Morning Business News Round Up_June 21, 2019

Morning Business News:

  • NCLT admits Jet Airways into bankruptcy process
  • DBS revises India GDP forecast for FY20 down to 6.8 pc
  • New industrial policy to be announced soon: Prez
  • MPC members voted for cut but flagged risks to inflation
  • Adding 78,000 petrol pumps is uneconomical: Crisil
  • China asks India to take an independent call on Huawei
  • 30 new judges appointed in NCLT courts across India
  • Moody’s downgrades Tata Motors with negative outlook on JLR worries
  • EPFO halts investment in private sector bonds due to NBFC crisis
  • Worst growth for India’s corporate bonds in over 10 years fuels concern

Image result for Sebi

  • Mining’s share of India’s GDP fell to 1.53% in FY18 from 1.93% in FY13
  • Govt identifies 5,106 risky exporters who fraudulently claimed GST refunds
  • FSSAI plans to expand notified entry points for food imports
  • Recovery of bad debt from steel companies to dip
  • GAIL hires LNG carrier from Mitsui
  • Jaypee Infratech resolution plan: Creditors await NCLAT hearing
  • Cairn Oil & Gas shortlists Lloyd’s Register for developing OALP-1 blocks
  • NHPC ties up 2,500-MW thermal power
  • Govt to push campaign against black money at faster pace: President Kovind
  • Credit, deposit growth loses momentum: RBI data
  • L&T to get three board positions at Mindtree
  • Oil jumps 3% to $63 as Iran shoots down US drone in Gulf
  • Retail, FMCG to add 2.76 lakh new jobs in April-September FY20
  • Sebi panel proposes cut in liquid funds’ exposure to NBFCs, HFCs
  • Bajaj Holdings buys majority stake in MSL as Maharashtra government exits joint venture
  • Nearly one-fourth of India Inc posted losses in FY19
  • Government starts crackdown on dummy firms
  • Intertrust acquires tech solutions provider Viteos for $330 million
  • Centre, states need to pursue labour law reforms: SBI report
  • Forex trading platform for retail participants ready for rollout on Aug 5
  • Sensex soars 489 points as dovish Fed lifts global markets
  • Gold crosses Rs 34,000-mark, at 5-year high in global market