Tag: morning news online

Morning Business News :

• IBBI amends norms, home buyers can now seek relief
• Working to make Air India profitable again: Govt
• India may not be affected by trade war: McKinsey head
• Public WiFi to contribute $20 bn to GDP by 2019: Study
• NCLT order on Tata-Mistry case on July 9
• Govt to extend RRBs’ recapitalisation scheme
• SC tells Jaiprakash Associates to deposit Rs 6 bn to refund home buyers
• Lenders may invoke guarantees of Shriram Transport Finance on SVL Ltd
• Essar Oil UK’s net profit dips 4.2% to Rs 10.37 billion in 2017-18
• Rs 3.8 trillion from 70 accounts need NCLT resolution by September: Report
• Rs 700-bn I-T refunds issued to taxpayers, 99% of claims processed: CBDT
• Yes Bank gets SEBI nod to launch MF business

• Cabinet hikes MSP for paddy by Rs 200 per quintal
• India plans to negotiate with US on oil imports from Iran
• Qatar fund buys Sahara-owned Plaza Hotel for $600 mn
• UAE-based Phygicart to enter India with ₹100-cr investment
• CCEA approves ₹1-lakh cr for research in higher education
• RBI grants licence to Bank of China to set up branch in India
• Airtel aims to morph into a technology firm
• Vedanta weighs $7 billion merger with Anglo American South Africa
• Maruti Suzuki plans to hike Gujarat plant’s production by 7.5 lakh cars by 2020
• Accenture’s Q3 revenue rises 16%, profit beat estimates
• Vijaya Bank hikes lending rates by up to 50 bps
• CSCs to be engaged as Banking Correspondents under pact with HDFC Bank
• Cabinet gives nod to bill for setting up DNA banks to store profiles
• Total CSR spend may cross Rs 50,000 crore by March 2019, says report
• Salzer Electronics to acquire two overseas firms
• No impact on property prices post-tax reform

Morning Business News :

• SAC shows interest in bidding for Air India
• NBWs issued against Nirav Modi and Mehul Choksi
• CVC awaits vigilance report; calls PNB auditors
• India to flag steel duty hike issue at TPF meet with US
• To end bankruptcy proceedings, Binani to move country’s top court
• Flipkart-Amazon combine may face close scrutiny
• SBI, PNB put 15 NPAs worth Rs 1,063 crore for sale
• L&T to grab early spotlight at Defexpo with first private sector warship
• Govt borrowing likely to be lower in second half of FY19 than in the first
• DIPP to discuss FDI issues in tobacco sector with stakeholders on April 11
• FPIs stay bullish on India, invest over Rs 37 billion in debt markets
• Canara Bank to shut three branches in Leicester, Bahrain and Shanghai
• India, Nepal agree to expedite all connectivity projects
• Adani Ports inaugurates Dhamra Port 2nd phase expansion
• Bharat Biotech unveils new brand identity
• Eight of top 10 companies add Rs 86,000 cr in m-cap
• With UIDAI curbs on e-verification firms, fintech players turn to physical KYC
• Jyoti Structures resolution plan may get fresh lease of life
• Regulators may extend timings of currency derivatives trading
• ACME Solar to re-file documents for IPO

• VLCC to open 50 institutes in India, plans to go international
• NCLAT interim order clears RCom asset sales to Reliance Jio
• Avendus arm to lend to small and medium firms
• India, South Korea to ink pact for seafarers, boost bilateral ties: Nitin Gadkari
• CGST Mumbai zone mops up Rs 72,509-crore revenue till February
• Pakistan economy set to surpass last year’s decade-high growth: SBP
• Tata Chemicals all set to acquire Allied Silica Ltd for Rs 123 crore
• Monsoon data to affect agri prices in coming months
• Downstream PSUs to report subdued numbers
• Cabinet note on new MSP policy soon
• Lower bond yields and big spends may prod govt to up H1 borrowings
• Two-wheeler loans grow 32% in 2017; Gujarat has highest NPAs

Morning Business News :

• World Bank projects India’s FY19 GDP growth at 7.3%
• SBI may challenge order against taking over assets
• Currency in circulation back to pre-demonetisation level
• LTCG relief for investors of unlisted cos as govt extends indexation benefit
• Indian realty sector market to reach $180 billion
• Saudi turns to nuclear power to curb oil addiction
• Decoding Videocon’s move on Philips, Electrolux
• PNB fraud: RBI guv Urjit Patel blames regulatory constraints for scam
• WB to raise lending to India by $1 bn for next five years
• Strides Shasun gets US FDA approval for HIV treatment drug Efavirenz
• Torrent may raise Rs 15 bn via QIP as it readies to bid for Sanofi assets
• Revise GST, impose anti-dumping duty to boost textile sector: Parl panel
• Bandhan Bank aims to keep gross NPA below 1%

• Cabinet approves India, Iran double taxation pact
• Wholesale price inflation eases to 2.48% in Feb
• Ban on LoUs to have disruptive impact: India Inc
• Suzlon installs India’s largest wind turbine generator
• Calderys India Refractories eyeing 25% capacity expansion
• L&T wins contracts worth₹1,600 crore
• BoI hits pay dirt on recoveries, helps lift sentiment for public sector peers
• Yes Bank acquires 17.31% stake in Fortis Healthcare
• Bharat Dynamics IPO sees 46% subscription on Day 2
• UltraTech Cement hikes bid for Binani Cement to $1 billion
• PNB fraud: ED seeks Interpol warrant against Nirav Modi, Mehul Choksi
• Sensex, Nifty end in red as blue-chip shares plunge, PSU banks rise up to 14%; OMCs tumble
• Bharti Airtel approves allotment of debentures to raise Rs 3,000 cr
• 67% Indian businesses hit by ransomware, 38% twice: Sophos
• Aviation ministry eyes 5-fold rise in passenger trips to 1 bn in 15-20 years: Jayant Sinha
• Clean-up act: Banks may give PNB short-term loans
• Wipro to divest hosted data centre services biz to Ensono for $405m
• RBI Guv calls for more powers to regulate state-owned lenders

Morning Business News :

• RBI scraps LoUs, the tool that set off India’s biggest banking scam
• Raghuram Rajan defends 80:20 gold scheme
• Tata Sons sells shares worth nearly Rs 9,000 cr in TCS
• Bhushan Steel’s insolvency resolution put on hold
• SBI closes 41L SB accounts for not keeping min balance
• Nirav case: Total fraud amount rises to Rs 13,600 cr
• Showcause notices issued to telcos on call drops: TRAI
• SC extends deadline for linking Aadhaar to phones, bank accounts

• States issued Rs 283.98 bn as GST compensation till Dec: Arun Jaitley
• PNB discloses Rs 9.42 bn additional exposure in Nirav Modi, Choksi fraud
• Govt to sell 10% stake in HAL through Rs 42.30 billion IPO
• BPCL to participate in insolvency process for Nagarjuna Oil corp
• Banks agree to govt terms for Rs 800-billion recapitalisation bonds
• MCX set to launch world’s first brass futures contract
• Near-term correction likely in NCDEX refined soya oil
• July-Dec 2017 saw surge in MSMEs seeking credit for first time
• Suzlon installs India’s largest wind turbine generator
• Zydus Cadila gets USFDA nod for Tizanidine tablets
• HDFC to pare over 4% stake in AMC arm through IPO
• Gail India buys 2 LNG cargoes for April delivery-traders
• HDFC Bank blocks all its cards to buy, trade cryptocurrencies
• RCom says to appeal NCLT order against Reliance Infratel asset sale
• Bharat Dynamics IPO sees 32% subscription on Day 1
• Over 9,000 cases under consideration of NCLT, including over 2500 cases of insolvency, says government
• India to become collateral damage in Trump’s trade war on steel, aluminium
• IBC: Government says no reduction in resolution plan submissions post Ordinance
• China accounts for 66 pct of India’s bulk drug imports in FY’17
• Karnataka allots 43 acres to Wistron for Apple’s iPhone unit
• SBI retains minimum balance limit, but cuts penalty charges by 75%
• Eicher ends Polaris JV, Multix dumped
• Suzlon to set up 36 wind units for Maharashtra utility
• Small cars have higher insurance loss ratio than SUVs

Morning Business News :

• US, China keen to join International Solar Alliance
• Jet Airways, Air France, others to bid for Air India
• Disney’s ‘Black Panther’ reaches $1 billion globally
• India should drag US in WTO over tariff hike: Experts
• Govt to get around Rs 8,044 cr dividend from Coal India
• SBI tightens noose around borrowers in jewellery sector
• PFC’s power projects with 14,000 Mw capacity to go down insolvency alley
• SBI, UCO Bank looking for buyers to clear off Rs 12.45-billion NPAs
• PM Modi calls for concessional, less-risky financing for solar projects
• ‘Powerful’ UP govt is top defaulter with Rs 100-bn power dues
• Need $1 trn to achieve 1 TW solar power capacity by 2030: Emmanuel Macron
• Govt to invest Rs 50 bn in Food Corporation of India in 2 years: Parl panel
• India on its way recovering from demonetisation disruptions: IMF
• GST Council meet: E-way bill from April, easier returns delayed

• India can stand tall in a trade war: Anand Mahindra
• NTPC to acquire Kanti, Nabinagar JV plants for Rs 3,000 cr
• As Chinese imports decline, domestic refractory makers eye larger market
• Women make up just 22% of S&P 500 boards: Report
• Neuberg Diagnostics to invest ₹300 cr for expansion
• Manufacturing outlook positive for January-March quarter: Ficci
• EON to acquire RWE’s Innogy, upending German energy industry
• India, China key engines of global economic growth: IMF’s Tao Zhang
• CCI clears RCom’s plans to sell infra assets to Reliance Jio
• India, China important engines of regional and global economic growth: IMF
• European Union says no ‘immediate’ clarity from US on trade tariffs
• Coca-Cola plans to localise two-third of its products portfolio in India
• High production to keep prices under pressure
• Rural, infra spaces may see momentum in next few quarters
• Oil, fund flows, GST glitches key risks in 2018: Crisil
• Inefficiencies in logistics cost India $95 billion
• PMO calls officials’ meet on exporters’ GST refunds

Morning Business News :

• Indian economy will have V-shaped recovery: Garg
• PNB may be given 1 year to provision against fraud
• India Inc has Rs 2L cr cash trapped in balance sheets
• Government eases norms for e-way bill generation
• NCLT ​accepts Aircel’s bankruptcy petition
• Adani, Essar, Jaypee power plants in stressed list
• Japan to recruit 2 lakh Indian IT professionals
• Corp resolution: L&T moves NCLT against Bhushan Steel
• India set to achieve 20 GW solar energy capacities this fiscal itself: Govt
• Direct tax collection rises 19.5% in the April-Feb period to Rs 7.44 trn
• Adani rethinks Abbot Point options as debt refinancing stalls in Australia
• Airbus signs contracts with two Indian startups

• Railways aim to save Rs 100 billion a year with reverse auction bidding
• Airtel-Telenor merger approved by NCLT; Airtel to get ops in 7 circles
• UAE free trade zone woos Indian companies
• Choksi blames investigative agencies for flouting law
• BASF SE in talks to acquire Bayer’s vegetable seed biz
• Without US, 11 Asia-Pacific states to sign trade deal
• Apollo Tyres opens an all-women rubber sheet making unit
• KEC International wins Rs 1,378-cr job orders
• Bitcoin under pressure as US, Japan revive regulation concern
• Japan eyes India to fill manpower gap in its information technology sector
• Azim Premji quietly gives away more to charity
• Sugar mills hit as excess output trips supply balance
• Corruption common in public sector banks but trust intact, says survey
• Parliamentary panel, SBI flag concern over stressed power companies
• Equity MF inflows intact despite sharp market fall
• Positive momentum in sales adds more teeth to auto sector
• ED confident of Nirav’s deportation to India
• L&T Infotech to help America’s vintage churches from decaying

Morning Business News :

• NCAER pegs India’s 2018-19 economic growth at 7.5%
• CBI seeks details of nostro transactions from 5 banks
• DGS seeks HUL response on GST calculation method
• WhatsApp leaks: HDFC Bank submits report to Sebi
• Bhushan Steel bid: Liberty makes case before NCLT
• Services, industrials to lift Q3 GVA print to 6.8%
• UPI-based system mulled for retail investors in IPOs
• Rs 11 trillion priority sector lending target achievable: FM
• SBI Chairman expects PNB to clear Rs 13 bn dues
• RInfra wins Rs 2.92 bn arbitration with Goa govt over non-payment of dues
• RIL-BP’s $4 bn plan for developing 3 sets of discoveries in KG-D6 approved
• Weinstein studio to file for bankruptcy as investors stop funding
• ACC shelves plans to merge with Ambuja Cement
• KYC norms for e-wallets made mandatory from March 1

• Technology, better supervision needed to tackle banking malpractices: CII
• Aircel’s woes rise as majority shareholder Maxis decides not to infuse more funds
• Daiichi-Ranbaxy row: HC orders attachment of Singh brothers’ assets
• PFC to lend Rs 50,200 cr for UP power projects
• Indian equities no longer top pick among emerging markets
• Trai begins consultation to fix service quality norms for LTE calls
• Anadarko in talks with nine Indian firms to sell gas from Rovuma basin
• Idea-Vodafone building war chest to take on rivals
• Kalyan Jewellers looks to file IPO papers in a month
• BSNL selects Nokia to launch 4G service in 10 circles
• HG Infra IPO 11% subscription on Day 1
• 70% IGST refund stuck due to flawed claims filed by exporters: CBEC
• Vodafone group CEO Vittario Colao terms Trai predatory pricing rule as unfair
• Govt publishes names of 9,500 high risk non-banking financial companies
• Grundfos bets big on e-pumps; eyes Rs 1,000 cr turnover from India in 4 years
• RBI raises currency derivative trade limit to USD 100 mn
• Hindustan Zinc invests Rs 600 cr in 2 new mills
• Bank NPAs to rise with new resolution rules
• Warburg Pincus to sell part stake in Lemon Tree Hotels via IPO
• Auction by Andhra Bank exposes chinks in banking

Morning Business News :

• PNB-wary banks now plan to get solid cover for lone wolf attacks
• Sebi, bourses probe stock manipulation at PSBs
• PNB: ED to seek info from over dozen countries on Nirav
• AP signs MoUs of Rs 1.75L cr, RIL to invest Rs 55K cr
• COAI says no question of apology to Reliance Jio
• Taxmen told to go the whole hog for record Rs 10 lakh crore kitty
• India will soon leapfrog to cutting-edge rail technology’
• Dr Reddy’s gets EIR, says USFDA maintained OAI status for Srikakulam plant
• JSW Steel close to acquire Italian firm Aferpi for Rs 6 billion:
• Essar Shipping plans to double cargo tonnage to 30 MT by 2019-20: CEO
• Catholic Syrian Bank to increase equity to allow Fairfax on board
• PNB scam, possible Fed rate hike spur Rs 100 bn FPI sell-off in Feb
• MSE gets Sebi nod for electronic book building mechanism for online bidding

• Jaitley slams regulators’ failure to detect PNB fraud
• One-page return, staggered filing likely for GST
• Multinational accounting firms face the heat
• Bhushan Power bid: NCLT to hear Liberty House plea on Monday
• Pharma industry told to make use of changing demographics
• Turkish ground handling co Celebi plans to invest in India
• ONGC Videsh drops plan to build LNG export facility in Iran
• Hindustan Zinc to commission 2 new mills at Rs600 cr cost
• Grasim Industries gets green nod for Rs1,800 crore expansion project
• SBI set for UK restructuring
• Europe to shut ABLV Bank at center of a scandal roiling Latvia
• India may allow only commercial coal mining in the future
• 70% IGST refund stuck due to flawed claims filed by exporters: CBEC
• Focus on investment, productivity to lead to sustainable growth rate: Report
• Huawei unveils world’s first 5G commercial modem
• Tech Mahindra bets big on 5G services, sets up lab in Bengaluru
• Wealth of Indian rich equals15% of GDP, poor getting poorer
• Sebi, SEs look for manipulation in bank derivatives
• FPIs pull out Rs 10,000 cr from equity market this month
• CBI files Rs 97 cr loan default case against Simbhaoli Sugars; chairman, Dy MD
• FinMin, RBI to hold talks on raising FII limit in G-Secs

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