Morning Business News Round Up_Mar 02,2017

Morning Business News :

  • GIC set to pick up KP Singh family stake in DLF arm
  • India seeks $5-7 billion aid from World Bank
  • China plans mass layoffs, gets ready to cut 5 lac jobs this yr
  • LPG prices raised by Rs 86, the steepest ever hike
  • Banks to charge Rs 150 after 4 cash transactions
  • Tata Sons will participate in TCS buyback
  • Nokia, Airtel join hands on 5G, IoT applications
  • Railways to come up with mini-budget today
  • Dow hits all-time high of 21,000 after Trump’s speech to US Congress
  • Another USFDA warning for Wockhardt; US plant faces product approval freeze
  • JSW Steel makes offer to buy controlling stake in Monnet Ispat
  • Tata Motors February sales up 2% at 47,573 units
  • Govt likely to impose 25% wheat import tax soon: Sources
  • World Bank offers over $1-billion loan to Maharashtra
  • GDP data belies exaggerated claims of note ban impact: Jaitley
  • Demonetisation credit positive as it will cut tax avoidance, corruption: Moody’s
  • Govt notifies law to make banned note possession punishable
  • Gujarat Ambuja Exports’ buyback offer begins
  • Sensex closes near six-month high, Nifty 0.75% higher on positive GDP data
  • Rupee closes weaker against US dollar on Asian cues
  • Hyundai sales up 6% to 52,734 units in February

Image result for hyundai logo

  • Voting on Grasim-Aditya Birla Nuvo merger to begin 6 March
  • Telecom secretary J.S. Deepak named India’s new WTO ambassador
  • Godrej consolidating food retail chain Nature’s Basket
  • India’s gold jewellery exports to UAE decline 56% in January
  • Muted response to second black money disclosure scheme
  • India ranks 36th in Internet inclusiveness: Facebook- Economist Intelligence Unit
  • Mahindra sales decline 2.92 % to 42,714 units in February
  • RBI cautions users against virtual currencies such as Bitcoins
  • India should use 5G to solve developmental problems:TRAI Chief
  • Avenue Supermart sets IPO price band at Rs 295-299
  • Insurers hike group health plan pricing