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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
- 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
Morning Business News :
- Fed Reserve ‘very, very destructive’ to economy: Trump
- NPAs falling faster than RBI’s estimate: Crisil
- BoB tries vertical structure for operational synergies
- IL&FS may file plea against lenders for 800cr withdrawal
- Plea to act against Indiabulls for misappropriating 98K cr
- Wipro rolls out new solutions for aviation sector
- Trai directs Tata Tele to refund users’ unspent balance
- Govt moves NCLT for 5-year ban on IL&FS Financial Services auditors
- No-frills account holders to get cheque books, allowed zero balance
- BHEL bags three orders worth Rs 520 cr to set up solar plants in Maha, Guj
- Mutual Fund assets rise to Rs 25.43 trn in May, FMPs outflow continues
- Sebi suggests new informant mechanism with rewards to curb insider trading
- Despite oil price volatility, earnings prospects good for ONGC
- Centre planning to integrate MSMEs with big enterprises
- Jaypee Infra insolvency: NBCC’s revised bid may not pass muster with CoC
- Dr Reddy’s Laboratories announces drug to treat plaque psoriasis
- Aditya Birla Fashion Retail to acquire two ethnic wear brands
- The Netherlands woos Indian investors as UK prepares for Brexit
- Eros group says it is taking action to resolve loan payment delays
- DHFL pays ₹45 crore as payment on interest and principal amount for NCDs
- Big data to improve quality of macro-economic aggregates, says government
- TCS overtakes RIL to become most valued firm by m-cap
- Govt seeks firms to advise on PSU land, building monetization
- Reliance to shut crude unit at Jamnagar refinery
- Jaypore to power Aditya Birla Fashion’s presence in ethnic wear market
- India among top destinations for London technology companies, says report
- Rupee pares gains, settles 19 paise lower against US dollar
- MF assets inch closer to Rs 26 lakh crore mark
- ITC ropes in Boman Irani for Savlon
- Hero MotoCorp gets BS-VI certification for Splendor from ICAT
Morning Business News:
- Need to relook at regulation of NBFCs: RBI Governor
- BoB puts accounts worth over Rs 9k cr on block
- SIAM, CII urge govt to follow practical approach on EV
- IL&FS fraud: Whistleblower sought to uncover it in 2017
- ONGC, Vedanta set to win 9 oil, gas blocks each
- G20 takes note of trade wars hurting growth
- India looks to finalise list of 5G spectrum bands for meet
- RIL-BP wins first block under OALP rounds, Oil India, Vedanta bag the most
- DHFL aims to clear all dues by the end of ‘cure period’, rescale business
- Industry blames policies, USFDA probes for 73% drop in pharma FDI
- India is the third-most appealing bond market for FIIs, says study
- GST Council may fix Rs 50 cr turnover limit for e-invoice in June 20 meet
- NITI Aayog’s electric mobility proposal irks India’s auto industry
- WTO reform should not undermine its basic principles, says Piyush Goyal
- Pre-Budget consultations: Finance Minister to meet economists, industry
- BPCL to invest ₹6,877 crore to revamp Mumbai refinery complex
- Reliance Power records loss of ₹3,558 crore in fourth quarter
- Land request for shore-based plant: SAIL gets positive response from Odisha govt
- Coal India to hire merchant bankers for acquiring stakes in Australian coal assets
- Divided G20 admits worsening trade wars pose risk to world economy
- Delay in monsoon pushes rainfall deficiency to 45% in first 9 days of June: IMD
- Developing nations call for balanced approaches in e-commerce, proposed reforms
- Investors cheer as Adani Ports cuts related-party loans, steps up dividends
- MFs reduce exposure to shadow banks by ₹67,000 crore since September
- RBI’s 12 February circular makes a comeback with a dash of humility
- Free flow of data powers higher productivity, innovation but raises challenges as well, says G20
- IMF’s Lagarde urges G20 to prioritise resolving trade tensions
- G20 to wrap up digital tax by 2020 for tech giants reducing their corporate taxes
- Central Bank of India plans to raise Rs 5,000 cr this fiscal to meet Basel III norms
- Power minister positive on achieving 175 GW renewable energy target
- Govt mulls national institute for valuers
Morning Business News:
- ‘Middle East, China drive India’s export growth’
- India to grow at 7.3% in 2019, 7.5% in 2020: G-20 note
- SBI closely monitoring exposure to shadow banks
- ED to widen probe in ICICI Bank-Videocon loan fraud case
- RBI expects government to move on fiscal consolidation
- India software market to touch $6.1 bn in 2019: IDC
- India lost USD 13 bn to trade misinvoicing: Report
- Niti Aayog readies list of over 50 CPSE assets for sale
- RBI removes charges on RTGS/NEFT transactions; banks to pass on benefits
- RBI lowers FY20 growth forecast to 7% over slowdown in investment activity
- States, schemes and disaster management bear cost of fiscal discipline
- India to order taxi aggregators like Uber, Ola to go electric: Report
- RBI to issue revised circular on NPA resolution norms in 3-4 days: Das
- Govt set to upgrade CPI, IIP series in 2020
- Allcargo exits ship-owning business
- IOC, HPCL to contest over Rs 4,000 cr tax demand on sale of ethanol blended petrol
- India notifies tax info exchange pact with Marshall Islands
- RBI raises retail inflation forecast for Q1 FY20 to 3-3.1%
- JSW Steel considering bid for insolvent British Steel
- Decision on next China tariffs on $325 billion imports after G20: Trump
- BS-VI emission norms to be implemented from next year, says Javadekar
- Advent International raises $17.5 billion for ninth global private equity fund
- Creditors can expect 100% recoveries under IBC: IBBI chief
- Skyblue Buildwell acquires 82.6% stake in HomeShop18
- RBI Monetary Policy eased further: Repo rate cut to lowest in nine years as slow economic growth hurts
- Modi needs $190 billion bank cleanup to revive economic growth
- RBI to issue on tap licence guidelines on small finance banks in August
- Fertiliser subsidy: Govt looks to roll out 2nd phase of direct benefit transfer
- Azim Premji to retire as executive chairman of Wipro; son Rishad to take over
- Bankers, finance players hail RBI repo rate cut, hope consumer demand gets a boost
- Investors lose Rs 2.22 lakh cr as equities plunge
- Third-party insurance for cars, 2-wheelers to become costlier
- Minimum leverage ratio set at 3.5 per cent
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
- 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
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
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
- 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
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