Morning Business News Round Up_Nov 21,2019

Morning Business News:

  • Sebi tightens disclosure norms on loan defaults
  • MFs will join DHFL resolution process: Sebi chief
  • Bank credit grows by 8.07%, deposits 9.92%: RBI data
  • Housing projects worth $66 bn face IBC proceedings
  • Govt mulls forex loan at a cheaper rate to exporters: Goyal
  • BSNL-MTNL merger may be completed in 2 yrs: Govt
  • Govt clears Code on Industrial Relations Bill; retrenchment norms not eased
  • Cabinet approves the strategic sale of govt stake in BPCL, 4 other CPSEs
  • Subhash Chandra to sell 16.5% stake in Zee, become a minority shareholder
  • Tariff hike may cause slower net user addition for telcos: BofA-ML report
  • Piramal gets a waiver on debt contract after offering to pay Rs 15 bn early
  • Telecom, aviation, auto sectors report the highest losses in Q2

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  • Better rainfall led to lower power demand in October: Power Ministry
  • CIL to develop 55 new coal mines in the next 5 yrs: Minister
  • The company continuously working on a resolution plan: Suzlon
  • ECU Worldwide buys controlling stakes in Hong Kong and Singapore logistics firms
  • Singapore’s Cube wins highways bid
  • Cabinet approves a two-year moratorium on spectrum payments for telcos
  • Tata Motor’s JLR to face challenging times even in next fiscal: Moody’s
  • Asia needs $800 billion over the next decade to feed itself
  • Homebuyers have filed over 1,800 cases under insolvency law: Govt
  • NCLAT extends the deadline for implementation of Patanjali’s bid for Ruchi Soya
  • Central American nation Costa Rica seeks Preferential Trade Agreement with India
  • China cuts new benchmark rate to boost the economy
  • NCLAT rejects DBS Bank’s plea challenging the distribution of funds from Ruchi Soya resolution plan
  • India appeals against WTO panel ruling on export incentive schemes
  • Reserve Bank of India supersedes DHFL board
  • Rupee settles 10 paise lower at 71.81 against US dollar
  • Moody’s assigns Baa1 rating to ONGC’s proposed senior unsecured notes
  • Telcos have to pay Rs 1.47 lakh cr dues; no proposal to waive off penalty: Prasad
  • Govt plans incentives for 324 foreign manufacturers