Tag: morning news online

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

• 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 :

• 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

• 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 :

• 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

• 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 :

• 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

• 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 :

• 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

• 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 :

• 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

• 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

• 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 :

• 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

• 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

Morning Business News :

• Power plants without registration no. can’t sell to grid’
• RIL picks up 25% in Balaji Telefilms for Rs 413 cr
• Reliance Jio launches Rs 20,000 crore rights issue
• Close to finalising a promising alliance: Bajaj Auto
• NSE files application with Sebi on co-location issue
• Cement demand growth likely to recover by 5%
• PwC to acquire M&A tax team of BMR Advisors
• RIL Q1 profit up 8.6% at Rs 8,196 cr; GRM at $11.9 per bbl
• Volumes challenging in India due to GST, says Unilever
• Videocon Telecom forays into eKYC business, eyes Rs 100 crore in 2 years
• Sebi might cut listing time to 3 days from IPO, against 6 days at present

• European Central Bank keeps easy money stance despite better growth
• ONGC board yet to decide how to fund HPCL stake buy
• ADB sees improved growth prospects for Developing Asia
• Justdial board to take up share buyback next week
• Royal Enfield to boost motorcycle capacity to 8.25 lakh units
• Eros Worldwide sells 3.61% stake in Eros International
• Rakesh Jhunjhunwala buys 1.3% stake in Jubilant Life Sci.
• Sugar rules flat on routine demand and supply
• LIC may hike stock market investments to Rs4 tr in 2017-18
• ABG Shipyard agrees to insolvency proceedings
• JSW Group keen on acquiring troubled steel firms: P Jindal
• Tata sounds out government on Air India disinvestment
• Arun Jaitley to launch pension scheme with 8% fixed rate
• RBL Bank Q1 net rises 45% to Rs141cr on interest income
• IMF urges Mozambique to address debt audit concerns
• Coal bearing states get Rs 3,653 crores from mines allocation
• Rajya Sabha MPs concerned over anti-GST protests by textile industry
• Trai in undue haste to decide on IUC: COAI
• Airtel, Vodafone say rural telecom to suffer at nil IUC, Jio differs
• Bajaj-KTM finalising deal to buy out Ducati
• Govt to launch pension plan with 8% fixed rate
• Wipro announces Rs 11,000-crore share buyback
• Metals shine on rising Chinese demand

Morning Business News :

• Govt’s $3 billion demand premature: RIL, Shell
• World Bank to draw up plan for Rlys’ Rs 5L cr makeover
• DoT creates investment facilitation centre
• Cigarette industry body wants roll back of tax hike
• GEA to build Asia’s largest milk production facility in India
• CCI approves SoftBank’s 20% stake buy in One97
• Jet in expansion mode; adds 96 new weekly flights
• ONGC-HPCL merger on Cabinet agenda today
• I-T dept seeks data of property deals worth Rs 1 cr or more
• Hindustan Unilever quarterly profit rises 9% to Rs 1,283 cr
• GST to benefit auto, retail, cement sectors, bad for oil and gas: Fitch
• LIC reduces 2.14% stake in Tata Global Beverages, sells 1.35 crore shares
• Monnet Ispat declared insolvent despite JSW offer
• CAD to widen to 1.3% of GDP in 2017: Nomura
• Jaitley rules out removal of GST levy on fabrics
• Foreign funds buy 4.5% stake in Reliance MF for $100 mn
• Wind industry getting into a ‘distress situation’
• BSE to shift 28 stocks; NSE 12 scrips to restricted group

• ICRA launches new rating system for infrastructure projects
• Ultratech Q1 net profit rises 14.9% to Rs890 crore
• Daimler to recall 3 million diesel cars on emissions concern
• Sebi asks banks to disclose bad loan divergence to stock exchanges
• SC allows government to replace MCI oversight committee
• Essel Finance to acquire Rs272 crore loan portfolio of Motilal Oswal-backed Intec Capital
• ITC felled by govt’s capricious turn on GST
• IT Appellate Tribunal upholds tax demand raised on NDTV
• India’s digital economy to be $1 trillion in 5-7 years: Ravi Shankar Prasad
• Fake currency of Rs 11.23 crores face value detected post demonetisation
• Ashok Leyland, SUN Mobility to launch electric buses
• Sensex sinks 364 pts, ITC crashes 13 percent
• Major telcos push for doubling mobile call termination charge
• Ensure all traders migrate to GST regime by July end: Rao
• Insurers to offer continued cover for critical illness
• Flipkart revises offer to $950m for Snapdeal; Infibeam $1b

Morning Business News :

• Govt to set up ‘war room’ to deal with GST issues
• IMF cuts US growth forecast to 2.1% for 2017-2018
• NITI Aayog proposes break up of Coal India into 7 cos
• Russian oil giant Rosneft hit by ‘powerful’ cyber attack
• BofA-ML pegs fake cartier bracelet over 15% credit growth this fiscal
• EU slaps Google with 2.42 billion euros fine
• New AS may hit banks’ lending to infra, realty firms
• Trading tips via SMSes: Sebi seeks RBI, Trai help to prevent such scams

• Liberty House cartier mens bracelet leather
  in talks to buy beleaguered ABG Shipyard
• M&M’s tractor business turns more fertile than SUVs, CVs
• India’s apparel exports to set new record at $20 billion in FY17-18
• Govt makes fresh attempt to revive IDBI Bank
• MSME Ministry inks pact with SAP India, Intel, HMT
• L&T Construction bags orders worth Rs. 2,552 cr
• Germany and France to lead post-Brexit EU in further integration
• Suzlon Energy approves allotment of 79.70 lakh shares on FCCB conversion
• BHEL wins cartier love bracelet 15 MW solar PV plant order in Gujarat
• US FDA unveils steps to expedite generic drugs availability in the market
• ILFS Fund exits Indiabulls’ Worli project for Rs358 crore
• Piramal Enterprises to raise up to Rs500 crore via NCDs
• ONGC gets green nod for exploratory drilling in KG basin
• BSE, NSE to launch F&O contracts in ICICI Pru Life, four others
• Dena Bank plans Rs1,800 crore fund raise via QIP
• Software testing complete, ready for smooth GST rollout: GSTN
• Ransomware 2.0 blitzes several Indian, European cos
• ICEMA cuts construction equipment growth rate cartier love necklace to 5% due to GST
• India’s tea exports may go up, prices to improve: ICRA
• NPPA gets GST ready; releases ceiling price of 761 medicines
• Sun Pharma, NIV join hands to fight zika, chikungunya, dengue
• SpiceJet is world’s top airline stock
• RBI on alert as foreign stake in AU nears 49%
• Market in a consolidation mode over GST launch