Business Highlights Of The Day

New Delhi Feb 8, (PTI) Following are the top business stories at 19: 30 hours:

Twitter Says It Doesn’t Take Actions Based On Political Views
New Delhi
: Faced with allegations of being politically biased in India, Twitter Friday said it believes in impartiality and does not take any actions, such as blocking of accounts, based on political views.

In-Flight Sales
New Delhi: Budget airline IndiGo has approached the Reserve Bank seeking relaxation in foreign exchange norms regarding use of Indian rupees for onboard sales in international flights.

Rupee Close
Mumbai: The rupee appreciated by 14 paise Friday to close at 71.31 against the US dollar on persistent foreign fund inflows even as the greenback strengthened overseas amid fresh concerns over global growth.

Tata Steel Q3 Net Profit Jumps Over 54% to Rs 1,753-Crore
New Delhi: Tata Steel on Friday reported a 54.33 per cent jump in consolidated net profit to Rs 1,753.07 crore during the quarter ended on December 31, 2019, helped by higher income.

Stocks Close
Mumbai: The BSE Sensex plummeted over 424 points while the Nifty finished below the 11,000-mark Friday, led by a sharp selloff in auto and metal stocks amid renewed concerns over the US-China trade conflict.

GST on Homes Alert
New Delhi: A panel of state ministers Friday favoured lowering GST on under-construction residential properties to 5 per cent, from 12 per cent currently.

Passenger Vehicle Sales Drop 1.87 Per Cent in January
New Delhi: Domestic passenger vehicle (PV) sales declined for the third month in a row in January, dropping 1.87 per cent, as manufacturers continued to reduce inventory at dealers following a tepid festive season sales, according to SIAM.

NCLT Closes Insolvency Proceedings Against Parsvnath Landmark
New Delhi: The National Company Law Tribunal has closed the insolvency resolution process against a Parsvnath Developers’ subsidiary after homebuyers ‘amicably settled’ their dispute with the realty firm.



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