Morning Business News Round Up_Oct 16, 2019

Morning Business News:

  • Sep trade deficit narrows slightly to $10.86 billion
  • Global growth in 2019 to be lowest in a decade: IMF
  • EU, UK negotiators closing in on a draft Brexit deal
  • 1/3 large firms not to switch to the new tax regime: Crisil
  • Saudi Aramco interested in buying govt’s stake in BPCL
  • Jain Irrigation cut to ‘selective default’ by S&P
  • Wipro Q2 net profit jumps 35.1% YoY to Rs 2,552.6 crore
  • September exports repeat decline, contract by 6.5% to reach the 3-month low
  • Air India stake sale: Buyer to get only Rs 10,000 crore of airline debt
  • Promoters sell 22% stake in Bajaj Consumer Care for Rs 700 crore

Image result for CSR

  • Essar Steel CoC defends lower payout to Standard Chartered Bank
  • IMF cuts India’s growth forecast to 6.1 percent
  • Essel in talks to sell six road assets to NIIF
  • MCX net doubles on higher volume, gold price rise
  • CleverTap raises $35 million from Sequoia, Tiger Global
  • Berger Paints to acquire 95.53 percent in waterproofing co STPL for Rs 167.5 cr
  • Sajjan Jindal repays ₹1,200-cr loan to release pledged shares
  • RBI governor assesses liquidity situation, calls for quicker transmission
  • India retains the tag of the world’s fastest-growing economy alongside China: IMF
  • Subhash Chandra  scrambles  to retain Zee reins amid VTB’s stake sale talks
  • Karnataka Bank Q2 net down 5.3% to Rs106 cr as bad loans go up
  • India’s services export up 10% in Aug at $18.24 billion; imports rise 16%
  • China sees ‘no difference’ with the US on trade deal
  • India on track to achieve 175 GW of renewable energy by 2022: RK Singh
  • India does not have any trade dispute with the US, says Piyush Goyal
  • Cabinet to consider splitting GAIL; pipeline business not to be sold before 2022
  • Sensex spurts 292 points; auto, metal stocks drive rally
  • Maruti reports Rs 154 crore investment in CSR initiatives last fiscal
  • Total to buy Adani Gas stake via an open offer