Morning Business News Round Up_June 18, 2019

Morning Business News:

  • Claims against RCom swell to Rs 57,382 crore
  • Ecommerce cos bat for safety of consumer data
  • India says UAE assures supply of oil despite attacks
  • Circular economy can generate 1.4 crore jobs: Kant
  • Only BS-6 vehicles to be available from next year
  • Govt should encourage land leasing, pooling: Report
  • New rules to prosecute tax defaulters kick in
  • Indian copper smelters feel the pinch as China laps up key ingredient
  • Fitch cuts India’s GDP growth forecast to 6.6% for 2019-20 fiscal
  • Govt considers selling stake in weak banks, raise funds for rural housing
  • HDFC MF takes Rs 500 crore of Essel group exposures on its books

Image result for HDFC MF

  • Steel imports from South Korea and Japan fill up the Chinese gap
  • Hindustan Zinc to launch floating solar plant soon
  • Hindustan Platinum acquires ABB plant in Puerto Rico
  • ‘Reliance Infrastructure looking to pare debts to zero by 2020’
  • UAE assures India of oil, LPG supplies
  • Wipro Lighting to introduce LiFi-enabled products in 2 months
  • Lenders to take Jet Airways to NCLT
  • Budget airline IndiGo orders 280 Jet Engines in $20 billion deal
  • Financial markets may be underpricing major risks in Fed, G-20 events
  • Investor wealth erodes by over ₹2 trillion as stocks plummet
  • Reliance Capital sells 10.75% stake in RNAM for ₹1,450 cr
  • Pfizer acquires Array Biopharma, valued at $11.4 billion
  • Telecom panel approves Rs 3,050 crore penalty on Bharti Airtel, Vodafone Idea
  • BPCL’s investment plan for Mozambique gas field gets government’s approval
  • India’s commercial realty raked in $2.6 billion cross border investments in Q1 OF 2019
  • Summer crop sowing lags on slow monsoon progress; IMD says rainfall to pick up next week
  • Rupee logs 3rd straight loss; Indo-US trade tiff weighs
  • Investor wealth erodes by over Rs 2 lakh cr as stocks plummet
  • Huawei says US ban could wipe $30 billion off revenue
  • Piramal Enterprises sells stake in Shriram Transport