Morning Business News Round Up_Nov 4,2019

Morning Business News:

  • India to make South Asia the global growth center: IMF
  • ‘Over 3,400 branches of PSBs closed or merged in 5 yrs’
  • Stopped payment to creditors after court orders: DHFL
  • Yes Bank’s asset-quality woes to continue: Report
  • Maruti ‘cautiously optimistic’ on future sales
  • Thomas Cook India not part of the global sale to Fosun
  • Saudis may reduce Aramco IPO size to $1.6 trillion
  • FEMA norms may raise investment bar on foreign-owned mutual funds
  • Despite the unavailability of MAT credit, 60% of firms opt for the lower tax regime
  • The minimum wage for workers likely to increase in the next three months
  • MCA floats a new testing proposal to filter frivolous independent directors
  • McNally Bharat pins hope at strategic investors and partners for revival
  • Experts raise alarm bells on talent flight amid crackdown on audit firms

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  • US Treasury Secretary holds talks with RBI Governor Shaktikanta Das over the economy
  • NHAI terminates concession pacts of 2 IRB Infrastructure road projects
  • Siemens signs MoU with NTPC, TERI on decarbonization, energy transition
  • Unichem Labs Q2 net loss narrows to Rs 22.2 crore
  • SEBI directive: Banks start disclosing divergence in asset classification and provisioning
  • Traders’ body CAIT to launch a nation-wide movement against Amazon, Flipkart
  • Mutual fund houses approach Sebi with 125 new schemes in 2019 so far
  • Two-phased strategic disinvestment for BPCL likely
  • Prasad directs BSNL, MTNL to proceed quickly on VRS, asset monetization plans
  • Fundraising by PE, VC firms in January-September at a five-year high
  • Finance Ministry plans next tranches of CPSE, Bharat 22 ETFs in the fourth quarter
  • Yes Bank looking for $1.2 billion funding by December, give board seat to new investors
  • TCS, Wipro in the fray to manage Irdai‚Äôs Business Analytics Project
  • RERA officials to approach housing ministry for clarity vis-a-vis IBC
  • Power gencos’ outstanding dues on discoms rise 37 pc to Rs 70,000 cr in Sept
  • Germany to invest 1 billion euros for green urban mobility in India
  • RBI revamps departments for effective supervision, regulation of the banking sector