Morning Business News Round Up_ Nov 6, 2018

  • SBI Q2 profit slumps 40% YoY to Rs 945 cr
  • India among 8 nations allowed to buy Iranian oil: US
  • ‘Steel sector growth may top GDP numbers’
  • RBI slaps Rs 1 crore fine on Fino Payments bank
  • NBFCs facing liquidity issues but no ‘crisis’: Srinivas
  • Excessive competition can lead to stress: Jaitley
  • Patanjali enters apparel space, eyes Rs 1,000 cr
  • Tata Group in talks to buy a majority stake in Jet Airways: Report
  • Fortis Q2 net loss widens to Rs 1.67 bn; margins improve sequentially
  • Essar Steel operational creditors to move NCLT to seek Rs 50 bn of dues
  • PNB Housing Fin Q2 profit up 33% to Rs 2.53 bn over high-interest income
  • Lupin gets USFDA nod to market generic injection for kidney disease
  • Bosch Ltd plans buyback; profit jumps 19% to₹420 cr
  • No anti-dumping duty on PTFE resin from India, China: USITC
  • Torrent Pharma standalone net profit up 75%
  • Power Grid Q2 profit rises 7.8% to ₹2,309.5 crore
  • Two years after note ban, digital transactions show robust growth
  • Plastics exports jump 31.6% in H1
  • RIL’s ₹10,000 crore shopping spree for Reliance Jio, Reliance Retail
  • Altico invests ₹650 crore in Renaissance Group’s warehouse project
  • Aavishkaar plans to raise $300 million for South Asia fund
  • Bharti Airtel’s African safari takes a curious turn
  • SoftBank’s Kabir Misra’s fund to buy into Meesho, Acko
  • ArcelorMittal’s Essar Steel win spells loss for Gujarat
  • Services October PMI at 3-month high; 3 key things to know
  • Airtel rolls out ‘alternate e-KYC’ in select circles for new connections
  • China’s imports of goods, services to exceed USD 40 trillion in 15 years, says President Xi Jinping
  • CPSE ETF: Another round of PSU divestment likely this month; govt looks to raise Rs 8,000 crore
  • SFIO may summon IL&FS auditors for questioning to dig out accounting lapses
  • Mutual Funds assets surged by 43.44% in last 2 years
  • DHFL repays commercial paper worth Rs 1,775 crore
  • TCS faces US jury over sacking of American staff