Business highlights

DEL37 BIZ-LD INSOLVENCY Govt notifies rules under insolvency law for resolution of fin service providers New Delhi: The government on Friday notified rules under the insolvency law to deal with resolution of systemically important financial service providers, excluding banks.

DCM18 BIZ-LABOUR-GANGWAR-PAYDAY India mulls 'One Nation, One Pay Day: Gangwar New Delhi: To safeguard the interest of workers in formal sector, particularly working class, the Centre is planning to introduce 'One Nation, One Pay Day' system, Labour Minister Santosh Gangwar said on Friday.

DCM17 BIZ-NCLT-HALDIRAM-KWALITY Kwality insolvency: NCLT directs lenders to consider Haldiram Snacks' revised offer of Rs 145 cr New Delhi: The National Company Law Tribunal (NCLT) has directed the lenders of Kwality Ltd to reconsider the revised Rs 145-crore offer by Haldiram Snacks to acquire the debt-ridden dairy firm.

DEL43 BIZ-RUPEE-CLOSE Rupee extends gains for 2nd day, rises 18 paise to 71.78 vs USD Mumbai: The rupee appreciated by 18 paise to close at 71.78 against the American currency on Friday, extending gains for a second day on the back of easing crude oil prices and positive trends in equity markets.

DEL40 BIZ-LD STOCKS Markets eke out gains in range-bound trade; Bharti Airtel rallies 8 pc Mumbai: Market benchmark BSE Sensex closed with modest gains on Friday, led by a spurt in Bharti Airtel and SBI, amid encouraging global cues.

DCM27 BIZ-STOCKS-LD-TELECOM Loss-hit Voda-Idea, Airtel surge up to 27pc on floor price buzz New Delhi: Telecom stocks on Friday surged up to 27 per cent after reports suggested that the telecom department may fix a floor price for data and voice tariffs, notwithstanding huge losses reported by two leading players for the July-September quarter.

DCM23 BIZ-LD TRAI-FLOOR PRICE No reference from DoT on floor price issue yet: Trai chief New Delhi: The telecom department has not yet approached the regulator for its views on floor price for tariffs, Trai Chairman RS Sharma said on Friday.

DCM14 BIZ-CADILA-USFDA-WARNING USFDA finds significant violations of CGMP at Cadila's Moraiya plant New Delhi: The US health regulator has found significant violation of current good manufacturing practice (CGMP) regulations for finished pharmaceuticals at Cadila Healthcare's Moraiya (Ahmedabad) based manufacturing facility.