Morning Business News Round Up_Mar 07, 2019

Morning Business News :

  • India may move to WTO against US over import sops
  • DHFL didn’t create shell companies: Audit report
  • CBDT notifies relaxed norms for start-ups
  • OECD cuts global growth forecast over trade, Brexit uncertainty
  • Biocon gets 6 observations from USFDA after inspection of its Bengaluru plant
  • NHPC pays Rs 527 crore dividend to govt
  • US trade deficit surges to 10-year high in 2018 at $ 621 bn
  • SC decision puts banks at risk of adding $25 bn to power sector NPAs
  • BoB, Dena, Vijaya Bank merger could open Rs 1,000 cr IT outsourcing window
  • Rs 25,000-cr infusion not enough to stabilise Bharti Airtel’s rating: S&P

Image result for bharti airtel

  • Grab raises $1.46 bn from SoftBank Vision Fund; $4.5 bn secured so far
  • Sugar production around 248 lakh tonnes till Feb 28: ISMA
  • Kerala govt moves HC against airport contract granted to Adani
  • Bombay HC asks NSL to deposit₹138 cr in MMBL-royalty issue
  • Philip Morris circumvented FDI ban on cigarette manufacturing
  • India requires pragmatic compulsive licensing system: Cipla
  • Govt bans import of solid plastic waste by SEZs, EOUs
  • Nomura sees GDP growth target below 7% in 2019-20
  • CBI seeks additional documents from ICICI Bank in Videocon loan default case
  • European Union says ‘no solution’ yet to break Brexit deadlock
  • Banks encash bond holdings to service rising demand for credit
  • India needs more globalization to boost wages: World Bank-ILO report
  • Donald Trump acts tough on India; US to withdraw zero duty import benefit on 1,784 items
  • February peak power demand rises 3% year-on-year
  • DoT panel divided on E&V band spectrum allocation
  • NELCO gets in-flight, maritime connectivity licence from DoT
  • Rupee rises for 2nd day; up 21 paise to 70.28 vs USD on easing crude prices
  • Sensex spurts 193 points; Nifty closes above 11,000-mark
  • OECD lowers global growth forecast over trade tensions