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Morning Business News:
- US 30-year yields drop to a fresh record low below 2%
- RBI’s dollar purchases at four month-low in June
- Hong Kong unveils $2.4-bn economic support package
- WTO to rule on India sugar export subsidies
- ONGC investing Rs 83,000 cr in 25 project
- WTO quarterly trade growth indicator drops from May
- Reliance Industries may buy more cable companies to aid JioFiber plans
- Life insurers register 6% growth in new premium income in July: Irdai
- Reliance Capital Q1 profit sees a 4-fold jump to Rs 1,218 cr on higher income
- Removing angel tax notices will help start-ups in growth: Experts
- Oil falls 3% to below $58 a barrel as recession worries weigh on prices
- India’s seafood exports to EU to be hit after Vietnam-EU free trade pact
- SEZ Board puts off decision on GAIL’s exit from Kerala project; wants dues recovered
- Saudi Arabia back as India’s top oil supplier after Reliance deal
- Marico to complete the acquisition of Beardo by this fiscal-end
- Axis Bank ex-chief Dharmesh Mehta and investors buy IDFC Securities
- Air India puts more than 60 real estate assets under the hammer
- Key committees in IL&FS did not meet for years, reveals RBI probe
- Five investors bought nearly two-thirds of the QIP offering in Yes Bank
- COAI urges Trai to create consumer awareness on a new framework for pesky calls
- Protest-hit Hong Kong unveils $2.4-billion economic support package
- NCLAT upholds insolvency proceedings against Sahara Q Shop
- IFFCO cuts complex fertilizers rate by Rs 50 per bag; DAP to cost Rs 1,250/bag now
- IDBI Bank net loss widens to Rs 3,800 crore as provisions weigh
- Inflation slows as the economy falters
- Yield inversion coming to Asia as growth woes spread
- Tata Motors to shut Jamshedpur plant for the third time this month
- Passenger vehicle output down 13.18 pc in Apr-Jul as major cos cut production
Morning Business News:
- US delays tariffs on some Chinese goods drops others
- Govt working on a package to check economic slowdown
- Govt notifies partial credit guarantee scheme for PSBs
- Retail inflation remains benign at 3.15% in July
- MCA panel moots CSR expenditure as tax-deductible
- HPCL finally recognizes ONGC as its promoter
- RBI to review rules governing housing finance cos
- Govt issues guidelines for Rs 1 trillion partial guarantee scheme for NBFCs
- Consumption-driven growth behind ‘serious slowdown’, warns SBI MF
- Slide-in iron ore prices to hurt exports from India, further slump seen
- GAIL in two minds over govt’s plan to split gas pipeline business
- Coal India net profit rises 22.28% to Rs 4,629.87 cr in June quarter
- Apollo Hospitals profit jumps 69 percent to Rs 57 cr in Q1
- Cement makers’ body, SCCL hold talks on increasing coal offtake
- WTO likely to set up a panel to decide on India’s sugar sops
- RCAP in talks to sell 11 percent stake in mutual fund unit
- NMDC Q1 profit up 21% at₹1,179 crore
- IOCL to invest Rs 2 lakh-cr in next 5-7 years
- Invesco Oppenheimer reiterates commitment to Zee stake deal
- BSE to launch a liquidity enhancement plan in equity derivative segment
- ONGC Q1 net profit dips 3.9% on lower oil price, production
- Tata Capital Fin expects 20% growth despite the stress in NBFCs
- EPFO looking for early redemption of DHFL bonds worth ₹700 crore
- ADB signs pact to invest $23 million in NCD of GRIL
- India, Russia to boost ties to achieve $30 billion bilateral trade by 2025
- Banks report fall in NPA levels; seek steps to address stress in NBFCs: Survey
- Singapore slashes 2019 economic growth forecast stoking recession fears
- Rupee hits a 6-mth low of 71.40 against USD; dives 62 paise on global turmoil
- Amazon in advanced talks to buy 8-10 percent stake in Future Retail
- Sensex plummets 624 points on global sell-off; RIL soars 10 pc
- Govt-constituted panel suggests making CSR non-compliance civil offense
Morning Business News:
- Reliance, BP joint venture to invest in KG basin
- Etihad says not feasible to reinvest in Jet Airways
- Fullerton India Credit aims to raise $250-300 million via offshore loan
- Sun Pharma’s Q1 nos: One-off boost likely from US supplies
- IBM, Tata join US tech platform’s governing council
- New U.S. rule could disqualify half of the visa applicants
- Syndicate Bank expects Rs 4,000 cr from NPA recovery
- Saudi Aramco interest in Reliance Industries upstages PSU mega refinery
- Anil Agarwal pulls out of the race for acquiring grounded Jet Airways
- Reliance Jio ties up with Microsoft for digital transformation
- India’s steel output edges past world in H1 of CY2019 lags China
- Govt set to dilute 3.5-year-old air pollution norms for thermal plants
- CARE Rating revises the outlook on 11 solar firms to negative
- Coastal shippers demand more facilities at ports
- HIL posts lower Q1 profit of Rs 40 cr
- Visaka Industries profit slips to Rs 23 crore in Q1
- Cox & Kings unable to declare Q1 results
- Eros International Q1 net falls 55% to ₹27.05-cr
- CCI slaps Rs14 crore fine on Jaiprakash Associates
- Tech Mahindra to pay 490 crores for 65% stake in Mad*Pow
- CBS, Viacom in final stages of an all-stock merger
- Natco gets six USFDA observations for its Mekaguda plant
- Jaguar Land Rover sales increase 5% in July at 37,945 units
- Economic slowdown: Govt plans urgent steps to boost exports
- SME-focused Ugro Capital eyes over Rs 1,000 crore loan book
- China promises to address India’s concern over the ballooning trade deficit
- GSP roll-back: Exports of goods to the US grew 32% in June
- Gold imports up 35.5 percent during Apr-Jun
- Syndicate Bank expects Rs 4,000 cr from NPA recovery in FY20
- Reliance to be zero-net debt company in 18 months: Ambani
- Reliance Retail may get the global partner
Morning Business News:
- Govt likely to withdraw higher surcharge for FPIs
- NCLT clears consolidation of Videocon units’ insolvency
- The capital infusion helped PSBs cut losses: Ind-Ra
- Mahindra considers second US plant in Michigan
- First-quarter e-auction premiums for Coal India up 66%
- Reliance Capital joint auditors reject PWC allegations
- India Inc seeks Rs 1L cr stimulus to revive growth
- India to impose tariff barriers on imported solar and wind equipment
- Gem, jewelry exports fall 11.24% on the US, China trade war and poor demand
- Sebi asks mutual funds to shift all investments to listed securities
- Adani plans to invest Rs 10,000 crore in city gas distribution networks
- DHFL says it may not be able to fulfill its immediate debt payments
- Close to crossing $2,000 per capita income mark, India offers great opportunity’
- Tata Chemicals Q1 profit rises 19%
- IRB Infra, GIC to jointly bid for all future road projects’
- Suzlon offers to repay ₹8,500 cr to settle the stressed debt
- NBCC net down 39 percent in Q1
- Godrej Properties Q1 net profit jumps 162 percent, at Rs 89.87 cr
- UltraTech Cement Q1 net profit up 91.4% to₹1,208.03 crore
- Coffee Day Enterprise appoints EY to scrutinize accounts
- India’s domestic air passenger traffic up 7.9% in June: IATA
- Adani Enterprises Q1 profit surges 611% to₹570 crore
- Tata Capital offers NCDs with annual interest up to 8.85%
- Yes Bank launches ₹2,000 crore QIP
- OBC, IDBI Bank cut MCLR up to 15 basis points
- Ministry names 4 domestic auditors to restate IL&FS books
- No angel tax inquiry into startups recognized by DPIIT or not without approval, says CBDT
- China imports from the US fall 19% in July amid trade war
- Thermax to shut manufacturing facility, exit China
- NCLAT expresses displeasure over delay in IL&FS resolution
- Sensex rallies 637 points on tax relief buzz; Nifty reclaims 11,000-mark
- Emami Q1 profit up 48 percent to Rs 39 crore
- Taj Hotel chain to sell budget hotels
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
- 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
Morning Business News:
- Saudi Arabia cuts September crude oil prices to Asia
- Iran seizes another foreign oil tanker in the Gulf
- Green certificate sales down 61% to 6.29 lakh in July
- Slowdown woes revealed in India Inc’s changing tone
- CDPQ, Sekura Roads in the race for GR Infra’s projects
- Deloitte quits as auditor of crisis-hit DHFL
- Embassy may call off stake-purchase deal with Indiabulls Real Estate
- Client-specific risks a trip factor for IT companies says, analyst
- CCI dismisses abuse of dominance charge against ONGC
- The US accuses China of ‘predatory economics’, destabilizing Indo-Pacific
- DLF transfers Noida mall, land to JV firm; reduces dues to Rs 5,500 cr
- ₹25,000-cr tenders canceled or modified to promote ‘Make in India’ products
- Slowdown cyclical, growth will pick up in next few years: Bimal Jalan
- India needs to grow at 9 percent to achieve PM’s target of $5-trillion economy: EY
- Sun Pharma shuts two clinical pharmacology units in Vadodara
- With NBFCs struggling, India’s auto sector gets stung badly
- Financial surplus of Indian households falling since 2017-18
- Reliance Industries to acquire a stake in Shopsense Retail for ₹295 crore
- Sterlite Power in talks to sell stake valued at₹3,000 crore
- VC firms may garner over $4 billion from exits this year
- Everstone Capital puts up to ₹700 cr Burger King India IPO on its menu
- Nirmala Sitharaman to meet stakeholders for actions proposed by U.K. Sinha Committee to boost MSMEs
- Liquidity crunch among shadow banks turned the single biggest factor in auto sales collapse
- Lenders extend Jet Airways sale deadline by a week to August 10
- Govt relaxes norms for re-insurers to set up shops at IFSC
- RBI imposes fine on PNB for the delay in reporting fraud in Kingfisher Airlines account
- RBI bans NBFCs from charging loan foreclosure penalties
- Forex reserves fall by USD 727 million to USD 429.6 billion
- Maruti Suzuki cuts temporary jobs as sales plunge
- Natural rubber prices to remain under pressure
Morning Business News:
- GST Collection surpasses Rs one lakh crore in July
- PV volumes to come under further pressure in August
- Honda Cars sales dip 49% to 10,250 units in July
- Airtel reports Q1 loss of Rs 2,866 crore
- Economic woes not as bad as 1991: Ex-RBI dy guv
- Tata Motors cuts Tigor EV price by up to Rs 80,000
- L&T gets shareholders’ nod to raise Rs 4,000 crore via securities
- Auto sales in July fall for 9th consecutive month due to poor demand
- Govt to issue overseas sovereign bonds in tranches: FinMin official
- CRISIL revises down India’s GDP growth estimate to 6.9% for FY20
- India, world’s No. 2 coal buyer, plans to cut imports by a third in 5 years
- MFs’ Essel group exposure likely to fall by 30-50% after Zee stake sale
- Jeff Bezos sells Amazon shares worth $ 1.8-bn, reduces the stake to $110 bn
- Life insurance industry likely to see 14-15% growth: CARE
- Banks free to have separate caps for lending to power, renewables sectors: RBI to Centre
- DoT may get less than 50% of₹92,000 cr AGR dues from telcos
- Voltas eyes ₹50-cr business from Kerala this Onam
- Suzuki Motorcycle India sales up 18% in July
- Ashok Leyland July sales down 28% at 10,927 units
- The US to slap 10% tariff on $300 billion more in Chinese goods: Donald Trump
- RBI allows Bank of China to offer regular banking services in India
- Normal monsoon likely in August, September: IMD
- Marico Q1 net profit up 21.6% to ₹315 crore
- SEBI sends a letter to MFs detailing 23 lapses in FY 17
- Shapoorji Pallonji’s solar EPC business announces ₹3,125 crore public offer
- PNB plans aggressive recoveries to contain gross NPA below 12%
- NCLAT sets aside order directing return of land to Jaypee Infratech
- in inks lease pact with GMR Hyderabad Airport City
- Tata Power consolidated Q1 net falls 87 pct year-on-year
- TVS Motor July sales down 13 percent at 2,79,465 units
- Sensex tanks over 450 points, Nifty finishes below 11,000-mark
- Finance Minister Sitharaman to meet CEOs of PSU banks on Friday
- Coal India to spend Rs 700 cr to procure 40 rakes
Morning Business News:
- Eight core sectors’ output rises 0.2 percent YoY: Govt
- US Fed lowers interest rates for the first time since 2008, signals more cuts
- HDFC lowers lending rates by 10 basis points
- Automakers cut production by 11% in Q1: Report
- Govt receipts only 14% of full-year target in 1st qtr
- Government raises subsidy for non-urea fertilizers
- Vedanta contributes 0.40% to India GDP, says the study
- Core sector growth at 50-month low in June; 4 out of 8 sectors contract
- Jewelry exporters may be covered under credit insurance benefit
- Fiscal deficit touches Rs 4.32 trillion in Q1, 61.4% of the budget estimate
- RBI allows domestic banks to sell NPAs abroad as a one-time settlement
- FPIs pull out over Rs 11,000 crore in July, highest in nine months
- In 3 months, the fiscal deficit exceeds 61% of the full-year target
- Govt, exporters discuss a strategy to increase exports to the US, China
- Tamilnadu Petroproducts profit rises 90% in Q1
- Ashok Leyland’s Q1 profit plunges 45% to ₹230 cr
- Blue Dart April-June quarter profit drops 73%
- ICRA’s rating cut stifles Yes Bank’s ability to raise fresh capital
- The government gives more time to direct tax code panel to finalize the report
- Cabinet approves the bill to regulate chit funds industry
- Eicher Motors Q1 net dips 22% to ₹452 crore
- Tata Global Beverages Q1 net profit rises 10% to ₹141.68 crore
- Cabinet approves the bill to prohibit all unregulated deposit schemes
- India’s exports need to contribute $1 trillion in an economy: Piyush Goyal
- US ‘working hard’ with India to help grow its economy: Mike Pompeo
- Trade war: China blames US’ flip-flop as talks end without breakthrough
- Cafe Coffee Day term loans put on watch by Icra
- Rupee settles 6 paise higher against dollar ahead of Fed meet outcome
- IOC net drops 47 percent on lower refinery margins
- Allahabad Bank okays raising Rs 2,000 cr equity capital via QIP
- India 10-yr bond yield drops as FPIs shift from equities to debt
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