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Tuesday, 6 August 2019
@AlliesFin Serve T.ME/ALLiESFiN's Post
*Business Standard :*
Ø FPIs exit: Govt swings into action, to hold talks on super-rich tax
Ø Re suffers biggest fall in 6 yrs, slumps Rs 1.13
Ø Govt begins process to auction 27 coal mines
Ø FM says to take steps to improve economy "quickly"
Ø SBI invites bids for Videocon's overseas oil, gas assets
Ø RBI imposes penalty of Rs 8.5 crore on 11 banks
Ø IIFL Finance to raise up to Rs 1,000 crore through bond issuance
Ø Credit Suisse downgrades RIL to underperform, reduces target price
Ø Draft guidelines for e-commerce firms talk tough on deep discounting
Ø Moody's again warns YES Bank about ratings for exposure to shadow banks
Ø Rs 9,500-crore DIAL project to increase airport's capacity goes to L&T
Ø Tata Motors cuts pick-up production at Pantnagar plant by 17% to 15K units
Ø Retail investors forfeit Rs 1.33 trillion since Budget; m-cap falls 10%
Business Line
*Mint :*
Ø Govt to take steps to improve economy “fairly quickly”: Nirmala Sitharaman
Ø Visaka Industries to supply its hybrid solar-roofing solution, ATUM, to Air India SATS
Ø Torrent Power Q1 net up 22 per cent at ₹276 cr
Ø Jindal Stainless Q1 profit tumbles 26%
Ø Shell to install solar panels at Taloja lubricant plant
Ø Suzuki posts 46 per cent drop in Q1 profit on slowing demand in India
Ø DHFL's bondholders get three-week deadline to be on board with rescue plan
Ø Yuan slips beyond 7 per dollar for the first time since 2008
Ø Wall Street stocks tumble on worsening US-China trade war;
Ø Bankers agree to take steps to review lending rate transmission, says FinMin
Ø Jalan panel to give report on RBI’s surplus reserves this month
Financial Express
*Deccan Chronicle :*
Ø Govt may impose
countervailing duty on certain steel products from China, Vietnam
Ø UK biggest retailer Tesco axes 4,500 supermarket jobs
Ø Power ministry brings mechanism for stressed projects for servicing debt in first place
Ø SAIL extends deadline for submission of EOIs for sale of 3 units
Ø Bankers agree to take steps to review interest rates: FinMin
Ø Sensex tanks over 418 points amid Centre’s Jammu and Kashmir move
Ø Crude oil futures fall on global cues
Ø Blackstone may buy out Indiabulls Real Estate's commercial properties: Report
By: via @AlliesFin Serve T.ME/ALLiESFiN
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