Business Highlights Of The Day

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CHADHA COS-PROBE
New Delhi: Competition Commission has ordered a probe against Chadha Holdings and its four group entities for alleged abuse of dominant position with respect to procurement of country liquor in Uttar Pradesh.

VODAFONE-MERGER
New Delhi: British telecom major Vodafone today said it will remain competitive post merger with Idea Cellular in the India market, which has seen huge disruption and turbulent tariff war with entry of new entrant Reliance Jio.

GAS BIDS
New Delhi: Adani Group today emerged as the top bidder for city gas retailing licences, eyeing as many as 52 cities, while Reliance-BP combine took a close look at bidding but dropped out at the last moment, sources said.

STOCKS
Mumbai: Rising for the third day, the BSE Sensex surged 305 points to recapture the 36,000-level while the NSE Nifty closed well above 10,900 today as participants wagered on robust corporate earnings.

RUPEE-CLOSE
Mumbai: The rupee today fell by 10 paise to close at 68.82 against the US currency due to fresh buying of the dollar by importers after the greenback rebounded in global markets on waning trade war worries.

GOLD-CLOSE
New Delhi: Gold prices went down by Rs 270 to Rs 31,380 per ten grams at the bullion market today, tracking a weak overseas trend amid slump in demand from local jewellers.

GOLDETF OUTFLOW
New Delhi: Gold exchange-traded funds (ETFs) continued to lose steam with investors pulling out nearly Rs 150 crore from the instrument in the April-June quarter, favouring equities.

TWITTER-MYVOTETODAY
New Delhi: As it intensifies the crackdown on bots, trolls, and fake accounts, Twitter has blocked several accounts in India, including the handle of polling app ‘MyVoteToday’ that in a recent poll had asked people who they want to be ‘silenced’ and listed options of chief ministers, Opposition politicians and journalists, among others.

LIC-IDBI
New Delhi: LIC employee unions have said that they are against the proposal for the insurer to acquire 51 per cent stake in IDBI Bank as it would hurt the interest of policyholders and their premium money.

SOURCEPTI

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