©orporate Updates on 5.8.2019
Ø Saudi Arabia cuts September crude oil prices to Asia
Ø Iran seizes another foreign oil tanker in Gulf
Ø Green certificate sales down 61% to 6.29 lakh in July
Ø Slowdown woes revealed in India Inc's changing tone
Ø CDPQ, Sekura Roads in race for GR Infra’s projects
Ø Deloitte quits as auditor of crisis-hit DHFL
Ø Embassy may call off stake-purchase deal with Indiabulls Real Estate
Ø Client-specific risks a trip factor for IT companies, says analyst
Ø CCI dismisses abuse of dominance charge against ONGC
Ø US accuses China of 'predatory economics', destabilising Indo-Pacific
Ø DLF transfers Noida mall, land to JV firm; reduces dues to Rs 5,500 cr
Ø ₹25,000-cr tenders cancelled or modified to promote 'Make in India' products
Ø Slowdown cyclical, growth will pick up in next few years: Bimal Jalan
Ø India needs to grow at 9 per cent to achieve PM’s target of $5-trillion economy: EY
Ø Sun Pharma shuts two clinical pharmacology units in Vadodara
Ø With NBFCs struggling, India's auto sector gets stung badly
Ø Financial surplus of Indian households falling since 2017-18
Ø Reliance Industries to acquire stake in Shopsense Retail for ₹295 crore
Ø Sterlite Power in talks to sell stake valued at ₹3,000 crore
Ø VC firms may garner over $4 billion from exits this year
Ø Everstone Capital puts up to ₹700 cr Burger King India IPO on its menu.
Ø Nirmala Sitharaman to meet stakeholders for actions proposed by U.K. Sinha Committee to boost MSMEs
Ø Liquidity crunch among shadow banks turned single biggest factor in auto sales collapse
Ø Lenders extend Jet Airways sale deadline by a week to August 10
Ø Govt. relaxes norms for re-insurers to set up shops at IFSC
Ø RBI imposes fine on PNB for delay in reporting fraud in Kingfisher Airlines account
Ø RBI bans NBFCs from charging loan foreclosure penalties
Ø Forex reserves fall by USD 727 million to USD 429.6 billion
Ø Maruti Suzuki cuts temporary jobs as sales plunge
Ø Natural rubber prices to remain under pressure
