India Business News: Adani Ports, S&P, Stock Market & More - Nov 8

New Delhi, Nov 8 (PTI) Following are the top business stories at 2100 hours:


DEL61 BIZ-ADANI PORTS-3RDLD DFC

Adani's Colombo port terminal project to get USD 553 mn funding from US amidst China's aggressive infra push
New Delhi/Colombo: The US will provide USD 553 million financing to Colombo West International Terminal (CWIT) Pvt Ltd, a consortium that includes India's largest port operator Adani Ports and SEZ Ltd, as it tries to blunt China's aggressive infrastructure investment in the island nation.



DCM55 BIZ-S&P-INDIA

India's economy has track record of strong growth: S&P

New Delhi: S&P Global Ratings on Wednesday said India's economy has a track record of strong growth and retained its 6 per cent growth forecast for current fiscal year.


DEL49 BIZ-LD-STOCKS

Stock markets edge higher in volatile trade amid weak global cues

Mumbai: Benchmark equity indices Sensex and Nifty edged higher on Wednesday after a volatile trade amid weak cues from Asian and European markets along with unabated foreign fund outflows.


DEL91 BIZ-LD RUPEE

Rupee falls 3 paise to close at 83.30 against US dollar

Mumbai: The rupee consolidated in a narrow range and settled lower by 3 paise at 83.30 against the US dollar on Wednesday, tracking a strong American currency overseas.


DEL90 BIZ-GOVT-AIRTICKETS-LD REFUND

Process refunds related to air tickets booked during Covid lockdown by next week: Govt tells online travel portals

New Delhi: The government on Wednesday directed online travel aggregators to process pending refunds related to air ticket bookings during the coronavirus lockdown period by the third week of November.


DEL60 BIZ-LD PLI-CHINA-VISA

PLI scheme: Govt frames process for streamlining visa approvals for Chinese professionals

New Delhi: The government has formulated a standard operating procedure (SOP) for streamlining visa approvals for Chinese professionals whose expertise is required by vendors under the PLI scheme, an official said on Wednesday.


DEL44 BIZ-SHAH-LD NCOL

Cooperation Min Amit Shah launches 'Bharat Organics' brand of new cooperative body NCOL

New Delhi: Cooperation Minister Amit Shah on Wednesday launched the 'Bharat Organics' brand of newly created National Cooperative Organics Ltd (NCOL) and asserted that it will emerge as the most "trusted" brand in India and abroad in the coming years.


DEL39 BIZ-GOLD-PRICE

Gold drops Rs 150; silver tumbles Rs 950

New Delhi: Gold price dropped by Rs 150 to Rs 61,350 per 10 gram in the national capital on Wednesday amid a decline in the precious metal's price in overseas markets, according to HDFC Securities.