Morning Business News Round Up_ Dec 19, 2018

  • LIC makes open offer to acquire 26% stake in IDBI Bank
  • RBI to infuse Rs 50,000 crore in January, bonds likely to rally
  • NSE gets Sebi’s nod to launch weekly options on Nifty 50 index
  • IDFC, Capital First completes merger process to form IDFC First Bank
  • India’s sugar production up 2.1% till December 15: ISMA
  • MOPE and InvAscent buy 70% in Symbiotec for $100 m
  • Almost 45% of seller base from tier-II, III cities: Flipkart
  • India imports 42 lakh tonne of urea till November for over USD 1 billion
  • Saudi Arabia, Reliance in talks for refinery, petrochemical project: Saudi Oil Minister
  • Premium brands pitch easy finance and instalments over superior features
  • Bank notes’ printing cost rose to Rs 80 billion in FY17, says govt
  • BNP Paribas sets 2019 Sensex target at 40,000, but stays wary on earnings
  • Sebi concerned as Rs 600 bn worth of approved IPOs are yet to hit market
  • Will try to get 99% items in 18% slab or lower, says PM Narendra Modi
  • New angel tax notices spook investors, start-ups; trip fund-raising efforts
  • High growth rate in manufacturing a doable challenge, says NITI Aayog CEO
  • CSR funds worth Rs 8,314 cr remained unspent over three financial years
  • Govt likely to sell 3-5% stake in NTPC via OFS
  • IBC eliminates right to redemption of Essar Steel shareholders, says lenders
  • Tata Starbucks to open more than 25 stores across metros in 2019
  • Ashoka Buildcon plans to bid for Rs 400-crore city gas distribution projects
  • John Deere plans to boost engine capacity in India
  • Existing tech inadequate to cater to data demand by 2025, says report
  • Government permits imports of PUF panels/doors for hospitals under EPCG scheme
  • Ola to invest  $100  million  in scooter-sharing firm Vogo
  • Samana to raise Rs 4,000 crore to invest in startups, listed stocks
  • Govt orders restructuring of tax department
  • Carlyle seeks to double holding in PNB Housing Finance
  • DHFL to exit mutual fund business DHFL Pramerica
  • Agri-food startups raised $1.6 billion in 2013-17: Report
  • Online medicine startups in funding frenzy as sector consolidates