New Delhi, May 2 (PTI) Following are the top business stories at 2020 hours:
DEL28 BIZ-S&P-GROWTH
* S&P cuts India's FY26 GDP growth forecast to 6.3 pc over US tariff uncertainty
New Delhi: S&P Global Ratings on Friday cut India's growth projections by 0.2 percentage points to 6.3 per cent for the current fiscal year citing uncertainty over the US tariff policy and downside risks from its spillover to the economy. *
DEL21 BIZ-PMI-MANUFACTURING
* India's manufacturing sector growth hits 10-month high in April: PMI
New Delhi: The growth momentum in the Indian manufacturing sector improved in April, with output increasing at the fastest pace since June 2024, on the back of another strong expansion in order books, a monthly survey said on Friday. *
DEL15 AVI-DELHI AIRPORT-2NDLD FLIGHTS
* Delhi airport: 3 flights diverted, over 200 delayed due to inclement weather in Delhi
New Delhi: Three flights were diverted and over 200 flights were delayed at the Delhi airport on Friday morning as thunderstorms and gusty winds disrupted operations. *
DEL64 BIZ-GOLD-LD PRICE
* Gold climbs Rs 1,080 to Rs 96,800/10 gm, silver jumps Rs 1,600
New Delhi: Gold prices climbed Rs 1,080 to Rs 96,800 per 10 grams in the national capital on Friday due to fresh buying from jewellers amid a firm trend overseas, according to the All India Sarafa Association. *
DEL94 BIZ-PAKISTAN-LD LOANS
* India to ask global multilateral agencies to review loans, grants to Pakistan: Source
New Delhi: India will be asking global multilateral agencies, including the IMF, to have a relook at funds and loans provided to Pakistan, as New Delhi seeks to corner the neighbouring state diplomatically following the dastardly terror attack in Pahalgam last month which killed 26 tourists. *
DEL74 BIZ-REPAIRABILITY INDEX-PHONE
* Repairability index on anvil to help consumers take informed decision on buying smartphones, tablets
New Delhi: Smartphone and tablet manufacturers will soon have to rate their products on a repairability index to help consumers take informed decision as a government panel on Friday submitted a report recommending a framework for that. *
DCM79 BIZ-PANAGARIYA-TRADE
* US trade deal to place India in favourable position in global trade equation: Panagariya
New Delhi: India will come out stronger from the ongoing tariff uncertainty and a bilateral trade deal with the US will place the country "incredibly favourably" in global trading equation, 16th Finance Commission Chairman Arvind Panagariya said on Friday. *
DEL70 AVI-AIR INDIA-FLIGHTS
* Air India explores alternative routes for North America flights amid airspace curbs
New Delhi: Air India is looking at various alternatives for its North America flights from the national capital, including operating the services with a technical stop in a city within India, to reduce operational costs that have shot up due to the Pakistan airspace closure, sources said on Friday. *
DEL55 BIZ-LD STOCKS
* Sensex ends 260 points higher on FII buying, hopes of India-US trade deal
Mumbai: BSE benchmark index Sensex ended 260 points higher on Friday buoyed by optimism surrounding a potential India-US trade deal, record high GST collection in April, and continuous foreign fund inflows. *
DEL54 BIZ-FOREX
* Forex reserves jump USD 1.98 bn to USD 688.13 bn
Mumbai: India's forex reserves increased USD 1.983 billion to USD 688.129 billion during the week ended April 25, the RBI said on Friday. *
DEL91 BIZ-LD RUPEE
* Rupee pares gains, settles 3 paise lower at 84.57 against US dollar
Mumbai: The rupee on Friday hit a seven-month high and rose past the 84 per dollar level on sustained foreign fund inflows and stronger domestic data, but pared all gains to settle 3 paise lower at 84.57 against the greenback. *
DEL33 BIZ-TAX-ITR
* Govt notifies ITR-3 for individuals/HUFs having income from biz, profession
New Delhi: The Income Tax department has notified ITR form 3 to be filed by individuals and HUFs having income from business or profession. *
DCM86 BIZ-SEBI-GIFT CITY
* Sebi eases norms for stock brokers to operate from GIFT city, abolishes separate NOC requirement
New Delhi: Markets regulator Sebi on Friday allowed stock brokers to operate in the International Financial Services Centre (IFSC) at GIFT City, without taking its prior approval. *