Following are the business news highlights at 2000 hours today:
New Delhi: Major jewellers Gitanjali, Ginni and Nakshatra have also come under the scanner of various investigating agencies following PNB's declaration of Rs 11,400 crore fraud, committed allegedly by Nirav Modi.
DEL16 BIZ-LD STOCKS
Mumbai: Benchmark Sensex succumbed to fag-end profit-booking to end 144 points lower today after banking stocks tumbled on RBI's new norms for recognising stressed assets.
New Delhi: Realty major DLF has cut its net debt substantially to Rs 5,513 crore with the help of fund infusion by promoters and now targets to become a zero-debt company by the end of next fiscal, a senior company official said today.
New Delhi: With negotiations stuck over pricing of natural gas, ONGC Videsh Ltd has offered to invest USD 6.2 billion in development of Iran's giant Farzad-B gas field in the Persian Gulf while leaving the marketing of gas to Tehran.
DEL37 BIZ-RUPEE CLOSE
Mumbai: Extending gains for the second straight session, the rupee today rose by 23 paise to close at 64.09 a dollar on sustained selling of the American currency by exporters and banks.
DCM68 BIZ-RESULTS-JET AIRWAYS
New Delhi: Jet Airways today posted a 46 per cent decline in standalone net profit at Rs 165.25 crore in the three months ended December 2017 as higher expenses crimped the bottom line.
DCM31 BIZ-LD IDEA-QIP
New Delhi: Idea Cellular will raise up to Rs 3,500 crore by issuing equity shares to eligible investors through qualified institutional placement (QIP) route.
DCM58 BIZ-RESULTS-LD SUNPHARMA
New Delhi: Sun Pharmaceutical Industries today reported a 75.17 per cent decline in its consolidated net profit at Rs 365.39 crore for the December quarter, impacted by a one-time deferred tax adjustment of Rs 513 crore related to changes in US tax rates.
DEL5 BIZ-BULLION CLOSE
New Delhi: Gold and silver prices ruled flat at the bullion market today on scattered buying by local jewellers even as the metals strengthened overseas.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)