Business highlights

Business highlights

New Delhi, Nov 7 (PTI) Following are the top business stories at 2100hrs.

BIZ-LD STOCKS - DEL42 Markets snap 3 days of rally; settle marginally lower Mumbai: Equity benchmark indices snapped three days of rally to settle marginally lower on Tuesday amid weak trends in Asian and European markets along with unabated foreign fund outflows.

BIZ-LD SOCIALMEDIA-MANDANNA - DEL66 Govt asks social media firms to identify, remove misinformation, deepfakes within 36 hrs New Delhi: The Centre has issued an advisory to major social media companies to identify misinformation, deepfakes and other content that violates rules and remove those within 36 hours after being reported to them, an official statement said on Tuesday.

BIZ-WEWORK-LD BANKRUPTCY -DEL10 Global coworking player WeWork files for bankruptcy New Delhi/New York: Global coworking player WeWork has filed for bankruptcy in the US and has also started a comprehensive reorganization and restructuring process to cut debt and strengthen its balance sheet.

BIZ-HDFC-LENDING RATE -DCM125 HDFC Bank hikes lending rates in select tenors by 0.05 pc Mumbai: Largest private sector lender HDFC Bank on Tuesday raised its lending rates by a marginal 0.05 per cent across select loan tenors.

BIZ-LD RUPEE -DEL64 Rupee falls 6 paise to close at 83.27 against US dollar on FII outflows Mumbai: The rupee settled lower by 6 paise at 83.27 against the US dollar in a range-bound trade on Tuesday, tracking a strong American currency overseas and sustained foreign fund outflows.

BIZ-GOLD-PRICE -DEL30 Gold declines Rs 250; silver nosedives Rs 650 New Delhi: Gold price declined Rs 250 to Rs 61,500 per 10 grams in the national capital on Tuesday amid weak cues in the global markets, according to HDFC Securities.

BIZ-VEDANTA-CEMENT -DCM85 JSW, Vedanta's Rs 10,000 cr investment in cement plants in Punjab stuck in red tape New Delhi: Mega investments of JSW Group and Vedanta in setting up cement plants in Punjab are awaiting approval from the state government, sources aware of the matter said.

BIZ-STOCKS-LD HONASA -DCM110 Honasa Consumer shares climb 4 pc in debut trade New Delhi: Shares of Honasa Consumer Ltd, which owns new-age FMCG brands like Mamaearth and The Derma Co, ended with 4 per cent gains in debut trade on Tuesday against the issue price of Rs 324. PTI MR HVA

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