Morning Business News Round Up_Feb 15,2017

Morning Business News :

  • ICAI looking at alleged irregularities at Tata companies
  • India Ratings pegs GDP to grow 7.4% in FY18
  • GST likely to halt economy: Andrew Holland
  • FPIs decide to impose 7.5% tax on P-notes
  • Wipro plans a reboot to show it’s much more than IT
  • UBI will act under Insolvency Act to recover dues
  • Vodafone awards Rs 2,040-cr 4G contract to Ericsson

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  • Tata Motors profit dives 96% as JLR loses steam
  • JERA picks up 10% in ReNew Power for $200 mn
  • Sebi revises timeline for custodians to submit report
  • S&P downgrades IDBI Bank to ‘BB’ on very weak asset quality
  • Monsanto starts work on $975-mn Louisiana expansion project
  • JSW Steel sole bidder for Monnet Ispat
  • No merger talks with Union Bank: Dena Bank CMD
  • Move to launch $100-million agri, food fund under way
  • Adani Ports & SEZ to buy back NCDs worth ₹1,170 cr
  • Vedanta Q3 profit jumps over 4-fold to Rs 1,866.28 cr on higher income
  • DSP BlackRock to suspend fresh transactions in Micro Cap Fund
  • SpiceJet’s Q3 profit declines 24% to Rs181 crore
  • Cairn India scouts for oilfield services firms in a bid to cut cost, boost output
  • DLF’s Q3 profit falls 46% to Rs98.14 crore
  • Sun Pharma Q3 profit falls 5% to Rs1,471.82 crore on higher tax outgo
  • Idea’s disastrous Q3 results underscores motivation for Vodafone merger
  • Donald Trump effect: US Fed to raise rates once inflation, employment improve, says Janet Yellen
  • Labour Ministry, FinMin agree on 8.65% EPF interest: Bandaru Dattatreya
  • Most companies becoming socially more responsible, says report
  • E-commerce awaits sustainable business model
  • Bansal saga: Infosys hides more than what it reveals
  • InterContinental Group on an expansion spree
  • Metal stocks red hot on Chinese demand