Morning Business News Round Up_June 1, 2018

  •   India grows 7.7% in Q4, remains fastest-growing
  •   Govt meets fiscal deficit target of 3.5% for FY18
  •   Govt may relook at Air India stake sale strategy
  •   Setback for Jaypee as Orient calls off Rs 2,000 cr deal
  •   Centre appeals in HC against Voda’s int’l arbitration
  •   Shut plant won’t hurt Vedanta’s cash flow much: S&P
  •   Warburg buys 26% stake in IndiaFirst Life for Rs 710 Cr
  •   April eight core industries growth at 4.7% vs 4.4% a yr ago
  •   India’s per capita income grows by 8.6% to Rs 113,000 from 103,870 in FY18
  •   Investment rate stagnates in last three years: CARE
  •   MEP Infra to tie up with funds from Singapore or UK for TOT projects
  •   Sebi slaps Rs 1 mn fine on DLF for wrong disclosures from IPO proceeds
  •   India, World Bank sign $500 mn loan pact for rural roads
  •   Centre mulls building 3-mt sugar buffer; moves to sweeten exports
  •   IOC most profitable PSU for second consecutive year
  •   SAIL posts Rs 816 cr net profit in Q4
  •   BSNL ties up to create mobile advertising ecosystem
  •   ‘Costly crude, weak rupee can pose an immediate threat to growth’
  •   RBI needs better rupee policy: NITI Aayog vice chairman
  •   Flipkart Internet narrows loss to ₹1,639 crore in fiscal 2017
  •   NPA-laden UBI to cap loans to single borrower at Rs.150 crore
  •   ATC closes Rs.4,000 crore deal to acquire 9,900 telecom towers from Idea Cellular
  •   Petrochemical, gas trading businesses a drag on GAIL’s Q4 results
  •   UIDAI relaxes daily Aadhaar updation target for bank branches
  •   PM Narendra Modi launches BHIM, RuPay and SBI digital payment apps in Singapore
  •   ADB funds $375 mn project for irrigation boost in Madhya Pradesh
  •   HDFC shares rally ahead of new FIIs trading window
  •   Tax reforms to help expand revenue base: Moody’s
  •   Govt to set up 3mt sugar buffer stock
  •   L&T Shipbuilding’s auditors raise ‘going concern’ doubts
  •   Mutual Funds set to rename schemes by June 30