Morning Business News Round Up_May 11, 2018

  •   Falling Re to take FY19 trade deficit to 4-yr high
  •   Decide on banning import of pet coke: SC to Govt
  •  Image result for PCJ logo PCJ announces share buyback worth Rs 424 cr
  •   Rel Infratel flags desperate need to sale its assets
  •   Jaypee moves SC seeking approval of its resolution plan
  •   York Capital Management ups stake in Fortis to 6.25%
  •   Freeze on fuel prices hike coincidental: IOC chief
  •   RBI adds 3.1 tons of gold to forex reserves in Q4
  •   Walmart-Flipkart deal to hit Indian retail, needs govt scrutiny, says CAIT
  •   Captive coal to cut Nalco’s aluminium cost by 25%
  •   Nestle India Q1 profit rises 36% at Rs 4.24 billion
  •   Indian Bank Q4 profit drops 59% to Rs 1.3 bn on higher NPA      provisioning
  •   RBI could turn to NRI bonds to stifle the crude blow: Report
  •   ‘US sanctions on Iran will not dent India’s exports’
  •   SEBI splits CMD post, raises minimum board strength to 6
  •   IRB Infra arm bags Rs 2,043-cr road project
  •   Titan Q4 net jumps 71% to Rs 304 cr
  •   Zydus Cadila gets USFDA nod for Carbidopa tablets
  •   KKR India to infuse Rs 1,250 cr in Sintex arm
  •   Adani Enterprises Q4 profit declines 17% to Rs181 crore
  •   ABB India’s profit margins, order book betray expectations
  •   Indostar Capital Finance IPO subscribed 69% on Day 2
  •   Union Bank posts Q4 loss of Rs2,583 crore
  •   Ujjivan Financial Q4 profit jumps over 3-fold to Rs65 crore
  •   After Flipkart deal, Walmart to open 50 new stores in India in 4-5 years
  •   Supreme Court spots fund diversion by Amrapali Group, seeks financial details
  •   Jaypee group offers 2,000 shares to home buyers
  •   Apple scraps $1 billion Irish data centre over planning delays
  •   GST, RERA have changed contours of business in real estate, says report
  •   Currency futures trading could be extended to 8 PM
  •  Commercial vehicles take lead over others
  •   NRI Bonds of $30-35B on the way: report
  •   Jignesh Shah moves HC for quashing of CBI probes
  •   Offshoring budgets of US companies down to 5%