Morning Business News Round Up_ August 13, 2018

  •   IBC has put recovery process on fast track: Ficci Survey
  •   Over 200 rail projects report Rs 1.82L cr cost overrun
  •  Related image BPCL gets green nod for ethanol project in Odisha
  •   SBI to sell two NPAs worth Rs 2,490 crore
  •   PVR to buy SPI cinemas in deal valued at over Rs 850cr
  •   Adani walks away with gas rights for 21 cities
  •   Govt draws up new bailout plan for Air India
  •   PSBs to be recapitalised in Q4 FY19, exercise linked to progress on reforms
  •   GVK plans to raise Rs 135 billion for Navi Mumbai airport project
  •   Manufacturing sectors with high production growth rose in Q1: CII
  •   Investors want higher price in Fortis open offer; IHH unlikely to oblige
  •   Indian Oil posts 50% jump in quarterly profit as refining margin doubles
  •   India’s economic growth to improve in coming quarters: CII-ASCON
  •   No GST on fortified toned milk, but treatedtamarind kernel powder to attract 5% tax
  •   DGCA to conduct financial audit of Jet Airways
  •   RCEP trade ministers to meet on Aug 30-31 in Singapore
  •   NBCC standalone net at Rs.67.66 cr
  •   Hindalco to pre-pay Rs.3,000-cr debt this fiscal
  •   Saudi Arabia fund in talks to invest in Tesla buyout deal
  •   Rafale deal from Dassault, not defence ministry: Reliance Group
  •   India Cements Q1 profit falls 34% to ₹26 crore
  •   Tata Motors global sales fall 5% in July
  •   Monsanto fined $289 million in world’s first Roundup cancer trial
  •   FinMin unlikely to heed RBI’s demand for greater power over PSU banks
  •   Auto industry raises concerns over proposed changes in import regulations
  •   RBI net sells USD 6.184 bn of US currency in June
  •   DCM Shriram to invest Rs 1,300 cr to expand sugar, chemical business
  •   FPIs infuse Rs 8,500-crore in capital markets in just 8 trading sessions
  •   FY19E earnings likely to grow by 22.8%
  •   Sebi seeks to make MFs more cost effective
  •   Coal India pushes back output target
  •   More education loans turn ‘bad’ in three fiscals
  •   CPSEs to soon monetise assets, SAIL, NTPC to take lead