NEWS-HIGHLIGHTS-BUSINESS

New Delhi, Aug 30 () Following are the top business
New Delhi, Aug 30 () Following are the top business stories at 1800 hours today:
DEL22 BIZ-CAB-GST-LD CARS
New Delhi: Mid and large sized cars, luxury vehicles, hybrids as well as SUVs are likely to cost more as the Cabinet today cleared the issuing of Ordinance to raise the GST cess on them to a maximum of 25 per cent, from 15 per cent at present.
DEL33 BIZ-RBI-NOTEBAN
Mumbai: All but 1.4 per cent of the old Rs 1,000 notes have come back into the banking system post demonetisation, the Reserve Bank said today.
DEL21 BIZ-LD STOCKS
Mumbai: A blockbuster start to GST brought back stock market optimism today as the Sensex surged 258 points and the Nifty closed above 9,800 on improved risk appetite after US President Donald Trump's measured approach to the Korean flare-up.
DEL13 BIZ-BULLION CLOSE
New Delhi: A day after rallying sharply, gold prices tumbled Rs 350 to Rs 30,100 per 10 grams at the bullion market today on weak global cues and fall in demand from local jewellers.
DCM26 BIZ-MCDONALDS
New Delhi: Fast food chain McDonald's today informed the NCLAT that settlement of dispute with Vikram Bakshi, its joint venture partner for north and east India, is not possible.
DCM25 BIZ-TRAI-NEUTRALITY
New Delhi: Telecom regulator Trai today said it is expected to issue recommendations on the controversial issue of net neutrality in about a month.
DCM55 BIZ-PETROL-TAXES
New Delhi: Oil Minister Dharmendra Pradhan today ruled out cutting taxes on petrol and diesel to cushion the impact of rising international oil prices that has led to petrol rates increasing by over Rs 6 per litre since the beginning of July.
DCM47 BIZ-JAITLEY-AIRINDIA
New Delhi: Finance Minister Arun Jaitley today indicated that an expeditious decision would be taken on Air India disinvestment, with at least two parties having formally expressed interest in buying stake in the national carrier.
DCM20 BIZ-GST-CESS
New Delhi: The Cabinet today cleared promulgation of an Ordinance to increase the cess on mid-size, large cars and SUVs from current 15 per cent under the new GST regime.
DCM2 BIZ-UBER-CEO
New Delhi: Uber has named Expedia chief Dara Khosrowshahi as its new CEO, handing over the reins to him to turn around things for the troubled US-based cab aggregator.
DCM44 BIZ-WIPRO-BUYBACK
New Delhi: India's third-largest software services firm Wipro today said its shareholders have approved the company's Rs 11,000-crore buyback proposal.
DCM48 BIZ-GST CARS-REACTION
New Delhi: Automobile firms, including Mercedes-Benz, Audi and JLR, today said the proposed hike in cess on luxury cars and SUVs will adversely impact growth momentum of the segment. SRK