Morning Business News Round Up_SEPT 19th, 2019

Morning Business News:

  • Fed cuts rates by 25 bps, gives mixed signals
  • Govt doing everything to bring high growth: Kant
  • FDI norms in coal mining, single-brand retail relaxed
  • Nalco declares record Rs 1,073 cr dividend for FY19
  • RBI plans to structure loan rates of NBFCs, HFCs
  • Trump orders more Iran curbs, Saudi shows evidence
  • Jio adds 85.39 lakh users, rivals lose 60 lakh: TRAI
  • Govt plans to give Rs 10L-cr EPFO corpus to a body
  • NTPC contains tariff rise with fall in coal imports, power blending
  • Govt bans e-cigarettes amid global concern over health risks
  • RBI decision to cut risk weights for retail loans credit negative: Moody’s
  • Icra sees FY20 steel demand growth shrinking to 5-6% from 7.9% in FY19
  • NCLAT asks RCom’s RP to approach NCLT for a refund of Rs 577 cr from Ericsson
  • Chinese cheer for Indian cancer-drug manufacturers

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  • India’s steel consumption growth likely to slow to 6 percent: ICRA
  • Government scraps import duty on open cell LED TV panels
  • NTPC to build 5GW solar park in Gujarat
  • SRF shuts technical textiles plant in Thailand
  • Essar to double CBM gas production to 1 mmscmd
  • Strategic sale of BEML, NMDC unit accelerates
  • Electricity discoms owe ₹74,710 crores to gencos
  • Amazon partners with Western Union to allow purchases in cash
  • Government open to selling part of Air India to the foreign airline: Report
  • Bankers can now take the decision without fear; CVC sets up panel to examine fraud
  • After banks, RBI plans to structure loan rates of NBFCs, HFCs
  • London overtakes Mumbai in rupee trading
  • Tax collection misses the target by a wide margin; inches up 4.7%
  • 44 lawmakers urge Trump administration to reinstate GSP for India
  • Rupee stems losses, rallies 54 paise to 71.24 vs USD on easing oil prices
  • Coffee Day sells tech park for Rs 2,700 cr to Blackstone to reduce debt