India Business News: Rupee Flat, Sensex Tumbles, Vedanta Stake Sale

New Delhi, Aug 13 (PTI) Following are the top business stories at 2100 hours:


DEL63 BIZ-CCI-APPLE REPORT

**** Apple case: CCI recalls probe report; says move to protect 'legal rights of all parties involved'
New Delhi: Competition Commission has recalled the investigation report in the case related to alleged anti-competitive practices of technology major Apple to protect the "legal rights of all parties involved".****


DEL64 AVI-DELHI AIRPORT

****Delhi airport: Restrictions to be in place for non-scheduled flights on Aug 15

New Delhi, Aug 13 (PTI) Non-scheduled flights will not be allowed to take off or land at the Delhi airport during specified hours on August 15, according to an official.****



DCM107 BIZ-VEDANTA-OFS

****Vedanta to sell 2.6 pc stake in Hindustan Zinc through OFS

New Delhi: Mining conglomerate Vedanta Ltd on Tuesday said that its board has approved the sale of up to 11 crore shares or 2.60 per cent stake in Hindustan Zinc through an offer for sale (OFS). ****



DEL23 MP-SITHARAMAN-TAXATION

**** Govt needs money to meet challenges, fund R&D, says Sitharaman

Bhopal: Union Finance Minister Nirmala Sitharaman on Tuesday justified the present taxation regime, saying that the country needs resources to meet the challenges facing the nation and also to fund research and development activities. ****



DCM99 BIZ-VODAFONE IDEA-GOVT

****Govt position on its holding is their call; not heard from them on stake sale: Vodafone Idea

New Delhi: Amid reports that the government may have sounded out some sovereign funds for offloading its stake in the telco, Vodafone Idea on Tuesday said that it is up to the Centre to decide what it wishes to do about its holding, and that the company has had no communication from them on the matter.****



DEL70 BIZ-LD RUPEE

**** Rupee settles flat at 83.97 against US dollar

Mumbai: The rupee witnessed range-bound trading and settled for the day on a flat note at 83.97 against the US dollar on Tuesday, as weak domestic markets and a surge in crude oil prices weighed on investor sentiments.****



DEL36 BIZ-LD STOCKS

**** Sensex tumbles nearly 700 points amid broad-based selloff; slips below 79k

Mumbai: Equity benchmark BSE Sensex tumbled nearly 700 points to sink below the 79,000 level on Tuesday, extending its losses for the second straight day due to selling pressure in HDFC Bank, SBI and ITC amid fresh foreign capital outflows. ****


DEL38 BIZ-GOLD-PRICE

**** Gold jumps Rs 500 to Rs 72,850 per 10 g; silver remains flat

New Delhi: Gold prices jumped Rs 500 to Rs 72,850 per 10 grams in the national capital on Tuesday amid strong cues from the global market and a rise in domestic demand. ****


DCM7 BIZ-STOCKS-ADANI

**** Majority of Adani group firms rebound; shares of Adani Energy jumps 6 pc, Adani Total surges 4 pc

New Delhi: Shares of nine of the ten Adani group firms bounced back in early trade on Tuesday, a day after the stocks witnessed a sharp decline on the bourses. ****



DCM96 BIZ-FMCG-BANGLADESH

**** Indian FMCG companies resume operations in violence-hit Bangladesh

New Delhi: Indian FMCG companies with operations in violence-hit Bangladesh say their business in the neighbouring country is slowly returning to normalcy after being shut for about a week.****



DCM18 BIZ-DEPOSIT INSURERS-FRAMEWORK

**** Put in place frameworks to manage failure of deposit taking institutions: Patra to deposit insurers

Jaipur: RBI Deputy Governor Michael Patra on Tuesday asked deposit insurers and other financial safety net participants to put in place frameworks to manage the failure of deposit taking institutions and prevent potential contagion effects. ****


DCM22 BIZ-GST-FAKE REGISTRATIONS

**** Second all-India drive against fake GST registrations to begin on Aug 16

New Delhi: Tax officers will launch a two-month long special drive against fake GST registrations on August 16, the Central Board of Indirect Taxes and Customs (CBIC) has said. ****


DEL9 BIZ-GST-MEET

**** GST Council to meet on Sept 9, to start discussion on rate rationalisation

New Delhi: The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will meet on September 9. ****


DCM58 BIZ-GOYAL-MARUTI

**** Maruti Suzuki's export of Made in India SUV to Japan boosts Brand India global image: Goyal

New Delhi: Commerce and Industry Minister Piyush Goyal on Tuesday said the commencement of Maruti Suzuki India's export of its sports utility vehicle Fronx to Japan has further strengthened the 'Brand India' image on the global stage. ****


DCM86 BIZ-STOCKS-WEALTH

**** Investors' wealth declines Rs 4.52 lakh cr as markets plunge

New Delhi: Equity investors became poorer by Rs 4.52 lakh crore Tuesday as markets plunged due to intense selling in HDFC Bank amid fresh foreign fund outflows.