New Delhi, Jul 9 (PTI) Following are the top business stories at 2025 hours:
DEL57 BIZ-LD VEDANTA-SHORT SELLER
* US short seller calls Vedanta Group a house of cards built on unsustainable debt; firm says allegation baseless
New Delhi: US short seller Viceroy Research on Wednesday called billionaire Anil Agarwal-led British firm Vedanta Resources a "parasite" that is "systematically draining" its Indian unit, an allegation which the group called as "selective misinformation and baseless" aimed at discrediting it. *
DCM28 BIZ-LD APPLE-APPT
* India-origin Sabih Khan appointed new COO of Apple
New Delhi: Apple Inc has named India-origin Sabih Khan as its new Chief Operating Officer (COO), marking a key move in its long-planned leadership transition. *
DEL28 BIZ-INDIAN EXECS-KHAN
* Sabih Khan joins elite league of India-born C-suite executives at global giants
New Delhi: Moradabad-born Sabih Khan has joined an elite league of India-born C-suite executives at global giants after being elevated to the position of chief operating officer of iPhone maker Apple, following the path laid by the likes of Indra Nooyi, Satya Nadella and Sundar Pichai. *
DEL65 BIZ-2NDLD STRIKE-UNIONS
* Nationwide strike: Normal life remains unaffected, sporadic violence in West Bengal
New Delhi: Normal life was not impacted in most parts of the country due to a nationwide strike called by several trade unions to protest against labour policies of the central government, though some sporadic incidents of violence were reported from West Bengal. *
DEL52 BIZ-LD-STOCKS
* Stock markets close lower amid caution ahead of Q1 earnings; IT, oil shares drag
Mumbai: Stock markets closed lower on Wednesday due to selling in IT and oil & gas shares as investors turned cautious ahead of the start of earnings season and mixed global trends. *
DEL71 BIZ-LD RUPEE
* Rupee ends flat against US dollar
Mumbai: The rupee closed flat at 85.73 against the US dollar on Wednesday, tracking a sluggish trend in the domestic equity market amid persistent foreign capital outflows. *
DCM47 BIZ-MUTUAL FUND-LD INFLOW
* Equity mutual fund inflow rises 24 pc to Rs 23,587 cr in Jun; breaks 5-month declining streak
New Delhi: The net inflow into equity mutual funds surged 24 per cent to Rs 23,587 crore in June, reversing the declining trend of the last five months, driven by strong equity market performance across segments, data released by the Association of Mutual Funds in India (AMFI) showed on Wednesday. *
DEL53 BIZ-GOLD-PRICE
* Gold declines Rs 700 to Rs 98,420/10 g ahead of US Fed's FOMC minutes
New Delhi: Gold prices declined by Rs 700 to Rs 98,420 per 10 grams in the national capital on Wednesday in line with weak global trends, according to the All India Sarafa Association. *