Morning Business News Round Up_Jan 24, 2019

Morning Business News :

  • TCS 3rd most-valued IT services brand globally: Report
  • Govt to spend 6.5% more on food subsidies in FY 20
  • Govt may relax sourcing norms for single-brand retailers
  • SBI’s plan to sale Essar Steel loans face uncertainty
  • Foreign firms can now open offices without RBI nod
  • Voda Idea board clears Rs 25,000 cr rights issue
  • Sebi provides clarity on norms for depository participants
  • ITC posts net profit of Rs 3210 cr, the highest in last 17 qtr
  • Sebi directs commodity exchanges to align trading and delivery lot sizes

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  • Secondary steel producers to play big role for 300 mn tonne industry
  • India needs $80-bn investments in next 5 years for grid transmission infra
  • Investment through P-notes rises to Rs 79,513 cr till December-end
  • Adani, IOC top investors on Day-1 of Tamil Nadu Global Investors Meet
  • Provide ease of doing business for small traders: CAIT
  • Cabinet clears $400-m standby swap facility for SAARC nations
  • NMPT targets 44 mt of cargo handling in 2018-19
  • HAL to outsource ALH to domestic private sector company
  • TN targets defence, aerospace investments of $10 billion
  • Piyush Goyal given interim charge of finance till Arun Jaitley resumes
  • United Spirits Q3 profit up 43% on demand for premium brand
  • Sebi orders release of Alchemist Infra’s demat account
  • India cuts coffee output estimate by 16% as heavy rains trim yield
  • Moody’s upgrades IDBI Bank rating on improved solvency
  • RCom posts loss of Rs 341 crore in December 2018 quarter
  • India, China affecting world economy much more today: Angela Merkel
  • India’s industrial activity likely to remain subdued in near term: Report
  • India’s GDP growth may improve to 7.3% in FY20, says Crisil
  • Bank of Maharashtra Q3 net loss widens 7-fold to Rs 3,764 crore
  • Retail sector investments double to Rs 1,300 crore in 2018
  • Brokerages hopeful of govt meeting FY19 disinvestment target
  • SBI chief to seek open offer exemption for Etihad