Morning Business News Round Up_Aug 1, 2019

Morning Business News:

  • Eight core sectors’ output rises 0.2 percent YoY: GovtImage result for US Fed
  • 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