Morning Business News Round Up_May 2, 2018

  • Core sector growth slows to 4.1% in March
  • RBI allows FPIs to invest 20% in short term securities
  • NCLAT directs status quo in Electrosteel sale case
  • ETMONEY launches CreditLine, forays into lending
  • CBI probing loans to Aircel ex-promoter: IDBI Bank
  • Image result for HyundaiHyundai sales up 6% in April at 59,744 units
  • New telecom policy sets a target of $100-billion investment by 2020
  • L&T to sell electrical and automation business to Schneider for Rs 140 bn
  • Air India sale: Centre eases bid conditions, extends deadline to May 31
  • Essar lenders to meet ArcelorMittal, Numetal on May 2 to discuss offers
  • Maruti Suzuki India April domestic sales up 14.4%; exports up 19.1%
  • Govt puts rest to speculation on FDI hike in PSBs, privatisation
  • GAIL signs Rs 20 bn loan agreement with SBI to meet capex requirement
  • Mahindra & Mahindra sales up 22% at 48,097 units in April
  • Oil PSUs freeze fuel prices ahead of Karnataka polls
  • GST revenues for April cross Rs 1-lakh crore mark
  • M&M to buy up to 10% stake in Canada?s Resson Aerospace Corp
  • Fortis gets improved offer from IHH Healthcare at Rs.175/share
  • Royal Enfield sales up 26.67% in April at 76,187 units
  • GAIL signs Rs2,000 crore loan agreement with SBI
  • JSW Infra plans Rs8,800 crore investment in next 3 years
  • Kuwait Petroleum eyes 24% stake in Bina refinery: report
  • SBI not to hold its annual accounts meeting in Kolkata from this year
  • Operational creditors file plea opposing Alok Industries’ liquidation
  • Equis looks to sell its power platform in India Hydreq for Rs2,000 crore
  • Huge potential for trade between India, southern Africa countries: Suresh Prabhu
  • Power gencos for changes in Coal India?s proposed pricing system
  • Identify India?s current stage of economic cycle and invest accordingly
  • DGAD refuses dumping duty on a chemical from Chinese Taipei, South Korea
  • Draft policy envisions lower taxes, universal broadband access
  • Market sees Korean peace overtures as long-term positive
  • Retrospective amendment to Raj PSC puts Cairn in a spot
  • Trump keeps allies guessing on steel tariffs ahead of deadline
  • Biofuels to pave way for reducing India?s carbon footprint