Day: June 14, 2018

Morning Business News Round Up_June 14, 2018

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  •  US Fed raises rates second time in a year, signals two more hikes
  •  Cabinet approves HDFC Bank’s fund-raising plan
  •  India & China may join hands to cut OPEC’s dominance in oil market
  •  PNB scam proceeds mainly went to NiMo’s kin: ED
  •  Government open to the idea of listing Air India
  •  ICICI Bank to sell 2% stake in life insurance arm
  •  RBI official asks NBFCs to meet MSMEs’ funding needs
  •  Bayer begins process to buy up to 26% stake in Monsanto for over Rs 13 bn
  •  HDFC 5th biggest consumer financial services company globally: Forbes
  •  India’s CAD triples to 1.9% in Q4 year-on-year, pegged at 1.6% in FY18
  •  Sebi panel to examine direct listing of Indian firms on overseas bourses
  •  Oil prices slip on rising supplies in US; Opec may relax output cuts
  •  TCS to consider buyback of shares on June 15
  •  PNB’s capital adequacy falls below regulatory requirement
  •  PM Awas Yojna: Govt raises carpet area up to 2,100 sq ft for interest benefit
  •  Fitch raises India growth forecast to 7.4% for FY’19
  •  BSNL launches FTTH broadband plans to counter competition
  •  FIIs look to build on India’s realty market as SEBI clears six REITs
  •  India, US to hold extensive talks to address trade issues
  •  Fitch downgrades viability rating of SBI, BoB on poor asset quality
  •  Hindusthan National Glass sells its entire 11.23% stake in HNG Float Glass
  •  Blackstone raises $9.4 bn for Asia realty, PE funds
  •  Bitcoin hits 4-month low after currency exchange theft
  •  Truecaller buys Chillr, looks to expand digital payments services
  •  Reeling under debt of around Rs 45k cr: Jobs at Reliance Communications reduced by 94%
  •  ‘Securitisation volumes down 7.2% in FY18 on GST ambiguity’
  •  DoT asks telcos to tweak systems for use of virtual IDs, limited KYC
  •  Spending on medicines alone pushed 38 million people to below poverty line, says report
  •  Bharat 22 ETF to raise Rs 8,400 cr from new issue
  •  Only 32% Indians make financial transactions online
  •  India has just a decade to become a developed nation: SBI
  •  Hong Kong branches of PNB, IOB under lens