BUSINESS HIGHLIGHTS

New Delhi, Jul 18 (PTI) Following are the top business stories at 2110 hours:

     DEL96 BIZ-RESULT-LD RELIANCE
     * Reliance Industries Q1 profit jumps 78 pc to Rs 26,994 cr on better show by consumer businesses
     New Delhi: India's most valuable company Reliance Industries on Friday reported its highest-ever quarterly profit of Rs 26,994 crore for the April-June quarter, reflecting a growth of 78.3 per cent over the year-ago period, driven by consumer businesses and investment sales. *

     DEL8 BIZ-INDIA-US-WTO
     * Duty imposed on auto on national security grounds; not safeguard measures:US on India's claim in WTO
     New Delhi: The US has rejected India's claim that American tariffs on auto and auto parts qualify as safeguard measures under the WTO (World Trade Organization) rules, and asserted that the duties are imposed on national security grounds. *

     DEL73 AVI-PLANECRASH-LD-TATA TRUST
     * Tatas sets up Rs 500 crore AI-171 Memorial and Welfare Trust for plane crash victims
     New Delhi: Tata Group on Friday announced setting up a Rs 500-crore trust - The AI-171 Memorial and Welfare Trust - for the victims of the Air India plane crash that killed 260 people in Ahmedabad last month. *

     DEL45 BIZ-LD-STOCKS
     * Sensex tanks 501 pts, Nifty closes below 25k on selling in bank stocks, foreign fund outflows
     Mumbai: Benchmark Sensex tanked 501 points while Nifty closed below the 25,000 mark on Friday due to selling in banking shares after muted quarterly earnings and foreign fund outflows. *

     DEL89 BIZ-LD RUPEE
     * Rupee settles 4 paise lower at 86.16 against US dollar
     Mumbai: The rupee stayed weak for the third straight session and settled 4 paise lower at 86.16 against the US dollar on Friday, amid rising global crude oil prices and a steep decline in domestic equity markets. *

     DCM76 BIZ-AIRTEL-MITTAL-REMUNERATION
     * Sunil Mittal's remuneration up 0.8%, Gopal Vittal's 9.1% in FY25
     New Delhi: Bharti Airtel Chairman Sunil Mittal's remuneration rose marginally to Rs 32.5 crore during FY25, while that of Vice Chairman and Managing Director Gopal Vittal was up 9.1 per cent, according to the company's latest annual report. *

     DCM33 BIZ-RELIANCE RETAIL-LD KELVINATOR
     * Reliance Retail acquires consumer durables brand Kelvinator for nearly Rs 160 cr
     New Delhi: Reliance Retail on Friday announced the acquisition of consumer durables brand Kelvinator from the Electrolux Group, which pegged the transaction value at SEK 180 million (nearly Rs 160 crore), as the country's largest retailer seeks to accelerate growth in the rapidly expanding premium home appliances market across India. *

     DCM77 BIZ-NCLAT-RINFRA
     * NCLAT stays insolvency proceedings against Reliance Infrastructure
     New Delhi: Reliance Infrastructure Ltd on Friday said appellate tribunal NCLAT has stayed the insolvency proceedings against the company following a repayment of Rs 92.68 crore towards tariff as per an energy purchase agreement. *

     DCM34 BIZ-EU-SANCTIONS-INDIAN REFINERY
     * EU imposes sanctions on Rosneft's India refinery, lowers oil price cap
     New Delhi: The European Union on Friday imposed sanctions on the Indian oil refinery of Russian energy giant Rosneft and lowered the oil price cap, as part of a new raft of measures against Russia over its war in Ukraine. *

     DEL54 BIZ-FOREX
     * Forex reserves drop by USD 3 bln to USD 696.672 bln
     Mumbai: India's forex reserves dropped by USD 3.064 billion to USD 696.672 billion during the week ended July 11, the RBI said on Friday. *

     DEL44 BIZ-GOLD-PRICE
     * Gold rises Rs 100 to Rs 98,770/10 g; silver trades flat
     New Delhi: Gold prices rose Rs 100 to Rs 98,770 per 10 grams in the national capital on Friday amid a firm trend in the international markets, according to the All India Sarafa Association. *

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