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Morning Business News:
- With $78 bn, India highest overseas remittance receiver
- ABB India gets NCLT nod for demerger of power biz
- Assocham seeks intervention on the impact of AGR ruling
- India sets 31,696-MW solar power generation target
- Government trying to revive BSNL, MTNL
- Karvy Stock Broking challenges Sebi order in SAT
- Govt appoints Deloitte as an advisor for BPCL stake sale
- Govt wants RBI to take over stressed assets of shadow banks: Report
- Essar Steel lenders may get more than Rs 42,000 cr from the resolution process
- Examining financial irregularities by Indiabulls Group: Centre to Delhi HC
- Moody’s sees India Inc struggling for credit in 2020 as slowdown weighs
- Aurobindo Pharma arm to buy certain biz assets of Profectus BioSciences
- More worries for govt as Q2 GDP growth likely to be below 5%
- Govt seeks ₹21,000 crores as supplementary grant
- Tata Steel begins talks with European Works Council on job cuts
- BPCL gets Cabinet approval for additional equity investment in E&P arm, Mozambique LNG
- Mukesh Ambani in talks to sell news assets to Times Group
- Deutsche Bank to complain against Bajaj Allianz’s move to annul bonds
- Network18 denies reports on assets sale to Times Group
- Fiscal slippage woes spark FII sell-off in debt markets
- Sebi passes settlement order against ICICI Securities
- Government mulls more relief for real estate sector, NBFCs
- Manchester City owners buy a majority stake in Mumbai City FC
- Finance panel tenure extended; award period now till FY26
- Paytm in talks to raise another $1 billion funding: Sources
- Jaypee lenders ask NBCC to sweeten land-debt swap deal
- NSE plans to digitize 50% regulatory processes
- Supplementary demand: Capital infusion into insurers, IDBI Bank part of extra Rs 21,246 crore spend
- Govt notifies WTO about intent to make gold hallmarking must
- Reliance Industries first Indian firm to hit Rs 10 lakh crore market valuation
- Use telematics to price motor policies: IRDAI
- Cement demand fails to pick up on multiple woes
- Govt mulls absorbing Rs 50,000 crore Air India debt
Morning Business News:
- CCI finds Tata, SKF & Schaeffler guilty of collusion
- Steel sector may face short-term disruption: Report
- State-run firms to clear over $1 bn owed to green cos
- Reliance Capital defaults on debt repayment
- Moody’s warns BPCL of a potential downgrade on govt sale
- London Stock Exchange shareholders bless $27 billion Refinitiv deal
- Risk of undercapitalization for state-owned institutions: Nobel winner
- RBI revises framework on currency swap arrangement for SAARC countries
- RBI mulls one-time rollover loan recast of select real estate firms
- Sebi ban on Karvy over client fund misuse unnerves India’s retail investors
- US FDA pulls up Ipca Labs for manufacturing violations at Gujarat plant
- States need to raise infrastructure spending to Rs 110 lakh cr over next decade: Crisil
- India Ratings lowers India’s Q2 GDP growth to 4.7%; FY20 forecast at 5.6%
- Singapore’s PSA buys 50 percent stake in Indian logistics hub for $93 million from CMA CGM
- Coffee Day Global sale may be delayed as valuation dips by half
- Birla MF side-pockets ₹793-crore investment in Essel Group firm
- IKEA sees Mumbai among top 30 global markets, makes the biggest investment so far
- Capital Small Finance Bank raises ₹84 crores from OIJIF
- Ant Financial to raise $1 bn investment fund for India, Southeast Asia startups
- Govt collects ₹729 cr from sale of 10% stake in RITES
- RBI revises framework on currency swap arrangement for SAARC countries
- RBI red flags rising Mudra bad loans
- GST authorities unearth racket involving Rs 140 crore tax fraud
- Reliance Nippon Life adequately capitalized, no need for fresh
- Bata to use multi-channel retail strategy to reach more customers
- Tejas Networks signs the pact with Bharat Electronics
- Rupee rises 24 paise to 71.50 against US dollar
- Discoms may get loans to clear dues to RE firms
- Reliance Naval surges 700 percent in record streak
- Sical to sell or hive off businesses to pare debt
- Citigroup cuts gold’s three-month target
Morning Business News:
- IndiGo director asks US Court to revoke summons
- Govt got Rs 4,973 cr revenue from auctioned coal mines
- Airtel, Jio bid for RCom telecom assets
- 23 lakh new jobs created in Sept: ESIC payroll data
- Govt moves NCLT to reopen CG Power books
- FM introduces Bill in Lok Sabha to cut corporate tax
- Saudi Aramco IPO retail subscription at $5.8 billion, says, lead manager
- ICRA downgrades Bharti Airtel’s long term rating from “AA” to “AA-“
- Total loan portfolio of DHFL at Rs 95,615 crore: Govt to Lok Sabha
- Foreign portfolio investors pour in $6 billion in the past two months
- Oil prices hold above $63 a barrel on US-China trade talks optimism
- Price-fixing charges: Sun Pharma in talks with the US to end the anti-trust probe
- Ind-Ra downgrades long-term issuer rating of Texmaco
- Novartis to buy US biotech The Medicines Co for $9.7 billion
- Salcomp buys Nokia’s Sriperumbudur plant to make Apple chargers
- LVMH to buy Tiffany for $16 billion in the largest-ever luxury-goods deal
- CG Power forays into EV bus segment
- PFRDA releases valuation norms for NPS pension funds
- Zee Entertainment board accepts Subhash Chandra’s resignation as chairman
- BSNL, MTNL VRS scheme: Over 92,000 employees opted so for
- Shut down 4,774 industries in residential areas immediately: NGT
- 10 states unequipped to ensure food safety: FSSAI
- SC notice to finance ministry, others on Adani plea seeking duty parity
- Number of captive coal blocks slips to 11 so far from 17 in FY19
- Shuttl raises $18 million from SPARX Group, Toyota Tsusho Corporation
- PSBs collect Rs 1,996 crore in minimum balance penalty in FY’19
- Sensex scales new high soars 530 points; Nifty closes above 12,050
- Paytm raises USD 1 billion in fresh funding
- Sebi to tighten rules for brokers after Karvy debacle
- Gold declines Rs 166 on the weak global trend
- 75 lakh houses will be ready by 2020
Morning Business News:
- JV plans: SAIL awaits ArcelorMittal response
- CAIT levels tax avoidance allegations on comm cos
- Aurobindo Pharma aims to become debt free in 3 yrs
- BPCL asked to submit a valuation of the company in 50 days
- NTPC likely to issue green bonds to raise funds
- Sebi plans to implement data analytics project
- ECL Finance’s NCD Tranche II oversubscribed
- Govt to amend IBC to ring-fence buyers of stressed assets from prosecution
- Karvy group’s liquidity to stay stretched over the medium term: CRISIL
- Airtel, RIL, three others may submit bids for RCom assets on Nov 25
- Govt’s privatization plan may end complex cross-holding in oil PSUs
- RCom lenders reject the resignation of Anil Ambani, 4 other directors
- Key WTO body may become dysfunctional from Dec 11
- PSUs need a roadmap for growth, exports: CII report
- Post-Brexit, India can use Ireland as the window to EU: Envoy
- Government to consider cut in reserve price of rice
- USFDA red flags Torrent Pharma’s US-based plant for manufacturing violations
- India’s PSUs should bid for international projects as a consortium: Report
- ETFs funds account for 82% of selloff proceeds: DIPAM
- FPIs pour ₹17,722 crores into Indian markets in November so far
- After Jet’s demise, Lufthansa plans to strengthen partnerships with AI, Vistara
- India’s gold imports dip 9% in April-October period
- Amar Ujala bets on healthcare; acquires a majority stake in Cygnus Medicare
- ISPAI seeks legal view on DoT’s demand for statutory dues; says order unnecessarily imposed on ISPs
- Monetary Policy Committee to be split on rate cut decision
- Gold imports dip 9 percent during Apr-
Morning Business News:
- Economy to stay at low ebb in Q2 says ICRA
- Niti Aayog asks India Inc to assess CSR impact
- PSU banks disburse Rs 2.52 lakh crore loans in October
- SBI MF to be listed within the next 2 years: CEO
- India Inc’s M&A deal value slips 45% in Oct: Report
- BPCL, Concor sale to fetch $15-20bn: Mukherjea
- SBI admits to making many poor commercial decisions
- Sony in talks to buy a stake in Mukesh Ambani’s Network18 TV media group
- UTI MF eyes Rs 10,000 cr valuation in IPO, 25%-30% stake to be on sale
- Buyers may turn their back on DHFL over KPMG audit report concerns
- NTPC may shell Rs 10,000 crore for Centre’s stake in NEEPCO, THDC: Report
- Plastic exports likely to remain flat in FY20 due to economic slowdown
- Zee promoters sell 16.5 percent stakes to repay loans
- Laurus Labs gets 3 USFDA observations in API product inspection
- JSW group promoter Sajjan Jindal repays ₹200-cr debt
- USFDA approves Zydus Cadila’s Dinitrate tablets, Desonide Cream
- Expression of interest invited for resolution of KSK Energy
- Tech Mahindra, Business Finland ink MoU for R&D in 5G, 6G technology
- No more amendments to the Motor Vehicles Act: Govt
- Saudi Aramco order book reaches 73 billion riyals so far
- Drugmaker Sanofi said to weigh options for $30 bn consumer-health business
- State-run banks disburse over ₹2.5 tn in October: FinMin
- OECD trims global 2020 economic growth forecast
- Government to set up a unified regulator for IFSC
- Govt may offer relief on AGR if Airtel, Vodafone Idea, other telcos get a reprieve from SC
- LCR frameworks will improve NBFCs’ liability profile: Ind-Ra
- Sensex ends 76 points lower; Nifty below 12,000
- Realty sees 115 insolvency cases, $1 billion stressed deals
- US Fed members unanimously reject negative rates: Minutes
- Sundaram opens feeder FoF of Global Advantage Fund
Morning Business News:
- Sebi tightens disclosure norms on loan defaults
- MFs will join DHFL resolution process: Sebi chief
- Bank credit grows by 8.07%, deposits 9.92%: RBI data
- Housing projects worth $66 bn face IBC proceedings
- Govt mulls forex loan at a cheaper rate to exporters: Goyal
- BSNL-MTNL merger may be completed in 2 yrs: Govt
- Govt clears Code on Industrial Relations Bill; retrenchment norms not eased
- Cabinet approves the strategic sale of govt stake in BPCL, 4 other CPSEs
- Subhash Chandra to sell 16.5% stake in Zee, become a minority shareholder
- Tariff hike may cause slower net user addition for telcos: BofA-ML report
- Piramal gets a waiver on debt contract after offering to pay Rs 15 bn early
- Telecom, aviation, auto sectors report the highest losses in Q2
- Better rainfall led to lower power demand in October: Power Ministry
- CIL to develop 55 new coal mines in the next 5 yrs: Minister
- The company continuously working on a resolution plan: Suzlon
- ECU Worldwide buys controlling stakes in Hong Kong and Singapore logistics firms
- Singapore’s Cube wins highways bid
- Cabinet approves a two-year moratorium on spectrum payments for telcos
- Tata Motor’s JLR to face challenging times even in next fiscal: Moody’s
- Asia needs $800 billion over the next decade to feed itself
- Homebuyers have filed over 1,800 cases under insolvency law: Govt
- NCLAT extends the deadline for implementation of Patanjali’s bid for Ruchi Soya
- Central American nation Costa Rica seeks Preferential Trade Agreement with India
- China cuts new benchmark rate to boost the economy
- NCLAT rejects DBS Bank’s plea challenging the distribution of funds from Ruchi Soya resolution plan
- India appeals against WTO panel ruling on export incentive schemes
- Reserve Bank of India supersedes DHFL board
- Rupee settles 10 paise lower at 71.81 against US dollar
- Moody’s assigns Baa1 rating to ONGC’s proposed senior unsecured notes
- Telcos have to pay Rs 1.47 lakh cr dues; no proposal to waive off penalty: Prasad
- Govt plans incentives for 324 foreign manufacturers
Morning Business News:
- India appeals against WTO’s ruling on export incentives
- AIIB to invest up to $2.5 bn in urban transport projects
- DoT asks telcos to share broadband infra in govt bldgs
- Voda Idea, Airtel loses over 49 lakh users in Sep: TRAI
- PSBs reported frauds of over Rs 95,700 cr in Apr-Sep
- Vodafone Idea presses for Rs 7,000 cr tax refund
- MF industry folio influx hits 3-month high in Oct
- Phone makers seek clarity on export duty relief scheme
- Cabinet may consider a proposal to lower govt stake in CPSEs to less than 51%
- Govt has no plans to revise fiscal deficit target, says MoS Finance Thakur
- Allahabad Bank’s merger with Indian Bank gets in-principle govt nod
- RBI unions want govt to raise deposit insurance cover to Rs 10 lakh
- RBI slaps Rs 2.50-crore fine on Bank of Baroda over non-compliance
- Patanjali’s Apr-Sep revenue at Rs 3,562 cr, highest for a half-year period
- India quit RCEP in national interest: Goyal
- India vulnerable to the oil price, capital flows shocks: YV Reddy
- Jet Airways’ bidder Synergy gets an extension till December 16
- Steel Ministry proposes setting up integrated steel hubs
- MRPL makes the first export shipment of BS-VI-grade diesel
- Lupin launches generic hypokalemia drug in the US
- Dilip Buildcon bags Rs 2,123 cr order from Coal India arm
- Losses incurred by 71 central PSUs during FY18 rise to ₹31,261 cr
- ICICI Bank may raise ₹20,000 crores aiming to fill credit gap left by NBFCs
- 15 foreign banks keen to open a branch in India
- Scrappage policy hits another roadblock after NITI Aayog flags issues
- Reserve Bank likely to refer DHFL, Altico to bankruptcy court
- Employment growth slowed down in the last two years: Report
- Supreme Court stays SAT order that quashed Sebi ban on Price Waterhouse
- Govt mulls setting up a dedicated cell to promote Agri startups
- Central Bank of India reports higher Rs 6,430cr loss for FY19 due to NPA divergence
- RIL achieves another feat, the first firm to hit Rs 9.5 lakh cr m-cap mark
- Financial crunch due to Centre’s failure to release GST dues
- Gold rises Rs 328, silver prices jump Rs 748
- Passenger vehicle retail sales jump 11 pc in Oct on festive demand: FADA
- Private banks stay in profit, PSBs return to losses
Morning Business News:
- RBI can now seek resolution of NBFCs having assets
- Air India extends bridge-loan bids for Boeing purchase
- GoAir inks pact with Emirates National Oil Co for fuel
- Surplus transfer from RBI to depend on income: FM
- RBI working on strengthening its supervisory skills
- Advent set to buy a controlling stake in Bharat Serum
- Govt approves strategic stake sales in 28 PSUs
- YES Bank begins talks to extend November 30 binding offer deadline
- India committed to becoming a $26-bn defense industry by 2025: Rajnath
- NHAI to focus on execution, not on awarding new road projects: CRISIL
- ArcelorMittal hopes to complete Essar acquisition by December end
- Edelweiss to transfer wholesale loans worth Rs 2,000 crore to AIF
- Global trade in Q4 of 2019 likely to be below trend: WTO
- Company Law Committee bats for decriminalizing 46 penal provisions
- HeidelbergCement mulls acquisitions, brand push
- Global PE firm Advent picks up a majority stake in Daftary’s BSV
- Nissan recalls nearly 400,00 vehicles over braking system defect
- Synergy Group seeks time to bid for Jet Airways
- Aditya Birla Idea Payments Bank headed for liquidation
- Urban Ladder swings to profitability after battling losses, exits
- Government Panel recommends a review of disciplinary rules on directors, auditors
- Tata Motors to supply 500 electric cars to Lithium Urban Technologies
- Shree Cement seeks to raise over ₹2,000 crores via QIP
- ICICI Bank plans ₹20,000 cr capital boost via QIP
- PNB, Union Bank get the in-principal nod from govt for the proposed merger
- Govt mulling to reduce upfront payment for larger coal blocks to attract investors
- World goods trade may remain below trend in Q4 2019: WTO
- Government notifies Steel Scrap Recycling Policy: Dharmendra Pradhan
- TRAI hopes to finalize views on call connect charges by Nov-end: Official
- Frequent FDA visits slow down pharma exports: GV Prasad
- Major recovery for SBI, ICICI from Essar verdict
- NBCC, Suraksha Realty submit revised bids for Jaypee Infra
Morning Business News:
- Govt may soon ease up on FDI rules in a bid to revive the economy
- Tata Sons chief bats for the privatization of discoms
- Project delays cost overruns biggest negatives: AIIB
- FM speaks on measures taken to spur the economy
- The revival of royalty payment caps in the works
- Govt’s disinvestment plans on track: FM
- NSO’s junked consumer expenditure survey shows inequality gap declining
- India Inc Q2 profit at 15-yr low on record telco losses, net sales dip 0.8%
- Bharti Airtel, Vodafone Idea put the brakes on costs in September quarter
- RBI turns down banks’ plea to relax June 7 circular on stressed assets
- Backed by technology, banks beat economic slowdown by hiring more
- Draft industrial policy targets $ 1 tn gross value addition in manufacturing by 2025
- Green certificate sales down 2.25% to 6.87 lakh in October
- Q2 GDP growth to decline to per 4.9 percent: NCAER
- Essar Steel, Adani, GAIL, HPCL buy the bulk of Reliance gas
- Bharti Airtel withdraws bid for RCom assets citing questionable, unfair
- DHFL’s debt resolution plan hits a roadblock as collections drop
- Office property developers seek to monetize assets as investor interest peaks
- Centre explores new law to shield global investors
- Muthoot Finance to buy IDBI Bank’s MF business
- Elon Musk’s Tesla plans to invest $4.4 billion in Berlin factory: Report
- GST non-filers face cancellation of registration
- India has the potential for very rapid economic growth, says Bill Gates
- Penalize companies for non-compliance with Ambient Air Quality Norms: CII-Niti Aayog
- Winter session: IBC, BRA Bills top economic agenda
- CBIC refutes reports it demanded GST on salaries paid to CEOs
- Jaypee Infra insolvency: NBCC sweetens bid by offering more land & Benami flats to lenders
- Anil Ambani, 4 others resign from bankrupt Reliance Communications
- Govt working on a policy to push MSME exports: Gadkari
- Over half of India’s coal-fired power plants set to miss emission norm deadline
- Govt will be forced to slash spending this year too: Crisil
- Supreme Court paves way for
- Arcelor takeover of Essar Steel
Morning Business News:
- Govt plans to cut stake in IOC to below 51%
- ONGC Q2 profit slumps 24%; misses Street estimates
- Airtel flags ‘going concern’ risk after big Q2 loss
- GST return forms simplified, filing dates extended
- India resumes buying Malaysian palm oil
- Alstom to deliver 10 electric locomotives to rlys this fiscal
- L&T Cap likely to sell Dubai Wealth business
- At Rs 6 trn, CBDT’s direct-tax mop-up so far less than 50% of FY20 target
- 56% of UK companies upbeat about doing business in India: UKIBC Report
- Sebi allows exchanges to modify commodity derivatives contracts
- Glenmark Pharma net declines 38% to Rs 255.54 cr in September quarter
- Grasim Industries Q2 net jumps to Rs 1,473 cr on good show by subsidiaries
- Steel companies hike prices by Rs 500-750 a tonne for the first time this fiscal
- UK companies say a business with India may increase after Brexit
- Q2 results: NBCC reports a net loss of Rs 90.91 crore
- Vedanta Q2 profit rises 61% to Rs 2,158 cr
- Several wind power projects miss completion deadlines
- GVK Power’s Q2 loss widens to Rs 159 cr
- PNB bank fraud: CBI set to file fresh charges in $2 billion scams, says the report
- Union Bank of India posts Q2 net loss at Rs1,194 crore
- Malvinder Singh, former Fortis Healthcare promoter, arrested
- Moody’s affirms RIL’s Baa2 ratings with a stable outlook
- CCI approves Adani’s 23.5% stake-buy in Mumbai International Airport
- India resumes buying Malaysian palm oil as Kuala Lumpur offers discount
- US-China trade war is good news for India’s this export business
- Walmart Q3 earnings surge to $3.3 billion, beating expectations
- Downgrade: Now, Moody’s cuts India GDP forecast for 2019 to 5.6%
- Govt may hive off India Post’s life insurance biz into a separate company
- Wholesale price index eases to 0.16 percent in October
- Sensex ends 170 points higher; bank, IT stocks save the day
- ‘RBI to cut rates by 40 bps by Feb despite high inflation
- Aurobindo Pharma Ltd unit gets 14 observations
- Gold supply by domestic refineries dips by one-third
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