Month: March 2017

Morning Business News :

• Nation now gets ready for GST in next three months
• Walmart okay with selling only Made-in-India goods
• Goods will become slightly cheaper after GST: Jaitley
• Rupee enters 64-terrain after 17 months, up 13 paise
• SC bans sale of non-BS IV vehicles from April 1
• Direct recruitment in government jobs dips by 89%
• IATA questions laptop ban on some flights to US, UK
• Kotak launches zero-charge digital bank account
• RInfra’s Rs 3,000-cr InvIT fund gets NHAI approval
• Rajya Sabha passes Finance Bill
• RIL completes Gulf Africa Petroleum Corporation stake sale
• Union MF, BOI Axa explore merger option
• Coal India plans private mining consultancy foray
• Rel Jio’s Prime membership base close to hitting 50 million

• EU blocks Deutsche Börse’s $14-billion takeover of LSE
• DBT leads to Rs. 34,000 cr savings for govt: FinMin
• Australian company keen to invest in Adani’s coal mine project
• JP Morgan group pays Rs 2.75 cr, settles case with SEBI
• Tube Investments rolls out online bicycle brand
• Amul vs HUL ice-cream ad case adjourned to Monday
• 7 lakh telcom forms non-compliant with norms’
• India becomes net exporter of power for the first time
• Tata ties up with Alibaba to take Tetley tea bags to China
• RBI says all payment systems to remain closed on 1 April
• Monsanto termination of Nuziveedu Seeds sub-licence pact illegal: Delhi HC
• ITR form made simpler, e-filing of income tax to start from 1 April
• Expensive valuations reign in bulls despite India stock markets’ rally
• Kyrgyzstan for enhanced business, cultural ties with India
• Bharti Airtel beats Reliance Jio, becomes fastest network in metro cities
• Scramble to exchange money as March 31 deadline nears
• Sensex ends 122 pts higher ahead of F&O expiry, SBI soars
• EU drug approval plan triggers worries
• Fund flows shore up rupee to 17-mth high of 64.86
• Bad debt issues spook steel industry

Morning Business News :

• No plan to introduce new denomination notes: RBI
• FPI inflows hit $6b in March on hopes of more reforms
• OPEC, non-OPEC panel suggests output cut extension
• Arbitration on compensation in RIL-ONGC row starts
• Jio will enable Indians to cut cord: Sling TV CEO
• Motherson Sumi offering over $600 mn for Bosch’s arm
• CBDT to waive interest liability if tax demand paid in retrospective cases
• Govt may table GST Bills in Parliament on Monday
• Apple stays in hunt for duty sops in India

• Coal India announces second interim dividend for 2016-17
• General insurance premium set to go up from April 1 as Irdai gives go-ahead
• SBI workforce may see 10% reduction by 2019; hiring to fall by 50%: MD
• Puzzolana eyes US acquisition
• RPL share sale: RIL’s explanation for ₹447-cr ‘illegal gains’ made post-facto, says SEBI
• GIC may be first PSU general insurer to launch IPO
• Emami Infra eyes London renovation contracts
• JSW Group to invest ₹7,000 crore in global port business over 3 years
• CBEC rechristened Central Board of Indirect Taxes and Customs
• CAG to audit fallout of demonetisation
• Hindustan Zinc plans solar power projects worth Rs425 crore by next year
• Shriram Properties to invest Rs15,000 cr on realty projects
• Bank union protests RBI decision to keep branches open next week
• BERC approves 55% power tariff hike in Bihar
• At 23rd spot, HDFC Bank MD Aditya Puri beats Facebook’s Mark Zuckerberg in Barron’s 30 best CEO’s list
• Exchange of Rs 4,500 in old notes allowed in Nepal: RBI
• FinMin, RBI working out new mechanism to tackle NPAs
• Dividend pressure on PSUs to meet disinvestment earnings gap
• Govt plans big data research to boost exports
• TVS Motor in line to achieve 18% market share in two years

Morning Business News :

• SBI justifies penalty, says need money to bear Jan Dhan costs
• CPSE stake sale: Govt wary of foreign investors
• Reserve Bank opposes Tata move to pay Docomo
• Our services are not for free: HDFC’s Aditya Puri
• Indian drug makers can export patented meds for approval: Delhi High Court
• Paytm will now levy 2% fee when you top it up using your credit cards
• Long wait for a shorter trade route to Russia ends
• I-T dept lifts freeze on Cairn Energy payout, but bar on stake sale stays
• Investors now trust India story: LSE
• Steel exports shoot up 150% in February, imports decline 46%
• Sebi relaxes restraint order in castor seed controversy
• Note ban boost to digital payments continues: Study
• Reliance Jio understated revenues, forex gains not included, says report
• Industry body bats for universal basic income for women
• Mahindra Lifespace gets SEBI approval for Rs. 300-cr rights issue
• Merc sales ‘back on track’ with Q1 growth
• Groupe SEB India sees Tefal range heating up growth
• Vedanta pledges to raise women board representation to 33%
• Reliance MF’s CPSE ETF to open on Mar 14; to raise Rs. 2,500-cr
• Digital payments decline as cash returns, shows RBI data
• D-Mart IPO subscribed 1.36 times on Day 1

• Paytm valuation near $5.9 billion as 3 investors sell stake to Alibaba
• Glenmark gets USFDA nod to start phase-II clinical trials for respiratory drug
• Instacart said to raise funds valuing start-up at $3.4 billion
• Three Indian firms among the 50 most promising start-ups in the world
• H1B, employment based green card to be reformed: US Senator
• US already in trade war: Commerce Secretary Wilbur Ross
• Govt makes Aadhaar mandatory for crop insurance policies
• Music Broadcast IPO subscribed by over 39 times on overwhelming interest in all categories
• China grants preliminary approval to 38 new Trump trademarks
• Sugar import at zero duty on the cards
• Cement prices rise in north, dip in south
• Govt lines up 9 rail PSUs for IPO
• Adhere to spending cap in March: FinMin to ministries
• Flipkart’s hedge fund boss is looking for $1.5b
• Maruti to launch four new models in 2017-18

Morning Business News :

• Sebi, RBI engage in turf war over HDFC Bank
• Trump ignores India, puts priority H-1B visas on hold
• Tata Steel may scrap merger plans with Thyssenkrupp
• Finmin gives in-principle nod to ESOPs by PSU banks
• India’s GDP growth appears solid, says US economist
• Aadhaar data base fully safe and secure, says UIDAI

• Govt may promote electric commercial, public vehicles
• Banks want RBI to relax debt recast guidelines
• Govt gives nod to outright sale of 3 SAIL special steel plants
• Li cuts China GDP growth target to a 25-year lo of 6.5%
• A few more drugs to come under price control: NPPA
• Coal gas can help lower import bill by $10 bn in 5 yrs: Coal Secy
• Govt considering lifting ban on chana futures
• Note ban makes Mahindra sales veer off course
• FDI in services sector up 77.6% in April-Dec
• JSW Steel is frontrunner to buy Italy’s Ilva plant
• Bumper crop does little to cheer pulses farmers
• Labour ministry to call trustees’ meet to raise equity exposure to 15%
• Dr Reddy’s Labs acquires 100% stake in NBFC Imperial Credit
• ArcelorMittal shelves investment plans on tough economic condition
• NPAs at record high: parliamentary panel for naming big corporate
• Centre to hike dearness allowance by 2% from 1 January
• Lenders to auction two Kingfisher Airlines properties
• Standard Life, Aberdeen said to hold merger talks: report
• Cable TV rates may fall as Trai notifies pricing framework
• Top 4 companies’ m-cap swells by Rs 35,876 cr, Reliance Industries hits home run
• Imports like electronics, machinery go against Make in India
• Government may ask SAIL to operate Monnet Ispat till buyer finalised
• Pakistan’s financial capital Karachi turned ‘into rubbish bin’
• Reliance stake revamp to help cut Ambani’s tax liability
• Smaller cities a new destination for VC, angel firms
• GST set to kick in from July 1, draft laws cleared
• Govt readying plans to wipe out benami transactions
• Divestment cells to push stake sale

Morning Business News :

• GIC set to pick up KP Singh family stake in DLF arm
• India seeks $5-7 billion aid from World Bank
• China plans mass layoffs, gets ready to cut 5 lac jobs this yr
• LPG prices raised by Rs 86, the steepest ever hike
• Banks to charge Rs 150 after 4 cash transactions
• Tata Sons will participate in TCS buyback
• Nokia, Airtel join hands on 5G, IoT applications
• Railways to come up with mini-budget today
• Dow hits all-time high of 21,000 after Trump’s speech to US Congress
• Another USFDA warning for Wockhardt; US plant faces product approval freeze
• JSW Steel makes offer to buy controlling stake in Monnet Ispat
• Tata Motors February sales up 2% at 47,573 units
• Govt likely to impose 25% wheat import tax soon: Sources
• World Bank offers over $1-billion loan to Maharashtra
• GDP data belies exaggerated claims of note ban impact: Jaitley
• Demonetisation credit positive as it will cut tax avoidance, corruption: Moody’s
• Govt notifies law to make banned note possession punishable
• Gujarat Ambuja Exports’ buyback offer begins
• Sensex closes near six-month high, Nifty 0.75% higher on positive GDP data
• Rupee closes weaker against US dollar on Asian cues
• Hyundai sales up 6% to 52,734 units in February

• Voting on Grasim-Aditya Birla Nuvo merger to begin 6 March
• Telecom secretary J.S. Deepak named India’s new WTO ambassador
• Godrej consolidating food retail chain Nature’s Basket
• India’s gold jewellery exports to UAE decline 56% in January
• Muted response to second black money disclosure scheme
• India ranks 36th in Internet inclusiveness: Facebook- Economist Intelligence Unit
• Mahindra sales decline 2.92 % to 42,714 units in February
• RBI cautions users against virtual currencies such as Bitcoins
• India should use 5G to solve developmental problems:TRAI Chief
• Avenue Supermart sets IPO price band at Rs 295-299
• Insurers hike group health plan pricing