Morning Business News Round Up_Oct 13,2017

Morning Business News :

  • RBI’s strict KYC norms to keep e-wallets safe
  • Idea, Voda may offer 4G smartphones after Jio, Airtel
  • Banks to set aside Rs 3.3L cr as NPA provisioning
  • Tata Teleservices to sell wireless mobile biz to Bharti
  • 4 metros to gain $7.2 bn/yr on digital payment boost
  • SC asks banks not to sell pledged Fortis shares
  • IndusInd Bank posts 25% YoY surge in Q2 profit
  • RBI proposes currency trading platform for retail customers
  • IIP recovers to 4.3% in Aug, retail inflation steady at 3.28% in Sept
  • Sebi may reduce time to file consent pleas
  • Bitcoin trades above $5,000 for first time ever, up 7%

Image result for Bitcoin

  • Real estate might soon be under GST: Arun Jaitley
  • US jobless claims fall to more than one-month low
  • ‘India’s per capita energy consumption to double in next 6-7 years’
  • World Bank President lauds Modi’s reform agenda
  • India, Mauritius back to negotiating free trade pact
  • TCS net profit slips 2% to Rs. 6,446 cr in Q2
  • Mutual funds log Rs. 2 lakh cr inflows in April-Sept FY’18
  • Prakash Industries bags additional coal linkage for 5 years
  • LIC makes Rs8,000 crore bid in GIC Re IPO
  • Reliance Industries’s Q2 results to get a boost from refining business
  • Kumar Mangalam Birla may tap markets amid telecom shakeout
  • Govt relaxes guidelines for atomic mineral mining in coastal regions
  • JNPT container traffic rises 6% in April-September period
  • SoftBank hits 17-year high amid Japan rally, Sprint talks
  • Paytm eyes 5-fold growth in gold sales in Dhanteras, Diwali
  • Allianz, Shapoorji Pallonji partner to invest in office market
  • FM Arun Jaitley says Indian economy undergoing challenges, not crisis
  • China says EU, US trade moves lack awareness of WTO rules
  • RBI sets rupee reference rate at 65.1003 against US dollar
  • Government tempers daily price revision of petroleum products
  • Slowdown is real but not sure of causes: PM’s panel
  • Indian carriers eye flying slots of Qatar Airways at Dubai
  • Corporates may report dip in profits for second quarter

Morning Business News Round Up_Sep 27,2017

Morning Business News :

  • GST mop up for August dips to Rs 90,669 crore
  • IDFC and Shriram to redraw new merger formula
  • Indian telecom undergoing tech disruption phase’
  • NCLT to hear Ericsson-RCom insolvency plea on Oct 6
  • Facebook to localise user data or be blocked: Russia
  • NeSL to be the first IU under the new recovery law
  • Reliance Infra to raise stake in Reliance Naval
  • Sebi stiffens rule on unauthorised trades
  • Govt considers fund to help exporters under GST regime
  • TN to procure 1500 MW of solar power at Rs 3.47 per unit
  • ICICI Lombard to make market debut today
  • Sebi to allow mutual funds, PMS to participate in commodity futures market
  • ArcelorMittal’s focus on other assets may hit $1-bn JV with SAIL
  • SEBI allows guarseed options on NCDEX

Image result for •	Sebi

  • Parliamentarians, experts for early passage of Motor Bill
  • UP sugar mills demand status quo on cane prices
  • JM Baxi Group opens India’s first ICD-based cold store in Haryana
  • Godrej Agrovet eyes raising ₹1,160 cr via IPO
  • ‘RCom has backup plans in place for the delayed Sistema merger’
  • GE warns India about risks to altering $2.5 billion diesel locomotives deal
  • Dabur ties up with Amazon to boost global sales
  • Shell companies: Disqualified directors under banks’ scrutiny
  • Lloyds Bank to transfer 1,000 staff to TCS subsidiary
  • Hong Kong, Malaysia looking better as India slows: ADB
  • Technology billionaires lose $16 billion as sector stocks sink
  • Rupee closes at 65.45; weakest in 6 months
  • India raises market access, barriers issue with Indonesia
  • Airtel deploys 5G capable tech; promises faster data speeds
  • Anil Ambani says telecom sector in ICCU, warns of monopoly
  • Letters from a whistle-blower to SEBI on NSE rot
  • Tech, infra upgradation vital for agri-business
  • Rising oil prices to further hurt bleeding economy
  • RJio foots chunk of bill for cut-price phone, bets on data
  • ADB lowers India growth outlook

Morning Business News Round Up_Sep 25,2017

Morning Business News :

  • Donald Trump slaps travel restrictions on North Korea
  • Foreign funds head for Dalal Street exit
  • Amazon India calls up Ashok Patni group for JV
  • 200,000 more directors disqualified
  • Essar to Set Up 4 Small & Medium LNG Terminals
  • Mallya diverted most of Rs 6kcr loan to shell cos
  • UK negotiator dismisses reports of 40 bn-pound Brexit bill
  • Crackdown on shell firms: India Inc may have to go on restructuring drive
  • Insurance sector undergoing disruptions, trend to accelerate: Assocham
  • India in talks with Uzbekistan, other countries to create uranium reserve
  • Decision on PEs investing in insurance firms in a month: Irdai chief
  • Modi likely to respond to economy concerns at BJP executive meet on Monday
  • Amazon picks up 5% stake in Shoppers Stop

Image result for Shoppers Stop

  • FinMin wants RBI to lower rates, boost domestic demand
  • India, Indonesia trade ministers to meet on Monday
  • FinMin plans Mudra promotion camps from Sept 27
  • Supertech raises Rs350 crore from L&T Finance for housing project
  • Sebi to hire agency to strengthen IT infrastructure
  • Govt to set up 5 scrap-based steel plants with Rs500 crore investment
  • Insurance sector undergoing disruptions, says report
  • Aditya Birla’s acquisition bid may value Aleris Corp at $2.5 billion
  • Economic stimulus to influence equity indices’ movement, says report
  • 95 mobile companies have set up plants in India, says IT Minister Ravi Shankar Prasad
  • DGCA invites bids from consulting firms for its eGCA project
  • Mark Zuckerberg wants to sell 35-75 million Facebook shares
  • Govt favours bank recapitalisation
  • Telcos owe Rs 3.08L cr in spectrum dues
  • FC Exclusive: NCLT notice to SpiceJet in insolvency plea
  • Oil sector mergers may be advanced to boost economy

Morning Business News Round Up_Sep 20,2017

Morning Business News :

  • Banks can classify priority loans as standard debt: RBI
  • Korea objects to curbs on gold imports
  • TRAI recommendations to promote ease of telecom biz
  • Trump warns US may have to ‘totally destroy’ N Korea
  • US concerned over Sri Lanka’s debt burdens
  • India to supply over half of Asia’s workforce: Report
  • Govt makes public names of debarred directors
  • Trai slashes call connect charge to 6 paise/minute
  • US defence firms want control over tech in Modi’s Make-in-India plan
  • Tata Sons consolidates holdings in three group companies
  • JSW Steel in talks with investors for Bhushan Steel bid
  • Zydus and Pharm Aid tie up for vaccine technology for Russia
  • Tata Motors steps on the accelerator, JLR adds pace
  • Economic slowdown is real, not just technical: SBI Research
  • Companies may face additional tax compliance burden
  • Jaitley holds meeting to take stock of economic issues
  • MCX Zinc reverses higher from a key support level
  • Anti-dumping duty on bus radial tyres from China
  • New York hotels sale may leave Sahara with $200-250 mn
  • Trai lowers IUC, Reliance Jio prevails over Airtel, Idea

Image result for Reliance Jio

  • Ford, Mahindra examine strategic alliance, 22 years after first partnership
  • Switzerland shuts down ‘fake’ E-Coin in latest cryptocurrency crackdown
  • India to reach 20 GW of installed solar capacity by FY18-end: report
  • Nifty hits another all-time high for 2nd day in a row; tops 10,175 points for the first time ever
  • Singapore business community to hold conference on Indian market
  • India needs Rs 3-4 lakh cr investment in aviation: Jayant Sinha
  • NPA-laden state-run banks crimp advance tax mop-up at 10.6 per cent
  • The world’s biggest wealth fund hits $1 trillion
  • Dependence of Indian IT cos on visas reducing: Nasscom
  • Sebi takes guard against security threats, to hire agencies
  • Modi’s meeting with FM, Finmin officials postponed
  • Mahindra showcases driverless tractors
  • GoM on AI may suggest 51% FDI in aviation

Morning Business News Round Up_Sep 19,2017

Morning Business News :

  • FDI likely to rise further after GST: Moody’s
  • Adhia-led panel to meet tomorrow on exporters’ issues
  • NCLT orders StayZilla into insolvent liquidation case
  • India to be no. one in power generation, consumption’
  • Sebi allows REITs, InvITs to raise funds through bonds
  • Big 4 accounting firms on IBA’s list of forensic auditors
  • Mahindra joins hand with Ford for electric vehicles
  • Trai bats for homemade telecom equipment
  • US govt notifies cut in anti-dumping duty on Indian shrimps
  • PE/VC investments, exits at record high of $5.4 bn in Aug 2017: EY
  • IBM, Reliance arm, KPIT to jointly offer IoT solutions across verticals
  • Competition Commission admits petitions against NIIT Limited
  • Govt panel deciding valuation for ONGC’s HPCL acquisition: M K Surana
  • OVL gets extension till 2049 for Azeri-Chirag-Deepwater project
  • Maharashtra set to be $1-trillion economy, says Fadnavis
  • HPCL to add 5 mt petchem capacity over 5 years
  • Tata Motors bets big on experiential marketing
  • SEBI updates board on action against suspected shell firms
  • US oil prices hit $50 on rising refinery demand, falling rig count
  • ICICI Lombard IPO subscribed 98% on Day 2

Image result for ICICI Lombard

  • Mytrah Group raises Rs1,800 crore from Piramal Group
  • Mahindra Lifespace to get $50 million investment from IFC
  • Three directors step down from Hotel Leelaventure board
  • 9th anniversary of Lehman Brothers bankruptcy and Indian banking
  • Lupin names Jim Loerop as chief corporate development officer
  • PM Narendra Modi to meet FM, officials to review economic situation today
  • India open to 100 per cent FDI in defence with full tech transfer, says Indian defence official
  • Rs 300,000 cr road sector loans saved from turning NPAs: Nitin Gadkari
  • High input tax credit claims hit GST revenues
  • 10,000 UK finance jobs affected in Brexit’s first wave
  • Gadkari wants to take NHAI public, awaiting FinMin nod
  • Mergers boost finance sector consolidation
  • Infosys’ Sikka man and senior VP Rajagopalan quits

Morning Business News Round Up_Sep 18,2017

Morning Business News :

  • Government to sell Air India properties owned by them
  • HPCL plans Rs 61,000 crore investment in 5 years
  • CAD seen at 1.2-1.3 per cent of GDP in FY18: Icra
  • Tata Motors plans to breathe fresh life into its PV portfolio
  • Just two bidders for Rs 37k cr Aamby Valley auction
  • Gold imports jump three-fold to $15 bn in April-Aug
  • SES urges Bharti shareholders to reject Telenor deal
  • Fosun Pharma to buy 74% stake in Gland for $1.09 billion
  • Drug makers dial foreign regulators on quality issues
  • Sebi board to take stock of suspected shell cos on Monday
  • Tata Motors eyes larger share of utility market with SUV Nexon
  • GSTN reopens composition scheme window for small businesses
  • Members want preferential treatment in NSE’s Rs 10Kcr IPO
  • Banks to gain as steel sector shows signs of growth
  • India likely to be 3rd largest economy by 2028: HSBC
  • RBI may keep policy rate on hold till FY18-end

Image result for RBI

  • Monnet Ispat: IRP calls for expression of interest
  • CVC to probe govt employees deposits post demonetisation
  • FPIs pull out Rs. 3,000 cr from stocks in September so far
  • India-Japan ties set on high growth trajectory
  • SBI reviewing minimum balance charges for savings accounts
  • Govt may raise over Rs15,000 crore from share sale of 2 PSU insurers
  • TVS Motor to roll out electric two-wheelers soon
  • External debt of India drops 2.7 pct to $471.9 bn, records first such drop in 5 years
  • Government asks state-owned banks to discuss ways to merge at board level
  • Bankruptcy board to register 100 more insolvency professionals to add to 940
  • Indian start-up Kheyti wins prestigious award in Israel
  • Mergers boost finance sector consolidation
  • GIC Re IPO next month, over 14% stake dilution can fetch up to Rs 11k cr
  • Govt to monitor iron ore output
  • Centre eyes record rabi crop output

Morning Business News Round Up_Sep 13,2017

Morning Business News :

  • Telecom Commission rejects Jio’s demands, favours relief for telcos
  • 1 lakh directors of shell companies to be disqualified
  • Infosys chooses North Carolina for second US hub
  • NITI Aayog wants more push to digital signatures
  • Cos to face action for releasing data with name: Prasad
  • 70% people want scrapped Rs 1000 note back: Survey
  • Rs 3K cr oil, gas reserves project gets govt nod
  • Volkswagen has no plans to divide the group, says CEO
  • Tax dept asks Docomo to pay Rs 2,500 cr on Tata Tele award
  • I-T dept calls big corporate entities to pay advance taxes
  • OPEC sees higher 2018 oil demand, trims output
  • Jet Airways Q1 net doubles to Rs 53 cr on higher other income

Image result for Jet Airways

  • New company to hold telecom tower assets of BSNL gets Cabinet nod
  • NSE to extend deadline for filing annual returns to Oct 31
  • India Inc’s investment overseas down 15% to $1.34 bn in August
  • Banks need $65 bn more capital to meet Basel-III norms: Fitch
  • Japanese premier to fast-track bilateral ties
  • M&A deal value plunges by 46%, firms cautious after GST rollout
  • L&T Construction wins orders worth Rs. 2,525 cr
  • Bill to double tax-free gratuity to Rs20 lakh for government, private employees cleared
  • India’s coal plants run at 3-year high a hydro, nuclear output falls
  • Nepal demands window to exchange currency notes banned by India
  • Tata Sons to raise stake in Tata Global Beverages, Tata Chemicals
  • Govt mulls Rs10 trillion public financing for infrastructure projects
  • Sensex settles at 5-week high at over 32,000; all eyes on August inflation data
  • CPI inflation rises to 3.36 per cent in August as food prices soar
  • US lawmakers oppose 92 per cent cut in aid to Sri Lanka
  • GMR Group eyeing airport projects in Asia and Eastern Europe
  • DLF gets green nod for Rs 240 crore commercial project in Goa
  • Frequent changes in tax rates to impact investment: Hyundai
  • HC seeks TRAI’s response on Vodafone’s appeal
  • ITC to explore new areas as part of diversification
  • UN approves new North Korea sanctions, stopping short of oil embargo

Morning Business News Round Up_Sep 04,2017

Morning Business News :

  • State Bank of India planning $3 bn green bonds
  • Rajan warned Modi against demonetisation: Book
  • Sebi firming up rules to classify mutual fund schemes
  • RBI was never asked about demonetisation: Rajan
  • China wants India to go slow on Asia-Africa corridor
  • India condemns North Korea’s nuclear test
  • Credit card growth beats bank loans: RBI
  • Fresh I-T crackdown on shell firms, 2,138 firms identified
  • Sebi to detoxify derivatives market; brokers say NSE data overstated
  • Cabinet reshuffle: Economic ministries’ work rewarded
  • Turnaround scheme to drive SAIL towards profitability: Report
  • L&T’s proposal to expand Powai project gets green nod
  • Slow GDP growth to delay recovery to December: India Inc
  • Modi arrives in Xiamen to attend BRICS Summit
  • Infy promoters offer shares worth Rs. 2,038 cr for buyback

Image result for Infy

  • Tata Motors CV sales up 24% in July-August
  • Produce more special steel to cut imports: Minister to PSUs
  • Birlas enter top league with $50-bn market cap;Tatas on top
  • NIC developing e-mail server for all govt officers: Ajay Kumar
  • Ragh Rajan says he wasn’t on board for demonetisation
  • Brics summit expected to oppose US trade protectionism: China
  • Nandan Nilekani will not receive any remuneration for his current post: Infosys
  • Coal India quashes privatisation rumours, says no coal shortage
  • Govt said to plan setting new gold bourse rules in November
  • Sun Pharma sees single-digit decline in revenue for 2017-18
  • NPAs crisis: Raghuram Rajan says banks were reluctant to even recognize problems
  • India’s economic growth will bounce back, says BRICS Bank chairman K V Kamath
  • UBS lowers India growth forecast to 6.6 per cent for FY18
  • Telecom Commission to decide on North East mobile towers project
  • Finance Ministry writes to heads of PSU banks on consolidation
  • Scooters India, Shipping Corp, 4 others lined up for strategic sale
  • Car sales in Aug a mixed bag, two-wheeler makers recover
  • Apple all set to debut revamped iPhone on September 12
  • Modi asks taxmen to be friendly to honest taxpayers

 

Morning Business News Round Up_Sep 01,2017

Morning Business News :

  • India’s Q1 GDP growth slips to 3-year low of 5.7%
  • Govt eyes RBI surplus to keep fiscal math in check
  • Homebuyers of Jaypee Wish Town banking on IRP
  • Over 655 cases decided under insolvency law: NCLT
  • RBI chief Urjit Patel warns against farm loan waivers
  • Fiscal deficit reaches 92.4% of full-year target in Jul
  • Deadline for PAN-Aadhaar linking extended to Dec 31
  • SC refuses permission to sell shares in Fortis Healthcare
  • Slowdown of GDP growth not attributable to demonetisation: CSO
  • Sebi to alter investment advisory norms for MF distributors

Image result for Sebi

  • Rs 2.89 lakh cr deposited post note ban by 0.97 mn people under I-T radar
  • China July services trade deficit falls to $21 bn
  • Govt must settle retrospective taxation issue: Vedanta’s Anil Agarwal
  • China July services trade deficit falls to $21 bn
  • Sembcorp buys IDFC’s 28% in Indian green arm for Rs1,400cr
  • Bonds issued outside can get listed on IFSC exchanges: SEBI
  • Note ban helped root out fake currency: DEA Secretary
  • Auto components industry grows 14% to about Rs. 3 lk cr
  • Dr Reddy’s settles patent row with Vivus
  • N/Core to fund and mentor 10 non-profit start-ups
  • PNB cuts MCLR, base rate by up to 25 basis points
  • IT ministry to tighten quality standards for electronic goods
  • Cognizant keen to ‘pick up’ pace of acquisitions
  • Govt defers BSNL stake sale decision in wake of Reliance Jio turmoil
  • Wells Fargo says 3.5 million accounts involved in scandal
  • Stock exchanges propose extending trade hours till 7.30 pm
  • Pay dues or allow others to take control of business: FM Arun Jaitley to debtors
  • CAIT urges finance ministry to waive penalty on late filing of GSTR
  • Companies get socially more responsible, CSR spend up 47%: Report
  • Paytm Payments Bank in talks to partner full-service banks
  • Large deposits post-DeMo ends anonymity of cash: Jaitley
  • 14,000 properties of Rs 1 cr each under scanner: I-T dept
  • Govt rules out new window to deposit scrapped notes
  • Saab picks Adani as partner for fighter jets bids

 

Morning Business News Round Up_August 31,2017

Morning Business News :

  • Aim of demonetisation was not to confiscate money: FM
  • Almost all denotified notes back in the system: RBI
  • Government notifies e-way bill, exempts some items
  • Aadhaar data kept only on own secure servers: UIDAI
  • NDB approves $1.4 bn loan for India, China, Russia
  • US economy grew 3 per cent in Q2: Commerce Dept
  • Investor plaint on brokers: Sebi disposes of case agst NSE
  • Bird Group interested in acquiring AI’s ground handling biz
  • Wipro gets shareholders approval for Rs 11,000-cr buyback proposal
  • BSE’s ‘compulsorily delisting’ plan runs into legal hurdle
  • Govt extends OBC creamy layer to PSUs, financial instts
  • Govt rules out cutting taxes on petrol, diesel
  • Govt to tighten import norms for steel products
  • G-Sec yields have remained sticky despite RBI’s rate cut
  • Flipkart increases paid up capital to be a GST Suvidha Provider

Image result for Flipkart

  • India may see low plant load factor until 2018-19, says study
  • Agri Ministry wants tax exemption for FPOs
  • NTPC OFS gets tepid response from institutional investors
  • Govt to appoint transaction advisers for Air India disinvestment
  • RIL to raise Rs2,500 crore via debentures
  • Aditya Birla Capital to be listed on 1 September
  • Aurobindo Pharma in talks to buy Shreya Life Sciences’s Russia business
  • Persistency ratios show life insurers struggle to keep policyholders on board
  • Economic activity to expand 7.3 pct this fiscal: RBI
  • RBI annual report: Nearly 8 lakh pieces of fake notes detected in FY17
  • DIPP approves 2 FDI proposals in single brand retail sector
  • Moody’s cuts foreign currency deposit ratings of IDBI Bank
  • Schaeffler to merge three Indian entities into a single firm
  • Battle for India’s $45b gold industry has begun
  • L&T sees $28b golden goose in defence contracts
  • Deadline for Aadhaar will be extended till Dec 31: Govt to SC
  • Cabinet nod for ordinance to hike cess on luxury vehicles
  • BI readies 2nd list of bankruptcy candidates, mostly infra companies