BUSINESS HIGHLIGHTS

New Delhi, Sep 7 (PTI) Following are the top business stories at 2200 hrs: DEL51 AVI-2NDLD AIR INDIA **** Chandra says Air India must regain passenger trust; new CEO vows to ‘Make Air India Great Again’ New Delhi: Air India needs to rebuild passenger trust and tighten its finances as it enters a crucial new phase, Tata Sons Chairman N. Chandrasekaran said Monday, as incoming CEO Tewolde Gebremariam urged employees to help restore the airline’s fortunes and declared: “We will Make Air India Great Again.” **** DEL57 BIZ-LD JLR-JOB CUTS **** JLR to cut around 4,000 jobs globally over next two years; targets £1.7 billion in savings New Delhi: Tata Group’s British luxury carmaker Jaguar Land Rover on Monday said it will reduce its global workforce

by around 4,000 roles over the next two years. **** DCM3 BIZ-FADA-AUTO SALES **** Auto retail sales hit record 24.23 lakh units in Aug; alternative-fuel PVs overtake petrol: FADA New Delhi: Automobile retail sales in India grew 17.51 per cent to a record 24,23,201 units in August, riding on continued momentum of GST 2.0 despite a seasonal monsoon lull and the delayed onset of the festive calendar, FADA said on Monday. **** DCM35 BIZ-RBI-LD-VRRR **** Surplus liquidity: RBI mops up Rs 6 lakh cr in 2 auctions with mixed response Mumbai: The Reserve Bank of India on Monday mopped up over Rs 6 lakh crore of excess funds from the banking system in two auctions, which saw an underwhelming response from banks despite surplus liquidity. **** DEL54 BIZ-LD-STOCKS **** Sensex drops 382 pts amid elevated crude prices, US interest-rate hike fears Mumbai: Benchmark stock index Sensex dropped by 382 points on Monday due to selling in metal, IT and oil and gas shares amid rising crude prices, escalation in US-Iran hostilities and fears of a US rate hike. **** DEL79 BIZ-LD RUPEE **** Rupee falls 13 paise to close at 94.56 against US dollar Mumbai: The rupee fell 13 paise to close at 94.56 against the American currency on Monday as surging crude oil prices and global headwinds offset the support from strong foreign currency deposit inflows. **** DCM34 BIZ-INDUSIND-BROKERAGE **** IndusInd Bank to operationalise broking arm soon: MD Rajiv Anand New Delhi: IndusInd Bank is in the process of operationalising its broking arm soon as part of its strategy to expand its product bouquet and enhance fee-based income. **** DCM67 BIZ-SEBI-FPI **** Sebi waives investor group disclosure rules for FPIs investing solely in govt securities New Delhi: With an aim to provide greater ease of investment to foreign investors, market regulator Sebi on Monday said Foreign Portfolio Investors (FPIs) investing exclusively in Indian government securities no longer need to furnish investor group details. **** DEL63 BIZ-BULLION-PRICE **** Gold falls Rs 650 per 10 gm in Delhi amid weak global cues New Delhi: Gold prices began the week on a muted note, falling Rs 650 to Rs 1,60,250 per 10 grams in the national capital on Monday as a bearish global trend weighed on domestic sentiment. **** PTI HG HG MR MR