Morning Business News Round Up_May 17, 2019

Morning Business News:  

  • PNB not to sell stake in housing finance arm
  • Niti Aayog bats for ending data monopoly
  • India to benefit from US-China trade war: Experts
  • RBI directs NBFCs to appoint chief risk officer
  • Arcelor Mittal clarifies terms of Essar Steel bid
  • Trump’s Huawei threat is to halt China’s global rise
  • Reliance-BP makes 1st bid for oil block
  • Govt buys 29.26 mn tonnes wheat, set to achieve target of helping farmers
  • Funding crisis to worsen unless India pumps more cash into financial system
  • Only Rs 39,500 cr for distribution among Essar creditors, CoC tells NCLAT

Related image

  • Hindalco Industries Q4 profit down 37% to Rs 236 cr on higher input costs
  • HFCL Q4 profit dips to Rs 52 crore, order book at record high
  • Vedanta, ONGC, RIL-BP in fray for oil, gas blocks offered under OALP-II, III rounds
  • Ashok Leyland bags order for 400 minibuses from Senegal
  • KPIT net profit at ₹30.9 cr in March quarter
  • JSW Energy logs Rs 6 cr profit in Q4
  • Petronet LNG Q4 net falls 16% to₹440 crore
  • JK Tyre skids on high raw-material cost; Q4 net plunges 79% at ₹34 crore
  • Goldman Sachs to buy United Capital for $750 million
  • L&T acquires 8.86 lakh shares of Mindtree; takes overall holding to 26.48%
  • Hindalco not perturbed by European Commission process on Aleris
  • Indian rice prices slide to 7-month low as demand stalls
  • Essel Group to sell 3 road assets to CDPQ
  • SIDBI Q4 net jumps 28% to ₹519.36 crore
  • Mastercard to invest Rs 7,000 crore, double headcount in India
  • Electricity generation seen rising 6.4% in FY20
  • Bank of India back in the black, posts Rs 252 crore profit in Q4
  • Jet Airways sale: SBI Caps rules out Darwin as potential investor
  • Rupee rises for 3rd day; vaults 31 paise to 70.03 vs USD
  • COAI favours minimum broadband speed of up to 2 Mbps for 4G network
  • Vedanta bids for 30 oil & gas blocks
  • Pennar Industries gets NCLT nod for merger