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Morning Business News:
- Apple takes on EU’s Vestager in record $14-bn tax fight
- Allahabad Bank board okays merger with Indian Bank
- Next Trump tariffs may hit Europe’s luxury products
- ED slaps Rs 230 cr fine on PwC for FEMA violations
- Piramal Enterprises to raise Rs 690 crore via NCDs
- Govt to cut insurance premium rates for small exporters
- RBI reviews GDP forecasting after Q1 print surprise
- Saudi attacks to hit India’s oil import bill, rupee immediate casualty: DBS
- Govt reveals a slew of measures to increase export credit to 30% in FY20
- Tata to invest Rs 580 cr in realty biz for new projects, debt reduction
- Warburg Pincus may buy Andhra Bank’s 20.5% stake in IndiaFirst, says the report
- Bhushan Power case: NCLAT seeks govt’s response on JSW Steel’s plea
- Ashok Leyland in talks with Michelin, Marubeni, SBICap for the e-Mobility venture
- Hero MotoCorp announces a voluntary retirement scheme for employees
- Cost of credit for exporters to come down under expanded scheme says, Goyal
- IL&FS invites bids for the sale of six land parcels, enlists services of JLL
- The slump in steel sector spreads to small, medium companies
- Current account under threat if oil surge continues, says Shaktikanta Das
- Farm bodies exempted from 2% tax at source on payments above ₹1 crore
- Govt to cut insurance premium rates for small exporters: Piyush Goyal
- Spike in oil prices couldn’t come at a worse time for a slowing world economy
- Reliance Communication’s undersea cable unit GCX files for bankruptcy
- Jet Airways lenders make a presentation to Synergy Group
- TRAI seeks views on the maximum duration for phone calls to ring
- Government asks Apple to manufacture, export more from India
- Saudi assures India of no oil supply shortage: Oil Min
- Unsold spectrum resulted in Rs 5.4 lakh crore losses, claims BIF
- Sensex drops 262 points as crude oil prices boil
- P-note investments continue to drop; stands at Rs 79,088-cr in Aug-end
- Govt keen to bring India among the top 25 countries in ease of business: Kant
Morning Business News:
- Reliance, BP take over Niko’s 10% stake in KG-D6
- Exports, housing sops in FM’s third growth booster
- Sebi mulls whistle-blower mechanism for auditors
- Govt mulls measures to improve the financial health of STC
- SBI shelves IPO plans for general insurance arm
- Dues rise as power sector reels under stress
- DLF sells 9 acres to AmEx for Rs 300 crore
- Recent CoC decisions raise hopes for the return of errant promoters
- Power gencos outstanding dues on discoms jump 57% to Rs 73,000 cr in July
- Saudi oil attacks raise the spectre of oil at $100 per barrel, say, analysts
- Former NSEL promoter Jignesh Shah shifts gear, bets on water conservation
- General Motors hit by the first strike in 12 years in the clash over Jobs, benefits
- Canada pension board set to become the controlling shareholder in L&T
- India staring at a price flare-up after a drone attack on a Saudi oil facility
- Power Finance raises global bond issuance size to $5 billion
- The merged entity of PNB, OBC and United Bank to become operational by next April
- Lee Fixel sets sights on Indian startups again, may invest $1 billion
- Kae Capital in talks to raise the third fund of up to $60 mn
- Tata, Vedanta mining leases end in March; Govt to reject leases of many firms
- Air India posts ₹4,600 crore operating loss in 2018-19
- Altico Capital default hit debt funds, side pockets created
- Ericsson acquires Niche AI workforce for India center
- Exporters say govt incentives will boost shipments
- SBI to move RBI to offer fixed-floating rate home loans
- FPIs turn net buyers, infuse Rs 1,841 cr in the first half of September
- Rubber futures hit a six-month low
- Man-made yarn imports up multi-fold in July
- Kharif crops to keep agri-GDP at 3 percent
Morning Business News:
- Aug retail inflation rate climbs, rate cut hopes high
- RBI cuts risk weight on consumer credit to 100 percent
- S., China tariffs could lower global GDP by 0.8%: IMF
- Domestic air passenger traffic slips to 1.8% in July
- Govt cover for borrowers with bad credit score
- SBI revises service charges from October 1
- Altico defaults on interest payment raise concern
- RIL’s e-auction mechanism for new KG-D6 gas; bidding likely on Oct 11
- Hindustan Unilever emerges front-runner for Dinshaw’s Dairy Foods
- For the first time in FY20, RBI becomes a net seller of dollars in July
- L&T bags contract worth up to Rs 2,500 in Maharashtra and Odisha
- Bhushan Power: JSW Steel to move NCLAT on Sept 13
- Finance Secretary to chair review meeting of PSBs
- Saudi, Russia call for compliance with OPEC+ supply curbs
- India Inc revenue growth in Q1 skids to an 11-quarter low of 5.7%
- Reliance moots ‘supply or pay’ model for new gas fields
- Vedanta Sesa Goa working on drought mitigation measures in Chitradurga
- RBI increases banks’ loan exposure limit to single NBFC
- PE-backed real estate lender Altico defaults on debt payment
- ECB cuts key rate, to restart bond purchases
- Ola, Uber factor not major reason for the auto slowdown: Maruti to FM
- SBI launches OFS to sell stake in the life insurance biz
- Hiranandani plans ₹2,000 crore investment in the warehousing business
- Finance Secretary Rajiv Kumar to meet heads of PSU banks on September 19
- NCLAT to hear Shapoorji Pallonji’s plea on Adani Power bid for Korba West Power
- Govt may provide incentives to the leather sector to boost exports
- Rupee rises for 6th-day spurt 52 paise to 71.14 vs USD on trade truce hopes
- Iron ore glory days numbered as China slows
- Retail inflation inches up to a 10-month high of 3.21 pc in August
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
Morning Business News:
- Govt wants to revive confidence in markets: FM
- India’s energy demand to grow by 4.2%: Pradhan
- India, ASEAN agree to review decade-old free trade pact
- China to build massive carbon trading market
- Aditya Birla Capital to raise Rs 2,100 crore equity capital
- Task Force in the process to identify infra projects: FM
- Yes Bank nears deal to sell a minority stake to the global tech firm, says CEO
- Latest monsoon spell boosts Kharif sowing across crops in Gujarat
- Telecom dept intends to hold spectrum auction by December: Report
- India has limited room to ease fiscal policy due to high debt: Fitch
- Earnings rebound seen for PFC, REC by 2020-21 on 50-60% NPA provision
- IOC, Haldia Petro projects worth Rs 2 trillion may trip on land hurdles
- Independent Financial Advisors blame MFs for the mess in debt schemes: Survey
- SBI mulls lending ₹35,000 cr to NHAI for highway projects: Rajnish Kumar
- JSW, Adani may bid for Coffee Day group-owned Sical Logistics
- Moody’s downgrades Ford’s credit rating to junk
- IL&FS gets bids worth ₹13,000 cr for road assets
- ArcelorMittal to explore the sale of a construction business
- PE/VC investments climb to an all-time high of $36.7 bn in January-August
- ‘Make in India’ push: ABB, NITTTR set up digital simulation lab in Chandigarh
- Goldman Sachs top executive charged with fraud
- Daimler to make India export hub, to serve Latin America initially
- DGFT notification to hurt steel imports: EEPC to Commerce Minister
- Government allocates Badam coal block to NTPC
- Exim Bank expects India’s merchandise exports to grow marginally to $82 billion in Q2
- Hero MotoCorp to cut Capex by 15-20 pct
- Essel group completes 1st tranche of stake sale in ZEEL
- India-China spat delays RCEP deal
- India, Nepal inaugurate cross-border oil pipeline
- India-China spat delays RCEP deal
- Zee starts repaying mutual funds before the deadline
Morning Business News:
- Sebi orders forensic audit of Sun Pharma’s books
- Banks unlikely to trim lending rates despite new norms
- Auto sector slowdown may wipe out a million jobs: SIAM
- Reliance targets more retail acquisitions abroad
- M&M defers Rs 1,000-cr CAPEX plan amid the slowdown
- India to give $1bn line of credit for Russia’s the Far East
- PNB board approves merger with OBC, United Bank
- RBI deputy governor BP Kanungo fears the risk of dwindling bond supply
- Discoms may be asked to pay 50% advance payments to power companies
- Govt launches updated Credit linked Capital Subsidy Scheme for MSMEs
- Aditya Birla Capital to raise Rs 2,100 crore from a promoter, PE firms
- JSW gets NCLT nod to acquire Bhushan Power and Steel for Rs 19,700 crore
- PowerGrid declares ₹4,356-cr dividend
- Indian auto industry growth story about to collapse: Tata Motors MD
- Solar installations in the first half of 2019 at 3.2 GW, down 35 percent
- India’s per capita water availability to decline further: ICAR
- US Dept of Justice rejects Hindalco arm Novelis’ deal to buy Aleris
- Dr. Reddy’s launches generic version of Zyban tablets in the US
- Maruti Suzuki bats for a separate platform for making regulation on the auto industry
- FinMin to meet heads of CPSEs for capital expenditure push
- NCDRC directs Unitech to pay compensation to home buyers at 8% rate
- ED issues show-cause notice to Amnesty Intl for FEMA violation of over ₹51 cr
- Birla Estates enters Bengaluru market with two projects
- Ashok Leyland sees demand-pull for MHCVs soon
- Lenders optimistic of supporting the resolution plan: DHFL
- Big firms grab most bank funds: Less than 1% of companies have 50% of bank loans
- Import of 215 iron, steel items need compulsory registration under SIMS
- Heavy foreign investment in the telecom sector; 25% of total FDI in India in Q1
- Sensex rises over 100 points; oil and gas, metal stocks rally
- Bajaj Finance plans $1 billion share sale
- Hindalco bid to buy US aluminum firm Aleris faces the anti-trust hurdle
- Gold imports drop 73 percent in August
Morning Business News:
- Govt may miss the fiscal deficit target despite RBI’s money
- Service activity slows in August, PMI declines to 52.4
- CRISIL cuts GDP growth to 6.3% in fiscal 2020
- HC grants relief to KPMG firm BSR in IL&FS case
- Wipro bags $300 mn deal from ICICI Bank
- NCLAT asks Jet IRP to cooperate with Dutch Court
- Mandatory to link loans for housing, autos, MSEs to external benchmark: RBI to banks
- Synergy Group, RA Treasury make the cut for reviving defunct Jet Airways
- India to manufacture spare parts, components for Russian defense equipment
- Auto industry stares at tough year due to transition to BS-VI norms: SIAM
- Lupin, Boehringer Ingelheim ink $700-mn deal for anti-cancer drug
- Moody’s upgrades PNB’s outlook to ‘positive’ from ‘stable’
- Yes Bank settles ‘selective disclosure’ of asset quality case with Sebi
- H-Energy and Russia’s Novatek sign LNG cooperation pact
- Weak demand to hit steel cos profit this fiscal: Report
- Sharp fall in cement demand likely due to lower government spending
- India, Russia agree to step up trade to $30 bn by 2025
- BPCL to invest Rs 25,000 cr on an Ethylene cracker unit at Rasayani
- RBI asks banks to link retail and MSME loans to external benchmark from 1 Oct
- JLR to launch 30 new vehicles in China over the next 2 years
- Moody’s affirms ratings of five PSU banks following the merger announcement
- Unitech asked to clear ₹2,734 crore dues in 15 days or lose Noida land
- Volkswagen introduces Polo and Vento facelifts in India
- Modi govt in talks with World Bank, ADB, KfW for low-cost capital to MSMEs
- FPI flows to remain under pressure despite tax surcharge reversal, benign monetary policy: Ind-Ra
- AMCHAM bats for the free-trade pact between India, US
- India got most migrant worker money last year; leaves behind China, US, others
- AMCHAM bats for the free-trade pact between India, US
- Russia plans to set up above 20 nuclear power units in India in the next 20 years
- Gold gains Rs 122, silver jumps Rs 2,070
- Maruti to halt production at Haryana plants for 2 days amid auto crisis
Morning Business News:
- Allow FPIs to buy bad loans from banks: RBI panel
- NPAs may come down to Rs 9.1 lakh cr by FY20: Report
- Donald Trump warns China about delaying trade talks
- ESIC ties up with SBI for DBT facility
- RBI task-force moots central corp loan contract registry
- Govt hikes ethanol procurement price for fuel blending
- NSEL an ’employee fraud’, could be resolved in 6 weeks: Jignesh Shah
- Ind-Ra lowers outlook on steel sector on sluggish demand expectation
- Government approves over Rs 9,000 cr capital infusion in IDBI Bank
- At $4.8 trn, Japan Inc has more cash than most nations’ GDP sitting idle
- Reliance Power, Japan’s JERA to set up a 750-Mw power plant in Bangladesh
- L&T’s construction arm bags contract for Navi Mumbai International Airport
- Government weighs privatization of a few Maharatna and Navratna PSUs
- TVS Motor sales down 15 percent in August
- MCA sets up expert committee for valuation professionals
- Dredger owned by Mercator sinks near Mangalore port
- NMDC revokes cancellation of Chhattisgarh project contract to BHEL
- Maruti Suzuki records cumulative sales of 1 million utility vehicles
- RBI panel recommends the self-regulatory agency for secondary markets
- CPSE exchange-traded fund lags Nifty in 2019
- IT outsourcing sector faces heat from global in-house units
- CCI clears Capgemini’s acquisition of Altran Technologies
- Bank merger woes: Bank officers associations to launch protests
- Ashok Leyland plans light commercial vehicles range in sub-5 tonne segment
- Tractor volume set for 5-7% de-growth this fiscal, says a report
- Centre may soon come out with measures to boost the real estate sector
- Jaypee Infratech insolvency: Supreme Court asks NBCC for a fresh plan
- Two-wheeler makers pushing excess stock says FADA
- Rupee tanks 97 paise to 9-month low on weak macro data, strong dollar
- Gold prices gain Rs 538 to Rs 38,987 per 10 gm
- Sensex crashes 770 points following weak macroeconomic data
- Anil Ambani’s Reliance Naval & Engineering Ltd faces insolvency
Morning Business News:
- Foreign borrowings double to $4.98b in July: RBI
- China’s stimulus measures set to boost cooper price
- Public sector banks’ heads told to reform boards
- No tax demand from startups sans appellate tribunal nod
- Growth of eight core industries slows down to 2.1%
- Maruti cuts production for 7th straight month in August
- PNB board to consider Rs 18,000 cr capital infusion
- Economists predict deeper interest-rate cuts, slow economic growth
- ISO forecasts global sugar deficit of nearly 5 mn tonnes in 2019-20
- NHAI to offer roads as collateral, in talks with SBI to fund projects
- Apple gets to bite into Indian retail as policy hurdles are removed
- ISO forecasts global sugar deficit of nearly 5 mn tonnes in 2019-20
- Manufacturing growth slows to a 15-month low in August: PMI
- Jet Airways fails to attract new bidders
- India Inc’s overseas borrowings more than double to $4.98 billion in July
- SAIL to provide land for pellet plant joint venture with KIOCL
- JK Tyre promoter take control of pledged shares after repaying Rs 200 crore loan
- FDI cap in digital media may hit valuations, fundraising
- Fintech panel for legislative changes for issuance of FDs in demat form
- The sitharaman-led panel weighs ordinance to ban e-cigarette sales
- Modern Foods acquires 75% stake in Supreme Baker
- ‘Economic slump an opportunity for expansion, acquisitions, hiring talent’
- DBS revises India’s real GDP growth to 6.2 percent for FY20
- Panel blames lack of level playing field, discriminatory regulation for the high level of cash in the system
- Tata Steel announces the closure of the UK factory, nearly 400 jobs on the line
- Government restores duty-free replenishment facility for jewelry exporters
- Coal India output drops 10.3 percent in August
- Tea profit likely to contract 140-150 bps: Crisil
- New FDI norms in single-brand retail to increase exports
- SBI Cards says IPO process initiated, the decision on timing to hit the market soon
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