluru, and Mumbai, as the market regulator cracked down on its co-founder over alleged misuse of funds at an affiliated company. *

     DCM83 BIZ-LD GENSOL-DIRECTOR
     * Gensol Engineering independent director Arun Menon resigns
     New Delhi: Gensol Engineering's independent director Arun Menon has resigned saying there was growing concern on leveraging its balance sheet to fund capex of other businesses and sustainability of servicing such high debt costs by the company. *

     DCM81 BIZ-INDIA-US-TRADE PACT
     * Indian official team likely to visit Washington next week for trade talks
     New Delhi: An Indian official team is likely to visit Washington next week to iron out differences on certain issues before formally launching negotiations for the proposed India-US bilateral trade agreement (BTA), an official said. *

     DEL69 BIZ-LD RUPEE
     * Rupee sheds US tariff impact; ends 26 paise higher at 85.38 against US dollar
     Mumbai: The rupee strengthened for the fourth consecutive session and closed 26 paise higher at 85.38 against the US dollar on Thursday, hitting the April 3 closing level, on the back of foreign fund inflows in domestic equities and broad weakness in the greenback. *

     DEL52 BIZ-GOLD-PRICE
     * Gold rises Rs 70 to hit a fresh peak of Rs 98,170/10g in Delhi amid firm global cues
     New Delhi: Gold prices rose by Rs 70 to hit yet another record high of Rs 98,170 per 10 grams in the national capital on Thursday amid firm global demand, according to the All India Sarafa Association. *

    

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