Morning Business News Round Up_Dec 3,2019

Morning Business News:

  • Karvy case: 90% of investors get back their securities
  • Crisil slashes FY20 growth forecast to 5.1 percent
  • Government launches independent directors’ databank
  • Gross direct tax collection rises by 5% till Nov: FM
  • $14 bn loans to builders under severe stress: Report
  • Steel industry margins set to shrink: India Ratings
  • United Spirits proposes a merger with Pioneer Distilleries
  • Telecom tariff hike expected to benefit sector, boost its financials
  • Govt moves Taxation Bill in Lok Sabha seeking changes in income tax law
  • Net surplus revenue decreased 66% to Rs 1,666 cr in 2017-18: CAG report
  • Ashok Leyland M&HCV sales decline 55% in November; bus sales up 196%
  • Tata Motors bags orders for over 2,300 buses from various state govts

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  • The corporate tax cut will make India a global manufacturing hub: FM
  • No proposal to reduce taxes on petrol, diesel: Central Government
  • LG Electronics India posts ₹1,534-crore profit in FY19
  • India Inc delivered weak performance during Q2 FY20: ICRA
  • Cadila Healthcare gets board nod for amalgamation
  • Kia Motors becomes India’s fourth-largest vehicle manufacturer after two months
  • SAMHI Hotels gets Sebi’s go-ahead for ₹1,800-2,000-crore IPO
  • Jaypee Infra case: Suraksha may offer more cash & land to lenders
  • Railways operating ratio in 2017-18 was 98.44%, worst in 10 years: CAG
  • Yes Bank files insolvency petition against Jaypee Healthcare
  • Foreign investors bring cheer to the Indian market in November; FPI inequity at 8-month high
  • Government earmarks Rs 937 crore for exploration of non-CIL blocks in FY20
  • India’s economic growth likely to remain subdued in the near future, says a report
  • Samsung India’s profit declines 58 percent, becomes $10 billion firm
  • Over 3.38 lakh cos deregistered in last two financial years: Govt
  • Rupee edges higher by 8 paise to USD; RBI policy meet in focus
  • 78 pc depositors of PMC Bank can withdraw entire deposits: govt
  • Public sector banks told to outline insurance JVs’ future