Morning Business News Round Up_ Nov 28, 2018

  • Credit growth to real economy healthy, says RBI
  • ArcelorMittal deploys team to oversee Uttam Galva ops
  • Sebi directs MCX to probe data misuse plaint
  • RBI reserves transfer won’t affect rating: McCormak
  • CC approves LIC’s majority stake buy in IDBI Bank
  • Jaypee discuss evaluation criteria for potential bidder
  • Urjit Patel appears before parliamentary panel
  • Equal rights sticking point in YES Bank promoters’ talks to end conflict
  • RBI to buy an additional Rs 400 billion worth of G-secs in December
  • Govt gives approval to sell 100% stake in Air India’s ground handling firm
  • After Ola and Uber, another start-up ready to disrupt India’s car market
  • Jio’s low-cost 4G phone beats rivals Airtel, Voda Idea in non-metro circles
  • Govt allows ethanol extraction for blending from foodgrains, too
  • Crude overshot to the downside, but correction likely soon
  • MCX crude option turnover surges to ₹582 cr in November
  • Sterlite Power unit raises ₹3,000 cr via bond issue
  • Arvind commissions Rs 350-cr garmenting hub near Ahmedabad
  • HSBC upgrades Indian equities to ‘neutral’ from ‘underweight’
  • Amazon is in advance stage talks to buy 9.5% stake in Future Retail
  • Moody’s downgrades Yes Bank ratings, changes outlook to negative
  • Govt moves SC for bank guarantee from RCom before Jio deal
  • Mphasis Rs988 crore share buyback offer to open on 7 Dec
  • Verloop raises $3 million from IDFC Parampara Fund, others
  • RBI checking Yes Bank loan exposure to IL&FS, DHFL, NBFCs
  • COAI asks government to cut SUC, licence fee, USOF contribution
  • Amitabh Kant pitches for ban on usage of fossil fuel-based gensets
  • India recorded highest average real wage growth in South Asia during 2008-17, says ILO report
  • Sebi issues norms for interoperability among clearing corporations
  • Nordic bank, Srei in deal to finance equipment
  • House panel sets three days to take stock of IL&FS issues
  • RINL open to long-term contracts with non-NDMC sources