Morning Business News Round Up_Nov 27,2019

Morning Business News:

  • CCI finds Tata, SKF & Schaeffler guilty of collusion
  • Steel sector may face short-term disruption: Report
  • State-run firms to clear over $1 bn owed to green cos
  • Reliance Capital defaults on debt repayment
  • Moody’s warns BPCL of a potential downgrade on govt sale
  • London Stock Exchange shareholders bless $27 billion Refinitiv deal
  • Risk of undercapitalization for state-owned institutions: Nobel winner
  • RBI revises framework on currency swap arrangement for SAARC countries
  • RBI mulls one-time rollover loan recast of select real estate firms
  • Sebi ban on Karvy over client fund misuse unnerves India’s retail investors
  • US FDA pulls up Ipca Labs for manufacturing violations at Gujarat plant
  • States need to raise infrastructure spending to Rs 110 lakh cr over next decade: Crisil
  • India Ratings lowers India’s Q2 GDP growth to 4.7%; FY20 forecast at 5.6%

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  • Singapore’s PSA buys 50 percent stake in Indian logistics hub for $93 million from CMA CGM
  • Coffee Day Global sale may be delayed as valuation dips by half
  • Birla MF side-pockets ₹793-crore investment in Essel Group firm
  • IKEA sees Mumbai among top 30 global markets, makes the biggest investment so far
  • Capital Small Finance Bank raises ₹84 crores from OIJIF
  • Ant Financial to raise $1 bn investment fund for India, Southeast Asia startups
  • Govt collects ₹729 cr from sale of 10% stake in RITES
  • RBI revises framework on currency swap arrangement for SAARC countries
  • RBI red flags rising Mudra bad loans
  • GST authorities unearth racket involving Rs 140 crore tax fraud
  • Reliance Nippon Life adequately capitalized, no need for fresh
  • Bata to use multi-channel retail strategy to reach more customers
  • Tejas Networks signs the pact with Bharat Electronics
  • Rupee rises 24 paise to 71.50 against US dollar
  • Discoms may get loans to clear dues to RE firms
  • Reliance Naval surges 700 percent in record streak
  • Sical to sell or hive off businesses to pare debt
  • Citigroup cuts gold’s three-month target