Morning Business News Round Up_Jan 15, 2018

 

Min panel’s proposal to end MAT on SEZs under review

C Sivasankaran warns of ?action? against Cyrus Mistry

Arun Jaitley launches India?s 1st agro options contract

Cairn India to invest Rs 37K cr to ramp up production

Govt’s new audit clause may give Big 4 a serious jolt

Auto firms to report robust profit growth in Q3

Rails supplied to railways are defect free, says SAIL

NPA disclosure rules: Sebi keen on implementing a revised proposal

Govt working on new schemes for next foreign trade policy to boost exports

Finished steel exports surge 29% in Dec; imports slip 26%

Govt to auction over 9,400 ‘enemy’ properties worth Rs 1tn

P-notes investment declines from Rs 1.31 trn to Rs 1.28 trn in November

Significant competition ahead from pvt sector: CIL chairman

SEBI permits voluntary exit of two exchanges

GDP growth not justifiable unless benefits reach farmers:FM

Doing business rankings based on hard data: World Bank

Vedanta urges govt to resolve retrospective tax issues

Nine of 10 most valued firms add Rs.66,619 cr in m-cap

SEBI plans rules for uniform pricing of corporate bonds

Bitcoin fever hits US real estate market

WEF ranks India 30th on global manufacturing index, Japan tops

Govt may drop proposal on self-reporting of income estimates, tax payments

Gold prices hit 7-week high on global cues

HDFC to raise Rs11,104 crore from investors including GIC, KKR

Govt plans review of functioning of independent directors

Facebook might lose $23 bn after announcing changes to News Feed

India needs more inclusive, active social policies, says economist Jean Dreze

Housing and Urban Affairs Ministry seeks three-fold hike in Budget allocation

 

Morning Business News Round Up_Jan 11, 2018

 

Price Waterhouse gets 2-year ban in Satyam case

India, China remain fastest growth economies: Moody’s

FDI norms in airlines, retail, construction eased

NCLT nod to start insolvency against Bhushan Energy

Department of Telecom defers meeting on call drops

Resolution of 12 large NPA accounts by month-end: SBI

CJI recuses from hearing pleas on Aircel-Maxis deal

PM, economists brainstorm on ways to revive growth

Larger PSBs to get bigger pie of recapitalisation bonds, says Fitch

Sebi forms special internal team working on relaxation for IBC companies

JSW Steel posts record crude steel output at 4.11 MT in Sept-Dec period

Reforms to slowdown in 2018 ahead of Lok Sabha polls: Moody’s

NMDC retail portion OFS fully subscribed; govt to fetch Rs 12 billion

Tata Motors global sales up 23% in December

Apex court asks Jaiprakash Associates to file list of ongoing housing projects

BSE, NSE to launch new IRF contracts from today

Cabinet approves closure of Tungabhadra Steel Products

SC keeps ban on Jaiprakash Associates asset sales

 

India to be fastest growing economy again in 2018: World Bank

Tata Chemicals gets shareholders? nod for Haldia unit sale

Telecom Commission favours raising spectrum holding limit

Apollo Micro Systems IPO subscribed 2.14 times on Day 1

Bank of Baroda is said to seek unit sale to bolster capital

New home launches plunge 78 pct in 2017 from 2010 peaks

Easing of FDI norm in realty brokerage to boost investment

HDFC Bank pegs GDP growth higher at 7.3% in FY19 on rural push

CAIT opposes 100% FDI in single brand retail via automatic route

Rlys raises freight rates after CIL?s price hike

UIDAI introduces ‘Virtual ID’ to address privacy concerns

Sony wants to be buyer in Media Consolidation

Software makers’ Q3 Profit to shrink on muted demand

Morning Business News Round Up_Jan 10, 2018

New industrial policy in few months: Suresh Prabhu

Telecom services cost may rise by 10%

CIL new pricing policy to be linked with quality

Spectrum holding cap set to be relaxed

 Jio price cut to delay telcos’ Arpu recovery in 2018

Crude oil rises above $68 for first time since May 2015

AI disinvestment process moving ‘expeditiously’: Govt

RBI’s first defaulter list: Liquidation value of steel firms at Rs 540 bn

Insolvency resolution: Vedanta, Tata Steel submit bids for Electrosteel

Sovereign wealth fund proposal back; may become holding company for assets

Essar in talks to sell its Equinox office to Brookfield for Rs 24 billion

Rs 6-trn direct tax collection rescues govt in fiscally difficult year

NMDC gets robust response for OFS

Wheat holding up to fog, ground frost; caution on pest attack

PM to commence Barmer refinery project next week: Pradhan

FMCG revenue seen rising 14.8% in Q3 on better rural demand

BIL Energy to turn ex-bonus on Thursday

Rural indicators point to worsening farm distress

Marks & Spencer seeks technology savings through TCS tie-up

Essar in talks with Brookfield to sell office buildings in Mumbai for Rs2, 400 crore

NCLT approves demerger of Emaar MGF

84 McDonald s restaurants in north, east India to reopen this week

Food bill: Unpaid subsidy may touch Rs 1.25 lakh crore

India mulls 70% safegaurd duty on solar equipment imports

Reliance Infrastructure moves MERC for sale approval of Mumbai power biz to ATL

Mexico inflation climbs at 16-1/2 year high, seen pressuring central bank

Nifty shows early signs of exhaustion

IOB defends decision to set off losses from share premium a/c

Coal India raises thermal coal prices to pay for salary rise

South Indian Bank Q3 net rises 3% to Rs 115 crore

Rs 6,000 cr Bharat-22 ETF round II fund raising likely in Feb

Morning Business News Round Up_Jan 8, 2018

Finmin asks PSBs to back stressed small businesses

Information technology sector may see muted Q3

Growth may be higher than CSO estimate of 2.1%’

US FDA may inspect Sun Pharma’s Halol site in Feb’

Insider trading: Orders against ex-MCX staff revoked

Equity MFs inflow at record Rs 1.3L crore in 2017

Chinese pharma firms may be blacklisted over quality

JSPL to raise Rs 10 bn via QIP in February: Naveen Jindal

Oil price hike shadow on govt, aviation industry

BSE to auction investment limits for Rs 66-bn govt bonds

Sheenlac Paints eyes takeover of JV with JNIL as latter enters NCLT

NPA crisis: 1,463 bad loan accounts owe PSU banks Rs 1 bn or more

Insolvency resolution: Sajjan Jindal’s JSW Steel may bid for Uttam Galva

NPCI plans to upgrade Unified Payments Interface

Centre readies PSUs for stake sale in FY19

Govt may opt for fiscal deficit range in Budget: ICRA

Farm growth may be higher than estimate

CBDT relaxes norms for MAT on firms facing insolvency

Essar’s AGC Networks to enter new markets

Q3 earnings likely to show first signs of revival

SBI reviewing minimum balance requirement, to make announcement soon

NACL Industries gets board approval to raise Rs3,000 crore

Paytm Payments Bank, IndusInd tie-up for fixed deposit facility

Aban Offshore promoters offer $600 million one-time settlement to lenders

Greater clarity needed in anti-profiteering rules:CII

Base effect lifts credit growth to 10.65 per cent in December

BSES launches rooftop solar single-point for apartment complexes

States asked to begin auction of 348 mining leases near expiry next year

UCO Bank willing to take 40-45% haircut to keep book free of NPAs, says MD

Strong lenders to get lions? share of Rs 80K cr recap bonds

Change in reporting methodology may hit MF performance

Morning Business News Round Up_Jan 4, 2018

India’s GDP growth to slip below 7% this fiscal

IBC’s objective not to emphasise on liquidation: NCLT

RIL likely to see big cash flow boost: CLSA

Parl panel suggests govt to form law on data privacy

Insolvency professionals can’t outsource work: IBBI

RBI puts Allahabad Bank under corrective action

Defence deals worth Rs 2.40 lakh cr signed in 4 yrs

Banks recapitalisation: Govt to infuse Rs 76 bn into six weak PSBs

Sebi allows commodity bourses to raise transaction charges

India cancels $500 mn defence deal, says Israeli arms firm Rafael

SBI-led consortium to give Rs 150-bn loan to 350 km Purvanchal Expressway

Future Group may buy Snapdeal’s logistics arm for Rs 500 mn: Sources

Dominion Energy to buy Scana Corp in $7.9-bn deal

Telecom policy draft eyes $100-b investment, sees India as global data hub

TRAI invites inputs on new telecom policy

NBCC bags contracts worth Rs. 315 cr

At 10.3 mt, sugar output up 26% in Oct-Dec

Rising costs, weak demand to hit profits of cement firms

Coal India e-auction fetches 76% premium in Q3 FY18

Fresh investments in India plunge to a 13-year low as stalled projects rise

Crude at 31-month high, oil marketing companies likely to be under pressure

Indian Bank revises interest rates for FCNR(B) deposits

Telcos may post weak Q3 on cut in interconnect usage charges

Arrow Electronics to buy Gujarat-based e Infochips

Niti Aayog?s three-point formula for India to beat China?s economic growth

India probes cheap synthetic rubber import from China

Financial inclusion drive must target the poor: RBI Governor D Subbarao

RBI may announce OMO purchase next week to cool yields

Revised concession pact for PPP projects at ports gets cabinet nod

Pak replaces dollar with yuan for bilateral trade with China

Valuation concerns shroud proposed ONGC-HPCL merger

Morning Business News Round Up_Jan 4, 2018

Morning Business News :

  • India’s GDP growth to slip below 7% this fiscal
  • IBC’s objective not to emphasise on liquidation: NCLT
  • RIL likely to see big cash flow boost: CLSA
  • Parl panel suggests govt to form law on data privacy
  • Insolvency professionals can’t outsource work: IBBI
  • RBI puts Allahabad Bank under corrective action
  • Defence deals worth Rs 2.40 lakh cr signed in 4 yrs
  • Banks recapitalisation: Govt to infuse Rs 76 bn into six weak PSBs
  • Sebi allows commodity bourses to raise transaction charges
  • India cancels $500 mn defence deal, says Israeli arms firm Rafael
  • SBI-led consortium to give Rs 150-bn loan to 350 km Purvanchal Expressway
  • Future Group may buy Snapdeal’s logistics arm for Rs 500 mn: Sources

Image result for Future Group may buy Snapdeal

  • Dominion Energy to buy Scana Corp in $7.9-bn deal
  • Telecom policy draft eyes $100-b investment, sees India as global data hub
  • TRAI invites inputs on new telecom policy
  • NBCC bags contracts worth Rs. 315 cr
  • At 10.3 mt, sugar output up 26% in Oct-Dec
  • Rising costs, weak demand to hit profits of cement firms
  • Coal India e-auction fetches 76% premium in Q3 FY18
  • Fresh investments in India plunge to a 13-year low as stalled projects rise
  • Crude at 31-month high, oil marketing companies likely to be under pressure
  • Indian Bank revises interest rates for FCNR(B) deposits
  • Telcos may post weak Q3 on cut in interconnect usage charges
  • Arrow Electronics to buy Gujarat-based eInfochips
  • Niti Aayog’s three-point formula for India to beat China’s economic growth
  • India probes cheap synthetic rubber import from China
  • Financial inclusion drive must target the poor: RBI Governor D Subbarao
  • RBI may announce OMO purchase next week to cool yields
  • Revised concession pact for PPP projects at ports gets cabinet nod
  • Pak replaces dollar with yuan for bilateral trade with China
  • Valuation concerns shroud proposed ONGC-HPCL merger

Morning Business News Round Up_Jan 3, 2018

Morning Business News :

  • Open to raising deposit insurance cap of Rs 1 L: FM
  • Govt notifies 1 per cent GST for composition scheme
  • No proposal of PSB merger under consideration: Govt
  • Reliance Industries completes $16-billion expansion
  • Bitcoin not a legal tender in India, says Arun Jaitley

Image result for Bitcoin

  • Rupee climbs to fresh 2.5-year high on sliding dollar
  • Gold imports surge 67% in 2017 on restocking
  • Parliament passes Insolvency & Bankruptcy Code Amendment Bill
  • Ruias plan to pay interest, penalty of Rs 35 bn to retain Essar Steel
  • RIL commissions world’s largest refinery off-gas cracker at Jamnagar
  • Prinicipal Financial to buy PNB’s minority stakes in JVs
  • Average aluminium prices to move up by $150 in 2018-19: Nalco CMD
  • ONGC makes significant oil, gas discovery in Arabian Sea
  • TRAI issues interconnectivity rules; fixes 30-day deadline for inking pacts
  • Tata Power commissions 50-MW solar plant in Karnataka
  • Political funding clean up: Electoral bonds scheme takes off
  • Lemon Tree Hotels gets SEBI’s nod for IPO
  • December PMI data signals revival in manufacturing, Indian economy
  • Sebi plan on loan defaults runs into RBI hurdle
  • RINL’s April-December turnover zooms to Rs11,405 crore
  • Bharatmala project may not be a game changer for cement demand
  • Sanjeev Gupta to acquire Glencore’s Tahmoor coal mine in Australia
  • Production of horti crops to hit all-time high
  • Parliament passes bill to raise Nabard’s capital to Rs 30,000 cr
  • Clean energy crosses 62 GW mark; solar over 16W, wind 32.7GW
  • Average traffic speed in top 7 cities drops by 3 kmph: Ola
  • US may stop H-1B visa extensions, send 750,000 Indians back home
  • Volkswagen India charts out growth path
  • MTM losses may require govt to frontload capital in PSBs
  • Banks to refer 25 accounts to NCLT

Morning Business News Round Up_Jan 1, 2018

DoT to send notice to Jio, others to recover Rs 2.5k cr

SAIL to bid for stressed assets of Essar, Bhushan Steel

Looking to expand further in India: Tata Steel

Telecom sector looks to dial up growth in 2018

Investors get notices for Remittance Scheme breach

SFIO conducting additional inquiries in Kingfisher case

Oil, Fed hike raise risk to 2018 equity rally

Wipro, Tech Mahinda among 15 firms shortlisted by Sebi to check IT threats

MFs remained bullish, invested over Rs 1 lakh cr in stocks in 2017

Foreign bank ATMs fell 18% in 3 yrs due to closure of operations: Govt

Traders want CTT abolished in processed agro commodities

Rising oil prices may put pressure on the Budget

FPIs withdraw Rs. 5,900 cr from equities in December

Engineering exporters seek parity in domestic steel, export prices

SEBI swoops on stock traders to crack WhatsApp leak case

Clearing backlog of cases, a big challenge for SEBI

Finance ministry asks public sector banks to consider selling, swapping loan assets

Govt moves to crack down on tax evasion under GST regime

PNB hikes interest rate on term deposits by up to 1.25%

Central Bank of India to consider raising Rs323 crore from govt

PSBs receive capital infusion from government

Make reforms while sun shines on world economy: IMF chief Christine Lagarde

Construction of houses in rural India under scheme on target in 2017

Realty sector tested by critical reforms this year; hopes for better 2018

NLCIL achieves financial closure for UP thermal power project

Financial, education & employment frauds on the rise: expert

Amazon raises number of rural partners 8 times

Corruption still a pain point for foreign investors

Atlas Copco arm aims at doubling revenue to Rs 2K cr

Despite distress, PE investment in real estate touches Rs 40,000 crore

FinMin asks PSBs to consider selling, swapping loan assets

Morning Business News Round Up_Dec 27, 2017

Bar on wilful defaulters not a moral issue: IBBI chief

FinMin to issue recapitalisation bonds to PSBs in Jan

Tatas need simpler mgmt structure: Chandrasekaran

Non-compliance to be ‘very costly’ for cos: Govt

Tata Steel said to seek $5.1 bn to help refinance debt

Essar Oilfields begins drilling oil off Gujarat coast

GST collections for November dip further to Rs 80,808 cr

India to become world’s fifth largest economy in 2018, says CEBR

NSE revises penalty structure for unauthorised trades

Sebi may ease FPI norms, plans new governance model for mutual funds

Sebi disposes of case against OPG Sec in Prakash matter

RCom announces debt revival plan, ropes in new investor

Rhizen gets orphan drug designation for cancer drug

Non-ferrous metal prices to remain firm next quarter: ICRA

Mahindra picks over 16% equity in Bayside Sports

SBI Manufacturing index inches up to 53.1 in December

RCom asset sale: Telecom sector consolidation enters its last phase

Sebi slaps fine on FTIL for changing name to 63 Moons Technologies

Cummins in talks to acquire Kirloskar Oil Engines in $500 million deal

ONGC Videsh to buy, not drill, its way to output goal

IDBI Bank disengages Moody?s from rating bonds

Commerce ministry panel suggests change in SEZ rules

Indian economy to better than UK and France in 2018, says CEBR report

RCom announces debt revival plan, ropes in new investor

Employee unions of public sector banks defer tomorrow?s strike

PMEAC keen on infra financing outside budgetary support

IT hiring on the path of steady recovery

DeMo, GST impact: Number of new EPFO subscribers drops sharply

Sebi plans to revisit directive on loan default disclosure

BSE firms touch Rs 50L cr as big domestic investors rival FPIs

Morning Business News Round Up_Dec 26, 2017

Divestment: Govt may target some profitable PSUs

IOC, BPCL top suitors, but GAIL seeks ONGC merger

PFRDA looks at ways to allow minors open NPS account

RBI may extend pause on rate cut as oil prices firm

Government starts safeguard duty probe on solar cells

Patanjali inks Rs 671 cr pact for Chhattisgarh food unit

Aditya Birla, Piramal-Bain, Shree make aggressive bids for Binani Cement

2G verdict: STel to move Supreme Court, seek compensation

Firm domestic coking coal price upsets steel sector

Nine partner countries on radar for 2nd ‘Make in Odisha’ conclave

Individual insolvency regime to be operational in phased manner

Sebi may ask companies to inform bourses as soon as loan default occurs

Dilip Buildcon gets board approval to raise Rs. 600 cr

Cotton prices seen holding firm in 2018 on slow arrivals

SEBI plans to revisit directive on loan default disclosure

FPIs net outflow from equities at Rs. 7,300 cr in Dec so far

Offshore India funds, ETFs register $565 mn inflows in Nov

Sebi board to finalize norms for advisers, rating agencies

Reliance Industries aims to be among world?s top 20 firms

Govt starts safeguard duty probe on solar cells

Indian airlines to induct over 900 planes by 2025

Code for pharma marketing practices may be enforced soon

Only 1.7% citizens paid income tax in AY 2015-16, says official data

Gems and jewellery exports contract 4.8 pc in April-November

SAIL may return to profit next year, says Steel Secretary Aruna Sharma

Finance Ministry asks PSBs to rationalise overseas, domestic branches

1,110 more FPIs register with Sebi, indicates rising interest in capital market

HDFC M-cap of Rs 8.52 L cr is 2nd only to Tatas

DoT unlikely to tinker with licence fee, spectrum charge

E-comm market may cross $50b in 2018

Trai inputs to DoT on NTP by January-end, says chairman