Morning Business News Round Up_June 12, 2019

Morning Business News :

  • CII chief Vikram Kirloskar calls for tax cut on equities
  • Fund transfers via RTGS, NEFT to cost less from July 1
  • RBI’s norms to give more headroom to lenders: Report
  • Govt defends growth data, says followed global practices
  • RIL, BP to develop deepest gas find in KG-D6 block
  • Bring down corporate tax to 18 pc sans exemptions: CII
  • Excess RBI capital must be used to recap PSBs: Report
  • At Rs 40,000 cr, DoT seeks 6% rise in budget to boost rural connectivity
  • Crisis-hit DHFL makes Rs 962 cr payment towards non-convertible debentures
  • EU anti-trust authority blocks Thyssenkrupp-Tata steel merger plan
  • UK unemployment rate at 3.8%, lowest in 45 yrs despite Brexit, slow growth

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  • Blackstone buys majority stake in Aadhar Housing Finance for Rs 2,200 crore
  • New labour legislation to merge 44 laws under 4 groups
  • Govt looking at tariff, non-tariff measures to reduce steel imports
  • India’s GDP growth overestimated by 2.5%, says former CEA Arvind Subramanian
  • Yes Bank reduces stake in Fortis Healthcare by two per cent
  • JSW Steel’s crude steel output grows 4% at 14.53 LT in May
  • BHEL bags Rs 440 cr order from NPCIL
  • MFs reduce exposure to shadow banks by₹67,000 crore since September
  • BoB puts Bhushan Power, 66 others accounts on block as NCLT process gets delayed
  • Investors cheer as Adani Ports cuts related-party loans, steps up dividends
  • WTO reform process should not undermine its basic principles: Piyush Goyal
  • Moody’s places Yes Bank’s ratings under review for downgrade
  • RBI’s bad loan norms to give more room to lenders to resolve big ticket NPAs
  • Reliance to develop deepest gas discovery in KG-D6 block by 2022 jointly with BP
  • Dip in tax revenue from revised estimate sharpest in 15 years
  • Anil Ambani says Reliance-ADAG has serviced debt over Rs 35,000 crore
  • Rupee recovers 21 paise against US dollar
  • Auto component industry seeks stable road map for EV transition
  • Moody’s puts Yes Bank under rating review
  • Auto cos seek support as sales see sharpest decline in 18 yrs
  • Indiabulls denies fund diversion charges