Morning Business News Round Up_July 25,2017

Morning Business News :

  • ITC increases prices of cigarette by 4-8% as a result of higher tax
  • Amtek Auto says insolvency proceedings accepted by NCLT
  • Reckitt Benckiser CEO Rakesh Kapoor says GST spurring volatility
  • IL&FS’ PE arm to raise $1 bn infrastructure fund from pension funds in Japan, South Korea
  • Why rejig of financial year could upset your tax planning
  • Subrata Roy seeks time from Irda to turnaround Sahara Life Insurance
  • PwC cooked books, evaded tax and broke laws: Ex-CFO
  • Banks may cut UPI charges for merchants

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  • Govt mulls LPG-like subsidy transfer for PDS foodgrain
  • Banks lost Rs 88,553/hour to cybercrime in last 3 yrs
  • Farm loans form 60 per cent of new NPAs: HDFC Bank
  • Goldman to ramp up campus hiring of engineers by 30 per cent
  • CCI gives unconditional nod to Vodafone-Idea merger
  • Fashion and lifestyle brands want their share of GST gains from dept chains
  • Bharti Airtel chairman Sunil Mittal urges Trai to veto ‘bill & keep,’ maintain IUC
  • Nitin Gadkari says driverless cars won’t be allowed in India, plans app to rival Ola, Uber
  • Mahindra & Mahindra evinces interest in Punjab, may invest in electric vehicles
  • Insolvency not the best solution to alleviate NPA pain: HDFC Bank’s Aditya Puri
  • mjunction to build platform for oil sector bidding
  • JSW Energy may call off buying Bina Power, puts Toshiba, JV in cold storage
  • GCPL eyes 10% share of professional hair care market in next two and a half years
  • FSSAI mulling pictorial warning on liquor bottles
  • Distribution companies want to rework pacts as solar tariffs hit new low
  • UPL explores bid for Platform Specialty agrochem unit: Sources
  • Roche, Emcure may end pact to make 2 blockbuster drugs
  • Lupin receives US FDA approval for anti-inflammatory topical solution
  • Strides Shasun gets USFDA nod for anti-allergy capsules
  • Zee Entertainment completes acquisition of India Webportal
  • Competition Commission of India clears Vodafone-Idea merger
  • Air India seats available for 144 flyers, but airline books 194
  • Govt panel for sops to ease financial stress in telecom sector
  • GST: Reduced rates yet to bring cheer to retail car sales
  • TCS’ iON takes digital learning marketplace abroad
  • HPCL to retain its brand identity post ONGC deal, says Pradhan
  • Small shareholders demand seat at Alembic board
  • ONGC, OIL push crude oil output up by 0.24%, natural gas by 4%
  • Moody’s downgrades IOB, Central Bank
  • EIL’s Rs 658.80-crore share buyback to open on July 25
  • With GST, supply chain can become more efficient’
  • Ashok Leyland wins Rs. 650-cr order from Karnataka RTC
  • With Ducati, Bajaj Auto will reaffirm global goal in bikes
  • Post-GST, hosiery majors gear up with higher ad spends
  • After KKR deal, Radiant eyes hospital buys worth ₹1,500 cr
  • ‘Ceramic tiles industry to witness nearly 9% demand growth this year’
  • Lupin gets USFDA nod to market solution for skin conditions
  • SIS India sets IPO band at Rs. 805-815

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  • JioPhone may force Airtel, Vodafone, Idea to focus on bundled plans
  • IMF keeps India GDP growth forecast unchanged at 7.2% for 2017-18
  • Resolving Air India debt priority of aviation ministry
  • Wipro Ventures invests in venture capital fund Work-Bench
  • Do D-Mart results justify its stratospheric valuations?
  • ABB India: Many a slip between the cup and the lip
  • World oil demand could peak in 2024 on higher vehicle efficiency: Goldman Sachs report
  • Ashok Leyland: Weak sales, rising costs squeeze operating margin