Morning Business News Round Up_June 03, 2019

Morning Business News:

  • DoT may auction 4G, 5G spectrum by October
  • Trump urges Britain to go for no-deal Brexit
  • China says war with US would be a disaster
  • CIL’s output falls 1.1%, off-take 1.4% in May
  • ‘World airline industry to post $28 bn profit in 2019’
  • TPDDL claims Rs 7 cr dues from NDMC, DSIIDC
  • Hero MotoCorp May sales up 13.5% to over 6.5L units
  • Bharti Infratel, Indus Towers merger gets NCLT nod
  • Reliance Industries resumes lobbying in US power corridors, hires new firm

Image result for ONGC

  • ONGC overtakes IOC as most profitable PSU after profits jump by 34% in FY19
  • Hyundai’s domestic sales hit slow lane in May; decline 5.6% to 42,502 units
  • Planning to raise Rs 11,900 cr in FY20 through share sale: Bank of Baroda
  • India plays down Trump decision to remove US trade privileges
  • Govt committed to take new reform initiatives, says NITI chief
  • Tata Steel completes acquisition of Bhushan Energy
  • Tata Motors domestic sales decline 26% to 40,155 units in May
  • BEL eyes space electronics as next growth area
  • Maruti reports 22% drop in May sales at 1,34,641 units
  • Mahindra & Mahindra sales drop 3 per cent to 45,421 units in May
  • Earnings of Indian firms decline for the first time in six quarters
  • Glenmark’s sticky debt and moderate US growth is making investors edgy
  • Swiss bank accounts: Notices to Indian clients continue
  • RBI likely to cut repo rate by 25bps on weak growth, soft inflation
  • Distressed debt funds out of favour in 2019, shows report
  • Sebi wants 10% mandatory deposit before appeals at SAT against its orders
  • BBNL eyes taking over operations, maintenance work of BharatNet infra
  • Reliance restarts lobbying with US lawmakers; ropes in new lobbyist
  • Morgan Stanley warns of recession within a year
  • Demand slowdown drives 5.32% fall in gems and jewellery exports in FY19
  • GST collections in May at Rs 1 lakh crore
  • FPIs remain buyers for fourth consecutive month; infuse Rs 9,031 cr in May
  • GSK Consumers Healthcare gets shareholders’ approval for merger with HUL
  • Removal of trade status will not hinder economic ties with US, says India
  • SFIO may attach assets of IL&FS honchos, auditors
  • Inventory levels still high with dealers