Morning Business News Round Up_Aug 28, 2019

Morning Business News:

  • China’s new pharma law may open the door for India: Report
  • Jio beats Airtel to be a top telecom revenue earner
  • Bank recapitalization unlikely to deliver much: S&P
  • Major relief to stressed realty sector on the anvil
  • Mutual funds are not there to provide risk capital: Sebi chief
  • HDFC Life will continue to beat industry growth: CMD
  • Rupee posts biggest single-day gain in 5 months
  • RBI’s fund transfer eases Centre’s gross tax revenue target to 16%
  • RBI’s bonanza to give govt ammunition to fight slowdown, boost capex
  • Govt to consider relaxing FDI norms in single-brand retail on Wednesday
  • Microfinance industry to cross Rs 1 trn loan portfolio in Q2 FY20: Report
  • Sebi asks MF trustees to be more proactive, not wait for the regulator to act

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  • India calls for uniform GAP standards in SAARC nations
  • Chemical industry seeks to restore tax incentive for R&D
  • Tata Metaliks plans to double ductile iron pipe production
  • Elgi Equipments’ US-subsidiary Pattons expands into LA
  • IndiGo looking for new formula to induct wide-body aircraft: CEO
  • PFC gets shareholders’ approval to raise ₹70,000 cr in a year
  • S&P places IDBI Bank on credit watch negative owing to capital breach
  • Antitrust watchdog CCI to assess media, broadcasting sector
  • CG Power to monetize non-core assets, raise fresh equity
  • Irdai sets up single point of contact for regulatory sandbox
  • DHFL seeks board’s approval to raise funds via share sale
  • FM Nirmala Sitharamana blasts critics of RBI transfer of surplus funds to govt
  • SBI says doesn’t need capital from government
  • Cabinet to soon consider India-Mauritius free trade agreement for approval
  • The government says FDI in the chemical industry very low; asks industry to introspect
  • With the aim to create 40,000 jobs, vivo to pump in Rs 7500 cr to ramp up mfg in India
  • Maruti Suzuki cuts 3,000 contract jobs
  • Infosys closes Rs 8,260 cr buyback offer, takes back 11.05 cr shares
  • Indian economy set for weakest quarter of growth in five years: report