Monday, 5 August 2019

@AlliesFin Serve T.ME/ALLiESFiN's Post

*Economic Times*
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

*Business Standard*
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

*Business Line*
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

*Mint*
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

*Financial Express*
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

*Deccan Chronicle*
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
By: via @AlliesFin Serve T.ME/ALLiESFiN

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