Morning Business News Round Up_July 20,2017

Morning Business News :

  • Govt’s $3 billion demand premature: RIL, Shell
  • World Bank to draw up plan for Rlys’ Rs 5L cr makeover
  • DoT creates investment facilitation centre
  • Cigarette industry body wants roll back of tax hike
  • GEA to build Asia’s largest milk production facility in India
  • CCI approves SoftBank’s 20% stake buy in One97
  • Jet in expansion mode; adds 96 new weekly flights
  • ONGC-HPCL merger on Cabinet agenda today
  • I-T dept seeks data of property deals worth Rs 1 cr or more
  • Hindustan Unilever quarterly profit rises 9% to Rs 1,283 cr
  • GST to benefit auto, retail, cement sectors, bad for oil and gas: Fitch
  • LIC reduces 2.14% stake in Tata Global Beverages, sells 1.35 crore shares
  • Monnet Ispat declared insolvent despite JSW offer
  • CAD to widen to 1.3% of GDP in 2017: Nomura
  • Jaitley rules out removal of GST levy on fabrics
  • Foreign funds buy 4.5% stake in Reliance MF for $100 mn
  • Wind industry getting into a ‘distress situation’
  • BSE to shift 28 stocks; NSE 12 scrips to restricted group

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  • ICRA launches new rating system for infrastructure projects
  • Ultratech Q1 net profit rises 14.9% to Rs890 crore
  • Daimler to recall 3 million diesel cars on emissions concern
  • Sebi asks banks to disclose bad loan divergence to stock exchanges
  • SC allows government to replace MCI oversight committee
  • Essel Finance to acquire Rs272 crore loan portfolio of Motilal Oswal-backed Intec Capital
  • ITC felled by govt’s capricious turn on GST
  • IT Appellate Tribunal upholds tax demand raised on NDTV
  • India’s digital economy to be $1 trillion in 5-7 years: Ravi Shankar Prasad
  • Fake currency of Rs 11.23 crores face value detected post demonetisation
  • Ashok Leyland, SUN Mobility to launch electric buses
  • Sensex sinks 364 pts, ITC crashes 13 percent
  • Major telcos push for doubling mobile call termination charge
  • Ensure all traders migrate to GST regime by July end: Rao
  • Insurers to offer continued cover for critical illness
  • Flipkart revises offer to $950m for Snapdeal; Infibeam $1b