India Business Highlights: Economy, Markets, & Adani - Dec 5

New Delhi, Dec 5 (PTI) Following are the top business stories at 2130 hours:


DEL100 RS-LD ECONOMY

Chidambaram says govt providing jobless growth; BJP avers India global economic powerhouse now

New Delhi: Opposition parties led by the Congress on Tuesday drilled holes into India's 'steller' GDP growth story, saying it is it was a job-less growth, a charge the ruling BJP countered by citing shred stewardship given how major economies around the globe were faltering.



DEL73 BIZ-LD-STOCKS

Stock markets continue record run, Sensex scales 69K peak as power, bank shares advance

Benchmark Sensex and Nifty soared to new lifetime highs on Tuesday, fueled by robust buying in power, banking and utility stocks, extending their rally for a sixth consecutive session.



DEL102 BIZ-CHANDRASEKHAR 2ND LD SOCIAL MEDIA

Govt reviews social networks progress on curbing deepfakes; advisory on 100% compliance soon

New Delhi: Union Minister Rajeev Chandrasekhar on Tuesday met social media platforms to review progress made by them in tackling misinformation and deepfakes, and asserted that advisories will be issued in the next two days to ensure 100 per cent compliance by platforms.



DEL27 BIZ-INDIA-LD S&P

India to be third largest economy by 2030, opportunity to become global manufacturing hub: S&P

S&P Global Ratings on Tuesday said India will be the world's third-largest economy by 2030, but a major test for the country would be to unlock the 'immense opportunity' and become the next big global manufacturing hub.



DEL107 BIZ-LD-RUPEE

Rupee settles 1 paisa higher at 83.37 against US dollar

Mumbai: The rupee recovered from all-time low levels to settle up by 1 paisa at 83.37 against the US dollar in a restricted trade on Tuesday amid a stronger American currency in overseas markets and disappointing services sector data.


DEL17 BIZ-PMI-SERVICES

Services sector activity in India hits 1-year low in Nov on slower order growth, output: PMI

The services sector growth in India fell to a one-year low in November on softer expansions in new work intakes and output, despite receding price pressures, a monthly survey said on Tuesday.



DCM86 BIZ-STOCKS-LD ADANI

Adani group stocks settle up to 20 pc higher; market valuation inches closer to Rs 14 lakh cr

Adani Group shares continued their upward movement on Tuesday after a report stated that US agency IDFC had found Hindenburg Research's allegations of fraud against billionaire Gautam Adani-led conglomerate were 'not relevant'.



DCM7 BIZ-ADANI GREEN-FUND

Adani Green Energy gets USD 1.36 bn financing from international banks' consortium

Adani Green Energy (AGEL) on Tuesday announced it has secured a funding of USD 1.36 billion from a consortium of international banks as part of its construction financing framework.


DEL62 BIZ-INVESTOR-LD WEALTH

BSE-listed firms' market valuation touches record high of Rs 346.47 lakh crore

The combined market capitalisation of BSE-listed companies hit an all-time high of Rs 346.47 lakh crore on Tuesday, as key benchmark indices Sensex and Nifty scaled new peaks on Tuesday, amid persistent foreign fund inflows.


DEL56 BIZ-GOLD-PRICE

Gold nosedives Rs 1,050 to Rs 63,250 per 10g

Gold nosedived Rs 1,050 to Rs 63,250 per 10 grams in the national capital on Tuesday, retreating from its all-time high due to weak trends in the global markets, according to HDFC Securities.