Morning Business News Round Up_June 20, 2019

Morning Business News:

  • US Fed leaves key rate unchanged, hints at future cuts
  • Two former directors of IL&FS arrested by ED: Reports
  • HDFC buys 51% in Apollo Munich for Rs 1,347 cr
  • Govt plans to exempt EVs from registration fee
  • PNB’s recovery of bad loans doubled in FY19
  • Trump may use H-1B cap to target India’s data rules
  • RBI slaps Rs 10 lakh fine on South Indian Bank
  • OVL, partners to invest $20 bn in Mozambique to monetise gas reserves
  • Jalan panel report on RBI’s capital size to be finalised by June-end: Das
  • NBFCs face $15.8 bn of maturing debt amid cash crunch, credibility crisis

Image result for IndusInd Bank

  • Aviation to telecom: New accounting norms may alter debt math of companies
  • FinMin to rework proposal for Air India sale after considering oil price
  • NDTV case: Delhi ITAT upholds long-term capital gains tax on Roys
  • PSU drugmaker Hindustan Antibiotics hopes to regain health post ₹250-crore VRS
  • Renault India to phase out diesels cars from next year
  • L&T bags water supply project contract in Sri Lanka
  • BHEL commissions Chhukha hydro project in Bhutan
  • Rajesh Exports bags ₹ 942-cr order from Germany
  • SAT fines Sebi for 2017 order, calls its approach ‘casual’
  • Nirmala Sitharaman discusses liquidity, financial stability with regulators
  • Settlement mechanism: Sebi sets grounds for confidentiality to applicants
  • India will not allow multi-brand retail by foreign firms, predatory pricing
  • IndusInd Bank fixes 4 July as date for merger with Bharat Financial Inclusion
  • ArcelorMittal confirms Italian arm raises concern with govt for legal safeguard
  • Huawei’s troubles open big opportunity for Nokia, Ericsson
  • Tax body seeks extension of GST return filing by four months
  • UK Sinha panel on MSMEs submit report to RBI
  • US-China economic relationship ‘unbalanced’: USTR
  • FM reviews state of economy at FSDC meet
  • EAC-PM rejects Subramanian’s claim on over-estimation of GDP
  • Rupee up 2 paise to 69.68 vs USD ahead of Fed policy decision
  • Amazon opens Telangana’s largest delivery centre in Hyderabad