Morning Business News Round Up_Jan 20,2017

Morning Business News :

  • Hit hard by cash ban, IPO grey market comes back to life with BSE’s issue
  • Alibaba to invest Rs 120 cr, to increase headcount
  • Rs 75L penalty on Bombay Mercantile Bank by RBI
  • Axis Bank reports 73% drop in Q3 net profit
  • Cover drive! Rs 2-lakh insurance cover for Jan Dhan account holders on cards
  • Tax breaks, infra push top markets’ Budget 2017 expectations
  • Sensex ends higher, Nifty above 8,400 ahead of ECB meeting
  • ICICI Pru, HPCL enter Rs 50,000 crore market cap club
  • HDFC cuts home loan rates for existing borrowers by 15 basis points
  • Hind Oil jumps 10.16% after company gets crucial clearance
  • YES Bank net rises 31% in Q3
  • Silver futures plunge Rs. 517/kg on weak global cues

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  • NPS expected to grow at 35-40% in FY17: PFRDA
  • Toshiba shares drop 16% on reported write-down losses
  • Federal Bank Q3 profit rises 26.38% to Rs205.65 crore
  • Bharti Airtel plans to raise funds via debentures, bonds
  • Railways to float Rs8,000 crore tenders for transmission network
  • Alibaba becomes worldwide Olympic partner through 2028
  • Vedanta Limited to invest Rs 60,000-70,000 crore in its major businesses
  • BHIM downloads hit 1.1 cr in 20 days, reveals Minister RS Prasad; Niti’s Amitabh Kant says iOS app coming soon
  • NABARD projects Rs 1,28,199.38 crore credit potential for Kerala
  • Reliance Industries writes down nearly Rs 40,000 crore
  • General Motors adapts $1b recipe for “tough” Indian market
  • ICRA upgrades long term rating on Patanjali Ayurved