Business highlights

DEL127 BIZ-LD STOCKS Market bleeds: Sensex, Nifty suffer worst loss in 6 mths on US-Iran tussle Mumbai: The BSE Sensex crashed nearly 788 points, its worst session in about six months, as escalating US-Iran tensions sent crude oil prices soaring and also made investors shun equities and rush to safe haven assets.

DEL104 BIZ-GOLD-PRICE Gold prices hit lifetime high of Rs 41,730 per 10 gm, zoom Rs 720 New Delhi: Gold prices in the national capital hit an all-time high level on Monday and zoomed Rs 720 to Rs 41,730 per 10 gram following a pick-up in safe-haven demand for the metal amid weak equities and bullish global trends, according to HDFC Securities. DEL88 BIZ-PETROL-PRICE Petrol prices up 15 paise, diesel by 17 paise as crude hits USD 70 mark New Delhi: Petrol prices on Monday were hiked by 15 paisa a litre and diesel rates were increased by 17 paisa as global oil prices hit USD 70 mark in the wake of escalating US-Iran tensions fanning fresh fears of conflict in the crude-rich Middle East.

DEL131 BIZ-LD RUPEE-CLOSE Rupee slips 13 paise to 71.93 against US dollar on higher crude prices Mumbai: The rupee plunged 13 paise to settle at 71.93 against the US currency on Monday, weighed down by the spike in global crude oil prices as escalating US-Iran tensions fanned fresh fears of conflict in the Middle East. DCM32 BIZ-STOCKS-LD WEALTH Investors become poorer by over Rs 3 lakh cr in two days of mkt fall New Delhi: Investor wealth tumbled by a whopping Rs 3.36 lakh crore in two successive sessions of decline in the equity market following escalation in tensions in the Middle East.

DCM7 BIZ-PMI-SERVICES India's service sector activity growth hits 5-month high in Dec: PMI New Delhi: India's services sector activity gained momentum and touched a five-month high in December, supported by uptick in new business orders that boosted output as well as employment, a monthly survey showed on Monday. DCM11 BIZ-NCLAT-LD TATA-MISTRY Tata-Mistry case: NCLAT dismisses RoC plea, refuses to modify its judgment New Delhi: The National Company Law Appellate Tribunal on Monday dismissed the Registrar of Companies' petition seeking modification of the judgement in the Tata-Mistry case and said its ruling had not cast any aspersions on the RoC.