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Morning Business News :
- India may move to WTO against US over import sops
- DHFL didn’t create shell companies: Audit report
- CBDT notifies relaxed norms for start-ups
- OECD cuts global growth forecast over trade, Brexit uncertainty
- Biocon gets 6 observations from USFDA after inspection of its Bengaluru plant
- NHPC pays Rs 527 crore dividend to govt
- US trade deficit surges to 10-year high in 2018 at $ 621 bn
- SC decision puts banks at risk of adding $25 bn to power sector NPAs
- BoB, Dena, Vijaya Bank merger could open Rs 1,000 cr IT outsourcing window
- Rs 25,000-cr infusion not enough to stabilise Bharti Airtel’s rating: S&P
- Grab raises $1.46 bn from SoftBank Vision Fund; $4.5 bn secured so far
- Sugar production around 248 lakh tonnes till Feb 28: ISMA
- Kerala govt moves HC against airport contract granted to Adani
- Bombay HC asks NSL to deposit₹138 cr in MMBL-royalty issue
- Philip Morris circumvented FDI ban on cigarette manufacturing
- India requires pragmatic compulsive licensing system: Cipla
- Govt bans import of solid plastic waste by SEZs, EOUs
- Nomura sees GDP growth target below 7% in 2019-20
- CBI seeks additional documents from ICICI Bank in Videocon loan default case
- European Union says ‘no solution’ yet to break Brexit deadlock
- Banks encash bond holdings to service rising demand for credit
- India needs more globalization to boost wages: World Bank-ILO report
- Donald Trump acts tough on India; US to withdraw zero duty import benefit on 1,784 items
- February peak power demand rises 3% year-on-year
- DoT panel divided on E&V band spectrum allocation
- NELCO gets in-flight, maritime connectivity licence from DoT
- Rupee rises for 2nd day; up 21 paise to 70.28 vs USD on easing crude prices
- Sensex spurts 193 points; Nifty closes above 11,000-mark
- OECD lowers global growth forecast over trade tensions
Morning Business News :
- Banks recover Rs 40,400 crore from defaulters: RBI
- Reliance, BP get key ship on KG-D6 for gas output
- Make enough financial allocations for farmers: Par Panel
- Provision coverage ratio of PSU banks on the rise
- 26 firms evince interest in special audit of telcos
- Sebi plans to strengthen market surveillance system, data warehouse tool
- Govt working on bringing untaxed sectors under tax net: Revenue Secy
- Rs 3-trn NPA risk averted by completing highway projects in 2018: Gadkari
- Jet Airways in talks with SBI for Rs 15 billion short-term loan: Report
- Cipla recalls 4,800 bottles of anti-HIV tablets from American market
- MSTC mulls 10% fresh equity issue after govt plan to dilute 25% stake
- India’s robust GDP growth to continue in 2019, says CII report
- NTPC to set up 50-MW LNG project in Andaman
- Committee to monitor DFI implementation soon
- Govt seen going full throttle on labour reforms in 2019
- Air India, Jet Airways see dip in domestic market share
- Emerging markets seen bringing more pain to investors in 2019
- Theresa May sets mid-January date for Brexit vote
- Sebi expands OFS framework to all firms with Rs1,000 crore and above m-cap
- RBI extends enhanced single borrower limit facility till March
- RBI exploring mobile phone-based solution to help visually impaired identify banknotes
- Niti Aayog’s new year focus: Pushing growth, implementation of govt’s reform measures
- Petrol price cut to its lowest level in 2018, diesel rates at 9-month low
- Govt proposes to invest Rs 1,227 cr through EDF
- New NHAI norms may slow down project awards
- Debt Waiver May Slow State Capex Growth
- Re-audit of telcos’ books to begin in jan
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
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