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Morning Business News Round Up_Jan 08, 2019

January 8, 2019 beelineadmin

India to grow at 7.2 per cent in 2018-19: Government
Bandhan Bank to acquire HDFC-led Gruh Finance
Banks’ NPA level on the decline: RBI Governor
Resolve issues over dues by Jan 11: SC to RCom, RJio
Govt allows ONGC, OIL to induct foreign partner
Funds to cut equity allocations in 2019: Blackrock
Trade war ‘certainly’ hurting China economy: US official
Highway labourer at par with construction worker after new wage norms
RBI forms committee to look into issues of MSMEs, functioning of banks
After 3-month gap, HPCL, BPCL to import 1 mn barrels of Iranian oil in Feb
MF equity assets only 4% of India’s GDP, lags global average of 35%: Report
Essar Global Fund completes Rs 42,000 cr final debt tranche
Centre eyes $600-m from Round II of OALP bids
Corporates set to report lower revenue, profit growth in Q3
Direct tax mop-up rises 14.1% to Rs 8.74 lakh cr during April-Dec 2018
Lupin gets USFDA nod for generic schizophrenia drug
US-based Ecolab sets up global digital centre in Bengaluru
IL&FS Transportation defaults on dividend payment of Rs 7.12 cr
HDFC is the biggest winner in Bandhan-Gruh Finance merger
India takes over operations of part of Chabahar port in Iran
KPMG special audit finds Reid & Taylor promoters defrauded firm of ₹3,524 crore
Bitcoin pushes past $4,000 as technical gauge turns positive
15 airlines bid for 111 routes in third round of UDAN auction
Elon Musk lays foundation of USD 7 billion Tesla plant in China
Jet Airways in talks to defer or reduce payments to vendors as lenders push for revival plan by month-end
Crude shocker can be rude shocks for economy: RBI economists
Amazon emerges as most valuable US firm amid market turmoil
Srei, Norway’s ECN in equipment import pact
Rs 40,000 cr investment expected in OALP-II bid round
To improve revenues, BSNL ties up with Eros for web content
OVL acquisitions fail to augment energy security
No decision on interim dividend yet: RBI

Morning Business News Round Up_ Dec 24, 2018

December 24, 2018 beelineadmin

Huawei faces new setbacks in Europe’s telecom market
Tata Motors assures UK PM May of JLR commitment
China mulls new foreign investment law
GST to consider 5% GST on under-construction homes
Govt moots Rs 7,400 crore soft loan to sugar mills
ONGC board thinks not the right time to list OVL
Himachal Futuristic Communications wins L&T contract
Increase e-Visa validity to 10 years to boost tourism: NITI Aayog
FinMin’s Alternative Mechanism gives nod for BoB, Dena, Vijaya Bank merger
Shriram Transport to M&M Finance, volume dip deflates vehicle financiers
IFC to back Lighthouse’s SPV to acquire stake in footwear firm Aqualite Ind
MNC drug majors outshine Indian peers, draw investors’ attention
GST Council’s announcements bring comfort: Industry bodies
Maruti scouting for land in Haryana only to shift Gurgaon plant
IT Alliance Australia plans to bring ₹600 cr FDI in 7 years
NCLAT stays insolvency proceedings against Eastern Coalfields
10 Indian startups selected for Google News Initiative funding
India Inc raises Rs 6 trillion from equity, debt markets in 2018
Avoid cap on remuneration of independent directors: CII to govt
Partial US government shutdown set to last through Christmas
Pass on GST rate cuts or face withdrawal of benefits: Jaitley to businesses
Petroleum products should be under GST, says Industry body
Oil market likely to rebalance early 2019: OPEC ministers
NMDC moved HC after exhausting all options in Karnataka: CMD Hyderabad
Need to open up India’s dredging market to boost ports trade: NITI
Public credit registry to become reality soon
FPIs infuse Rs 1,332 crore in equity in three weeks
MCA wing speeds up fraud detection
SBI may raise Rs 12,000 cr overseas for PFC’s REC buy

Morning Business News Round up_November 05, 2015

November 5, 2015 beelineadmin

Morning Business News :

Moody’s downgrades VW due to emissions scandal
Govt will unveil big power reforms in couple of days
RBI issues operational guidelines for gold bonds
5% rise in indirect tax receipts a huge positive: FM
Govt dismisses Moody’s report, calls it opinion of junior analyst
India, US discuss measures to deepen capital mkts
Alstom in major share buyback after GE deal
Volkswagen fails emission tests in India, gets notice
Banks step up pressure on Essar Group
Bankruptcy panel submits report and draft law
IDBI Bank to raise Rs 2,800 cr through a QIP offering
Cairn-Vedanta merger now by June 2016, says Group firm
Maggi noodles clears final tests, relaunch likely late November
Vedanta Resources net loss widens in H1 FY16; halts dividend
Rajan defends his speech calling for tolerance, mutual respect
S. private sector adds 182,000 jobs in October
Reliance Infrastructure to exit cement, roads businesses
Tata Comm building world’s largest IoT network in India
NSE extends waiver of processing fee for MF distributors

Solar tariffs in India hit all-time low of Rs. 4.63
Standard Chartered said seeking to sell Essar Global loans
Godrej Properties Q2 profit jumps 127%
United Spirits to sell French winery by November
ONGC to buy into Adani-Welspun’s oil block off Mumbai coast
India to remain fastest growing IT market in 2016, says Gartner
Services sector growth hits 8-month high in October
Cars, SUVs prices to rise by Rs 6,000 to over Rs 6 lakh in Delhi
DLF Q2 net profit rises 21% to Rs 131.50 crore
Call drops’ Re 1 penalty: Trai, telcos headed for fierce court battle
Cognizant Q3 net grows 12% at $397 mn, raises revenue guidance
Sebi unlikely to challenge SAT order on SRO issue
IOC set to open more border routes to Nepal for supplies
Ashok Leyland Q2 profit after tax up 137%
France reaffirms 2b euros for 3 cities under smart city plan
Bata reports Q2 PAT of Rs 54 cr, turnover at Rs 575 cr
India has only 1% total retail sales in digital commerce

Morning Business News Round up_October 29, 2015

October 29, 2015 beelineadmin

Morning Business News :

India Among Top 10 In Total Individual Wealth Globally
Infy, Wipro, Hcl, Tcs Struggle To Meet Nasscom’s Target
Ongc To Start Cutting Costs As Oil Price Fall Hits Profit
Govts To Raise $22bn From Carbon Pricing In 2015
After Indigo’s Success, Goair Eyes Up To $150 Million Via IPO
Sun Recalls Over 10l Boxes Of Allergy Drug In Us
Carl Icahn Says Aig Should Split Into Three Cos
Amtek Auto Seeks To Sell German Unit Tekfor: Sources
Fed Sees ‘Moderate’ Pace Of Growth; Rates Unchanged
OVL To Double Africa Investments To $16 Bn In 3 Years
Diageo, Usl End Trademark Litigation On Black Label
Novartis’ Generic Drug Arm Gets USFDA Warning Letter For Two Plants In India
Hindustan Coca-Cola Takes Over Georgia Tea & Coffee Business In India

Defence Unit At Tata Steel Gopalpur Park To Start Production In Feb
Regulatory Reforms Can Lead To Substantial Benefits: Wb
India’s Chemical Industry Set To Touch $214 Bn By 2019
Textile Industry Appeals For Better Weightage To Domestic Market
Emco Board Nod For Dubai Arm Establishment
Tatas Join Uk Steel Industry To Petition Govt For Action
Govt Said To Mull Higher Foreign Investment Cap For State Banks
Indian Oil’s Paradip Refinery May Start Commercial Operations In March
Jet Airways Q2 Profit Rises 25% To Rs87.59 Crore On Lower Fuel Prices
Dabur India Q2 Profit Up 19% To Rs341 Crore
Syndicate Bank Q2 Profit Rises 5.3% To Rs332.37 Crore
Sensex Extends Losses For 3rd Day In A Row, Ends 214 Points Down, Nifty Settles At 8,171
Psu Disinvestment Nets 71% Of Total Fund Raising In Apr-Sept
Two Cci Members Order Fine On Jp Associates; Chairman, Others Overrule
Maruti Suzuki Baleno Gets Over 4,600 Bookings Within 2 Days
Arun Jaitley Must Revive Dtc, Reduce Income Tax Burden On Common Man
Wipro Bags 5-Yr Deal From Coop Norge Handel
Mf Investos Have To Give Info Under Fatca From Nov
REC’s Rs 700-Cr Tax-Free Bonds Oversubscribed
Future Generali To Raise Share In Health Segment
Indian Real Estate Has To Be Ready For Automation

Morning Business News Round up_October 19, 2015

October 19, 2015 beelineadmin

Morning Business News :

FPIS Pour In Rs 17,000-Crore In Capital Markets In October
ONGC Seeks Premium Pricing For Block In KG Basin
Coal Block Lease Issues End; 10 Mines To Start Ops
Govt Puts Stock Limits On Pulses By Big Retailers, Importers
French Police Search VW Offices In Emissions Probe
Forex Scam: Banks Face Sebi Scrutiny For Disclosure Lapses
Government Seeks Industry Views On GST Provisions
Amtek Set To Solve Debt Issue With Jpmorgan
Centre Plugs Into Power Reforms To Recharge Distribution
Indian Railways To Be Country’s Next Eco-Growth Engine
Pension Regulator Seeks Govt Support To Widen Subscriber Base
Lanco Wins Income Tax Case In Supreme Court
7,035 Wilful Defaulters Owe Rs 59,000 Cr To PSU Banks
Reliance Jio To Share Rcom Spectrum In Seven Circles
India Among Top 10 Acquirers In US Market This Year
Maruti Mulls Offering Safety Package As Option In Mass Brands
Jaitley Pledges A Friendly Tax Regime, 25% Corporate Tax
Eyeing Consistency, CBDT Streamlines Transfer Pricing Norms
IPO-Bound Profitable Indigo Has Negative Networth
Bob Case: Court Extends Custody Of Four Accused By 6 Days
India Drug Industry Says US-Led Trade Deal Will Raise Prices
Cement Prices Drop In Delhi-NCR After Builders Allege Cartelization
Reliance Industries Q2 Net Profit Rises 12.5% To Rs6,720 Crore, Beats Estimates
Monsanto India JV Sues Eight Seed Companies
Deutsche Bank Splits Investment Bank In Two As Part Of Overhaul

Shoppers From Smaller Towns Drive Business During Amazon Sale
Govt Seeks Views On New Guidelines For Solar Projects
MTS Planning Rs 1 Lakh Accidental Insurance For New Customers
MFS Roll Out E-KYC To Make It Easy For New Investors
BSE To Trawl Social Media For Information On Listed Cos
RIL Shifts Idle Cash To Mfs From Treasury
Govt To Lower Stake In IDBI Bank To 49%
REC Plans To Garner Rs 700 Cr Via Tax-Free Bonds
China Re Raises $2b In HK IPO After Pricing Deal At Top

Morning Business News Round up_October 08, 2015

October 8, 2015 beelineadmin

Morning Business News :

Govt Plans To Seek Special Dividend From Top Psus To Meet Tax Deficit
‘China Faces Unprecedented Eco Policy Challenge’
Moody’s Maintains US Credit Rating And Stable Outlook
US Dollar Is Own Worst Enemy, Says London Hedge Fund
Tea Board Enforcing PPC To Check Excess Use Of Chemicals
RBI To Be Payment Aggregator For GST
Sebi Steers Clear Of Fresh Probe In NSEL Scam
Redington To Acquire Turkey Based Linkplus
SC Refuses To Modify Order Restricting Use Of Aadhaar Cards
Govt Should Allow FDI In Multi-Brand Through PPP: Assocham
Insurance Regulator May Allow Long Term Products In Health
Mercedes-Benz India Sales Up 34% In Jan-Sep Period

India’s Solar Installations Set To Quadruple In Two Years
Tesco Shows Signs Of Recovery After Profit Collapse
BSE To Conduct PAN-Based Self-Trade Prevention Checks From Oct 12
Indian Pharma Sector Likely To Achieve $55 Bn Turnover By 2020
Additional Spectrum: Court To Pass Order On Charge On Oct 15
Tata Steel UK’s Deficit In Pension Scheme Stands At $138 M
IMF Warns Emerging Markets Of Risk From External Shocks
Maharashtra Govt Orders Lavasa To Return 191 Acres Of Land To Tribals
ONGC Boosts Spending As Exploration Costs Likely To Drop
Volkswagen Halts Sale Of Polo Models In India
75% Of Jaypee Group’s Debt Has Default Rating
ArcelorMittal Exits Algeria By Handing Over Stakes To Govt
Sensex Jumps 103 Points Up On Global Cues, Strong Rupee, Nifty Settles At 8,177;
Air India To Raise Rs 700-Cr Bank Loan To Pay For 6 Dreamliners
Trucks Entering Delhi To Pay Environmental Tax: NGT
PM Narendra Modi’s Make-In-India Plan Could Hurt IAF
HC Restrains Glenmark From Business Of Anti-Diabetes Drugs
ONGC, Cairn Seek Relief From High Crude Tax
Punj Lloyd Enters Transmission, Distribution Segment
Jubilant Life Gets USFDA Nod For Indomethacin Capsules

Morning Business News Round up_October 05, 2015

October 5, 2015 beelineadmin

Morning Business News :

ONGC To Seek Govt Help For $6-Bn KG Project
Adani To Buy Welspun’s 2 Ready-To-Build Power Plants
State Bank Of India To Charge Up To 10% For Home Loans
Cabinet To Consider Rs 4.3 Lakh-Crore Loan Recast Of Discoms
India Pledges To Increase Use Of Non-Fossil Fuels
Indiabulls’s $1 Billion Issue Gets Shareholders’ Nod
Center To Invite Bids For National Agri Market Platform
Volkswagen India Sales Down After 7 Months Of Growth
Lower Costs, Be Vigilant Of Risky Assets, Sebi Tells Amcs
NMDC Slashes Iron Ore Rates By Over 50%; More Revision Likely
New Gas Price Will Discourage Exploration: S&P
RBI Likely To Go For Final 25 Bps Rate Cut In Feb: Bofa-ML
NTPC May Sell Power To B’desh From Upcoming Assam Plant
Transmission Of Interest Rates Cut Will Help Pick-Up In Consumption Demand
Govt To Make PAN Card Must For Cash Transactions Beyond A Limit
NSE To Launch Self-Trade Prevention System From Oct 12

Lack Of Capital Affecting First Generation Entrepreneurs: SIDBI
Switzerland To Publish 1st List Of Unclaimed Accounts In December
Indian Banks Forced To Inject Funds Into UK Subsidiaries: Report
HDFC Raises More Than Rs.10,000 Cr Through Issuance Of Securities
Maruti Board Approves Pact With Suzuki Arm For Gujarat Plant
Adani Ports Signs Pact With L&T Shipbuilding To Evaluate Kattupalli Port
DLF Board To Meet On 8 October To Prepare Road Map For Rental Business
Pending Tax Issues Will Be Referred To Shah Panel: CEA Arvind Subramanian
Tata Steel Invests Rs 22K Crore In Odisha Project; To Start Operation Soon
SC To Examine Essar’s Plea Against Rs 2,300-Cr Fine By DGVCL
Regulatory Environment Key Risk For India’s Airport Sector: S&P
Wary Of Risks, GAIL To Take 10 Pct Stake In TAPI Pipeline

Morning Business News Round up_September 16, 2015

September 16, 2015 beelineadmin

Morning Business News :

RBI Base Rate Calculation Norms May Help Monetary Policy: ICRA
Govt To Pump Rs 70,000 Cr In Replacing Old Power Units
9 Biggest Banks To Form Blockchain Partnership
Advance Tax From Steel, Banking Sectors Registers Fall
Trade Data: Exports Fall 20.7 Per Cent Y/Y In August
Fed Meets, Decision On Rate Hike Seems Like A Toss-Up
SFIO Probes Fund Diversions By Kingfisher Airlines
Tata Front Runner For GE Capital’s Stake In SBI Cards
China Falls Drag World Stocks Back Into Red
India’s FX Reserves Loss In August Fourth Highest Among Ems
Everstone Closes Its Third Private Equity Fund At $730 Million
Suvidhaa Acquires Mobile Pos Platform Aasaanpay
ONGC To Complete 12 Projects Worth Rs 13K Cr By May 2016
Orchid Pharma To Convert Rupee Term Loans To Foreign Currency Loans
To Check Bad Loans, RBI For Cap On Lenders In A Consortium
Industry Body Urges Centre To Re-Define Msmes
Fertiliser Cos See Good Sales Growth In Kharif Season
Corporate Agents Can Now Sell Policies Of Up To 3 Insurers
Modi Asks Sri Lankan PM To Support Indian Investments In Infra, Energy
Biocon Opens New Facility To Make Insulin Devices In India
Npas Grew Faster Than Bank Credit During 2011-15: RBI
Infosys To Announce Q2 Results On 12 October

Sebi Asks Mfs To Explain Corporate Bond Investments
IDFC Alternatives To Buy Operational Road Projects
Finance Ministry Falls Short On Promised Contribution To EPS
India Acquiring Energy Assets Through The Oil Price Roller Coaster
Sensex Ends 151 Pts Down On Caution Ahead Of US Fed Meet, Nifty Settles At 7,829
Expecting Quick Reforms In India Unrealistic: US Official
Reliance Jio Launches Unlimited Free Wi-Fi At Select Places In Mumbai
Govt Cuts Import Tariff On Gold, Silver
India Home To 1.98 Lakh Millionaires; 11th Largest Globally
Govt Looks To Settle `3L Cr Combined Discom Debts
Vedanta-Cairn India Merger Gets Go Ahead From Bourses
ING Merger Will Boost Kotak Life’s Bancassurance Business
IOC To Invest Rs 1.75 Trillion Over 7 Years
TAM Acquires Thai Electronics Brand Abaz World
Fis Allowed To Invest Through Partly Paid Shares