New Delhi, May 16 (PTI) Following are the top business stories at 2030 hours:
DEL21 BIZ-EXPORTS
* Agri, pharma, electronics, engineering account for over 50 pc of India's exports in FY25: Govt data
New Delhi: Agriculture, pharma, electronics, and engineering goods together accounted for over 50 per cent of India's merchandise exports in 2024-25, according to government data, highlighting the country's growing strength in diverse sectors amid efforts to boost manufacturing and value-added exports. *
DEL58 AVI-CELEBI
* Turkiye's Celebi Hava Servisi explores legal remedies to challenge termination of pacts in India
New Delhi: Turkiye's Celebi Hava Servisi AS on Friday said all available administrative and legal remedies will be pursued to challenge the unilateral termination of various licence and concession agreements in India after the security clearance for its India company was revoked. *
DEL74 BIZ-INDIA-US-GOYAL
* BTA talks: India, US trade ministers to assess progress from May 17; to give political guidance
New Delhi: India and the US will commence ministerial-level meetings in Washington from May 17 to assess the progress of negotiations for the proposed bilateral trade agreement, provide political guidance to chief negotiators and push forward efforts to deepen economic ties, an official said. *
DCM79 BIZ-NCLT-GENSOL-IREDA
* NCLT issues notice to Gensol Engineering on Ireda's insolvency plea
New Delhi: The NCLT on Friday issued a notice to Gensol Engineering, directing it to file a reply over the insolvency plea filed by the Indian Renewable Energy Development Agency, and listed the matter on June 3 for hearing. *
DEL61 BIZ-LD-STOCKS
* Stock markets end lower on profit taking in IT shares; Bharti Airtel declines nearly 3 pc
Mumbai: Benchmark stock indices Sensex and Nifty ended lower on Friday due to profit-taking in IT shares and Bharti Airtel after a sharp rally in the previous session. *
DEL89 BIZ-LD RUPEE
* Rupee ends 3 paise weaker at 85.57 against US dollar
Mumbai: Rupee pared its gains and settled 3 paise lower at 85.57 against the greenback on Friday as robust inflow of foreign capital failed to boost the local currency amid negative equity market sentiment and higher crude oil prices. *
DCM59 BIZ-LD RESULTS-HYUNDAI
* Hyundai Q4 PAT slips 4 pc to Rs 1,614 cr on lower sales in domestic market
New Delhi: Hyundai Motor India on Friday reported a 4 per cent dip in its consolidated profit after tax to Rs 1,614 crore for the fourth quarter ended March 2025, on account of lower sales in the domestic market. *
DCM83 BIZ-SINGTEL-2NDLD BHARTI AIRTEL
* Singtel offloads 1.2 pc stake in Bharti Airtel for USD 1.5 bn
New Delhi: Singtel on Friday said it has sold about 1.2 per cent of its direct stake in Bharti Airtel for SGD 2 billion (roughly USD 1.5 billion) in sync with its active capital management approach to optimise its asset portfolio and drive shareholder returns. *
DEL70 BIZ-FOREX
* Forex reserves jump USD 4.5 bln to USD 690.61 bln on rise in gold assets
Mumbai: India's forex reserves jumped by USD 4.553 billion to USD 690.617 billion for the week ended May 9 on the back of a steep increase in gold assets, the RBI said on Friday. *
DEL65 BIZ-GOLD-PRICE
* Gold climbs Rs 1,400 to Rs 96,450/ 10 g; silver jumps Rs 1,000
New Delhi: Gold prices jumped Rs 1,400 to Rs 96,450 per 10 grams in the national capital on Friday due to fresh buying from jewellers and stockists, according to the All India Sarafa Association. *