Morning Business News Round Up_July 13, 2018

  •  Inflation at 5-month high in June, IIP slows
  •  HCL Tech board clears Rs 4,000 crore share buyback
  •  Tata Steel plans to sell South-East Asia operations
  •  India could climb up to be 5th largest economy: FM
  •  Iran an important partner for energy: India
  •  India becomes newest shareholder of EBRD
  •  Iran says will strive to ensure oil supplies to India
  •  India’s per capita income too low despite being 6th largest economy: NITI
  •  GIC Re trades ex-bonus in ratio of 1:1
  •  Avendus Capital leads race to acquire IDFC Mutual Funds, say sources
  •  RCom calls DoT’s approach on one-time spectrum charge discriminatory
  • Merger blues: Idea Cellular likely to move TDSAT against DoT demand
  •  L&T construction arm bags orders worth Rs 2,388 cr
  • Image result for lpg subsidy LPG subsidy jumps 60% as govt maintains prices to help consumers
  •  LIC board likely to meet next week to discuss IDBI Bank deal
  •  $63-b trade deficit untenable, India tells China
  •  Airtel Payments Bank gets RBI, UIDAI nod to resume taking new customers
  •  HIL Ltd to buy Parador Holdings of Germany
  •  1,000 NPA accounts under scanner in ICICI Bank probe
  •  India’s fuel demand up 8.7% in June, gasoline sales rise by 14.9%
  •  With US trade under a cloud, China opens to Indian pharma
  •  GE commissions first leg of grid-stabilisation system for PowerGrid
  •  World oil supply risks being ‘stretched to limit’: IEA
  •  CCI dismisses complaints against Google; chairperson gives dissent note
  •  RCom alleges govt of bias in Idea-Vodafone merger case; DoT denies charges
  •  Tata, Fortum win Karnataka solar tender for Rs 2.85/unit
  •  LPG subsidy a distortion, provide fuel-agnostic cooking sop: NITI Aayog
  •  States fail to meet fiscal targets for third year: RBI
  •  Brokers barred from taking cash from clients
  •  NCLAT rejects Liberty House plea to stay resolution process of Bhushan Power
  •  Tata-Mistry feud: Chairman doesn’t enjoy a free hand, says NCLT
  •  Russia tightens grip on Europe’s gas
  •  Government to forego nearly Rs 6,000 crore locked in tax disputes