Morning Business News Round Up_Aug 8, 2019

Morning Business News:

  • Sebi enhances disclosure norms on encumbered shares
  • World economy stares at recession amid trade war fears
  • Auto industry seeks stimulus package from the government
  • Tata Steel Q1 profit plunges 65% to Rs 683 crore
  • Maruti cuts production by 25 percent in July
  • RBI moves unlikely to ease the pain for NBFCs
  • Reliance Industries set to bring Tiffany stores to India
  • RBI cuts repo rate by 35 bps to 5.40%, reduces FY20 growth forecast to 6.9%
  • NBFCs to receive more liquidity support as RBI raises exposure limit
  • Sebi directs commodity exchanges to constitute product advisory panel
  • Cipla increases stake in consumer health biz to 100%, looks for tie-ups
  • Profit margins of sugar mills likely to rise by 5-6% in one year
  • Aurobindo Q1 profit up 39.5% at Rs 636 crore on strong revenue growth
  • Adani Gas standalone net up 44%
  • Siemens net up 21% at Rs 250 cr in June quarter
  • HPCL net tumbles on sharp fall in gross refining margin
  • Ramco Cements’ Q1 net zooms to Rs 192 crore

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  • Auto industry to FM: Bring down GST, raise depreciation rate
  • Balaji Infra submits an offer to settle dues of Dighi Port lenders
  • The US slaps duties on $4.4 billion of China cabinet imports
  • RBI’s ‘unconventional’ rate cut to support growth, say experts
  • World economy edges closer to recession as trade woes spread
  • RBI cuts risk weight on consumer credit to 100%
  • Sterlite Power sees $35 billion energy storage opportunity
  • Essar case: New amendments in IBC come under SC scanner
  • Real estate industry expects banks to pass on rate cut benefits
  • HCL Tech Q1 net profit falls 8.2% to Rs 2,230 crore
  • China wants to double down on gold reserves as trade war runs hot
  • RBI lowers GDP growth forecast to 6.9% for FY20 on demand, investment slowdown
  • SAT upholds Rs 2 crore fine on NDTV for disclosure lapses
  • Sensex slumps 286 points as RBI cuts growth forecast; rate-sensitive stocks tank
  • Rupee skids for 5th day; drops 8 paise to 70.89 vs USD
  • SBI lowers lending rates by 15 bps from August 10
  • RBI to allow round-the-clock fund transfers under NEFT from December