New Delhi, May 28 (PTI) Following are the top business stories at 2035 hours:
DEL65 CAB-LD-KHARIF MSP
* Paddy MSP hiked by 3 pc; pulses, oilseeds by up to 9 pc for 2025-26 kharif season: Govt
New Delhi: The government on Wednesday announced a 3 per cent increase in the Minimum Support Price (MSP) for paddy to Rs 2,369 per quintal and up to 9 per cent rise for pulses and oilseeds for the 2025-26 kharif marketing season. *
DEL40 BIZ-LD IIP
* Industrial output growth slips to 2.7 pc in April, dragged by mining, power sectors
New Delhi: India's industrial production growth slowed to 2.7 per cent in April 2025 due to poor performance of manufacturing, mining and power sectors, according to official data released on Wednesday. *
DEL35 BIZ-LD STOCKS
* Stock markets close lower for 2nd day; Sensex down 239 pts as ITC tanks over 3 pc
Mumbai: Stock markets declined for the second straight day on Wednesday with benchmark Sensex falling by 239 points dragged by losses in FMCG major ITC. *
DEL14 BIZ-INDIA-US-TRADE PACT
* Possibility of interim trade deal between India, US by June 25: Sources
New Delhi: With a team of US officials expecting to visit India next month for trade talks, there is a possibility that the two countries may agree on an interim trade pact by June 25, sources said. *
DEL56 BIZ-2NDLD-ITC-BAT-STAKE SALE
* British American Tobacco sells 2.5 pc stake in ITC for Rs 12,941 crore
New Delhi: British multinational BAT Plc on Wednesday trimmed its shareholding in conglomerate ITC by divesting a 2.5 per cent stake for Rs 12,941 crore through open market transactions. *
DEL59 BIZ-SEBI-INDUSIND
* Sebi bans IndusInd Bank's former CEO Sumant Kathpalia, 4 others from
securities mkt
New Delhi: Markets regulator Sebi on Wednesday barred former Chief Executive Officer of IndusInd Bank, Sumant Kathpalia, and four others from accessing the securities markets, in connection with an alleged case of insider trading in the bank's shares. *
DCM106 BIZ-TRAI-LD SPECTRUM
* TRAI begins consultation for modalities of spectrum assignment in backhaul bands
New Delhi: TRAI on Wednesday began the consultation process for assignment of spectrum in six bands traditionally used for microwave backhaul between towers, as well as E and V bands, as the regulator sought stakeholder views on aspects like demand, terms and conditions, and charges. *
DEL66 BIZ-LD RUPEE
* Rupee settles 2 paise higher at 85.38 against US dollar
Mumbai: The rupee consolidated in a narrow range and settled for the day higher by just 2 paise at 85.38 against the American currency in a volatile trade on Wednesday, amid a negative trend in domestic equities and elevated crude oil prices. *
DCM79 BIZ-EY-GROWTH
* India's economic growth may moderate in FY26: EY report
New Delhi: India's economic growth is expected to moderate in the current fiscal influenced by global and domestic developments and the country may need to rely on a balanced mix of monetary and fiscal policies for sustaining the growth momentum in the near term, an EY report said on Wednesday. *
DCM29 BIZ-PAYPAL-RBI
* PayPal receives RBI nod to operate as cross-border payment aggregator
New Delhi: PayPal Payments Pvt Ltd (PayPal), the Indian subsidiary of PayPal Holdings Inc, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator–Cross Border–Exports (PA-CB-E). *
DEL32 BIZ-GOLD-PRICE
* Gold climbs Rs 500 to Rs 99,000/10 g; silver rallies Rs 1,000/kg
New Delhi: Gold prices climbed Rs 500 to Rs 99,000 per 10 grams in the national capital on Wednesday amid a firm trend in the overseas markets, according to the All India Sarafa Association. *