Morning Business News Round Up_May 14, 2019

Morning Business News: 

  • Automated GST refund for exporters by next month
  • Arcelor paying Rs 39,500 crore for Essar Steel and not Rs 42,000 cr: SCB counsel Kapil Sibal
  • Tata Power, Mahanagar Gas ink pact to offer various services
  • India smartphone market grew 7% in Q1 2019: IDC
  • India’s car sales decline 16% in April, the worst in eight years: Siam
  • Saudi oil tankers attacked as Gulf tensions soar amid US, Iran standoff
  • Hudco wants Rs 190 cr bite out of McDonalds-Bakshi deal, NCLAT to hear plea
  • US antitrust probe singes India’s pharmaceutical firms; Sun Pharma falls 9%

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  • Amazon introduces new machines that pack orders and replace jobs
  • SEBI slaps two showcause notices on HDFC AMC
  • Oriental Bank back in black, net profit in FY’18-19 at Rs 55 cr
  • Pre-monsoon showers may see a 5-year low
  • Retail inflation may rise to 4 per cent in FY20: Crisil
  • Relief for TCS as US court rejects CSC’s demand for restraining order
  • Kwality insolvency: Lenders to vote on deadline extension for submitting bids
  • United Bank of India posts profit in Q4, after seven quarter of losses
  • US markets tumble, treasuries rally on China tariffs
  • Vodafone Idea loss at Rs 4,881.9 crore in Q4 amid brutal tariff war, triggered by Reliance Jio
  • April retail inflation climbs to 6 month high of 2.92% as food prices rise again
  • India likely to add 80 GW of renewable energy capacity in next 5 years: Survey
  • Ola credit card: Uber rival is marrying digital payment with mobility in India
  • Home Ministry cancels registration of Infosys Foundation
  • Nabard announces Rs 700-cr VC fund for agri, rural startups
  • ITC Q4 net profit rises 18.72 pc to Rs 3,481.9 crore; Sanjiv Puri is new Chairman
  • Amul expects revenue to grow by 20 per cent to Rs 40,000 cr in 2019-20