Morning Business News Round Up_July 18, 2018

  •  Growth rises in eastern states for auto companies
  •  Very positive momentum against US sanctions on India
  •  Govt nod to Rs 11,336 cr capital infusion in 5 state banks
  •  Panel to change laws to prevent defaulters from fleeing
  •  Steel Minister announces pension scheme for CPSEs
  •  Trai’s draft rules to curb pesky calls, msgs: COAI
  •  Technology driving BFSI sector to grow: TCS
  •  HDFC AMC’s Rs 28 bn IPO to open on July 25 at Rs 1,095-1,100 per share
  • Image result for ashok leyland logo Ashok Leyland Q1 profit up by 233% to Rs 3.70 billion, beats estimate
  •  ICICI Lombard General Insurance Q1 net profit rises 35% to Rs 2.89 billion
  •  Cabinet to consider Rs 20 per quintal hike in sugarcane price for 2018-19
  •  EU, Japan to sign massive trade deal in ‘strong signal’ against Trump
  •  NCLAT stays voting by Bhushan Power & Steel lenders on finalising bids
  • ‘US import tariff to have indirect effect on steel industry’
  •  25% safeguard duty on solar modules is both a boon and a bane: Crisil
  •  Trucks can now legally carry 20-25% more load
  •  ‘Proposed solar safeguard duty is double-edged sword’
  •  Jet orders 737 MAX 8 Boeing planes for $9 b; drawn by fuel efficiency of its narrow body
  •  ICICI Bank audit committee hires law firm to look into bad loans
  •  IDBI Bank to move govt to make LIC promoter
  •  Federal Bank posts 25% rise in net profit on lower provisioning
  •  Nestle breaks into Rs1 trillion market cap club
  •  Rolls-Royce unveils hybrid ‘flying taxi’ at Farnborough
  •  NBFCs eye stressed SMEs for lending opportunities
  •  China’s cooling economy spells trouble ahead for global growth
  •  Government doubles import duty on over 50 textile products
  •  Grofers to enter FMCG segment; eyes Rs 2,500 cr sales in FY19
  •  UK employment hits record high as job creation continues
  •  Securitisation volumes up 128% in Q1
  •  Financial technology yet to reach potential
  •  Increase in truck axle load to impact CV sales
  •  Karnataka miners for curb on iron ore imports