Business highlights

Business highlights

New Delhi, Nov 17 (PTI) Following are the top business stories at 2100 hours: DEL61 BIZ-LD STOCKS Sensex, Nifty decline on selloff in banking, financial stocks Mumbai: In a volatile trade, equity benchmark indices Sensex and Nifty declined on Friday, dragged down by heavy selling pressure in banking, financial and energy stocks amid mixed cues from global markets.

DEL99 BIZ-LD RUPEE Rupee edges 3 paise lower at 83.26 against US dollar Mumbai: The rupee declined by 3 paise to 83.26 against the US dollar on Friday as a firm greenback in the overseas markets and losses in domestic equities weighed on investor sentiment.

DCM53 BIZ-BANKS-CAPITAL RBI's tighter regulatory risk weight to hit banks' capital adequacy by 60 bps: S&P New Delhi: The Reserve Bank's decision to tighten norms for consumer credit by raising risk weight for unsecured personal loans is likely to hit banks' capital adequacy by 60 basis points, S&P Global Ratings said on Friday.

DEL80 BIZ-FOREX India's forex reserves drop USD 462 mln to USD 590.321 bln Mumbai: India's forex kitty decreased by USD 462 million to USD 590.321 billion for the week ended November 10, the Reserve Bank said on Friday.

DCM64 BIZ-LD ECOMMERCE-EXPORTS Online sellers seek FDI in inventory-based model of e-commerce for export purposes New Delhi: The e-commerce industry has suggested the government to permit foreign direct investment (FDI) in an inventory-based model of online trade only for export purposes, a senior government official said on Friday.

DCM69 BIZ-LD INDIA-IPEF IPEF members conclude negotiations on fair, clean economy agreements New Delhi: The IPEF member countries, including India and the US, have concluded negotiations on the clean and fair economy agreements to strengthen the implementation of effective anti-corruption and tax measures and promote sustainable trade, an official statement said on Friday.

DCM60 BIZ-SEBI-FOLIO Sebi eases rule for physical securities' holders without PAN, KYC details New Delhi: Capital markets regulator Sebi on Friday decided to do away with the provision of requiring the freezing of folios without PAN, KYC details and nomination for all holders of physical securities.

DEL57 BIZ-GOLD-PRICE Gold jumps Rs 540; silver rallies Rs 1,200 New Delhi: Gold price jumped Rs 540 to Rs 61,750 per 10 grams in the national capital on Friday amid strong global cues, according to HDFC Securities. PTI SHW

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