Morning Business News Round Up_July 27, 2018

  •  Iran extends insurance cover to keep oil flowing to India
  •  DoT gives final nod to Vodafone-Idea merger
  •  Hindalco arm to buy US-based Aleris in $2.58b deal
  •  About 2L jobs lost due dumping of Chinese solar panel
  •  ‘RCom’s spectrum cancellation will jeopardise recovery’
  •  HPCL cancels the purchase of an Iranian oil cargo
  •  Image result for ITCITC Q1 net profit rises 10.07% at Rs 28.19 billion, beats estimates
  •  Aion-JSW Steel to pay Rs 29 bn to pick Monnet’s 74.3% equity
  •  Inbound FDI from tax havens shoot up in FY18
  •  Price of iron ore fines jumps by 17%, lumps by 11% as steel prices soften
  •  Tata Steel’s Bhushan Steel acquisition hits NCLAT hurdle, may get costlier
  •  Dr Reddy’s June qtr net surges over six-fold at Rs 4.56 bn on turnaround
  •  Bharti Airtel Q1 net profit plunges 73% to Rs.97 crore
  •  Pepper imports by EoUs and SEZs exempt from price control: DGFT
  •  Govt panel comes down hard on pharma firms over fixed-dose combination drugs
  •  Import duty on consumer durables may go up
  •  At 1 lakh new jobs, hiring will be flat in FY19: Nasscom
  •  HDFC AMC IPO attracts strong demand, subscribed over 5 times on Day 2
  •  US SEC steps up probe into ICICI Bank’s accounting practices
  •  CESC Q1 profit rises to ₹182 crore
  •  Qualcomm walks away from $44 billion NXP bid, will buy back $30 billion of shares
  •  Jyothy Lab Q1 profit rises 57% to ₹32 crore
  •  ASCI pulls up Tata Steel, Xiaomi, 87 others for misleading ads
  •  AccorHotels drops bid for Air France-KLM stake
  •  Indian IT companies becoming true multinationals, says NASSCOM
  •  US wants to reduce trade deficit with India soon, says official
  •  India surpasses Japan in steel production
  •  Irdai wants standardised exclusions in health policies
  •  Nirav, Choksi summoned under new fugitive law
  •  Voda-Idea merger creates $23 billion telecom giant
  •  Govt hopes FY19 may see at least one case of PSB merger