Morning Business News Round Up_April 10, 2019

Morning Business News:

  • Government meets FY19 fiscal deficit goal of 3.4%
  • India to grow at 7.3% in 2019 and 7.5% in 2020: IMF
  • Tatas take over Usha Martin’s steel business
  • Current economic atmosphere ‘a delicate moment’: IMF
  • PSEs to stay PSUs even with below 51% govt stake
  • BSNL collects record Rs 6,500 crore in revenue
  • SBI reduces MCLR, home loan rates from April 10
  • Direct tax collection may fall short of Rs 50,000 cr in FY’19: Official
  • US criticises India’s data localisation norms, draft e-commerce policy
  • Trump warns EU of $11-bn tariffs over its subsidies to Boeing rival Airbus

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  • NCLAT may ask Arcelor to deposit Essar bid amount of Rs 42,000 cr on Apr 23
  • New hydropower policy could be last chance for revival of neglected sector
  • CAI trims cotton crop size to 321 lakh bales, lowest since 2009-10
  • I-T Dept looking at IBC resolution cases for possible tax violations
  • Ramco Systems bags new order in Australia, New Zealand
  • Mahindra & Mahindra eyes 50% of tractor revenues from overseas
  • Opto Circuits enters into one time settlement with Yes Bank
  • Power producers outstanding dues on discoms spike 20% to nearly ₹41K cr in Jan
  • Vodafone Idea expects Indus Tower stake sale in 3-4 months for ₹5500 crore
  • Polycab ₹1346 crore IPO subscribed over 50 times on last day
  • Panacea Biotec’s lenders approve one-time settlement of outstanding dues
  • Standard Chartered to pay $1.1 billion for sanctions violations
  • Fitch affirms ‘BBB-‘ rating to Exim Bank, stable outlook
  • ‘No deal’ Brexit risks severe economic shock, IMF warns
  • India highest recipient of remittances at USD 79 billion in 2018: World Bank
  • India probes dumping of ‘aluminium, zinc coated flat products’ from China, Vietnam, Korea
  • Gold falls Rs 235 on muted demand
  • Overhauled oil policy to apply from 4th bid round: DGH
  • Rupee snaps 3-day losing streak; rises 37 paise to 69.30 vs USD
  • Ford may merge India biz in new Mahindra JV