BUSINESS HIGHLIGHTS

New Delhi, Aug 7 (PTI) Following are the top business stories at 2030 hours:

     DCM18 PM-2NDLD-AGRICULTURE
     * India will never compromise on farmers' interest, ready to pay heavy price: PM
     New Delhi: In a subtle message directed at US President Donald Trump, Prime Minister Narendra Modi said on Thursday that India will never compromise on the interests of its farmers, fishermen and dairy sector, and declared he was prepared to bear a significant personal cost if necessary. *

     DEL78 BIZ-TRUMP TARIFF-MEA-SECY
     * No logic behind Trump's 50 pc tariff; talks continue with US: MEA official
     Mumbai: There is no logic or reason behind the Trump administration's "unilateral" move to impose 50 per cent tariffs on Indian exports to the US, a senior Indian diplomat said on Thursday. *

     DCM11 BIZ-TRUMP TARIFFS-INDIA-EXPLAINER
     * From calling 'Tariff King' to imposing high import duties: How US toughened trade terms with India
     New Delhi: From labelling India the 'Tariff King' to slapping sweeping import duties, US President Donald Trump has steadily hardened his trade stance on India. *

     DEL41 BIZ-AMBANI-SALARY
     * Ambani draws no salary for 5th yr; his promoter group earns Rs 3,600 cr in dividends
     New Delhi: Asia's richest man Mukesh Ambani drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries for the fifth year in a row and dividends remain his main source of earnings. *

     DEL71 BIZ-LD-STOCKS
     * Stock markets weather Trump tariff storm; Sensex, Nifty close higher
     Mumbai: Benchmark equity indices Sensex and Nifty staged a comeback on Thursday following the last-hour buying in IT and banking shares, even as US President Donald Trump slapping an additional 25 per cent duty on Indian goods weighed on investor sentiment. *

     DEL100 BIZ-LD RUPEE
     * Rupee rises 14 paise to close at 87.58 against US dollar
     Mumbai: The rupee extended recovery for the second straight session and settled 14 paise higher at 87.58 against the US dollar on Thursday, backed by a weaker American currency amid volatile global sentiment following US' move to raise duty on Indian goods up to 50 per cent as penalty for buying Russian oil. *

     DCM71 BIZ-NAYARA-SHIPPING
     * EU sanctions hits Nayara's coastal fuel supply as shipowners snap ties; co sends govt SOS
     New Delhi: Rosneft-backed Nayara Energy used ships to transport fuels like petrol and diesel to key consumption hubs along the west coast, reaching as far as Odisha. However, this supply chain has now been disrupted after shipowners, wary of European Union sanctions, halted the lifting of products from the company’s refinery in Vadinar, Gujarat. *

     DEL82 BIZ-GOLD-PRICE
     * Gold jumps Rs 3,600 to hit record as tariff concerns push investors to safe haven
     New Delhi: Gold prices rallied Rs 3,600 to hit a record high of Rs 1,02,620 per 10 grams in the national capital on Thursday as investors turned to safe-haven assets after the US administration announced a 25 per cent additional tariff on Indian imports. *

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