Month: October 2019

Morning Business News :

• Over half of the country feels job scene is getting worse
• Budgetary exercise to start from October 14
• Renewable energy target missing by over 42%: Report
• Care downgrades Patanjali as acquisition raises risks
• Vodafone tests new network technology in UK
• Banks set for a profit quarter amid slow credit demand
• MCA plans to amend CA Act to remove conflict of interest in audits
• YES Bank plans to raise $1 billion by December through rights issue

• FPIs pull out Rs 3,000 crore from equities in 3 trading sessions of October
• Yes Bank files complaint against ‘fake news’, attempt to scare depositors
• Iran state-owned company to finish gas project after China’s CNPC pulls out
• Discoms’ ₹45,000-cr legacy dues to Gencos will be cleared in a year: RK Singh
• India starts probe into increase in Korean chemical import
• MRPL begins production of BS-VI diesel, petrol
• IVRCL Liquidator extends deadline for expression of interest, e-auction
• Ashok Leyland hits another rough patch
• GMR deleveraging hits air pocket with questions over Tata-led deal
• Better days ahead as govt sops to boost demand: JSW Steel
• Irdai moves to make sale of life covers transparent
• Bosch to shut plants for 10 days per month per plant in Q3FY20
• US growth rate may weaken, continue to play spoilsport for Indian pharma
• BPCL nationalisation act repealed in 2016; way clear for privatisation
• Kerala govt rolls out Rs 50,000 cr infrastructure projects to beat slowdown
• Only 10 pc of Indian CEOs confident about reliability of AI applications: PwC
• Repaying debt: Over 90 per cent of promoter stake in Zee pledged
• Auto industry facing structural issues, affordability a challenge: Toyota Kirloskar
• Forex reserves scale record high of USD 434.6 billion
• Growth reaches a trough; to start improving by Jan: Aditya Puri

Morning Business News:

• Deloitte Haskins and Sells questions NCLT ambit
• UK looted $45 tn from India in today’s value: MEA
• Bharat-22 ETF: Anchors put in Rs 13,500 cr bids
• The India-us trade deal will happen ‘pretty quickly’: US
• IRCTC IPO overall subscribed 112x, NII quota 354x
• EOW arrests HDIL directors in PMC Bank case
• BPCL sale: Moody’s warns of the steep downgrade
• August economic activity worse than 2008 financial crisis, says Nomura
• Govt says will shield small retailers, the US calls for fair e-commerce policy
• 5% cut in natural gas price is credit negative for ONGC: Moody’s

• RBI relaxes ban for those looking to buy stakes of foreign firms in India
• Auto, construction sectors slowdown to drag non-ferrous metals demand
• PMC Bank customers can now withdraw up to Rs 25,000
• Sunil Mittal: India should allow Huawei in 5G trials
• Petrol, diesel prices to come down over coming weeks: IndianOil
• Shell takes 20 percent stake in Indian solar firm Orb Energy
• GMR Infra secures competition panel nod for equity investment by Tatas, GIC, others in airports
• Slumping data may force Fed chief Powell to move to the third rate cut
• Tata Steel mulls stake sale in e-commerce JV mjunction Services: Report
• Goldman faces $260 million hits from equity bets as Uber plunges
• Indian Oil uses single-use plastic waste to build the road
• Singapore Deputy PM Heng Swee Keat warns of greater economic uncertainty due to US-China trade war
• Bank of Baroda boosts lending to MSMEs, partners with NBFC to offer small-ticket loans
• Many more structural reforms in the offing to propel growth: Amitabh Kant
• Sensex slips 198 points on financial sector woes, global trade tussle
• Crude oil futures fall 1.63 percent on low demand
• Rupee recovers from day’s lows settle 20 paise higher at 70.87

Morning Business News:

• Coal India to pay Rs 64,700 festive bonus to workers
• No MAT credit if you chose new tax rates: CBDT
• Corp tax cuts alone will not stimulate PVT CAPEX
• PMC’s suspended MD blames ‘superficial auditing’
• India can become one of the largest EV markets: Report
• Oil market ignoring geopolitical risks; trade talks next big trigger
• Airtel drives telecom sector’s AGR to 5-quarter high to 8.8% in Q1FY20
• Religare to sell entire stake in NBFC arm to TCG Advisory for Rs 330 cr
• A parliamentary panel on energy to review the need for uniformity in tariff
• Opening up of commercial coal mining to 100% FDI unlikely to boost the sector
• Infra companies consider monetizing litigation claims for offshore assets
• The corporate tax cut is a signal to structural reforms: CEA
• Steel industry frets as Govt inches close to signing RCEP

• FACT’s sales in Sept hit a record high of 1.33 lakh tonnes
• Welspun India eyes home textiles in the premium segment
• Piaggio receives BS-VI certification for three-wheeler CNG engine
• Zydus successfully conducts clinical trials of Saroglitazar Magnesium for liver
• DLF settles ₹8,700 crore amount payable to JV with GIC
• British PM Boris Johnson’s ‘final’ Brexit deal stirs sterling rebound
• BSE’s startup’s platform steps up  bid  to  get more  firms  listed
• WTO approves US tariffs on $7.5 billion of EU goods in Airbus retaliation
• EESL planning an IPO at ₹5,000 cr valuation
• Developing country debt jumps to $7.8 trillion in 2018: World Bank
• India, US will fix their trade disputes: S Jaishankar
• GST collection falls to the lowest in 19 months
• MTNL, BSNL revival on cards as govt seeks clarity from a high-level panel
• Lakshmi Vilas Bank’s independent director resigns citing personal reasons
• Bharat-22 ETF’s 4th tranche to open on Thursday; govt expects to raise Rs 8,000 cr
• 34 functional teams to smoothen merger of UBI, PNB, OBC
• PMC Bank created over 21,000 fake accounts to hide loans: complaint