Morning Business News Round Up_May 27, 2019

Morning Business News:

  • Power gencos outstanding dues on discoms jumps 63pc
  • COAI urges new govt to ease telecom sector’s woes
  • Govt to merge CSO with NSSO to create new stats body
  • GMR Group gets a major tax relief from Maldives
  • Government restricts bio-fuel imports
  • UK must be ready to leave EU without deal: Raab
  • Manipal Hospitals to buy Medanta in Rs 5,800 crore deal
  • Renault and Fiat set to announce talks for a potential merger: Report
  • Switzerland steps up sharing banking info; 11 Indians get notices in a day

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  • Indians top investors in Dubai’s gold sector among 10 nationalities: Report
  • Jaypee Infratech’s creditors to discuss NBCC acquisition bid on May 30
  • India Cements Q4 profit up 24% at Rs 44 crore on improved prices
  • GST standard rates may not be merged any time soon
  • CBDT eyes 20% jump in tax revenue
  • Usha International bets big on water pump biz
  • Textile industry asks retailers to source garments locally
  • Salzer acquires 72% stakein Kaycee Industries
  • Adani Solar eyes 50% share in retail market for panels
  • India rejects attempts by US, others to deny policy space at WTO
  • Single authority for sanctioning, processing GST refunds likely by August
  • JSW Steel navigates softer commodity prices well in Q4
  • Air India bid to sell prime real estate fails to take off
  • Government asks Jet Airways’ lenders to share audit report
  • Trai spectrum prices high due to inconsistency in principles: Study
  • Indians lead top 10 nationalities investing in Dubai’s gold sector
  • India will be single best place to invest in the future, says Fairfax’s Prem Watsa
  • Cipla says looking at continued growth across key markets in FY20
  • FPIs pull out Rs 4,375 crore in May so far
  • FinMin to launch ETF with bank stocks, fin institutions this fiscal
  • Fortis Healthcare posts Q4 net profit of Rs 151 cr
  • FPIs pump in over Rs 5,800 crore post-polls
  • L&T picks up Mindtree shares worth Rs 316 cr between May 20-24