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Morning Business News:
- CCD crisis: PE players, independent directors come under Sebi lens
- India received FDI worth USD 64.37 billion in FY19
- DoT working on a proposal for MTNL, BSNL merger
- Trump urges Fed to make large rate cut as policymakers meet
- CCD case: I-T sources doubt the authenticity of the note
- GST compliance regime not yet simple says CAG
- Axis Bank reports 95% YoY rise in PAT at Rs 1,370 cr; provisions rise QoQ
- Vedanta to export over 50% of aluminum as India increases imports
- Lok Sabha passes Wage Code Bill to ensure a minimum wage for workers
- Govt likely to roll back MEIS incentive as part of the new export-import policy
- Rajiv Kumar appointed Finance Secretary after Subhash Garg’s exit
- NCLAT agrees to hear IL&FS auditors appealing against govt charges
- Century Textiles to demerge cement arm by this quarter
- Hero MotoCorp Q1 profit surges 36% on the one-off gain of ₹737.5 cr
- PE deal structures need to be investigated: Samir Arora
- Air India Express reports a net profit of ₹169 crore in FY19
- Welspun India Q1 net profit up 17.49% at Rs 156.07 cr
- Consolidation, strong demand to ease stress in the cement sector
- Tech Mahindra Q1 net profit rises 7% to₹959 crore
- Plenty of headwinds in way of $5 tn GDP goal.
- DHFL submits a debt restructuring plan to core lenders
- Jet Airways creditors to hold meet on 1 August
- Union Bank of India cuts MCLR by up to 20 bps across tenors
- Venezuela’s economic decline among the most severe globally: IMF
- Bharti Airtel, Vodafone Idea may have to pay Rs 92,000 crore outstanding license fee
- The period extended: NCLAT orders fresh bids for Jaypee Infra
- Government revises solar pumps costs before installing 17.5 lakh units
- Gujarat gives 3 years to Essar Power to pay Rs 200 crore penalty
- Cotton yarn export falls 35 pct to $696 million in Q1
- Power Finance Corporation board okays raising Rs 70,000 cr in one year
- Rupee settles 10 paise down at 68.85 vs USD
- Cement demerger this quarter: Kumar Mangalam Birla
- Bank of India Q1 net up 156 percent
- SBI tightens lending terms for auto dealers
Morning Business News:
- Panel to meet again on funds transfer: Bimal Jalan
- IBC Amendments to ensure greater clarity: FM
- Slowdown, NBFC crisis poses fresh NPA scare: Moody’s
- India benefited modestly from US-China trade war: SBI
- Paytm Money plans to start stockbroking services
- SBI cuts deposit rates keep lending rates unchanged
- Vodafone Idea to close m-pesa business
- Parliament passes a bill to curb Ponzi schemes, protect poor investors
- India bond yields drop as FM says govt won’t rethink the foreign bond plan
- Number of pending appeals against Sebi’s decisions rose in FY19 at SAT
- Tax rise for high earners may trigger fund flight from India: Bimal Jalan
- India’s non-basmati rice export falls after govt withdraws tax incentive
- As revival plans fail, NCLT orders IVRCL’s liquidation
- IFSC boost: CBDT gives compliance relief to non-resident investors
- India’s renewable energy cost lowest in the Asia Pacific: report
- Shortage of cane: EID Parry to shut Pudukottai sugar factory
- DLF Q1 profit zooms to ₹413 cr
- Cipla, Alvotech in pact for commercialization of Humira biosimilar
- Sebi seeks public comments on issues related to proxy advisers
- Telcos may have limited participation in 5G spectrum auction
- Indian drug makers scouting for partners in China: report
- IOC-Adani Gas JV to invest Rs9,600 crore in city gas projects
- Dr. Reddy’s Lab Q1 net profit rises 45% to₹663 crore
- Bank of Maharashtra clocks ₹81 crore profit in June quarter
- Flipkart-owned PhonePe receives Rs 698-cr infusion from parent company
- DoT issues guidelines for 5G trials across all available spectrum bands
- CCI approves the acquisition of Sundaram BNP Paribas by Sundaram Finance
- India’s crude steel output grows this much in June
- Rupee does U-turn, settles 14 paise up at 68.75 against US dollar
- Sensex ends 196 points lower on weak global cues
- Sitharaman seeks more rate cuts, says no review on overseas borrowing plan: report
- Leather exports decline despite government incentives
Morning Business News:
- Unsold homes pile up, huge battle looms for builders
- Anil Agarwal’s Anglo American trade a gold mine
- Green nod to Tata Chem’s Rs 1,042 cr soda ash project
- Higher import duty could cut Indian gold demand by approximately 2.4% this year: WGC
- NCLT told to start insolvency case against Raheja
- Torrent Group plans Rs 3,000 cr investment for gas pipeline network in UP
- FM Sitharaman rules out rethinking on overseas sovereign bonds: report
- Adani Group to invest Rs 5,500 cr in UP’s food processing, power sectors
- NCLAT grants 3 weeks to Dighi Port promoters to settle creditors’ claims
- Cipla urges govt to increase funds, ease policies for domestic pharma firms
- Cash-strapped DHFL seeks bankers’ approval to restart loan disbursal
- ‘Rupee rise, uneasy trade relations with US impact engineering exports’
- FPI outflow crosses Rs 3,700 crore in July 2019
- Centre issues new circular to deal ‘firmly’ with tax evaders
- Adani plans Rs 5,500 cr investment in UP for power, food processing
- Pfizer, Mylan set to form global generic drug giant
- Steelmakers sound alarmed over the rising level of duty-free imports
- Vijay Mallya moves Supreme Court seeking a stay on confiscation of properties
- Cannot reject insolvency plea over claims disputed after demand notice: NCLAT
- IDFC Ltd calls off plan to sell securities business to TCG
- Govt identifies 3-4 regional rural banks for IPOs; public issue likely this year
- RIL plans a big push for private-label brand
- Pfizer plans to merge the off-patent drug unit with Mylan
- World economy’s biggest week of 2019 as Fed prepares cut
- Discoms make a beeline for cheaper power supplied by NTPC under SCED system
- JLL India revenue grows 17 pc to Rs 4,000 cr in FY19; to hire 2,000 employees
- RBI report on the secondary market for corporate loans likely by next month
- Unchanged sugarcane FRP for 2019-20 season makes mills happy
Morning Business News:
- Tata Motors Q1 loss doubles to Rs 3,680 crore
- 66 lakh new jobs created in May: ESIC payroll data
- RBI panel for the hike in a collateral free lending
- PSBs’ gross NPA’s down by over Rs 89K cr till Mar
- Coal India subsidiaries face Rs 53,331 crore penalties
- Patanjali gets control of Ruchi Soya for Rs 4,350 cr
- No plan to revise or withdraw Bhushan bid: Jindal
- India’s planned maiden $10 bn foreign debt sale mired in confusion
- Bajaj Finance Q1 net up 43% to Rs 1,195 crore on higher interest income
- PMO wants FinMin to restudy issuing of overseas sovereign bond: Report
- FPIs pour in $6.1 bn in Apr-July; equity segment gets a major chunk
- Govt’s steps to ease NBFC liquidity crisis too short-term: Fitch report
- GST Council meeting rescheduled for July 27
- JSW Steel wants ‘sanctity’ in Bhushan Power deal
- Delhi HC gives relief for companies in anti-profiteering probe
- NCLAT clears decks for Nagarjuna Oil resolution plan
- Reliance-Aramco stake sale talks to continue, says Saudi’s Falih
- Govt introduces a bill to amend companies law in LS
- Bank of Baroda Q1 net profit rises 34% to₹710 crore
- TCS overtakes RIL to reclaim the m-cap crown
- Apple to buy the majority of Intel’s modem chip business for $1 billion
- Saudi Arabia struggles to end its oil addiction
- Benefits from digital trade may grow 14-fold to $512 billion by 2030
- Telecom firms slapped Rs 2.6 crore fine in 3 quarters for call drops
- NCLT stays its own order to prosecute IL&FS auditors
- JSW Steel plans to hike domestic capacity to 45 MT by 2030
- Bharti Infratel-Indus Towers merger may come up into being in August
- Rupee skids for 4th day; settles 6 paise down against the dollar
- Gold imports increased 46 percent in June quarter
- FPI net selling in stocks crosses Rs 15K crore in July
- Assocham seeks inclusion of petroleum products in GST
- Cayman Island court refuses worldwide freeze on Essar Global Fund
Morning Business News:
- DoT panel clears Rs 3,050 crore penalties on telcos
- IL&FS says on course to clear Rs 20,000 crore debt
- ICRA downgrades YES Bank’s bond program
- Auto component industry fears the loss of 10 lakh jobs
- Directive on payment security positive for IPPs: ICRA
- 74 lakh homes in 220 projects stalled: Report
- InvIT AUM may grow 5-fold in 2 years: Crisil
- India jumps five places to 52nd rank in Global Innovation Index 2019
- India’s $10 billion bond sale pitch meets a world desperate for yield
- Govt approves the creation of 4 mn tonnes of sugar buffer stock during FY20
- MMTC begins the process to exit unprofitable entities, starting with NINL, ICEX
- Bombay High Court allows IATA to encash Cox & Kings bank guarantees
- NTPC, BHEL ink pact to set up JV for eco-friendly power plant
- NCLT orders insolvency process against L&T Halol
- Cabinet retains sugarcane FRP at₹275 a quintal
- NMDC terms ECT’s steel-making technology unproven, irrelevant
- Jubilant FoodWorks Q1 net profit dips marginally to Rs 71.48 cr
- V Guard Industries Q1 PAT increases 54%
- Govt may launch $10-billion global bond sale in October
- Investors see wealth erosion of ₹5.86 tn as markets fall for 5th straight day
- Asian Paints bucks the trend with high volume, profit growth in Q1
- India’s monsoon rains 35% below average this week: IMD
- Deutsche Bank on the brink of a Lehman moment as it suffers $3.5-bn loss in Q2
- RIL, OMCs prepare to push doorstep delivery of fuel
- Fitch downgrades long term IDR of Tata Motors
- CPSU solar tender gets a dismal response
- Committee constituted to examine issues related to FDI in e-commerce
- Walmart, Flipkart to boost MSMEs, farmers’ income in UP
- Sensex drops 135 points; Nifty slips below 11,300
- Airtel, Voda Idea fume over Rs 3,050-crore penalty
- US imposes record USD 5 bn fine, restrictions on Facebook in privacy probe
Morning Business News:
- IMF cuts India’s GDP growth forecast to 7% for FY20
- Infra, power segments depress L&T Q1 earnings
- HUL net up 15%; Q1 volume growth weak at 5%
- NCLAT’s Essar Steel order not applicable to Ruchi Soya
- DHFL’s insurance arms solvent, safe: IRDAI chief
- NSE excludes Reliance Infra, Reliance Capital from F&O segment
- IGPC wants banks to be allowed to buy gold, become bullion bankers
- Brookfield’s plan to acquire cash-strapped Suzlon hits a roadblock
- Rana Kapoor, Morgan Credits pledge 7.34% stake in YES Bank with lenders
- Zee Entertainment reports 62.6% hike in Q1 net profit at Rs 530 cr
- Promoter stake in Cox & Kings down to 39% overpayments default
- SEBI may moot the peer review mechanism for credit ratings
- Motor Vehicle Amendment Bill gets green signal in Lok Sabha
- Fitch, Moody’s cut Boeing’s credit rating outlook to negative
- Reliance Industries’ stake sale talks with Saudi Aramco hit a roadblock
- Tata Power plans ₹2,500-cr asset sale to pare debt
- Moody’s assigns ‘Baa3’ rating to Hero FinCorp
- Oriental Bank of Commerce Q1 net profit at₹113 crore
- RBI names Kanungo to run monetary policy portfolio after Viral Acharya quits
- Aditya Birla Sun Life MF’s debt investors face a cliff-edge risk
- Supreme Court extends NRC deadline to 31 August
- RBI launches a medium-term strategy framework Utkarsh 2022
- RIL denies Oberoi Hotels stake buy report; says, no plan to buy EIH shares from ITC
- Investments in Kisan Vikas Patra to now double in 9 years 5 months: FinMin
- Capex revival 12-18 months away, says Larsen and Toubro
- Rupee settles almost flat at 68.94 against US dollar
- Sensex, Nifty end lower for 4th day; bank, auto stocks drag
- IndusInd Bank plans to raise up to Rs 20,000 cr by issuing bonds
- Crude oil up 0.28 percent on upbeat global cues
- Supreme Court cancels Amrapali registration, asks NBCC to complete projects
Morning Business News:
- Government to exit out of 23 CPSEs
- Need to grow over 8 % to become a 5-turn economy: Kant
- GST Council may weigh GST on petroleum on July 25
- HPCL refuses to recognize ONGC as its promoter
- No estimate of Black Money in Swiss Banks: Sitharaman
- Icra, Care question Grant Thornton’s report on IL&FS
- NSE to suspend trading in eight DHFL NCDs
- India’s edible oil imports may rise by 7.3% to record highs in FY20: Expert
- IOC plans to invest Rs 1 trillion more in Odisha to set up patches units
- Jaypee Infra promoters propose to repay all lenders, complete projects
- NTPC to seek shareholder nod to raise Rs 15K crore, hike borrowing limit
- SC orders status quo on NCLAT verdict in Essar Steel insolvency case
- TVS Motor’s Singapore arm invests $7 m in the US credit underwriting firm
- United Spirits Q1 net up 25.66% at Rs 181.7 cr
- Tata Power plans ₹2,500-cr asset sale to pare debt
- With customs duty hike, cement importers in the south in a bind
- NCLAT stays liquidation order against Adhunik Metaliks
- TVS Motor posts 7.22% growth in Q1 standalone revenues at Rs4,469 crore
- Kotak Mahindra Bank Q1 net profit rises 33% on lower provisions
- Oriental Bank of Commerce Q1 net profit at₹113 crore
- Investments via P-notes decline to ₹81,913 crore in June
- HDFC twins erase $6.4 billion market value
- Housing sales down 11 percent in Q1; demand to rise on tax sops: PropTiger
- Bengaluru-based Jana Small Finance Bank has the second highest NPAs under Mudra scheme
- Osaka Gas, JBIC invest $100 million to take a minority stake in AG&P
- ‘IMF, World Bank should consult developing economies’ not RBI’s official view
- India will achieve 8 pc plus growth from FY 2020-2021 onwards: NITI Aayog
- Gold touches an all-time high of Rs 35,970 per 10 gram
- The inter-ministerial group suggests a ban on cryptocurrencies in India
- Big Four accountants may face CCI probe
Morning Business News:
- Govt looks to cut stake in PSUs to up to 26%
- RBI has a piece of advice for IMF, World Bank
- Modi govt sets sights on making India $5 in economy
- ‘LIC offers Rs 1.25L-cr line of credit to fund projects’
- Main gas fields in KG-D6 block in late-life stage: Reliance
- FPIs withdraw Rs 7,712 crore from stocks in July so far
- Etihad, Hinduja Group back at the deal table for grounded Jet Airways
- After 12 years, RBI set to modify fit-and-proper norms for bank directors
- Jio to keep adding subscribers despite a decline in average revenue per user
- Strong rupee, lower GDP likely to tame inflation in India to 4.1%: ADB
- Embassy likely to mop up an additional 14% stake in Indiabulls Real Estate
- CII identifies 31 items with high export potential
- 345 infrastructure projects show cost overruns of Rs 3.28 lakh crore
- Cairn Oil opts for cluster approach, outsourcing model for new fields
- BHEL bags Rs 486 cr order from NPCIL for Kudankulam project
- Dr. Reddy’s announces the closure of transactions with Upsher-Smith Lab
- Canada’s pension fund OMERS seeks new green energy deals
- Railways seek cabinet nod to build 3 freight corridors at ₹3 trillion
- Investcorp closes maiden India PE fund at₹1,000 cr
- Post-$34 billion acquisition by IBM, Red Hat bets big on India
- Piramal raises ₹1,500 crore from StanChart Bank through NCDs
- IL&FS case: Sebi expands probe into the role of 5 credit rating agencies
- SME credit lending grows at 15.6% YoY; Gujarat top state for MSME lending
- USFDA found different dietary, medicinal claims on Patanjali’s sharbat bottles
- Govt to amend IBC to facilitate mediation for individuals
- Dip in India demand hits Russian diamond miner
- S’pore woes ring trade alarm bells
- Mukesh Ambani keeps salary capped at Rs 15 crore for the 11th year in a row
- First time in a month, forex reserves fall by USD 1.11 billion
- Brookfield to invest Rs 25,215 cr in Reliance’s telecom tower arm
Morning Business News:
- SEBI chief reignites autonomy debate over sharing surplus funds to govt
- Credit, deposit growth manage to remain in double- digits
- Sebi proposes tighter disclosure on auditor resignation
- India’s CAD grew to $68 billion in 2018-19: IMF
- Direct Tax Code report to be submitted by July 31: FM
- Yes Bank stabilised in Q1 in terms of asset quality
- REC raises $650 million via bonds, aids sovereign sales
- No relief from super-rich tax for FPIs structured as trusts: Sitharaman
- Vodafone Idea hires Bank of America, Morgan Stanley for $1.9-bn fibre sale
- IL&FS senior management asked ICRA for ‘desired ratings’: ED probe
- 17% of corporate social responsibility fund unspent among listed companies
- Draft labelling regulations for packaged food and beverages divide the industry
- Jet Airways interim RP receives claims worth Rs 24,000 cr from lenders
- Escorts eyes double-digit growth in construction equipment biz
- ACC’s profit up 39% on higher realisation
- EU clears Vodafone’s $22 billion deal to expand in Europe
- BHEL bags ₹750-cr order from NTPC-Railways JV
- HDFC m-cap tops ₹4-lakh cr mark as shares zoom to record high
- Consumer goods growth slows as rural demand cools: Report
- India’s current account balance deficit grew to $68bn in 2018-19: IMF
- IL&FS conducts a forensic audit of group firms’ rating agencies in the last 10 years
- New amendments to IBC will protect the interest of homebuyers: Centre to SC
- Ultratech to complete Century Cement merger by September: Kumar Mangalam Birla
- IL&FS: NCLT allows govt to prosecute auditors Deloitte, BSR
- CCI approves Nippon Life Insurance’s acquisition of up to 75 per cent stake in RNAM
- Government considering capital infusion in BSNL
- ADB cuts India’s GDP growth forecast to 7 per cent for FY20
- Amid a row over RBI reserves, Modi govt eyes SEBI funds
- Icra revises rating for Reliance Powers’ Rs 8,015-crore debt to ‘default’
- G7 ministers reach consensus on taxing tech giants like Google, Amazon: France
- Gold rises by Rs 170 on jewellers’ buying, silver jumps Rs 910
- Rupee skids for the 3rd straight day; settles 15 paise down at 68.97 vs USD
- Sensex tanks 318 pts; Nifty closes below 11,600
Morning Business News:
- IMF sees dangers from trade tensions, an overvalued dollar
- FPIs pull out Rs 4,120 cr in July, highest this year
- BP, Reliance investing $5 bn in KG-D6
- Adani Transmission seeks shareholders’ nod to raise Rs 5,000 crore
- Wipro Q1 profit up 13% YoY to Rs 2,388 crore
- Transition to e-cars may take longer than 2030: TERI
- Singapore based First Degree to buy Essel para banks
- Jalan panel to suggest RBI transfer surplus capital to govt in over 3-5 yrs
- Govt may hive off Coal India into separately listed firms to raise funds
- Govt clears 7 amendments to IBC, extends Finance Commission’s term
- Yes Bank Q1 consolidated net profit slumps over 92% to Rs 96 crore
- Govt likely to oppose NCLAT’s Essar Steel order in Supreme Court
- Sebi chief questions Budget plan for the transfer of surplus funds to govt
- Weak economy drags steel, cement prices down
- Strategic sale of Hindustan Antibiotics, Bengal Chemicals cleared
- CAG finds deficiencies in ONGC’s marine logistics operations
- Bill to amend companies law to be re-introduced in Parliament
- RINL targeting ₹25,000-cr turnover: CMD
- Japan’s Uniqlo sews up a plan for India entry
- Thirteen banks move Delhi HC against service tax demand of ₹38,000 crore
- Fifth CPSE ETF tranche set to open
- US FDA red flags significant violations at Strides Pharma’s Puducherry unit
- Mindtree Q1 consolidated net profit falls 41% to ₹92.7 crore
- Microsoft, AT&T sign cloud deal worth more than $2 billion
- Yes Bank probing whistleblower claim of irregularities in operations
- Jaypee insolvency: NCLAT asks IDBI Bank to furnish conditions for fresh bidding
- BP, Reliance investing USD 5 billion in KG-D6 to produce 1 bcf of gas
- Easing business climate, trade norms to help India attract FDI, improve CAD, says IMF
- Govt to prepare national data on the unorganized sector
- Rupee falls 11 paise to 68.82 vs USD on foreign fund outflows
- Govt may cap overseas borrowing at USD 5 billion this year: Report
- 330-day deadline for insolvency resolution
- Strides shredded dumped key documents: US Food and Drug Administration
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