Business Highlights For The Day

New Delhi, Nov 15 (PTI) Following are the top business stories at 1915 hrs 

FITCH INDIA RATING

New Delhi: Refusing to upgrade India’s credit rating for the 12th year in a row, Fitch Thursday retained its sovereign rating for the country at ‘BBB-‘, the lowest investment grade with a stable outlook, saying a weak fiscal position continues to constrain the ratings and there were significant risks to macroeconomic outlook.

RUPEE-CLOSE

Mumbai: Continuing its recovery momentum, the rupee vaulted 34 paise to close at a two-month high of 71.97 against the US dollar Thursday on robust foreign fund inflows amid low crude oil prices.

BIZ-TRADE

New Delhi: India’s exports rose by 17.86 per cent to USD 26.98 billion in October compared to the year-ago month, according to the commerce ministry data.

STOCKS-CLOSE

Mumbai: The BSE benchmark Sensex ended 119 points higher Thursday and the broader Nifty went past the 10,600 mark on positive investor sentiment amid easing crude oil prices and firm rupee.

JETAIRWAYS-TATASONS

Mumbai: The board of Tata Sons is likely to meet Friday to discuss a proposal to take over the Naresh Goyal-controlled Jet Airways, which is looking for investors to tide over liquidity crunch that it has been saddled with, according to people familiar with the development.

BULLION-CLOSE

New Delhi: Gold regained its sheen with prices climbing by Rs 350 to Rs 32,250 per 10 gram at the bullion market on increased buying by local jewellers coupled with a firming trend overseas.               

JAITLEY-GROWTH

New Delhi: A high rate of growth is necessary to alleviate poverty and ensure that benefits of development reach the poor, Finance Minister Arun Jaitley said Thursday.

FUEL-DEMAND

New Delhi: India’s fuel demand rose by 4 per cent in October as a drop in prices propelled a rise in petrol and diesel consumption.

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