Morning Business News Round Up_May 08,2017

Morning Business News :

  • Untaxed cash of US cos like Apple, Google more than India’s GDP
  • CBI unearths 393 shell firms used to divert Rs 2900 cr, goes after Rs 30,000 cr more
  • Upward revision in volume forecast to help sustain premium valuation of Eicher Motors
  • Hinduja brothers top United Kingdom annual rich list
  • Wipro threat: You can fall prey bitcoin-fuelled attack
  • Indo-Russian 5th gen fighter takes shape as deal on design to be inked soon
  • Mutual fund investments in stocks hit 5-month high of Rs 10k cr in April
  • Rupee to be range-bound at 64-64.50 this week: Experts
  • Tata Motors likely to sign 5-year wage pact with Sanand workers in June
  • Essar Power will raise balanced debt of Rs 4,600 crore: CEO KVB Reddy
  • Deal to store Abu Dhabi oil is on slippery ground
  • Rising global steel prices make anti-dumping duty redundant
  • India Inc’s 14.8% revenue growth in Q4 is a mirage
  • Agriculture Ministry proposes hike in tur dal import duty to 20%
  • SoftBank may finalize Snapdeal sale to Flipkart next week, in realignment of India strategy

Image result for •	Mutual fund investments in stocks hit 5-month high of Rs 10k cr in April

  • Trai to look into Reliance Jio complaints about customised retention offers
  • Toyota Kirloskar Motor in talks with with parent firm to enhance exports
  • GTL Infrastructure stake sale likely to value firm at Rs11,000 crore
  • Emmanuel Macron wins French presidency with 65 per cent: Belgian paper cites Ipsos
  • Tata Motors expects 15 per cent growth in commercial vehicles exports
  • Railway projects worth Rs 90,000 crore undertaken in North-East region: Union Minister Suresh Prabhu
  • Scrap all production subsidies: NITI Aayog’s Bibek Debroy
  • India’s green car plan prioritises electric vehicles over hybrids
  • ACC, Ambuja boards to start merger talks soon
  • LIC to restructure lending biz