Morning Business News Round Up_June 27, 2019

Morning Business News:

  • RBI issues norms for interest rate derivatives
  • Data related to payments to be stored only in India: RBI
  • HSBC issues notice to IL&FS arm seeking its dues
  • US-China trade war will shave off global output: Fitch
  • DHFL to soon complete full stake sale in 2 subsidiaries

Image result for HSBC

  • UCO Bank targets Rs 8,000 crore recovery in FY20
  • Proposals to revive BSNL, MTNL being prepared: Prasad
  • American investments worth trillions waiting for India, says Pompeo
  • India won’t compromise national interest in trade talks with US: Goyal
  • Govt can raise Rs 95,000 cr from infra bonds to boost growth: BofA
  • ED seizes Rs 9,778-crore assets of Sterling Biotech, promoters in PMLA case
  • Valuation gains from non-cigarette businesses likely for ITC’s investors
  • NTPC-PGCIL joint venture to focus on improving efficiency of distribution utilities
  • Electrosteel to invest ₹5,000 cr to double production capacity
  • Adani Power to acquire GMR Chhattisgarh Energy
  • ‘Reliance Infra to deliver Rs 7,000-cr Versova-Bandra Sea Link project in 60 months’
  • GST audit for small assessees to be desk-based
  • PPF and other small savings schemes set for interest rate cut
  • SC stays payment of ₹380 crore by IL&FS subsidiary
  • CBDT expands areas to be covered by committee writing the new Direct Tax Code
  • JM Financial, Suraksha ARC acquire ₹2,000 crore Unitech loans
  • Icra cuts long-term debt rating of Piramal Capital, Edelweiss firms by a notch
  • FDI in telecom sector down 43 per cent to USD 2.6 billion in 2018-19, says Ravi Shankar Prasad
  • Government, RBI closely monitoring rupee exchange rate, says Nirmala Sitharaman
  • US aims to restart China trade talks, will not accept conditions on tariff use
  • Oil ministry seeks Rs 33,000 crore more for subsidy payout
  • Rupee settles 21 paise higher at 69.15 to US dollar
  • No shortage of iron ore in country: Mines Minister
  • Britannia Industries denies speculation over resignation of its MD Varun Berry
  • Inflation pinches much less for expats than average Indian
  • Rising exposure of MFI loans per lender worries industry