India Business News: Rupee, Stocks, Gold & More - Nov 6

New Delhi, Nov 6 (PTI) Following are the top business stories at 2130 hours:


DEL42 BIZ-FITCH-INDIA

Fitch raises India's medium-term growth estimate, cuts China's

New Delhi: Fitch Ratings has raised India's medium-term potential growth estimate by 70 basis points to 6.2 per cent on the back of an improvement in the employment rate and a modest increase in the working-age population forecast.



DEL49 BIZ-LD-STOCKS

Sensex, Nifty jump nearly 1 pc on gain in IT, banking shares; rally for 3rd day on the trot

Mumbai: Benchmark Sensex and Nifty rallied for a third straight session on Monday, closing higher by nearly 1 per cent on gains in IT, private banks and capital goods shares amid favourable trends in global markets.



DCM68 BIZ-G20-NIRMALA

G20 Presidency gives clear direction to address needs of majority global population: FM

New Delhi: Finance Minister Nirmala Sitharaman on Monday said India's G20 Presidency has provided a clear policy direction for addressing the needs of the majority of the global population whose voices are often unheard in multilateral forums.



DEL82 BIZ-LD RUPEE

Rupee settles 1 paisa lower at 83.21 against US dollar

Mumbai: The rupee settled for the day 1 paisa lower at 83.21 against the US dollar as the support from positive domestic equities was negated by rising crude oil prices.


DEL48 BIZ-BHARAT ATTA

Govt formally launches 'Bharat Atta' at subsidised rate of Rs 27.50/kg to give relief to consumers

New Delhi: Ahead of Diwali festival, the Centre on Monday formally launched the sale of wheat flour at a subsidised rate of Rs 27.50 per kg under the brand name 'Bharat Atta' across the country to provide relief to consumers from high prices.


DCM77 BIZ-STOCKS-WEALTH

Market investors become richer by Rs 7.95 lakh crore as stocks rally for 3rd day

New Delhi: Investors' wealth climbed Rs 7.95 lakh crore in three days of market rally amid positive trends in global markets.


DEL85 AVI-INDIGO-LD FLIGHTS

IndiGo to start flights to Bali, Medina this fiscal: Pieter Elbers

Gurugram: IndiGo plans to start flights to Bali and Medina in the current fiscal as the airline continues to expand its network, its chief Pieter Elbers said on Monday.



DEL56 BIZ-JAIPRAKASH ASSOCIATES-DEFAULTS

Jaiprakash Associates defaults on Rs 4,258 crore loans

New Delhi: Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates on Monday said it has defaulted on loans worth Rs 4,258 crore, including principal and interest amount.


DCM4 BIZ-FADA-AUTO SALES

Automobile retail sales dip 7.73 pc in Oct: FADA

New Delhi: Retail sales of automobiles in the domestic market saw a 7.73 per cent year-on-year decline in October this year at 21,17,596 units, mainly due to dip in two-wheeler uptake with the inauspicious period of Shraddh affecting new purchases, the Federation of Automobile Dealers Associations (FADA) said on Monday.


DEL40 BIZ-GOLD-PRICE

Gold falls Rs 50; silver remains flat

New Delhi: Gold prices declined Rs 50 to Rs 61,750 per 10 grams in the national capital on Monday amid weak global cues, according to HDFC Securities.