Sunday, Aug 25, 2019 | Last Update : 05:23 PM IST
Columns
Ladakh has been hived away from it; J&K is truncated now.
Jyotiradtiya Scindia, who lost his Guna seat in the last Lok Sabha election, is said to be eyeing a seat in the Rajya Sabha.
The problem is that no political economy sensitive plan to implement these reforms has emerged.
Pradeep S Mehta and Shagufta Gupta
Ease of running a business: What Siddhartha forces us to reflect on
Siddhartha wanted to be a “wealth creator”, as do thousands of entrepreneurs who open startups in India every year.
Economy
Risks in sector may rise when banks lend more to NBFCs: Fitch
It said that if banks direct more funds to the sector, mostly the strongest NBFCs are likely to be benefited.
FinMin mulls stress fund for infra sector: Housing Secretary Mishra
As my information, the discussion for stress fund is on in the Finance Ministry, said Housing Secretary Durga Shanker Mishra.
Wholesale inflation in July falls to multi-year low of 1.08 per cent
Inflation based on Wholesale Price Index (WPI) was at 2.02 per cent in June this year and 5.27 per cent in July 2018.
Modi reviews state of economy with Sitharaman, FinMin officials
There are expectations that the government would come out with sector-specific stimulus sometime soon.
Modi says will invest Rs 100 lakh cr in infra, USD 5 trn economy target achievable
India was ranked 142nd among 190 nations when the Narendra Modi's government took office in 2014.
Market
Gold touches fresh all-time high of Rs 38,770 on jewellers' buying
Silver ready plunged Rs 1,100 to 43,900 per kg, while weekly-based delivery fell Rs 113 to Rs 43,422 per kg.
Sensex ends 74 points lower; Yes Bank plunges 7.11 per cent
Yes Bank plummeted 7.11 pc on concerns over its stake in CG Power, which has been hit by financial irregularities.
Crude oil futures fall 0.52 pc on weak global cues
Crude oil for delivery in September was trading lower by Rs 21, or 0.52 per cent, at Rs 3,994 per barrel.
Markets to remain cautious in near-term
The S&P BSE Mid-Cap Index fell 1.32 per cent, while the S&P BSE Small-Cap Index plunged 1.43 per cent.
Companies
Air India owes Rs 4,500 cr in fuel dues; hasn't paid in 200 days: Oil cos
Air India offered to pay Rs 60 crore which is a drop in the ocean of what oil marketing companies owe.
Amazon to buy 49 per cent stake in Future Retail promoter firm
Amazon will make an equity investment in a promoter group firm Future Coupons for a 49 per cent stake.
Govt to upfront infuse Rs 70,000-cr capital into public sector banks
The move is expected to generate an additional lending and liquidity in the financial system of upto Rs 5 lakh crore, said FM.
CFO optimism on biz environment for Jul-Sep qtr remains unchanged: Survey
CFO optimism index increased only by 0.6 per cent, on a year-on-year (YoY) basis, to 106.0 during Q3 (July-September) 2019.
Indian biscuit maker could lay off 10,000 jobs amid falling demand
Parle is not the only food product company to have flagged slowing demand.
Autos
Auto industry cheers PM’s support for ICE vehicles
There was panic that the govt was going the whole hog on electric vehicles.
MG Hector launched; Price starts below Tata Harrier, Jeep Compass and Hyundai Tucson
The MG Hector is available in four variants: Style, Super, Smart and Sharp.
In Other News
Faster GST refunds to boost MSME liquidity
As the Finance Ministry has been receiving several grievances related to GST, the minister tried to assuage some of the concerns.
GDP growth seen falling to 6 per cent and GVA to 5.8 per cent in Q1
Icra attributed this to a slowdown in the expansion of industry (from 9.8 per cent to 5 per cent) and agriculture (from 5.1 per cent to 2 per cent).
India’s new festival splurge: Grocery and apparel
Transactions at grocery stores accounted for 24 per cent of the total volume on Independence Day.
India's holding of US govt securities jumps to USD 162.7 bln
Among the major foreign holders of the Treasury securities, India was at the 13th position with holding to the tune of USD 162.7 billion.
Trade war can help MMF exports
Man-made textile is one among the products from China upon which Trump administration has levied additional tariff recently.