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Business highlights

·2-min read

New Delhi, Mar 23 (PTI) Following are the top business stories at 1920 hours: DEL43 BIZ-LD STOCKS Markets back to winning ways; bank stocks rally post SC's moratorium verdict Mumbai: Equity indices regained their footing on Tuesday, propelled by banking stocks which surged after the Supreme Court declined to extend the loan moratorium period and said complete waiver of interest is not possible.

DEL59 BIZ-LD RUPEE Rupee logs 1st drop in five sessions, slips 6 paise against USD Mumbai: The Indian rupee registered its first loss in five sessions on Tuesday, ending lower by 6 paise at 72.43 against the US dollar, tracking weaker Asian peers against the American currency.

DEL27 BIZ-GOLD-PRICE Gold gains Rs 116; silver declines Rs 117 New Delhi: Gold prices gained Rs 116 to Rs 44,374 per 10 grams in the national capital on Tuesday reflecting overnight gains in global precious metal prices, according to HDFC Securities.

DCM47 LSQ-TOMAR-PESTICIDES Expert panel set up to examine industry views on govt's plan to ban 27 pesticides: Tomar New Delhi: Agriculture Minister Narendra Singh Tomar on Tuesday told Parliament that the government has constituted an experts' panel to examine objections and suggestions received in response to the draft notification regarding imposing ban on 27 pesticides.

DCM38 LSQ-FERTILISER-SUBSIDY No final call taken on direct cash transfer of fertiliser subsidy to farmers: Govt New Delhi: The government has not yet taken a final decision on implementation of direct cash transfer of fertiliser subsidy to farmers, Fertiliser Minister D V Sadananda Gowda informed Parliament on Tuesday.

DCM28 RSQ-DISCOMS LIQUIDITY PACKAGE Discoms get Rs 46K cr under liquidity package so far out of total sanctioned loans of Rs 1.35 lakh cr New Delhi: Power distribution utilities or discoms in the country have been sanctioned loans of Rs 1.35 lakh crore and disbursed Rs 46,321 crore so far under the liquidity infusion scheme, Parliament was informed on Tuesday DCM22 RS-GST-COLLECTIONS GST collections top Rs 1 lakh cr for five straight months since Oct 2020: MoS Finance New Delhi: Increased economic activities have resulted in higher GST collection which stood above Rs 1 lakh crore for five months in a row since October 2020, Minister of State for Finance and Corporate Affairs Anurag Thakur said in the Rajya Sabha on Tuesday.

DCM2 BIZ-ADANIPORTS-GPL-ACQUISITION Adani Ports to acquire controlling stake in Gangavaram Port for Rs 3,604 cr New Delhi: Adani Ports and Special Economic Zone on Tuesday said it will acquire controlling interest in Gangavaram Port Ltd (GPL) from DVS Raju and family for Rs 3,604 crore taking its stake in GPL to 89.6 per cent. PTI SHW SHW