Morning Business News Round Up_ August 2, 2018

  •  RBI assures debt market of more liquidity
  •  No formal communication on NHPC stake sale: NTPC
  •  Image result for gst lawsCabinet clears changes to GST laws, to be placed soon
  •  Bank fraud: ED to request 6 countries for assistance
  •  ICICI Bank warns against increased regulatory scrutiny
  •  Unemployment to stay at 3.5% in India: ILO
  •  New proposal to clean up NPA mess may cost banks Rs 50,000 cr
  •  Piramal set to demerge pharma, finance arms, list them on stock exchange
  •  Possibility of currency wars risk to India’s growth: RBI Governor
  •  RBI hikes repo rate by 25 basis points to 6.50% amid inflation concerns
  •  Centre clears GST refund worth Rs 543.78 bn of exporters till July end
  •  China accounts for 89% of India’s total solar cells imports in 2017-18
  •  Sebi wins Australia court case against group accused of financial fraud
  •  UPI transactions decline 4.5% in July
  •  LIC takeover may see infusion of Rs.13,000 crore in IDBI Bank
  •  Elgi Equipments acquires Sydney-based Pulford Air & Gas
  •  Apollo Tyres net up three-fold at Rs 252 cr in Q1
  •  ArcelorMittal Q2 net income up at $1.9 bn
  •  MCX Clearing Corporation gets SEBI nod; may start operations soon
  •  NCLAT tells Bhushan Power lenders to submit revised plans by Monday
  •  ICICI Bank makes disclosures on Chanda Kochhar in US SEC filing
  •  Amrapali Group’s bank accounts, movable properties attached for defrauding homebuyers
  •  Hero MotoCorp sales up 9 pc at 6,79,862 units in July
  •  Tesla plans $5 billion investment in Chinese factory
  •  Bank ombudsman scheme to be strengthened: RBI
  •  RBI rate hike reflects uptick in credit demand: Industry
  •  TRAI recommends spectrum pricing changes for next auction
  •  FRDI Bill withdrawn on public concerns, says FM Piyush Goyal
  •  Indian consumer sentiment hits record high in July, says report
  •  SMEs want big firms sitting on payments removed from RoC
  •  Maruti sales decline, announces price hike
  •  Rural demand, farm income set to grow: RBI
  •  Skymet predicts below normal rains this monsoon