Morning Business News Round Up_August 04,2017

Morning Business News :

  • After Essar, banks now set eye on Videocon’s Rs 43k cr debt default
  • Bad loan: RBI to take up more cases, says Jaitley
  • Infy to buy customer experience studio for £7.5 mn
  • Lok Sabha passes 2 bills extending CGST, IGST to J&K
  • No NOC to old vehicles if states don’t comply: NGT
  • Oil majors gushing in cash despite cheap crude
  • Amazon, Grofers get govt nod for Rs 3,700 cr FDI in food retail
  • NSE meets shareholders, looks to list by March 2018
  • IOC Q1 net down 45% to Rs 4,549 cr, GRM more than halves to $4.32
  • Govt raises Rs 327 cr from Hindustan Copper share sale
  • Chocolate mithais to attract 5% GST, govt clarifies
  • Cochin Shipyard IPO subscribed 76 times

Image result for ipo oversubscribed

  • SEBI panel to study use of fintech solutions for securities market
  • Lok Sabha passes Bill to replace NPA Ordinance
  • Lupin gets USFDA nod for cholesterol-lowering drug
  • Businesses can start filing July returns on GSTN from Aug 5
  • Interest rates to gradually become reasonable: Jaitley
  • Banks may need 20% incremental provisioning for 50 large NPAs’
  • Oil companies hike fuel pump dealers’ commissions
  • SBI to mobilise Rs2,000 crore via Basel-III bonds
  • Cognizant profit rises 86% to $470 million, revises annual revenue guidance
  • Jio interconnection: Delhi HC seeks DoT view on Trai suggestion to penalise Idea Cellular
  • RCom-Aircel merger needs Supreme Court nod: Telecom dept
  • FDI in textiles doubled to $619 million in 2016-17
  • Kalyani Group opens missile making unit with Israel’s Rafael Advanced Defence System
  • Services sector contracts by most in 4 years on GST woes: PMI
  • Central bank flags poor transmission of past rate cuts through MCLRs
  • Indian Oil Corporation steps up crude oil import from US
  • Govt drafting central law to deal with chit fund schemes: FM
  • FM defends SBI decision to cut saving account interest rate
  • RBI to set up task force on public credit registry