Morning Business News Round Up_ Sep 10, 2018

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  •   No question of a monopoly in telecom sector: Telco Min
  •   ‘Centre hiked excise duty 12 times on petrol, diesel’
  •   India may impose anti-dumping on some Chinese steel
  •   Image result for insurance industryInsurance industry to touch $280 bn by FY20: Assocham
  •   1 in 3 Indians has proper retirement plans, finds study
  •   Indian paper industry growing at 6-7% says official
  •   ‘Per capita spending on legal aid in India is Rs 0.75’
  •   Sebi may delay extending trading hours at derivatives markets till 11.55 pm
  •   After striking off 70,000 shell firms, govt axe to fall on another 100,000
  •   Govt grappling with measures to regulate virtual currencies despite RBI ban
  •   NTPC approves Rs 97.85 bn investment for expansion of Talcher power plant
  •   Reliance Retail buys 16.31% in Genesis Colors, acquires stake in 5 more cos
  •   Icra downgrades ratings of IL&FS loans, debentures to ‘junk’ status
  •   WTO: US rejects India’s request to join Russia in dispute against duties on steel, aluminium
  •   Mature economies accept dependence on coal-sourced energy
  •   President Kovind invites Czech defence cos to manufacture in India
  •   0Affle buys Vizury’s re-targeting, push notifications biz
  •   FPIs pull out Rs 5,600 cr in just 5 trading sessions
  •   In a U-turn, SEBI panel to allow NRIs, PIOs to hold non-controlling stakes in FPIs
  •   Department of Posts to set up insurance firm in 2 years
  •   NMDC seeks exploration license for Tungsten in Australia
  •   Seven of top 10 firms lose Rs.75,684 crore in m-cap last week, HUL worst hit
  •   RBI may conduct OMO buyback this week to ease liquidity, say bankers
  •   RBI imposes a total penalty of Rs.3 cr on 3 PSU banks
  •   IRDAI to set timeline for LIC to cut stake in IDBI Bank to 15%
  •   Sebi may summon Kochhars soon; board to discuss coordinated efforts with government, RBI
  •   ICPA opposes Air India move to recover over-time flying allowance
  •   600-700 Indian companies acquired annually: CII-PwC report
  •   Recoveries from stressed assets continue to elude
  •   Essar Steel bids to be opened today
  •   Investment limit for EB-5 visa to remain same till December
  •   OVL declines Venezuela’s offer of more stake in oilfield