New Delhi, Jul 2 (PTI) Following are the top business stories at 2025 hours:
DEL38 BIZ-SBI-RCOM-2NDLD FRAUD
* SBI to tag RCom loan account as 'fraud', names Anil Ambani in report to RBI
New Delhi: State Bank of India (SBI) has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI). *
DEL20 BIZ-LD CAB-SURGE PRICING
* Govt allows cab aggregators to charge up to 2-times of base fare during peak-hours
New Delhi: The road transport ministry has allowed cab aggregators such as Uber, Ola and Rapido to charge up to two times the base fare during peak hours, as against 1.5 times earlier, while for non-peak hours the fare has to be a minimum of 50 per cent of the base fare. *
DEL34 BIZ-LD-STOCKS
* Stock markets end lower; HDFC Bank, foreign fund outflows drag
Mumbai: Benchmark BSE Sensex declined by 287 points on Wednesday due to profit selling in HDFC Bank, L&T and Reliance Industries shares and caution ahead of the impending US tariff deadline. *
DEL53 BIZ-RUPEE-CLOSE
* Rupee ends 3 paise lower at 85.62 against US dollar
Mumbai: The rupee depreciated 3 paise to close at 85.62 against US dollar on Wednesday, on weak domestic equity markets and a rise in crude oil prices. *
DEL39 BIZ-GOLD-PRICE
* Gold extends gain for 2nd straight day, climbs Rs 500 per 10 g; silver trades flat
New Delhi: Gold prices jumped Rs 500 to Rs 99,170 per 10 grams in the national capital on Wednesday, tracking heavy global buying amid renewed concerns over US tariffs. *