Top 10 biz headlines: Repo rate at 9-yr low, auto cos seek stimulus & more

From Maruti cutting production by 25% for sixth consecutive month in July to Sebi enhancing guidelines for share pledging, here are the top 10 business headlines on Thursday

1) Repo rate at nine-year low after RBI announces 35-bps cut; India Inc says banks should pass on benefit

The Reserve Bank of India (RBI) on Wednesday moved for an unconventional repo rate cut by 35 basis points, the first of such magnitude by the central bank, to arrest falling economic growth while insisting that banks must now pass on the benefits to their customers. 

The central bank has lowered the growth projection for the current financial year to 6.9 per cent from 7 per cent earlier. It kept its inflation projection unchanged at 3.1 per cent. (Read more