Morning Business News Round Up_Feb 28, 2018

Market volatility won’t stop more rate hikes: Fed Chair

Monetisation of road projects can fetch Rs 1.25L cr’

Probe NPAs above Rs 50 cr, alert CBI, PSBs told

World’s biggest wealth fund returned $131b in 2017

Nirav Modi-owned Firestar files for bankruptcy

Dalmia Bharat consortium highest bidder for Binani

Big banks brought stress to the system: RBL Bank

Total foodgrain production estimate hits record 277.49 mn tonnes in 2017-18

Image result for GSTGST revenue collection dips marginally in Jan to Rs 863 bn

Jute industry stares at nearly Rs 8 bn loss on dilution plan

Moody’s upgrades outlook on IDBI Bank to ‘positive’ from ‘stable’

AIIB approves $1.5-bn in loans to India for infrastructure projects

15-day deadline to public sector banks for identifying risks

PNB does not need immediate capital allocation?

No transaction fee on cross-currency derivatives trade for 3 months: NSE

PM woos South Korean investors, assures protection

Andrew Yule to divest engineering division

Banks’ NPA from gem and jewellery sector rises to 30%

PNB fraud: Banks seek forensic audit of Gitanjali Gems

Telecom firms free to match Reliance Jio’s cheap tariffs, rules Trai

GIC to buy minority stake in Prestige’s Exora Business Parks

Creditors may offer to sell Amtek Auto along with subsidiaries

PNB says fraud may cost bank nearly $2 billion

Siemens unit’s IPO value is said to slip toward $32 billion

Arun Jaitley seeks higher funding for India from AIIB to bridge infrastructure gap in Asian region

Comcast challenges Rupert Murdoch with $31 billion offer to buy Sky

PNB Fraud Case: Part of Nirav Modi’s money trail leading to Delaware in US, says ED source

Finally bank credit growth moves into double-digits in Q2

Hindustan Zinc invests Rs 600 cr in 2 new mills

MFI gross loan portfolio up 43%, delinquencies down

Essar Steel auction a labyrinth of complex laws and ambiguities

Govt may double import duty on wheat