Morning Business News Round Up_Jan 4, 2018

Morning Business News :

  • India’s GDP growth to slip below 7% this fiscal
  • IBC’s objective not to emphasise on liquidation: NCLT
  • RIL likely to see big cash flow boost: CLSA
  • Parl panel suggests govt to form law on data privacy
  • Insolvency professionals can’t outsource work: IBBI
  • RBI puts Allahabad Bank under corrective action
  • Defence deals worth Rs 2.40 lakh cr signed in 4 yrs
  • Banks recapitalisation: Govt to infuse Rs 76 bn into six weak PSBs
  • Sebi allows commodity bourses to raise transaction charges
  • India cancels $500 mn defence deal, says Israeli arms firm Rafael
  • SBI-led consortium to give Rs 150-bn loan to 350 km Purvanchal Expressway
  • Future Group may buy Snapdeal’s logistics arm for Rs 500 mn: Sources

Image result for Future Group may buy Snapdeal

  • Dominion Energy to buy Scana Corp in $7.9-bn deal
  • Telecom policy draft eyes $100-b investment, sees India as global data hub
  • TRAI invites inputs on new telecom policy
  • NBCC bags contracts worth Rs. 315 cr
  • At 10.3 mt, sugar output up 26% in Oct-Dec
  • Rising costs, weak demand to hit profits of cement firms
  • Coal India e-auction fetches 76% premium in Q3 FY18
  • Fresh investments in India plunge to a 13-year low as stalled projects rise
  • Crude at 31-month high, oil marketing companies likely to be under pressure
  • Indian Bank revises interest rates for FCNR(B) deposits
  • Telcos may post weak Q3 on cut in interconnect usage charges
  • Arrow Electronics to buy Gujarat-based eInfochips
  • Niti Aayog’s three-point formula for India to beat China’s economic growth
  • India probes cheap synthetic rubber import from China
  • Financial inclusion drive must target the poor: RBI Governor D Subbarao
  • RBI may announce OMO purchase next week to cool yields
  • Revised concession pact for PPP projects at ports gets cabinet nod
  • Pak replaces dollar with yuan for bilateral trade with China
  • Valuation concerns shroud proposed ONGC-HPCL merger