Top 10 biz headlines: HUL leads race for Dinshaw's, July IIP data, and more

From key states ruling out GST rate cut for auto sector to RIL's e-auction mechanism for new KG-D6 gas, here are Friday's top business headlines

States rule out GST rate cut on automobiles amid grim revenue situation

Key states have expressed reservations on a cut in the GST rate for the auto sector because of the grim revenue situation, after the fitment panel refrained from recommending any such reduction.

Facing a deepening slowdown, the auto sector is pinning hopes on the GST Council meeting on September 20 for a rate cut. Read more

Hindustan Unilever emerges front-runner for Dinshaw's Dairy Foods

Hindustan Unilever (HUL) is leading the race to pick up Nagpur-based Dinshaw’s Dairy Foods, which has been on the block since