BUSINESS HIGHLIGHTS

New Delhi, May 20 (PTI) Following are the top business stories at 2035 hours:
    
     DEL49 BIZ-FM-REGULATORY DELAYS
     * Delays in regulatory clearances can lead to uncertainty, says FM
     New Delhi: Delays in regulatory clearances can lead to uncertainty and disrupt commercial timelines, Finance Minister Nirmala Sitharaman said on Tuesday as India negotiates trade deals with various countries, including the US. *
    
     DEL39 BIZ-LD-STOCKS
     * Sensex, Nifty tumble 1 pc in third day of decline; RIL, HDFC Bank major drag
     Mumbai: Falling for the third day in a row, benchmark stock indices Sensex and Nifty tumbled 1 per cent on Tuesday dragged down by profit taking in blue-chips such as HDFC Bank, Reliance Industries and ICICI Bank. *
    
     DCM93 BIZ-GOVT-INSOLVENCY LAW
     * Govt working on amendments to insolvency law
     New Delhi: The government is working on amending the insolvency law, including the provision related to bidders requiring CCI approval for resolution plans involving combinations before they approach the Committee of Creditors, according to a senior official. *
    
     DCM27 BIZ-GOVT-GENSOL
     * Corp Affairs Min aims to complete probe into Gensol Engg, related cos in 3-5 months
     New Delhi: The corporate affairs ministry aims to complete the probe into crisis-hit Gensol Engineering Ltd and around 18 other related companies in the next three to five months, a senior official said on Tuesday. *
    
     DEL26 BIZ-MANGO-EXPORTS
     * Mango irradiation operations normalised at Mumbai facility after brief data error
     New Delhi: India's mango exports to the US are registering healthy growth, and irradiation operations at a key mango treatment facility in Mumbai have been normalised after a brief disruption due to a data recording error earlier this month, an official said on Tuesday. *
    
     DCM32 BIZ-CCI-CHAIRPERSON
     * Predatory pricing: CCI chief says cost of production norms to help in more accurate assessment
     New Delhi: Amidst concerns and complaints over predatory pricing ways, Competition Commission chief Ravneet Kaur on Tuesday said the new cost of production norms will help in having more accurate and objective assessment for easier enforcement outcomes. *
    
     DEL61 BIZ-LD INFRA
     * Key infra sectors' growth slows to eight-month low of 0.5 pc in April
     New Delhi: The output of eight key infrastructure sectors slowed down to an eight-month low of 0.5 per cent in April due to contraction in the production of crude oil, refinery products and fertiliser. *
    
     FES24 BIZ-JLR-INDIA
     * JLR aims to double biz in India over next 3-4 yrs; looks to expand products, sales network
     Gaydon (UK): Bullish on growth prospects, Jaguar Land Rover aims to double its business in India over the next 3-4 years amid plans to bolster its product portfolio and sales network, according to a top company executive. *
    
     DEL53 BIZ-STOCKS-WEALTH
     * Sharp fall in markets erode Rs 5.64 lakh cr from investors' wealth
     New Delhi: Investors' wealth eroded by Rs 5.64 lakh crore on Tuesday as markets fell sharply, with the benchmark Sensex tumbling 873 points, dragged down by decline in blue-chips HDFC Bank, Reliance Industries and ICICI Bank. *
    
     DEL74 BIZ-LD RUPEE
     * Rupee falls 16 paise to close at 85.58 against US dollar
     Mumbai: The rupee depreciated 16 paise to close at 85.58 against the US dollar on Tuesday, on weak domestic markets and a bounce back in US treasury yields. *
    
     DEL40 BIZ-GOLD-PRICE
     * Gold falls Rs 490 to Rs 96,540 per 10 g; silver declines by Rs 1,000 per kg
     New Delhi: Gold prices fell by Rs 490 to Rs 96,540 per 10 grams in the national capital on Tuesday due to weak demand, according to the All India Sarafa Association. *

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