Month: November 2018

• Delays at NCLT cost banks Rs 4,000 cr: Icra
• Uco Bank seeks Rs 7000 crore capital from the govt
• IL&FS new board to rebid broking arm ISSL
• Competition Commission orders probe against Intel
• Vedanta plans to inject Rs 15,000 cr in Odisha
• IIP data improves in Sep, inflation eases in October
• Kellogg eyeing mega alliance with Haldiram’s
• Oil prices gain over 1% after Saudi Arabia talks of cut in output
• India paid far more in cotton subsidies than WTO’s prescribed 10%, says US
• Unions urge Coal India employees to ignore govt’s share sale offer
• India’s sugar exports hit by falling prices, govt offers transport subsidy
• Britannia Q2 net profit up 16% on brand investments, widening distribution
• NITI Aayog seeks more time tofinalise back-series GDP data
• JNPT to call bids for SEZ on 296 acres
• Jet Airways reports consolidated net loss of Rs 1,261 cr
• India to lease out half of Padur strategic oil storage to ADNOC
• ONGC ordered to pay wharfage compensation to Mumbai Port Trust
• USFDA completes Biocon’s Bengaluru plant inspection
• Govt refuses to yield on Section 7 of RBI Act
• India signs initial pact to lease half of Padur storage to ADNOC
• Germany’s SAP to buy Qualtrics for $8 billion in cash
• Q2 results: Aurobindo Pharma profit falls nearly 22% to Rs611 crore
• Diageo sells Seagram’s VO to Sazerac in $550 million deal
• Netflix to test lower-price plans as it seeks more Asian users
• 19 GW of stressed power assets eligible for SHAKTI-II: Crisil
• Bank of India posts Q2 net loss of Rs 1,156 crore on jump in provisions
• Abu Dhabi oil co hires India’s strategic oil storage
• Whatsapp, Skype, Hike soon to come under regulatory regime; TRAI seeks industry views
• Oil India Q2 profit rises over 33 pc, but misses estimates
• NCLT counsels liquidation of Adhunik as Liberty House defaults on payment date
• Jaitley links minimising bad loans with credit flow
• PE/VC exits till Oct cross yearly highs
• Ruthless competition could cripple telecom, aviation

• Oil short-sellers are back as OPEC takes centrestage
• Tech Mahindra looks at global 5G rollouts as opportunity
• RBI seeks time till Nov 26 to respond to CIC notice
• NBFCs push credit demand by 14.4% to a 5-year high
• Exports: 16 out of 30 sectors in negative zone in Sept
• India contracts 8 lakh tonnes of sugar exports so far
• Disinvestment dept to fix rules for sale of enemy shares
• Usha Martin gets nod from 99.99% shareholders for steel biz sale to Tatas
• Cochin Shipyard on course to execute Rs 150 bn worth projects, says CMD
• FinMin rejigs CPSE ETF, includes NTPC, 3 other PSUs; eyes Rs 80 bn via FPOs
• Steel industry growth hikes India’s coal imports by 8% to 134 mt in Apr-Oct
• Sebi picks Wipro, L&T Infotech among 7 cos for market vigilance activities
• India, Russia banks to discuss rouble-rupee trade today
• ‘SEBI’s decisions are for the benefit of the customer’
• FinMin: RBI ‘must do more’ for financial sector
• Puravankara sales up 23% in first half this fiscal
• Bharti Airtel to pre-pay $1.5 billion debt with Netherlands arm
• RCEP leaders to call for early conclusion of mega-trade pact
• Volkswagen plans entry-level electric car to challenge Tesla
• JPMorgan leads $283 billion Brexit shift to Frankfurt
• Saudi Arabia to cut oil supply amid signs of new glut
• India’s liquidity crisis set to rock RBI board meeting
• Govt weighing sale of 149 ONGC fields to private companies
• Alibaba Singles’ Day in China smashes $25 billion sales record
• GST a monumental reform, hit growth only for 2 quarters: Finance Minister Arun Jaitley
• Arvind Pangariya cautions: Import duty hikes can be counter-productive
• India’s coal imports rise 8 percent to 134 MT in the April-October
• India witnesses over 4.36 lakh cyberattacks from Russia, US, others in January-June: F-Secure
• RCom settles case of alleged failure to inform interest payment default on debentures: Sebi
• RBI’s controls clash with govt’s ‘short-term goals’
• 357 infrastructure projects show cost overruns of over Rs 3.39 lakh crore
• GST compensation to states falls to Rs 11,900 crore in Aug-Sept

Morning Business News :

• 4 public sector banks may come out of PCA shackles
• Demonetisation impact: Bharat going digital for payments
• Govt to open charging stations for individuals to boost EV dream
• Godrej Properties cuts net debt by half in 1 year
• Finance minister Arun Jaitley says Mastercard, Visa losing out to local players
• L&T, Tata Power want a piece of Aarey forest land
• Carmakers slam brakes on output as demand slows
• Falling solar power cost lead to pricing disputes
• Fortis Healthcare CEO Bhavdeep Singh quits
• India’s Essar Steel seeks LNG cargo on GLX trading platform
• Small retailers flocks to ecommerce for buying smartphones and televisions
• Moody’s puts Airtel on ratings downgrade watch
• Trai to meet telco chiefs in December, issue OTT paper next week
• DGCA asks Jet Air, SpiceJet to take action on sensor-related issues with Boeing 737 MAX
• Centre reckons on REC-PFC deal to meet Rs 800-billion divestment target
• Maruti Suzuki paring production amid slowing sales and tepid demand

• Vedanta’s commercial power sales up 19% on electricity demand revival
• Biocon’s Malaysia insulin facility on the path to break even in FY19
• Surge in fuel demand revives global investors’ interest in retail outlets
• IL&FS crisis: Did LIC violate Irdai guidelines while increasing its stake?
• Why does ITC need multiple brands to mark its presence in dairy market?
• Refund Rs 180 mn to homebuyers for not handing over flats: NCDRC to Unitech
• Vedanta’s commercial power sales up 19% on electricity demand revival
• Africa IPO won’t change shareholding of Tanzania unit: Bharti Airtel
• Auto industry will see a roller-coaster ride during BS-VI
• Steel, Commerce Ministries differ on challenging WTO panel ruling
• NCLT orders insolvency proceedings against Empee Distilleries
• This festival season, consumer durables sales surge as online, offline channels kick in strongly
• Tepid Diwali for auto makers on higher oil, interest rates, inflation
• After a selling spree, FIIs make a return to India’s debt market
• Govt pumps Rs 3054 cr into Allahabad Bank
• Manappuram sees borrowing costs rising
• 50 top NBFCs need ₹70,000 crore in November to redeem commercial papers: Crisil
• Adani Gas plans to invest ₹8,000 crore in next 5 years: Pranav Adani

• SBI Q2 profit slumps 40% YoY to Rs 945 cr
• India among 8 nations allowed to buy Iranian oil: US
• ‘Steel sector growth may top GDP numbers’
• RBI slaps Rs 1 crore fine on Fino Payments bank
• NBFCs facing liquidity issues but no ‘crisis’: Srinivas
• Excessive competition can lead to stress: Jaitley
• Patanjali enters apparel space, eyes Rs 1,000 cr
• Tata Group in talks to buy a majority stake in Jet Airways: Report
• Fortis Q2 net loss widens to Rs 1.67 bn; margins improve sequentially
• Essar Steel operational creditors to move NCLT to seek Rs 50 bn of dues
• PNB Housing Fin Q2 profit up 33% to Rs 2.53 bn over high-interest income
• Lupin gets USFDA nod to market generic injection for kidney disease
• Bosch Ltd plans buyback; profit jumps 19% to₹420 cr
• No anti-dumping duty on PTFE resin from India, China: USITC
• Torrent Pharma standalone net profit up 75%
• Power Grid Q2 profit rises 7.8% to ₹2,309.5 crore
• Two years after note ban, digital transactions show robust growth
• Plastics exports jump 31.6% in H1
• RIL’s ₹10,000 crore shopping spree for Reliance Jio, Reliance Retail
• Altico invests ₹650 crore in Renaissance Group’s warehouse project
• Aavishkaar plans to raise $300 million for South Asia fund
• Bharti Airtel’s African safari takes a curious turn
• SoftBank’s Kabir Misra’s fund to buy into Meesho, Acko
• ArcelorMittal’s Essar Steel win spells loss for Gujarat
• Services October PMI at 3-month high; 3 key things to know
• Airtel rolls out ‘alternate e-KYC’ in select circles for new connections
• China’s imports of goods, services to exceed USD 40 trillion in 15 years, says President Xi Jinping
• CPSE ETF: Another round of PSU divestment likely this month; govt looks to raise Rs 8,000 crore
• SFIO may summon IL&FS auditors for questioning to dig out accounting lapses
• Mutual Funds assets surged by 43.44% in last 2 years
• DHFL repays commercial paper worth Rs 1,775 crore
• TCS faces US jury over sacking of American staff

• CIC issues show-cause notice to RBI Governor
• FinMin likely to finalise capital infusion in PSBs
• Adani Trans co to buy KEC’s arm for Rs 227 cr
• Liberty House misses deadline to pay Amtek lenders
• End of NPA cycle near: P. K. Gupta, MD, SBI
• AI’s Rs 29k cr capital debt to be moved to SPV
• Mukesh Ambani sets up Estonian JV for e-governance
• Deloitte, EY in shortlist to revamp online redressal, inspection: Sebi
• AAI, secondary aluminium producers lock horns over import duty hike
• Govt to levy anti-dumping duty on uncoated paper imports from 3 countries
• RBI to set up registry to give authorities ‘360-degree’ data on borrowers
• L&T, BEL among 8 players in fray for advanced CCTVs at 6,000 rly stations
• US removal of trade sops to hit handloom exports
• India, Iran put systems in place to continue crude shipments
• Rupee may touch 76 levels against dollar in next 3 months: UBS
• 75 lakh new tax filers added to IT net this fiscal
• Marico PAT up 18% at Rs 214 crore on improved rural sales
• Decorative paints likely to get costlier in December
• Aircel-Maxis case: NSE chairman Ashok Chawla facing Sebi probe
• SBI puts up 11 NPA accounts for sale to recover Rs1,019 crore dues
• Singapore assessing 2019 GDP growth forecast as US-China trade war risks loom
• Ex-RBI governor Bimal Jalan: Government is ultimately the highest authority
• Bharti Airtel’s African safari takes a curious turn
• Modi government’s selloff push: Sale of 10% stakes in GIC, New India Assurance may fetch Rs 10,000 crore
• Protecting depositors, taxpayers is public interest: RBI to Government
• Trump-Xi trade deal likely to begin rather than end at G-20
• RBI kick-starts process to set up PCR for capturing details of borrowers
• PNB to step up disbursals to MSME, retail sectors
• FPI outflow crosses Rs 1 lakh cr this year
• $34b forex lost in 6 months, but no need to panic
• Modi announces quick loans, relaxation in labour laws for MSMEs

• Cabinet approves ordinance to amend companies law
• India, China to do joint research on WTO reforms
• HC to hear Daiichi’s case to block Fortis deal on Nov 15
• Mobile manufacturing a $230 bn opportunity: Report
• Current economic scenario not like 1991 crisis: Jalan
• Airlines under CCI scanner for alleged airfare fixing
• Telcos for more time to phase out Aadhaar-based e-KYC
• Pollution control authority shuts NCR rice mills
• SBI withdraws insolvency plea against Uttam Galva Steels
• India engaged with US, other stakeholders on Iran oil issue: MEA
• Govt’s 3% share sale in CIL over-subscribed;to fetch Rs50 bn
• Govt delays implementation of retaliatory tariffs on US goods till Dec 17
• Power sector to attract Rs 11.56 trillion investments in five years
• 50 Indian items hit as US scraps duty-free privilege on 90 products’ import
• GST collection exceeds ₹1-lakh crore in Oct
• Rabi crops may face weather risk
• Maruti posts marginal increase in Oct sales at 1,46,766 units
• HCC posts ₹1,525-cr loss for Q2 due to write offs
• Tata Power seeks to triple discom business
• Vedanta imports more alumina than scrap shipped in by recyclers
• HPCL net slips 37% on lower refining margin
• NBFCs seek new funding routes to tide over liquidity crunch
• DLF Q2 profit rises thirty-fold to ₹373.21 crore
• Refund money raised via debentures with 15% interest, Sebi tells Sahara
• Tata Steel claims Bhushan Power lenders and JSW violated NCLAT orders
• HDFC Q2 net profit rises 25% to Rs 2,467 crore
• Hero MotoCorp sales rise 16% to 7,34,668 units in October
• India biggest commitment for AIIB, says official
• GN Bajpai resigns from IL&FS board
• India may impose anti-dumping duty on a chinese chemical
• China having hard time, says US President Donald Trump over trade war
• ArcelorMittal Q3 net income declines 25 percent to USD 0.9 billion
• Manufacturing sector activity rises in Oct on robust order flow: PMI
• RBI buys 13.7 tonnes of gold in Sept quarter
• HDFC Bank is India Inc’s top wealth creator
• Banks take 54% haircut in 52 cases resolved
• Volvo clocks record 40% sales growth in Jan-Oct 2018