Morning Business News Round Up_June 06, 2019

Morning Business News:

  • Crisil slashes DHFL CP rating to ‘default’
  • RBI may ease up on timelines for stressed assets
  • No iron ore scarcity in country post 2020: PMAI
  • Prasad to expedite telecom connectivity programs
  • FDI in services sector up 37 pc to $9.15 bn in 2018-19
  • IL&FS fire could singe many audit cos in India
  • Services sector activity growth slips to 12-month low
  • Tech Mahindra to reduce greenhouse gas emissions
  • US-China trade war, fragile prices hurt metal sector performance

Image result for ICICI

  • Gadkari promises Rs 15 trillion highway spending, revival of IL&FS projects
  • Fitch downgrades ICICI Bank rating from BBB- to BB+ amid banking distress
  • DHFL-exposed MF schemes suffer 30-50% drop in NAVs, Icra data shows
  • ACC, Ambuja steadily losing market share on reluctance to diversify
  • Heavy Industry Dept invites EoI for 5,000 electric buses
  • Govt to consider fixing nutrient-based subsidy rate for urea
  • Govt may announce infusion of ₹4,000 cr in PSU non-life firms in Budget
  • NTPC may set up solar power project without signing a power purchase pact
  • JSW Steel to increase capacity of Vijayanagar plant after 2020
  • Coal India lines up ₹ 10,000 cr capex to boost output
  • Government sets the ball rolling to create more jobs and attract investments
  • World trade seen having worst year since 2009 as spat worsens
  • Resolving trade tensions ‘immediate priority’ for G20, says IMF’s Lagarde
  • Liquid funds may have to invest a fixed portion of assets in govt securities
  • Wipro to acquire US-based ITI for around₹312 crore
  • Govt underpaid food subsidy bill by ₹69,394 crore in FY19
  • Dighi Port chairman Vijay Kalantri under the scanner, Bank of Baroda declares him as ‘wilful defaulter’
  • International Finance Corporation bets on insurance market, backs this startup
  • IMF slightly lowers China’s 2019 GDP growth forecast to 6.2%
  • US decision to withdraw GSP benefits violates global trade rules: Experts
  • Rs 11.79 lakh cr Indian tobacco sector employs 4.5 cr people: Study
  • Nirmala Sitharaman to attend G-20 Finance Ministers’ meeting in Japan
  • Manipal Group to have 51 per cent stake in Cigna TTK