New Delhi, Apr 22 (PTI) Following are the top business stories at 2035 hours:
FGN52 IMF-INDIA-GROWTH
* IMF lowers India's growth projection to 6.2 pc for FY26
New York: The Indian economy is projected to grow at 6.2 per cent in 2025-26, slower than earlier estimated rate of 6.5 per cent, due to escalated trade tensions and global uncertainty, the International Monetary Fund (IMF) said on Tuesday. *
DEL75 BIZ-LD-STOCKS
* Sensex, Nifty rise for 6th day on foreign fund inflows, buying in banking shares
Mumbai: Benchmark equity indices Sensex and Nifty advanced on Tuesday, marking their sixth straight day of rise helped by gains in banking and FMCG shares and foreign fund inflows. *
DEL120 BIZ-GOLD-2NDLD PRICE
* Gold surges Rs 1,800 per 10 gram to breach Rs 1 lakh-mark in Delhi
New Delhi: Gold prices surged by Rs 1,800 to zoom past the crucial Rs 1 lakh-mark for 10 grams in the national capital on Tuesday amid buying rush by local jewellers and stockists in anticipation of increased demand during Akshaya Tritiya and wedding season even as global macroeconomic uncertainties continued to fuel safe-haven chase. *
DCM84 BIZ-STOCKS-WEALTH
* Investors' wealth jumps Rs 33.55 lakh cr in 6 days of market rally
New Delhi: Equity investors became richer by Rs 33.55 lakh crore in six days of market rally where the benchmark Sensex jumped nearly 8 per cent during this period. *
DEL117 BIZ-RBI-LD-ECONOMY
* India poised to benefit from supply chain realignments: RBI bulletin
Mumbai: India is poised to benefit from supply chain realignments, diversified FDI sources, and engagement with global investors seeking resilience and scale, given its already established trade linkages, said the RBI's April bulletin. *
DEL90 BIZ-INDIA-US-LD TRADE
* Trade pact with India will help open new markets for American goods: USTR
New Delhi: The proposed trade pact with India will help open new markets for American goods and create new opportunities for workers, farmers, and entrepreneurs in both countries, the USTR said on Tuesday. *
DEL136 BIZ-LD RUPEE
* Rupee falls 4 paise to settle at 85.19 against US dollar
Mumbai: The rupee consolidated in a narrow range and settled lower by 4 paise at 85.19 against the US dollar on Tuesday, as the support from positive domestic equities was negated by dollar short-covering by investors. *
FGN55 BIZ-FM-MANUFACTURING
* India aims to double share of manufacturing in GDP to 23 pc helped by sunrise sectors: FM
San Francisco: Finance Minister Nirmala Sitharaman on Monday said India plans to increase the share of the manufacturing sector from 12 per cent to 23 per cent over the next two decades, aiming to create jobs and drive economic growth. *
DEL126 AVI-LD AI EXPRESS CHAIRMAN
* Campbell Wilson to step down as AI Express Chairman; Nipun Aggarwal to assume chairmanship
New Delhi: In a significant board-level change in Tata Group's consolidated airline business, Air India CEO Campbell Wilson will step down as the Chairman of budget airline Air India Express and will be replaced by Tata Group veteran and Air India Chief Commercial Officer Nipun Aggarwal. *
DEL127 BIZ-AIRTEL-LD ADANI
* Adani Data Network to transfer entire spectrum to Airtel after failing to roll out services
New Delhi: Adani Group firm Adani Data Network will transfer its entire spectrum holding to Bharti Airtel and its subsidiary Bharti Hexacom, both the companies said in separate statements without disclosing financial details. *