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
- 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