Morning Business News Round Up_August 18,2017

Morning Business News :

  • Quarterly headline inflation in first half to be between 2-3.5%: RBI
  • Govt mulls FDI norms easing in print media, construction, retail
  • Doubling of minimum wages to hit exports, jobs: AEPC
  • NPPA may lose power to fix drug prices in new policy
  • Govt extends GST return filing deadline to Aug 28
  • GTC puts land parcel on the block for third time
  • Economists expect GVA to grow higher at 6.3-6.5% in Q1FY18
  • After shell firms, govt looks to weed out defunct LLP firms
  • Mutual funds pip FIIs in net investments
  • Moody’s upgrades Asia steel industry outlook to stable from negative
  • Tata Global to introduce ready-to-drink green tea
  • Grant Thornton: PE funding up 48% to $1.22 billion in July
  • India hopes to shoot up in World Bank’s ‘ease of doing business’ ranking
  • Draft pharma policy dilutes powers of pricing regulator
  • Infra fund to start lending soon, close to finalising investments
  • Srei Infrastructure arm to hit capital markets to raise Rs. 1,800-2,000 crore
  • 18 PSBs among top 20 banks with highest gross NPA ratios: CARE
  • Taking aim at China, India tightens power grid, telecom rules
  • SBI planning IPOs of two regional rural banks in the next one year
  • South-west monsoon deficit could worsen farm distress
  • Govt unwilling to let PSU banks skip bond payments, says Fitch
  • Infosys board to consider first-ever share buyback on 19 August
  • Airtel to hold shareholders, creditors meet in September on Telenor merger deal

Image result for Airtel

  • Two-thirds of power utilities bullish on digitisation: Survey
  • India sees over 15% growth in foreign tourist arrivals
  • DLF-GIC deal for 40 pct stake in DLF rental arm enters final lap
  • Crackdown on shell companies: Sebi to take stock next month
  • Incomplete drought recovery may be the new normal
  • Revenue dept’s probes source of data on black money: Jaitley
  • Insurance cos lead primary market offering

Morning Business News Round Up_August 17,2017

Morning Business News :

  • Tatas to scrap all ties with Mistry’s group, putting huge money at risk
  • Infosys board to consider share buyback on August 19
  • Cabinet approves CGST refund scheme
  • Cabinet clears India, Sweden MoU signing on IPR
  • Cairn moves court against capital gains tax order
  • Tata Motors now eyeing India’s EV market: Rajan
  • Wipro to manage Bangladesh telecom firm’s IT services
  • Trai proposes changes in MNP rules to curb request rejection
  • Cabinet approves new mechanism to quicken strategic disinvestment
  • Sebi eases rules for lenders buying stake in distressed companies
  • Govt forms panel to recast National Mineral Policy 2008
  • Centre extends anti-dumping duty on Chinese chemical import by 5 years
  • IDFC PE sells entire 24% stake in Seaways Shipping to promoters
  • Biocon withdraws applications to sell two cancer drugs in Europe
  • India-focused offshore funds, ETFs see inflow of $4.6 bn
  • Petronas keen to buy stake in IOC’s LNG terminal
  • Cabinet approves raising ₹9,020 cr for Long Term Irrigation Fund
  • NSE to introduce seamless corporate announcement filing mechanism

Image result for NSE

  • States take over Rs. 2.09 lakh cr DISCOM debt
  • Solar power sector may face capex pressure, robust capacity addition
  • Govt moves to disallow more of Reliance-BP-Niko’s KG-D6 cost
  • Aurobindo Pharma, Intas in race for Teva’s European assets
  • Banks pick old, smaller accounts to refer to NCLT
  • RBI to maintain ‘prolonged pause’ before next repo rate cut: HSBC
  • Thyssenkrupp says it has no timeline on Tata Steel joint venture deal
  • 42% Indians willing to pay premium for prompt customer service: Report
  • Farmers to get crop loans at subsidised 7 pct, Aadhaar link a must: RBI
  • Warren Buffett bids goodbye to General Electric; dumps all stake in the iconic company
  • Anti-dumping duty likely on a chemical from Canada, China, EU
  • Alibaba to help SMEs expand their business to global markets
  • Revenue dept’s probes source of data on black money: Jaitley
  • Sensex climbs 322 pts as geo-political tensions recede
  • Tata Power’s Q1 output recorded at 12.4 bn units

Morning Business News Round Up_August 16,2017

Morning Business News :

  • China’s debt is on a dangerous trajectory, warns IMF
  • Swiss party opposes black money pact with India
  • UK to seek ‘temporary customs union’ after Brexit
  • JioPhone to hit sector, erode revenues: Voda to DoT
  • Government slaps $264 million penalty on RIL, BP
  • Wilful defaulters owe Rs 92K cr to PSU banks
  • Corporate earnings hit fresh roadblocks in Q1
  • Debt assets swell 32% to Rs 11 lakh cr amid easing of rates
  • Google to pay Apple $3 bn to remain default search engine on iOS devices
  • State-run EESL to procure 10K electric cars for various ministries
  • PAN deactivation jolt for tax evaders in stock market
  • TVS Motor acquires 24% stake in online marketplace RentOnGo

Image result for RentOnGo

  • Gold imports jump over 2-fold to $12.35 bn in Apr-July
  • Tata Global Beverages to launch Himalayan mineral water in US
  • ONGC eyes doubling gas production in 5-6 years
  • Paper sector capacity expansion hit by pulp wood shortage
  • Insolvency resolution proceedings delay Lanco Infratech Q1 results
  • 18 lakh people, Rs. 1.75 lakh cr deposits under scrutiny: PM
  • IDBI Bank still a prisoner of bad loans as malaise deepens
  • Nearly 200 inactive LLPs face deregistration
  • NCLT admits Reliance Communications’s petition for Aircel merger
  • Sebi in talks with other regulators to streamline pricing of corporate bonds
  • Carmakers say policy U-turns putting India plans out of gear
  • India’s real GDP growth to average at 7.4% over 2017, 2018: Deutsche Bank
  • Investments key to ensure growth in the country: Subba Rao
  • Sick PSUs closure have gone very well: Arvind Panagariya
  • Trade deficit in India falls to $11.5 bn as exports rise 3.9 pct
  • Life insurers’ new biz premium up 47% to Rs 20,428-cr in July
  • Fuel demand up 1% in July to 15.8 mt
  • RIL, BP to submit revised plan for KG-D6 gas finds
  • Sebi steps up surveillance on money laundering activities

Morning Business News Round Up_August 08,2017

Morning Business News :

  • Airtel may sell 3.7% stake in Bharti Infra for Rs 2500 cr
  • Bankers review progress of 12 large NPA accounts
  • PSU banks write off Rs 2.49 lakh cr of loans in 5 yrs
  • Iron ore worth Rs 1,900 cr illegally extracted: CAG
  • Eros in talks with Apple to sell its content library
  • ONGC to pump $150 mn in Colombia, Kazakh & B’desh
  • Note ban, GST make a dent in smartphone shipments
  • Irdai directs LIC to reduce stakes in L&T, ITC to 15% by Dec 2018
  • Sebi mulls extending derivatives market timing
  • GIC Re files for IPO; might raise Rs 6,000 cr
  • Tata Steel swings back to profit in Q1 at Rs 921 cr
  • Zero tax certification for foreign remittances under I-T lens
  • Govt may impose anti-dumping duty of $452 a tonne on certain Chinese tyres
  • Idea-Vodafone deal gets conditional nod from SEBI, bourses

Image result for Idea-Vodafone deal gets conditional nod from SEBI, bourses

  • SUVs, luxury cars to cost more as GST cess hiked to 25%
  • Govt annuls fifth round of coal mines auction on tepid response
  • SAT puts off hearing on IRDAI-Sahara Life to August 10
  • IRDAI working with govt to create a simple platform for KYC
  • Vodafone-Idea merger gets conditional nod from Sebi, exchanges
  • July sovereign gold bonds to start trading from Tuesday
  • Global investors line up for stake in Bhushan Steel
  • Bank of India to raise up to Rs626 crore via STCI Finance stake sale
  • Reliance Jio’s plea on Airtel ads on internet speeds dismissed
  • GAIL seeks reworking of US LNG price deal
  • Exporters facing difficulties in GST transition period: EEPC
  • Air India disinvestment: Government to float request for proposal for merchant bankers
  • Securitisation market volume clips past $1.02 trillion in FY17
  • RBI appears more tolerant of currency strength
  • Trai plans to brush up Net speed testing methodologies
  • DeMo effect: ITR filings for 2016-17 grow 25% to 2.82 cr
  • Government asks Basmati exporters to conform to EU pesticide standards

Morning Business News Round Up_August 07,2017

Morning Business News :

  • GST rollout has been smooth: Arun Jaitley
  • Mukesh Ambani’s plan to make RIL most innovative co
  • Air India stake sale: Parl panel to hear govt views
  • Modi’s black money drive gets a big Swiss fillip
  • Eros, Apple explore mega $1-billion content sale
  • Srei Group likely to have sold stake in Viom for loss
  • Lenders meet today to review insolvency cases
  • MobiKwik eyes raising $100 million in funding this year

Image result for MobiKwik

  • Sebi plans to beef up cyber security, hire advisor to tackle tech glitches
  • CCL gets green nod for Rs 1,538-cr Konar mine expansion
  • UK ready to pay up to 40 bn euros to leave European Union: Report
  • UK-based Liberty House sends plan on ABG Shipyard to NCLT
  • India’s LNG shipbuilding plans run aground
  • Bank unions call for all-India strike on Aug 22
  • Regulations in auto sector still evolving in India, says McKinsey
  • Calls for rate reviews for 150 items with GST Council
  • TRAI, app firms to deliberate on speed testing methodologies
  • Nifty may double within 3-4 years: Mark Mobius
  • 12 PSU banks firming plans to raise funds from markets
  • Switzerland finds India’s data security laws adequate for auto-sharing bank info
  • NTPC seeks licence to set up charging stations for electric vehicles
  • ICEX likely to launch diamond futures trading by August-end
  • US municipal bond sales fall, on course for long-term supply drop
  • Consensus on SAIL, ArcelorMittal JV deal likely in 2 months: Niti Aayog
  • Hindustan Zinc to become fully underground mining company by FY19
  • SBI, ONGC, IOC part of new ETF
  • Govt to sell up to 25% stake in 4 defence PSUs via IPO

Morning Business News Round Up_August 04,2017

Morning Business News :

  • After Essar, banks now set eye on Videocon’s Rs 43k cr debt default
  • Bad loan: RBI to take up more cases, says Jaitley
  • Infy to buy customer experience studio for £7.5 mn
  • Lok Sabha passes 2 bills extending CGST, IGST to J&K
  • No NOC to old vehicles if states don’t comply: NGT
  • Oil majors gushing in cash despite cheap crude
  • Amazon, Grofers get govt nod for Rs 3,700 cr FDI in food retail
  • NSE meets shareholders, looks to list by March 2018
  • IOC Q1 net down 45% to Rs 4,549 cr, GRM more than halves to $4.32
  • Govt raises Rs 327 cr from Hindustan Copper share sale
  • Chocolate mithais to attract 5% GST, govt clarifies
  • Cochin Shipyard IPO subscribed 76 times

Image result for ipo oversubscribed

  • SEBI panel to study use of fintech solutions for securities market
  • Lok Sabha passes Bill to replace NPA Ordinance
  • Lupin gets USFDA nod for cholesterol-lowering drug
  • Businesses can start filing July returns on GSTN from Aug 5
  • Interest rates to gradually become reasonable: Jaitley
  • Banks may need 20% incremental provisioning for 50 large NPAs’
  • Oil companies hike fuel pump dealers’ commissions
  • SBI to mobilise Rs2,000 crore via Basel-III bonds
  • Cognizant profit rises 86% to $470 million, revises annual revenue guidance
  • Jio interconnection: Delhi HC seeks DoT view on Trai suggestion to penalise Idea Cellular
  • RCom-Aircel merger needs Supreme Court nod: Telecom dept
  • FDI in textiles doubled to $619 million in 2016-17
  • Kalyani Group opens missile making unit with Israel’s Rafael Advanced Defence System
  • Services sector contracts by most in 4 years on GST woes: PMI
  • Central bank flags poor transmission of past rate cuts through MCLRs
  • Indian Oil Corporation steps up crude oil import from US
  • Govt drafting central law to deal with chit fund schemes: FM
  • FM defends SBI decision to cut saving account interest rate
  • RBI to set up task force on public credit registry

Morning Business News Round Up_July 28,2017

Morning Business News :

  • Why expats in India and NRIs may end up in tax trouble without UID
  • National Company Law Tribunal approves Dish TV-Videocon D2h merger
  • GST weighs down on global FMCG cos’ performance, but most welcome move
  • Vedanta sees golden opportunity to buy Deccan Gold Mines
  • Government may prefer another airline as Air India buyer
  • Ruias strike complex royalty deal with new owners of Essar Oil
  • Advent International buys significant stake in Dixcy Textiles
  • Franchisees scale down operations amid competition from online rivals
  • ‘Running against time’ to close Aircel deal: Reliance Communications to NCLT
  • Anti-trust body raps Trai for stepping into its turf
  • FDI in food processing jumps 43% in FY17 to $727 million
  • No plans to make Aadhaar mandatory for air tickets: Government to MPs
  • Dr Reddy’s forms commercialisation pact with CHD Bioscience
  • Competition Commission cartier love bracelet of India raps telecom regulator for stepping into its turf
  • L&T Finance junks stake-sale plan for mutual fund arm, eyes IPO
  • Indian pharma gets US FDA booster dose
  • L&T results: Street to watch out for order inflows, likely impact of GST
  • GST, rising input costs hurt Maruti Q1 numbers
  • Stake sale by ONGC, govt key overhangs for IOC
  • PVR, Inox callingallcakes.org book profits in Q1 despite Bollywood duds
  • RJio impact: Idea posts third consecutive quarterly loss

Image result for RJio

  • Insolvency: NCLT reserves order against ABG Shipyard bracelet replica cartier filed by ICICI bank
  • Axis-FreeCharge deal to ignite hopes of turnaround: Snapdeal’s Kunal Bahl
  • Jindal Poly’s acquisition of ExxonMobil’s films division under cartier nail bracelet for men
    SEBI scanner
  • Mylan Pharmaceuticals launches hepatitis C drug
  • Turf war rages between CCI and TRAI over telecom tariffs
  • Aditya Birla Fashion Q1 net loss shrinks to Rs 20 cr
  • MRPL plans to set up desalination plant
  • Premier Solar sets up 200 MW solar module facility in Telangana
  • Jindal Poly’s acquisition of ExxonMobil’s films division under SEBI scanner
  • Maruti Suzuki: Good volume growth, margin pressures
  • Exide sees business getting charged with GST rollout
  • Abbott looks to set up a virus surveillance centre in India
  • NLC to acquire DVC’s Ragunathpur Thermal Power plant
  • ONGC says not liable to pay $1.57 billion dues to govt till litigation ends
  • Why Idea Cellular’s in-line Q1 results provide no succour
  • Exide looks to start making batteries for electric vehicles
  • Farmers await crop insurance payout, 55% claims pending
  • CCI to Trai: Consult us on predatory pricing issues
  • Telecom firms take merger route to counter Reliance Jio onslaught

Morning Business News Round Up_July 26,2017

Morning Business News :

  • Large state-run banks may be added to ETF bag
  • Sebi may ask cos to keep bourses in loop on defaults
  • 10 public sector banks have submitted turnaround plans
  • 133 cos owe over Rs 3,39,704 cr to exchequer: Jaitley
  • India ‘abusing’ trade remedy measures: China
  • Sahara chief asked to deposit Rs 1,500 cr by Sept 7
  • Niti Aayog cites ‘fragile finances’ for AI divestment
  • Airtel, Voda face bigger threat from Google, FB than Jio
  • LIC to offload excess stake in firms in 2 years
  • Tata Steel to consider take over cartier bracelets of firms at NCLT
  • Bharti Airtel Q1 net takes massive 75% hit on Jio impact
  • Bhushan Steel’s market share, big customers attractive bet for JSW Steel
  • Axis Bank cartier double bracelet
    June quarter net profit falls 16% to Rs 1,360 cr
  • Vodafone, Idea CEOs expect merger to be completed in 2018

Image result for • Vodafone, Idea CEOs expect merger

  • Sebi asks commodity bourses to identify ‘sensitive’ agricultural products
  • Power discom dues down by half since June last
  • Over 7 lakh new registrations under GST: Adhia
  • Vedanta Q1 consolidated profit more than doubles
  • US footwear major Skechers steps into apparel, accessories
  • Cochin Shipyard’s Rs. 1,470-cr IPO opens replica cartier on August 1
  • Unichem Labs gets USFDA nod for hypertension drug
  • RBI stops printing Rs 2000 notes, focus turns to new Rs 200 notes
  • Hero MotoCorp Q1 profit rises 3.5% on higher sales
  • Amtek Auto bankruptcy case admitted by NCLT Chandigarh bench
  • PSU banks plan capital raising amid NPA clean-up
  • HDFC Bank’s impeccable asset quality gets a farm loan waiver blow
  • RBI processing old notes to verify numerical accuracy, says Arun Jaitley
  • GlaxoSmithKline Q1 net profit dives 63 per cent to Rs 26 crore
  • GST reduced taxes for commodities consumed by weaker section
  • India will need $4.5 tn by 2040 for infrastructure: Report
  • Sensex hits fresh peak of 32,135.91; Nifty at 9,939.30
  • KKR to buy WebMD in $2.8 billion deal
  • Govt sets up expert panel to script cartier nail bracelet for men
    a turnaround story for Sail
  • Nifty gets a helping hand from key sectors
  • KKR to buy WebMD in $2.8 billion deal

Morning Business News Round Up_July 25,2017

Morning Business News :

  • ITC increases prices of cigarette by 4-8% as a result of higher tax
  • Amtek Auto says insolvency proceedings accepted by NCLT
  • Reckitt Benckiser CEO Rakesh Kapoor says GST spurring volatility
  • IL&FS’ PE arm to raise $1 bn infrastructure fund from pension funds in Japan, South Korea
  • Why rejig of financial year could upset your tax planning
  • Subrata Roy seeks time from Irda to turnaround Sahara Life Insurance
  • PwC cooked books, evaded tax and broke laws: Ex-CFO
  • Banks may cut UPI charges for merchants

Image result for UPI

  • Govt mulls LPG-like subsidy transfer for PDS foodgrain
  • Banks lost Rs 88,553/hour to cybercrime in last 3 yrs
  • Farm loans form 60 per cent of new NPAs: HDFC Bank
  • Goldman to ramp up campus hiring of engineers by 30 per cent
  • CCI gives unconditional nod to Vodafone-Idea merger
  • Fashion and lifestyle brands want their share of GST gains from dept chains
  • Bharti Airtel chairman Sunil Mittal urges Trai to veto ‘bill & keep,’ maintain IUC
  • Nitin Gadkari says driverless cars won’t be allowed in India, plans app to rival Ola, Uber
  • Mahindra & Mahindra evinces interest in Punjab, may invest in electric vehicles
  • Insolvency not the best solution to alleviate NPA pain: HDFC Bank’s Aditya Puri
  • mjunction to build platform for oil sector bidding
  • JSW Energy may call off buying Bina Power, puts Toshiba, JV in cold storage
  • GCPL eyes 10% share of professional hair care market in next two and a half years
  • FSSAI mulling pictorial warning on liquor bottles
  • Distribution companies want to rework pacts as solar tariffs hit new low
  • UPL explores bid for Platform Specialty agrochem unit: Sources
  • Roche, Emcure may end pact to make 2 blockbuster drugs
  • Lupin receives US FDA approval for anti-inflammatory topical solution
  • Strides Shasun gets USFDA nod for anti-allergy capsules
  • Zee Entertainment completes acquisition of India Webportal
  • Competition Commission of India clears Vodafone-Idea merger
  • Air India seats available for 144 flyers, but airline books 194
  • Govt panel for sops to ease financial stress in telecom sector
  • GST: Reduced rates yet to bring cheer to retail car sales
  • TCS’ iON takes digital learning marketplace abroad
  • HPCL to retain its brand identity post ONGC deal, says Pradhan
  • Small shareholders demand seat at Alembic board
  • ONGC, OIL push crude oil output up by 0.24%, natural gas by 4%
  • Moody’s downgrades IOB, Central Bank
  • EIL’s Rs 658.80-crore share buyback to open on July 25
  • With GST, supply chain can become more efficient’
  • Ashok Leyland wins Rs. 650-cr order from Karnataka RTC
  • With Ducati, Bajaj Auto will reaffirm global goal in bikes
  • Post-GST, hosiery majors gear up with higher ad spends
  • After KKR deal, Radiant eyes hospital buys worth ₹1,500 cr
  • ‘Ceramic tiles industry to witness nearly 9% demand growth this year’
  • Lupin gets USFDA nod to market solution for skin conditions
  • SIS India sets IPO band at Rs. 805-815

Image result for IPO

  • JioPhone may force Airtel, Vodafone, Idea to focus on bundled plans
  • IMF keeps India GDP growth forecast unchanged at 7.2% for 2017-18
  • Resolving Air India debt priority of aviation ministry
  • Wipro Ventures invests in venture capital fund Work-Bench
  • Do D-Mart results justify its stratospheric valuations?
  • ABB India: Many a slip between the cup and the lip
  • World oil demand could peak in 2024 on higher vehicle efficiency: Goldman Sachs report
  • Ashok Leyland: Weak sales, rising costs squeeze operating margin

Morning Business News Round Up_July 24,2017

Morning Business News :

  • Nirma eyes world’s 4th largest soda ash producer
  • NSE IFSC to launch F&O contracts in Apple, Alibaba
  • Saudi Arabia’s new trick is turning off the US oil tap
  • ONGC not to make open offer post HPCL acquisition
  • India launches R&D facility for high-end fuels, gas
  • MPC members to get Rs 1.5 lakh per meet
  • PEs build $4-billion war chest for bad assets
  • USFDA observations ‘unmistakably’ beneficial in long run: Dr Reddy’s
  • Banks to meet expert panel on farm loan waiver on July 25
  • India-Africa trade may touch $117 bn by 2020-21: Report
  • Ashok Leyland reaches highest market share ever in Q1 at 34.7%
  • RIL sees Reliance Retail, Jio as hyper growth platforms

Image result for Jio

  • EIL’s Rs 658.80-crore share buyback to open on July 25
  • TRAI to begin consultation on mobile apps seeking user data
  • Parliamentary finance panel chief Moily for change in fiscal to Jan—Dec
  • 26 CAs under lens amid shell cos crackdown
  • Undue profit of over Rs. 1 cr to come under GST authority’s lens
  • Wipro has invested heavily in data: CEO Neemuchwala
  • Launching Rs200 note will fill missing middle: SBI report
  • India likely to clock 7.5% growth this fiscal, says Arvind Panagariya
  • JSW Energy to focus on profitability, not costly acquisitions
  • Tata Sons will definitely prune the portfolio: chairman Natarajan Chandrasekaran
  • Canara Bank-led consortium seeks buyer for 270 MW power plant in Maharashtra
  • Mumbai, Kolkata, other major ports incur over Rs 53 cr loss: CAG
  • Despite 21% jump in NPAs in FY17, lenders lap up edu loans
  • Vijaya Bank Q1 net jumps over 57% to Rs 255 crore
  • Reliance Industries pays 6 % more to buy own gas
  • DeMo, GST to widen tax base, make cash dealing difficult: FM
  • Data protection integral to Right to Life: Centre to SC
  • China cashing out as mobile payments soar
  • I-T to sell 9.8% Cairn Energy stake in Indian subsidiary