Business Highlights Of The Day

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Following are the top business stories of PTI till 2010 hours today:

PM-MOBILE PHONE FACTORY
Noida (UP): Prime Minister Narendra Modi today said his government’s pet ‘Make in India’ initiative has propelled India to become the world’s second-largest manufacturer of mobile phones as the number of factories soared to 120 from just 2 four years ago.

SAMSUNG-MOBILE FACTORY
Noida: South Korean consumer electronics major Samsung today inaugurated the world’s largest mobile phone factory here which will double its annual handset production capacity to 120 million units by 2020.

INDO-KOREA
New Delhi: South Korean President Moon Jae-in today called for expansion of bilateral trade with India, saying it was in the interest of both nations.

STOCKS
Mumbai: The benchmark BSE Sensex today surged by around 277 points to close at more than five-month high of 35,934.72 on heavy buying in energy, capital goods, power and banking stocks following positive leads from global markets.

INSURANCE-PUC
New Delhi: Acting tough on those violating emission norms, Irdai has said vehicles without a valid Pollution Under Control (PUC) certificate will not be insured.

NCLT-TATAMISTRY-LD REAX
New Delhi: Tata Sons today said the NCLT order dismissing pleas of Cyrus Mistry vindicates that the group and its operating firms have always acted in a fair manner even as Mistry said he would challenge the ruling.

IDEA-VODA-MERGER
New Delhi: The telecom ministry (DoT) today approved the merger of Vodafone India and Idea Cellular that will create the country’s largest mobile services operator, an official source said.

FSSAI-SAFE FOOD
New Delhi: Seeking to promote safe and healthy food, FSSAI today said it will provide a training tool kit to health workers at the proposed 1.5 lakh wellness centres under the Ayushman Bharat Scheme for raising public awareness on the issue at the grass root levels.

HONDA PRICE HIKE
New Delhi: Honda Cars India today said it will increase prices of its models by up to Rs 35,000 from next month in order to offset rise in input costs.

RUPEE-CLOSE
Mumbai: The rupee today appreciated further by 15 paise against the US dollar to close at 68.72 on sustained dollar selling by exporters and banks amid a stellar rally in local equities and losses in the greenback.

SOURCEPTI

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