Morning Business News Round Up_Oct 17, 2019

Morning Business News:

  • Overseas investors increase Asian bond-buying
  • Economies should engage in the combined action plan: IMF
  • The US warns China about untrackable ships carrying Iran oil
  • The slowdown in credit linked to growing risk aversion: SBI
  • RIL can hit $200b m-cap in 24 months, says BofA-ML
  • Trump says won’t sign a trade deal until he meets with Xi
  • PMC Bank assures to protect depositors interest
  • India’s fuel demand dips to lowest in over two years in Sept: Govt data
  • ICRA revises rating outlook for one-third of wind, solar portfolio
  • India cannot sacrifice economic strength to comply with US sanctions: FM

Image result for Economies

  • PNB Housing to raise up to Rs 10,000 cr by issuing bonds in tranches
  • Declining domestic copper grades compel China to look overseas: Fitch
  • Fundamentals of economy ‘very very strong’: CEA
  • Lending to small units fell in Q1, says MSME report
  • Bharat Electronics signs MoU with TEL for ammunition business
  • JSW Paints to enter western markets by year-end
  • India halved its poverty rate since the 1990s: World Bank
  • ACC net up 45% on higher realization
  • Reliance Jio alleges fraud by incumbent telcos to earn IUC revenue
  • Mindtree catches up with Street’s expectations in Q2
  • VTB Group acquires rights to sell 10.71% stake in ZEEL to recover the loan
  • Road ministry issues draft norms to set up vehicle scrapping facility
  • Sell our assets and start repayment to PMC: HDIL promoters ask probe agencies
  • RBI extends restrictions over two Maharastra based cooperative banks
  • Coal shortage has impacted aluminum production: Nalco
  • Important for India to keep fiscal deficit in check: IMF chief economist Gita Gopinath
  • DHFL crisis: Lenders hope Mutual Funds also join resolution plan soon
  • Adani Wilmar eyes Rs 36,000 cr from consumer business in 5 years
  • Rupee pares initial losses; settle 11 paise up at 71.43 against USD
  • Sensex rises for 4th straight session, up 93 points
  • Oil prices edge higher as OPEC hints at deeper output cuts