Morning Business News:
- Oil imports from Iran down 57% y/y in April: Trade
- US commerce secy warns India against retaliatory tariffs
- Airtel to merge VSAT ops with Hughes India unit
- NCLT begins bankruptcy process for RCom
- Essar shareholder seeks ban on Mittal’s bid
- India IT & biz market to reach $14.3 bn by 2020: IDC
- Wipro builds blockchain digital currency in Thailand
- Kerosene subsidy bill builds up 21% to Rs 5,800 cr in FY19; LPG jumps 49.4%
- Alembic Pharma forms JV to enter a difficult $100 bn Chinese market
- Zee stake sale at advanced stage, progressing steadily: Essel Group
- Vedanta Q4 PAT at Rs 2,615 cr, down 34% yoy on Tuticorin plant shutdown
- Jalan panel to hold 2 more meets before final report on RBI capital size
- With $41-billion borrowing, ECBs hit five-year high in 18-19
- Hindalco in consortium to promote use of aluminium cans for beverages
- Mahindra Logistics Q4 PAT rises 14.5 per cent
- Porsche fined 535 million euros over diesel emission cheating
- Merck Ltd renamed as Procter & Gamble Health Ltd
- ONGC reaffirms strong financials post HPCL takeover
- Moderate demand dampens Q4 results for FMCG firms
- DCB Bank expects to double balance sheet in next four years
- Yes Bank acquires eight crore pledged shares of CG Power
- Escorts Q4 net profit up 8% at ₹121 crore
- Saudi Aramco said to give extra oil to Asian buyers
- Piramal, CPPIB in tie-up for India’s 1st renewables InvIT
- Centrum’s PE Fund invests Rs 15 cr in Ayurveda Experience, Dunzo
- BSE Q4 net profit drops 16.46 pc to Rs 51.86 crore
- RBI’s holding company model for banks will help contain NPAs, says Charan Singh
- IMF chief Christine Lagarde says US-China tensions ‘threat’ to world
- Rupee slips to 69.43 against US dollar
- Multifold increase in investments in B2B startups
- Reserve Bank of India plans more forex swaps, cash injection
- NBCC offers just Rs 20 crore to operational creditors