Business highlights

New Delhi, Dec 27 () Following are the top business stories at 1825 hours:

DCM3 BIZ-YEAR-INFLATION Inflation leaves consumers teary-eyed as pricey onions, food items bite New Delhi: Onion literally brought tears to the eyes of consumers as retail prices touched Rs 200 per kilogram and tomato too turned pricier in the last quarter of 2019, leaving many scurrying for changes in dietary ways as costly food items pushed retail inflation to a more than three-year high.

DEL26 BIZ-ONION Onion at eye-watering Rs 150/kg; imports underway New Delhi: Retail onion prices on Friday remained higher at up to Rs 150 per kg even as the imported supplies have started arriving to boost the domestic availability and check prices.

DEL43 BIZ-LD RUPEE Rupee at fresh 3-week low against dollar on rising crude oil prices Mumbai: The rupee depreciated by 4 paise to close at a fresh three-week low of 71.35 against the US dollar on Friday, continuing its losing streak for the sixth day in a row amid crude oil prices hitting three-month high levels.

DCM20 BIZ-FM-BANKS Sitharaman to meet heads of PSBs to discuss credit situation, economy on Saturday New Delhi: Finance Minister Nirmala Sitharaman on Saturday will hold a meeting with heads of public sector banks to discuss various issues including the recently announced government measures to prop up the economy, sources said.

DEL36 BIZ-LD STOCKS Sensex regains footing, rallies 411 pts as bank stocks spurt Mumbai: Markets snapped their three-day downward spiral to finish with smart gains on Friday as banking, finance and energy stocks saw robust buying amid supportive global cues.

DCM2 BIZ-YEAR AUTO Auto industry drives into 2020 with hope after a forgettable 2019 New Delhi: Battered by an unprecedented slowdown, the Indian auto industry is desperately pinning hopes on the next financial year for a turnaround, banking on a host of new and upgraded models slated to make their way to the market.

DCM12 BIZ-VISTARA-DATA SERVICES Vistara partners with Nelco for inflight data services; likely to launch shortly: Telecom Secy New Delhi: Vistara has partnered with Tata group company Nelco for inflight data services, which are expected to be rolled by the full service carrier shortly, according to a senior government official.

DCM15 BIZ-EDIBLEOILS SEA urges govt to not cut import duty on crude palm oil New Delhi: Edible oil industry body SEA on Friday urged the government to not reduce the import duty on crude palm oil (CPO) to 30 per cent from the existing 40 per cent as it will affect domestic oilseed growers.

DCM11 BIZ-CITIZENSHIP-TECHIES Indian techies pen open letter against Citizenship Amendment Act New Delhi: A grouping of Indian and Indian-origin professionals working with tech giants like Google, Uber, Amazon and Facebook have written an open letter against the new religion-based citizenship law and the planned national register of citizens, terming them as "fascist".

DCM13 BIZ-UNEMPLOYMENT-SURVEY Unemployment top worry for urban Indians; majority thinks nation on right path, says survey New Delhi: Nearly half of the urban Indians are most worried about unemployment while 69 per cent of them think that the country is headed in the right direction, according to a survey.

DCM17 BIZ-PMC-BANK PMC Bank crisis: Administrator to seek valuation of HDIL's aircraft, yacht Mumbai: The RBI-appointed administrator of scam-hit Punjab and Maharashtra Co-operative Bank has floated a request for proposal to appoint a consultant for valuation of two aircraft and a yacht owned by HDIL group firms.

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