Morning Business News Round Up_ Dec 04, 2018

  • Not received any query so far from Sebi: Sun Pharma
  • GSK to buy cancer drugmaker Tesaro for $5.1 billion
  • NCLT asks former directors of IL&FS to disclose assets
  • CCI clears Nippon Steel’s 51% acquisition in Sanyo Steel
  • Navy encashes Reliance’s bank guarantee in vessel deal
  • Govt clears Rs 91,149 crore GST refunds to exporters
  • Government permits export of gold idols with certain conditions
  • HUL, GSK ink Rs 137-bn merger in India’s biggest consumer goods deal
  • Crisil cuts India’s growth forecast to 7.4% on weakening global growth
  • Govt to mop up Rs 90 bn by selling off land, realty assets of Air India
  • Syndicate Bank aims to return to profit in Q4, eyes Rs 8-bn haul from NCLT
  • Sebi brings in confidentiality in settlements, gets tough on defaulters
  • IOC aims to be global refinery tech provider
  • CAD may widen to 3% in September quarter: ICRA
  • India’s advertising expenditure to soar 15% in 2019: Zenith
  • Bajaj Auto November sales grow 25 pecent to 4,06,930 units
  • NMDC cuts iron ore prices by Rs 300 per tonne
  • PVR plans sub-brand to enter smaller towns; may also take over  
  • Sun Pharma shares fall 7.5% after whistleblower email to Sebi
  • EPFO likely to increase proportion of funds to UTI for ETF investment
  • Yes Bank appoints ex-IRDAI chief T.S. Vijayan as independent director
  • Gujarat allows power tariff hikes, in relief to Tata, Adani, Essar
  • Only 19% family businesses have succession plan: Report
  • India registers 10% growth in containerised trade in Q3 2018, says report
  • Over 18.10 lakh registered companies, only 62% active at end of October, says official data
  • China agrees to ‘reduce and remove’ tariffs on US cars, says Donald Trump
  • Relaxed norms to help home finance companies
  • Gujarat allows pass-through of coal cost for Tata, Adani plants
  • RCom inches to spectrum sale to Jio
  • Irdai proposes changes in registration norms for insurance firms

Morning Business News Round Up_ Dec 03, 2018

  • Modi ready with another GST like reform to boost trade
  • Government brings in three think tanks to strategise for RCEP talks
  • China turns down India’s proposal to trade in Re-Yuan
  • Govt forms panel to look at sale of OIL, ONGC fields
  • 362 infra projects show cost overruns of Rs 3.39 lakh cr
  • SBI to sell 3 bad loan accounts to recover dues
  • Finished steel exports fall over 23%; imports up 17% in October
  • Govt to revamp SEZ incentives policy, focus on employment over exports
  • Allow private participation in PSBs to resolve NPA crisis: Subramanian
  • RBI needs a strong balance sheet for independence, credibility: Fitch
  • Proposed acquisition of PFC by REC needs approval of RBI, CCI: Official
  • Yields soften, but companies hold back bond plans over IL&FS overhang
  • I-T dept probing Axis Bank staff for allegedly facilitating benami deals
  • Playing safe, govt may defer rollout of new GST returns system
  • Auto sales skid in November on subdued consumer sentiments
  • IBC outcome encouraging and disposal quite quick: IBBI chief
  • Adani Energy faces State audit after power bills shoot up in Mumbai
  • Allcargo’s Avvashya CCI Logistics to expand overseas
  • US, China finally agree to halt levy of new tariffs for 90 days
  • Indian Oil reduces jet fuel prices to lowest in 7-month
  • SC likely to hear PIL for J&J hip implant patients today
  • Maruti Suzuki domestic sales decline, M&M rise in November
  • Theresa May threatened with vote to bring down govt over Brexit
  • BSNL employee unions decide to defer strike
  • War on black money: Swiss government agrees to share details of 2 Indian firms
  • RBI may cut inflation outlook yet again
  • Fuel prices continue to fall amid reports of deal to cut crude output
  • Vodafone-Idea: Spectrum outgo to stress balance sheet
  • MTNL chief bats for merger with BSNL
  • GSI to provide geological reports of 18 mineral blocks this month
  • MFs lose nearly half the value of Yes Bank holdings
  • Steel companies eye expansion through brownfield route
  • New norms likely to diversify jute industry

Today’s M & A Deals_Dec 01, 2018

M & A Deals :

 

  • Warburg Pincus spins high returns from quick churn in Indian portfolio firm
  • Steadview Capital, Vy Capital lead Series D investment in UrbanClap
  • SAIF Partners strikes gold from another partial sale in local tech firm
  • Japan’s Mitsui, Yamaha make top VC bets on Indian tech startups this week
  • Investors increasingly shying away from startups at pre-revenue stage: Report
  • Sequoia-backed Bounce gets Omidyar as new investor
  • Former Sixth Sense Ventures exec Japan Vyas raising debut fund
  • Angels back online learning startup Career Anna in pre-Series A round
  • Sensex, Nifty clock monthly gains for the first time since August
  • Fairfax may sell stake in ICICI Lombard; Sequoia may back ed-tech firm Eruditus
  • All Out co-founder set to buy dairy-tech startup Mr. Milkman