Morning Business News Round Up_May 10,2017

Morning Business News :

  • Reciprocity to be rule in power investments: Govt
  • US companies continue to bet big on India: USIBC
  • India’s next growth driver: $1.3 tn housing boom
  • RBI restricts IDBI Bank from hiring, opening branches
  • Softbank a step closer to sell Snapdeal to Flipkart
  • India to produce record food grains in 2016/17: Govt
  • Auto sector to invest Rs 1L crore on new norms: SIAM
  • Supreme Court may modify order on highway liquor ban
  • Lenders want Ruias to infuse Rs 2,500 crore in Essar Steel
  • India to grow at 7.2% in FY18, says IMF
  • PE investors seek exemptions for start-ups’ overseas holding companies
  • Digital India is the only way to empower citizens, says Oracle CEO
  • L&T’s defence supply business set to swell with Rs 4,500 cr gun deal
  • Vijaya Bank’s Q4 net profit rises three-fold to Rs 204 cr
  • ACC-Ambuja merger: Making of a cement behemoth
  • Panagariya to head task force to measure job creation
  • Rubber production up 22%, belies growers’ claims
  • USFDA makes 8 observations at Lupin’s Aurangabad unit
  • Titagarh Wagons forays into ship-building with govt contracts
  • PowerGrid gets unified licence to offer telecom services
  • Airtel Q4 profit plunges 72% to Rs373.4 crore on Jio impact
  • IndiGo to start regional operations, annual profit falls 16.5% to Rs 1,659 crore

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  • IMD forecasts above average monsoon rainfall in 2017
  • Singh brothers said to seek Rs250/share to sell off Fortis Healthcare
  • Rupee sees biggest loss against US dollar in 2017
  • Hudco IPO subscribed 3 times on Day 2
  • RBS to cut over 300 jobs, move others to India
  • BSE Greenex index methodology to change from June
  • EPF deposits may get 8.65 per cent returns in 2017-18 too
  • Cholamandalam Investment and Finance Co, HUDCO sign MoU
  • Apple tops $800 billion market capitalization for first time
  • Moody’s: Nothing new in new norms, bad loans resolution to take time
  • MF AUM hits a new high as firms pump back funds
  • SBI to raise funds via FPO, QIPs;to appoint 6 merchant bankers
  • Regulators to identify NPA cases for resolution
  • PSBs, SUUTI to be part of CPSE exchange traded fund II