Business Highlights: Adani Group's Energy Transition Investment, Digital India Act Update

New Delhi, Dec 6 (PTI) Following are the top business stories at 2140 hours:


DEL13 BIZ-DIGITAL-ACT-CHANDRASEKHAR

Digital India Act unlikely to be in place before next general election: MoS IT Rajeev Chandrasekhar

New Delhi: The government may not be able to put in place the Digital India Act, which aims to replace over 23 years old IT Act 2000, before the next general election, as there is not much time left for extensive consultation, minister of state for electronics and IT Rajeev Chandrasekhar said on Wednesday.


DCM99 BIZ-LD ADANI-RE

Adani Group to invest USD 75 bn on energy transition initiatives by 2030: Chairman Gautam Adani

New Delhi: Adani Group has plans to invest USD 75 billion in energy transition initiatives by 2030, its chairman Gautam Adani said on Wednesday.



DEL94 LS-LD SUPPLEMENTARY DEMAND

Govt seeks Parliament nod to spend additional Rs 58,378 cr in current fiscal

New Delhi: The government on Wednesday sought Parliament's nod to spend a net additional Rs 58,378 crore in the current fiscal ending March 2024, with a large chunk going towards MGNREGA and subsidy on fertiliser.



DEL92 RSQ-LD TUNNEL-GADKARI

Separation wall with openings provided in Silkyara tunnel to help stranded commuters escape: Govt

New Delhi: Amid reports raising questions on why under-construction Silkyara tunnel in Uttarkashi did not have a separate escape tunnel, the government on Wednesday said a separation wall was provided in the tunnel with egress openings at regular intervals that could be used as an escape route during an emergency.



DEL44 BIZ-LD STOCKS

Markets scale fresh lifetime highs; Nifty nears 21k-level

Mumbai: Equity benchmarks Sensex and Nifty rallied for the seventh straight session to hit fresh lifetime highs on Wednesday, driven by gains in index majors Reliance Industries, ITC and L&T amid persistent foreign fund inflows.



DEL82 BIZ-LD RUPEE

Rupee rises 5 paise against US dollar

Mumbai: The rupee appreciated 5 paise to close at 83.32 against the US dollar on Wednesday, helped by a bullish trend in domestic equities and lower crude oil prices.



DCM73 BIZ-RBI MPC-REPORT

RBI unlikely to cut rates before June: Deutsche Bank

Mumbai: The Reserve Bank-led Monetary Policy Committee (MPC) is unlikely to tweak repo rates till June next year, according to a foreign brokerage report.



DEL8 BIZ-INVESTORS-WEALTH

Investors' wealth rises by Rs 2.17 lakh crore in morning deals as markets scale new peaks

New Delhi: Investors turned wealthier by Rs 2.17 lakh crore on Wednesday, as benchmark indices raced to scale new peaks, lifted by gains in blue chip stocks on the back of strong institutional inflows.



DCM22 BIZ-GST-E INVOICE

Govt to mandate e-invoice for B2C transactions in 2-3 years

New Delhi: The government is likely to make it mandatory for businesses to issue electronic or e-invoice for B2C transactions in the next 2-3 years, an official said on Wednesday.



DCM89 BIZ-NCLAT-ZEE-SONY MERGER

Zee-Sony merger: NCLAT adjourns hearing on Axis Finance, IDBI Bank pleas to Dec 15

New Delhi: The NCLAT on Wednesday adjourned the hearing to December 15 on the two appeals filed by Axis Finance and IDBI Bank against the merger of Zee Entertainment and Culver Max Entertainment, formerly Sony Pictures Networks India.


DCM87 BIZ-IRCON-OFS

Govt to sell upto 8 pc in IRCON, to raise Rs 1,100 crore

New Delhi: The government will sell upto 8 per cent stake in IRCON through an offer for sale beginning on Thursday, which will help mop up about Rs 1,100 crore.



DEL43 BIZ-GOLD-PRICE

Gold plunges Rs 400; silver tumbles Rs 400

New Delhi: Gold prices plunged Rs 400 to Rs 62,850 per 10 grams in the national capital on Wednesday amid a decline in precious metal's demand internationally, according to HDFC Securities.