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Morning Business News :
- India’s GDP growth seen at 6.7-7.2% in 3rd quarter
- Norway’s $1 trillion fund loaded up on stocks at end of 2018
- BHEL pays 40% interim dividend for FY19
- Govt brings 42 cancer drugs under price control
- Billionaires take $1 tn hit from 2018 mkt meltdown
- Cabinet likely to clear Rs 10,000 crore FAME II scheme
- OnePlus, Qualcomm plan to start 5G trials in India
- National drug pricing regulator fixes retail value of 36 formulations
- Rs 20,000 cr GST evasion detected in April-Feb FY19, half recovered
- Banks oppose RCom’s proposal to use tax refunds to pay Ericsson dues
- Wipro to sell part of its Appirio business to Alight for $110 million
- Airtel, Vodafone-Idea fibre JV a business opportunity for PE funds
- NPPA caps trade margins to 30% for 42 anti-cancer drugs
- IGL adding record number of PNG users this fiscal
- PE deals grew 36% y-o-y in January this year
- BPCL-Kochi Refinery’s second petrochem project to start in 2022
- Panel to overhaul direct tax law seeks 3-months extension
- IOC wins city gas licences for 10 areas; HPCL 9
- Brazil to challenge India’s sugar subsidies in WTO consultation
- SBI reports fraud worth ₹7,951.29 crore in Apr-Dec
- Saudi defiant on oil cuts after Trump tells OPEC to ‘relax’
- Chalet Hotel eyes distressed assets, more hotel brands for expansion
- Sebi plans amending norms pertaining to corporate debt rejig
- India to evaluate Chinese telecom equipment threat after US, Australia boycott Huawei
- Massive interest rate cuts on cards as RBI seen aggressively easing monetary policy
- Adani wins bid to run Thiruvananthapuram airport; Kerala govt moves HC against transfer
- Bank of Baroda puts NPAs worth Rs 6,000 crore on sale, including RCom debt
- Sebi’s not ‘fit and proper’ norm applies to all 300
- Union Cabinet set to clear Rs 10,000 crore electric vehicle scheme
- Domestic cement sector to see modest growth in FY20: report
- India’s economy seen losing momentum ahead of election
Morning Business News :
- April-Jan fiscal deficit at 121.5% of full-year target
- SBI calls lenders’ meeting with Naresh Goyal, Etihad
- India delays levying retaliatory tariff on U.S. goods
- Trai to decide rules for internet calling firms soon
- JM files insolvency case against Hotel Leelaventure
- True North buys 51% stake in Max Bupa from Max India
- After tough times, future is bright for telcos: Mittal
- RBI removes Allahabad Bank, Corp Bank, Dhanlaxmi from PCA framework
- ED attaches Nirav Modi’s properties worth Rs 147 crore in PNB fraud case
- Adani Group emerges highest bidder for Guwahati airport: AAI official
- NBFC crisis: $22 billion already gone, but more dark days likely ahead
- IOC, HPCL win maximum areas under tenth round of city gas bidding
- ArcelorMittal sees major capex risk in Essar Steel acquisition
- India’s growth momentum slowed down in late 2018 : Poll
- Global, national AAA ratings are not comparable: Crisil
- Govt eases import norms for prototype devices
- Mustard crop seen up 19% on higher yield
- BHEL’s claims: NCLAT dismisses Monnet Power’s petition
- E-wallet companies welcome extension in KYC deadline
- Future Group’s too many diversification was a mistake: Kishore Biyani
- Airtel won’t buy 5G spectrum at current prices, says Sunil Mittal
- Copper slips from 8-month high, dwindling stockpiles limit losses
- Vedanta sells down Sterlite copper concentrate stockpiles: Report
- Rating action: DHFL’s debt downgraded by Icra
- Finance ministry asks PSBs to submit asset sale details to ARCs
- Northeast gas grid project likely to get Rs 5k crore from Centre
- Jaypee Infra creditors vote against another forensic audit demand
- Prabhu for extending interest subsidy to more products from chemical sector
- India, Italy discuss ways to promote trade, investments
- Kotak Mahindra Bank raises foreign investment limit
- Sensex ends 240 points lower on rising India-Pak tension
- Iran buys Indian raw sugar for the first time in five-years: sources
Morning Business News :
- Saudi Arabia to make India regional hub for oil supply
- Assured return scheme for NPS subscribers proposed
- REC needs nod from at least 50% lenders for PFC deal
- India to be 2nd-largest 5G market in 10 yrs : Huawei
- 3-4 more banks to come out of RBI’s PCA framework
- Warren Buffett’s firm reports $25 bn Q4 loss
- May postpones vote on Brexit deal until March 12
- GST Council cuts tax on under construction residential houses to 5%
- SBI considers moving NCLT for insolvency proceedings against Jet Airways
- Blackstone, Embassy to launch India’s first real estate investment trust
- Tata Steel, JSW Steel are key beneficiaries of the rise in steel demand
- Raymond revamps supply chain, weighs on digital tools for more efficiency
- Bharti Airtel set to conduct trial of Nokia’s 5G-ready telecom gear
- JNPT SEZ to bid out 300 acres to manufacturing companies
- India’s financial condition looking up, says CII-IBA
- Boards of companies should assert ethical conduct: CII
- 347 infra projects show cost overruns worth over Rs 3.2 lakh cr
- Hindusthan National Glass to raise ₹1,800 crore to pare debt
- Uber in talks to sell India food delivery business
- KKR, BlackRock set to invest in Adnoc pipeline unit
- Afghanistan launches new export route to India through Iran
- Wipro shareholders approve bonus issue, increase in authorised share capital
- Seven of top 10 Indian companies lose₹67,980 crore in m-cap, TCS worst hit
- RIL preparing to list Reliance Retail soon
- US-China talks: Superpowers haggling over currency pact
- Lack of big-ticket deals drive down PE/VC investments in January 2019
- Swiggy in talks to buy Uber Eats India, deal expected to be sealed soon
- Singapore largest FDI source, leaves Mauritius far behind
- PNGRB rejects HPCL review petition on ATF pipeline
- FPIs sell blue-chips, take away Rs 30K crore
- Foreign portfolio investors pull out over Rs 1,900 cr from debt market in Feb
- Unregulated Deposit Ordinance bans only ponzi schemes not regulated deposits
Morning Business News :
- RBI rules out changes in one-day NPA recognition norms
- India jumps 8 places to 36th on International IP Index
- JLR global sales dip 11% in January
- RBI for intense scrutiny on NBFCs, but no AQR likely
- Adani Enterprises Q3 profit slumps 72% to Rs 80 crore
- JLR bleeds Tata Motors with Rs 27K cr loss
- 65,000-km highways worth Rs 5.35 trillion to be built by 2022, says Gadkari
- Irdai asks insurance firms to mitigate risks to prevent IL&FS-type fiascoes
- Exit of BoI, BoM, OBC from PCA framework is credit positive: Moody’s
- Cotton imports to surge by 80% as output hits 9-year low: Report
- BB&T to buy SunTrust for $28 bn in biggest US bank deal since 2009 crisis
- Gems, jewellery exports decline 8.5% in Apr-Dec 2018
- Bajaj Electricals Q3 net jumps 73% to ₹ 64 cr
- Coal India to procure mining equipment worth ₹ 7,000 cr
- CAI lowers cotton crop estimate further to 330 lakh bales
- RBI cuts repo rate by 25 basis points, changes policy stance to neutral
- Fortis denies violating order on sale of controlling stake to IHH Healthcare
- Govt has the right to demand interim dividend: RBI Governor
- MRF Q3 profit skids 18% to ₹279 crore
- RBI doubles limit, banks to treat ₹2 crore and more as bulk deposits
- ICICI Bank-Videocon loan case: RBI says law will take its own course
- RBI permits cos participating in insolvency process to tap ECB route
- Govt to set up unified authority for regulating financial services in IFSCs
- Debt ETF may have G-Secs in portfolio
Morning Business News :
- RBI board meeting deferred to February 18
- New broadcasting regime to cut tariff by 15%: Trai
- Dalmia-OCL announces its first overseas acquisition
- Trump seeks to expand power to impose reciprocal tariffs
- Essel open to selling over 50% stake in ZEEL
- Banks need Rs 20L cr deposits for loan growth: Report
- Lupin reports Rs 152 crore Q3 loss; sales rise 12%
- PNB aims to recover Rs 10,000 crore from bad loans in March quarter
- Cabinet approves amendments to bill to check unregulated deposit schemes
- 673,000 unsold homes hold the key to India’s next shadow-banking crisis
- Sebi, exchanges in a huddle after sharp slide in stock prices of companies
- Siemens posts 19.7% rise in Oct-Dec quarter at Rs 228 cr on higher revenues
- Greater efforts will be needed to reduce fiscal deficit: IMF
- GAIL cancels ₹166-cr contract with IL&FS
- BSE commences commodity derivatives trading in and Guargum
- Steel firms meet government officials to seek rise in import duty: sources
- Huge potential exists in India-Africa trade: Commerce secretary
- US banks win $21 billion Trump tax windfall then cut staff, loaned less
- Fitch places Tata Motors on ‘rating watch negative’ over Brexit risks for JLR
- RBI changes release time of monetary policy statement
- Muthoot Finance Q3 net profit flat at Rs 485 crore
- Trai slams CRISIL on new cable, DTH tariff regime
- Adani Power loss narrows 10% to Rs 1,181 crore in Q3
- Essar Steel operational creditor moves SC against NCLAT order
- Coal India dispatches fall for second straight month in January
- Cipla Q3 net dips 20 per cent to Rs 322 crore
- Vodafone Idea posts Rs 5,005-crore loss
- Adani Ports consolidated net up 42 per cent
- Essel open to selling over 50 per cent stake
Morning Business News :
- 5L cr stressed corp loans yet to be tagged as NPAs
- RBI slaps penalties on Axis, UCO and Syndicate Bank
- Zee, IL&FS exemplify poor corporate governance’
- India among nations to benefit from US-China trade war
- ED okays restoration of Mallya’s properties to banks
- Govt expects Rs 69,000 cr dividend from RBI in FY20
- Fitch puts ratings of Jaguar Land Rover under review citing Brexit
- Realty, construction, power may spell more trouble to banks: India Ratings
- Centre hopes to mop up Rs 4.4 trillion from cess and surcharges in FY20
- Fraud-hit PNB bounces back into black with Rs 246-crore profit in Q3
- Irdai permits testing of products under regulatory sandbox approach
- Moody’s downgrades Bharti Airtel rating to Ba1 over cash-flow situation
- LIC, JNPT submits bid for buying iconic Air India tower in Mumbai
- India-US commercial dialogue, CEO Forum to be held on Feb 14
- Exports will touch record high of $325 b this fiscal: Wadhawan
- Jubilant seeks royalty for brand use by group cos
- Tata Global Beverages’ profit down by 35% per cent in Q3
- Hit by falling crude prices, HPCL reports 87% fall in net profit to₹247.5 crore
- Banks may see fresh NPAs of up to ₹2 trillion over next one year
- IDFC First Bank posts net loss of ₹1,538 cr in Dec quarter
- Ericsson moves contempt plea against RCom in apex court
- PMO holds meeting to speed up strategic sale of PSUs
- Tata Chemicals Q3 profit declines 71% to₹219.48 crore
- CCI approves PFC’s acquisition of 52% stake in REC
- Sebi comes out with rules to review performance of public interest directors
- Vijay Mallya prepares for lengthy appeal against UK govt’s extradition order
- US-China tariff hike would trigger downturn, trade diversion: UN
- GAIL reports 14.35% sequential decline in Q3 net at Rs 1,681.23 crore
- NTPC inks Rs 2,500 cr loan pact with HDFC Bank
- Consultations begin on drafting e-comm policy
- Ericsson asked to file objection by Friday
- Governance standards improving in corporate India
- Vedanta Resources rating downgraded to Negative
- No incidents of security breach reported, says SBI chief
Morning Business News :
- SBI, other performing PSBs may see stake sale
- CERC pushes for 100% power sale in spot market
- IDBI may now become LIC IDBI Bank or LIC Bank
- TDSAT exempts RCom from one-time spectrum charge
- India’s exports to surpass USD 314 bn peak this year
- Tata’s plea to bid for Bhushan Steel struck down
- RCom goes to NCLT to speed up Jio deal, hopes move will expedite DoT nod
- Fugitive tycoon Vijay Mallya’s extradition to India approved by UK minister
- Zee group’s Subhash Chandra gives personal guarantee to mutual funds
- NCLAT asks govt for list of IL&FS firms categorised by financial position
- Setback for Tata Steel as NCLAT upholds creditors decision on Bhushan Power
- Sugar mills want Centre to hike ex-mill price to help clear arrears
- Fiscal deficit for April-December at 112% of FY19 Budget Estimate
- Govt to begin process to monetise assets of CPSEs from April
- Anti-dumping duty imposed on ‘fluoroelastomers’ from China
- JSW Steel’s bid for Bhushan Power upheld
- SRF posts a 26% jump in consolidated net
- ONGC Videsh looks to pare stake in one of its costliest acquisitions
- RBI to announce policy before noon on 7 February
- Ruia, Essar Steel directors move NCLT to squash Mittal’s bid
- UPL open to buy back TPG Cap, ADIA stakes in Arysta
- Amfi’s MF campaign may turn focus on debt funds: Nimesh Shah
- IndoStar to buy IIFL’s CV financing business
- Rating agencies downgrade various loan facilities of DHFL
- Jet Airways debt resolution plan outline is ready
- Aditya Birla Fashion Q3 net up 100% to Rs 70 crore
- TPG Growth set to invest $30 million in Solara Active
- Coal India approves share owner buyback worth Rs 1,050 crore
- Governance standards improving in corporate India
- Essel promoters sell shares worth over Rs 1,050 cr in 6 firms
- Tribunal sets Feb 11 deadline to decide on Arcelor-Essar bid
- Vedanta Resources rating downgraded to Negative
- FPIs pull out Rs 5,300 cr from capital markets in Jan
Morning Business News :
- Sebi cracks the whip against Zee
- Oil PSU capex drops to 4-yr low for 2019-20
- DHFL mess may trigger second wave of risk aversion in debt funds
- RBI MPC may change policy stance to neutral: Experts
- FM Piyush Goyal to address RBI board on Feb 9
- 35 CPSEs lined up for sale, DIPAM expediting process
- RCom lays out debt resolution plan
- Naresh Goyal to infuse around Rs 250 crore into debt-ridden Jet Airways
- Govt proposes national gold spot exchange, seeks to organise trade
- IndusInd Bank plans to foray into MF, insurance, stock-broking segments
- Tata Tele offers to surrender spectrum without auction, awaits merger
- Blackstone to infuse Rs 800-crore fresh equity in Aadhar Housing Finance
- Oil PSU capex drops to 4-year low for 2019-20
- Construction equipment sector growth slows down to 10 per cent
- Debt exchange-traded fund to be launched next fiscal
- Difficult for govt to maintain 3.4% fiscal deficit in FY’20: Moody’s
- HSIL records ₹25.5 cr net profit in Q3
- Essel Group lenders give time till Sepember 30 for debt resolution
- Rising revenue trend prompts govt to peg 18% rise in FY20 GST collections: Secy
- OMCs seek waiver extension for Iran oil
- ONGC Videsh Limited to stay the course in crisis-hit Venezuela
- Jindal Steel reports narrower quarterly loss
- Evaluating changes in FDI rules to avoid ‘unintended consequences’: Amazon
- 25% of network integration complete across India: Vodafone-Idea
- Timeline for LIC to reduce stake in IDBI Bank depends on business model: IRDAI
- Investment in 17 entities under shipping ministry hiked to Rs 5,778 cr for FY 2020
- As Anil Ambani’s RCom files for insolvency, DoT likely to take a hit
- FPIs pull out Rs 5,300 cr from capital markets in Jan
- Digitization of MSME to become a $10 billion market
- Chanda Kochhar may have to forfeit Padma Bhushan
- Fiscal deficit deviation is not worthy of notice: Garg
Morning Business News :
- GST collections cross Rs 1 lakh cr in January
- Oil India gets Sebi exemption from buyback norms
- NCLT allows govt to add 19 new names in PNB scam
- Airtel loses 5.7 cr mobile customers in Dec 2018
- Ola losses narrow to Rs 2,842 crore for FY18
- Stake sale in SE Asia business will improve Tata Steel’s leverage profile: Fitch
- India’s core sector growth falls to 18-month low of 2.6% in December
- Govt refuses to extend February 1 deadline for new e-commerce FDI rules
- Unemployment rate at four-decade high of 6.1% in 2017-18: NSSO survey
- RBI removes BoI, BoM, OBC from Prompt Corrective Action framework
- IRDAI asks insurers to provide for IL&FS exposure, wants mis-selling curbed
- Domestic mining firms to gain as internationaliron ore prices surge
- Chalet Hotels IPO gets almost nil response from retail investors
- CPI inflation for industrial workers rises to 5.24% in December
- Higher cost, lower realisation pull Vedanta’s net down 21%
- NMDC net up 78% at ₹1,577 cr
- Lower logistics cost to help boost exports by 5-8%: FIEO
- Escorts chalks out ₹400-cr capex for expansion, JVs
- GDP growth rate for 2017-18 revised upwards to 7.2%
- China appeals to US to accept its technology progress
- Hero MotoCorp quarterly profit slips on higher expenses
- Bharti Airtel Q3 net profit falls 71.8% to₹86.2 crore
- Bank of India, Bank of Maharashtra out of RBI’s corrective action list
- Govt approves 4 lakh houses under PMAY(U)
- Sebi-Sahara case: Supreme Court summons Subrata Roy on February 28
- Govt floats tender to tie up 2.5 GW PPAs with stranded plants
- Power Grid Corp Q3 profit rises 14.2% to Rs 2,368 crore
- Dabur India Q3 profit increases 10% to Rs 367 crore driven by higher net sales
- Dena Bank Q3 loss narrows as provisions decreases
- Central bank gold buying at highest level since 1970s
- Thermax opens new factory to make chillers, heat pumps
- Limited awareness among SMEs restricts growth of online lending platforms
- H-1B rule change keeps qualification in, talent out
- Chalet Hotels IPO gets almost nil response from retail investors
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