Morning Business News Round Up_SEPT 05, 2019

Morning Business News:

  • Govt may miss the fiscal deficit target despite RBI’s money
  • Service activity slows in August, PMI declines to 52.4
  • CRISIL cuts GDP growth to 6.3% in fiscal 2020
  • HC grants relief to KPMG firm BSR in IL&FS case
  • Wipro bags $300 mn deal from ICICI Bank
  • NCLAT asks Jet IRP to cooperate with Dutch Court
  • Mandatory to link loans for housing, autos, MSEs to external benchmark: RBI to banks
  • Synergy Group, RA Treasury make the cut for reviving defunct Jet Airways
  • India to manufacture spare parts, components for Russian defense equipment
  • Auto industry stares at tough year due to transition to BS-VI norms: SIAM
  • Lupin, Boehringer Ingelheim ink $700-mn deal for anti-cancer drug
  • Moody’s upgrades PNB’s outlook to ‘positive’ from ‘stable’

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  • Yes Bank settles ‘selective disclosure’ of asset quality case with Sebi
  • H-Energy and Russia’s Novatek sign LNG cooperation pact
  • Weak demand to hit steel cos profit this fiscal: Report
  • Sharp fall in cement demand likely due to lower government spending
  • India, Russia agree to step up trade to $30 bn by 2025
  • BPCL to invest Rs 25,000 cr on an Ethylene cracker unit at Rasayani
  • RBI asks banks to link retail and MSME loans to external benchmark from 1 Oct
  • JLR to launch 30 new vehicles in China over the next 2 years
  • Moody’s affirms ratings of five PSU banks following the merger announcement
  • Unitech asked to clear ₹2,734 crore dues in 15 days or lose Noida land
  • Volkswagen introduces Polo and Vento facelifts in India
  • Modi govt in talks with World Bank, ADB, KfW for low-cost capital to MSMEs
  • FPI flows to remain under pressure despite tax surcharge reversal, benign monetary policy: Ind-Ra
  • AMCHAM bats for the free-trade pact between India, US
  • India got most migrant worker money last year; leaves behind China, US, others
  • AMCHAM bats for the free-trade pact between India, US
  • Russia plans to set up above 20 nuclear power units in India in the next 20 years
  • Gold gains Rs 122, silver jumps Rs 2,070
  • Maruti to halt production at Haryana plants for 2 days amid auto crisis