Morning Business News Round Up_July 28,2016

Morning Business News :

  • Cabinet approves amendments to GST bill, removes 1% addl tax
  • SBI to refinance Rs 28,000cr in RCOM-Aircel merger
  • Wall Street ends lower after Fed keeps rates unchanged
  • RBI slaps penalty on 13 banks for FEMA violations
  • SBI kick-starts merger ops, appoints external parties
  • Govt drops plan for Rs 17.5k crore funds for telecom R&D
  • RPG Life Sciences to acquire Sun Pharma’s brands
  • SBI-Macquire in talks to buy Moser Baer’s power assets

  • Trade advisory issued against Chinese firms
  • Govt plans greater role in RBI’s debt market operations
  • Shinzo Abe’s $265 bn stimulus plan puts pressure on BOJ to ease
  • Lok Sabha passes Benami Transactions Amendment Bill
  • Sahara spurns $1.3 bn new offer for overseas hotels
  • Bharti Airtel reports 30% less profit at Rs 1,462 cr in Q1
  • JSW Steel reports highest ever quarterly PAT at Rs 1,109 crore
  • Analog Devices to buy chipmaker peer Linear for $14.8 bn
  • India orders four maritime spy planes from Boeing for $1 bn
  • YES Bank gets SEBI nod for sponsoring mutual fund
  • Stalled infra projects cause cost overrun of ₹1.6-lakh cr
  • Dr Reddy’s pins hopes on new molecules to invigorate profits
  • MRPL board to consider raising public holding to 25%
  • Apple’s plan to open retail stores in India on track
  • China’s Fosun to buy Gland Pharma for $1.3 billion
  • RBI’s forex war chest gears up for uncertainty
  • Maharashtra govt orders CAG audit of Tata Power, Rel Infra
  • Bajaj Auto Q1 profit rises 2% to Rs978 crore
  • RBI asked SBI to rein in CSR spending: Arundhati Bhattacharya
  • Yes Bank Q1 profit rises 32% to Rs731 crore
  •  Cabinet hikes limit for foreign investment in markets to 15%
  • Sensex closes 48 points up in choppy trade, Nifty settles above 8,600
  • Amtek looking to sell non-core business, stake in overseas companies
  • China considers crackdown on risky wealth management products: Draft rules
  • Monsoon to push GDP growth to over 8%: Panagariya
  • NAREDCO seeks easy bank finance for realtors
  • China’s LeEco to buy US TV maker Vizio for $2b
  • Canara Bank gets shareholders nod to raise capital
  • States asked to speed up implementation of e-NAM
  • Defence PSUs can float JVs with foreign firms

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