Morning Business News Round Up_Mar 11, 2019

Morning Business News :

  • Finance Ministry eyeing part of non-core asset sale proceeds of CPSEs as dividend
  • China, US reached consensus on exchange rate issues
  • Govt amends SEZ rules in three critical areas
  • IDBI Bank considering renewal of term for current MD
  • Savings of millions of armymen now junk due to IL&FS
  • FinMin may borrow 60% from market for H1
  • PNB: Agencies to probe who helped Nirav set up UK biz
  • Anil Ambani’s Reliance Capital looks beyond Nippon Life for AMC stake
  • Naresh Goyal to shed stake to 17% in Jet bailout plan; lenders to hold 30%
  • India seeks Saudi investment in strategic oil storage to resurrect refinery
  • Govt scraps 6th, 7th rounds of coal mine auction; sale of 19 blocks on hold
  • Magma Fincorp expects to close FY19 with 20% growth in disbursals
  • CBDT allows offshore fund managers to operate from India
  • EPF transfer on job change to become automated from next fiscal
  • ‘Access to formal credit increases income of farmers’
  • Suven Life inks pact to buy assets of Rising Pharma units
  • DLF to launch over Rs 3,000 cr QIP by June
  • Sebi seeks powers to grant immunity, impose lesser penalty in lieu of assistance

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  • India targets Saudi investment in building strategic oil reserve
  • US, China have reached consensus on many vital issues, Yi Says
  • FPIs invest over ₹2,700 crore in five sessions on global cues
  • Essar Steel, Binani insolvency resolutions get official clean chit; top body says no contradiction
  • CII releases roadmap for 8% growth in coming years
  • India-SICA talks to take place soon to help promote bilateral trade and investments
  • High value cars, jewellery to become cheaper as TCS to be excluded in computing GST
  • Irdai panel suggests host of steps for speedy settlement of insurance claims
  • RBI says no data on demonetised 500, 1,000 notes used at petrol pumps
  • IRDAI issues norms on conflict of interest