Morning Business News Round Up_Jan 29, 2019

Morning Business News :

  • At $19.5 bn, Tata group is India’s most valuable brand
  • Hero FinCorp leads race to buy Aadhar Housing from Wadhwan group for Rs 2700 crore
  • US budget deficit set to hit $897 billion: Report
  • FDI grew 18% in FY18 to Rs 28.25 lakh cr: RBI data
  • Indian households’ debt doubles in FY17-18
  • Sebi provides clarity on lock-in period for warrants
  • RBI governor meets PSU banks’ CEOs, conveys regulator’s expectations
  • India pips Japan as second-largest steel producer; China on top: Worldsteel
  • Canara Bank Q3 net up over two-fold to Rs 317.5 cr as NPA provisioning dips
  • Global IT spending to grow 3.2%, reach $3.76 trn in 2019: Gartner
  • Jet Airways seeks shareholders’ nod to turn debt into equity, EGM on Feb 21

Image result for jet airways

  • Tata Steel part-exits S-E Asia business in $327-million deal
  • India, China hold talks on providing market access to domestic products
  • Sun TV to invest ₹300 crore in Bengali, Marathi channels
  • Fuel costs, losses at Mundra plant drag Tata Power’s Q3 net
  • Piramal Enterprises’ Q3 profit up 23% at ₹603 cr
  • Escorts Q3 net profit up 52% to₹140 crore
  • Reid & Taylor: NCLT refuses Kasliwals access to forensic audit copy
  • Moody’s downgrades Lodha Developer’s rating on weak sales
  • Govt formulating draft national scrap policy: Steel minister
  • Vodafone Idea partners with Sun TV Network
  • SC seeks Fortis response over transferring₹4,000 crore to RHT Health
  • Siemens, Alstom make new EU concessions to save merger
  • S&P Global enters China’s credit rating market amid trade war
  • Godrej Properties posts Rs 42-cr net in Dec quarter
  • Kotak Investment may team up with co-applicants for RP
  • Ajay Piramal warns of more IL&FS type crises
  • Goyal asks PSBs to step up lending to MSMEs, farmers
  • Jindal Stainless seeks duty cuts on raw material imports
  • BoI Q3 net loss widens to Rs 4,738 cr; NPA provisions jump two-fold
  • Vedanta Resources to invest $1.6b in South Africa