Morning Business News Round Up_June 28, 2019

Morning Business News:

  • WTO panel rules in India’s favour in case against US
  • Government sets up working group to revise WPI
  • Govt to go ahead with disinvestment of Air India
  • Despite NBFC crisis, NPAs fall to 9.3% in FY19: RBI
  • Indian banks have been under-reporting frauds: RBI
  • Govt, RBI must work more closely to boost growth: Guv
  • Govt may tighten disclosure norms for CSR spending
  • SEBI tightens rules for pledged shares, MFs to shield minority shareholders
  • Pressure on fiscal front, economy has hit a soft patch, says RBI
  • NTPC-Power Grid JV likely to be distribution sector operator
  • Axis Bank considers $1.3 billion share sale to expand lending capacity
  • Anil Agarwal’s Vedanta sees foreign hand in Sterlite Copper closure
  • Modi govt mulls big legislative changes in Essential Commodities Act
  • Trump asks India to withdraw tariff hike; calls it unacceptable
  • India gets 24% below-average rainfall this week: IMD
  • DLF promoters infuse balance₹2,250 crore upon exercise of warrants
  • L&T Hydrocarbon Engineering bags twin orders from ONGC
  • Cement firms’ profit to look up despite weak demand in Q1
  • Tata plans UK’s first industrial-scale carbon capture plant
  • BSNL says ‘not received’ DoT direction to put capex plan on hold
  • Finance ministry wants EPFO to lower provident fund (PF) interest rates: Report
  • Jaguar Land Rover is exploring new high-yield bond sale
  • Cement demand to witness single-digit growth in FY20: Report
  • Cox & Kings defaults on payments of ₹150 crore
  • India-Japan ties to become stronger in ‘New India’: PM Modi tells diaspora
  • Indians’ money in Swiss banks falls, hits second-lowest level in two decades

Image result for PNB

  • NMDC invokes termination clause against BHEL for delay in Rs 1,395 crore contract
  • PNB fraud case: Swiss authorities freeze four bank accounts of Nirav Modi, sister
  • Rupee settles 8 paise higher at 69.07 against US dollar
  • By March 2020, banks’ gross NPAs to reduce to 8 per cent
  • FSSAI calls for visible labelling of packaged foods
  • Adani Ports plans to raise USD 750 million
  • Bharat Biotech to manufacture Cholera vaccine