Morning Business News Round Up_June 19, 2018

  •  Chanda goes on leave, ICICI puts Bakhshi in charge of operations
  •  IOC in talks with US cos for term deals to buy 1MT oil
  •  Led by pvt sec lenders, bank credit up 3.4% in Dec qtr
  •  London & other cities call for new petrol car ban
  •  Discom losses down 70% to Rs 17K cr, says report
  •  Vectus Industries files for Rs 500 cr IPO with Sebi
  •  Govt to subsidise finance and insurance cost for sugar buffer stock
  •  Image result for EPFOEPFO proposes move to ban full withdrawal of PF savings
  •  Arun Jaitley hints no cut in excise on oil, asks citizens to pay taxes
  •  Lupin, Nichi-Iko to commercialise arthritis biosimilar in Japan
  •  Piramal to back Chennai-based Appaswamy group, sanctions Rs 2 bn facility
  • Need to increase tax-GDP ratio by 1.5% points: Jaitley
  • Automakers’ capex pegged at Rs 58,000 cr for next two years: Crisil
  •  NCLT grants additional 20 days for Adhunik Metaliks to complete insolvency resolution process
  •  AU Small Finance Bank to raise ₹1000 crore from Temasek
  •  Recharging Eveready: Company seeks to halve debt by selling land
  •  ED wants ‘fugitive’ tag for Vijay Mallya
  •  RBI wants banks to discipline Indian corporates on working capital
  •  TCS share buyback shows absurdities of India’s repurchase rules
  •  HDFC Bank may rely on Indian market for $2.3 billion share sale
  •  Distressed asset funds eye buyout deals ahead of bankruptcy process
  •  GST formalising economy, widening tax base, says Finance Ministry
  •  TCS sets up new delivery centre in Paris that can accommodate up to 230 employees
  •  Retail-focused NBFCs may need up to Rs 4 trillion fresh debt to grow at 20% in FY19: Report
  •  Irdai sets up panel to review norms for insurance marketing firms
  •  Govt to list RVNL, IRFC in Q2
  •  RBI proposals on large loans to improve fund management: SBI
  •  Indians face 25% higher risks to financial fraud
  •  Brokerages seek tax incentives for offshore trades
  •  Gujarat NRE may get a new lease of life