Morning Business News Round Up_April 5, 2018

ICICI Bank risks class action suit in US: Jefferies

China hits back, slaps tariffs on 106 US products

‘India ranks 3rd among nations facing cyber threats’

India to offer $3-4 bn plan for Iran gasfield: Sources

‘Banks stare at $38 bn new dud loans from power sector’

Loan write-offs decline to 13% of gross NPAs: RBI

No loans given outside consortium to Videocon: ICICI

Indian telecom billionaires plan $6 billion warchest

Average phone call rate falls to 19 p/min, data tariff to Rs 19/GB: Govt

Amazon may offer to buy Flipkart to counter Walmart’s bid: Report

NCLT allows new claims of Rs 8 bn against Monnet Ispat & Energy

Idea worst hit in Q4 among telcos, to report a five fold increase in losses

India bags second position in crude steel production, output up by 3.4%

PNGRB issues new bidding norms for CNG, PNG retail licence

`Over 17 lakh e-way bills generated in 3 days

Amendment in solar bidding norms positive, says ICRA

NCC gets orders worth Rs 1,085 cr

NBCC to construct bunkers along Indo-Pak border

Capacite Infra bags order worth Rs 365.5 cr

Numetal, Arcelor seek to cancel each other’s Essar Steel bid

Image result for Jet AirwaysJet Airways to buy 75 Boeing 737 Max jets worth up to $9.7 billion

MFs add 32 lakh investors in 1 year due to ad campaign

Reliance Power to raise up to Rs2,000 crore via QIP

Ranbaxy’s demise wake-up call for business families in India

PE exits in India grew over 60% to $15.7 bn in 2017: Bain

Chinese handset major Xiaomi to bring ‘crowdfunding’ platform to India

Big drop: Remittances sent by Indians abroad fall by $8.5 bn between 2014-15 and 2016-17

Trade war finally begins as China set to slap 25% reciprocal tax on US products; markets tumble

China hits soybeans, aircraft in counter-punch to Trump tariffs

BEL clocks a milestone turnover of Rs10,000 cr

Banks saw frauds worth Rs 18,170 cr in FY17: IiAS

PNB allowed to spread fraud losses over four quarters

Govt may accept insolvency panel report sans changes

Morning Business News Round Up_April 3, 2018

RBI allows banks to spread bond trading losses

Core sector grows 5.3% in February vs 6.1% in January

Image result for BankBanks’ bad loans tick up to $146 billion in December

ICICI, Axis Bank together lose Rs 13,216 crore

Tata Steel to pay Rs 35,200 cr cash for Bhushan Steel

Govt rules out excise duty cut to cushion petrol prices

Trade war intensifies as China imposes tariffs of up to 25% on 128 US goods

EESL to invest Rs 24 bn to buy 20,000 electric vehicles by March 2019

Stressed bank loans at Rs 9.5 trn in Dec, PSB loans account for Rs 8 trn

Vedanta, ArcelorMittal, NuMetal-JSW bid to takeover debt-laden Essar Steel

UltraTech Cement gets a second chance to takeover Binani Cement

ICICI Bank board to review insolvency cases pending before NCLT

JSW Steel to buy out Rewant Ruia in Numetal, join race for Essar Steel

Motherson to acquire Reydel Automotive for 1,307 cr

ReNew Power acquires Ostro Energy for Rs.10K cr

Daiichi Sankyo moves SEBI to block Fortis-Manipal deal

Corona Remedies acquires 2 brands from Abbott India

Insolvency and Bankruptcy Code set for major overhaul

More than 5 lakh GST e-way bills issued on Day 2 of rollout

Sebi bans First Financial Services, 28 others from markets for 3 years

Sandhar Technologies shares close 3% lower on market debut

Honda recalls 56,194 units of Aviator, Activa 125, Grazia

HAL records Rs18,000 crore turnover in FY18

States allowed to set up crop insurance firms to execute Pradhan Mantri Fasal Bima Yojana

Dairy major Amul’s turnover up 8% at Rs 29,220 cr in FY18

Social Media Management company Synctag raises $308,000 led by Subhkam Ventures

IT solutions company Kellton Tech acquires US-based Salesforce service provider PlanetPro

E-way bill rollout glitch-free

Predatory pricing by e-commerce firms irks traders’ body

Bad loans to cross `10L cr in FY19; slippages to moderate

E-retail bags $4.1b PE money in FY18, largest yearly funding

India at risk of food crisis due to climate change

Morning Business News Round Up_April 2, 2018

Over 1.7 lakh e-way bills generated on launch day

India is now world’s 2nd largest cell phone producer: ICA

NPAs: After banks, now NBFCs in a Rs 2.2 trillion mess

RP changes bidding rules to keep Ruias out of race for Essar Steel

Euro-VI fuels roll out in Delhi, prices hit record high

Image result for Maruti Maruti’s March sales up 14.9% at 1,60,598 units

Majority stake of Ratnagiri refinery on offer: Govt

NCLT initiates insolvency resolution for Lanco Teesta Hydro Power

Govt disposes of around 700,000 tonnes of pulses so far from a buffer stock

ED initiates enquiry in ICICI-Videocon loan, asks Sebi for documents

Hero MotoCorp crosses record 7.5-million units sales mark in 2017-18

BSNL approaches DoT for recovery of Aircel’s outstanding dues of Rs 420 mn

MIT-India conference to be held on April 8

Centre may impose 10% import duty on mobile motherboards

Ashok Leyland to set up plant for buses in AP

Ind AS 115 will help in improved disclosures: ICAI

GAIL arm to invest Rs 3,000 cr in Dabhol terminal

Tata Motors’ sales rise 35% to 69,440 units in March

Canara Bank calls off move to divest stake in Canfin Homes

Vedanta wins bid to acquire Electrosteel Steels in an insolvency auction

LIC trims stake in Sterlite Technologies by 2%

Royal Enfield sales surge 27% to 76,087 units in March

Allahabad Bank cuts lending rates by 45 basis points

Reliance Jio Prime membership extended for another year at no cost

BSNL vs Aircel: PSU approaches DoT for recovery outstanding dues

Russia earmarks $53mn to develop digital economy

ASSOCHAM demands BPO-centric response team to minimise cyber attacks

IOC to invest Rs 1.4 lakh crore to double refining capacity

JSW Steel steps up mega Odisha project plan

Cotton prices may remain firm around Rs 115

Brass futures contract to provide price discovery platform

Export blues cast shadow over apparel industry

Pfizer seeks another miracle drug