Business highlights

Rai Vinay kumar

New Delhi, Nov 10 (PTI) Following are the top business stories at 1825 hours: DCM12 BIZ-SWISSBANKS-INDIANSNo claimants for dormant Swiss accounts of Indians; some may get liquidated soonNew Delhi/Zurich: No claimants have come forward for about a dozen dormant Swiss bank accounts linked to Indians, leaving the funds lying in these accounts at the risk of getting transferred to the Switzerland government.

DCM7 BIZ-RELIANCE-GASReliance cuts base price for new gas from KG-D6 after customer protestsNew Delhi: Reliance Industries has cut by about 7 per cent the minimum price it is seeking for the natural gas it plans to produce from newer fields in the Bay of Bengal KG-D6 block after key customers such as fertiliser plants protested over the high base price, sources said.

DCM21 BIZ-MEDICAL-PARKSGovt's go-ahead for 4 medical device parksNew Delhi: The government has given approval for setting up four medical device parks with a view to support Make in India initiative and provide world-class products at affordable price for treatment.

DCM16 BIZ-MARUTISUZUKI-PRODUCTIONMaruti Suzuki cuts production for 9th month in a rowNew Delhi: Maruti Suzuki India (MSI) reduced its production by 20.7 per cent in October, making it the ninth straight month when the country's largest carmaker lowered its output.

DCM20 BIZ-BSNL-VRSBSNL mulls biz continuity measures amid VRS plan rollout; talks on with DoTNew Delhi: With the current VRS plan expected to cut BSNL's staff by almost half, the DoT has instructed the corporation to put in place measures to ensure business continuity and smooth transition, particularly for manning telephone exchanges in rural areas.

DCM5 BIZ-MF-EQUITY INFLOWEquity mutual fund inflow hits 5-month low in OctNew Delhi: Equity mutual funds witnessed a net inflow of Rs 6,015 crore in October, the lowest in the last five months, amid rally in stock market following a series of reform measures taken by the government. PTI RVK