Morning Business News Round Up_Aug 23, 2019

Morning Business News:

  • India’s consumer confidence drops in August: Report
  • Airtel fastest mobile broadband network, Jio now slowest
  • Startups with turnover up to Rs 25 cr to get the tax break
  • Gadkari eyes Rs 10L crore revenue from Bharatcraft
  • Labour code on mandatory minimum wages notified
  • CAIT seeks an extension of the last date to file GST return
  • Trump talks up the economy, talks down Fed amid mixed data
  • EPFO to allocate equity investments equally in Nifty and Sensex firms
  • Extraordinary steps needed to deal with financial sector stress: NITI V-C
  • FPI norm easing: Big bucks from cash-flush West Asia banks likely

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  • Govt files IPO document for IRCTC with Sebi plans to offload 12% stake
  • US deficit to hit $960 bn in 2019, top $1 tr in 2020: Report
  • Lupin divests its Japanese injectables business to Abu Dhabi company
  • Super-rich surcharge leaves financial sector poorer as FPIs pull out ₹6,700 cr
  • Brazil, Vietnam tighten grip over the coffee market
  • Pharma body wants certainty, predictability in the price-control mechanism
  • The stimulus to industry creates moral hazard, says CEA
  • Depositors’ law not applicable to NSEL: Bombay High Court
  • Gillette India Q4 net up 32 percent at ₹46 cr
  • Airtel has a strong balance sheet: Goldman Sachs
  • Domestic air traffic growth falls to a five-year low in January-July 2019
  • DLF denies the charge of non-disclosure of key information in QIP
  • Businesses get four months to settle pre-GST tax disputes
  • NTPC gets shareholders’ nod to raise up to Rs15,000 crore via bonds
  • India-Peru: Fifth round of Trade Negotiations held in New Delhi
  • Nepal, India review bilateral ties with special focus on connectivity, economic partnership
  • BRICS bank looks to tap into Indian Rupee offshore market
  • MCA issues clarification on firms’ merger date
  • Rupee crashes to over 8-mth low of 71.81 against USD
  • Sensex sinks 587 points; Yes Bank nosedives 14 percent
  • Gold continues the bull run, nears Rs 39,000 mark
  • India’s petrol imports in July hit highest in at least eight years