Business highlights

DEL42 CAB-ETF-LD BONDS Cabinet approves exchange traded fund for bonds; likely to hit mkt this month New Delhi: After exchange traded fund for equities, the Union Cabinet on Wednesday approved the launch of exchange traded fund (ETF) for bonds to create an additional source of funding for Central Public Sector Enterprises (CPSEs) and state-owned financial institutions. DEL19 BIZ-CAB-DATA BILL Cabinet approves Personal Data Protection Bill New Delhi: The government on Wednesday approved the Personal Data Protection Bill that will spell out a framework for handling of personal data including its processing by public and private entities.

DEL55 BIZ-LD STOCKS Sensex, Nifty advance ahead of policy decision; ICICI surges over 4 pc Mumbai: Market benchmark BSE Sensex on Wednesday closed higher by around 175 points in a volatile session, driven by buying in banking, auto and select IT stocks in the last hour of trade as investors bet on a further rate cut by the RBI.

DEL28 CAB-LD PRAGATI MAIDAN Cabinet approves developing 5-star hotel at Pragati Maidan New Delhi: The government on Wednesday approved transfer of 3.7 acres of land at Pragati Maidan here to ITDC and ITPO on a 99-year lease for Rs 611 crore to set up a five-star hotel.

DEL38 BIZ-GOLD-PRICE Gold jumps Rs 332 on positive global trend New Delhi: Gold prices on Wednesday jumped Rs 332 to Rs 39,299 per 10 gram in the national capital, tracking a positive global trend, according to HDFC Securities.

BCM7 LD-SAT-KARVY-BANKS Karvy case:SAT refuses relief to banks,sends them back to Sebi Mumbai: The Securities Appellate Tribunal (SAT) on Wednesday refused any immediate relief to top lenders who challenged the transfer of securities held with Karvy Stock Broking back to the clients or transfer them into an escrow account.

DEL59 BIZ-LD RUPEE Rupee firms up by 13 paise against USD Mumbai: The rupee clawed back its lost territory to settle 13 paise higher at 71.53 to the US dollar on renewed hopes about US-China trade deal.

DCM35 BIZ-AIRTEL-FUND RAISE Bharti Airtel board approves raising up to USD 4 billion New Delhi: Telecom operator Bharti Airtel's board on Wednesday approved raising USD 4 billion through equity dilution and debt funding.