Morning Business News Round Up_ Nov 1, 2018

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  • India now ranks 77 in ease of doing business
  • India certainly not ‘tariff king’: World Bank official
  • Tata Motors posts Rs 1,049 crore loss in Q2
  • Core sector growth slows down to 4.3pc in Sept
  • Tata reach pact with ATC; to sell 13% stake
  • Amrapali diverted funds through 200-250 dummy firms
  • Spectrum sale may net only Rs 40,000 crore
  • Core sector growth slows down to 4-month low of 4.3% in Sept
  • Vedanta Q2 net profit at Rs 11.35 bn, down 43% from same period last year
  • Canara Bank Q2 profit rises 16% to Rs 3 bn; net interest rate grows 18%
  • India looks to adopt deterrent penalties in data protection law: IT Secy
  • Reliance MF Q2 net profit up 12% to Rs 1.14 bn, revenues flat at Rs 3.91 bn
  • Lupin Q2 net profit drops 41.5% to Rs 2.66 bn as sales slip in US
  • Tatas, TCS violated rules in ouster of Mistry: RTI
  • Biologics business more than doubled in Q2, says Biocon CFO
  • IL&FS board proposes sale of subsidiaries, capital infusion
  • United Spirits Q2 profit surges 69% to ₹259 crore
  • Adani Power posts standalone Q2 net loss
  • Apple’s India profit zooms 140% to ₹896 cr in FY18
  • RBI autonomy essential, says govt
  • L&T Q2 profit rises 23% to Rs2,230 crore, beats estimate
  • Railways increases freight rates for coal, steel, iron ore by almost 9%
  • ABB India powers ahead in Q2 as portfolio rejig pays off
  • NIIF acquires IDFC Infrastructure Finance
  • Jet Airways gets payment delay notice from aircraft lessors
  • No liquidity crisis in NBFC segment: Reserve Bank of India
  • Amid reports of Urjit Patel resignation, FinMin says RBI’s autonomy ‘nurtured and respected’
  • China’s aversion to big bang stimulus tested by Donald Trump’s US tariffs
  • Thermal power plant addition seen slowing in FY19-23 on PPA scarcity
  • FIIs to take a backseat over next 6-9 months
  • India Inc faces ‘trust deficit’ after IL&FS default, says S&P
  • Kotak panel seeks 2-3 quarters to lift IL&FS out of debt trap
  • India will pay in Rs for Iran oil post-US sanctions
  • Government eyes consolidation route to reach divestment goal