New Delhi, Jun 11 (PTI) Following are the top business stories at 2025 hours:
DCM70 BIZ-LD-SEBI-UPI
*Sebi mandates new UPI mechanism for registered intermediaries to enhance investor safety
Mumbai: Markets regulator Sebi on Wednesday said it has mandated a new UPI payment mechanism for all registered intermediaries, who collect funds from investors, to improve the safety and accessibility of financial transactions within the securities market.
FES9 BIZ-SWISS-INDIA TRADE
Good regulatory framework important in India to attract investments: Swiss diplomat
Bern: Switzerland's State Secretary for Economic Affairs Helene Budliger Artieda has said a good regulatory framework and cut in red tape in India is important to attract Swiss investments.
FGN39 BIZ-GOYAL-EXPORTS
Challenging times for global trade; India will certainly cross USD 825 bn exports this fiscal: Goyal
Bern: The world trade is facing severe geo-political challenges, but India has consistently emerged as a winner in such times, and the country's exports of goods and services will certainly cross USD 825 billion in 2025-26, Commerce and Industry Minister Piyush Goyal said.
FGN47 BIZ-GOYAL-ECOMMERCE-POLICY
Proposed national e-commerce, retail trade policies under discussions: Goyal
Bern: The proposed national e-commerce and retail trade policies are under discussions as both are linked to each other, Commerce and Industry Minister Piyush Goyal has said.
DEL42 BIZ-LD-STOCKS
Stock markets close higher on firm global trends, foreign fund inflows
Mumbai: Benchmark Sensex closed higher by 123 points while Nifty rose for a sixth consecutive day on Wednesday following a rally in global markets amid optimism over US-China trade talks and foreign fund inflows.
DEL43 BIZ-GOLD-PRICE
Gold jumps Rs 820 to Rs 98,490/10 g; silver remains flat
New Delhi: Gold prices jumped Rs 820 to Rs 98,490 per 10 grams in the national capital on Wednesday due to fresh buying by retailers and stockists in line with firm global trends, according to the All India Sarafa Association.
DCM64 BIZ-AUTO DELEGATION-CHINA
Indian auto delegation gears up to visit China to expedite supply of rare earth magnets
New Delhi: A delegation of auto industry representatives is gearing up for a China visit to expedite the import of rare earth magnets to Indian entities, as per the industry sources.
DCM37 BIZ-INDIA-GAS-DEMAND
India's natural gas consumption to more than double by 2040: PNGRB study
New Delhi: India's natural gas consumption is likely to rise by close to 60 per cent by 2030 and more than double by 2040, on the back of rise in usage of the fuel as CNG in automobiles and for cooking and industrial purposes, according to a study by oil regulator PNGRB.
DCM27 BIZ-GOLD ETF
Gold ETFs stage comeback with Rs 292-cr inflow in May
New Delhi: After a two-month outflow, Gold Exchange Traded Fund (ETF) experienced a net inflow of Rs 292 crore in May driven by resilient gold prices and sustained global uncertainties.
DEL60 BIZ-LD RUPEE
Rupee rises 4 paise to settle at 85.53 against US dollar
Mumbai: The rupee appreciated 4 paise to close at 85.53 against the US dollar on Wednesday supported by a weak American currency against major rivals overseas. *
DCM46 BIZ-FSIB-LIC
*FSIB recommends R Doraiswamy for LIC CEO & MD position
New Delhi: FSIB, the headhunter for directors of state-owned banks and financial institutions, on Wednesday recommended R Doraiswamy for the post of CEO and MD of insurance behemoth LIC.*