Morning Business News Round Up_May 3, 2018

  • ‘Manipal-led bid for India’s Fortis faces objections’
  • Fed maintains status quo, says inflation close to target
  • Related imagePower Grid board approves investment of Rs 461 crore
  • India, US to boost cooperation in Indo-Pacific region
  • CBI may soon file charge sheet in PNB Scam
  • Govt to pay Rs 1,540 cr to cane growers on mills’ behalf
  • NCLT orders Binani lenders to consider UltraTech bid
  • Over 23,000 bank fraud cases involving Rs 1 trillion in 5 years: RBI
  • Govt approves continuation of merged agri schemes with Rs 332.6 bn outlay
  • 9 cos in fray for 55 blocks under first OALP auction; Vedanta bids for all
  • Amazon makes formal bid to buy 60% stake in Flipkart: Reports
  • IndiGo Q4 profit plunges 73% on higher expenses at Rs 1.18 billion
  • Recognition of bad loans will produce benefits over long-term: Moody’s
  • Revenue dept to look at quarterly GST revenues average for trend analysis
  • 11 farm schemes, with over Rs.33,000-cr outlay, merged
  • Hero MotoCorp Q4 profit jumps 35%
  • NBCC wins Rs.2,000-cr govt order
  • Siemens net up 18% in March quarter
  • HCL poised to replace Wipro as No. 3 IT firm
  • Job losses from tech adoption a risk for nations: ADB
  • Marico Q4 profit rises 7% at Rs183.2 crore
  • Sebi said to probe IndiGo stock fall before company filing: report
  • Vedanta considers building zinc smelter in South Africa
  • Ajanta Pharma Q4 profit down 17% at Rs94 crore
  • Kotak Mahindra Bank, HDFC twins, ITC steer Sensex in green; PSU banks, real estate, metals crack
  • India?s economy likely to grow at 7.3 pct this fiscal:Report
  • Govt approves Rs 5.5 per quintal subsidy for sugarcane farmers
  • Tata Power posts Q4 profit at Rs 1,477 cr, declares 130 pct dividend for FY18
  • Rupee may hit Rs 68-70/$1 by fiscal-end
  • 89% of organisations plan to implement AI technologies in the next 12 months
  • India falls out of top 10 in FDI index
  • Assets of offshore Indian bonds double to $8b in 17
  • EPFO suspends Aadhaar-seeding services amid data leak reports

Morning Business News Round Up_May 2, 2018

  • Core sector growth slows to 4.1% in March
  • RBI allows FPIs to invest 20% in short term securities
  • NCLAT directs status quo in Electrosteel sale case
  • ETMONEY launches CreditLine, forays into lending
  • CBI probing loans to Aircel ex-promoter: IDBI Bank
  • Image result for HyundaiHyundai sales up 6% in April at 59,744 units
  • New telecom policy sets a target of $100-billion investment by 2020
  • L&T to sell electrical and automation business to Schneider for Rs 140 bn
  • Air India sale: Centre eases bid conditions, extends deadline to May 31
  • Essar lenders to meet ArcelorMittal, Numetal on May 2 to discuss offers
  • Maruti Suzuki India April domestic sales up 14.4%; exports up 19.1%
  • Govt puts rest to speculation on FDI hike in PSBs, privatisation
  • GAIL signs Rs 20 bn loan agreement with SBI to meet capex requirement
  • Mahindra & Mahindra sales up 22% at 48,097 units in April
  • Oil PSUs freeze fuel prices ahead of Karnataka polls
  • GST revenues for April cross Rs 1-lakh crore mark
  • M&M to buy up to 10% stake in Canada?s Resson Aerospace Corp
  • Fortis gets improved offer from IHH Healthcare at Rs.175/share
  • Royal Enfield sales up 26.67% in April at 76,187 units
  • GAIL signs Rs2,000 crore loan agreement with SBI
  • JSW Infra plans Rs8,800 crore investment in next 3 years
  • Kuwait Petroleum eyes 24% stake in Bina refinery: report
  • SBI not to hold its annual accounts meeting in Kolkata from this year
  • Operational creditors file plea opposing Alok Industries’ liquidation
  • Equis looks to sell its power platform in India Hydreq for Rs2,000 crore
  • Huge potential for trade between India, southern Africa countries: Suresh Prabhu
  • Power gencos for changes in Coal India?s proposed pricing system
  • Identify India?s current stage of economic cycle and invest accordingly
  • DGAD refuses dumping duty on a chemical from Chinese Taipei, South Korea
  • Draft policy envisions lower taxes, universal broadband access
  • Market sees Korean peace overtures as long-term positive
  • Retrospective amendment to Raj PSC puts Cairn in a spot
  • Trump keeps allies guessing on steel tariffs ahead of deadline
  • Biofuels to pave way for reducing India?s carbon footprint

Morning Business News Round Up_April 27, 2018

  • YES Bank Q4 profit jumps 29% YoY to Rs 1,179 cr
  • Axis Bank posts first-ever quarterly loss at Rs 2,188 crore
  • Image result for Mobile-Aadhaar linkingMobile-Aadhaar linking: Telcos say obeyed DoT orders
  • Biocon posts marginal 2% growth in net for Q4FY18
  • CBI books ex-Aircel promoter’s firms in Rs 600 cr fraud
  • Infosys may hire more than 2000 at Indiana hub: Report
  • Downtrend in raw jute output takes sheen off MSP hike
  • Essar Steel: Numetal moves NCLAT ahead of bankers’ meet on Friday
  • Lodha Developers to soon file papers with Sebi for IPO, to raise Rs 55 bn
  • Reliance Jio to hire about 80,000 people during this financial year
  • India to grow 7.2% this fisc, rising oil prices challenge: Deloitte
  • China-India trade volume grows 15% in Q1
  • Cotton body sees a stable situation on higher stocks
  • Govt considering national policy for retail trade
  • Abbott withdraws one more stent from Indian market
  • UltraTech Cement net a tad down in March quarter
  • With 2.2 billion active users, Facebook Q1 profit rises 63%
  • Reliance Capital Q4 net profit up 36% at Rs428 crore
  • SBI Life Q4 profit up 13% to Rs381 crore
  • Dish TV’s Rs3,701 crore open offer to start on 5 June
  • Property prices drop by 7% in 9 cities in January-March: report
  • IMF estimates higher crude oil prices may not have any significant impact on India’s GDP
  • Government to soon acquire RBI?s stake in National Housing Bank
  • ITC ties up with NITI to train 2 lakh farmers to increase income
  • Need for serious negotiations on US-India free trade agreement, say experts
  • Amazon India to expand storage capacity by 1.5 times this year
  • Mobile manufacturing to touch Rs 132,000 cr, says Ravi Shankar Prasad
  • Sensex zooms 212 pts, Nifty tops 10,600
  • MTNL wants govt to reimburse Rs 2,800cr interest on spectrum loan
  • Gems & jewellery exports fall 5% in FY18
  • Direct selling industry reports 24% sales rise
  • Govt non-committal on cutting fuel prices

Morning Business News Round Up_April 26, 2018

  • Nasdaq open to cryptocurrency exchange in future
  • Manipal again sweetens offer for Fortis Healthcare
  • HDFC Bank hikes FD rates for amount under Rs 1 cr
  • Troubled telecom client drags Wipro’s Q4 profit down
  • Internet shutdown cost Indian economy $3 bn: Study
  • PNB to hire detective agencies to recover bad loans
  • Rupee crashes 52 paise to 14-mth low against dollar
  • Patanjali denies making Rs 9k-crore bid for Ruchi Soya
  • Bank credit grows 12% to Rs 85 trillion in fortnight ended April 13: RBI
  • Insolvency row: NCLT stays Union Bank’s plea against debt-ridden Era Infra
  • Related imageBitcoin to continue facing regulatory hurdle amid crypto crackdown: Moody’s
  • 20 million e-way bills generated for movement of goods in 24 days: GSTN
  • Govt hikes raw jute MSP by Rs 200 to Rs 3,700/quintal for 2018-19
  • Sebi lifts market ban on 34 entities in Dhyana Finstock case
  • Indus Towers to merge with Bharti Infratel to create world’s largest tower co
  • India’s average GDP growth may rise to 7.8% in H1: Nomura
  • Bank credit grows at 11.52%, deposits at 7.96%
  • CBI charge-sheets Mercator’s Mittal, four DCI officials
  • Videocon approaches NCLT to list all insolvency cases together
  • Zydus Cadila gets USFDA nod to market 2 drugs
  • India issues fresh notices to Facebook, Cambridge Analytica over Indians’ data misuse
  • ICICI Prudential Life gives more bang for the buck
  • India shows jobs growth as 3.11 million join EPF in six months
  • IDFC Bank to raise up to Rs5,000 crore via bonds
  • Tata Power Renew may invest Rs6,100 crore in Andhra, Karnataka solar power projects
  • Jindal Stainless Q4 profit drops 29% to Rs114.74 crore
  • Arun Jaitley attends Cabinet meeting, to chair GST Council meet on May 4
  • India inks $125 mn loan pact with World Bank for inclusiveness project
  • Cabinet approves restructured bamboo mission with outlay of Rs 1,290 cr
  • Anmol Ambani enters boards of Reliance Nippon Life AMC, Reliance Home Finance
  • Grain target for 2018-19 set at 284 mt, kharif MSP to be raised
  • New jobs decline by 1,32,482 in Feb: EPFO
  • New Nifty index to track equity savings funds
  • Piramal Housing Finance aims to double assets
  • Currency hoarding on despite govt, RBI assurance

Morning Business News Round Up_April 25, 2018

  • India may face pressure to cut duties on 90% of goods traded with China
  • Bharti Airtel Q4 profit plunges 78% YoY to Rs 83 crore
  • No work for H-1B spouses to affect US firms: Nasscom
  • Image result for tax benefitOne in four employees unaware of tax benefits: Survey
  • Reliance Jio added 8.74 million users in February: Trai
  • Govt meets Rs 10L cr credit disbursal target for FY18
  • Malaysia’s IHH revises offer for Fortis Healthcare
  • Oil crosses $75 mark, highest since 2014 OPEC meeting that led to pump war
  • Gujarat’s GNFC turns long term debt free, posts 51% rise in PAT for FY’18
  • Tata Steel Kalinganagar misses crude steel output target in FY18
  • IDFC Bank Q4 profit falls 76% to Rs 419 mn as bad loan provisions surge
  • Bankruptcy cases: Resolution professionals under attack from bidders, NCLT
  • NMDC to increase mining capacity to 50 mt by 2019-20
  • Reliance Naval plunges over 13% as auditors raise doubts over co’s future
  • Bank fraud: ED attaches assets worth Rs 1,122 cr of Vadodara-based Diamond Power
  • Duty likely on chemical import from four nations
  • Essar sells commercial property in Mumbai to Brookfield for Rs.2,400 cr
  • NCLT reserves order in Binani Cement hearing
  • Google unveils new search experience for job-seekers in India
  • Kotak approves debt resolution plan for Monnet Ispat
  • ICICI Home Finance aims Rs30,000 crore loan book in 3-4 years
  • Walmart sees Flipkart as key to atone for missteps in China
  • Trai can’t fine telcos for not disclosing discounts on tariffs: TDSAT
  • Capital Float raises $22 million equity funding from Amazon
  • SC to hear RCom plea against rejection of time extension to pay for deferred spectrum liabilities
  • Nepal, India discuss revising transit treaty
  • Trump Trade War Spurs India to Import More Oil, Drones From US
  • Duty-free shops at international airports not outside GST ambit: AAR
  • India tops list for flagging inappropriate content on YouTube
  • MTNL revival plan on, DoT panel meeting regularly, says CMD PK Purwar
  • Tdsat stays Trai’s new market power, tariff reporting norms
  • Piramal Housing Finance aims to double assets
  • Silver imports from China soar 270% in 2017
  • Rising provisioning likely to cause losses in PSBs
  • Retail investors get online access to gilts
  • Cabinet may clear IBC ordinance today

Morning Business News Round Up_April 24, 2018

  • Crude import bill may rise 20% in FY19 on soaring prices
  • Trai asks Aircel to refund security deposits of users
  • Thai firms keen to invest $3 billion in India
  • Electrosteel acquisition is credit positive: Moody’s
  • Coal supply to power plants may remain tight: KPMG
  • Race for Fortis: IHH may file binding offer before April 25
  • Image result for tcs 100 billionTCS becomes first Indian IT co to hit $100 bn m-cap
  • Patanjali puts in Rs 9,000 crore bid for Ruchi Soya
  • India highest recipient of remittances at $69 billion, says World Bank
  • Apex court denies relief to Binani Cement operational creditors
  • Insolvency: JSW writes to CoC on inviting fresh bids for Essar Steel
  • Tata Power, Adani, ReNew Power jostle for space in Odisha to set up units
  • Oil dips to $74 as rising US yields steer bulls amid rising crude output
  • Time ripe to consider ?pre-packs? under insolvency: NCLT President
  • Liberty House sole bidder yet again for ABG Shipyard
  • Finmin not for cut in excise duty on petrol, diesel
  • Industry, govt think-tank to discuss national e-comm policy
  • Reliance Infrastructure Q4 net rises to Rs 160.14 cr
  • Lupin gets USFDA nod to market Tetrabenazine tablets
  • New industrial policy to be announced soon: Suresh Prabhu
  • True North in talks to buy 26% stake in Federal Bank?s NBFC
  • Salil Parekh sets 3-year target to stabilize, turn around Infosys
  • Edelweiss, Kotak may buy Avantha?s Rs4,300 crore debt
  • ICICI Securities IPO under Sebi scanner
  • AGS Transact to make third attempt at IPO, aims to raise up to Rs1,000 crore
  • Anti-profiteering: NAA’s 1st order goes against consumer
  • 10 states account for over 83 pc of e-way bill generation, Gujarat tops chart
  • Xi Jinping, Narendra Modi to discuss US? ?protectionist? trade policy, unprecedented developments
  • US sanctions on Rusal to hit profitability of Indian auto firms, says Icra report
  • Private life insurers increase market share in new business premiums in FY18
  • Rupee seen hitting 13-month low of 66.80/$1
  • RBI refuses to budge on new NPA rules, infra sector may get hit
  • Bond St mystery: Unknown investors purchase Rs 5,734 crore debt in a day

Morning Business News Round Up_April 23, 2018

  • IMF unveils new corruption policy for member states
  • US-China trade war to hurt global growth: EIU
  • TCS bets on Business 4.0 to push digital revenue to over $5 billion
  • Sebi may seek forensic probe of ICICI Bank books
  • Ordinance against fraud fugitives gets President’s nod
  • E-commerce think tank to hold first meet on April 24
  • Russia adds Google IPs to registry of banned sites
  • India’s crude steel output to soar by 38% to 140 million tonnes in 2018
  • Ahead of merger with Vodafone, Idea’s 100% FDI proposal under consideration
  • Goa Shipyard to go public next year; eyes Rs 50-bn revenue in 5 years: CMD
  • IIFCL tears into Jaypee Infra bid evaluation process, calls for fair review
  • FPI outflow in April at Rs 80 bn on trade negotiations, rising bond yields
  • Indian ‘elephant ready to run’ after sustained economic reforms: IMF official
  • Govt will roll out a red carpet to foreign steel cos?
  • India’s GDP expected to reach $5 trillion by 2025: Economic Affairs Secretary
  • Real GDP growth may expand to 7.4% in 2018-19: RBI Governor
  • Fugitive economic offenders Ordinance gets Cabinet nod
  • TCS platform enables transparent data-sharing
  • World Bank approves $13 billion capital boost as US drops objection
  • HDFC Bank Q4 net profit rises 20% to Rs4,799 crore
  • L&T sells Bengaluru land parcel to Phoenix-CPPIB platform for Rs650 crore
  • Investors in IBC companies face a harsh reality
  • Tata Motors’ market share in commercial vehicles rises to 44% in FY18 on turnaround strategy
  • Image result for FlipkartFlipkart could sell controlling stake to Walmart as early as next week
  • IBC, RERA conflict apparent in some bankruptcy proceedings: Assocham
  • Mahindra Electric ties up with Meru for e-vehicle project
  • RP tells NCLT Rewant Ruia end beneficiary of Numetal
  • India calls for increase in voting rights at World Bank
  • IMF, World Bank must develop strategy for enhancing public debt transparency: India
  • US Hints at China Truce as World Warns of Trade-War Threat
  • RBI circular barring banking service for crypto-currencies challenged in HC
  • Nickel gains on possible sanction worries
  • OTC biz to contribute 15-20% to revenues
  • US-China trade war boosts cotton exports

Morning Business News Round Up_April 20, 2018

 

TCS Q4 profit rises 4.5%; approves 1:1 bonus issue

WhatsApp leaks case: Sebi scanning Facebook likes

NCLT rules 2nd round of bids for Essar Steel invalid

Fortis board to form committee to evaluate bids

RIL-BP sanction satellite gas field in KG-D6

Image result for shipping industryBlockchain all set to revolutionise shipping industry

Withdraw up to Rs 2,000 via PoS free of charge: SBI

CCI slaps Rs 215 cr fine on Eveready, Indo National

IMF lauds India for ‘right policies’ to lower debt, bats for transparency

Oil soars to 3-yr high as Saudi withholds supply, seeking $80-100 a barrel

As part of $4.2-bn global deal, P&G to acquire Merck India for Rs 12.9 bn

HDFC life Q4 PAT up 24% at Rs 11 billion in FY18; total premiums rise 21%

 

IndusInd Q4 net up 26% at Rs 9.5 bn; divergence seen with RBI on NPA data

Some MPC members doubt if growth would be sustainable: RBI minutes

Net interest income boosts IndusInd Bank net profit up 27%

Group of shareholders seek removal of 4 directors: Fortis

Godrej Security eyes 20% growth in home safes biz

Metal stocks drive Sensex up 96 points; Tata Steel soars 3.2%, YES Bank 2.83%

Rupee dips to 65.80 on dollar demand, rising crude oil prices

Metal stocks shine as LME aluminium hits near 7-year high

RCom tower, fibre assets sale plan suffers setback

Warburg set to exit Avtec, sell 30% stake to CK Birla Group

No relaxation in new bad loan rules, indicates RBI

Government?s fighter jet tenders may be worth Rs1 trillion

SSG Capital buys 47% stake in Shapoorji Pallonji Finance

RBI minutes: Urjit Patel in favour of more data before changing policy stance

US may reject India’s plea to join China in tariff dispute

NCLT directs Essar Steel lenders to consider Numetal, ArcelorMittal bids

‘Jio-fication’ propels Mukesh Ambani to World’s Greatest Leaders List

Group of Ministers proposes ?One Nation One Tax? for commercial vehicles

RBI to recoup forex reserves despite being put on US watch list, says report

India to invest more than 1 billion pound in UK

MSME ministry to hold global SME convention this month

SC allows Sahara to sell properties in Aamby Valley by May 15

FTTL raises 2nd tranche of funds

India leads South Asia in occupational frauds

Defence stocks start rising after Expo boost

Base metals surge on fears of supply disruptions

Morning Business News Round Up_April 18, 2018

 

China’s Fosun emerges as the 4th contender for cash-strapped Fortis

RBI Governor called by parliamentary panel on May 17

1.55 L post offices to be empowered as Payments Banks

Image result for rbi RBI ramps up printing of currency notes

India to grow at 7.4 per cent in 2018: IMF

Swedish cos to invest 1.1 billion dollars in India

Rupee tanks to near 7-mth low of 65.64 a dollar

NCLT approves Vedanta’s resolution plan for insolvent Electrosteel

IMF sees world economy weaker post-2020, lifts US estimate to 2.9%

Rs 29-bn Rotomac case: CBI questions former Bank of Baroda CMD, 5 others

Bharat-22 ETF follow-on offer could be worth Rs 100 bn: Finance Minnistry

Higher tariffs could harm market sentiment, disrupt supply chains: IMF

GST to cut construction costs, not housing prices: report

India, US announce joint task force on natural gas

Crisil Q1 net jumps 14% on cost-control, better margins

Indian Hotels enters Saudi with first Taj hotel in Makkah

Marico to acquire up to 22.5% in Revolutionary Fitness

NHPC’s 50 MW solar project synced with grid

Aditya Birla Group in talks to raise $1 billion for Idea Cellular

Kedaara Capital may buy Munjals’ Sunbeam Auto for Rs650 crore

Mahindra & Mahindra joins Rs1 trillion market cap club

Crypto-exchange CoinRecoil challenges RBI order on cryptocurrency in Delhi HC

Deutsche Bank said to shelve $4.6 billion India portfolio sale

Indian investment proposals in France jump 73% in 2017

Six more states to launch intra-state E-way bill from April 20

Cash crunch: RBI clarifies sufficient cash in currency chests, printing of notes ramped up too

Glenmark Pharma to begin phase 2b clinical trial of atopic dermatitis drug

Government contemplating industrial health clinics for sick MSMEs

Govt raises FY19 highway project award target to 20,000 km: Gadkari

MFs get over Rs 67K cr from SIPs in FY18

IPO-bound HDFC AMC posts 31% rise in FY18 profit

CBI files Rs 621cr Punjab & Sindh Bank fraud case

Morning Business News Round Up_April 16, 2018

 

  • ‘Chinese investment risks Pak running into debt trap’
  • Auditor BDO flags rule violations in Educomp deals
  • Image result for icici lombard logoICICI Lombard frontrunner for Star Health
  • Saudi against US plan to transfer embassy to Jerusalem
  • Banks’ NPAs to rise by Rs 8,000 crore in Q4
  • Tata Steel India posts highest output at 12.48 MT
  • Eight of top 10 firms add Rs 83,672 crore to m-cap
  • Govt raises Nabard’s authorised capital to Rs 300 bn to aid rural economy
  • PNB scam: ICAI sends notices to statutory auditors of Brady House branch
  • NITI Aayog VC says India will not take sides in US-China trade spat
  • India to work with China against OPEC’s ‘Asian Premium’: Pradhan
  • Lakshadeep emerges front-runner for Jaypee Infratech with Rs 73.5-bn bid
  • Business as usual: RBI crackdown fails to deter bitcoin traders
  • Maruti hits top gear, gaining more of passenger car market share in 2017-18
  • CBIC details procedures on e-way bill verification, inspection of goods
  • French defence major Thales sees India as manufacturing, export hub
  • Balmer Lawrie looking at organic growth across businesses
  • RIL, JM Financial bid to acquire Alok Industries rejected
  • I-T dept seizes Rs 440 cr dividend income of Cairn Energy
  • RBI scrutiny in 2016 found no ?quid pro quo’ in ICICI Bank loans to Videocon
  • Embassy to invest $1 billion on warehousing space, says CEO
  • IDBI Bank prepares roadmap for NPA reduction, improving financial health
  • Facebook doesn’t use WhatsApp payments data for commercial purposes: WhatsApp
  • Blackstone’s new $4 billion fund gives India top billing
  • RBI ban on Letters of Undertaking: Switch to local credit may squeeze liquidity
  • Electrosteel Insolvency case: IBBI fines Electrosteel resolution professional
  • Insolvency and Bankruptcy Code effect: Banks stare at large haircuts
  • Intra-state E-way bill rolled out in 5 states including Gujarat & Kerala
  • India to rank among top 5 cosmetics markets
  • Aluminum surges on supply constraint fears
  • Mid- & small-cap segments bound to grow in years to come
  • Guar gram prices may rise on exports demand
  • 19  coalmines auction likely this quarter
  • NPA maze: Govt for scrapping of one-day default norm