Morning Business News Round Up_Feb 28, 2019

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

Image result for 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