Morning Business News Round Up_Nov 15,2019

Morning Business News:

  • Govt plans to cut stake in IOC to below 51%
  • ONGC Q2 profit slumps 24%; misses Street estimates
  • Airtel flags ‘going concern’ risk after big Q2 loss
  • GST return forms simplified, filing dates extended
  • India resumes buying Malaysian palm oil
  • Alstom to deliver 10 electric locomotives to rlys this fiscal
  • L&T Cap likely to sell Dubai Wealth business
  • At Rs 6 trn, CBDT’s direct-tax mop-up so far less than 50% of FY20 target
  • 56% of UK companies upbeat about doing business in India: UKIBC Report
  • Sebi allows exchanges to modify commodity derivatives contracts
  • Glenmark Pharma net declines 38% to Rs 255.54 cr in September quarter
  • Grasim Industries Q2 net jumps to Rs 1,473 cr on good show by subsidiaries
  • Steel companies hike prices by Rs 500-750 a tonne for the first time this fiscal
  • UK companies say a business with India may increase after Brexit
  • Q2 results: NBCC reports a net loss of Rs 90.91 crore

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  • Vedanta Q2 profit rises 61% to Rs 2,158 cr
  • Several wind power projects miss completion deadlines
  • GVK Power’s Q2 loss widens to Rs 159 cr
  • PNB bank fraud: CBI set to file fresh charges in $2 billion scams, says the report
  • Union Bank of India posts Q2 net loss at Rs1,194 crore
  • Malvinder Singh, former Fortis Healthcare promoter, arrested
  • Moody’s affirms RIL’s Baa2 ratings with a stable outlook
  • CCI approves Adani’s 23.5% stake-buy in Mumbai International Airport
  • India resumes buying Malaysian palm oil as Kuala Lumpur offers discount
  • US-China trade war is good news for India’s this export business
  • Walmart Q3 earnings surge to $3.3 billion, beating expectations
  • Downgrade: Now, Moody’s cuts India GDP forecast for 2019 to 5.6%
  • Govt may hive off India Post’s life insurance biz into a separate company
  • Wholesale price index eases to 0.16 percent in October
  • Sensex ends 170 points higher; bank, IT stocks save the day
  • ‘RBI to cut rates by 40 bps by Feb despite high inflation
  • Aurobindo Pharma Ltd unit gets 14 observations
  • Gold supply by domestic refineries dips by one-third