India Business News: Economy, Stocks, Rupee & More

New Delhi, Dec 7 (PTI) Following are the top business stories at 2150 hours:


DEL53 BIZ-LD ETHANOL

Govt bans use of sugarcane juice/sugar syrup for ethanol making in 2023-24 supply year

New Delhi: The Centre on Thursday banned the use of 'sugacane juice and sugar syrup' for ethanol production in the 2023-24 supply year that started this month, in order to maintain adequate sugar availability for domestic consumption and to keep prices under check.



DCM48 BIZ-SEZ-IT SECTOR

Inter-ministerial approval board can permit demarcation of non-processing area under IT sector SEZs

New Delhi: The inter-ministerial board of approval, on request of a developer of an IT/ITeS sector special economic zone, can permit demarcation of non-processing area of that zone, according to an official notification.


DCM36 BIZ-LD GROWTH-BERY

India a labour-rich country with enough institutional maturity; can register 8 pc growth: Niti VC

New Delhi: India has the potential to grow at 8 per cent as the country is labour-rich with enough institutional maturity of a functioning democracy, Niti Aayog vice chairman Suman Bery said on Thursday.


DEL54 BIZ-LD-STOCKS

Stock markets snap seven-day winning run; Sensex falls 132 points

Mumbai: Benchmark equity indices Sensex and Nifty snapped their seven-day winning streak on Thursday due to profit taking by investors after recent sharp gains triggered by negative cues from Asian markets.


DEL78 BIZ-LD RUPEE

Rupee falls 4 paise against US dollar

Mumbai: The rupee depreciated 4 paise to close at 83.36 against the US dollar on Thursday, tracking elevated American currency in the overseas market and a muted trend in domestic equities.


DEL46 BIZ-FM-LD BUDGET

No 'spectacular announcement' in February budget: FM

New Delhi: Finance Minister Nirmala Sitharaman on Thursday ruled out any "spectacular announcement" for her sixth budget on February 1 next year, saying it would just be a vote on account before the general elections.


DEL31 BIZ-FM-LD BORDER TAX

Border adjustment tax to meet green commitments not moral, against developing countries: Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Thursday said developed countries' move to levy a border adjustment tax to fund their own green commitments is "not moral" at all and is against the concerns of developing nations.



DEL92 RS-LD NIRMALA

Sitharaman tears into job-less growth claims terming as whimsical calculations

New Delhi: Finance Minister Nirmala Sitharaman on Thursday slammed Congress for launching 'Naam-ke-Vaste' schemes as she enumerated how meticulous implementation of the same new avataar under Modi government reached benefits to the needy and helped catapult India as the fastest-growing major economy.



DEL51 BIZ-RICE EXPORTS-NEPAL

Govt permits Indian Rice Exporters Federation to ship 20 MT of non-basmati rice to earthquake-hit Nepal

New Delhi: The government has provided a one-time exemption from the export ban to Indian Rice Exporters Federation for shipping 20 metric tonnes (MT) of non-basmati white rice as a donation to Nepal for earthquake-affected people.


DEL41 BIZ-GOLD-PRICE

Gold rises Rs 100; silver plunges Rs 800

New Delhi: Gold price gained Rs 100 to Rs 62,950 per 10 grams in the national capital on Thursday amid a rise in the price of precious metal globally, according to HDFC Securities.