Morning Business News Round Up_ Nov 14, 2018

  • Tata Steel Q2 profit jumps 3-fold to Rs 3,604 crore
  • RBI to inject Rs 12,000 crore liquidity on November 15
  • Ashok Leyland first set of EVs to hit roads in Jan
  • Essel to sell up to 50% of promoter holding in ZEE
  • Sun Pharma posts surprise Q2 loss of Rs 219 crore
  • RBI needs to align capital adequacy norms
  • Sebi tightens disclosure, review norms for credit rating agencies
  • Reliance Infra wins Rs 161 million arbitration award against NHAI
  • Tata Sons begins due diligence to buy debt-ridden Jet Airways: Report
  • Hindalco to invest Rs 60 bn in downstream facilities in four years
  • Allahabad Bank to raise additional Rs 18-19 bn to shore up capital adequacy
  • Agritrade acquires SKS Power Generation in Rs 21.7 bn one time settlement
  • Attorney General in favour of imposing a cess on sugar
  • Jet Airways in talks to sell stake in luxury unit
  • Cotton crop estimate put at 373 lakh bales for 2018-19
  • Consultancy drives RITES’ net profit up by 59% in Q2
  • Ashok Leyland Q2 net jumps 37.50% to ₹459.50 cr
  • NCC net zooms by 134% to ₹125 cr
  • SoftBank commits another $3 billion in funding to WeWork
  • IHH acquires controlling 31.1% stake in Fortis for Rs 4,000cr
  • IL&FS board invites buyers for stake in two of its subsidiaries
  • Bank of India posts ₹1,156 crore loss in Q2 on surging NPAs
  • Mutual Funds SIP flow climbs 42% to Rs7,985 crore in Oct
  • Jindal Stainless warns of import surge if China trade deepens
  • NITI Aayog seeks more time to analyse GDP back series data; may release it by December-end
  • India emerges as leading seed hub in Asia
  • Adani gets SC nod to supply natural gas to three areas in Ahmedabad
  • China’s biggest bank to invest $200 million in Indian SMEs
  • US dollar hits 16-month high, yen boosted by risk-off sentiment
  • Essar creditor moves NCLT against Arcelor
  • Tata Motors seen as most vulnerable to hard Brexit
  • IndusInd calls off IL&FS Sec buyout
  • NBFC crisis lowers CFO optimism to 19-qtr low
  • India to rise from seventh largest economy to third by 2030
  • India’s solar capacity at 27.4 GW till September end: Report