Morning Business News Round Up_July 10, 2019

Morning Business News:

  • IndiGo founders’ feud: Gangwal flags serious governance lapses
  • Nifty50 holds 100-DMA; may attempt a pullback
  • Titan plunges 12%; 271 stocks hit 52-week lows
  • Oyo founder in talks to buy back $1.5 billion shares

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  • Reliance Industries races past TCS to become most valued firm by m-cap
  • Retail inflation likely hit 8-mnth high in June, but below 4%: Reuters poll
  • Govt likely to give up direct controlling stakes in ONGC, IOC, NTPC, GAIL
  • TCS Q1 net up 10.8% on strong growth in digital, BFSI businesses
  • TVS Shriram Growth Fund-3 gets ₹1,100-crore corpus
  • Gold plunges Rs 600 to Rs 34,870 on weak global cues, muted demand
  • TVS Capital hits second close of ₹1,100 crore for third PE fund
  • Temasek’s portfolio value falls as divestments grow
  • ₹2.3 tn wiped off BSE Sensex over past 3 sessions as tax clarity elude market Financial Express
  • Bajaj Finance shares surge over 6% as assets, customers rise, belying NBFC sector troubles
  • Rupee gains 15 paise to 68.51 against dollar