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Business highlights

·3-min read

New Delhi, July 20 (PTI) Following are the top business stories at 1930 hours: DEL53 LS-LD SUPPLEMENTARY Govt seeks Par nod for Rs 23,675 cr extra spending New Delhi: Finance Minister Nirmala Sitharaman on Tuesday sought Parliament nod to spend a net additional Rs 23,675 crore, including Rs 17,000 crore for the health ministry, in the current financial year.

DEL56 BIZ-FINMIN-DA FinMin issues order to implement Cabinet decision on DA, DR hike from July 1 New Delhi:The Finance Ministry on Tuesday issued an order to implement the Cabinet decision to hike Dearness Allowance for central government employees to 28 per cent from July 1.

DEL59 BIZ-LD STOCKS Sensex extends losses for third day; Asian Paints rallies 6 pc on earnings boost Mumbai: Equity indices wilted under selling pressure for the third session on the trot on Tuesday as the global market sell-off deepened on renewed concerns over the fast-spreading Delta variant of the coronavirus.

DEL63 BIZ-LD RUPEE Rupee makes U-turn, spurts 27 paise to 74.61 against USD Mumbai: The Indian rupee reversed early losses to close 27 paise higher at 74.61 against the US dollar on Tuesday amid a lacklustre greenback overseas and weak crude oil prices.

DEL64 BIZ-LD ADB-INDIA-GROWTH ADB cuts India's FY22 economic growth forecast to 10 pc; inflation seen rising marginally to 5.5 pc New Delhi: The Asian Development Bank (ADB) has downgraded India's economic growth forecast for the current financial year to 10 per cent on Tuesday, from 11 per cent projected earlier this year, mainly on account of the adverse impact of the coronavirus pandemic.

DCM3 BIZ-YOUTUBE-SIMSIM YouTube to acquire Indian video e-commerce platform Simsim New Delhi: YouTube on Tuesday said it will acquire Indian video e-commerce platform Simsim, as part of its efforts to help small businesses and retailers in India reach new customers.

DCM15 BIZ-IOC-HYDROGEN IOC to build India's first green hydrogen plant New Delhi: India's largest oil firm IOC will build the nation's first 'green hydrogen' plant at its Mathura refinery, as it aims to prepare for a future catering to the growing demand for both oil and cleaner forms of energy.

DEL47 BIZ-GOLD-PRICE Gold gains Rs 253; silver marginally lower by Rs 61 New Delhi: Gold in the national capital on Tuesday gained Rs 253 to Rs 47,100 per 10 gram amid supportive global trends, according to HDFC Securities.

DCM21 BIZ-LD SWIGGY-FUNDING Swiggy closes USD 1.25 bn funding led by SoftBank Vision Fund 2, Prosus New Delhi: Food ordering and delivery platform Swiggy on Tuesday announced closure of USD 1.25 billion (approximately Rs 9,345 crore) funding led by SoftBank Vision Fund 2 and Prosus.

DCM44 BIZ-PFRDA-IPO-PENSION Pension money to soon be allowed into IPOs, NSE-200 companies: PFRDA Mumbai: Pension fund managers (PFMs) will soon be allowed to invest in initial public offerings, and also in a broader list of stocks, a top official from sector regulator PFRDA said on Tuesday.

DCM47 BIZ-AADHAAR Individuals can now update mobile numbers on Aadhaar at their doorstep with help of postman New Delhi: Individuals can now update mobile numbers on their Aadhaar cards at their doorstep with the help of a postman. PTI SHW SHW

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