Morning Business News Round Up_April 13, 2019

Morning Business News:

  • Uday Kotak flags widening trust deficit between govt & industry
  • CMFRI, ISRO sign MoU for mapping smaller wetlands
  • Forex reserve swells by $1.87 billion to $413.8 billion
  • Thermax buys out entire stake of JV partners in TSPX
  • India banks’ loans jump 13.2 pct y/y in two weeks to March 29: RBI
  • In a first, nine private sector specialists selected as joint secretaries in govt departments
  • Ayushman Bharat package rates revision on radar
  • Uber hints at serious cash burn to step up market share in India
  • Infosys Q4 profit rises 10.5% to Rs 4,078 crore, meets Street estimates

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  • TCS net profit up 17.7% to Rs 8,126 crore in Q4, crosses $20-bn revenue
  • Naresh Goyal submits EoI as crisis-hit Jet Airways stares at closur
  • Govt’s infrastructure push sees a demand shift in the cement sector
  • At 2.86%, CPI inflation at 5-month high in March on high food prices
  • Chevron Corp plans to buy Anadarko for $33 billion in shale, LNG push
  • NTPC tempers growth in coal-fired capacities, meets under 25% of FY19 goal
  • PayU buys payment security firm Wibmo for $70 million
  • Auto sales on track: 3-wheelers buck the trend with 24% growth in FY 19
  • Kotak Bank cuts interest rate on select saving accounts
  • Average corp bond spread falls to lowest since December 2018
  • Bhushan Power insolvency: NCLT to conclude BPSL hearing by April 15
  • Banks need to upgrade their PoS as 2G phases out: Telecom dept official
  • Vedanta Resources raises USD one billion via bonds
  • CERC approves higher tariff for Adani Power’s 2 GW capacities at Mundra plant
  • India’s 2018/19 Iran oil imports up 5% despite US sanctions
  • SpiceJet shares zoom 8.5% on plans to induct 16 Boeing 737-800 NG aircraft
  • India becomes net steel importer in 2018-19, first time in three years
  • Tripoto raises ₹25 crore funding from Orchid India, others
  • More bank mergers can spur efficiency, RBI researchers say
  • Open offer for NIIT Tech to begin from 31 May
  • DoT seeks bank guarantee of ₹8,500 crore to approve Airtel-Tata Tele merger