Sunday, Aug 25, 2019 | Last Update : 05:23 PM IST


Fitch observed that India's constant nudging of banks to lend more to the shadow banking sector is in contrast to the global trend of authorities trying to break the linkages between banks and NBFCs.

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.

Finance Minister Nirmala Sitharaman had already held consultations with various stakeholders, including industry, banks, homebuyers, real estate players and capital market participants, to firm up steps that could be taken to deal with problems being faced by them. (Representational image)

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.

Govt data said inflation in food articles was 6.15 per cent in July as against 6.98 per cent in the previous month.

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.

In the real estate sector, the number of unsold homes has increased while fast-moving consumer goods (FMCG) companies have reported a decline in volume growth in the first quarter.

Modi reviews state of economy with Sitharaman, FinMin officials

There are expectations that the government would come out with sector-specific stimulus sometime soon.

Prime Minister Narendra Modi.

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.


"Globally, spot gold held steady near USD 1,500 an ounce weighed down by a strong US dollar and higher level profit-booking.

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.

After opening on a positive note, the 30-share index swung 292 points, finally settling 74.48 points, or 0.20 per cent, lower at 37,328.01.

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.

Meanwhile, West Texas Intermediate was down by 0.23 per cent at USD 55.55, while global benchmark Brent was down 0.30 per cent at USD 60.12 a barrel.

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.

The Sensex fell 267.64 points or 0.72 per cent to settle at 37060.37, while the Nifty 50 Index fell 98.30 points or 0.89 per cent to settle at 10918.70.

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.


Air India official had on Thursday said that oil firms stopped fuel supplies to the airline at Cochin, Visakhapatnam, Mohali, Ranchi, Pune and Patna around 4 pm.

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 acquire all or part of the promoters' shareholding in Future Retail Limited and is exercisable between the third to 10th years. (AP Photo/Richard Vogel, File)

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.

The move is expected to generate an additional lending and liquidity in the financial system of upto Rs 5 lakh crore, said FM.

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.

Factors which pulled down the optimism levels of the chief financial officers (CFOs) were weak liquidity, need for funds, domestic and global macroeconomic conditions and scenario for mergers and acquisitions, said Manish Sinha, Managing Director India, Dun & Bradstreet.

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.

Parle, founded in 1929, employs about 100,000 people, including direct and contract workers across 10 company-owned facilities and 125 contract manufacturing plants.

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.


Other automakers are likely to follow suit, which would lead to loss of at least contractual jobs.

Tata Motors, M&M set to slash production

Maruti may operate just one shift at factories.

Li-Ions Spock e-scooter is powered by a 2.9kWh swappable battery which offers a claimed range of 130km in eco mode.

Li-Ions Spock electric scooter launched

Deliveries of the electric scooter commenced on July 1.

Prime Minister Narendra Modi

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 prices range: Rs 12.18 lakh to Rs 16.88 lakh (ex-showroom pan-India).

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

As the Finance Ministry has been receiving several grievances related to GST, the minister tried to assuage some of the concerns.

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.

Industrial growth is expected to decelerate sharply to 5 per cent in Q1 FY2020.

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).

All these days, grocery was the category which witnessed highest spend.

India’s new festival splurge: Grocery and apparel

Transactions at grocery stores accounted for 24 per cent of the total volume on Independence Day.

Latest data from the US Treasury Department showed that Japan was the largest holder, with holdings of American government securities worth USD 1.122 trillion, followed by Mainland China whose exposure stood at USD 1.112 trillion. (Representational Image/ Pixabay)

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.

A representational image for textile or apparel industry. (Photo: PTI)

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.