Morning Business News:
- Eight core sectors’ output rises 0.2 percent YoY: Govt
- US Fed lowers interest rates for the first time since 2008, signals more cuts
- HDFC lowers lending rates by 10 basis points
- Automakers cut production by 11% in Q1: Report
- Govt receipts only 14% of full-year target in 1st qtr
- Government raises subsidy for non-urea fertilizers
- Vedanta contributes 0.40% to India GDP, says the study
- Core sector growth at 50-month low in June; 4 out of 8 sectors contract
- Jewelry exporters may be covered under credit insurance benefit
- Fiscal deficit touches Rs 4.32 trillion in Q1, 61.4% of the budget estimate
- RBI allows domestic banks to sell NPAs abroad as a one-time settlement
- FPIs pull out over Rs 11,000 crore in July, highest in nine months
- In 3 months, the fiscal deficit exceeds 61% of the full-year target
- Govt, exporters discuss a strategy to increase exports to the US, China
- Tamilnadu Petroproducts profit rises 90% in Q1
- Ashok Leyland’s Q1 profit plunges 45% to ₹230 cr
- Blue Dart April-June quarter profit drops 73%
- ICRA’s rating cut stifles Yes Bank’s ability to raise fresh capital
- The government gives more time to direct tax code panel to finalize the report
- Cabinet approves the bill to regulate chit funds industry
- Eicher Motors Q1 net dips 22% to ₹452 crore
- Tata Global Beverages Q1 net profit rises 10% to ₹141.68 crore
- Cabinet approves the bill to prohibit all unregulated deposit schemes
- India’s exports need to contribute $1 trillion in an economy: Piyush Goyal
- US ‘working hard’ with India to help grow its economy: Mike Pompeo
- Trade war: China blames US’ flip-flop as talks end without breakthrough
- Cafe Coffee Day term loans put on watch by Icra
- Rupee settles 6 paise higher against dollar ahead of Fed meet outcome
- IOC net drops 47 percent on lower refinery margins
- Allahabad Bank okays raising Rs 2,000 cr equity capital via QIP
- India 10-yr bond yield drops as FPIs shift from equities to debt