- IMF unveils new corruption policy for member states
- US-China trade war to hurt global growth: EIU
- TCS bets on Business 4.0 to push digital revenue to over $5 billion
- Sebi may seek forensic probe of ICICI Bank books
- Ordinance against fraud fugitives gets President’s nod
- E-commerce think tank to hold first meet on April 24
- Russia adds Google IPs to registry of banned sites
- India’s crude steel output to soar by 38% to 140 million tonnes in 2018
- Ahead of merger with Vodafone, Idea’s 100% FDI proposal under consideration
- Goa Shipyard to go public next year; eyes Rs 50-bn revenue in 5 years: CMD
- IIFCL tears into Jaypee Infra bid evaluation process, calls for fair review
- FPI outflow in April at Rs 80 bn on trade negotiations, rising bond yields
- Indian ‘elephant ready to run’ after sustained economic reforms: IMF official
- Govt will roll out a red carpet to foreign steel cos?
- India’s GDP expected to reach $5 trillion by 2025: Economic Affairs Secretary
- Real GDP growth may expand to 7.4% in 2018-19: RBI Governor
- Fugitive economic offenders Ordinance gets Cabinet nod
- TCS platform enables transparent data-sharing
- World Bank approves $13 billion capital boost as US drops objection
- HDFC Bank Q4 net profit rises 20% to Rs4,799 crore
- L&T sells Bengaluru land parcel to Phoenix-CPPIB platform for Rs650 crore
- Investors in IBC companies face a harsh reality
- Tata Motors’ market share in commercial vehicles rises to 44% in FY18 on turnaround strategy
Flipkart could sell controlling stake to Walmart as early as next week
- IBC, RERA conflict apparent in some bankruptcy proceedings: Assocham
- Mahindra Electric ties up with Meru for e-vehicle project
- RP tells NCLT Rewant Ruia end beneficiary of Numetal
- India calls for increase in voting rights at World Bank
- IMF, World Bank must develop strategy for enhancing public debt transparency: India
- US Hints at China Truce as World Warns of Trade-War Threat
- RBI circular barring banking service for crypto-currencies challenged in HC
- Nickel gains on possible sanction worries
- OTC biz to contribute 15-20% to revenues
- US-China trade war boosts cotton exports
Category: Market Summary
Morning Business News Round Up_April 20, 2018
TCS Q4 profit rises 4.5%; approves 1:1 bonus issue
WhatsApp leaks case: Sebi scanning Facebook likes
NCLT rules 2nd round of bids for Essar Steel invalid
Fortis board to form committee to evaluate bids
RIL-BP sanction satellite gas field in KG-D6
Blockchain all set to revolutionise shipping industry
Withdraw up to Rs 2,000 via PoS free of charge: SBI
CCI slaps Rs 215 cr fine on Eveready, Indo National
IMF lauds India for ‘right policies’ to lower debt, bats for transparency
Oil soars to 3-yr high as Saudi withholds supply, seeking $80-100 a barrel
As part of $4.2-bn global deal, P&G to acquire Merck India for Rs 12.9 bn
HDFC life Q4 PAT up 24% at Rs 11 billion in FY18; total premiums rise 21%
IndusInd Q4 net up 26% at Rs 9.5 bn; divergence seen with RBI on NPA data
Some MPC members doubt if growth would be sustainable: RBI minutes
Net interest income boosts IndusInd Bank net profit up 27%
Group of shareholders seek removal of 4 directors: Fortis
Godrej Security eyes 20% growth in home safes biz
Metal stocks drive Sensex up 96 points; Tata Steel soars 3.2%, YES Bank 2.83%
Rupee dips to 65.80 on dollar demand, rising crude oil prices
Metal stocks shine as LME aluminium hits near 7-year high
RCom tower, fibre assets sale plan suffers setback
Warburg set to exit Avtec, sell 30% stake to CK Birla Group
No relaxation in new bad loan rules, indicates RBI
Government?s fighter jet tenders may be worth Rs1 trillion
SSG Capital buys 47% stake in Shapoorji Pallonji Finance
RBI minutes: Urjit Patel in favour of more data before changing policy stance
US may reject India’s plea to join China in tariff dispute
NCLT directs Essar Steel lenders to consider Numetal, ArcelorMittal bids
‘Jio-fication’ propels Mukesh Ambani to World’s Greatest Leaders List
Group of Ministers proposes ?One Nation One Tax? for commercial vehicles
RBI to recoup forex reserves despite being put on US watch list, says report
India to invest more than 1 billion pound in UK
MSME ministry to hold global SME convention this month
SC allows Sahara to sell properties in Aamby Valley by May 15
FTTL raises 2nd tranche of funds
India leads South Asia in occupational frauds
Defence stocks start rising after Expo boost
Base metals surge on fears of supply disruptions
Morning Business News Round Up_April 18, 2018
China’s Fosun emerges as the 4th contender for cash-strapped Fortis
RBI Governor called by parliamentary panel on May 17
1.55 L post offices to be empowered as Payments Banks
RBI ramps up printing of currency notes
India to grow at 7.4 per cent in 2018: IMF
Swedish cos to invest 1.1 billion dollars in India
Rupee tanks to near 7-mth low of 65.64 a dollar
NCLT approves Vedanta’s resolution plan for insolvent Electrosteel
IMF sees world economy weaker post-2020, lifts US estimate to 2.9%
Rs 29-bn Rotomac case: CBI questions former Bank of Baroda CMD, 5 others
Bharat-22 ETF follow-on offer could be worth Rs 100 bn: Finance Minnistry
Higher tariffs could harm market sentiment, disrupt supply chains: IMF
GST to cut construction costs, not housing prices: report
India, US announce joint task force on natural gas
Crisil Q1 net jumps 14% on cost-control, better margins
Indian Hotels enters Saudi with first Taj hotel in Makkah
Marico to acquire up to 22.5% in Revolutionary Fitness
NHPC’s 50 MW solar project synced with grid
Aditya Birla Group in talks to raise $1 billion for Idea Cellular
Kedaara Capital may buy Munjals’ Sunbeam Auto for Rs650 crore
Mahindra & Mahindra joins Rs1 trillion market cap club
Crypto-exchange CoinRecoil challenges RBI order on cryptocurrency in Delhi HC
Deutsche Bank said to shelve $4.6 billion India portfolio sale
Indian investment proposals in France jump 73% in 2017
Six more states to launch intra-state E-way bill from April 20
Cash crunch: RBI clarifies sufficient cash in currency chests, printing of notes ramped up too
Glenmark Pharma to begin phase 2b clinical trial of atopic dermatitis drug
Government contemplating industrial health clinics for sick MSMEs
Govt raises FY19 highway project award target to 20,000 km: Gadkari
MFs get over Rs 67K cr from SIPs in FY18
IPO-bound HDFC AMC posts 31% rise in FY18 profit
CBI files Rs 621cr Punjab & Sindh Bank fraud case
Morning Business News Round Up_April 16, 2018
- ‘Chinese investment risks Pak running into debt trap’
- Auditor BDO flags rule violations in Educomp deals
ICICI Lombard frontrunner for Star Health
- Saudi against US plan to transfer embassy to Jerusalem
- Banks’ NPAs to rise by Rs 8,000 crore in Q4
- Tata Steel India posts highest output at 12.48 MT
- Eight of top 10 firms add Rs 83,672 crore to m-cap
- Govt raises Nabard’s authorised capital to Rs 300 bn to aid rural economy
- PNB scam: ICAI sends notices to statutory auditors of Brady House branch
- NITI Aayog VC says India will not take sides in US-China trade spat
- India to work with China against OPEC’s ‘Asian Premium’: Pradhan
- Lakshadeep emerges front-runner for Jaypee Infratech with Rs 73.5-bn bid
- Business as usual: RBI crackdown fails to deter bitcoin traders
- Maruti hits top gear, gaining more of passenger car market share in 2017-18
- CBIC details procedures on e-way bill verification, inspection of goods
- French defence major Thales sees India as manufacturing, export hub
- Balmer Lawrie looking at organic growth across businesses
- RIL, JM Financial bid to acquire Alok Industries rejected
- I-T dept seizes Rs 440 cr dividend income of Cairn Energy
- RBI scrutiny in 2016 found no ?quid pro quo’ in ICICI Bank loans to Videocon
- Embassy to invest $1 billion on warehousing space, says CEO
- IDBI Bank prepares roadmap for NPA reduction, improving financial health
- Facebook doesn’t use WhatsApp payments data for commercial purposes: WhatsApp
- Blackstone’s new $4 billion fund gives India top billing
- RBI ban on Letters of Undertaking: Switch to local credit may squeeze liquidity
- Electrosteel Insolvency case: IBBI fines Electrosteel resolution professional
- Insolvency and Bankruptcy Code effect: Banks stare at large haircuts
- Intra-state E-way bill rolled out in 5 states including Gujarat & Kerala
- India to rank among top 5 cosmetics markets
- Aluminum surges on supply constraint fears
- Mid- & small-cap segments bound to grow in years to come
- Guar gram prices may rise on exports demand
- 19 coalmines auction likely this quarter
- NPA maze: Govt for scrapping of one-day default norm
Morning Business News Round Up_April 13, 2018
- Hero-Dabur now in race for Fortis Healthcare
Essar Oil settles $2.5 billion Iran oil dues
- Govt should re-look at certain IBC provisions: Kotak
- Vedanta pledges $700 million to Konkola Mines, Zambia
- Funding a challenge for Rs. 8 tn Sagarmala projects
- Bitcoin surges 16% in sudden move to top $8K
- India, China join ranks to negotiate with oil producers for better bargain
- Etihad sends feelers to Anil Ambani to buy 76% stake in Air India
- Fresh fund infusion by Munjals and Burmans may alter Fortis sale plans
- IDBI Bank: High NPAs, new bad loan rules seen offsetting inflows
- Vedanta to save Rs 800 per tonne in long-term bauxite deal with OMC
- Industrial production grows 7.1% in February
- Binani creditors’ forum seeks forensic audit of resolution process
- Oil Minister says no order to PSUs to absorb auto fuel price hike
- Exports to grow at 5.96% in Jan-Mar qtr: Exim Bank
- JP Associates deposits 100 cr in home buyers’ case
- Videocon loan case: Embattled ICICI board plans investor outreach
- Boost for Indian economy as inflation eases further, industrial growth rises
- JSW Steel-AION Capital emerges successful bidder for Monnet Ispat
- RIL, JM Financial bid jointly for Alok Industries
- Sebi issues disclosure norms to govern new mutual fund schemes post-merger
- Uptick in economic growth positive for Indian asset backed loans:Moody’s
- Raghuram Rajan says India?s economic growth looks pale only when compared with China
- This $100 billion investor pins hope on Modi’s war on NPAs; sees India as engine of growth in 3-5 years
- CBDT proposes changes in norms for advanceruling
- 15th Finance Commission mired in controversy
- Stressed loans plateauing, provisions to remain high
- A-I recorded 11% revenue growth in FY18: Kharola
- ICICI, Axis troubles point to governance issues in Indian banks, says S&P
- RBI should scrap 70-year age bar for pvt bankers
Morning Business News Round Up_April 12, 2018
- Oil cos say no directive from govt to defer price hike
- Adani, Punj Lloyd, Rave tie up for aerospace & defence
- Banking crisis has impacted investment flows: IL&FS
- Tata Sons to consolidate aerospace, defence businesses
- Former RBI Dy Guv HR Khan joins Bandhan Bank board
- JSW Steel’s Monnet Ispat win a ‘mockery’: ArcelorMittal
- Govt floats proposal for first offshore wind project
Indian economy to grow 7.3% this fiscal, fastest across Asia: ADB
- Govt’s social sector spending inadequate by global standards, says RBI
- Foreign funds with India link face uncertain future over Sebi’s diktat
- After touching 20-mth low in Feb, MFs see redemptions of Rs 500 bn in March
- Brent hits highest since Dec 2014 as Trump pledges Syria missile attack
- Air India buyer has to takeover interest-bearing debt of around Rs 165 bn
- Digital transformation will add $154 b to India’s GDP: Microsoft study
- Kochhar likely to continue as ICICI Bank chief for now
- Second wave of shale oil has started: IEA’s Birol
- ABG Shipyard: Lenders seek details on Liberty House bid
- Construction equipment major JCB upbeat on India
- Petronet LNGeyes first-ever overseas project
- Saudi Aramco partners Indian Oil, others to set up world’s largest refinery in Ratnagiri
- RBI enters the exciting new world of Big Data analytics
- L&T signs MoU with Bharat Electronics for defence products and systems
- NSEL scam: 63 Moons to move Bombay HC for defreezing accounts
- Jet Airways opts out of Air India stake sale process
- International Energy Forum 2018: Narendra Modi pitches for providing affordable energy to poor
- IMF chief Christine Lagarde optimistic on global growth, but warns against trade protectionism
- Government may take controlling stake in GSTN, even 100 pct
- RBI imposes Rs 30 mn penalty on IDBI Bank
- Banking on Modi?s reforms, world?s largest oil producer invests in $44 billion India refinery project
- Mahindra Powerol forays into gas genset segment
- BoB auctions assets way below loan value
- Govt to split gas marketing, transportation
- IHH preparing to rival TPG-backed firm’s Fortis bid
- Govt mulls maiden overseas sovereign bond sale
Morning Business News Round Up_April 11, 2018
Manipal-TPG sweetens offer to buy Fortis Hospitals
Jio & Airtel ahead of Voda & Idea in call quality: COAI
Oil set to pinch more as Saudis eye crude price@$80
Dalmia Bharat seeks RBI help in Binani settlement
Fitch Ratings downgrades PNB’s creditworthiness
Wipro’s Rishad Premji appointed Nasscom chairman
Logistics companies plan to build and own warehouses
Government mulls to convert GST Network into 100 % state-owned company
Google files plea in NCLAT against CCI penalty for ‘search bias’
RBI plans to collect information on loan to Videocon from ICICI Bank
AION-JSW’s Monnet plan gets 98.97% committee of creditors’ voting
No bias against states in finance commission’s terms of reference: Jaitley
Vedanta’s plea to restart Sterlite unit operations in Tuticorin rejected
TN sugar output seen up a tad, but still at historic low
Passenger vehicle sales rise 6.38% in March
Hit by NPAs, IDBI pins hopes on its revival strategy to come out of the red
Essar Ports to up capacity utilisation at its terminals
Tech Mahindra, Balbix tie up for AI-based cyber security platform
India joins bankruptcy proceedings of Nirav Modi firms in US
Airtel, Telkom Kenya said to seek merger to take on Safaricom
ONGC, Rel in talks with customers to sell east coast gas
Air India sale: Buyer has to take on interest-bearing debt of Rs16,500 crore
China’s Ant Financial aims for $9 bn in new funding: Report
10-year bond yield surges 15 bps, rupee closes higher against US dollar
5 states account for 61% of e-way bill generation: GSTN
US budget deficit to surpass $1 trillion by 2020, two years sooner than expected
World’s largest solar park to come up in Gujarat, says CM Vijay Rupani
Louis Berger consortium bags contract for Mumbai Metro 4 line
Government withdraws memo inviting bids for Pawan Hans sale
India anti-trust case against Google goes to appeal
India, Egypt hold talks on providing new investment opportunities
BoB auctions assets way below loan value
Beneficial owner defined as one controlling FPI
Lenders okay JSW bid for Monnet
Cotton output pegged at 360 lakh bales
Morning Business News Round Up_April 10, 2018
Issue public notice to auction Unitech’s assets: SC
Fraud is bank’s issue; won’t seek govt support: PNB MD
DMRC must pay 80% of RelInfra subsidiary’s debt: HC
IMF chief Lagarde says global recovery taking root
L&T terms Bhushan’s resolution plan as discriminatory
Govt may pay cane growers to help sugar mills
Govt may pay cane growers to help sugar mills
Global IT spending to grow 6.2% in 2018, hit $3.7 trillion: Gartner
Finmin may ask Sebi for relaxing minimum 25% shareholding norms for PSUs
Reliance Infrastructure wins Rs 10.81 billion EPC project for Kudankulam
NSE to move 15 firms to restricted trading category for surveillance review
Allegations against ICICI bank pose reputational risks: Fitch Ratings
Cement sector likely to post flat 5% growth in FY19: Report
Alembic Pharma gets USFDA nod for Acyclovir ointment
Pesticide-makers oppose provisions of new Bill
ED raids Vadodara firm, directors in Rs.2600-cr bank loan fraud
Max corruption complaints against railways, banks: CVC
Tariff hike issue: India wants amicable settlement with US
Govt likely to pay cane growers to help sugar mills
ICICI Bank board said to be divided over CEO Chanda Kochhar?s future
Bharat Petroleum may hive off gas business into separate wholly owned subsidiary
Swiss Aviation Consulting denies bid for Air India assets
Aircel bankruptcy seen hurting Wipro’s Q4 results
Sebi strengthens algo trading norms, co-location facilities
Novartis to pay $8.7 billion for gene-therapy company AveXis
NITI Forum to meet in Agartala tomorrow; to give boost to the development projects
Largest mortgage player HDFC hikes lending rate by up to 0.20%; increase in RPLR is effective from April 1
After RBI’s objection, Axis Bank CEO Shikha Sharma re-appointed only for 6 months
New biz models may create headwinds if Indian firms unable to evolve
Mild revenue growth ahead for IT industry
Bourses asked to give co-location services to small players
PSUs get 100-day deadline for development roadmap
Creditor drags BHEL to NCLT to recover over Rs 1 crore due
Morning Business News Round Up_April 6, 2018
- RBI maintains status quo, keeps repo rate unchanged
- SFIO receives complaint against Larsen & Toubro
- Need to correct legal asymmetry in RBI’s powers: Urjit
- US trade deficit rises to near 9-1/2-year high
- Israeli firms IAI & Rafael taken out of restricted list
- Bank treasury to get more flexibility in managing cash
RCom hopes to cut debt by Rs 25k crore
- GDP growth projected to strengthen to 7.4% in FY19; 7.3-7.6% in H2: RBI
- Rupee surges 18 paise on bullish RBI growth call, low inflation forecast
- Depositories to monitor foreign investment limits in Indian cos: Sebi
- Special Rs 26-bn package to boost export of leather products, footwear
- RBI looking to introduce central virtual currency, bans bitcoins
- L&T construction arm bags orders worth Rs 3,376 cr
- SC vacates stay on sale of RCom?s wireless assets to RJio
- Trade stand-off: Indian cotton exports to China may bloom
- India Yamaha Motor sets up 1,100 KW solar plant at TN unit
- Hindustan Coca Cola Beverages sets up plastic recycling initiative in Hyderabad
- CBI books Vadodara firm for Rs2,654 crore fraud; raids premises
- NYSE agrees to acquire 136-year-old Chicago Stock Exchange
- UltraTech?s last-minute $1.1 billion bid entertained by Binani Cement lenders
- 10-year bond yield slumps 17 bps as RBI cuts inflation forecast
- RBI dumps GVA model, switches back to GDP to measure economy
- 20:80 gold scheme comes back to haunt RBI; CBI quizzes its 4 senior officials
- Modi government cuts nuclear power capacity addition target to one-third
- Domestic air travel demand soars to 22.9% in February, says IATA
- Kirloskar introduces affordable farm machines
- Smaller MFs grow faster than large funds in FY18
- Govt to recover revenues from likes of Mallya
- Finance minister suffering from kidney ailment
- CBI questions RBI officials in PNB scam
Morning Business News Round Up_April 5, 2018
ICICI Bank risks class action suit in US: Jefferies
China hits back, slaps tariffs on 106 US products
‘India ranks 3rd among nations facing cyber threats’
India to offer $3-4 bn plan for Iran gasfield: Sources
‘Banks stare at $38 bn new dud loans from power sector’
Loan write-offs decline to 13% of gross NPAs: RBI
No loans given outside consortium to Videocon: ICICI
Indian telecom billionaires plan $6 billion warchest
Average phone call rate falls to 19 p/min, data tariff to Rs 19/GB: Govt
Amazon may offer to buy Flipkart to counter Walmart’s bid: Report
NCLT allows new claims of Rs 8 bn against Monnet Ispat & Energy
Idea worst hit in Q4 among telcos, to report a five fold increase in losses
India bags second position in crude steel production, output up by 3.4%
PNGRB issues new bidding norms for CNG, PNG retail licence
`Over 17 lakh e-way bills generated in 3 days
Amendment in solar bidding norms positive, says ICRA
NCC gets orders worth Rs 1,085 cr
NBCC to construct bunkers along Indo-Pak border
Capacite Infra bags order worth Rs 365.5 cr
Numetal, Arcelor seek to cancel each other’s Essar Steel bid
Jet Airways to buy 75 Boeing 737 Max jets worth up to $9.7 billion
MFs add 32 lakh investors in 1 year due to ad campaign
Reliance Power to raise up to Rs2,000 crore via QIP
Ranbaxy’s demise wake-up call for business families in India
PE exits in India grew over 60% to $15.7 bn in 2017: Bain
Chinese handset major Xiaomi to bring ‘crowdfunding’ platform to India
Big drop: Remittances sent by Indians abroad fall by $8.5 bn between 2014-15 and 2016-17
Trade war finally begins as China set to slap 25% reciprocal tax on US products; markets tumble
China hits soybeans, aircraft in counter-punch to Trump tariffs
BEL clocks a milestone turnover of Rs10,000 cr
Banks saw frauds worth Rs 18,170 cr in FY17: IiAS
PNB allowed to spread fraud losses over four quarters
Govt may accept insolvency panel report sans changes