Month: March 2018

PNB plans vertical to recover stressed assets

Rs 8,297cr demand notices slapped on Coal India firm

Land degradation may affect 3.2 billion people globally

Telcos revenue, license fee shrank in FYQ3: TRAI

India-EU FTA negotiations likely to resume soon

JSW Steel to invest $500 million in Texas unit

Centre asked to consider BS-VI fuel from April 2019

Economy to double to $5 trn by 2025; no risk to inflation target: SC Garg

Essar Steel insolvency: ArcelorMittal drags bankers’ rejection to NCLT

Govt plans to borrow Rs 2.88 trn in H1FY19; to issue inflation indexed bonds linked to CPI

Unlisted PSUs buy back Rs 26 bn stocks to help meet disinvestment goal

NMDC declares interim dividend of 430%; shareholders pocket Rs 13.60 bn

ASICS looking to double topline growth in India

RBI to keep policy rates on hold, maintain neutral stance: Report

China promises to address trade deficit issue with India

Dr Reddy’s launches generic version of therapeutic injection

Maruti’s new Swift clocks over 1 lakh bookings in 10 weeks

KEC International wins contracts worth Rs 2,419 cr

ICICI Securities IPO size cut to Rs3,520 crore, sees 78% subscription

Tata Power sell Tata Comm shares to parent for Rs2,150 cr

Govt plans ban on sale of fairness creams containing steroids

Bank privatisation not answer, empower bank boards: Industry

Small savings interest rates may not go up in April-June

Axis Bank’s rating unaffected by not honouring guarantee, says Fitch Ratings

Government to borrow Rs 2.88 lakh crore in first half of FY19; announces short-term securities

Reliance Jio is top innovator brand in India, Google leads global list

Lakshmi Mittal’s ArcelorMittal moves court against Essar Steel bid rejection

Oil import bill may jump by 25% in FY18

150,000 primary health centres to be turned into wellness units

EU starts safeguard probe into some steel products, India worried

India’s biggest challenge is to get more & more people to pay income tax: CEA

BSNL eyes 13% market share; slams DPE for clubbing it with MTNL, AI

PNB pegs FY18 fraud loss at Rs 14,500 crore

Spending talks nearly done, $1.3T bill to be unveiled

Complaint against jeweller Kanishk for Rs 825-cr fraud

NuMetal moves NCLT to stay eligible for Essar Steel

NHPS gets cabinet nod, scheme portable across country

Mohandas Pai says 60% of Indian startups will fail

Need to connect all banks with mobile banking: Report

Lenders reject bids by Numetal, ArcelorMittal for Essar Steel

PNB blames concurrent auditor for not flagging off SWIFT transactions

Abbott India gets aggressive on new product launches, plans 110 in 5 years

At $768 bn, Amazon is second most valuable US-listed company; tops

US slaps anti-dumping duty on steel wire imported from India, China

China allows foreigners to enter $27 trn payments market

US slaps anti-dumping duty on Chinese, Indian steel flanges

Indian firms most concerned about rising protectionism: Report

Five mines of NMDC receive 5 Star Rating

Shortage of coal continues to hit power generation

Tata Group, DP World discuss cooperation

Sun Pharma gets USFDA nod for plaque psoriasis drug

Lenders restart Essar Steel auction, after rejecting Numetal, ArcelorMittal bids

Coal India to set up plants for coal gasification

RCom gets bondholders’ approval for asset monetization plan

Sebi mulls overhaul of algo-trading norms

Bayer clears EU hurdle for Monsanto deal with BASF sale

S&P’s boost for Modi, says banking sector could witness turnaround in FY20

Draft policy seeks stable regime for agriculture exports

Supreme Court directs JP Associates to deposit Rs 200 crore by May 10

Mutual fund NAVs are eroding for equity and debt

Rupee pushed down by global monetary uncertainty & high CAD

Force Motors, Rolls-Royce Power Systems ink Rs 300cr JV

LVMH adds $5,200 Hublot to roster of priciest smartwatches

India, US to bilaterally discuss steel import curbs

Fixed-term employment extended to all sectors to boost ease of biz

Goldman slashes India growth forecast on PNB fraud

‘Resolution plan for Binani Cement submitted to NCLT’

WTO members concerned over US import duty hike

Next wave of NPAs will come from SMEs: Kotak

Essar Oil picks Trafigura, BP for $1 bn oil-backed loan

Nirav Modi firms in Surat SEZ diverted duty-free diamonds: DRI

L&T, Reliance bid for Yogi’s flagship Rs 190 bn infra project

Govt to meet primary dealers to discuss Rs 6.06-trn bond sale plan: Report

ICICI Bank raises Rs 40 billion via bonds, money to be used to fund growth

EESL acquires UK-based power generator Edina for 55 million euros

Videocon exits insurance biz; sells stake to DP Jindal Grp, Enam Securities

India scraps sugar export tax to boost exports, cut inventory

Tata Motors to hike passenger vehicle prices by up to Rs 60K from April 1

Informal WTO ministerial meeting begins with 52 nations

Bata hopes India to be largest market in terms of turnover

Force Motors joins hands with Rolls-Royce Power Systems

Private fuel retailers market share rises in three years

PNB fraud: Mehul Choksi refuses to join CBI probe again

Biocon sees approvals unlocking $1 billion biosimilar sales

Sterlite Power acquires Rs1,500 crore Goa-Tamnar project

Hindustan Aeronautics IPO subscribed 99% on final day

Stringent norms, extended lull seen weighing on realty sector

Sebi may tell exchanges to raise fees for trading in illiquid stocks

Reforms unlikely till next general elections: Former RBI Governor Raghuram Rajan

Wheat production likely to hit 100 million tonnes target this year

Transitional Credit Under GST: Centre takes exclusive powers to verify claims

Need more financial education as financial inclusion improves, says panel

Trade deficit of $44 billion pushes up CAD

US plans heavy China tariff hit

New India launches global medical cover

US mulls new law to guard call centre jobs

MFIs increase checks and balances post-DeMo

Sebi exempts govt from open offers for six PSBs

Manufacturing cos Q3 sales up, profit subdued: RBI

Videocon to exit insurance biz, sell entire stake

No FDI in defence, ports, coal in Apr-Dec: Govt

Bring model scheme for construction workers: SC

DoT increases spectrum cap, installments for payments

‘No new bank guarantee from Axis Bank to be accepted’

UltraTech to pay Rs 73 bn for 98% stake in Binani Cement, NCLT nod awaited

India has not signed any free trade agreement in last 3 yrs: Govt

RP places Rs 67-bn plan by Dalmia Bharat Cement for approval before NCLT

Manufacturing companies’ sales improve in Q3, profit subdued: RBI

IOCL to commission Rs 30 bn polypropylene facility in six months

UltraTech to buy Binani Cement, seeks end to insolvency proceedings

New FSSAI norms will curb organic farming growth?

L&T set to win EPC contract for new dry dock in Kochi

Centre invites EoI for stake sale in Scooters India

IRB Infra bags road project worth Rs 2,043 cr from NHAI in Gujarat

Suzlon bags 500 MW wind energy projects through SECI bids

Insider info: Sebi moves to plug WhatsApp leaks

Future Retail gets RBI nod to increase RFPI to 49%

Uttam Galva offers 51% of outstanding loan to avoid asset auction

Hindustan Aeronautics IPO subscribed 45% on Day 2

Supreme Court upholds sale of Park Hyatt Goa to ITC

RCom moves SC against Bombay HC, NCLT orders barring sale of assets

India, Hong Kong shake hands to avoid double taxation

India’s domestic air passenger traffic on the rise, up 24% in February

Bhel commissions Ist unit of Kishanganga hydro project in Jammu and Kashmir

Alibaba to invest extra $2 billion in Lazada Group in aggressive Southeast Asian expansion

Bandhan Bank IPO subscribed 14.63 times

ED moves HC against acquittal of Raja, Kanimozhi in 2G case

Lemon Tree Hotels sets price band at Rs 54-Rs 56

CBI charge sheet against ex-CMD of Canara Bank CMD in Rs 68 cr loan case

Suzlon to build TWO wind projects in Gujarat

Govt for PSBs’ stability first, consolidation later

Jio adjusted gross revenue up 21.3% at Rs 5,300 cr

India to engage with US on export subsidies

Trai issues notice to Airtel for violating order

‘India offers Rs 1L-cr biz in bio-fuel, bio-energy’

Feb trade deficit at $12 billion, exports grow 4.5%

Govt plans to bar 91 defaulters from leaving India

GIC Re to start London operations next month

Merger with associate banks led to higher account closure this year: SBI

Govt not to extend March 31 deadline for selling pre-GST packaged goods

LS passes bill to enable govt to double tax-free gratuity to Rs 2 mn

TN govt to focus on aerospace, defence sectors to get Rs 100 bn investment

ICICI Securities Rs 40-bn IPO to open on March 22; price band at Rs 519-520

India to approach USTR against steel, aluminium tariffs

Suzlon commissions 340 MW solar projects

M.P. begins wheat purchase atRs.2,000/quintal

Rosy Blue Group has not defaulted on any bank loan: Mehta

Calderys India Refractories eyeing 25% capacity expansion

Goa mining industry stares at uncertainty

GST one of the most complex, and second highest tax rate in world: World Bank

Air India made Rs543.03 cr from asset monetisation: Govt

Infosys to open technology and innovation hub in Connecticut, US

Fortis Healthcare suitors look to buy shares from public, banks

Air India sale: Singapore Airlines has open mind on making a bid

Shipping ministry for bringing MTOs under self-regulation

PF: PPF accounts to remain immune from attachment

CREDAI seeks cut in GST; bank financing to buy land for low-cost home

CBI arrests RP Info System directors in Rs 515 cr bank fraud

PSBs to link SWIFT with Core Banking Solution by April 30

Currency derivative trade limit raised to $100m from $15m

CBEC field offices observe GST refund fortnight for exporters

More 4G spectrum for BSNL, revival plan for MTNL: Sinha

Trade deficit narrows to $12 billion in Feb

Banks to establish robust risk management system soon