BUSINESS HIGHLIGHTS

New Delhi, Mar 31 (PTI) Following are the top business stories at 2030 hours:

     DCM31 BIZ-VODA IDEA-DUES CONVERSION-CITI
     * Timely support by govt; will offer cash flow relief to telco: Citi on VIL dues to equity conversion
     New Delhi: The government's decision to convert Rs 36,950 crore dues of Vodafone Idea (VIL) into equity is a "major" and "timely" display of support that will offer significant cash flow relief to the telco in the next three years and help it complete long-delayed bank debt raise, Citi said on Monday. *
    
    DEL29 BIZ-GAS-PRICE
     * CNG to cost more after govt hikes APM gas price
     New Delhi: The government on Monday raised by 4 per cent the price of natural gas produced from old legacy fields called APM - the key input used to make CNG and produce electricity and product fertiliser. *

     DCM58 BIZ-HALDIRAM-ALPHA WAVE
     * Haldiram sells stake to IHC and Alpha Wave Global
     New Delhi: Haldiram Snacks Food, the country's leading snack and food brand, on Monday confirmed selling its stake to two new investors -- IHC (International Holding Company) and Alpha Wave Global -- according to a release. *
    
     DCM68 BIZ-ABREL-CENTURY PULP
     * ABREL sells Century pulp, paper biz to ITC for Rs 3,498 cr
     New Delhi: Aditya Birla Real Estate Ltd (ABREL) on Monday announced the sale of its pulp and paper business to ITC for Rs 3,498 crore as part of its strategy to focus on property business. *

     DCM34 BIZ-RECIPROCAL TARIFF-EXPLAINER
     * Explainer: Possible impact of Trump's reciprocal tariffs on India
     New Delhi: Indian industry and government officials are uncertain whether US President Donald Trump will proceed with his threat to impose reciprocal tariffs on its key trading partners, including India, on April 2. *

     DCM63 BIZ-LD RENAULT-NISSAN
     * Renault to buy out Nissan's 51 pc stake in Indian JV
     New Delhi: French auto major Renault on Monday said it will buy out its Japanese partner Nissan's 51 per cent stake in their Indian manufacturing joint venture -- Renault Nissan Automotive India Private Ltd (RNAIPL) -- for an undisclosed amount. *

     DCM38 BIZ-SMALL STOCKS-FY25
     * BSE smallcap index jumps 8 pc in FY25 on retail investors' participation, optimism in equity mkts
     New Delhi: The BSE smallcap and midcap indices ended the 2024-25 fiscal on a positive note amid a strong rebound this month, driven by a largely optimistic trend in the stock market, impressive retail investors' participation and better valuations. *

(This story has not been edited by THE WEEK and is auto-generated from PTI)