Morning Business News Round Up_ Oct 5, 2018

  •   Image result for Govt cuts fuel pricesGovt cuts fuel prices by Rs 2.50 per litre
  •   Bio-CNG incentives to usher stubble based green projects
  •   Not resigning from Maruti board over IL&FS: Bhargava
  •   SUV, EV under Mahindra-Ford tie up soon
  •   Govt determined to contain IL&FS crisis: Jaitley
  •   Mayhem! Rs 3.31 lakh cr equity wealth wiped out
  •   RCom seeks 10 more days to settle Ericsson dues
  •   ICICI Venture in talks to buy stake in Micro Plastics
  •   IDBI Bank allots 339.9 mn preferential shares to LIC at Rs 61.73 apiece
  •   NBCC to float tenders to fast-track stalled Amrapali housing projects
  •   LIC makes open offer of Rs 126 bn to acquire 26% stake in IDBI Bank
  •   Bombay High Court rejects NSEL brokers’ plea on de-registration from Sebi
  •   RIL out of $100-bn club as market cap slips to $96.5 bn, TCS lone member
  •   MF’s AUM surges 14% to over Rs 24 trillion in Sept quarter
  •   Govt notifies 10% LTCG tax on IPO/FPO gains
  •   BSE, NSE to suspend trading in Moser Baer from Oct 11
  •   India, Russia to sign economic agreements, discuss rupee-rouble payment mechanism
  •   Gross direct tax collection grows 16.7% to ₹5.47 lakh crore in April-September
  •   Varun group buys Vizag’s Taj Gateway
  •   SC allows ArcelorMittal, Numetal to clear dues to stay in race for Essar Steel
  •   IL&FS appoints Vineet Nayyar as managing director
  •   OMCs to complete $10 bn overseas borrowing in 1-year: Finance Ministry
  •   Chanda Kochhar quits as CEO of ICICI Bank, Sandeep Bakhshi to take over
  •   Mukesh Ambani richest Indian for 11th consecutive year: Forbes
  •   Govt may extend term of GST anti-profiteering watchdog
  •  SEBI appoints KPMG, Grant Thornton, 5 other entities to conduct forensic audits of listed firms for fraud
  •   Cabinet nod: MSP for rabi crops raised by 2-21%
  •   India Services PMI: Services growth slows in September, two usual suspects make imports costlier
  •   Spot power prices soar to 10-yr high
  •   RoC to grill former IL&FC brass on fund management
  •   Strong US economy puts Asian currencies on skids
  •   Govt explores ways to cut imports, raise exports
  •   17% rise in H1 tax collection boosts govt
  •   Modi, Putin to ink $5.4b deal for S-400 air defence