Morning Business News Round Up_Oct 22, 2019

Morning Business News:

  • Oil industry issued an advisory to avoid Malaysian palm oil
  • Household wealth more than doubles to $12.6 tn in 2019
  • China seeks WTO okay for $2.4 bn tariffs on US goods
  • Drug companies reach a settlement ahead of landmark US opioids trial
  • Infosys responds to whistleblower ‘expose’
  • No another vote on Brexit deal: UK speaker
  • Broadband India Forum backs Jio, asks Trai to scrap IUC
  • Govt likely to extend benefits to exporters under MEIS till 31 March
  • India contributes 7% to global wealth rise, says Credit Suisse report
  • Piramal Enterprises profit before tax rises 29% to Rs 733 crore in Q2
  • Adani, GMR in the fray to commercially redevelop Chandigarh railway station
  • Bharti Infratel posts 61% jump in net profit at Rs 964 crore in Q2FY20
  • RBI steps in to raise deposit insurance cover for customers from Rs 100,000
  • UltraTech Cement net up 63 percent on lower cost, higher realization
  • Adani, Tata Power plants among those seeking coal linkages without curbs
  • Hotels, travel aggregators start refunding GST

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  • Rane (Madras) Q2 net plunges 80% on sluggish demand
  • Shree Cement July-September profit jumps five-fold to Rs 313 crore
  • Adani commissions 50 MW wind energy plant
  • Piramal Capital and Housing Finance net revenue grows 13% to ₹1,954 crores in Q2
  • Centre may allow consumers to choose electricity supplier offering the lowest tariff
  • Bharti Infratel, Indus Towers merger gets delayed; new panel to explore options
  • Embassy Office Parks, Actis, others  bid for Mapletree’s tech park
  • Centre’s EPFO dues surge to ₹9,115 crores amid fiscal pressure
  • Reliance on short-term funding poses risk to vehicle finance companies: Moody’s
  • Japan has huge export potential in pharma, gems and jewelry sectors: FIEO
  • Govt’s stringent commitment to low inflation hurting farm sector: Nobel laureate Abhijit Banerjee
  • Piyush Goyal says differences resolved with the US over trade deal
  • India turns refined copper importer after 18 years: Care
  • New foreign trade policy may have simpler export promotion schemes
  • Whistleblower complaint placed before the audit committee: Infosys
  • FPIs pour in Rs 5,072 cr into Indian capital markets in October so far
  • Share of ready housing units rises to 12 percent in September quarter
  • Pension beneficiaries’ bank accounts to be linked to Aadhaar