Morning Business News Round Up_ August 7, 2018

  •   Image result for HULHUL to acquire K’taka-based icecream brand Adityaa
    Buffett’s $111 bn cash pile intensifies buyback debate
    India a key market for portfolio transformation: Nooyi
    DoT amends licence conditions for net neutrality rules
    RCom to complete Rs 25K-cr assets sale by Aug-end
    HDFC Bank raises fixed deposit rates by up to 0.6%
    10% below-normal rainfall hits sowing of kharif crops
  •   Risks to macroeconomic stability from trade war
    No GST refunds for foreigners as of now as there is no provision:      FinMin
    Bank of Baroda puts Rs 28 billion non-fund exposure under watch list
    Mukesh Ambani’s Reliance acquires 5% stake in Eros International Plc
    Nestle explores inorganic growth route to expand product offering
    Maggi hits 60% market share, touches pre-crisis level in value terms
    Land acquisition: Govt to credit amount directly to owner’s a/c
    Britannia Industries to invest Rs 300 cr in dairy business
    HDFC AMC stocks spurt 58% on debut
    At 3.5 lakh tonnes, sugar exports way off target
    Arvind Ltd’s standalone net down 20% at Rs 64 cr in Q1
    US sanctions on Iran cast shadow on Indian exports
    Restore LoUs at the earliest with proper safeguards, RBI told
    Automobile industry planning ₹ 58,000 crore capex in 2 years
    IFC to invest $25 million in Mahindra Rural Housing Finance
    BPCL to shut Bina refinery for 45 days from mid-August
    Adani Power Q1 net loss doubles to Rs 825 crore
  •   Trump tariff fallout: India becomes steel dumping ground; imports from China jump 67%, Japan 47% and Korea 35%
    L&T construction arm bags orders worth Rs 1,296 crore
    Government sets up two task force for making aircraft, UAVs
    Government likely to raise import duty on 300 textile products to boost domestic manufacturing, employment
  •   Britannia proposes stock split, bonus debentures
    Regulate global proxy advisers: Uday Kotak
    SMP exports dip to 4% from 65% in 4 years
    Vehicle scrap policy to see more consultations: Gadkari
    Steel majors’ buying of stressed assets to boost consolidation