Morning Business News Round Up_August 24,2016

Morning Business News :

  • Reliance permitted to mortgage Sasan coal block
  • Ind-Ra upticks GDP forecast to 7.8%; growth on but not speedy
  • Smuggled gold at 1/3rd of India’s total demand; $1 bn revenue lost
  • Govt mulls banning cash transactions above Rs 3 lakh
  • Idea denies report on merger talks with Vodafone
  • India in talks with Singapore to amend DTAA provisions: CBDT
  • Debt mkt can beat equity in next 12 mths: CLSA
  • Arun Jaitley orders ‘immediate action’ towards implementation of Bankruptcy Code
  • January Budget to bring more efficiency: CBDT
  • Piramal, Bain Capital join hands to float a platform for stressed assets
  • Protection for steel industry must be temporary: CII President
  • Welspun faces Walmart review after Target pulls sheets
  • Microsoft buys artificial intelligence startup Genee

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  • Sebi weighs cash benefit distribution via depositories
  • India is 7th most wealthiest country with $5,600 bn
  • Private-public partnerships, film certification board on PAC’s radar
  • BSNL Kerala retains status as most profitable telecom circle
  • NSE ropes in Citigroup, Morgan Stanley to handle IPO
  • FSSAI to allow import of food for special medical purposes
  • Smartphone user loyalty is beyond Net Promoter Scores: report
  • FIPB clears seven FDI proposals worth Rs290 crore
  • Carlyle Group readies bid for Claris’s injectable drugs business
  • Aurobindo Pharma Q1 net profit rises 24% to Rs585 crore
  • Tata Power Q1 net profit falls 76% to Rs72 crore
  • Urjit Patel could take away banks’ $100 billion pacifier
  • NITI Aayog looks to make India hub for commercial arbitration
  • DIPAM relaxes conflict of interest clause for SUUTI bankers
  • Reliance Jio’s full-scale commercial launch likely in December
  • RBL Bank’s IPO oversubscribed nearly 70 times
  • ED registers fresh money laundering case against Vijay Mallya, Kingfisher airlines
  • GSTN security clearance key to bill passage: Swamy
  • President regrets low institutional credit growth
  • Fed under growing pressure to reform system, goals
  • Canada’s Couche-Tard to buy CST Brands in $4.4b deal

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