Morning Business News Round Up_May 10, 2019

Morning Business News:

  • Reliance acquires iconic British toy brand Hamleys
  • India seeks greater access for farm products in China
  • Realty firms can opt for old GST rate till May 20
  • India urges UK to tweak tax rules for professionals
  • Tata Motors denies reports of sale of Jaguar Land Rover
  • RCom’s bankruptcy begins; next hearing on May 30
  • Coal India to increase auction offering by 14% in FY20
  • L&T acquires additional 2% stake in Mindtree; takes total holding to 26%
  • Sebi initiates proceedings against Icra over rating given to client

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  • Promoter stake in McLeod Russel dips as ABFL sells pledged shares
  • HDFC puts Jet’s Mumbai office space for sale to recover Rs 414 cr
  • UP sugar mills risk Rs 500 cr loss as regulator cuts power tariffs
  • Maruti Suzuki cuts production by around 10% in April
  • Sundram Fasteners Q4 standalone net up 15% to Rs109.54 cr
  • Tata Steel to sell 19% stake in Oman mining arm
  • Granules India Q4 profit zooms over 3-fold to Rs 64 cr
  • Voltas consolidated net falls 27% to ₹ 141.75 cr in March quarter
  • Asian Paints Q4 net slips to Rs 487.50 cr
  • Oil dips as US-China trade worries outweigh supply disruptions
  • PNB Housing Finance profit up 51% at ₹380 crore
  • Indian Overseas Bank Q4 loss narrows to₹1,985 crore
  • Inflows into equity mutual funds slump 61% in April
  • US-China trade gap shrank in March to smallest since 2016
  • MCA may refer Jet Airways to SFIO for fund diversion probe
  • McDonald’s strikes out-of-court settlement with Vikram Bakshi
  • India may export 10-11 million tonnes iron ore pallets to China this year, say traders
  • Dubious firms in MCA-21: Govt says no impact on GDP numbers
  • Gold rises for second day on positive overseas trend
  • India Ratings downgrades Yes Bank with negative outlook
  • Vodafone pledges entire stake in Vodafone Idea with foreign banks
  • E-purchase of jewellery up 38 per cent this time