Morning Business News Round Up_April 30, 2019

Morning Business News:  

  • PSBs’ merger: PNB, Union Bank & BoI may get a call
  • Companies face queries over input tax credit claims
  • IDBI seeks nod to extend Jaypee resolution deadline
  • Tribunal adjourns SBI’s case against Ruias till May 15
  • Some employees want to bid for Jet, write to SBI
  • Macquarie double-downgrades YES Bank, cuts target price by 40%
  • Debt-ridden Reliance Capital ready to cede control in home finance
  • Foreign retail investors, NRIs allowed to invest in GIFT City bourses
  • India notifies pact with US for exchange of reports on tax evasion by MNCs

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  • PNB takes Tarapur Textiles Park to DRT for $13-million loan default
  • Volkswagen India to merge 3 companies to save cost and boost sales
  • US sanctions on Iran, rise in crude oil prices stoke inflation fears
  • Garden Reach bags ₹6,311-cr order to build 8 ASW water craft
  • Petronet plans floating LNG terminal off Andaman Islands
  • Aurobindo Pharma gets eco nod for AP plant expansion
  • IBBI gives defaulting promoters a last chance
  • Wipro Consumer Care acquires Splash Corp of the Philippines
  • HDFC Life outperforms peers, SBI Life gives tough fight on valuations
  • Interest earned on EPF balance post retirement is taxable
  • Bank of Maharashtra returns to profitability on better asset quality
  • Jan-Mar PE investment deal value touches $8,451 mn: report
  • Vijay Mallya repeats offer of 100% payback for Indian banks
  • Zomato to invest around ₹56 crore to set up 20 more warehouses
  • Despite challenges, steel industry fares well in FY 19
  • TDSAT reserves order on Bharti plea against DoT demand
  • ONGC readies investment plan for Kutch offshore
  • Vistara to lease six of Jet Airways’ grounded Boeing aircraft
  • FRP default: Maharashtra likely to issue notices to nine sugar mills
  • US consumer spending roars back
  • Oil falls after Trump-OPEC plan to offset Iran sanctions
  • India notifies pact with US to check tax evasion by MNCs
  • India, Peru to hold next round of FTA negotiations in August
  • Housing sales down 5 per cent in Q4