News Highlights Of The Day

New Delhi, Sep 24 (PTI) Following are the top business stories till 1930 hours Monday:

LD STOCKS
Mumbai: Benchmark BSE Sensex Monday suffered its worst single-day loss in seven months, extending its fall for a fifth day due to a meltdown in banking and auto stocks on liquidity concerns and a rout in global markets.

PETROL
New Delhi: Petrol Monday crossed the Rs 90-mark in Mumbai as a dip in the value of rupee and rise in international oil prices pushed rates across the country to new all-time high.

JAITLEY-MARKETS
New Delhi: Seeking to calm the nerves of worried investors, Finance Minister Arun Jaitley said Monday that the government would take all measures to ensure adequate liquidity for non-banking financial companies (NBFCs) and mutual funds.

RUPEE-CLOSE
Mumbai: The rupee struggled to make headway after a two-day climb and backtracked to end sharply lower by 43 paise to 72.63 against the US dollar after crude prices soared ahead of impending US sanctions on Iran.

DENA-BANK-MERGER
Mumbai: The board of state-run Dena Bank Monday approved its merger with Bank of Baroda along with another state-run lender Vijaya Bank.

JAITLEY-BANKS
New Delhi: Finance Minister Arun Jaitley will meet the heads of public sectors banks (PSBs) tomorrow as part of the annual financial performance review exercise.

FACEBOOK-APPT
New Delhi: Social media giant Facebook said Monday it has appointed former Hotstar executive Ajit Mohan as Vice-President and Managing Director of its India operations.

INDIA-OIL-IMPORT
New Delhi: India, the world’s third-biggest oil importer, is considering cutting oil purchases to soften the blow from high crude oil prices and declining rupee, Indian Oil Corp (IOC) Chairman Sanjiv Singh said Monday.

RBI-OMO
Mumbai: The Reserve Bank will conduct open market operations (OMO) Thursday to purchase government bonds to infuse liquidity of Rs 10,000 crore.

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