Morning Business News Round Up_ Nov 30, 2018

  • India govt raises incentives to few exporters: RBI
  • Telecom tower companies face margin erosion
  • Considering possible merger of Indian unit: GSK
  • MRPL signs first term deal with Iraq: Sources
  • GDP data revision: Niti Aayog’s role raises eyebrows
  • Bayer to cut 12,000 jobs after Monsanto takeover
  • ICICI Pru settles MF case with Sebi
  • RBI relaxes NBFCs’ asset securitisation norms as sector faces IL&FS crisis
  • Slow tax reforms to blame for fiscal consolidation drive: Bibek Debroy
  • CBDT allows tax officials to widen scope of certain limited scrutiny cases
  • Net stable funding ratio norms for banks to be operational from April: RBI
  • Jubilant Life Sciences’ subsidiary to acquire Inipharm for around $28.5 mn
  • Unilever, Nestle in pole position for GSK’s Horlicks
  • Govt to move ₹29,000 crore of Air India debt to SPV
  • Adani Group to fully fund Carmichael coal mine
  • Clear ₹3,000 cr dues under TUFS: Texprocil tells Govt
  • ‘Aviation sector needs ₹35,000 cr of equity infusion over four years’
  • US markets fall as investors turn cautious ahead of G20
  • Tata Motors’ JLR to lay off staff temporarily at UK plant
  • Maharashtra puts land purchase for Saudi Aramco refinery on hold
  • NCLAT asks lenders of Jaypee Infratech to summarize their financial claims
  • Lenders may invite fresh bids for Jhabua power plant sale
  • Telecom Watchdog accuses Vodafone Idea, Airtel of anti-consumer practices; companies say new plans as per rules
  • Emerging cities could attract $29 trillion in climate-cash, says World Bank
  • S&P flags credit-boom risks in China amid trade war
  • Arun Jaitley to present interim budget on February 1
  • MCX’s data link to IGIDR under cloud
  • E-com discounts hit offline sales of consumer durables
  • PSU stocks get hammered ahead of disinvestment
  • Tide turns: FPIs now bullish on Indian debt and equity
  • US jury gives TCS clean chit in racism case

Today’s M & A Deals_Nov 30, 2018

M & A Deals:

  • Asia Climate Partners eyes high returns from food logistics firm’s IPO
  • Asian Development Bank to invest in two India-related PE funds
  • Edelweiss fund ups stake in Future Group company
  • Delhi govt-backed incubator tops up investment in ed-tech startup Perspectico
  • Health foods firm Clinical Nutrition secures angel funding
  • SRI Capital backs camera technology startup DreamVu
  • Morgan Stanley PE leads funding round in Jaipur-based lender Kogta
  • Sensex, Nifty record highest close in 2 months
  • Avantha set to sell agro-chemicals unit; Statkraft eyes IL&FS’ green energy assets
  • Qualcomm bets big on AI with $100 mn fund to invest in startups
  • Tech Mahindra opens digital experience centre in partnership with Cisco
  • Camera technology startup DreamVu gets early-stage funding
  • OYO’s employees to get 2,000 more stock options: Report
  • Workplace discussion app Hush secures fresh funding from Accel, others