New Delhi, Aug 1 (PTI) Following are the top business stories at 2055 hours:
DEL74 BIZ-GST-COLLECTION
* Gross GST mop-up rises 7.5 pc to Rs 1.96 lakh cr; refunds jump 67 pc in Jul
New Delhi: Gross GST collection increased 7.5 per cent to about Rs 1.96 lakh crore in July on higher domestic revenues. *
DEL116 BIZ-LDALL INDIA-US-TARIFF
* Trump tariffs to hit less than half of India's exports; trade talks on; no compromise on agri, dairy
New Delhi: The US on Friday slapped a 25 per cent tariff on India, potentially impacting about half of the USD 86 billion Indian exports to America, while the other half, including pharmaceuticals, electronics, and petroleum products, continued to be exempted from the levy. *
DEL36 BIZ-FITCH-GROWTH-TARIFF
* Fitch cuts India GDP growth projections to 6.3 pc; sees limited impact of US tariffs on corporates
New Delhi: Fitch Ratings on Friday cut India's GDP projections for the current fiscal to 6.3 per cent and said it expects a limited direct impact of higher US tariffs on Indian corporates. *
DCM120 BIZ-LD AUTO SALES
* July passenger vehicle sales in slow lane as demand softness impact major players
New Delhi: Amid softening demand in the domestic market, Maruti Suzuki India on Friday reported a marginal increase in vehicle dispatches to dealers in July while Tata Motors and Hyundai Motor India saw their sales dip. *
DEL82 BIZ-LD STOCKS
* Markets extend losses on global sell-off amid US tariff concerns; Sensex tanks 586 points
Mumbai: Equity benchmark indices Sensex and Nifty declined sharply for the second straight session on Friday, tracking deep losses in pharma, metal, and IT stocks amid trade-related concerns and widespread selling pressure in global markets. *
DEL115 BIZ-LD RUPEE
* Rupee sees sharp recovery, ends 47 paise higher at 87.18 against US dollar
Mumbai: The rupee recovered sharply and ended 47 paise higher at 87.18 against the US dollar on Friday, following a steep fall in the American currency triggered by a slower-than-expected job growth in the world's largest economy. *
DEL48 BIZ-ATF-PRICE
* ATF price hiked 3 pc, commercial LPG rate cut by Rs 33.50
New Delhi: Aviation turbine fuel (ATF) prices were hiked 3 per cent on Friday, while the price of commercial LPG cylinders was reduced Rs 33.50, in line with fluctuations in international benchmark rates. *
DCM51 BIZ-GOOGLE-LD CCI
* Google proposes to allow real money games on Google Play
New Delhi: Google has proposed to allow real money games on Google Play in India as part of addressing anti-competition concerns. *
DEL80 BIZ-FOREX
* Forex reserves rise by USD 2.7 bn to USD 698.1 bn
Mumbai: India's forex reserves rose by USD 2.703 billion to USD 698.192 billion during the week ended July 25, the RBI said on Friday. *
DEL70 BIZ-GOLD-PRICE
* Gold declines Rs 400 to Rs 97,620/10 g; silver tumbles Rs 2,500
New Delhi: Gold prices dipped Rs 400 to Rs 97,620 per 10 grams in the national capital on Friday due to continuous selling by stockists, according to the All India Sarafa Association. *