Morning Business News Round Up_April 26, 2019

Morning Business News: 

  • RBI to attract more foreign capital for nation-building
  • India’s crude oil production drops 4 per cent in FY19
  • Jet Airways stake sale process may hit SOEC hurdle
  • Tata Steel reports Q4 profit of Rs 2,431 crore
  • NBCC sweetens bid for Jaypee Infra, offers land parcels
  • Bank credit grows by 14.19%, deposits 10.60%: RBI data
  • Tata Steel board approves merger of Bamnipal Steel & Tata Steel BSL
  • RBI deputy governor B P Kanungo bats for capital account liberalisation
  • Maruti signals tough road, gives weakest growth forecast in the past 5 yrs
  • Major lapses in Deloitte audit of IL&FS Financial Services, says SFIO
  • Insolvency process: NCLT asks bank officials to appear in Sterling SEZ

Image result for Quikr

 

  • Ruchi Soya case: Lenders to meet on Friday to consider Patanjali’s offer
  • US official insists on zero oil imports from Iran
  • ‘High fuel prices may have led to a slowdown in auto sales’
  • India sets a record foodgrains target of 291 million tonnes
  • Wendt (India)’s PAT up 10% in FY19
  • Hind Copper approves raising up to Rs 1,400 cr through QIP
  • Glenmark gets nod to market nasal spray as OTC product in Russia
  • Microsoft edges toward $1 trillion valuation on results beat
  • Sebi move opens up REITs and InVITs to retail investors
  • Axis Bank has fixed its big bad loans but small loan risks are rising
  • Nirav Modi to appear for remand hearing via videolink from jail on Friday
  • UAE’s largest sewage treatment plant built by L&T inaugurated
  • PE/VC investments in March at all-time high of $7 billion: EY report
  • Quikr buys Sequoia-backed online marketplace Zefo
  • IFC looks to provide $43.3 million debt financing to Hero Future Energies for solar farm business
  • Shriram City Union Finance net profit grows tenfold
  • Scheme for Non-PPA units: States show interest in 1,400 MW of power
  • Stressed assets resolution: RBI mulls giving 60 days additional time for repayments
  • Vodafone Idea’s Rs 25,000 crore rights issue sails through
  • Higher tariff in auction for mid-term PPA auction positive for power producers: ICRA
  • Vedanta gets green nod for Rs 12,000 crore project
  • Rupee dives to 6-week low as crude spikes above USD 75 per barrel