Morning Business News Round Up_May 7, 2019

Morning Business News:  

  • E-comm policy, data localisation figure in Indo-US meet
  • Trade war would be ‘bad for the world’: Buffett
  • Bharti Airtel posts surprise Q4 profit of Rs 107 crore
  • L&T buys Rs 113 cr Mindtree shares in open mkt
  • ICICI Bank Q4 profit drops 5% to Rs 969 crore
  • Jaypee Infra lenders to mull NBCC revised bid
  • Policy to boost exports on anvil as trade deficit hits new high of $176 bn
  • State-owned discoms’ debt set to rise to pre-Uday levels of Rs 2.6 trn
  • Forgers are forcing $9-trillion global trade financing into digital age
  • Govt cannot ensure cheaper oil to India, says US commerce secretary

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  • HDFC Bank board may go for splitting stock into two later this month
  • Wockhardt Q4 net loss narrows to Rs 14.47 cr
  • Industry bodies list key issues for GST Council meet next month
  • Gujarat Gas net jumps 77% in March quarter
  • PFS reports Q4 net profits at Rs 36.76 crore
  • Liquidation process for ABG Shipyard commences
  • Medlife acquires Bengaluru-based Myra Medicines
  • NRIs can remit up to $1 mn from sale of property in India
  • Investor wealth erodes by ₹1.24 lakh cr as markets plunge
  • Finance Commission to meet RBI governor, bank officials during Mumbai visit
  • ICICI Bank: Asset quality improves but trend in slippages, provisions key
  • UK entrepreneur says SBI allows him to bid for Jet Airways
  • Mastercard commits $1 bn investment in India in next 5 yrs; to develop India as global tech node
  • Anand Piramal, Kris Gopalakrishnan, Accel Partners, others pouring $74 million in Mukesh Bansal’s CureFit
  • China gives modest boost to economy with RRR cut amid renewed trade tensions
  • India’s services sector output growth at 7-month low in April: PMI
  • Sensex slumps 363 pts as US-China trade talks derail
  • End-user IT spending in India to reach USD 15 bn in 2019: Report
  • Sun Pharmaceutical eyes Chinese market
  • Over 100 US cos visiting India to explore business opportunities