Morning Business News Round Up_April 22, 2019

Morning Business News:

  • Higher import duty sought on China leather, footwear
  • Adani Group bags several projects across sectors
  • HPCL continues not to recognise ONGC as promoter
  • TCS modernises 1.5 lakh post offices with India Post
  • Jan Dhan deposits inching towards Rs 1 lakh cr mark
  • Kazak seeks BSE help for startups, international exchange
  • NCLT rejects ArcelorMittal’s plea for EPC re-vote
  • No takers for Pawan Hans; govt’s divestment plan fails for second time
  • Insurance firms hike rates after GIC Re changes policy on fire risk pricing
  • Jet crisis: From SBI to IOB, PSBs to be hit hardest if there’s no buyer
  • Steel industry to keep utilisation levels high in lean monsoon period

Image result for Hyundai

  • Bahrain’s Gulf International Bank establishes Saudi arm with $2 bn capital
  • Air India Express mulls leasing some Jet Airways’ Boeing 737s
  • Centre extends deadline for GST sales return for March until April 23
  • L&T MBDA seeks approval for SEZ unit to assemble missile sub-systems
  • Jet’s gross debt likely to add up to₹11,261 cr
  • 205 railway projects report cost overrun of Rs 2.21 lakh cr
  • Adani Enterprises arm acquires Alpha Design Technologies
  • FinMin set to issue policy norms for fintech sector
  • Tatas may be waiting in the wings to buy Jet Airways
  • Reliance Jio’s  falling  Arpu  may be good news for sector
  • Saudi Aramco to buy Shell’s stake in Saudi refining JV for $631 million
  • Asset valuation is biggest concern for institutional investors in 2019: Report
  • Canada’s Brookfield looks to acquire Mytrah Energy
  • Rise of omnichannel strategy to slow down growth of online retailers
  • Infosys, Cognizant ramp up security in the wake of Wipro data breach
  • RBI says no direction issued for 5-day working in commercial banks
  • Once A-rated at S&P, struggling Oman economy risks further cut in ratings
  • Finance Ministry asks CPSEs to prepare list of non-core assets, initiate talks with potential investors
  • Hyundai mulls options for sourcing EV components in India
  • Basmati rice exporter GRM to enter domestic market; to invest Rs 50 crore
  • IndiaMart expects 29 pc CAGR revenue growth in next 2 yrs
  • Job creation trebles in Feb at 8.61 lakh, according to EPFO payroll data
  • India is not a tariff king, has right to protect specific sectors under WTO: Experts
  • Not involved in any cash payment arrangement to Venezuela’s PDVSA for oil: RIL