Morning Business News Round Up_ Oct 23, 2018

  • Net direct tax collection grows 15.7% to Rs 4.89-lakh cr
  • Indian banks’ profitability weaker than BRICS: Moody’s
  • Syndicate Bank gets Rs 728-cr capital infusion
  • IL&FS revival plan may include stake sales
  • Cabinet to take up second sugar relief package
  • KKR files bankruptcy plea against dairy firm Kwality
  • Lakshmi Vilas Bank shortlists 5 investors to sell stake
  • Oil import bill for FY19 seen rising 42%; falling rupee cause for concern
  • MFIN proposes common code of conduct for banks and NBFCs in microlending
  • SBI plans to raise up to Rs 250 bn in FY19 to meet capital adequacy
  • Nasscom signs deal with Hiroshima govt for building Japan-India IT corridor
  • PNB Housing raises Rs 17.75 bn in commercial paper from MFs, banks
  •  NCLT approves 45 resolution plans, orders 19 liquidations in 2 years of IBC
  • Indian steel cos to forge pacts with global firms to expand
  • SpiceJet receives credit ratings downgrade as industry struggles
  • PDPS for oilseeds farmers to compensate up to 25% of MSP
  • Canara Bank seeks bids to replace Gammon at the Mumbai port
  • NYSE-listed Azure Power raises $185 m
  • Bhushan Power: NCLAT puts off case to Nov 1
  • Fiat agrees to sell Magneti Marelli to KKR’s Calsonic Kansei
  • Govt review coastal shipping rule relaxation: Nitin Gadkari
  • Reliance to decide site for India’s first pod taxi prototype
  • Morgan Stanley prefers large banks, downgrades Yes Bank, RBL
  • ArcelorMittal entry set to heat up India’s steel industry
  • Jubilant Life Q2 profit rises 67% to ₹210 crore
  • Tata Sons writes off entire Rs 28,651 crore investment in Tata Teleservices
  • India has second highest insurance gap in the world of $27 billion: Report
  • Number of crorepatis has risen by 60 per cent in India, says CBDT
  • RBI likely to keep rates on hold in rest of FY2019
  • REC eyes $5b via mid-term notes on GSM
  • Sebi sets limits on MF commission, expenses
  • Govt expects record exports in FY19
  • Govt frees spectrum for 5G services, wifi from licence norms
  • FinMin, RBI lock horns over payment system regulator