Business News: Telecom Bill, Stocks, Loan Apps, Rupee & More - Dec 18

New Delhi, Dec 18 (PTI) Following are the top business stories at 2030 hours:


PAR24 LS-TELECOM-BILL

Telecom Bill 2023:Govt to take possession of communication network in case of public emergency

New Delhi: A new telecom bill, introduced in Lok Sabha on Monday, allows the government to temporarily take control of telecom services in the interest of national security, drops OTT in definition of telecom services and provides for non-auction route for allocation of satellite spectrum.


DEL42 BIZ-LD-STOCKS

Stock markets snap record-breaking run on profit-taking; Sensex drops 168 pts

Mumbai: Benchmark equity indices Sensex and Nifty declined on Monday due to profit-taking by investors after a three-day record-breaking rally and a largely weak trend in Asian markets.


DEL36 LSQ-LOAN-APPS

Google has removed 2,500 fraudulent loan apps from its Play Store, says FM

New Delhi: The government on Monday informed Parliament that Google has suspended or removed over 2,500 fraudulent loan apps from its Play Store between April 2021 and July 2022.


DEL35 BIZ-RUPEE-CLOSE

Rupee falls 2 paise to close at 83.05 against US dollar

Mumbai: The rupee surrendered all its initial gains to settle 2 paise lower at 83.05 (provisional) against the US dollar on Monday, in line with a lacklustre trend in domestic equity markets.


DEL76 BIZ-TAX-COLLECTION

Net direct tax collection swells 21 pc to Rs 13.70 lakh cr in FY24

New Delhi: Net direct tax collections grew by 20.66 per cent to over Rs 13.70 lakh crore in the current fiscal so far, the income tax department said on Monday.


DCM91 BIZ-IRDAI-MICHAUNG

Irdai eases claim settlement norms for victims of Cyclone Michaung

New Delhi: Insurance regulator Irdai on Monday eased claim settlement norms for the victims of Cyclone Michaung by increasing the monetary limit for the appointment of surveyors.


DCM86 BIZ-LD GADKARI-VEHICLE-SCRAPPING

India needs 1,000 scrapping centres, 400 fitness test points: Gadkari

New Delhi: Union Road Transport and Highways Minister Nitin Gadkari on Monday said the country needs 1,000 vehicle scrapping centres and 400 automated fitness test centres.


DEL41 BIZ-GOLD-PRICE

Gold rises Rs 100; silver jumps Rs 350

New Delhi: Gold prices rose Rs 100 to Rs 62,750 per 10 grams in the national capital on Monday amid strong cues in the overseas markets, according to HDFC Securities.