Top 10 business headlines: EAC-PM jobs panel, fall in auto sales, and more

From US Fed's rate cut to fall in auto sales due to poor demand, here are the top 10 business headlines on Friday

1) DSP Mutual Fund initiates legal action against DHFL to recover dues

In a move that might disrupt the resolution process being worked out for Dewan Housing Finance Corporation (DHFL), DSP Mutual Fund (DSP MF) has initiated legal action against the housing finance company for recovery of its dues. “As mutual funds are not formally bound by the inter-creditor agreement (ICA) signed by banks, they can take legal recourse to strengthen their position,” said a person in the know.

DSP MF had an exposure of about Rs 169 crore, largely as non-convertible debentures (NCDs), as of April 30,