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Morning Business News :
- Q3 GDP growth seen at 6.5-7 pc: SBI study
- Preserve liquidity to pick quality stocks on derivatives expiry day
- EPFO reduces interest rate to 8.55% for 2017-18, its third straight cut
- Bajaj Finserv, Grasim and Titan to be part of Nifty 50 index from April 2
- TCS, Infy, HDFC help Sensex, Nifty end higher after three losing sessions
- Stock exchanges try to assuage concerns after MSCI warning
- BSE to launch cross-currency derivatives next week
- Dollar hits one-week high as focus shifts to Fed; world stocks fall for 3rd day
- RIL to acquire 5% in Eros International for Rs 1,000 cr
- NSE 500 cos’ performance too improves in December quarter
- UP investors summit: RIL to invest Rs10,000 crore over next 3 years, says Mukesh Ambani
- ONGC short-lists 3 US oil service majors to lift output from two fields
- Wipro to set up Rs220 crore manufacturing unit in Telangana
- Sun Pharma shares tank over 8%; biggest drag on Sensex, pharma index today
- Rupee drops 15 paise, nears 65-mark against US dollar as Sensex trips from day’s high
- Idea Cellular QIP: Birla group telco fixes issue price at Rs 82.5 to raise Rs 3,500 crore
- Retail firms outdo market in terms of 10-year return
Morning Business News :
- FPIs may have found a way to dodge LTCG bullet
- I-T dept has tech to trace black money: CBDT chief
- Budget reaffirms digital commitment within govt
- Govt raises import duty on cotton seed oil, olive oil
- Telecom sector to create 4 lakh new jobs in 5 yrs: Sinha
- Government defers compulsory E-way bill application
- Imported luxury cars to be costlier by up to Rs 10 lakh
- Budget 2018: The great balancing act by Jaitley on social and fiscal fronts
- Union Budget 2018-19 Announcements In Nutshell
- Issue guidelines to ascertain predatory pricing: TDSAT to telecom regulator
- At Rs 6.2 trn, April-Dec fiscal deficit touches 113.6% of FY18 estimate
- Titan Q3 net rises 21% to Rs 2.8 bn; total income up 7%
- Bitcoin’s big wipeout erased $44 bn of market value in Jan
- Govt misses fiscal deficit target; higher at 3.5% in FY 18
- Govt hikes customs duty on mobile phones to 20%
- Budget eyes Rs 80,000 cr from PSU disinvestment in FY19
- Logistics sector to benefit from National Logistics Portal
- Maruti sales up 4% at 1,39,189 units in January
- Royal Enfield January sales up 31% at 77,878 units
- IMF welcomes fiscal deficit targets set by Arun Jaitley
- Smart cities mission gets a hike in budget
- Rupee crumbles 44 paise on LTCG tax, fiscal deficit woes
- Alibaba raises forecast, agrees to buy 33% of Ant Financial
- TV18 to increase Viacom18 stake to 51%
- Oil steady as Opec compliance offsets robust US output
- Tata Motors worried over drop in commercial vehicle share
- FPIs infuse more than $1 billion in Indian debt in 2 weeks
- ONGC pays government Rs 36,915 crore for HPCL
- Amazon posts largest profit in its history on sales, tax boost
- Govt lowers market borrowing to Rs 4.07 lakh cr for FY19
- Gold Monetisation Scheme to be revamped: Jaitley
- 3 PSU insurers to be merged and listed
- Highest ever infra allocation to boost investment cycle
Morning Business News :
- FY17 GDP growth revised to 7.1% from 6.6% earlier
- Reliance Jio warns public against fake JioCoin apps
- US Fed leaves rate unchanged; sets up March hike
- Quess to acquire Monster India, HCL Info’ care biz
- SBI gets board approval to divest 4.40% CCIL stake
- Havells India promoters sell 2% stake for Rs 647 cr
- TV18 becomes majority shareholder in Viacom18 at a valuation of $2 billion
- IBBI chairman Sahoo defends 94% haircut for stressed firm
- Sebi agrees to transfer Rs 16.7 bn of surplus funds to govt
- Recap bonds: Govt fixes coupon rates up to 7.68% with six maturities
- ICICI Bank Q3 net drops 32% to Rs 16.5 bn; smallest profit in 7 quarters
- HC allows Daiichi plea seeking Rs 35.6-bn arbitral award against Singh Bros
- Morgan Stanley shifts p-note base as govt tightens rules for FPIs
- Trai cuts mobile number port out charges by 79% to Rs 4
- China January factory growth dips to 8-month low
- IREDA, Rewa Ultra Mega Solar sign loan agreement
- Solar Alliance to sign 121 projects by April-end
- Ramky Enviro to invest₹1,000 cr in expansion
- JSW Steel logs record Q3 profit of Rs.1,774 cr
- H&M India sales nearly double to Rs 955 cr in 2017
- Liquidation is anti-thesis of resolution, says IBBI chief
- SBI’s deposit rate hike sets stage for rise in interest rates
- Blackstone to buy Thomson Reuters F&R unit in a $20 billion deal
- Galaxy Surfactants IPO sees 19.76 times subscription on the last day
- Hindustan Copper plans to raise Rs1,400 crore via QIP
- Vedanta Q3 profit slips about 4% to Rs2,053 crore, lags estimates
- GST E-way Bill mandatory from Thursday
- Suresh Prabhu to meet industry next month on new industrial policy
- Banks can keep recap bonds in HTM category minus any limit
- Middle Eastern countries must broaden tax bases: IMF
- Samsung Electronics reaps $39.30 billion net profit in 2017
- Walmart to pick up 15-20 per cent stake in Flipkart: Report
- TVS Motor launches crusade against copy cats
- India moves to stub out tobacco industry rights
- Hero MotoCorp re-enters premium segment with new Xtreme 200R bike
- Bulk deposit rates rise as credit growth picks up momentum
Morning Business News :
- Gross NPA may rise to Rs 9.5L crore by March: Study
- ‘Tata Sons must consider buying out SP Group’s stake’
- India sees scope for more integration among oil cos
- HPCL may acquire MRPL in cash, share-swap deal
- NCLT seeks McD reply on showcause notice
- Oil ministry seeks cut in excise duty on petrol, diesel
- RoC halts registering new cryptocurrency exchanges under Companies Act
- Axis Bank Q3 profit up 25% to Rs 7.2 bn as net interest income grows
- Ashok Leyland eyes 5-fold increase in light CVs’ export; to invest Rs 4 bn
- Budget 2018: Agri-credit likely to increase to Rs 11 trn for better flow
- Tencent-backed Practo sees losses triple to Rs 1.9 b in FY17
- India ranks 62nd on WEF’s Inclusive Development Index
- GNFC registers highest-ever performance in December
- India’s richest 1% corner 73% of wealth generation: Oxfam
- Sanofi to buy Bioverativ for $11.6 billion
- US FDA completes inspection of Shilpa Medicare Raichur units
- IFMR Capital facilitates SPiCE bond transaction
- IMF sees India GDP growth at 7.4% in 2018, China’s at 6.8%
- World Gold Council investigates standard for gold kilobars
- CPPIB to invest $144 million in ReNew Power Ventures
- RBI, govt may give banks more time to switch to IndAS
- Siemens Gamesa bags orders for 326MW wind power capacities
- Tiger Global is said to take a $1 billion stake in Barclays
- Nearly 4% of GDP is lost due to malnutrition, says Assocham, EY joint report
- India asks Germany to help relax new EU rice import rule
- Tiger Global is said to take a $1 billion stake in Barclays
- India’s richest 1% corner 73% of wealth generation: Survey
- Larsen & Toubro launches second offshore patrol vessel
- India’s rising government bond yields are credit negative for its public-sector banks
- Govt has run away by classifying NSEL crisis as private dispute: Charry
- Goa miners expect lifting of iron ore limit by SC
- Sugar prices tumble on panic sale by mills
- Silver imports nearly doubled in 2017, thanks to GST
Morning Business News :
- Equity investment limit for EPFO may be raised to 25%
- ONGC, HPCL must respect each other’s autonomy’
- India to become fastest growing large economy in 2018
- Trying to bring petrol, diesel under GST: Pradhan
- ONGC hikes debt-raising by 40% to fund HPCL buy
- Jaitley likely to address Sebi, RBI boards on Feb 10
- FPIs pour in Rs 8,700 crore in January so far
- Sebi to open consent doors for serious violations, cut burden of cases
- Over 20% of TCS’ hiring in last 12 months was outside India
- Aluminium makers want duty hike on scrap, abolition of coal cess
- UP likely to give Rs 20 billion dole to sick govt sugar mills
- AP govt selects Adani Ports to develop Bhavanapadu Port
- Saudi Arabia calls for extending non-OPEC cooperation as oil prices rise
- Govt eases rules for issuing CDC for seafarers
- HPCL board will be similar to MRPL, OVL: ONGC chief
- Grasim gets eco clearance for Rs. 2,560 cr expansion project
- MF folios touch all-time high of 6.65 crore on strong retail participation
- Jyothy Labs to ride on ayurveda wave
- Comm Ministry wants no price curbs on most farm exports
- IMF, World Bank laud RBI for ‘strengthening’ supervision
- NMDC keen to augment mineral production in Odisha
- Govt set to hit divestment goal for first time post ONGC-HPCL deal
- DCM Shriram’s Q3 profit up 56% at Rs213 crore
- Maruti plans to launch four products in next 12-18 months
- Nearly 4% of GDP is lost due to malnutrition, says Assocham, EY joint report
- 49% Indian companies not likely to secure sensitive data in cloud: Survey
- Commerce ministry for removal of sunset clause for SEZs
- GST anti-evasion: Cess likely on pan masala at manufacturing stage
- Call drops issue telco-specific, can not be generalised: COAI
- ONGC to borrow Rs 35,000 cr
- Govt may tweak tax slabs, bring standard deduction
- JLR ready to launch e-car in India this year
- Market experts slam Sebi plans to raise F&O lot size
- Two-year moratorium on tax on haircut, interest forgone likely
- Acharya bats for online platform to sell bad loans
Morning Business News :
- India’s GDP growth to slip below 7% this fiscal
- IBC’s objective not to emphasise on liquidation: NCLT
- RIL likely to see big cash flow boost: CLSA
- Parl panel suggests govt to form law on data privacy
- Insolvency professionals can’t outsource work: IBBI
- RBI puts Allahabad Bank under corrective action
- Defence deals worth Rs 2.40 lakh cr signed in 4 yrs
- Banks recapitalisation: Govt to infuse Rs 76 bn into six weak PSBs
- Sebi allows commodity bourses to raise transaction charges
- India cancels $500 mn defence deal, says Israeli arms firm Rafael
- SBI-led consortium to give Rs 150-bn loan to 350 km Purvanchal Expressway
- Future Group may buy Snapdeal’s logistics arm for Rs 500 mn: Sources
- Dominion Energy to buy Scana Corp in $7.9-bn deal
- Telecom policy draft eyes $100-b investment, sees India as global data hub
- TRAI invites inputs on new telecom policy
- NBCC bags contracts worth Rs. 315 cr
- At 10.3 mt, sugar output up 26% in Oct-Dec
- Rising costs, weak demand to hit profits of cement firms
- Coal India e-auction fetches 76% premium in Q3 FY18
- Fresh investments in India plunge to a 13-year low as stalled projects rise
- Crude at 31-month high, oil marketing companies likely to be under pressure
- Indian Bank revises interest rates for FCNR(B) deposits
- Telcos may post weak Q3 on cut in interconnect usage charges
- Arrow Electronics to buy Gujarat-based eInfochips
- Niti Aayog’s three-point formula for India to beat China’s economic growth
- India probes cheap synthetic rubber import from China
- Financial inclusion drive must target the poor: RBI Governor D Subbarao
- RBI may announce OMO purchase next week to cool yields
- Revised concession pact for PPP projects at ports gets cabinet nod
- Pak replaces dollar with yuan for bilateral trade with China
- Valuation concerns shroud proposed ONGC-HPCL merger
Morning Business News :
- Open to raising deposit insurance cap of Rs 1 L: FM
- Govt notifies 1 per cent GST for composition scheme
- No proposal of PSB merger under consideration: Govt
- Reliance Industries completes $16-billion expansion
- Bitcoin not a legal tender in India, says Arun Jaitley
- Rupee climbs to fresh 2.5-year high on sliding dollar
- Gold imports surge 67% in 2017 on restocking
- Parliament passes Insolvency & Bankruptcy Code Amendment Bill
- Ruias plan to pay interest, penalty of Rs 35 bn to retain Essar Steel
- RIL commissions world’s largest refinery off-gas cracker at Jamnagar
- Prinicipal Financial to buy PNB’s minority stakes in JVs
- Average aluminium prices to move up by $150 in 2018-19: Nalco CMD
- ONGC makes significant oil, gas discovery in Arabian Sea
- TRAI issues interconnectivity rules; fixes 30-day deadline for inking pacts
- Tata Power commissions 50-MW solar plant in Karnataka
- Political funding clean up: Electoral bonds scheme takes off
- Lemon Tree Hotels gets SEBI’s nod for IPO
- December PMI data signals revival in manufacturing, Indian economy
- Sebi plan on loan defaults runs into RBI hurdle
- RINL’s April-December turnover zooms to Rs11,405 crore
- Bharatmala project may not be a game changer for cement demand
- Sanjeev Gupta to acquire Glencore’s Tahmoor coal mine in Australia
- Production of horti crops to hit all-time high
- Parliament passes bill to raise Nabard’s capital to Rs 30,000 cr
- Clean energy crosses 62 GW mark; solar over 16W, wind 32.7GW
- Average traffic speed in top 7 cities drops by 3 kmph: Ola
- US may stop H-1B visa extensions, send 750,000 Indians back home
- Volkswagen India charts out growth path
- MTM losses may require govt to frontload capital in PSBs
- Banks to refer 25 accounts to NCLT
Morning Business News :
- FM Jaitley says India on road to fiscal consolidation
- Stake sale in tower cos can cut telecom sector debt
- Fuel demand jumps 6.2% in Nov as diesel use recovers
- Unitech moves SC against NCLT order on takeover
- Govt considering developing civilian aircraft: Official
- Essar Port to complete Rs 830 cr expansion at Vizag terminal
- Real Estate may see investment from financial institutions
- WhatsApp earnings leaks: Sebi summons officials of at least 12 companies
- Insolvency row: SBI moves NCLT against debt-ridden IVRCL as deadline looms
- Farm debt waivers not favoured by ex-RBI heads
- Non-declaration of Bitcoin gains could lead to a minimum of 20% tax
- China bank lending hits fresh record after strong credit surge in November
- IBC auctions: Stressed unlisted firms may get tax incentives
- Government will fully protect public deposits: Jaitley
- India Inc garners Rs. 50,855 cr via pvt placement of debt securities
- Investors face difficulty in linking Aadhaar with MF folios
- USFDA nod to arm bodes well from Alembic Pharma
- WTO ministerial begins with moderate hope of outcome
- Suzuki’s electric vehicle tie-ups aim to aid Maruti, without the risks
- Parliamentary panel split on Air India privatisation
- Asian Paints acquires remaining 49% stake in Sleek International
- SC to hear Centre’s appeal in Vodafone tax dispute case
- India’s economy expected to grow at 7.5% in 2018, says Nomura
- Retail inflation likely exceeded RBI’s 4% target in November
- Amazon seller base spikes 80 per cent in 2017
- Essar Vizag Terminal to be shut for a week
- Videocon loan default 5 times bigger than Vijay Mallya’s Kingfisher; 28 firms have 2 days to pay up
- Bond yields jump on fears of inflation spike, Fed rate hike
- November marks 217% rise in PE investments, $2.7b exits
- RBI net buys USD 852 mn of US currency in October
- Developers apprehensive over tax on unsold flats
- Govt in talks with Singapore for cruise connectivity: Gadkari
Morning Business News :
- High Court refuses to stay probe in RIL gas price issue
- Power Grid sees $25 bn bounty from Modi’s power plan
- Maruti may shift entire Swift production to Gujarat
- ArcelorMittal team visits Essar Steel, Bhushan Steel plants
- Tata Tele users to be moved to Airtel under ICR pact
- Centre to bring in ordinance for changes in banking insolvency law
- India adds 2,247 MW solar cap in Jul-Sep 2017: Report
- April-Oct trade deficit soars 60% to $88 billion: DBS report
- Trai seeks hike in spectrum cap from 25% to 35%
- Theresa May govt sets aside extra 3 billion pounds for Brexit
- Electric vehicle fleet can create $300 bn domestic battery mkt: Niti report
- UBI gets SEBI approval for Rs 1,000-cr equity issue via QIP
- Indian companies to see better credit profiles in 2018, says Moody’s
- Cabinet approves ordinance for making changes in insolvency code
- Cabinet clears wage policy for CPSEs, offers no budgetary support
- Power generators can pass on cost of retrofitting plants
- Govt sets up panel to review income tax laws
- Antidumping agency starts sunset review of duty on caustic soda
- Cabinet nod for setting up of 15th Finance Commission
- Govt mulling convening Winter Session of Parliament from 15 December
- BIS to frame hallmark standards for 24 carat gold jewellery
- SC bars Jaiprakash Associates directors, promoters from transferring personal assets
- Paytm acquires stake in online loans firm CreditMate
- COAI seeks more time for new SIM re-verification modes
- PE deals touch $8.7 bn, M&A activity hits $2.1 bn in September quarter, says report
- Japan’s JFE, India’s JSW to bid together for Bhushan Steel as it faces insolvency
- Spanish firm Eptisa Servicios de Ingenieria SL selected for Patna smart city project
- Adani close to secure Chinese loans for its Australia project, says report
- Britain hikes Brexit pot, slashes growth forecasts
- Coalscam: Docs supplied to Jindal and others, CBI tells court
- FMCG firms slash prices after govt fiat
- Global studios, broadcasters come shopping to India
- Eicher Trucks targets e-comm with new vehicles
- Papers given to Jindal and others, CBI tells court in coal scam
Morning Business News :
- Naik recalls takeover bids from Ambanis, Birla
- SBI to start using blockchain for smart contracts, KYC
- IRP nod must for recovering from defaulter’s a/c: NCLAT
- I-T slaps criminal charges under anti-black money Act
- China to join India’s International Solar Alliance
- Royal Enfield unveils Interceptor, Continental GT 650
- Wipro BPS unit hits 2020 target of $1 billion
- Toxic assets: Soon, ordinance to block defaulters from bidding
- Govt may grant infrastructure status to logistics sector
- India moves up one notch to 126 in per capita GDP terms, says IMF data
- Budget deficit may rise in FY18 but will improve in years ahead: Moody’s
- Govt seeks Rs 13,000-cr surplus from RBI
- Govt not to sell Cairn Energy shares to recover Rs 10,247-cr tax
- FPIs infuse over $2 bn in equity markets so far this month
- Plea against Govt’s stake sale in Dredging Corpn
- SAIL to diversify product range
- Domestic stainless steel production to touch 3.6 mt by year-end
- ‘Digital payments are making financial services more affordable’
- India’s global exchanges await the ‘GIFT’ of rupee futures trade
- Goldman Sachs sees four 2018 Fed rate hikes as US growth gains
- NSE SME to touch 100 mark, 50 IPOs likely in next 6 months
- Sebi chief says norms for IRPs soon
- Eris to buy Strides Shasun’s India branded business for Rs500 crore
- Telecom Commission to consider IMG recommendations next month for final nod
- ArthaKranti’s banking tax not singularly superior, says NIPFP report
- Black money: Swiss Parliamentary panel paves way for automatic information exchange with India
- India’s holdings of US government securities jump to $145 bn
- Automobile exporters under pressure as GST refund gets stuck
- Urban Ladder sets time line for profitability, IPO
- Real estate awaits return of FDI wave
- Discounts jump to 20% in commercial vehicles segment
- Canada protests India’s imposition of 50% levy on import of yellow peas
- Trai likely to back Reliance Jio’s cashback offers
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