New Delhi, Jul 25 (PTI) Following are the top business stories at 2050 hours:
DEL40 BIZ-LD INDOUK-FTA-RBI-GUV
* UK FTA will help India; need more such pacts with other countries: RBI Guv Sanjay Malhotra
Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday welcomed the signing of the free trade agreement with the UK, saying it will help multiple sectors of the Indian economy. *
DCM100 BIZ-NAYARA-CEO-RESIGN
* Nayara CEO resigns as co hit by EU sanctions
New Delhi: Russian oil giant Rosneft-backed Indian refiner, Nayara Energy, which has recently been hit by EU sanctions, has appointed a new chief executive officer after its previous CEO resigned, sources aware of the matter said on Friday. *
DCM25 BIZ-INDOUK-FTA-EXPLAINER
* India, UK ink major trade deal: An explainer
New Delhi: India inked a Comprehensive Economic and Trade Agreement (CETA) with the UK on July 24. It is the country's most ambitious trade agreement till date, covering 26 sectors from tariffs to technology. *
DEL38 BIZ-RATE CUT-RBI
* Inflation, growth outlook to decide rate cuts, not current CPI data: Malhotra
Mumbai: With data showing a steep decline in price rise in June, Reserve Bank Governor Sanjay Malhotra on Friday said that the outlook on inflation and growth will determine future rate cuts, making it clear that the current data will not influence the trajectory. *
DEL68 BIZ-LD-STOCKS
* Stock markets fall for 2nd day; Sensex tanks 721 pts dragged by Bajaj Finance, foreign fund outflows
Mumbai: Stock markets declined for the second day in a row on Friday, with the Sensex tumbling 721 points due to heavy selling in financial, IT and oil & gas shares amid persistent foreign fund outflows. *
DEL98 BIZ-LD RUPEE
* Rupee weakens 12 paise to settle at 86.52 against US dollar
Mumbai: The rupee declined 12 paise to settle at 86.52 against the US dollar on Friday, tracking negative domestic equity markets and surging global crude oil prices. *
DEL79 BIZ-PM-EMPLOYEMENT-SCHEME
* Govt to roll out employment-linked incentive scheme from Aug 1
New Delhi: Employment-linked incentive scheme, PM Viksit Bharat Rozgar Yojana, will come into effect from August 1, 2025, the Labour Ministry said on Friday. *
DCM101 BIZ-LD SONA COMSTAR-LETTER
* Sona Comstar says AGM held with regulatory compliance amid objections by late Sunjay Kapur's mother
New Delhi: Amid a brewing feud over who represents the interest of Kapur family in auto components major Sona BLW Precision Forgings, the company on Friday said it held its AGM with full regulatory compliance despite request for postponement from Rani Kapur, mother of late chairman Sunjay Kapur. *
DCM94 BIZ-INDOUK-FTA-CARBON
* India reserves right to take steps if UK's proposed carbon tax hits exports: Sources
New Delhi: The India-UK free trade agreement does not include a provision on Britain's proposed carbon tax, but if such a tax is imposed in the future, India will have the right to take steps to mitigate its impact on domestic exports, sources said on Friday. *
DEL74 BIZ-FOREX
* India's forex kitty drops by USD 1.183 bn to USD 695.489 bn
Mumbai: India's forex kitty declined by USD 1.183 billion to USD 695.489 billion during the week ended July 18, the RBI said on Friday. *
DCM75 BIZ-STOCKS-WEALTH
* Two days of market fall erodes Rs 8.67 lakh crore from investors wealth
New Delhi: Investors' wealth eroded by Rs 8.67 lakh crore in two days of sharp fall in the equity market, where the benchmark Sensex tanked 1.52 per cent. *
DEL63 BIZ-GOLD-PRICE
* Gold falls Rs 500 to Rs 99,120/10 g; silver trades flat
New Delhi: Gold prices extended losses for the second straight day, by declining Rs 500 to Rs 99,120 per 10 grams in the national capital on Friday, amid easing global trade tensions and dampening the safe-haven demand. *