Morning Business News Round Up_May 23, 2018

  •   SBI to sell stake in SBI Gen, SBI Card & SBI Caps soon
  •   OC posts 40% YoY jump in Q4 profit at Rs 5,218 cr
  •   India Inc foreign borrowing jumps over 2-fold in April
  •   Venezuela willing to accept oil payments in rupees
  •   Over 39L jobs created in 7 months till March: EPFO78
  •   Dalmia Bharat not to revise bid for Binani Cement
  •  Image result for 5g image ‘5G to offer $27 bn biz opportunity for India by 2026’
  •   SBI posts record loss of Rs 77 bn in Q4; stock rises 3.7%
  •  Modi, Putin talk multi-nation trade corridor being built by India via Iran
  •  Sebi probes insider trading violation at Fortis Healthcare
  •   Oil on the boil: Fuel subsidy may hit Rs 530 bn: Moody’s
  •   Rupee recovers from two-day fall to 68.04 vs dollar, edges 8 paise higher
  •   Sebi to ease norms for MF in derivative investment by raising cap on F&O
  •   Hyundai to hike vehicle prices by up to 2% from June
  •   DLF eyes bookings of ₹2,500 cr in FY’19; to be debt free by March
  •   Bharti Group exits Biyani’s Future Enterprises by selling its 13.64% stake
  •   RCom moves NCLAT challenging order allowing plea for its insolvency
  •   Highest bidder for Air India to be known by Aug: Choubey
  •   NCLAT puts Essar Steel insolvency process on hold
  •   Cipla back in black, posts Q4 profit of Rs179 crore but misses estimates
  •   Bosch Q4 standalone net down 1.51% at Rs433.78 crore
  •   Bata India March quarter profit jumps 44.8% to Rs52 crore
  •   Warburg Pincus leads race to buy 26% stake in insurer IndiaFirst
  •   India may not accept arbitration orders annulling Cairn, Vodafone tax demands
  •   Airbus says will obey WTO ruling on aircraft subsidies
  •   Sony buys EMI Music Publishing in USD 1.9bn deal
  •   SoftBank confirms selling ‘entire stake’ in Flipkart to Walmart
  •   China, US near deal on ZTE reprieve; Beijing cuts auto tariffs
  •  FY18 fiscal deficit may come down to 3.4%
  •   DHFL raises over Rs 10,000 crore on day 1
  •   CCI okays $66 billion Bayer-Monsanto deal
  •   Essar Steel insolvency: NCLAT orders status quo
  •   SGX to launch Indian derivatives despite legal move by NSE

Today’s M & A Deals_May 23, 2018

M & A Deals :

  • Exclusive: Industrial chemicals firm Calchem set for management buy-in
  • Blume-backed home rental startup FastFox buys property review platform
  • Sensex’s losing streak ends; SBI gains despite steep quarterly loss
  • Online lender EarlySalary buys instant consumer loan startup CashCare
  • CureFit to buy Indian arm of gym chain Fitness First in bid to boost revenues
  • Vernacular app NewsDog gets $50 mn from Tencent, others