Morning Business News Round Up_Aug 30, 2019

Morning Business News:

  • NBFC funding to commercial sector plunges 20%: RBI
  • Govt to announce two big steps to boost industry
  • Bank fraud touches Rs 71,543 crore in 2018-19: RBI
  • Stimulus package “too little, too late”: Fitch
  • Wipro expands its partnership with Google Cloud
  • Client securities: Sebi extends the deadline by a month to implement new provisions
  • Banks contain gross NPAs at 9.1% in FY19: RBI
  • Currency in circulation increases 17% in FY19 to Rs 21.1 trillion: RBI
  • Coal India gets jittery over 100% FDI, commercial mining in sector
  • ONGC plans to borrow $2 billion through overseas debt program
  • Foreign players to get the nod for offshore G-secs: RBI annual report

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  • Tiger Global, WestBridge Capital leads $42 million funding round in Vedantu
  • ADB willing to lend over $12 billion to India over the next three years
  • Ambani: India will be a leader in adopting technologies of 4th industrial revolution
  • Essel to sell solar power assets to Adani Green Energy for ₹1,300 cr
  • Despite mild inflation, crops expected to get better prices
  • JM Financial’s PE arm invests ₹45 cr in Mumbai-based Innovcare Lifesciences
  • Mutual funds continue to cut exposure to the debt of NBFCs
  • MG Motor ties up with Delta Electronics for setting up charging stations
  • RBI’s FY19 profit rises over three-fold at Rs1.76 trillion
  • Adani Green to pick up 205MW of solar assets from Essel for ₹1300 crore
  • Reliance Jio market share may jump to 45%: India Ratings
  • RBI to soon issue new salary norms for private, foreign bank heads
  • Tata Projects executes 41.42-km transmission line in Thailand
  • RBI plays down deepening slowdown as just ‘cyclical downswing’
  • Microfinance industry grew by 42.9 percent in Q1 of FY20
  • Sensex tanks 383 points on F&O expiry; Nifty ends below 11,000
  • Gold crosses record Rs 40,000-mark as recession fears seep in
  • Auto sales to decline sharply across segments this fiscal
  • Retail FDI norms to increase exports