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Morning Business News:
- WTO panel rules in India’s favour in case against US
- Government sets up working group to revise WPI
- Govt to go ahead with disinvestment of Air India
- Despite NBFC crisis, NPAs fall to 9.3% in FY19: RBI
- Indian banks have been under-reporting frauds: RBI
- Govt, RBI must work more closely to boost growth: Guv
- Govt may tighten disclosure norms for CSR spending
- SEBI tightens rules for pledged shares, MFs to shield minority shareholders
- Pressure on fiscal front, economy has hit a soft patch, says RBI
- NTPC-Power Grid JV likely to be distribution sector operator
- Axis Bank considers $1.3 billion share sale to expand lending capacity
- Anil Agarwal’s Vedanta sees foreign hand in Sterlite Copper closure
- Modi govt mulls big legislative changes in Essential Commodities Act
- Trump asks India to withdraw tariff hike; calls it unacceptable
- India gets 24% below-average rainfall this week: IMD
- DLF promoters infuse balance₹2,250 crore upon exercise of warrants
- L&T Hydrocarbon Engineering bags twin orders from ONGC
- Cement firms’ profit to look up despite weak demand in Q1
- Tata plans UK’s first industrial-scale carbon capture plant
- BSNL says ‘not received’ DoT direction to put capex plan on hold
- Finance ministry wants EPFO to lower provident fund (PF) interest rates: Report
- Jaguar Land Rover is exploring new high-yield bond sale
- Cement demand to witness single-digit growth in FY20: Report
- Cox & Kings defaults on payments of ₹150 crore
- India-Japan ties to become stronger in ‘New India’: PM Modi tells diaspora
- Indians’ money in Swiss banks falls, hits second-lowest level in two decades
- NMDC invokes termination clause against BHEL for delay in Rs 1,395 crore contract
- PNB fraud case: Swiss authorities freeze four bank accounts of Nirav Modi, sister
- Rupee settles 8 paise higher at 69.07 against US dollar
- By March 2020, banks’ gross NPAs to reduce to 8 per cent
- FSSAI calls for visible labelling of packaged foods
- Adani Ports plans to raise USD 750 million
- Bharat Biotech to manufacture Cholera vaccine
Morning Business News:
- RBI issues norms for interest rate derivatives
- Data related to payments to be stored only in India: RBI
- HSBC issues notice to IL&FS arm seeking its dues
- US-China trade war will shave off global output: Fitch
- DHFL to soon complete full stake sale in 2 subsidiaries
- UCO Bank targets Rs 8,000 crore recovery in FY20
- Proposals to revive BSNL, MTNL being prepared: Prasad
- American investments worth trillions waiting for India, says Pompeo
- India won’t compromise national interest in trade talks with US: Goyal
- Govt can raise Rs 95,000 cr from infra bonds to boost growth: BofA
- ED seizes Rs 9,778-crore assets of Sterling Biotech, promoters in PMLA case
- Valuation gains from non-cigarette businesses likely for ITC’s investors
- NTPC-PGCIL joint venture to focus on improving efficiency of distribution utilities
- Electrosteel to invest ₹5,000 cr to double production capacity
- Adani Power to acquire GMR Chhattisgarh Energy
- ‘Reliance Infra to deliver Rs 7,000-cr Versova-Bandra Sea Link project in 60 months’
- GST audit for small assessees to be desk-based
- PPF and other small savings schemes set for interest rate cut
- SC stays payment of ₹380 crore by IL&FS subsidiary
- CBDT expands areas to be covered by committee writing the new Direct Tax Code
- JM Financial, Suraksha ARC acquire ₹2,000 crore Unitech loans
- Icra cuts long-term debt rating of Piramal Capital, Edelweiss firms by a notch
- FDI in telecom sector down 43 per cent to USD 2.6 billion in 2018-19, says Ravi Shankar Prasad
- Government, RBI closely monitoring rupee exchange rate, says Nirmala Sitharaman
- US aims to restart China trade talks, will not accept conditions on tariff use
- Oil ministry seeks Rs 33,000 crore more for subsidy payout
- Rupee settles 21 paise higher at 69.15 to US dollar
- No shortage of iron ore in country: Mines Minister
- Britannia Industries denies speculation over resignation of its MD Varun Berry
- Inflation pinches much less for expats than average Indian
- Rising exposure of MFI loans per lender worries industry
Morning Business News:
- DHFL defaults again on commercial papers repayment
- Borrowing cost of NBFCs rises despite RBI rate cuts
- Improved infra may boost exports to $1tn in 3 yrs’
- Rupee circulation rises 22% over pre-note ban level
- DoT asks BSNL to put all capex on hold, stop tenders
- Centre plans new RERA online platform for all states
- AbbVie to buy Botox-maker Allergan in $63b deal
- Bank NPAs likely to drop to 8% by March 2020, says CRISIL report
- Govt likely to release draft national retail policy in 10 days: CAIT
- Govt plans common platform for RERA of all states, UTs; move to help buyers
- Govt plans to appoint another joint secretary-rank bureaucrat to Sebi board
- India’s rural mobile phone base slips further, shows Trai report
- Reliance Industries raises $1.85 billion
- PM pitches for corporate investment in agriculture
- India needs to scale up airport infra: Virgin Atlantic
- Lupin gets employees to take ‘ownership’ of quality at its manufacturing plants
- Piramal Enterprises, TPG eyeing exit, says Shriram Capital
- Alembic Pharma gets USFDA nod for influenza infection capsules
- Red Corner Notice issued against 25 economic offenders, says Nirmala Sitharaman
- Govt warns foreign e-commerce firms over steep discounts: Report
- IndiaMART IPO fully subscribed on 2nd day of bidding
- Godrej Properties launches QIP to raise ₹2,100 crore
- India plans to set up 500GW of renewable energy capacity by 2030
- India is cheapest solar energy producer; beats China, UK, US among others
- Govt likely to use Rs 3 lakh crore RBI windfall to pay regular bills
- Housing finance companies asked to raise capital adequacy to 15 %
- L&T acquires controlling stake in Mindtree, reveals report
- Govt, RBI closely monitoring rupee exchange rate: Sitharaman
- Rupee pares gains, settles flat at 69.36 a US dollar
- Export-led growth very critical for good jobs in India: Arvind Panagariya
- Sensex gains 312 points; energy, auto, banking stocks rally
Morning Business News :
- Illicit money outflows average 10% of GDP: Parl panel
- RBI launches new online banking complaints system
- I-T Dept issues 380 notices on undisclosed assets
- Evaluating selling 20% stake in Shriram: Piramal
- Mobile subscriber base rises a tad in April: Trai
- Gem and jewellery industry seeks lower duty on gold
- RBI delays surplus transfer after finance secretary’s objection: Report
- Sebi diktat to book expenses helps MFs pare distribution-related costs
- Centre resolves 615 infrastructure projects worth Rs 22.35 trillion
- Wilful defaulters in nationalised banks up by 60% in five years: Govt
- Viral Acharya unable to continue as deputy governor beyond July 23: RBI
- Sebi to tighten rules for pledged shares by promoter group entities
- Black money stashed outside India is estimated at USD 216-490 bn
- Indian telcos need to invest ₹1 lakh crore in fibre networks : Crisil
- I-T dept issued Rs 64,700-crore refund between April 1-June 18, 2019:
- Chinese banana imports surge to a record high in May
- Future Enterprises plans to raise up to Rs 900 cr via NCDs
- Jet Airways creditors have time till July 4 to submit claims
- TCS hikes stake to 66% in Japanese JV with $32.6 million investment
- Promoters sell 10% stake in Emami for₹1,230 crore, shares down over 7%
- Filling Iran oil gap in India: US supplies outshine Middle East crude
- India, US nearing industrial security pact for defence tech transfers
- Sebi to allow IPOs by tech companies with superior voting right shares
- India’s May oil imports down 11% from April
- Oil prices rise as Middle East tensions simmer
- Hero, Bajaj, TVS say e-mobility transition could undermine Make in India
- JM Financial Fund II buys stake in co-living operator Isthara Parks
- Govt should hike public sector spending; incentivise private cos for new projs: Icra
- Rupee does U-turn, rises 23 paise to 69.35 against US dollar
- RBI panel defers reserves report for fourth time
- Home buyers body want Rs 10,000 cr ‘stress fund’ to complete stalled projects
Morning Business News:
- NCLT admits Jet Airways into bankruptcy process
- DBS revises India GDP forecast for FY20 down to 6.8 pc
- New industrial policy to be announced soon: Prez
- MPC members voted for cut but flagged risks to inflation
- Adding 78,000 petrol pumps is uneconomical: Crisil
- China asks India to take an independent call on Huawei
- 30 new judges appointed in NCLT courts across India
- Moody’s downgrades Tata Motors with negative outlook on JLR worries
- EPFO halts investment in private sector bonds due to NBFC crisis
- Worst growth for India’s corporate bonds in over 10 years fuels concern
- Mining’s share of India’s GDP fell to 1.53% in FY18 from 1.93% in FY13
- Govt identifies 5,106 risky exporters who fraudulently claimed GST refunds
- FSSAI plans to expand notified entry points for food imports
- Recovery of bad debt from steel companies to dip
- GAIL hires LNG carrier from Mitsui
- Jaypee Infratech resolution plan: Creditors await NCLAT hearing
- Cairn Oil & Gas shortlists Lloyd’s Register for developing OALP-1 blocks
- NHPC ties up 2,500-MW thermal power
- Govt to push campaign against black money at faster pace: President Kovind
- Credit, deposit growth loses momentum: RBI data
- L&T to get three board positions at Mindtree
- Oil jumps 3% to $63 as Iran shoots down US drone in Gulf
- Retail, FMCG to add 2.76 lakh new jobs in April-September FY20
- Sebi panel proposes cut in liquid funds’ exposure to NBFCs, HFCs
- Bajaj Holdings buys majority stake in MSL as Maharashtra government exits joint venture
- Nearly one-fourth of India Inc posted losses in FY19
- Government starts crackdown on dummy firms
- Intertrust acquires tech solutions provider Viteos for $330 million
- Centre, states need to pursue labour law reforms: SBI report
- Forex trading platform for retail participants ready for rollout on Aug 5
- Sensex soars 489 points as dovish Fed lifts global markets
- Gold crosses Rs 34,000-mark, at 5-year high in global market
Morning Business News:
- US Fed leaves key rate unchanged, hints at future cuts
- Two former directors of IL&FS arrested by ED: Reports
- HDFC buys 51% in Apollo Munich for Rs 1,347 cr
- Govt plans to exempt EVs from registration fee
- PNB’s recovery of bad loans doubled in FY19
- Trump may use H-1B cap to target India’s data rules
- RBI slaps Rs 10 lakh fine on South Indian Bank
- OVL, partners to invest $20 bn in Mozambique to monetise gas reserves
- Jalan panel report on RBI’s capital size to be finalised by June-end: Das
- NBFCs face $15.8 bn of maturing debt amid cash crunch, credibility crisis
- Aviation to telecom: New accounting norms may alter debt math of companies
- FinMin to rework proposal for Air India sale after considering oil price
- NDTV case: Delhi ITAT upholds long-term capital gains tax on Roys
- PSU drugmaker Hindustan Antibiotics hopes to regain health post ₹250-crore VRS
- Renault India to phase out diesels cars from next year
- L&T bags water supply project contract in Sri Lanka
- BHEL commissions Chhukha hydro project in Bhutan
- Rajesh Exports bags ₹ 942-cr order from Germany
- SAT fines Sebi for 2017 order, calls its approach ‘casual’
- Nirmala Sitharaman discusses liquidity, financial stability with regulators
- Settlement mechanism: Sebi sets grounds for confidentiality to applicants
- India will not allow multi-brand retail by foreign firms, predatory pricing
- IndusInd Bank fixes 4 July as date for merger with Bharat Financial Inclusion
- ArcelorMittal confirms Italian arm raises concern with govt for legal safeguard
- Huawei’s troubles open big opportunity for Nokia, Ericsson
- Tax body seeks extension of GST return filing by four months
- UK Sinha panel on MSMEs submit report to RBI
- US-China economic relationship ‘unbalanced’: USTR
- FM reviews state of economy at FSDC meet
- EAC-PM rejects Subramanian’s claim on over-estimation of GDP
- Rupee up 2 paise to 69.68 vs USD ahead of Fed policy decision
- Amazon opens Telangana’s largest delivery centre in Hyderabad
Morning Business News:
- Claims against RCom swell to Rs 57,382 crore
- Ecommerce cos bat for safety of consumer data
- India says UAE assures supply of oil despite attacks
- Circular economy can generate 1.4 crore jobs: Kant
- Only BS-6 vehicles to be available from next year
- Govt should encourage land leasing, pooling: Report
- New rules to prosecute tax defaulters kick in
- Indian copper smelters feel the pinch as China laps up key ingredient
- Fitch cuts India’s GDP growth forecast to 6.6% for 2019-20 fiscal
- Govt considers selling stake in weak banks, raise funds for rural housing
- HDFC MF takes Rs 500 crore of Essel group exposures on its books
- Steel imports from South Korea and Japan fill up the Chinese gap
- Hindustan Zinc to launch floating solar plant soon
- Hindustan Platinum acquires ABB plant in Puerto Rico
- ‘Reliance Infrastructure looking to pare debts to zero by 2020’
- UAE assures India of oil, LPG supplies
- Wipro Lighting to introduce LiFi-enabled products in 2 months
- Lenders to take Jet Airways to NCLT
- Budget airline IndiGo orders 280 Jet Engines in $20 billion deal
- Financial markets may be underpricing major risks in Fed, G-20 events
- Investor wealth erodes by over ₹2 trillion as stocks plummet
- Reliance Capital sells 10.75% stake in RNAM for ₹1,450 cr
- Pfizer acquires Array Biopharma, valued at $11.4 billion
- Telecom panel approves Rs 3,050 crore penalty on Bharti Airtel, Vodafone Idea
- BPCL’s investment plan for Mozambique gas field gets government’s approval
- India’s commercial realty raked in $2.6 billion cross border investments in Q1 OF 2019
- Summer crop sowing lags on slow monsoon progress; IMD says rainfall to pick up next week
- Rupee logs 3rd straight loss; Indo-US trade tiff weighs
- Investor wealth erodes by over Rs 2 lakh cr as stocks plummet
- Huawei says US ban could wipe $30 billion off revenue
- Piramal Enterprises sells stake in Shriram Transport
Morning Business News :
- BHEL bags 200 MW solar energy orders worth Rs 800 cr
- NBFC crisis to pull down home loan growth: Report
- Trai to determine the unique mobile subscribers base
- UCO Bank declares Yashovardhan Birla wilful defaulter
- FinMin assessing capital needs of PSU banks
- Lakshmi Mittal’s South African subsidiary facing charges
- Sebi likely to rejig mutual fund categorisation norms to curb credit risk
- Cross-border insolvency: Cabinet likely to take up new provisions soon
- RBI joins peers to buy gold insurance as US-China trade war escalates
- Hindustan Copper plans to increase ore production five times by 2025
- Lupin recalls more than 18,000 bottles of antibiotic drug in US market
- India draws up plan to gain from US-China trade war
- India imposes higher customs duty on 28 US products
- Suspect DeMo cash deposits again come under scanner
- GST Council may give 1-year extension to anti-profiteering authority
- Vedanta lost $200 m on Sterlite plant shutdown: Anil Agarwal
- Noose tightens on Swiss account holders; Details of at least 50 Indians shared
- India has wage problem, not job problem: Mohandas Pai
- Niti asked to follow due process for suggesting CPSE assets for monetisation
- Agrochemicals exporters widen their valuation gap vis-à-vis domestic plays
- ONGC to auction over 60 fields to private operators
- Rainfall deficiency hits 43 per cent; monsoon progress likely in the next 2-3 days: IMD
- FPIs remain net buyers in June, invest Rs 11,132 crore
- India can boost exports of 300 products to US, China amid trade war, says report
- Jaypee Infratech lenders moot fresh plan to complete housing projects
- CREDAI seeks bank funding for developers to buy land for affordable housing projects
- Round-tripping still rampant in gold exports
- Steel industry seeks safeguard duty to counter rise in imports
- Start-ups entering listed space via reverse merger
Morning Business News:
- SEBI, MCA probing PWC’s resignation as auditor of RCap, Reliance Home Fin
- RIL, HDFC among Indian cos on Forbes Global 2000 list
- India Inc revenue growth hits six-quarter low in Q4
- RBI to pump in Rs 12,500 crore liquidity on June 20
- Auditors weigh quitting cos with dodgy a/c policies
- Infra sector seeks more capital and tax rebates
- NCLT adjourns hearing on Jet Airways to June 20
- Govt may roll over Rs 62,000 cr in fuel, fertiliser subsidies to FY21
- Telecom panel tells Trai to review recommendations on 5G spectrum sale
- Walmart is expected to pump in $1.2 billion to fund Flipkart’s operations
- Agri input companies post single-digit growth in Q4 on weak Rabi season
- Adani Australia receives final clearance for Carmichael coal mine
- Bharat Dynamics bags Rs 1,188 cr contract from Indian Navy
- NMDC resumes mining at Chhattisgarh
- ‘New RBI circular a breather to power sector, but fails to address core issues’
- Debt default bogey forces SEBI to tighten screws on rating firms
- Jain Irrigation says not defaulted on debt obligation
- India-Taiwan JV 22KYMCO to export electric scooters from India
- Real estate index gains the most as sales volume picks up pace
- N Chandrasekaran hints at more collaboration among Tata group firms
- NHAI invites bids for TOT projects worth₹4,995 crore
- Debit cards continue digital payment dominance
- India cannot stay immune to global impact of the trade war: HSBC’s Quinn
- Piramal-Bain likely to lower maiden India fund target to $750 mn
- Spectrum Auction: DoT asks TRAI to lower reserve price
- Gulf Tensions: Oil prices soar after fresh tanker attacks
- Govt reduces ESI contribution rate to 4 per cent, industry to save Rs 5000 crore annually
- Niti Aayog’s Governing Council to meet on June 15
- UN panel lauds India’s digital initiatives for economic inclusion
- USFDA points out data integrity lapses at Aurobindo Pharma unit
- Govt finds 22 violations by Deloitte and BSR, sees ‘organised crime’
- Ficci for increasing FDI cap in insurance to 74 per cent
- Grant Thornton, affiliates not to take up non-attest work from listed audit clients
- Rupee skids 16 paise to 69.50 vs USD as oil prices shoot up
- India gets USD 42 billion FDI inflows in 2018: UN report
Morning Business News:
- April IIP rises to 6-month high at 3.4%
- Retail inflation spikes to 7-month high of 3.05% in May
- Subramanian’s growth estimates omit productivity: CII
- ATC opposes consolidation of books of Videocon group
- Tata Motors global sales dip 23% in May
- M&As plunge 54 percent in May to $2.8 billion
- DoT may debar BSNL from LWE-II connectivity program
- FDI flows to India grew 6% in 2018: UN report
- Jalan panel defers report on RBI surplus funds after lack of consensus
- Rs 2-trillion bank frauds in 11 years: ICICI Bank, SBI report maximum cases
- Sebi moves SC against NCLT order on IBC overriding regulators’ laws
- Japan to invest Rs 13,000 cr in northeast in infrastructure projects
- UP govt launches fight against shell firms, 317 companies face action
- Indiabulls approaches SC, seeks early hearing in petition against it
- PWC resigns as statutory auditor of Reliance Capital, Reliance Home Finance
- Madras HC allows more parties to join Sterlite case
- Sintex Industries defaults on ₹89-crore payment
- Tata Power Solarrolls out residential rooftop campaign
- Alembic Pharma to raise up to Rs 300 cr via NCDs
- Due to Jio, India is home to world’s 2nd largest internet user base: Report
- Sugar production in India seen sinking to 3-year low on dry weather
- PFC raises $1 billion through international bonds
- KKR to buy publisher Axel Springer for $7.7 billion
- Ford recalls 1.2 million Explorer SUVs for suspension issue
- Food service industry to touch Rs 5.99 lakh cr mark by FY23
- Walmart earmarks $1.2 billion to fund Flipkart’s operations
- Govt to take steps to contain imports of defective or sub-standard steel
- China inflation hits highest level in 15 months
- UK High Court notes broad consistency in India’s evidence against Nirav Modi
- Rupee firms up by 10 paise to 69.34 against US dollar
- IDBI Bank cuts MCLR by 5-10 bps across various tenors
- Ex-CEO of IL&FS arm helped Fitch official buy villa, says probe report
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