- Falling Re to take FY19 trade deficit to 4-yr high
- Decide on banning import of pet coke: SC to Govt
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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%
Month: May 2018
Morning Business News Round Up_May 8, 2018
- US move may spiral into trade war, India tells WTO
- SBI threatens to pull the plug on insolvent firms
- ICICI Bank Q4 net halves, provisions more than double
- Govt mulls time limit for withdrawal of cases under IBC
- Binani CoC likely to discuss UltraTech bid on May 9
- Trai issued 26 orders for fines on pesky calls in 2017
- Latest bid for India’s Fortis more risky: Manipal CEO
Cognizant guides for $4-4.04 billion Q2 revenues- Insolvency: Promoters submit Rs 10 bn revival plan for Jaypee Infratech
- Sebi writes to govt urging tax parity between cash and derivatives
- Nestle to pay Starbucks $7.15 bn for rights to sell its products worldwide
- Crude oil breaches $70 as markets await Trump call on Iran sanction
- Reliance to invest Rs 600 bn in Jio this year, may borrow Rs 1 trn more
- Brokers urge Sebi to review ‘harsh’ 100% penalty on margin reporting
- BSE to launch commodity derivatives trading from Oct 1
- GM cotton patents: SC refuses to stay order against Monsanto
- Fee regulations for insolvency professionals soon
- Oilmeal export earnings up 48% in 2017-18
- RInfra-Astaldi JV bags Rs 7,000-cr Versova-Bandra sea link project in Mumbai
- Suven’s Pashamylaram unit completes USFDA inspection
- HC rejects plea to stay Vodafone?s UK arbitration in tax dispute case
- Bharti Infratel, Indus likely to invest Rs3,500 crore capex for FY?19 ahead of merger
- Niti Aayog partners with Google to grow India?s artificial intelligence ecosystem
- BlackRock exits India mutual fund business
- Aurobindo launches $1.6 billion bid to buy Novartis generics unit
- Mukesh Ambani’s EWPL seeks tripling of KG gas transportation tariff
- SC issues notice to Unitech on contempt plea of Home buyers
- Lemon Tree’s big expansion plan! To invest Rs 850 crore on capex in 3 years
- Infibeam to buy Snapdeal?s Unicommerce in Rs 120 crore deal
- 11 more PSUs identified for disinvestment
- Valuations of retail banks, NBFCs are stretched
- Chana prices set to recover from 4-year lows
- IBA to measure reforms implementation by PSBs
- MFs lifting cap on small and mid-cap schemes
- BlackRock blinks, DSP gets 100% in Investment Managers
Today’s M & A Deals_May 3, 2018
M & A Deals :
- Rakesh Jhunjhunwala-backed John Energy gets SEBI nod for IPO
- Amazon counters Walmart with offer to buy 60% stake in Flipkart: Report
- Equis may sell hydropower platform; five suitors for Blackstone-controlled Intelenet
- B2B startup Bizongo raises $22 mn in Series B round
- Fin-tech startup OpenTap raises funds from HNIs
- Social gaming startup Cricnwin gets seed funding from Chinese investor, others
Morning Business News Round Up_May 3, 2018
- ‘Manipal-led bid for India’s Fortis faces objections’
- Fed maintains status quo, says inflation close to target
Power Grid board approves investment of Rs 461 crore- India, US to boost cooperation in Indo-Pacific region
- CBI may soon file charge sheet in PNB Scam
- Govt to pay Rs 1,540 cr to cane growers on mills’ behalf
- NCLT orders Binani lenders to consider UltraTech bid
- Over 23,000 bank fraud cases involving Rs 1 trillion in 5 years: RBI
- Govt approves continuation of merged agri schemes with Rs 332.6 bn outlay
- 9 cos in fray for 55 blocks under first OALP auction; Vedanta bids for all
- Amazon makes formal bid to buy 60% stake in Flipkart: Reports
- IndiGo Q4 profit plunges 73% on higher expenses at Rs 1.18 billion
- Recognition of bad loans will produce benefits over long-term: Moody’s
- Revenue dept to look at quarterly GST revenues average for trend analysis
- 11 farm schemes, with over Rs.33,000-cr outlay, merged
- Hero MotoCorp Q4 profit jumps 35%
- NBCC wins Rs.2,000-cr govt order
- Siemens net up 18% in March quarter
- HCL poised to replace Wipro as No. 3 IT firm
- Job losses from tech adoption a risk for nations: ADB
- Marico Q4 profit rises 7% at Rs183.2 crore
- Sebi said to probe IndiGo stock fall before company filing: report
- Vedanta considers building zinc smelter in South Africa
- Ajanta Pharma Q4 profit down 17% at Rs94 crore
- Kotak Mahindra Bank, HDFC twins, ITC steer Sensex in green; PSU banks, real estate, metals crack
- India?s economy likely to grow at 7.3 pct this fiscal:Report
- Govt approves Rs 5.5 per quintal subsidy for sugarcane farmers
- Tata Power posts Q4 profit at Rs 1,477 cr, declares 130 pct dividend for FY18
- Rupee may hit Rs 68-70/$1 by fiscal-end
- 89% of organisations plan to implement AI technologies in the next 12 months
- India falls out of top 10 in FDI index
- Assets of offshore Indian bonds double to $8b in 17
- EPFO suspends Aadhaar-seeding services amid data leak reports
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
Hyundai 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