BUSINESS HIGHLIGHTS

New Delhi, Jun 24 (PTI) Following are the top business stories at 2050 hours:
    
     DCM93 BIZ-ADANI-LD AGM
     * Adani Group to invest USD 100 bn over next 5 yrs: Gautam Adani
     New Delhi: The Adani Group plans to invest USD 15-20 billion a year across businesses over the next five years to chart out the next phase of growth, Chairman Gautam Adani said on Tuesday as he touted the conglomerate's strong balance sheet to shrug off US indictment. *

     DEL79 BIZ-INDIA-UK-FTA
     * India, UK likely to sign trade pact by July end; commerce secretary in London: Official
     New Delhi: The process of legal scrubbing of the India-UK free trade agreement (FTA) text is progressing at a faster pace, and the pact is expected to be signed by the end of July, an official said on Tuesday. *

     DEL60 BIZ-FM-LD TRADE
     * Trade agreements with US, EU to be concluded soon: Sitharaman
     New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said negotiations for the proposed free trade agreements with the US and European Union (EU) are progressing at a fast pace and would be concluded soon. *
    
     DEL106 AVI-DGCA-2NDLD SURVEILLANCE
     * Regulator DGCA finds multiple violations related to airlines, airports, aircraft maintenance works
New Delhi: Aviation watchdog DGCA has detected multiple violations related to airlines, airports, aircraft maintenance works, and repeated defects in multiple cases during its surveillance at major airports, an exercise carried out in less than two weeks after the Air India plane crash. *
    
     DEL104 AVI-MIDDLE EAST-LDALL FLIGHTS
     Air India, AI Express resume flights to Middle East as airspaces reopen
New Delhi: Air India and Air India Express on Tuesday progressively resumed their services to the Middle East, with flights to Dubai and Muscat, respectively, as countries in the region reopened their airspaces. *

     DEL70 BIZ-LD STOCKS
     * Markets trim gains on renewed geopolitical tensions in Middle East; Sensex rises 150 pts
     Mumbai: Equity benchmarks Sensex and Nifty on Tuesday gave up most of their sharp intra-day gains due to the emergence of profit-taking as investors turned cautious amid reports of a ceasefire violation between Iran and Israel. *

     DEL100 BIZ-LD RUPEE
     * Rupee logs steepest single-day gain in nearly 5 years; ends 73 paise higher at 86.05 Vs dollar
     Mumbai: The rupee rebounded from record low level and registered the steepest single-day gain in nearly five years to settle 73 paise higher at 86.05 against the US dollar on Tuesday after global crude oil prices tanked amid expectations of deescalation in Middle East tensions. *

     DCM30 BIZ-LD-S&P-INDIA
     * S&P ups India's FY26 GDP growth estimates to 6.5 pc, sees no significant movement on INR, inflation
          New Delhi: S&P Global Ratings on Tuesday upped India's GDP growth forecast for the current fiscal to 6.5 per cent, citing lower crude prices, monetary easing and normal monsoon, and said the ongoing geopolitical tensions are unlikely to put a "significant pressure" on the rupee or inflation. *

     DCM85 BIZ-EPFO-ATM
     * EPFO member may soon be able to withdraw EPF money through ATMs, UPI directly
     New Delhi: Retirement fund body EPFO subscribers may soon be able to withdraw their employees' provident fund (EPF) directly from their accounts through ATMs or other modes like UPI after linking their bank accounts with EPF. *
    
     DCM77 BIZ-PROVIDENT FUND-WITHDRAWAL
     * Advance withdrawal of up to Rs 5 lakh from PF accounts allowed through auto settlement mode
     New Delhi: Union Labour Minister Mansukh Mandaviya on Tuesday announced raising the limit from Rs 1 lakh to Rs 5 lakh for auto-settlement of claims for advance withdrawal from employees' provident fund accounts. *

     DCM49 BIZ-STOCKS-LD OIL
     * Crude oil sensitive stocks end higher amid sharp correction in Brent crude prices
     New Delhi: Shares of crude oil sensitive sectors -- oil marketing companies, aviation, paints and adhesives -- jumped on Tuesday after a sharp correction in Brent crude oil prices. *

     DEL74 BIZ-GOLD-PRICE
     * Gold declines Rs 900 to Rs 98,900/10 g on Iran-Israel ceasefire hopes
     New Delhi: Gold prices plummeted Rs 900 to Rs 98,900 per 10 grams in the national capital on Tuesday as the expectations of a ceasefire between Iran and Israel reduced the precious metal's safe-haven appeal in the global market. **

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