Business highlights
DEL40 BIZ-LSQ-ONION Onion output in kharif, late-kharif seasons of 2019-20 may fall 26 pc to 52.06 lakh tonne: Paswan New Delhi: Onion production in kharif and late-kharif seasons of 2019-20 is estimated to fall 26 per cent to 52.06 lakh tonne, putting pressure on supply and prices, Food Minister Ram Vilas Paswan said on Tuesday. DCM44 BIZ-DISINVESTMENT Cabinet likely to consider proposal to bring down its stake below 51 pc in CPSEs soon New Delhi: The Union Cabinet will soon consider a proposal to bring down government stake in central public sector enterprises (CPSEs) to below 51 per cent even while retaining the state control, sources said.
DCM10 BIZ-FADA-AUTO SALES Passenger vehicle retail sales jump 11 pc in Oct on festive demand: FADA New Delhi: Automobile dealers' body FADA on Tuesday said retail sales of passenger vehicles in October increased 11 per cent to 2,48,036 units against the same period last year, driven by festive demand during the month. BCM6 DEPOSIT-INSURANCE-RBI-UNIONS RBI unions want govt to hike deposit insurance cover to Rs 10L Mumbai: The Reserve Bank employees unions on Tuesday urged the government to hike the insurance cover on bank deposits from the present Rs 1 lakh to Rs 10 lakh.
DEL44 BIZ-LD STOCKS Sensex rises 186 pts; RIL rallies 4 pc to all-time high Mumbai: Market benchmark Sensex rose by 186 points on Tuesday, driven by substantial gains in Reliance Industries, Bharti Airtel and HDFC Bank amid positive trends in global equities. DEL47 BIZ-RUPEE-CLOSE Rupee recovers 13 paise to end at 71.71 against USD Mumbai:The rupee recovered from initial losses to settle higher by 13 paise at 71.71 against the US currency on Tuesday, propped up softening crude oil prices and gains in domestic equity markets. DEL12 BIZ-ONION-IMPORT Pvt traders place onion import orders; 1,000 tonnes expected by month-end: Govt official New Delhi: Private traders have placed orders for importing onions and at least 1,000 tonnes are expected by month end, which will help ease retail prices that is still ruling high at over Rs 60/kg, a senior government official said on Tuesday. DCM45 BIZ-LSQ-FCI-BORROWING FCI's total borrowing at Rs 2.19 lakh cr on Oct 31: Govt New Delhi: The Food Corporation of India (FCI), Government's nodal agency to procure and distribute foodgrains, had a total borrowing of Rs 2.19 lakh crore at October-end, Parliament was informed on Tuesday. RUJ RUJ