Business Highlights

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New Delhi Jan 28, (PTI)  Following are the top business stories at 1920 hours:

Tata Steel-HBIS

Mumbai: As part of its strategic plan to exit non-core markets and focus more on the fast-growing home market, Tata Steel Monday signed an agreement to sell 70 per cent stakes each in its two Southeast Asian arms to the HBIS Group of China for around UD 480 million.

Stocks-LD Close

Mumbai: The benchmark BSE Sensex Monday plummeted over 368 points to close at 35,657 due to selling across the board on the bourse amid volatile market sentiment days ahead of the Union Budget, which is widely believed to have some populist announcements.

Ecommerce Cos-FDI

New Delhi: Smaller e-commerce players like Snapdeal and ShopClues have written to the government opposing any move to extend the February 1, deadline for online marketplaces to comply with FDI rules, and urged that pressure for such relaxations need to be “resisted strongly”.

RBI-DAS

New Delhi: Ahead of the monetary policy review, Reserve Bank of India Governor Shaktikanta Das Monday met heads of public sector banks and conveyed to them the regulator’s expectation from the banking sector.

Rupee Close

Mumbai: The Indian rupee on Monday managed to end 7 paise higher at 71.10 against the US dollar on increased selling of the greenback by exporters amid easing crude oil prices and uptrend in other emerging market currencies.

Bullion-Close

New Delhi: Gold prices surged by Rs 350 to Rs 33,650 per 10 gram on Monday as buying by local jewellers gathered steam to meet wedding season demand, according to All India Sarafa Association.

Paswan-FCI

Bengaluru: Union Food Minister Ram Vilas Paswan Monday said state-run Food Corporation of India (FCI) should conduct regular inspections of its stock to ensure that quality grains are supplied through ration shops.

Stocks-LD ZEE

New Delhi: Shares of Zee Entertainment Enterprises bounced back Monday and ended with a sharp gain of nearly 17 per cent after it denied links with a company being probed for suspicious demonetisation deposits.

Trai-OTT

New Delhi: Telecom regulator Trai hopes to finalise, by February-end, its recommendations on whether over-the-top (OTT) services, such as WhatsApp and Skype, should be brought under the regulatory ambit, according to a top official.

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