Business highlights

Ruchika Jha

New Delhi, Nov 7 (PTI) Following are the top business stories at 1820 hours: DEL23 BIZ-PMCBANK-RBIClosely monitoring situation at PMC Bank; forensic audit underway: RBI GuvNew Delhi: Reserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is underway.

DEL44 BIZ-LD STOCKSSensex maintains record run on reforms push, trade optimism; Nifty reclaims 12kMumbai: The Sensex scaled yet another lifetime peak while the Nifty closed above the key 12,000-mark after five months on Thursday as investors cheered the government's latest reforms push and progress on US-China trade negotiations.

DEL31 BIZ-HOMEBUYERS-FAQHomebuyers can approach banks for loan revival; Rs 25,000-cr fund not for projects in higher courts: GovtNew Delhi: A day after announcing a Rs 25,000-crore stress fund for stalled housing projects, the government on Thursday advised homebuyers to approach lenders for additional borrowing or revival of their loans, while clarifying that projects facing litigation in higher courts will not be covered under the scheme.

DEL56 BIZ-LD FSDCFM reviews state of economy with RBI, other regulators New Delhi: Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy, including stress in the financial sector, at the meeting of the Financial Stability and Development Council (FSDC).

DEL54 BIZ-BPCL-PRIVATISATION-LD PRADHANGovt has no business to be in business, says Pradhan ahead of BPCL privatisationNew Delhi: Days before the Union Cabinet takes up a proposal to privatise state-owned BPCL, Petroleum Minister Dharmendra Pradhan on Thursday said the government has 'no business to be in business', and cited examples of telecom and aviation sectors where opening up had led to increased competition and price cuts to the benefit of consumers.

DEL49 BIZ-RUPEE-CLOSERupee recovers losses to end flat on US-China trade deal hopesMumbai: The rupee pared its initial losses to settle flat at 70.97 against the US dollar on Thursday after the US-China trade deal hopes enthused investor sentiments.

DCM38 BIZ-TELECOM-AGR DUESDoT mulls impact of SC order on AGR beyond telcosNew Delhi: The communications ministry has started examining whether the Supreme Court's ruling on definition of telecom revenue may apply to any company that utilises radiowaves and has a telecom licence, throwing up the possibility of statutory dues swelling beyond Rs 3 lakh crore, according to a source.

DCM34 BIZ-RESULTS-ARCELORMITTALArcelorMittal posts USD 539 mn loss in Jul-SepLondon/New Delhi: The world's largest steel maker ArcelorMittal on Thursday reported a net loss of USD 539 million for the July-September quarter of 2019 hit by lower steel shipments and prices, and high material costs.

DCM23 BIZ-RESULTS-SUN PHARMASun Pharma posts Q2 net profit of Rs 1,064.09 cr New Delhi: Sun Pharmaceutical Industries on Thursday reported a consolidated net profit at Rs 1,064.09 crore in the second quarter ended September 30. PTI RUJRUJ