Morning Business News:
- SBI to sell 4.5% stake in SBI Life for Rs 3,465 crore
- Hong Kong Exchange makes $39 bn bid for LSE
- India wants industry protected in RCEP deal: Goyal
- Indian high tech sector has the potential to attract $21 bn
- PNB, UBI & OBC forms groups to oversee a merger
- NCLAT impleads Sebi as a party in the plea filed by RIL in Alok Industries matter
- ONGC signs MoU with Assam to invest Rs 13,000 cr for exploration
- India hopes to tap $1-billion of jewelry export opportunity to the US
- China exempts 16 US goods from retaliatory tariffs ahead of trade talks
- Tata Motors global sales decline 32% to hit 72,624 units in August
- JSW’s August crude steel output dips 13% YoY to 1.25 million tonnes
- India to align trade remedy rules with global best practices
- India agrees to lower import duties on Indonesian palm oil
- Azim Premji, group cos sell ₹7,300-cr worth shares in Wipro buyback
- IL&FS gets bids worth ₹13,000 cr for road assets
- Cyient signs pact with UK defense firm QinetiQ Target Systems for unmanned target systems avionics
- Strides Pharma buys 70% stake in Switzerland’s Farmed Healthcare
- Warburg Pincus exits ICICI Lombard; sells remaining 2.7% stake for $194.5 mn
- Schneider expects to complete L&T’s electric unit acquisition by early 2020
- India plans to set up ultra mega solar parks worth $1.5 billion each
- Adani Power’s Tiroda plant gets MERC nod for higher coal price
- HDFC Bank doubles mid-corporate loan book to over Rs 90,000 crore in 3 years
- Advance intimation of steel imports will help the industry face challenges
- Rupee rises by 5 paise to 71.66 vs USD, extends gains for 5th day
- Gold prices fall Rs 372; silver to drops Rs 1,150
- Blackstone plans Rs 1.5,000 crore investment in Allcargo unit
- Debt crisis hurts corp bond market