Morning Business News Round Up_March 14, 2018

Morning Business News :

  • RBI scraps LoUs, the tool that set off India’s biggest banking scam
  • Raghuram Rajan defends 80:20 gold scheme
  • Tata Sons sells shares worth nearly Rs 9,000 cr in TCS
  • Bhushan Steel’s insolvency resolution put on hold
  • SBI closes 41L SB accounts for not keeping min balance
  • Nirav case: Total fraud amount rises to Rs 13,600 cr
  • Showcause notices issued to telcos on call drops: TRAI
  • SC extends deadline for linking Aadhaar to phones, bank accounts

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  • States issued Rs 283.98 bn as GST compensation till Dec: Arun Jaitley
  • PNB discloses Rs 9.42 bn additional exposure in Nirav Modi, Choksi fraud
  • Govt to sell 10% stake in HAL through Rs 42.30 billion IPO
  • BPCL to participate in insolvency process for Nagarjuna Oil corp
  • Banks agree to govt terms for Rs 800-billion recapitalisation bonds
  • MCX set to launch world’s first brass futures contract
  • Near-term correction likely in NCDEX refined soya oil
  • July-Dec 2017 saw surge in MSMEs seeking credit for first time
  • Suzlon installs India’s largest wind turbine generator
  • Zydus Cadila gets USFDA nod for Tizanidine tablets
  • HDFC to pare over 4% stake in AMC arm through IPO
  • Gail India buys 2 LNG cargoes for April delivery-traders
  • HDFC Bank blocks all its cards to buy, trade cryptocurrencies
  • RCom says to appeal NCLT order against Reliance Infratel asset sale
  • Bharat Dynamics IPO sees 32% subscription on Day 1
  • Over 9,000 cases under consideration of NCLT, including over 2500 cases of insolvency, says government
  • India to become collateral damage in Trump’s trade war on steel, aluminium
  • IBC: Government says no reduction in resolution plan submissions post Ordinance
  • China accounts for 66 pct of India’s bulk drug imports in FY’17
  • Karnataka allots 43 acres to Wistron for Apple’s iPhone unit
  • SBI retains minimum balance limit, but cuts penalty charges by 75%
  • Eicher ends Polaris JV, Multix dumped
  • Suzlon to set up 36 wind units for Maharashtra utility
  • Small cars have higher insurance loss ratio than SUVs