Morning Business News Round Up_June 28, 2018

  • India to build two more strategic petroleum reserves
  • Thyssenkrupp, Tata Steel near compromise on JV talks
  • H-1B visa rules to hit Indian IT cos’ margins: ICRA
  • Govt plans to sell Air India’s Mumbai building to JNPT
  • Related imageAllahabad Bank seeks Rs 7,000 crore from government
  • Govt hikes ethanol price by Rs 2.85/litre for 2018-19
  • Automakers warn US tariffs will cost thousands of jobs
  • Singaporean FM asks NSE, SGX to resolve differences, serve investors
  • Fortis probe finds systemic lapses, to recover Rs 5 bn from Singh brothers
  • JSW Steel to invest Rs 75 bn in Karnataka to expand Vijayanagar facility
  • Trai to penalise telcos for call drop violations in March quarter: Chief
  • Rs 20 bn GST evasion in 2 months, less than 100,000 paying 80% of tax
  • Export push: ECGC, NEIA to get more capital support
  • India cautious on China move to reduce import tariffs on goods
  • Fortis lent Rs 494 crore to promoter companies despite management objections
  • UST Global turns ‘unicorn’ with $250-m Temasek funding
  • Telecom sector revenue dips 1.7%, licence fee falls 12.7% in March
  • NCLAT refuses to stop Vedanta from delisting Electrosteel
  • Rupee nears record low on rising oil prices, trade war
  • Mindtree founders may sell entire stake to NEC Corp., private equity firm
  • SBI to shut 9 foreign branches as part of rationalisation: Pravin Gupta
  • Oil prices rise on supply losses, US push to isolate Iran
  • India needs to lower trade barriers: US diplomat
  • Reliance Jio enters a new league, crosses 200 million user mark
  • Retail lending up 25%, number of accounts over 32% in FY18: Cibil data
  • India no longer poor people’s country, 44 Indians pulled out of poverty every minute, says study
  • End oil imports from Iran by Nov 4, US to India
  • India’s quest to find a trillion-dollar nuclear fuel on the Moon
  • Volvo-Eicher eyeing more marketshare with two new trucks
  • ITC’s Savlon campaign bags coveted Grand Prix at Cannes Lions 2018
  • Govt confident LIC-IDBI deal will conclude by Sept