Morning Business News Round Up_Feb 08, 2019

Morning Business News :

  • RBI rules out changes in one-day NPA recognition norms
  • India jumps 8 places to 36th on International IP Index
  • JLR global sales dip 11% in January
  • RBI for intense scrutiny on NBFCs, but no AQR likely
  • Adani Enterprises Q3 profit slumps 72% to Rs 80 crore
  • JLR bleeds Tata Motors with Rs 27K cr loss
  • 65,000-km highways worth Rs 5.35 trillion to be built by 2022, says Gadkari
  • Irdai asks insurance firms to mitigate risks to prevent IL&FS-type fiascoes
  • Exit of BoI, BoM, OBC from PCA framework is credit positive: Moody’s
  • Cotton imports to surge by 80% as output hits 9-year low: Report
  • BB&T to buy SunTrust for $28 bn in biggest US bank deal since 2009 crisis
  • Gems, jewellery exports decline 8.5% in Apr-Dec 2018
  • Bajaj Electricals Q3 net jumps 73% to ₹ 64 cr

Image result for • Bajaj Electricals

  • Coal India to procure mining equipment worth ₹ 7,000 cr
  • CAI lowers cotton crop estimate further to 330 lakh bales
  • RBI cuts repo rate by 25 basis points, changes policy stance to neutral
  • Fortis denies violating order on sale of controlling stake to IHH Healthcare
  • Govt has the right to demand interim dividend: RBI Governor
  • MRF Q3 profit skids 18% to ₹279 crore
  • RBI doubles limit, banks to treat ₹2 crore and more as bulk deposits
  • ICICI Bank-Videocon loan case: RBI says law will take its own course
  • RBI permits cos participating in insolvency process to tap ECB route
  • Govt to set up unified authority for regulating financial services in IFSCs
  • Debt ETF may have G-Secs in portfolio