Morning Business News Round Up_July 12, 2018

  •  Telecom Commission clears new telecom policy
  •  CEA praises Raghuram Rajan for identifying NPA issue
  •  LIC-IDBI Bank deal may conclude by September
  •  FinMin may relax data storage rules for payment cos
  • Image result for pepsico Maha: PepsiCo to develop infra to recycle plastic
  •  IHH set to win Fortis, values it at Rs 9,335 crore
  •  NATO countries must pay 2% of GDP: Donald Trump
  •  Start reducing oil prices or expect demand to sink, India warns OPEC
  •  Sebi not averse to the merger of exchanges, says Chairman Ajay Tyagi
  •  In Round 2 of trade war, US plans 10% tariffs on $200-bn Chinese goods
  •  Sterlite Power wins six transmission projects in Brazil, to invest $2 bn
  •  Bajaj Hindusthan to sell 17.51% stake in group’s power firm LPGCL
  •  Private equity, VC investments cross $15 b in H1
  •  Ministers’ group not in favour of sugar cess
  •  Net neutrality gets telecom panel’s nod
  •  BSNL starts first internet telephony service in India
  •  Vistara to buy 19 Airbus, Boeing planes worth $3.1 billion
  •  Trading halts on MCX briefly due to technical glitch
  •  India replaces France as world’s 6th biggest economy
  •  IndusInd Bank’s first quarter show underscores its premium valuation
  •  Adani, GAIL among 400 bidders for city gas licenses
  •  Brookfield in talks to acquire Altico stake
  •  Petrol, diesel cars may be taxed more to push electric vehicle sales
  •  Sebi paper soon on large firms tapping bond market
  •  Chief Economic Advisor Arvind Subramanian rules out a single rate GST
  •  US drugmaker Pfizer Inc to split company into three units
  •  Single data breach costs nearly Rs 12 crore in India, says IBM study
  •  GMR sans SkyTrax rating disqualified for Philippines airport project
  •  Pakistan’s indebted economy heads toward another IMF bailout
  •  India cuts Iranian oil imports by 16% in June to 592,800 bpd
  •  Rupee to stay in 68-72 range near-term: UBS
  •  GST on some more items to be cut
  •  Banks fear Mudra loans sans Collateral may become NPAs
  •  Govt mulls 1% cess on luxury items to build farm corpus