Business highlights

DEL87 BIZ-PM-LDALL NITI PM Modi says fundamentals of Indian economy strong, has capacity to bounce back New Delhi: Unfazed by projections of GDP growth slowing to an 11-year low in the current fiscal, Prime Minister Narendra Modi on Thursday said fundamentals of the Indian economy are strong and it has the capacity to bounce back. DEL77 BIZ-RUPEE-CLOSE Rupee surges 48 paise against US dollar Mumbai: The Indian rupee on Thursday appreciated by 48 paise to close at 71.21 against the US dollar as investors cheered easing tensions between the US and Iran.

DEL70 BIZ-LD STOCKS Sensex leaps 635 pts in relief rally as Mideast tensions ebb Mumbai: The Sensex vaulted 635 points while the Nifty reclaimed the 12,000-mark on Thursday as global investors heaved a sigh of relief after the US and Iran appeared to be backing off from a wider military conflict.

DEL62 BIZ-GOLD-PRICE Gold prices plummet Rs 766, silver also tumbles Rs 1,148 New Delhi: Gold prices plummeted by Rs 766 to Rs 40,634 per 10 gram in the national capital on Thursday amid a stronger rupee and weak global trends, according to HDFC Securities.

DCM21 BIZ-STOCKS-WEALTH Investors' wealth rises by Rs 2.25 lakh cr in market rally New Delhi: Investors' wealth rose by Rs 2.25 lakh crore on Thursday tracking improved sentiment in the equity market where the Sensex soared nearly 635 points as global investors heaved a sigh of relief after the US-Iran conflict appeared to cool off.

DCM17 BIZ-FITCH-AIRTEL Fitch says removing Bharti Airtel from ratings watch to depend on Supreme Court ruling New Delhi: Fitch Ratings on Thursday said removing Bharti Airtel Ltd from its Rating Watch Negative (RWN) will depend on the Supreme Court ruling on a review petition filed by telecom companies against being asked to pay backdated statutory dues after considering non-telecom revenues.

DCM15 BIZ-GOLDETF After a gap of 7 years, gold ETFs witness inflows in 2019 New Delhi: Investors infused Rs 16 crore in gold exchange-traded funds (ETFs) in 2019, after pulling out money from safe-haven assets in the last six years, on fears of a slowdown in the global market and volatility in equity and debt markets.

DCM13 BIZ-WEF-FISHING SURVEY Majority support ban on fishing of endangered species, govt subsidies: Survey New Delhi/Geneva: A large majority of seafood consumers across the world, including in India, support a ban on fishing of endangered species altogether, while a majority is also in support of banning government subsidies to fisheries contributing to overfishing and illegal fishing, a global survey has found. DCM25 BIZ-TATA-MOTORS Tata Motors to commence roll-out of BS-VI compliant products this month New Delhi: Tata Motors on Thursday said it will start roll-out of over 100 BS-VI compliant models, including passenger vehicles, this month.