Tag: Morning News

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

• 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 :

• 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

• 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 :

• 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

• 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 :

• 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

• 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 :

• 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

• 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

Morning Business News :

• World’s 1st diamond futures bourse opens in India
• Promoters may take part in Infosys share buyback
• Greenko eyes R-Infra’s Mumbai power biz for $2 bn
• Govt sanctions over 2.17 lakh houses for urban poor
• EPFO diverting money to riskier bonds to earn more
• Trai seeks views on sale of 5G services spectrum
• The cost of clean water is $150 bn a year: World Bank
• Tata Teleservices plans to invest Rs 4,000 cr in listed arm
• Centre to divest up to 10% stake in NTPC for Rs 13,800 cr
• IDBI Bank looks to exit early from NSE
• GST to have positive impact on states’ finances: Ind-Ra
• Lenders of Jaypee Power seek bids for 30% stake dilution to recover debts
• Reliance Capital shareholders to get 1:1 stock of home finance arm
• L&T Construction bags orders worth Rs. 1,975 cr
• NSE now eyes mega Rs.10,000-cr IPO by Feb-Mar next year
• ACC, BoB & Tata Power to move out of Nifty 50 wef Sept 29
• Despite sharp cuts by PSU banks, foreign banks command lowest MCLR
• Dr Reddy’s faces class action suit in US court
• Iron ore stockpiles swell on imposition of export duty
• RBI may consider linking bank loans to repo rate
• NSE adds Bajaj Finance, HPCL, UPL Ltd to Nifty 50, removes 4 stocks

• Insolvency case: IRP verifies claims of over Rs44,498 crore against Bhushan Steel
• SSG Capital Management in talks to buy stake in Emco Ltd
• L&T Finance among India’s five most valuable NBFC firms
• Gilead to buy Kite Pharma for promising cancer therapies in $12 billion deal
• Over 36 lakh businesses file GST returns so far
• Fringe benefits availed by employees liable to GST
• DLF looking at Mumbai, Bengaluru to build commercial assets
• Appetite for telecom spectrum only by early 2019, says COAI
• Brexit talks face ‘very big gap’ as new round begins
• Sensex makes 155-pt gain on easing Indo-China tension
• Startups can raise 100% funds from foreign investors
• Essar Steel lenders want to bring in new investors; Tata, JSW keen

Morning Business News  :-

• Sebi may force MFs to merge schemes in same category
• Abercrombie & Fitch planning to enter Indian market
• Remove agri from Essential Commodities Act: Niti Aayog
• Govt notifies changes in Banking Regulation Act
• RIL, BP to use floating system to produce D6 gas find
• DLF expects GIC rental arm deal to be concluded by Nov
• Middle East giant in talks to buy Sahara’s US hotels
• EPFO mulls crediting ETF units to PF accounts
• PSU banks take action against 5,954 wilful defaulters to recover Rs 70k cr
• JSW makes another dash for troubled Italian steel mill
• Maruti continues to lead PV market; 7 models in top 10 list
• BSE board approves another 5-year term for Ashish Chauhan as CEO
• Canadian investors court Bengaluru realtors for tie ups
• OIL seeks shareholders’ approval to raise 7,000 cr through bonds
• Future Group to focus on small stores to build brand presence
• New norms for solar power bids to enhance transparency: MNRE
• Growth worries spook FPIs, Aug net equity outflow at $2 bn
• Indian Immunological’s herbal product for animals
• Heritage Foods sees boost from value added products
• Foreign ownership in BSE–200 rises by 43 bps to 24.93% in Q1
• Petrol price up by Rs6 per litre since July, diesel by Rs3.67
• Vodafone flags concerns over further cut in mobile termination charges

• Supertech gets green nod for Rs1,130 crore Sports Village project in Greater Noida
• Sebi questions fundraising on LinkedIn
• Infosys employees focus on ‘next big idea’, unperturbed by boardroom blues
• Trai asks Idea to submit Rs3 crore for overcharging subscribers
• India facing problem of severe under-employment, says Niti Aayog
• Black money: Swiss panel to discuss info-sharing safeguards with India, others
• New highway projects worth Rs 1 lakh crore in Rajasthan: Nitin Gadkari
• Vodafone flags concerns over further cut in MTC
• No subsidy for sugar mills to begin crushing early
• Tata Motors working on alternative plans for Nano: official
• FC Investigation: 17,000 dubious firms caught laundering in DeMo net
• Diversified portfolio is the best defence against uncertainty

Morning Business News :

• Tower cos can cut energy cost by 40% using green tech
• Idea seeks DoT’s nod for merger with Vodafone
• Infy board blaming Murthy to hide own failure: Ex-CFO
• Tax dispute: Delhi HC halts 2nd arbitration by Vodafone
• Murthy to address investors to take on board
• TaMo took cartier bracelet unanimous decision to stop Nano: Mistry
• UC Browser under govt scanner over data leaks
• GMR lines up Rs 16,000 crore for Delhi airport upgrade
• Essar Oil deal done, hurdles stay for group’s steel, power firms
• RBI hikes foreign investment limit in Eris Life to 49% from existing 24%
• Apex Frozen Foods IPO subscribed 40% on first day

• Qatar deposits $7 billion in July to offset crisis outflows
• Enforcement Directorate mulls selling Mallya’s shares in UB
• FSSAI plans food safety index to measure performance of States
• Keeping a watch on Infosys share price: SEBI Chairman
• Ashok Leyland, IIT Madras sign MoU
• LIC Housing Finance looking to boost lending to affordable home segment 3
• Poland’s Medicover AB picks cartier nail bracelet replica
  up 22% stake in Maxcure Hospitals
• Eros Worldwide offloads 1.17 cr EIML shares to pay debt
• RBI moves forward to battle rupee flood
• Govt eases environmental clearance rules for solar power projects
• Around 100 brokers fake cartier bracelets
  under lens for helping shell companies
• Essar Oil minority shareholders to earn more on shares tendered during 2015 delisting
• DCM Shriram Industries Q1 net profit at Rs32.58 crore
• PM Narendra Modi tells CEOs to help boost agricultural economy
• India’s foreign reserves at record high: DBS
• IRL impact: Hindustan Copper Ltd decides no more exclusive foreign partners
• L&T to sell replica cartier love bracelet some non-core businesses to become more nimble
• Micro-finance institutions’ loan portfolio increases 26 pc in Q1 to Rs 35,000 cr
• Bank strike impacts Rs 22,000 cr business, some ATMs go dry
• RIL mulls entry into power storage business with BP
• Name & shame default strategy stepped up as NPAs mount

Morning Business News :

• ONGC board approves HPCL takeover
• Ruias shave off 67% of Rs 1.05 trillion group debt
• Hong Kong clocks 40% increase in trade with India
• SBI offers up to 100% processing cartier replica fee waiver on loans
• Govt gets Rs 42K cr tax so far in first filing under GST
• EOL deal bans Ruias from re-entering oil refining
• BSE to delist fake cartier bracelets
  200 companies from Wednesday

• Tata Power enters electric vehicle charging segment
• Essar Oil completes sale of assets to Rosneft-led consortium for $12.9 bn
• NCLT mulls taking insolvency petition against Era Infra to larger bench
• Infosys ADR holders complain to Sebi
• US wants greater access to Indian agri market via tariff cuts
• USFDA makes 2 observations at Laurus Labs’ Parawada unit
• Indian Energy Exchange gets SEBI nod for IPO
• MFIs need upto Rs 11,000 cr over next three years: Report
• Exxon, Shell, Total, RIL lead line-up to explore oil in India
• Aurobindo Pharma gets USFDA nod for HIV drug
• Industry wary over government’s new pharma policy
• Capital Float raises $45 million in series C led by Ribbit Capital
• Govt all set to hike GST cess on luxury cars, via ordinance
• NTPC seeks www.cartierbracelets.co shareholder nod to raise Rs15,000 crore via bonds
• IHCL faced ‘near-death experience’ due to acquisitions: Cyrus Mistry office
• Retail inflation to be well within RBI’s 2-6 per cent cartier nail bracelet replica
  target: BofAML
• India consumer confidence sees largest dip in APAC: Mastercard
• Boost clean energy, reduce emission or see economy dip: Piyush Goyal
• Tata Motors to invest Rs 4K cr to speed up sales in India
• Pai flays Sikka for blaming Murthy to cover up his ‘bad performance’
• Honda Motorcycle eyes to sell 6 million units in FY17-18

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 http://www.cartierbracelets.co/ power to fix drug prices in new policy
• Govt extends GST return cartier love bracelet replica 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 cartier nail bracelet replica
  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 cartier bracelet
  merger deal

• 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