BUSINESS HIGHLIGHTS

New Delhi, May 9 (PTI) Following are the top business stories at 2110 hours:
    
     DEL105 BIZ-3RDLD INDOPAK-FUEL
     * Oil companies assure public: Ample fuel stocks available, no need for panic buying
     New Delhi: India has ample stocks of petrol, diesel and cooking gas LPG, and there is no need for panic buying, oil companies assured the public on Friday. *
    
     DEL114 BIZ-FM-CYBERSECURITY
     * Indo-Pak conflict: Sitharaman asks banks to ensure uninterrupted services
     New Delhi: Finance Minister Nirmala Sitharaman on Friday asked banks to remain vigilant and take all steps to ensure uninterrupted services to customers in view of heightened military conflict between India and Pakistan. *
    
     DEL115 AVI-INDOPAK-AIRPORTS-CLOSURE
     * At least 24 airports closed for civilian flights till May 15
     New Delhi: At least 24 airports in northern and western parts of the country, including Srinagar and Chandigarh, have been shut for civilian flights till May 15, sources said on Friday. *
    
     DEL116 BIZ-INDOPAK-2ND LD FOOD
     * Govt warns wholesalers, traders against hoarding of essential food items
     New Delhi: The government on Friday said the country has ample food stocks to meet domestic demand but warned traders and wholesalers against hoarding of essential food items creating artificial shortage. *
    
     DEL61 BIZ-INDUS TREATY-WORLDBANK
     * No role to play beyond facilitator: World Bank President Ajay Banga on Indus Water Treaty
     New Delhi: World Bank President Ajay Banga has said that the multilateral agency has no role to play beyond a facilitator in the Indus Water Treaty signed between India and Pakistan in 1960 for sharing of waters of Indus, Jhelum, and Chenab. *
    
     DEL96 BIZ-BANKS-LD ATMS
     * PSU banks refute rumours, say ATMs well stocked and fully functional
     New Delhi: Dismissing rumours, public sector banks including State Bank of India and Punjab National Bank on Friday said their ATMs are fully functional, well-stocked, and that digital services are operating smoothly. *
    
     DEL74 BIZ-2NDLD TRAI-SATCOM
     * Satellite firms like Starlink to pay 4 pc of revenue as spectrum charges
     New Delhi: Telecom regulator TRAI on Friday recommended that satellite communication companies like Starlink pay 4 per cent of their adjusted gross revenue (AGR) as spectrum charges to the government -- a rate steeper than what these firms had been lobbying for. *
    
     DEL101 BIZ-INDOPAK-2NDLD CCPA-WALKIETALKIE
     * CCPA issues notices to 13 e-commerce players for illegal sale of walkie talkies
     New Delhi: Government watchdog CCPA has issued notices to 13 e-commerce players like Amazon and Flipkart for illegal sale of walkie-talkie devices on their platforms, which could raise security concerns at a time of military conflict between India and Pakistan. *
    
     DCM59 BIZ-SBI-LD YESBANK
     * SBI, 7 other lenders to sell 20 pc stake in Yes Bank to Japan's SMBC for Rs 13,483 cr
     New Delhi: State Bank of India (SBI) and seven other lenders on Friday announced selling 20 per cent of their combined stakes in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC) for a consideration of Rs 13,483 crore, making it the largest cross-border investment in the Indian banking sector. *
    
     DEL72 BIZ-LD STOCKS
     * Markets tumble as India-Pak conflict flares up; Sensex, Nifty tank over 1 pc
     Mumbai: Stock market benchmark indices Sensex and Nifty tumbled over 1 per cent each on Friday as tensions soared between India and Pakistan, fuelling fears of a wider conflict. *
    
     DEL102 BIZ-STOCKS-WEALTH
     * Investors' wealth erodes Rs 7 lakh cr in 2 days as markets tumble due to India-Pak conflict
     New Delhi: Investors' wealth eroded by Rs 7 lakh crore in two days as stock markets became jittery following the escalation of the India-Pakistan conflict. *
    
     DEL127 BIZ-LD RUPEE
     * Rupee rises 22 paise to close at 85.36 against US dollar
     Mumbai: The rupee pared its initial losses and settled for the day higher by 22 paise at 85.36 against the US dollar on Friday, as likely intervention by the Reserve Bank of India helped contain excess depreciation of the rupee. *
    
     DEL85 BIZ-FOREX
     * Forex reserves drop USD 2 bn to USD 686 bn
     Mumbai: India's forex reserves dropped USD 2.065 billion to USD 686.064 billion for the week ended May 2, the RBI said on Friday. *
    
     DEL84 BIZ-GOLD-PRICE
     * Gold rallies Rs 480, inches close to Rs 1 lakh-mark
     New Delhi: Gold prices rallied Rs 480 to Rs 99,730 per 10 grams in the national capital on Friday as rising tensions between India and Pakistan triggered demand for safe haven assets, according to the All India Sarafa Association. *

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