Economic Times
Ø IMF cuts India's GDP growth forecast to 7% for FY20
Ø Infra, power segments depress L&T Q1 earnings
Ø HUL net up 15%; Q1 volume growth weak at 5%
Ø NCLAT's Essar Steel order not applicable to Ruchi Soya
Ø DHFL's insurance arms solvent, safe: IRDAI chief
Ø NSE excludes Reliance Infra, Reliance Capital from F&O segment
Business Standard
Ø IGPC wants banks to be allowed to buy gold, become bullion bankers
Ø Brookfield's plan to acquire cash-strapped Suzlon hits a roadblock
Ø Rana Kapoor, Morgan Credits pledge 7.34% stake in YES Bank with lenders
Ø Zee Entertainment reports 62.6% hike in Q1 net profit at Rs 530 cr
Ø Promoter stake in Cox & Kings down to 39% over payments default
Business Line
Ø SEBI may moot peer review mechanism for credit ratings
Ø Motor Vehicle Amendment Bill gets green signal in Lok Sabha
Ø Fitch, Moody’s cut Boeing’s credit rating outlook to negative
Ø Reliance Industries’ stake sale talks with Saudi Aramco hit roadblock
Ø Tata Power plans ₹2,500-cr asset sale to pare debt
Mint
Ø Moody’s assigns ‘Baa3’ rating to Hero FinCorp
Ø Oriental Bank of Commerce Q1 net profit at₹113 crore
Ø RBI names Kanungo to run monetary policy portfolio after Viral Acharya quits
Ø Aditya Birla Sun Life MF’s debt investors face cliff edge risk
Ø Supreme Court extends NRC deadline to 31 August
Financial Express
Ø RBI launches medium-term strategy framework Utkarsh 2022
Ø RIL denies Oberoi Hotels stake buy report; says, no plan to buy EIH shares from ITC
Ø Investments in Kisan Vikas Patra to now double in 9 years 5 months: FinMin
Ø Capex revival 12-18 months away, says Larsen and Toubro
Deccan Chronicle
Ø Rupee settles almost flat at 68.94 against US dollar
Ø Sensex, Nifty end lower for 4th day; bank, auto stocks drag
Ø IndusInd Bank plans to raise up to Rs 20,000 cr by issuing bonds
Ø Crude oil up 0.28 per cent on upbeat global cues
Ø Supreme Court cancels Amrapali registration, asks NBCC to complete projects
By: via @AlliesFin Serve T.ME/ALLiESFiN
