Morning Business News Round Up_Jan 3, 2018

Morning Business News :

  • Open to raising deposit insurance cap of Rs 1 L: FM
  • Govt notifies 1 per cent GST for composition scheme
  • No proposal of PSB merger under consideration: Govt
  • Reliance Industries completes $16-billion expansion
  • Bitcoin not a legal tender in India, says Arun Jaitley

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  • Rupee climbs to fresh 2.5-year high on sliding dollar
  • Gold imports surge 67% in 2017 on restocking
  • Parliament passes Insolvency & Bankruptcy Code Amendment Bill
  • Ruias plan to pay interest, penalty of Rs 35 bn to retain Essar Steel
  • RIL commissions world’s largest refinery off-gas cracker at Jamnagar
  • Prinicipal Financial to buy PNB’s minority stakes in JVs
  • Average aluminium prices to move up by $150 in 2018-19: Nalco CMD
  • ONGC makes significant oil, gas discovery in Arabian Sea
  • TRAI issues interconnectivity rules; fixes 30-day deadline for inking pacts
  • Tata Power commissions 50-MW solar plant in Karnataka
  • Political funding clean up: Electoral bonds scheme takes off
  • Lemon Tree Hotels gets SEBI’s nod for IPO
  • December PMI data signals revival in manufacturing, Indian economy
  • Sebi plan on loan defaults runs into RBI hurdle
  • RINL’s April-December turnover zooms to Rs11,405 crore
  • Bharatmala project may not be a game changer for cement demand
  • Sanjeev Gupta to acquire Glencore’s Tahmoor coal mine in Australia
  • Production of horti crops to hit all-time high
  • Parliament passes bill to raise Nabard’s capital to Rs 30,000 cr
  • Clean energy crosses 62 GW mark; solar over 16W, wind 32.7GW
  • Average traffic speed in top 7 cities drops by 3 kmph: Ola
  • US may stop H-1B visa extensions, send 750,000 Indians back home
  • Volkswagen India charts out growth path
  • MTM losses may require govt to frontload capital in PSBs
  • Banks to refer 25 accounts to NCLT