Morning Business News Round Up_SEPT 12th, 2019

Morning Business News:

  • SBI to sell 4.5% stake in SBI Life for Rs 3,465 crore
  • Hong Kong Exchange makes $39 bn bid for LSE
  • India wants industry protected in RCEP deal: Goyal
  • Indian high tech sector has the potential to attract $21 bn
  • PNB, UBI & OBC forms groups to oversee a merger
  • NCLAT impleads Sebi as a party in the plea filed by RIL in Alok Industries matter
  • ONGC signs MoU with Assam to invest Rs 13,000 cr for exploration
  • India hopes to tap $1-billion of jewelry export opportunity to the US
  • China exempts 16 US goods from retaliatory tariffs ahead of trade talks
  • Tata Motors global sales decline 32% to hit 72,624 units in August
  • JSW’s August crude steel output dips 13% YoY to 1.25 million tonnes
  • India to align trade remedy rules with global best practices
  • India agrees to lower import duties on Indonesian palm oil

Image result for bond market

  • Azim Premji, group cos sell ₹7,300-cr worth shares in Wipro buyback
  • IL&FS gets bids worth ₹13,000 cr for road assets
  • Cyient signs pact with UK defense firm QinetiQ Target Systems for unmanned target systems avionics
  • Strides Pharma buys 70% stake in Switzerland’s Farmed Healthcare
  • Warburg Pincus exits ICICI Lombard; sells remaining 2.7% stake for $194.5 mn
  • Schneider expects to complete L&T’s electric unit acquisition by early 2020
  • India plans to set up ultra mega solar parks worth $1.5 billion each
  • Adani Power’s Tiroda plant gets MERC nod for higher coal price
  • HDFC Bank doubles mid-corporate loan book to over Rs 90,000 crore in 3 years
  • Advance intimation of steel imports will help the industry face challenges
  • Rupee rises by 5 paise to 71.66 vs USD, extends gains for 5th day
  • Gold prices fall Rs 372; silver to drops Rs 1,150
  • Blackstone plans Rs 1.5,000 crore investment in Allcargo unit
  • Debt crisis hurts corp bond market