Morning Business News Round Up_June 25, 2019

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

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  • 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