Morning Business News Round Up_ Oct 19, 2018

Morning Business News :

  • Consumer confidence drops sharply in Sept: Survey
  • Railways to produce metro coaches under Make In India
  • Massive tax scam cost Europe 55 bn euros: Report
  • Antigua ‘examining’ Choksi’s extradition request: MEA
  • GST input tax credit: Govt affirms Oct 20 deadline
  • IBC: Only registered valuers can do valuation from Feb
  • Govt to come out with gold policy to boost jewellery sector, create jobs
  • India-US talks over S-400 deal, Iran oil continue amid sanctions, CAATSA
  • MFs pump Rs 110 bn in equities in a fortnight, FPIs stance remains bearish
  • Novartis to acquire US-based cancer drugmaker Endocyte for $2.1 billion
  • ED issues show cause notice to NDTV in Rs 40-billion FEMA violations case
  • India engaged with all stakeholders on Iranian oil import issue: MEA
  • SACE guarantees $500 mn of credit lines to RIL
  • Tatas mull acquiring stake in Jet Airways
  • E-car sales plunge 40% in FY18
  • IRB Infra ties up Rs 981 cr from lenders for Vadodara-Mumbai Expressway section
  • NTPC to raise $150 mn in foreign currency loan
  • TCS displaces Accenture as largest IT firm servicing banks
  • India could be removed from US currency monitoring list
  • Ø ArcelorMittal to clear $1 billion dues to bid for Essar Steel
  • Reliance says 2018-19 profit may rise 18% on capacity addition
  • JSW may not pursue Essar Steel if it wins Bhushan Power
  • Air India gets ₹1,000 crore from National Small Savings Fund
  • SEBI asks Malvinder Singh, Shivinder Singh, 8 other entities to pay Rs 403 cr back to Fortis
  • Major blow to Indian IT firms in US: Donald Trump’s planned H-1B visa rule changes to hurt Indians
  • Jet Airways denies stake sale talks with Tata; says news speculative
  • No plans to scale down steel production target, says Union Minister Birender Singh
  • Hard for China to have trade deal with US: Donald Trump
  • I-T Dept suspects massive tax evasion via derivative trading
  • RBI gives 3 years to Bakhshi as ICICI chief against 5 sought
  • Cost pressures weigh on Q2 revenues
  • Grub infestation may be the fix to sugar problem

Today’s M & A Deals_Oct 19, 2018

M & A Deal :

  • Naspers to lead new $900-mn funding round in food delivery app Swiggy
  • Accel Partners leads $13.5 mn funding round in Universal Sportsbiz
  • Biotech startup Mynvax raises angel funding from former Nokia exec, others
  • How PE/VC firms and potential targets should go about bridging the valuation gap
  • Ayushman Bharat: Private firms may get to offer services at govt hospitals
  • BigBasket buys RainCan to boost micro-delivery business
  • SEBI asks Fortis Healthcare to recover $55 mn from founders, eight firms