Morning Business News Round Up_SEPT 23rd, 2019

Morning Business News:

  • Blackstone REIT’s success lures global funds to India
  • No plans to revise fiscal deficit target: Sitharaman
  • SBI to roll out co-lending model with 4-5 NBFCs
  • Committed to meet India’s energy needs: Saudi envoy
  • Default rating puts RCap’s $5 bn debt at risk
  • Scooters India strategic sale on hold amid the auto slump
  • Petronet signs $ 2.5 bn deal for stake in US LNG plant
  • Top 1,000 listed firms may see tax savings of Rs 37k cr on tax cut: Crisil
  • PM Modi meets energy sector CEOs in the US, discusses investment opportunities
  • 361 infra projects show cost overruns of over Rs 3.77 trillion, says the report
  • Reliance Capital protests after rating agency downgrade debt to ‘default’
  • Hero MotoCorp might see a reduction in earlier-projected CAPEX of Rs 1,500 cr
  • The tax cut a big boost for foreign firms to invest in India: FM

Image result for Petrol price

  • India’s coal import declines by about 4% to 19 mn tonnes in July
  • Petrol price soars ₹1.59/ltr, diesel ₹1.31/ltr after Saudi Arabia attacks
  • Oil and gas sector expects 5% GST to favour hydrocarbon exploration
  • Cipla announces the closure of USFDA inspection at Bengaluru facility
  • Dr Reddy’s halts the worldwide supply of Ranitidine
  • Govt working on measures to make the steel sector ‘globally competitive’
  • Altico says evaluating options after default
  • Big Oil’s future may rest on climate debate over natural gas
  • HKEX said to rope in UBS, other banks to court LSE investors
  • Cipla announces the closure of USFDA inspection at Bengaluru facility
  • The US likely to escalate the trade war with China if no deal is agreed soon
  • WTO dispute over India’s tariffs on ICT goods: the US seeks to set by up of dispute panel
  • Government to make changes in rules of trade remedies to make them more effective
  • Thomas Cook nears collapse as travel giant relying on unlikely govt bailout
  • Non-life insurers register 17 pc rise in Aug new premium income at Rs 15,964 cr
  • FPIs withdraw Rs 4,193 cr from capital markets in Sept so far
  • Sugar industry set to start exports to China, Iran
  • SFIO challenges NCLT probe orders
  • Banking, FMCG to benefit from corp tax cut; pharma, IT to remain untouched: Report