Morning Business News Round Up_May 16, 2019

Morning Business News:  

  • Trade Deficit widens to $15.33 billion in April
  • S. factory output drops for third time in 4 months
  • Independent directors come under corp ministry scanner
  • TCL and TGBL to merge consumer businesses
  • NCLAT admits HUDCO plea claiming dues from Bakshi
  • Sterlite Power commissions first project in Brazil
  • ArcelorMittal resolution plan violative of IBC: Ruia
  • India’s services exports rise 6.6% in March; services imports up by 10.55%

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  • Hindustan Zinc, Tata Steel lean on ‘digitised mines’ to boost productivity
  • Home buyers to pay 12% GST on dues if project gets completed before Apr 1
  • Indian Railways eyes Maruti cars to boost freight business by 2030
  • Lupin’s Q4 disappoints on soft India sales, higher tax and interest costs
  • Coonoor tea earnings surge by over 21 per cent
  • Maharashtra sugar czar slaps seizure notices on 68 mills
  • Global sugar deficit likely to be 2.34 mn tonnes in 2019-20
  • Govt plans to divest 15% stake in RITES; to fetch ₹700 Cr
  • Welspun Enterprises Q4 net up 17% at Rs 30 cr
  • Lupin reviews details of US lawsuit on drug pricing
  • MEA refuses to share details on extradition of Vijay Mallya, Nirav Modi
  • NSE penalises 250 companies for non-compliance of listing, disclosure norms
  • HDFC ties up with India Mortgage Guarantee Corp
  • Mahindra Partners buys out Matrix’s stake In Centre For Sight for ₹206.5 crore
  • Central Bank of India Q4 loss widens to₹2,477cr on high provisioning
  • SAT sets aside Sebi’s order against Piramal Ent, others in insider trading control lapses case
  • GSP countries to benefit from trade war with China, says report
  • Govt plans 400 MW storage-linked renewable projects
  • Jet Airways’ overseas rights to be allotted to other carriers
  • Rupee rises for 2nd straight day; settles up 10 paise at 70.34 vs USD
  • Sensex tumbles 204 points; Nifty ends below 11,200
  • CII to focus on enhancing industry competency, job creation
  • Promoters find it difficult to exit insurance business
  • Audit report finds 107 cases of shady lending at IL&FS