Business highlights

New Delhi, Nov 25 () Following are the top business stories at 1845 hours: DCM44 BIZ-LD TELECOM-COS CoS on telecom bailout package disbanded New Delhi: With the Cabinet allowing telecom operators to defer payments due for airwaves bought via auction until the end of March 2022, a committee of secretaries constituted to look at relief package for the debt-laden and loss-making sector has been wound-up, a top source said.

DCM47 BIZ-BSNL-VRS Over 92,000 employees of BSNL, MTNL opt for VRS scheme New Delhi: Over 92,000 employees of state-run BSNL and MTNL have so far opted for the recently announced VRS scheme, according to a government source.

DEL65 BIZ-LD STOCKS Market on a roll: Sensex captures new heights; Nifty tops 12,050 Mumbai: Equity benchmark Sensex surged nearly 530 points to scale a new closing peak of 40,889.23 on Monday, buoyed by renewed optimism over US-China trade deal and government's divestment measures to curb fiscal deficit.

DCM40 BIZ-PAYTM-LD FUNDS Paytm raises USD 1 bn in funding round led by T Rowe Price New Delhi: Digital payments company Paytm on Monday said it has raised USD 1 billion (over Rs 7,000 crore) in funding from US-based asset management firm T Rowe Price and existing investors including SoftBank and Alibaba to fund expansion plans.

DEL78 BIZ-LD RUPEE Rupee ends marginally lower against US dollar Mumbai: The rupee on Monday settled 3 paise lower at 71.74 per US dollar in line with weaker key global currencies against the greenback, despite a strong rally in financial markets on renewed hopes of trade truce between Washington and Beijing.

DCM38 BIZ-STOCKS-WEALTH Investors become richer by Rs 1.81 lakh cr as stocks zoom New Delhi: Investor wealth rose Rs 1.81 lakh crore on Monday driven by a strong rally in the broader market where the BSE benchmark surged 530 points to hit a fresh closing high of 40,889.23.

DCM39 LS-IFSC-UNIFIED REGULATOR Govt moves Bill in Lok Sabha to appoint unified regulator for IFSCs New Delhi: A Bill to set up unified financial regulator in the international financial services centres, currently one functional at GIFT in Gujarat, was introduced in the Lok Sabha on Monday.

DCM28 BIZ-STOCKS-LD-RCOM RCom shares rally 6 pc to hit upper circuit on asset sale buzz New Delhi: Shares of Reliance Communications hit their upper circuit on Monday, rising over 6 per cent, amid reports that Bharti Airtel, Reliance Industries and three others may bid for the assets of debt-ridden company.

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