Morning Business News Round Up_Jan 23, 2018

Morning Business News :

  • Gross NPA may rise to Rs 9.5L crore by March: Study
  • ‘Tata Sons must consider buying out SP Group’s stake’
  • India sees scope for more integration among oil cos
  • HPCL may acquire MRPL in cash, share-swap deal
  • NCLT seeks McD reply on showcause notice
  • Oil ministry seeks cut in excise duty on petrol, diesel
  • RoC halts registering new cryptocurrency exchanges under Companies Act
  • Axis Bank Q3 profit up 25% to Rs 7.2 bn as net interest income grows
  • Ashok Leyland eyes 5-fold increase in light CVs’ export; to invest Rs 4 bn
  • Budget 2018: Agri-credit likely to increase to Rs 11 trn for better flow

Image result for Budget 2018

  • Tencent-backed Practo sees losses triple to Rs 1.9 b in FY17
  • India ranks 62nd on WEF’s Inclusive Development Index
  • GNFC registers highest-ever performance in December
  • India’s richest 1% corner 73% of wealth generation: Oxfam
  • Sanofi to buy Bioverativ for $11.6 billion
  • US FDA completes inspection of Shilpa Medicare Raichur units
  • IFMR Capital facilitates SPiCE bond transaction
  • IMF sees India GDP growth at 7.4% in 2018, China’s at 6.8%
  • World Gold Council investigates standard for gold kilobars
  • CPPIB to invest $144 million in ReNew Power Ventures
  • RBI, govt may give banks more time to switch to IndAS
  • Siemens Gamesa bags orders for 326MW wind power capacities
  • Tiger Global is said to take a $1 billion stake in Barclays
  • Nearly 4% of GDP is lost due to malnutrition, says Assocham, EY joint report
  • India asks Germany to help relax new EU rice import rule
  • Tiger Global is said to take a $1 billion stake in Barclays
  • India’s richest 1% corner 73% of wealth generation: Survey
  • Larsen & Toubro launches second offshore patrol vessel
  • India’s rising government bond yields are credit negative for its public-sector banks
  • Govt has run away by classifying NSEL crisis as private dispute: Charry
  • Goa miners expect lifting of iron ore limit by SC
  • Sugar prices tumble on panic sale by mills
  • Silver imports nearly doubled in 2017, thanks to GST