India Business News: Stock Market Surge, Gold Record High - Dec 4

New Delhi, Dec 4 (PTI) Following are the top business stories at 2050 hours:


DEL48 BIZ-LD-STOCKS

Stock markets surge over 2 pc to hit lifetime highs after state poll results; investors richer by Rs 5.81 lakh cr

Mumbai: Benchmark stock indices Sensex and Nifty soared more than 2 per cent to settle at record high levels on Monday, marking the fifth straight day of gains as the BJP's victory in assembly polls in three states boosted investor sentiment.



DEL68 BIZ-ACCIDENT-CASHLESS-TREATMENT

Centre plans to introduce cashless treatment of accident victims across India: Official

New Delhi: The Ministry of Road Transport and Highways (MoRTH) plans to roll out the facility of cashless medical treatment of road accident victims across the country in three to four months, a top government official said on Monday.


DEL47 BIZ-GOLD-PRICE

Gold surges Rs 450 to hit record high of Rs 64,300 per 10 gm

New Delhi: Gold prices on Monday increased Rs 450 to hit a fresh record high of Rs 64,300 per 10 grams in the national capital amid strong global trends, according to HDFC Securities.


DEL73 BIZ-LD-RUPEE

Rupee falls 5 paise to close at 83.38 against US dollar

Mumbai: The rupee pared its initial gains and settled lower by 5 paise at 83.38 against the US dollar on Monday amid a recovery in the greenback in overseas markets and dollar buying by lenders.



DCM59 BIZ-APPLE-BATTERY

Apple battery vendor TDK to set up plant in Haryana, seeks environmental clearance

New Delhi: iPhone maker Apple's vendor TDK will set up its lithium-ion battery plant in Haryana, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Monday.


DCM57 BIZ-SAT-AMBANI

RPL case: SAT quashes Sebi's order against Mukesh Ambani, 2 others
New Delhi, Dec 4 (PTI) The Securities Appellate Tribunal (SAT) on Monday set aside the penalty imposed by Sebi on Reliance Industries Ltd's Chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007.


DEL66 BIZ-NCLT-SPICEJET

NCLT rejects insolvency plea against SpiceJet by aircraft lessor Willis Lease

New Delhi: In a relief to low-cost carrier SpiceJet, the National Company Law Tribunal (NCLT) on Monday dismissed an insolvency petition by aircraft lessor Willis Lease Finance Corporation which is claiming dues.


DEL50 BIZ-INVESTOR LD WEALTH

BSE-listed firms' market valuation touches record high of Rs 343.48 lakh crore

New Delhi: The combined market capitalisation of BSE-listed companies hit an all-time high of Rs 343.48 lakh crore on Monday, amid a rally in equities after the BJP registered victory in assembly polls in three Hindi heartland states.