Morning Business News Round Up_June 27, 2018

Morning Business News :

  • PSBs account for 85% of bank fraud cases: RBI report
  • Nearly one-fourth of banks loan has turned sour: RBI
  • Idea shareholders approve new name ‘Vodafone Idea’
  • Sebi orders open offer for NDTV
  • Brexit bill becomes law, allowing UK to leave the EU
  • Hedge funds accuse Indian co of $1.5 bn fraud
  • India records highest number of IPOs globally in 2018
  • Bhushan Steel reclassifies promoters after takeover by Tata Steel
  • Ashok Leyland’s LCV business turns around, posts Rs 1.34 bn profit in FY18
  • Vijay Mallya offers to sell assets worth Rs 139 billion to settle dues
  • LIC may enter banking space; eyes majority stake in IDBI Bank
  • Jindal Steel’s units in South Africa file for bankruptcy protection
  • NPA situation likely to worsen further: RBI
  • Fitch retains Airtel’s ratings at BBB-, outlook stable
  • Govt repaid over Rs 2 lakh cr on account of oil bonds taken: Pradhan
  • 95% safeguard duty sought on imported solar cells, modules
  • Piramal arm sells stake in PISA to Alliance Medical
  • SEBI clears HDFC Mutual’s initial public offering

Related image

  • Japan, South Korea eye tie-up with India to fund projects abroad
  • PNB Housing Finance plans to raise Rs10,000 cr via bonds
  • Macquarie moves insolvency tribunal against Ind-Barath
  • Varroc Engg IPO receives over 30% subscription on Day 1
  • GST Council may cut tax on construction material to 18%
  • Lakshmi Vilas Bank board approves 15 cr eq shares issue
  • NCLT admits insolvency petition against Uttam Galva Steel subsidiary
  • Domestic consolidation, portfolio realignment to boost M&A transactions, says EY report
  • GST Council to look at option of centralised appellate authority
  • GE, icon of American business, to exit health-care and oil sectors
  • Chinese airlines become collateral damage in trade war with US
  • Government debt rises to Rs 76.94 lakh crore in Q4 FY18
  • NBFCs make rapid strides with 30.8% net profit growth in FY18
  • Shriram Transport to issue Rs 5K cr NCDs
  • IndusInd to acquire brokerage biz of IL&FS
  • Irdai likely to clear LIC-IDBI deal with few conditions
  • More women in work force to boost India’s GDP: McKinsey