Morning Business News:
- Government approves the allocation of 5 coal blocks
- RBI set to tighten screws on co-op banks
- Govt withdraws GST Circular on back-office services
- S&P keeps Airtel rating on negative watch
- Payment banks can convert into small finance banks after 5 years
- Maha govt wants PMC Bank to merge with MSC Bank
- RBI unexpectedly hits pause on rate cut; lowers FY20 GDP forecast to 5%
- The base year for calculating GDP revised due to socio-economic changes: Govt
- Moody’s downgrades Yes Bank’s ratings, assigns a negative outlook
- Nestle India prepares the ground as HUL-GSK Consumer merger nears
- M&M buys 36.6% in Meru for Rs 44.71 cr, to appoint the majority of directors
- Cardekho raises $70 million in Series D funding from Chinese, European investors
- Oil marketing firms’ bid to encourage alternative fuels
- Canada Pension Plan Investment Board to invest up to $600 million in NIIF
- CSIR, BHEL sign pact to develop and market technologies
- Zydus Cadila files an application for liver disease drug
- Saudi Aramco raises $25.6 billion in the world’s biggest IPO
- Billionaire Lawrence Stroll seeks a big stake in Aston Martin: Report
- Tata Motors board approves ordinary shares, warrants to Tata Sons
- Infra and manufacturing sectors disappointed with RBI’s policy stance
- DHFL insolvency process starts, investors’ claims sought
- Fitch Ratings says Indian banks to write off more loans
- Rajya Sabha nod to lower corporate tax rates
- 15th Finance Commission submits its report for 2020-21 to President
- No way privately-issued digital currencies can be allowed: RBI Governor Shaktikanta Das
- Corporate lending witnessing lack of demand: SBI
- NBFCs, MFIs & co-ops can now become SFBs
- P2P lending limit raised to Rs 50 lakh
- Markets end lower in see-saw trade as RBI surprises with status quo