Business highlights

DEL65 BIZ-LD NATIONWIDE STRIKE Banking, transport services may be hit due to trade unions' strike on Jan 8 New Delhi: Banking, transport and other services across the country are likely to be hit as trade unions have called a nationwide strike on Wednesday. DEL67 BIZ-GDP GDP seen dropping to 5 pc in 2019-20: Govt data New Delhi: The Indian economy is estimated to grow at 5 per cent in 2019-20 as against 6.8 per cent in the previous fiscal, according to government data.

DEL69 BIZ-LD RUPEE Rupee regains 11 paise against USD on easing crude Mumbai:The Indian rupee on Tuesday reclaimed some lost ground, rising 11 paise to close at 71.82 against the US dollar as receding fears of a larger conflict in the Middle East helped crude oil prices ease. DEL49 BIZ-LD STOCKS Market in recovery mode amid no flare-up in US-Iran tensions Mumbai: Indian bourses too staged a recovery after two sessions of sharp losses on Tuesday, following somewhat calmed global markets as no further escalation in US-Iran tussle soothed investor nerves. DEL40 BIZ-GOLD-PRICE Gold prices fall Rs 420 on stronger rupee New Delhi: Gold prices corrected by Rs 420 to Rs 41,210 per 10 gram in the national capital on Tuesday amid a stronger rupee and profit-booking in international market for precious metal, according to HDFC Securities. DCM19 BIZ-BHARAT BANDH-PSU Govt tells PSUs to dissuade employees from joining Bharat Bandh on Wednesday New Delhi: The government has asked public sector undertakings to dissuade their employees from participating in the 'Bharat Bandh' called on Wednesday and advised them to prepare a contingency plan to ensure smooth functioning of the enterprises.