Morning Business News Round Up_Jan 4, 2018

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

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  • 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 Round Up_Jan 3, 2018

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

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  • 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 Round Up_Dec 12, 2017

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

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  • 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 Round Up_Nov 23rd,2017

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

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  • 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 Round Up_Nov 20,2017

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

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  • 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

Morning Business News Round Up_Nov 16,2017

Morning Business News :

  • Airtel stake sale in Infratel credit positive: Moody’s
  • Sebi attaches Mallya co’s a/cs, MF units, securities
  • Ensure GST cuts passed on to consumers: Centre
  • Demand for quality goods/services up in rural India: SBI
  • Sebi likely to cut listing time to three days from six

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  • Digital world to create new, highly skilled jobs: Kant
  • Apple gives limited option to Trai for building DND app
  • 100 Indian firms have invested $17.9 bn in US
  • Non-farm activities contribute two-third income in rural areas: Paper
  • Steel Ministry urges FinMin to remove import duty on stainless steel scrap
  • Rupee surges 21 paise to end at 65.21 on falling crude prices
  • Airbus inks $50-bn deal to sell 430 planes to US firm Indigo Partners
  • HMT swings into black, logs Rs. 59 lakh profit in Q2
  • GSTN utility for exporters to claim refunds gets activated
  • Infibeam gets RBI nod, eyes B2B payment platform, GeM for big bucks
  • Crisil to acquire data analytics firm Pragmatix for ₹56 crore
  • NCLAT issues notice to RCom over Manipal Technologies ‘dues’
  • Sebi allows multilateral entities to issue securities in IFSC
  • Delhi to get BS-VI fuel two years early to tackle pollution
  • ONGC Videsh’s Q2 profit rises 15% to Rs280 crore on higher production
  • Value of India M&A deals in 2017 seen at $46.5 bn, $52.8 bn in 2019
  • Godrej Industries’s Q2 profit rises 53% to Rs95 crore
  • Airbus seals $50 billion jet deal to outdo Boeing in Dubai
  • Government wants new MRP on 200 goods amid GST change
  • Arun Jaitley on Singapore visit to attract investments
  • Efforts of Railways, CIL bring record growth in coal offtake
  • Finance Ministry asks PSBs to submit fund-raising roadmap in a month
  • PM asks Niti to study pulses, oilseeds for self-sufficiency
  • Tractor firms eye 15.5% sales growth
  • FMCG cos gear up to pass on tax reduction benefit to consumers
  • Advanced analytical tools help identify 3.71L undisclosed A/Cs
  • TCS bags 5-yr digital contract from Rolls

Morning Business News Round Up_Nov 10,2017

Morning Business News :

  • PE and VC investments continue to touch record highs, crossing $21.8 billion in 2017
  • DBT helps states save Rs 1,557 crore till November 2017
  • JSPL Q2 loss narrows down to Rs 499 crore
  • NHAI may float 10-year bonds, may raise Rs 10,000 crore
  • Airbus nears deal to sell 30+ A380s to Emirates
  • NCLT seeks details of Reliance Communications dues to Ericsson
  • Reliance Industries may buy unit of bankruptcy-hit Alok
  • NPS equity cap for govt staff may be raised to 50%
  • India Inc’s credit ratio hits 5-year low of 0.97 in first half of FY18
  • Tata Motors Q2 net profit jumps three-fold to Rs 2,500 crore on JLR sales
  • SAIL Q2 net loss narrows to Rs 539 crore on higher sales
  • AAI to spend Rs 20,000 cr in 5 yrs to upgrade, build airports
  • Adding to the cart: Flipkart to launch Billion, its own smartphone
  • Google, Just Dial in deal talks

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  • HPCL net profit more than doubles to Rs 1,735 crore
  • Provide doorstep banking to those above 70 by December 31, says RBI
  • Magma Fincorp approves scheme of merger with Magma ITL Fin
  • Railways target completing Bullet Train project by August 2022
  • India’s Q3 gold demand drops 24% to 145.9 tonnes, says WGC
  • NCLT orders insolvency process against regional airline Air Carnival
  • GST bonanza for firms, consumers on the anvil
  • Omkar Realtors raises Rs125 crore from KKR
  • Nasa contracts Uber to build flying taxi air control software
  • Zydus Cadila, Intas under scanner for launching hypertension drug without permit
  • Petronet Q2 profit rises 28% at Rs589 crore
  • Dr Lal PathLabs Q2 profit dips 4% to Rs50.9 crore
  • Coffee Day Q2 profit jumps three-fold due to an exceptional gain
  • Britain, wooing Saudi Aramco IPO, offers $2 billion loan guarantee

Morning Business News Round Up_Nov 08,2017

Morning Business News :

  • Trai plans to remove 50% limit on spectrum holdings
  • Govt plans phase-2 of digital payment push from Jan
  • Paradise Papers cases will be on individual merit: FM
  • ‘Saudi banks freeze more than 1,200 a/cs in probe’
  • Qatar fund to sell 5% stake in Airtel via block deal
  • Hindustan Copper preparing tender for MDO to developing Singhbhum mines
  • Infosys to open innovation hubs in the US: Nilekani
  • Government plans new telecom policy by February 2018
  • Lupin gets USFDA warning for Goa & Pithampur plants, stock tanks 15%
  • Crude oil up to $65 a barrel not a worry
  • Bajaj Auto eyes 23% market share by end of FY18
  • RCom in talks with parties to renegotiate tower business sales
  • Top trade union demands guarantees in Thyssenkrupp-Tata steel JV
  • $10-billion fighter deal hits tech-transfer air pocket
  • GSK Consumer Q2 profit up marginally at Rs. 192 cr
  • PE, VC investments hit new high of $21.8 bn
  • Crash in pharma stocks triggers panic across market
  • Aditya Birla Capital net rises 68% on NBFC business
  • I-T to issue 1 lakh notices for huge deposits post demonetisation
  • Sensex tanks 360 points as oil prices rally stokes inflation fears
  • Merger of MMTC, STC on the cards

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  • HDFC Standard Life IPO subscribed 46% on Day 1 on institutional demand
  • Arun Jaitley hints at pruning more items in 28% GST slab
  • Cipla Q2 profit rises 19% to Rs423 crore
  • Bhel Q2 profit rises 6% to Rs115 crore, misses estimates
  • India home to 2,19,000 millionaires: Capgemini report
  • Number of small denomination notes rises from 14% to 26% post demonetisation
  • Wheat sowing in full swing, says ICAR official
  • April- October direct tax collections rise 15.2% to Rs 4.39 lakh crore: CBDT
  • India begins anti-dumping probe into cheap paper imports
  • NMDC plans to bid for $9b diamond mine in MP
  • Note ban, GST impact behind us, growth in sight: FM
  • VRS, renting out property mulled for MTNL revival
  • PSUs nudged to set up SPVs for greenfield units

Morning Business News Round Up_Nov 07,2017

Morning Business News :

  • Aircel may have to wind up ops post failed RCom deal
  • Niti Aayog banks on states to push India up in HDI
  • Steel deficit causes clash over Rlys demand for imports
  • Hasmukh Adhia designated as new Finance Secretary
  • Broadcom offers to buy mobile chipmaker Qualcomm
  • HDFC Bank makes RTGS, NEFT transactions free
  • PNB to raise Rs 5,000 cr; appoints merchant bankers
  • Sebi plans further rise in public float
  • CBDT chief-led multi-agency panel to probe those named in Paradise Papers
  • PE firm Everstone Group to acquire Kenstar from debt-ridden Videocon
  • Torrent’s Unichem deal to add to its earnings after 3 years
  • India’s logistics sector likely to grow by 9-10% pa: Icra
  • Oil hits $63 a bbl, highest since 2015 on output tightening by Saudi Arabia
  • Moody’s ups Tata Steel, Tata Steel UK Holdings outlook to stable
  • SGX will launch derivative trading in Nifty 50 companies
  • Rupee drops by 19 paise to 64.74 on FII outflows
  • Recap plan for PSBs is a positive for banking system, economy: SBI chief
  • RCom signs MoU with Veecon Media for sale of Big TV
  • Tata Steel sets up green coke cooling facility in Odisha
  • Tata Chemicals to sell Haldia fertilizer plant to Indorama Holdings for Rs375 crore
  • Unichem to return 50% of proceeds from Torrent deal to shareholders
  • Khadim India IPO subscribed 1.88 times on last day

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  • Bain, Carlyle in race to buy Sutures India for $425 million
  • Demonetisation: Over 20,000 ITRs picked for detailed investigation
  • Lenders to RCOM face uphill struggle after debt swap
  • Government may review monthly GST return filing process
  • Qatar Airways buys 9.6% stake in Cathay Pacific
  • SC organisation writes to PM Narendra Modi seeking higher tax slab
  • Arrange Rs 2,000 crore before next hearing, SC tells Jaypee Associates
  • Indian Oil Company blamed for Sri Lanka fuel shortage
  • Investor rush gathers steam for PSU stocks
  • Cash comes at a cost, nation moving towards digital economy: FM
  • CIL arm examining show cause notices issued by Odisha govt
  • L&T, HCC blame NHAI for delay in road building
  • HDFC MF to launch Housing Opportunities Fund on Nov 16

Morning Business News Round Up_Oct 24,2017

Morning Business News :

  • RCom-Sistema Shyam merger gets DoT approval
  • UK fines Merrill Lynch £34.5 mn for unreported deals
  • SC orders refund of principal to Supertech home buyers
  • K’taka bans pillion on 2 wheelers below 100 cc capacity
  • JioPhone reportedly explodes; Co says it’s sabotage
  • Reliance MF IPO sees big anchor investors demand
  • MNCs lobby against price cuts of stents & knee ebay hermes h bracelet unboxing nerf
    implants
  • Coal ministry rejects Nalco’s claim of fuel supply shortage
  • Weak steel market to delay Mesco-Posco Finex deal
  • Reliance Industries’ m-cap gets nearer to Rs 6 lakh cr
  • Real estate companies are now relying on Rera to woo buyers
  • ‘Govt plan may bring non-essential drugs under price control’
  • Exporters can claim refund this week for GST paid in Aug, Sept
  • Kharif crops in good condition; not hit by rains: Pattanayak
  • World energy bodies caution India on wind projects
  • Solar costs to fall further, powering global demand: Irena
  • Lenders to exit IVRCL debt restructure mechanism
  • Govt’s rice procurement rises marginally to 69.89 LT so far
  • US delegation visits UP to assess investment potential
  • Bharat-22 ETF likely to be launched in November
  • India Post Payments Bank appoints Vodafone hermes h belt M-Pesa’s Suresh Sethi as MD, CEO
  • IEX shares close 1.43% lower hermes h bracelet on stock market debut
  • Rel Jio’s tariff hike suggests worst may be over for telcos

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  • Havells India Q2 profit at Rs171 crore
  • Indiabulls Housing Finance Q2 net rises 24% to Rs852 cr
  • Fiscal deficit of 3.2% seems not difficult in FY18, says report
  • 331 infra projects see cost overrun of Rs 1.72 lakh cr
  • Government will achieve fiscal deficit and disinvestment targets in FY18: SBI report
  • Air India eyes sale of scrapped engine parts
  • BHEL starts execution of Rs 20,400 crore Yadadri thermal power plant in Telangana
  • Non-life insurance industry is poised for great growth
  • Hindustan Zinc Q2 net profit rises 34% on metal rally
  • Solar panel birkin bag hermes costs to fall by 60% in 10 years
  • Sebi disposes of proceedings against NDTV promoters
  • Unitech’s Sanjay Chandra asked to deposit Rs 1,000 cr