• The National Company Law Tribunal (NCLT) gave the go-ahead for consolidating the

insolvency proceedings of 13 Videocon group firms into a single process.

• Yes Bank raises Rs.2000 crore by selling shares to a clutch of domestic and foreign ivestors
through a qualified institutional placement (QIP)

• President Ram Nath Kovind on Friday gave assent to the the Motor Vehicles (Amendment)
Bill, 2019, which will tighten road traffic regulations such as issuance of driving licence and impose
stricter penalties for violations in an attempt to improve road safety.

• India received the highest-ever FDI inflow of USD 64.37 billion during the fiscal ended March
2019

• Axis BankNSE 0.11 % has settled a case related to alleged violation of debenture trustee
norms with Sebi, after paying Rs 2.43 crore towards settlement charges.

• Airbnb invests over $200 million in OYO rooms which is touted to be one of the most
strategic investments

• Bharti Airtel has reported a consolidated net loss of ₹2,866 crore for the first quarter ended
June, a first-time loss in the last 14 years

• eBay has agreed to buy a 5.5% stake in e-commerce marketplace Paytm Mall by investing
around $165 million in a renewed attempt by the San Jose, California-based company to grab a
foothold in India’s fast-growing and intensely competitive online retail market

• Passenger vehicle sales in India are estimated to have fallen 31% in July, the sharpest since
automakers started reporting the numbers. The previous sharpest fall in passenger vehicle sales was
24.6%, recorded in November 2008.Around two lakh jobs have been cut across automobile
dealerships in India in the last three months

• DHFL warns of delays in debt repayments amid negotiation with lenders on the resolution
plan

• The government has asked for a five-year ban on Deloitte Haskins & Sells LLP and a KPMG
affiliate for allegedly aiding and abetting a financial fraud at a unit of IL&FS .

 .
 Sluggish industrial growth reported a four month low of 2% in the month of June, pulled
down by steep decline in the output of mining and manufacturing, indicating the growth
slump.