Following are the top business stories at 2115 hours: DEL72 BIZ-RBI-AMAZON PAY RBI imposes Rs 3.06 crore penalty on Amazon Pay (India) for violation of norms Mumbai: The Reserve Bank of India on Friday said it has imposed a penalty of over Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction.
DEL76 BIZ-AP-SUMMIT-LD RELIANCE Reliance to set up 10 GW solar plant, invest Rs 40,000 crore for 5G rollout in AP: Mukesh Ambani Visakhapatnam: Billionaire Mukesh Ambani on Friday announced plans for setting up a 10 gigawatt solar plant in Andhra Pradesh as his oil-to-telecom conglomerate bets big on renewable sources which can be converted into carbon-free green hydrogen.
DEL74 BIZ-LD STOCKS Sensex rallies nearly 900 points; Nifty jumps over 272 points on firm global trends Mumbai: The Sensex jumped nearly 900 points and the Nifty rallied over 272 points on Friday, bouncing back from the previous day’s fall, following a positive trend in global equities and fresh foreign fund inflows.
DEL96 BIZ-LD RUPEE Rupee gains 63 paise to close at 81.97 against US dollar New Delhi: The rupee appreciated by 63 paise to close at a one-month high of 81.97 against the US dollar on Friday, as fresh foreign fund inflows and positive domestic equities supported investor sentiments.
DEL73 BIZ-FOREX RESERVES Forex kitty falls USD 325 million to USD 560.94 billion Mumbai: India’s foreign exchange reserves dropped USD 325 million to USD 560.942 billion as of February 24, making it the fourth consecutive week of decline in the kitty, the Reserve Bank of India said on Friday DEL18 BIZ-PMI-SERVICES India’s services sector activity hits 12-year high in Feb: PMI New Delhi: The Indian services sector expanded at the strongest rate in 12 years in February supported by favourable demand conditions and new business gains, a monthly survey said on Friday.
DEL62 BIZ-GOLD-PRICE Gold jumps Rs 160; silver climbs Rs 220 New Delhi: Gold price jumped Rs 160 to Rs 55,940 per 10 grams in the national capital on Friday amid a rise in rates of the precious metal in overseas markets, according to HDFC Securities.
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