Following are the business news highlights till 2100 hrs today:

Following are the business news highlights till 2100 hrs today:

DEL42 BIZ-LD STOCKS

Mumbai: Indian equities after trading range-bound for a better part of today's session finally ended higher, with banking shares leading the way after the RBI allowed lenders to spread provisions for bond losses over the next four quarters.

DCM92 BIZ-2NDLD DOMINOS-PROFITEERING

New Delhi: Jubilant FoodWorks has been slapped a notice under GST anti-profiteering rules for allegedly not passing on the benefit of tax rate cut to consumers of Domino's Pizza across its outlets, according to sources.

DEL46 BIZ-ICICI-KOCHHAR-PRESIDENT

New Delhi: Facing allegations of wrongdoing in the loan extended to Videocon Group, ICICI Bank MD and CEO Chanda Kochhar has pulled out of the annual session of FICCI Ladies Organisation (FLO) to be held this week, where she was to be felicitated by President Ram Nath Kovind, according to the organiser.

 

DEL47 AVI-AIRINDIA-SALARIES

Vadodara: Disinvestment-bound Air India has delayed the payment of salaries for the month of March and is yet to intimate the employees about reasons for the delay, sources said.

DCM95 BIZ-ICICIBANK-AVISTA

New Delhi: ICICI Bank borrowers, including Jaiprakash Associates and Jaiprakash Power, had hired services of a firm run by the bank's CEO Chanda Kochhar's brother-in-law, company officials today said amid concerns over propriety and conflict of interest with regard to Videocon loan matter.

DEL55 BIZ-RUPEE CLOSE

Mumbai: The rupee made a strong recovery against the buoyant US currency to close at 65.01, surging by 17 paise on fresh bouts of dollar selling, seemingly unfazed by escalating trade tensions between the US and China.

DCM85 BIZ-LD DGS-COMMERCE

New Delhi: The Directorate General of Safeguards (DGS) will soon be shifted to the commerce ministry as part of government's plan to create a single authority for imposing trade remedies to protect domestic industry, an official said today.

DEL14 BIZ-BULLION-CLOSE

New Delhi: Gold rose by Rs 150 to Rs 31,610 per 10 gram at the bullion market today in step with a firm global trend and increased buying by local jewellers.

DCM64 BIZ-STOCKS-LD BANK

New Delhi: Bank stocks today settled with gains of up to 3 per cent after the Reserve Bank of India (RBI) allowed lenders to spread provisions for bond losses in the third and fourth quarters of the financial year 2017-18 over the next four quarters.

DCM8 BIZ-PMI-MANUFACTURING

New Delhi: India's manufacturing sector activity fell to a five-month low in March, as new business orders rose at a slower pace, and firms showed little appetite for recruitment, says a monthly survey.