Morning Business News Round Up_Aug 19, 2019

Morning Business News:

  • The US, China seeking to revive trade talks: Trump’s advisor
  • Brexit minister signs order to end EU laws in Britain
  • Credit demand subdued, the economy needs stimulus: SBI
  • Govt to clarify on FDI policy on digital media
  • Govt increases oil, gas bidding round to 3 times a yr
  • Scraps may help India’s carmakers beat the slump
  • BOI hoping to recover around Rs 2,500 crore: Official
  • More than 4 lakh unsold apartments in 9 cites, estimates brokerage firm
  • Govt plans debt waiver for small distressed borrowers under insolvency law
  • Moglix to set up industrial distribution centers in 25 major hubs of India
  • M&M lays off 1,500 temporary workers, seeks govt stimulus for industry

Image result for nbfcs

  • Maruti seeks GST benefit for hybrid, CNG cars to promote green mobility
  • Ministry keeps new CSR amendments on hold
  • Economic ties between India and China will continue to grow, finds CII survey
  • Coffee Day Enterprises debt at Rs 4,970 crore
  • Cipla shareholders approve raising up to Rs 3,000 crore
  • CBI raids Moser Baer office, directors’ premises
  • Kharif sowing improves on widespread rain
  • Traders body calls for the boycott of Chinese goods, seeks up to 500% import duty
  • ‘NBFCs will get recapitalized, banks will get more prudent with lending’
  • SBI extends the repayment period for stressed automobile dealers by 15-30 days
  • Confident of coming out of RBI’s PCA framework by March next year: UCO Bank CMD
  • Power gencos’ outstanding dues from discoms rise by 30% to ₹46k crore in June
  • SBI expects 12-14% credit growth this fiscal, says Chairman Rajnish Kumar
  • Tech Mahindra divests 73.38% stake in subsidiary to US-based Resolve Systems for $2 million
  • Government sets up committee to rationalize additional taxes on Air Turbine Fuel
  • India’s holding of US govt securities jumps to USD 162.7 bln
  • FPIs pull out Rs 8,319 cr in Aug amid persisting negative sentiment
  • NCLAT spikes banks’ plea against MBL resolution
  • Nine of top-10 firms lose Rs 84,354 cr in market valuation