New Delhi, May 21 (PTI) Following are the top business stories at 2105 hours:
DEL57 BIZ-LD-INDIA-US-TRADE
* Interim trade deal with US likely by July 8; India for full exemption from 26 pc additional tariff
New Delhi: India and the US are likely to agree on an interim trade agreement before July 8 with New Delhi pushing for full exemption from the 26 per cent reciprocal tariff on domestic goods, an official said. *
DEL48 BIZ-INDIA-EU-FTA
* India, EU looking for early harvest trade agreement by July: Official
New Delhi: Negotiations for a proposed trade pact between India and the 27-nation European Union are progressing at a faster pace and both the sides are looking at concluding the talks for an early harvest trade agreement by July this year, a government official said on Wednesday. *
DEL82 BIZ-RESULTS-3RDLD INDIGO
* IndiGo posts highest Q4 profit of Rs 3,068 crore on strong air travel demand
New Delhi: InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Wednesday posted its highest-ever fourth quarter profit after tax of Rs 3,067.5 crore, mainly helped by strong air travel demand. *
DEL60 AVI-INDIGO-TURKISH AIRLINES
* Govt to decide on renewing IndiGo's leases of Turkish Airlines planes, says IndiGo CEO
New Delhi: IndiGo is fully compliant with all regulatory frameworks and regulations for operating flights with planes leased from Turkish Airlines, IndiGo CEO Pieter Elbers said on Wednesday and also mentioned that it is for the government to decide on the renewal of the leases.
DEL62 BIZ-INDUSIND-FRAUD
* IndusInd board suspects staff involvement in fraud, asks bank to report to investigative agencies
New Delhi: IndusInd Bank board suspects involvement of certain employees in the derivatives, microfinance and balance sheet "fraud" and directed the bank to report the matter to investigative agencies and regulatory authorities. *
FES21 BIZ-JLR-UK-INDIA-FTA
* UK-India FTA to help remove obstacles in doing biz, enhance focus on Indian market: JLR
Gaydon (UK): Jaguar Land Rover on Wednesday said the landmark UK-India free trade agreement (FTA) will help in removing obstacles in doing business and helping the automaker to enhance its focus on the Indian market. *
DEL33 BIZ-LD-STOCKS
* Stock markets snap 3-day decline on buying in banking shares; Sensex jumps 410 pts
Mumbai: Benchmark stock indices Sensex and Nifty rebounded on Wednesday, snapping their three-day falling streak on the back of buying in blue-chips HDFC Bank and ICICI Bank and a firm trend in Asian peers. *
DEL84 BIZ-LD RUPEE
* Rupee falls 1 paisa to close at 85.59 against US dollar
Mumbai: The rupee consolidated in a narrow range and settled for the day down by 1 paisa at 85.59 against the US dollar on Wednesday, on dollar demand from importers and foreign banks as well as surge in crude oil prices. *
DEL54 BIZ-GOLD-PRICE
* Gold rallies Rs 1,910 to Rs 98,450/10 g amid global uncertainty
New Delhi: Gold prices rebounded by Rs 1,910 to Rs 98,450 per 10 grams in the national capital as rising global uncertainties triggered a fresh wave of safe-haven buying. **