Morning Business News Round Up_ Dec 21, 2018

  • Farmers get $9bn loan relief ahead of elections
  • Bank credit grows by 15.07%, deposits by 9.66%
  • PSBs recover $8.69 bn of bad loans in April-Sept
  • RBI limits total outstanding ECBs to 6.5% of GDP
  • IL&FS to sell stake in education, wealth mgmt arms
  • Govt to put draft ecomm policy up for consultation
  • PowerGrid gets shareholders’ nod to raise FPI shareholding limit to 35%
  • ONGC board approves Rs 40 billion buyback at Rs 159 apiece; shares end flat
  • Govt wants Rs 100 bn interim dividend from RBI for fiscal deficit target
  • Defaults on credit cards, loan against properties on the rise, says CIBIL
  • Sterlite likely to restart Tamil Nadu’s Thoothukudi unit in two months
  • NITI Aayog’s recommendation on agri sector tough to implement: Experts
  • NCLAT reserves order on Bhushan Power and Steel
  • ‘RBI must release a vision document for UCBs to thrive’
  • CBDT to tighten monitoring of donations to trusts
  • Steel companies staying off Karnataka’s ‘overpriced’ ore
  • Gold, jewellery exports to post up to 5% growth this year
  • Govt announces tax relief to startups
  • Airtel sets up special panel to explore fundraising options
  • RCom urges DoT to grant approval for spectrum deal
  • Swiggy raises $1 billion in largest funding round till date
  • Canara Bank to raise up to ₹3,000 crore via Basel-III compliant bonds
  • RBI Governor Shaktikanta Das to meet private sector lenders next week
  • Bank of India eyes Rs 1200-cr from exiting life insurance arm Star Union
  • India’s crude steel output falls by 1.3 pct in November
  • Government taking steps to implement methanol economy
  • Tata Motors, Zoomcar join hands for self-drive EV rentals in Pune
  • Rupee rallies 69 paise, settles below 70-mark
  • BSNL to raise Rs 12,000 crore from PSBs for network upkeep
  • Brokers question 100% penalty on ‘bogus’ dealings
  • Energy subsidies decline by 36% to Rs 1.51 lakh crore
  • 3 banks’ merger unlikely before 1st quarter of FY20