Morning Business News Round Up_July 30, 2019

Morning Business News:

  • Panel to meet again on funds transfer: Bimal Jalan
  • IBC Amendments to ensure greater clarity: FM
  • Slowdown, NBFC crisis poses fresh NPA scare: Moody’s
  • India benefited modestly from US-China trade war: SBI
  • Paytm Money plans to start stockbroking services
  • SBI cuts deposit rates keep lending rates unchanged
  • Vodafone Idea to close m-pesa business
  • Parliament passes a bill to curb Ponzi schemes, protect poor investors
  • India bond yields drop as FM says govt won’t rethink the foreign bond plan
  • Number of pending appeals against Sebi’s decisions rose in FY19 at SAT
  • Tax rise for high earners may trigger fund flight from India: Bimal Jalan
  • India’s non-basmati rice export falls after govt withdraws tax incentive
  • As revival plans fail, NCLT orders IVRCL’s liquidation
  • IFSC boost: CBDT gives compliance relief to non-resident investors
  • India’s renewable energy cost lowest in the Asia Pacific: report
  • Shortage of cane: EID Parry to shut Pudukottai sugar factory
  • DLF Q1 profit zooms to ₹413 cr

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  • Cipla, Alvotech in pact for commercialization of Humira biosimilar
  • Sebi seeks public comments on issues related to proxy advisers
  • Telcos may have limited participation in 5G spectrum auction
  • Indian drug makers scouting for partners in China: report
  • IOC-Adani Gas JV to invest Rs9,600 crore in city gas projects
  • Dr. Reddy’s Lab Q1 net profit rises 45% to₹663 crore
  • Bank of Maharashtra clocks ₹81 crore profit in June quarter
  • Flipkart-owned PhonePe receives Rs 698-cr infusion from parent company
  • DoT issues guidelines for 5G trials across all available spectrum bands
  • CCI approves the acquisition of Sundaram BNP Paribas by Sundaram Finance
  • India’s crude steel output grows this much in June
  • Rupee does U-turn, settles 14 paise up at 68.75 against US dollar
  • Sensex ends 196 points lower on weak global cues
  • Sitharaman seeks more rate cuts, says no review on overseas borrowing plan: report
  • Leather exports decline despite government incentives