Morning Business News Round Up_ Dec 04, 2018

  • Not received any query so far from Sebi: Sun Pharma
  • GSK to buy cancer drugmaker Tesaro for $5.1 billion
  • NCLT asks former directors of IL&FS to disclose assets
  • CCI clears Nippon Steel’s 51% acquisition in Sanyo Steel
  • Navy encashes Reliance’s bank guarantee in vessel deal
  • Govt clears Rs 91,149 crore GST refunds to exporters
  • Government permits export of gold idols with certain conditions
  • HUL, GSK ink Rs 137-bn merger in India’s biggest consumer goods deal
  • Crisil cuts India’s growth forecast to 7.4% on weakening global growth
  • Govt to mop up Rs 90 bn by selling off land, realty assets of Air India
  • Syndicate Bank aims to return to profit in Q4, eyes Rs 8-bn haul from NCLT
  • Sebi brings in confidentiality in settlements, gets tough on defaulters
  • IOC aims to be global refinery tech provider
  • CAD may widen to 3% in September quarter: ICRA
  • India’s advertising expenditure to soar 15% in 2019: Zenith
  • Bajaj Auto November sales grow 25 pecent to 4,06,930 units
  • NMDC cuts iron ore prices by Rs 300 per tonne
  • PVR plans sub-brand to enter smaller towns; may also take over  
  • Sun Pharma shares fall 7.5% after whistleblower email to Sebi
  • EPFO likely to increase proportion of funds to UTI for ETF investment
  • Yes Bank appoints ex-IRDAI chief T.S. Vijayan as independent director
  • Gujarat allows power tariff hikes, in relief to Tata, Adani, Essar
  • Only 19% family businesses have succession plan: Report
  • India registers 10% growth in containerised trade in Q3 2018, says report
  • Over 18.10 lakh registered companies, only 62% active at end of October, says official data
  • China agrees to ‘reduce and remove’ tariffs on US cars, says Donald Trump
  • Relaxed norms to help home finance companies
  • Gujarat allows pass-through of coal cost for Tata, Adani plants
  • RCom inches to spectrum sale to Jio
  • Irdai proposes changes in registration norms for insurance firms