Morning Business News Round Up_July 05, 2018

Morning Business News :

  • IBBI amends norms, home buyers can now seek relief
  • Working to make Air India profitable again: Govt
  • India may not be affected by trade war: McKinsey head
  • Public WiFi to contribute $20 bn to GDP by 2019: Study
  • NCLT order on Tata-Mistry case on July 9
  • Govt to extend RRBs’ recapitalisation scheme
  • SC tells Jaiprakash Associates to deposit Rs 6 bn to refund home buyers
  • Lenders may invoke guarantees of Shriram Transport Finance on SVL Ltd
  • Essar Oil UK’s net profit dips 4.2% to Rs 10.37 billion in 2017-18
  • Rs 3.8 trillion from 70 accounts need NCLT resolution by September: Report
  • Rs 700-bn I-T refunds issued to taxpayers, 99% of claims processed: CBDT
  • Yes Bank gets SEBI nod to launch MF business

Image result for mf business

  • Cabinet hikes MSP for paddy by Rs 200 per quintal
  • India plans to negotiate with US on oil imports from Iran
  • Qatar fund buys Sahara-owned Plaza Hotel for $600 mn
  • UAE-based Phygicart to enter India with ₹100-cr investment
  • CCEA approves ₹1-lakh cr for research in higher education
  • RBI grants licence to Bank of China to set up branch in India
  • Airtel aims to morph into a technology firm
  • Vedanta weighs $7 billion merger with Anglo American South Africa
  • Maruti Suzuki plans to hike Gujarat plant’s production by 7.5 lakh cars by 2020
  • Accenture’s Q3 revenue rises 16%, profit beat estimates
  • Vijaya Bank hikes lending rates by up to 50 bps
  • CSCs to be engaged as Banking Correspondents under pact with HDFC Bank
  • Cabinet gives nod to bill for setting up DNA banks to store profiles
  • Total CSR spend may cross Rs 50,000 crore by March 2019, says report
  • Salzer Electronics to acquire two overseas firms
  • No impact on property prices post-tax reform