BUSINESS HIGHLIGHTS

New Delhi, Oct 26 (PTI) Following are the top business stories at 2110 hrs:

FGN55 BIZ-GOYAL-LD ALL EU REGULATIONS

**** Goyal flags EU regulatory burden; Dutch minister says carbon tax necessary

Hague: Commerce and Industry Minister Piyush Goyal on Monday flagged concerns over Europe’s increasing regulatory burden on businesses, while Dutch Trade Minister Sjoerd Sjoerdsma said the European Union’s Carbon Border Adjustment Mechanism (CBAM) was a necessary measure. ****

FGN54 BIZ-GOYAL-LD US TRADE PACT

**** India, US fine-tuning trade agreement; most discussions over: Goyal

Hague: India and the US have concluded most of the discussions for a proposed bilateral trade pact, and they are now fine-tuning the agreement, Commerce and Industry Minister Piyush

Goyal said on Monday. ****

DEL78 BIZ-LD FLEX FUEL VEHICLES-E100

**** Govt amends motor vehicle rules to permit pure ethanol flex-fuel vehicles

New Delhi: The Road Transport Ministry on Monday notified changes to the Central Motor Vehicles Rules 1989, allowing flex-fuel vehicles that can run on up to E100 (nearly pure ethanol). ****

DEL88 BIZ-LD RUPEE

**** Rupee falls 22 paise to close at 95.15 against US dollar

Mumbai: The rupee depreciated for the third straight day and settled 22 paise lower at 95.15 against the US dollar on Monday, weighed down by elevated crude oil prices and geopolitical tensions in the Middle East. ****

DCM82 BIZ-RESULTS-REC

**** REC net profit dips 21 pc to 3,477 cr in Q2

New Delhi: State-owned REC Ltd on Monday reported a 21 per cent decline in its consolidated net profit to Rs 3,477.73 crore for the September quarter, mainly due to subdued total revenues from operations. ****

DCM69 BIZ-RESULTS-BOM

**** Bank of Maharashtra Q2 profit surges 41% to Rs 2,310 cr on improved core

income

New Delhi: Bank of Maharashtra on Monday reported a 41 per cent growth in net profit at Rs 2,310 crore for the second quarter of the current fiscal driven by improvement in core income and decline in bad loans. ****

DCM107 BIZ-LD RESULTS-IOB

**** IOB net profit up 56 pc at Rs 1,962.67 cr in September quarter, bank plans to launch QIP in Q4

Mumbai: State-owned lender Indian Overseas Bank on Monday reported a 55.9 per cent jump in consolidated net profit to Rs 1,962.67 crore for the September quarter, driven by core income growth and improved asset quality. ****

DEL58 BIZ-LD-STOCKS

**** Stock markets rebound after 4-day slump; Sensex jumps 483 points

Mumbai: Snapping the four-day losing streak, benchmark stock index Sensex jumped 483 points and Nifty closed above 22,750 on Monday on value buying and a rally in metal, telecommunication and healthcare shares. ****

DCM111 BIZ-CCPA-LD SHANGRI-LA EROS

**** CCPA fines Shangri-La Eros restaurant ‘Mister Chai’ Rs 1 lakh for levying service charge by default

New Delhi, Oct 26 (PTI) The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 1 lakh on Shangri-La Eros New Delhi’s restaurant ‘Mister Chai’ for forcibly levying a 10 per cent service charge on food bills. ****

DEL65 BIZ-BULLION-PRICE

**** Gold rises Rs 200 per 10 gm on mild recovery in global prices

New Delhi: Gold prices rose Rs 200 to Rs 1,46,300 per 10 grams in the national capital on Monday, supported by a weaker rupee and a modest recovery in overseas markets. **** PTI HG HG BAL

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