The industry body has suggested imposing a maximum customs duty of Rs 4,000 on handsets priced above Rs 20,000.
The country's reserve position with the fund also declined by USD 1.5 million to USD 3.345 billion.
DBS Bank suggested hiking the cap on foreign funds' investment in domestic debt is a better option.
Swadeshi Jagran Manch will campaign against the plan by convening meetings of influential economists.
The slowing economy makes it more difficult for President Xi Jinping to fight back forcefully against the US.
Despite gold losing steam overseas, the precious metal saw upward trend due to rise in domestic demand, traders said.
Brent crude futures were up USD 1.17, or 1.9 per cent, at USD 63.10 a barrel by 0505 GMT.
The 30-share index cracked 305.88 points or 0.80 per cent to settle at 38,031.13.
Globally, spot gold was trading almost flat at USD 1,425.60 an ounce, while silver quoting higher at USD 16.40 per ounce.
Bharti Airtel will seek the approval at its annual general meeting to be held on August 14 in New Delhi.
Sebi and the corporate affairs ministry are looking into the alleged governance lapses at InterGlobe Aviation.
The fields produced an average of 1.76 million standard cubic metres per day of gas during April-June, the firm said.
Grant Thornton was asked to review ratings provided by various credit rating agencies (CRAs) to IL&FS group companies.
This circular shall be applicable with respect to financial results for quarter ending September 30, 2019 and after, Sebi said.
Amidst the beauty, Isuzu MU-X, looks the way the way a noraml SUV should look; simple yet elegant.
The sales of Maruti Vitara Brezza, which were between 13,000 units to 14,000 units every month, had come down to about 8,000 units last month.
These electric scooters are available in 50 dealerships across the country, with prices starting from Rs 43,000.
Gold is trading at Rs 35,800 per 10 gram tracking positive overseas trend after US Federal Reserve Chairman hinted at a rate cut.
Alrosa expects the situation to ease in the September quarter as demand from jewellery consumers remains stable.
Policies sold rose 8.4 per cent YoY in June 2019, while the retail APE ticket size fell by 7.7 per cent YoY.
Sachin Bansal and former Bank of America director Ankit Agarwal are in joint talks for acquiring Essel MF.
According to him, multiple issues are affecting the industry. Companies have been facing working capital crunch due to shortage of bank finance.
About the family business, the senior Hiranandani said his son Darshan will be his successor.