Morning Business News:
- RBI exempts PSUs from bank’s large exposure rules
- Fitch downgrades ICICI Bank rating by a notch
- Bank fraud reached unprecedented levels in 2018-19, reveals RBI
- Panel recommends digital transactions to govt be free
- MCA examining solutions to cut delay under IBC
- Increased power supplies regulate prices: IndRa
- Need to shift to structural deficit: SBI economists
- India’s GDP to exceed $3 trillion; to become 5th largest economy in 2019
- Dip in oil prices, stable rupee indicate signs of growth: Finance Secretary
- India narrowing gap with world leader China on steel sector jobs: Study
- Debt funding in MFIs up 63% to Rs 35,759 cr in FY19, equity rises 42%
- Factory activity shrinks across Asia as US-China trade war escalates
- Agri Ministry projects record rice, wheat output for 2018-19
- SAT’s no order in PW case puts firms, SEBI, auditor in a spot
- NTPC seeks ISA’s endorsement for developing solar projects
- Canada’s CDPQ invests ₹1,244 cr in M&M Benefit Trust
- On ICICI Bank petition, NCLT orders insolvency process against Marg
- TVS Motor total sales falls 0.89% to 3,07,106 units in May
- SoftBank eyes smaller deals, early entry into startups in India revamp
- Government bank earnings provide some good news on bad loans
- India assets buck Asia losses as weaker GDP spurs rate-cut bets
- Fintech adoption grew 64% in 2019; India and China ahead in emerging markets: EY
- Collapsed Jet Airways’ ex-partners, rivals scramble to fill India capacity void
- China manufacturing data suggests some damage from trade war
- India to become 5th largest economy globally this year; 2nd in APAC region by 2025
- India Inc pitches for land and labour reforms to achieve double-digit growth
- Commerce Ministry to hold meet on Jun 6 to discuss ways to boost exports
- RBI monetary policy panel starts discussions on monetary policy review
- Sensex, Nifty close at record highs on rate cut hopes
- Batliboi barred from auditing banks
- Telecom spectrum auction to be held this year: Prasad