- Saudi to slash oil exports by 800,000 barrels per day
- Ashok Leyland bags orders for 2,580 buses
- RBI makes changes to Gold Monetisation Scheme
- Telcos fail to meet quality norms in Jun-Sep 2018
- Govt recommends Maharatna status to Power Grid
- Banks give $900-million idea to Jet to stay afloat
- Telcos for lawful interception of OTT messages
- IndusInd Bank posts 5% growth for Dec quarter due to IL&FS provisioning
- Adani Group may pick 51% lenders’ stake in TN’s power firm Coastal Energen
- Drop in oil, metal prices likely to hurt Nifty50 companies’ Q3 net profit
- Aurangabad, Chennai plants may be sold, not shut: Pfizer tells employees
- Maharashtra cooperative mills seek release of pledged sugar held with PSBs
- India poised to become third-largest consumer market: WEF
- India’s bauxite output growth to accelerate: Fitch
- IOC bullish on producing fuel from CO2 in 3 years
- ABB’s global business rejig will benefit Indian operations
- MCA summons officers, directors of Usha Martin
- Adani Group to develop Data Center Park in Vizag
- Venture capital exits climb to a record $165 billion in 2018
- Interim Budget 2019 on 1 Feb, Jaitley may play poll tune
- Bhushan Steel to raise ₹24,000 crore from Tata Steel
- 30 suitors line up for IL&FS road asset sale
- Essel Group in talks to raise $400 million to refinance debt
- Auto firms say steel import norms will delay manufacturing
- GST will boost India’s economic growth in coming years: India Inc
- Air India stake sale to fetch Rs 7,000 crore; govt eyes disinvestment next fiscal year
- Buy-backs, dividends to government left HAL poorer by Rs 15,500 Crore
- Binani Cement: SC rejects Dalmia Bharat’s review petition
- Shell acquires 26% stake in Hazira LNG
- Asirvad to secure PE funding; aims for IPO, Rs 10,000 crore AUM
- CII for doubling I-T exemption to Rs 5L, hiking 80C deduction limit
- Rs 18,000 crore subsidy in works for stressed gas-based power projects
Month: January 2019
Morning Business News Round Up_Jan 09, 2019
- RBI issues guidelines for card transactions
- Infosys to consider share buyback, special dividend
- Rs 6K cr assets detected under black money law
- No proposal to give more powers to RBI: Govt
- Vedanta to approach TN govt to restart Sterlite plant
- Jalan panel report on RBI reserve likely in April
- CAG favours policy framework for off-budget financing
- Direct tax collection shortfall worry likely to add fiscal deficit woes
- GST, excise, service tax evasion shoots up to Rs 48,555 cr in Apr-Dec
- SC overturns Delhi HC ruling, grants Bt Cotton patent to Monsanto
- NTPC to invest Rs 10,300 cr in greenfield thermal and solar plants in UP
- Booster dose for pharma as Govt okays refund on foreign plant inspection
- Allcargo makes space for Flipkart, Decathlon
- Loans, deposits by Indians in Swiss banks down 34.5% in 2017
- Prabhat Dairy plans to enter animal nutrition business
- Pfizer to exit two more plants in India
- Bengal Chemicals eyes larger presence in e-comm trade
- Tata Steel sales down 10 per cent
- RBI sets up panel under Nandan Nilekani to boost digital payments
- Cabinet gives land to GAIL to set up CNG station in Patna
- Myntra revenue shrunk by 80% to ₹427 crore in FY18
- Mobile wallet transactions decline in November: RBI
- Banks ask Jet Airways to explain its liquidity situation
- Mumbai PPA brings earnings visibility for Tata Power
- RBI cancels registration of 45 NBFCs; West Bengal tops list
- IBM receives 9,100 patents in 2018; India second highest contributor
- Trade talks with China going ‘very well’, says US president Donald Trump
- Gita Gopinath joins IMF as its first female chief economist
- Skies darkening over the global economy, says World Bank
- NMDC to buy back Rs 1k cr shares
- Post-death transfer of demat shares now requires physical documents
- Iran hopes India will seek another waiver from US sanctions
- Iran bank to become channel for rupee/rial dealings
- Shoppers Stop evaluates FDI, e-comm strategy
- Kharif crops sell below MSP; rabi sowing falls
Morning Business News Round Up_Jan 08, 2019
- India to grow at 7.2 per cent in 2018-19: Government
- Bandhan Bank to acquire HDFC-led Gruh Finance
- Banks’ NPA level on the decline: RBI Governor
- Resolve issues over dues by Jan 11: SC to RCom, RJio
- Govt allows ONGC, OIL to induct foreign partner
- Funds to cut equity allocations in 2019: Blackrock
- Trade war ‘certainly’ hurting China economy: US official
- Highway labourer at par with construction worker after new wage norms
- RBI forms committee to look into issues of MSMEs, functioning of banks
- After 3-month gap, HPCL, BPCL to import 1 mn barrels of Iranian oil in Feb
- MF equity assets only 4% of India’s GDP, lags global average of 35%: Report
- Essar Global Fund completes Rs 42,000 cr final debt tranche
- Centre eyes $600-m from Round II of OALP bids
- Corporates set to report lower revenue, profit growth in Q3
- Direct tax mop-up rises 14.1% to Rs 8.74 lakh cr during April-Dec 2018
- Lupin gets USFDA nod for generic schizophrenia drug
- US-based Ecolab sets up global digital centre in Bengaluru
- IL&FS Transportation defaults on dividend payment of Rs 7.12 cr
- HDFC is the biggest winner in Bandhan-Gruh Finance merger
- India takes over operations of part of Chabahar port in Iran
- KPMG special audit finds Reid & Taylor promoters defrauded firm of ₹3,524 crore
- Bitcoin pushes past $4,000 as technical gauge turns positive
- 15 airlines bid for 111 routes in third round of UDAN auction
- Elon Musk lays foundation of USD 7 billion Tesla plant in China
- Jet Airways in talks to defer or reduce payments to vendors as lenders push for revival plan by month-end
- Crude shocker can be rude shocks for economy: RBI economists
- Amazon emerges as most valuable US firm amid market turmoil
- Srei, Norway’s ECN in equipment import pact
- Rs 40,000 cr investment expected in OALP-II bid round
- To improve revenues, BSNL ties up with Eros for web content
- OVL acquisitions fail to augment energy security
- No decision on interim dividend yet: RBI
Morning Business News Round Up_Jan 07, 2019
Morning Business News :
- ONGC to invest Rs 6K cr in drilling 200 wells in Assam
- RCom says Ericsson endangering interest of creditors
- GST panel favours Kerala levying 1% cess for 2 years
- Buildings have to keep 20% parking area for EV charging
- Try diverting gas from non-core sectors to power units’
- MFs add Rs 1.24 lakh crore to asset base in 2018 on SIP flows, strong retail participation
- IT companies eye $80-billion pie as contracts up for renewal in 2019
- Reliance Jio may capture 51% revenue market share in 3 years: Analysts
- Credit growth of private and non-PCA banks surges, says RBI report
- Every $10 per barrel hike in oil price raises CPI by 0.49%, says study
- Apple to hold talks with Indian govt after battering in China market
- NCLT allows removal of a company auditor on government plea
- NSEL scam: 2015 police report gives SEBI fresh ammo against brokers
- Rural economy to get a big boost due to elections: Mistry
- Adani Power sees immediate need to restart capex cycle, says CEO
- BHEL commissions 800 MW supercritical thermal plant in Telangana in record time
- New drug price cap exemptions pitch DoP against health ministry
- Govt to launch second round of oil block auction today
- Indian companies log record $129 billion in M&A deals in 2018
- New drug price cap exemptions pitch DoP against health ministry
- PTC India begins process to find investor for wind energy business
- Nepal writes to RBI to declare banned new Indian currency notes legal
- Dollar slide: Goldman Sachs to bet on weaker US currency
- Corporate Affairs Ministry to collect KYC details of companies, CAs
- Govt, RBI developing new system to collect information on NBFCs
- MFs add Rs 1.24 lakh cr to asset base in 2018
- Cabinet to soon consider framework for monetising assets of CPSEs
- Gems, jewellery exports decline 6.77% in April-November
- GoM fails to agree on new GST registration limit for MSMEs
Morning Business News Round Up_Jan 03, 2019
Morning Business News :
- Oil cos not to recoup losses from subsidy on fuel
- PCA banks to gain from RBI move on MSME bad loans
- Indian textile firms face higher trade barriers in EU, US
- Panel under UK Sinha to suggest measures for MSMEs
- Cabinet approves sops for exporters on select goods
- HDFC plans to raise Rs 45,000 crore via NCDs
- Trai moves SC against TDSAT order on predatory pricing
- Cabinet clears merger of Dena Bank, Vijaya Bank with Bank of Baroda
- Ashok Leyland acquires 27.25% more stake in AAL; shareholding ups 76.25%
- ONGC to reconsider government demand to list exploration subsidiary
- Hetero Group acquires Spain’s Tarbis Farma for an undisclosed sum
- Cash-strapped Jet Airways defaults on debt payment to banks led by SBI
- NCLT Mumbai puts RTIL’s liquidation plans on hold
- Despite all its woes, power sector set for a brighter 2019
- GST Council meet may consider rate rationalisation on housing
- Titagarh sees European operations getting back on the rails
- Self-driving rental firm Zoomcar’s revenues up 31%
- Tata Power will continue supplying power to Mumbai’s BEST for 5 years
- Indian Oil, BPCL, HPCL stop taking margin hit on petrol, diesel sales
- Alcohol firms are the unlikely victims of farm loan waiver
- Syndicate Bank to raise up to Rs 500 crore by issuing shares to staff
- Oil falls towards $53 on economic worries, surging supply
- Govt hasn’t yet asked ONGC to reconsider ONGC Videsh IPO
- NCLAT disposes of contempt plea against Reliance Infratel
- Iran to invest about Rs 1,500 crore to boost capacity of Chennai Petroleum
- Syndicate Bank & SBI Life Insurance sign a bancassurance pact
- Cabinet approves bill to provide statutory recognition to trade unions
- TN govt moves SC against NGT order on Sterlite plant
- India to get data on Swiss banks accounts in 2019
- IGST on gold for export scrapped
- PNB Housing raises $265m through ECB
- Companies, PE firms grab relinquished pharma biz
Morning Business News Round Up_Jan 02, 2019
Morning Business News :
- Exporters look forward to online refund of input tax credit
- Price, not distance, will be the key for crude oil purchases from US
- Tight liquidity, low sentiment slow down auto makers in Dec
- India cuts tax on palm oil imports from Asean nations
- Competition panel approves Resurgent’s acquisition of Prayagraj Power Generation
- MEP Infra ties up ₹568 crore for Thane-Vadape road project
- Worst of the NPA crisis is over, says RBI report
- Urjit Patel wanted to resign months ago, says Narendra Modi
- Financial constraints may slow down nation’s Metro rail story
- Era Infra lenders may seek investors to fund litigation
- Sebi notifies physical delivery of derivatives in phased manner
- Blackstone Group has sent arbitration notice: Gateway Distriparks
- NBFCs still lost deep in the woods, says Uday Kotak
- Government notifies new annual GST return forms
- Fortis extends date to buy assets held by RHT
- Urban Ladder posts 137.60% increase in FY18 revenues
- ITD Cementation to shoulder Rs 7,525-crore AVPPL’s granite woes
- India remains fastest growing economy ahead of China
- Four-fold jump in quantum of money defrauded from banks in 4 yrs: RBI
- MTNL turns to DoT to pay December salary
- 10-yr gilt yields decline on RBI rate cut hopes
- Banks’ bilateral exposure to financial system at 46.5%
Morning Business News Round Up_Jan 01, 2019
Morning Business News :
- NBFCs balance sheet grew 17.2% as of Sep 2018: RBI
- Core sector growth hits 16-month low in November
- Not seeking RBI surplus to meet fiscal deficit: FM
- India’s external debt dips 3.6% to $510 bn in Sept
- HDFC raises lending rates by 0.1 per cent
- Axis Bank MD & CEO Shikha Sharma retires
- Banks’ exposure to financial system at 46.5%: RBI
- RBI report calls for fine-tuning institution scanning after IL&FS crisis
- India exempts rupee payments for Iran oil imports from hefty taxes: Report
- Core sector growth hits 16-month low at 3.5% in Nov due to oil, fertilisers
- Lupin plans expansion, eyes Europe growth via acquisitions and launches
- BHEL bags Rs 3,500 crore order for setting up West Bengal thermal unit
- ₹75-lakh threshold could help over 60 lakh MSMEs escape GST net
- Bearish sentiment weighed on PV segment in second half
- Employees of bankrupt RTIL join hands to revive company
- Toyota Kirloskar Motor sales up 10% in Dec
- Domestic steel consumption to grow by 7% this fiscal, FY20: ICRA
- Tyre sector may grow 7-9% in 5yrs buoyed by demand,lower crude
- Government infuses Rs 10,882 crore capital in four PSU banks
- IL&FS puts commercial, residential properties up for sale
- Kotak misses deadline to cut stake
- RCom, Reliance Jio extend validity of asset sale pact to 28 June
- PPF regains the crown with the best returns
- Lok Sabha passes Indian Medical Council (Amendment) Bill, 2018
- Government extends import restrictions on peas till March 31
- Hyderabad HC sets aside ED order attaching Tech Mahindra’s Rs 822 cr fixed deposits
- Insurance industry goes on tech drive to expand coverage
- Govt seen going full throttle on labour reforms
- New NHAI norms may slow down project awards
- Govt proposes to invest Rs 1,227 cr through EDF
- Provision coverage ratio of PSBs on rise, crosses 66%