Morning Business News Round Up_Jan 10, 2019

  • Saudi to slash oil exports by 800,000 barrels per day
  • Ashok Leyland bags orders for 2,580 buses
  • RBI makes changes to Gold Monetisation Scheme
  • Telcos fail to meet quality norms in Jun-Sep 2018
  • Govt recommends Maharatna status to Power Grid
  • Banks give $900-million idea to Jet to stay afloat
  • Telcos for lawful interception of OTT messages
  • IndusInd Bank posts 5% growth for Dec quarter due to IL&FS provisioning
  • Adani Group may pick 51% lenders’ stake in TN’s power firm Coastal Energen
  • Drop in oil, metal prices likely to hurt Nifty50 companies’ Q3 net profit
  • Aurangabad, Chennai plants may be sold, not shut: Pfizer tells employees
  • Maharashtra cooperative mills seek release of pledged sugar held with PSBs
  • India poised to become third-largest consumer market: WEF
  • India’s bauxite output growth to accelerate: Fitch
  • IOC bullish on producing fuel from CO2 in 3 years
  • ABB’s global business rejig will benefit Indian operations
  • MCA summons officers, directors of Usha Martin
  • Adani Group to develop Data Center Park in Vizag
  • Venture capital exits climb to a record $165 billion in 2018
  • Interim Budget 2019 on 1 Feb, Jaitley may play poll tune
  • Bhushan Steel to raise ₹24,000 crore from Tata Steel
  • 30 suitors line up for IL&FS road asset sale
  • Essel Group in talks to raise $400 million to refinance debt
  • Auto firms say steel import norms will delay manufacturing
  • GST will boost India’s economic growth in coming years: India Inc
  • Air India stake sale to fetch Rs 7,000 crore; govt eyes disinvestment next fiscal year
  • Buy-backs, dividends to government left HAL poorer by Rs 15,500 Crore
  • Binani Cement: SC rejects Dalmia Bharat’s review petition
  • Shell acquires 26% stake in Hazira LNG
  • Asirvad to secure PE funding; aims for IPO, Rs 10,000 crore AUM
  • CII for doubling I-T exemption to Rs 5L, hiking 80C deduction limit
  • Rs 18,000 crore subsidy in works for stressed gas-based power projects

Morning Business News Round Up_Jan 09, 2019

  • RBI issues guidelines for card transactions
  • Infosys to consider share buyback, special dividend
  • Rs 6K cr assets detected under black money law
  • No proposal to give more powers to RBI: Govt
  • Vedanta to approach TN govt to restart Sterlite plant
  • Jalan panel report on RBI reserve likely in April
  • CAG favours policy framework for off-budget financing
  • Direct tax collection shortfall worry likely to add fiscal deficit woes
  • GST, excise, service tax evasion shoots up to Rs 48,555 cr in Apr-Dec
  • SC overturns Delhi HC ruling, grants Bt Cotton patent to Monsanto
  • NTPC to invest Rs 10,300 cr in greenfield thermal and solar plants in UP
  • Booster dose for pharma as Govt okays refund on foreign plant inspection
  • Allcargo makes space for Flipkart, Decathlon
  • Loans, deposits by Indians in Swiss banks down 34.5% in 2017
  • Prabhat Dairy plans to enter animal nutrition business
  • Pfizer to exit two more plants in India
  • Bengal Chemicals eyes larger presence in e-comm trade
  • Tata Steel sales down 10 per cent
  • RBI sets up panel under Nandan Nilekani to boost digital payments
  • Cabinet gives land to GAIL to set up CNG station in Patna
  • Myntra revenue shrunk by 80% to ₹427 crore in FY18
  • Mobile wallet transactions decline in November: RBI
  • Banks ask Jet Airways to explain its liquidity situation
  • Mumbai PPA brings earnings visibility for Tata Power
  • RBI cancels registration of 45 NBFCs; West Bengal tops list
  • IBM receives 9,100 patents in 2018; India second highest contributor
  • Trade talks with China going ‘very well’, says US president Donald Trump
  • Gita Gopinath joins IMF as its first female chief economist
  • Skies darkening over the global economy, says World Bank
  • NMDC to buy back Rs 1k cr shares
  • Post-death transfer of demat shares now requires physical documents
  • Iran hopes India will seek another waiver from US sanctions
  • Iran bank to become channel for rupee/rial dealings
  • Shoppers Stop evaluates FDI, e-comm strategy
  • Kharif crops sell below MSP; rabi sowing falls

Morning Business News Round Up_Jan 08, 2019

  • India to grow at 7.2 per cent in 2018-19: Government
  • Bandhan Bank to acquire HDFC-led Gruh Finance
  • Banks’ NPA level on the decline: RBI Governor
  • Resolve issues over dues by Jan 11: SC to RCom, RJio
  • Govt allows ONGC, OIL to induct foreign partner
  • Funds to cut equity allocations in 2019: Blackrock
  • Trade war ‘certainly’ hurting China economy: US official
  • Highway labourer at par with construction worker after new wage norms
  • RBI forms committee to look into issues of MSMEs, functioning of banks
  • After 3-month gap, HPCL, BPCL to import 1 mn barrels of Iranian oil in Feb
  • MF equity assets only 4% of India’s GDP, lags global average of 35%: Report
  • Essar Global Fund completes Rs 42,000 cr final debt tranche
  • Centre eyes $600-m from Round II of OALP bids
  • Corporates set to report lower revenue, profit growth in Q3
  • Direct tax mop-up rises 14.1% to Rs 8.74 lakh cr during April-Dec 2018
  • Lupin gets USFDA nod for generic schizophrenia drug
  • US-based Ecolab sets up global digital centre in Bengaluru
  • IL&FS Transportation defaults on dividend payment of Rs 7.12 cr
  • HDFC is the biggest winner in Bandhan-Gruh Finance merger
  • India takes over operations of part of Chabahar port in Iran
  • KPMG special audit finds Reid & Taylor promoters defrauded firm of ₹3,524 crore
  • Bitcoin pushes past $4,000 as technical gauge turns positive
  • 15 airlines bid for 111 routes in third round of UDAN auction
  • Elon Musk lays foundation of USD 7 billion Tesla plant in China
  • Jet Airways in talks to defer or reduce payments to vendors as lenders push for revival plan by month-end
  • Crude shocker can be rude shocks for economy: RBI economists
  • Amazon emerges as most valuable US firm amid market turmoil
  • Srei, Norway’s ECN in equipment import pact
  • Rs 40,000 cr investment expected in OALP-II bid round
  • To improve revenues, BSNL ties up with Eros for web content
  • OVL acquisitions fail to augment energy security
  • No decision on interim dividend yet: RBI