Morning Business News Round Up_Aug 5, 2019

Morning Business News:

  • Saudi Arabia cuts September crude oil prices to Asia
  • Iran seizes another foreign oil tanker in the Gulf
  • Green certificate sales down 61% to 6.29 lakh in July
  • Slowdown woes revealed in India Inc’s changing tone

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  • CDPQ, Sekura Roads in the race for GR Infra’s projects
  • Deloitte quits as auditor of crisis-hit DHFL
  • Embassy may call off stake-purchase deal with Indiabulls Real Estate
  • Client-specific risks a trip factor for IT companies says, analyst
  • CCI dismisses abuse of dominance charge against ONGC
  • The US accuses China of ‘predatory economics’, destabilizing Indo-Pacific
  • DLF transfers Noida mall, land to JV firm; reduces dues to Rs 5,500 cr
  • ₹25,000-cr tenders canceled or modified to promote ‘Make in India’ products
  • Slowdown cyclical, growth will pick up in next few years: Bimal Jalan
  • India needs to grow at 9 percent to achieve PM’s target of $5-trillion economy: EY
  • Sun Pharma shuts two clinical pharmacology units in Vadodara
  • With NBFCs struggling, India’s auto sector gets stung badly
  • Financial surplus of Indian households falling since 2017-18
  • Reliance Industries to acquire a stake in Shopsense Retail for ₹295 crore
  • Sterlite Power in talks to sell stake valued at₹3,000 crore
  • VC firms may garner over $4 billion from exits this year
  • Everstone Capital puts up to ₹700 cr Burger King India IPO on its menu
  • Nirmala Sitharaman to meet stakeholders for actions proposed by U.K. Sinha Committee to boost MSMEs
  • Liquidity crunch among shadow banks turned the single biggest factor in auto sales collapse
  • Lenders extend Jet Airways sale deadline by a week to August 10
  • Govt relaxes norms for re-insurers to set up shops at IFSC
  • RBI imposes fine on PNB for the delay in reporting fraud in Kingfisher Airlines account
  • RBI bans NBFCs from charging loan foreclosure penalties
  • Forex reserves fall by USD 727 million to USD 429.6 billion
  • Maruti Suzuki cuts temporary jobs as sales plunge
  • Natural rubber prices to remain under pressure