Morning Business News Round Up_Jan 03, 2019

Morning Business News :

  • Oil cos not to recoup losses from subsidy on fuel
  • PCA banks to gain from RBI move on MSME bad loans
  • Indian textile firms face higher trade barriers in EU, US
  • Panel under UK Sinha to suggest measures for MSMEs
  • Cabinet approves sops for exporters on select goods
  • HDFC plans to raise Rs 45,000 crore via NCDs
  • Trai moves SC against TDSAT order on predatory pricing

Related image

  • Cabinet clears merger of Dena Bank, Vijaya Bank with Bank of Baroda
  • Ashok Leyland acquires 27.25% more stake in AAL; shareholding ups 76.25%
  • ONGC to reconsider government demand to list exploration subsidiary
  • Hetero Group acquires Spain’s Tarbis Farma for an undisclosed sum
  • Cash-strapped Jet Airways defaults on debt payment to banks led by SBI
  • NCLT Mumbai puts RTIL’s liquidation plans on hold
  • Despite all its woes, power sector set for a brighter 2019
  • GST Council meet may consider rate rationalisation on housing
  • Titagarh sees European operations getting back on the rails

Image result for Zoomcar

  • Self-driving rental firm Zoomcar’s revenues up 31%
  • Tata Power will continue supplying power to Mumbai’s BEST for 5 years
  • Indian Oil, BPCL, HPCL stop taking margin hit on petrol, diesel sales
  • Alcohol firms are the unlikely victims of farm loan waiver
  • Syndicate Bank to raise up to Rs 500 crore by issuing shares to staff
  • Oil falls towards $53 on economic worries, surging supply
  • Govt hasn’t yet asked ONGC to reconsider ONGC Videsh IPO
  • NCLAT disposes of contempt plea against Reliance Infratel
  • Iran to invest about Rs 1,500 crore to boost capacity of Chennai Petroleum
  • Syndicate Bank & SBI Life Insurance sign a bancassurance pact
  • Cabinet approves bill to provide statutory recognition to trade unions
  • TN govt moves SC against NGT order on Sterlite plant
  • India to get data on Swiss banks accounts in 2019
  • IGST on gold for export scrapped
  • PNB Housing raises $265m through ECB
  • Companies, PE firms grab relinquished pharma biz