Morning Business News Round Up_Mar 09,2017

Morning Business News :

  • SBI justifies penalty, says need money to bear Jan Dhan costs
  • CPSE stake sale: Govt wary of foreign investors
  • Reserve Bank opposes Tata move to pay Docomo
  • Our services are not for free: HDFC’s Aditya Puri
  • Indian drug makers can export patented meds for approval: Delhi High Court
  • Paytm will now levy 2% fee when you top it up using your credit cards
  • Long wait for a shorter trade route to Russia ends
  • I-T dept lifts freeze on Cairn Energy payout, but bar on stake sale stays
  • Investors now trust India story: LSE
  • Steel exports shoot up 150% in February, imports decline 46%
  • Sebi relaxes restraint order in castor seed controversy
  • Note ban boost to digital payments continues: Study
  • Reliance Jio understated revenues, forex gains not included, says report
  • Industry body bats for universal basic income for women
  • Mahindra Lifespace gets SEBI approval for Rs. 300-cr rights issue
  • Merc sales ‘back on track’ with Q1 growth
  • Groupe SEB India sees Tefal range heating up growth
  • Vedanta pledges to raise women board representation to 33%
  • Reliance MF’s CPSE ETF to open on Mar 14; to raise Rs. 2,500-cr
  • Digital payments decline as cash returns, shows RBI data
  • D-Mart IPO subscribed 1.36 times on Day 1

Image result for D-Mart IPO

  • Paytm valuation near $5.9 billion as 3 investors sell stake to Alibaba
  • Glenmark gets USFDA nod to start phase-II clinical trials for respiratory drug
  • Instacart said to raise funds valuing start-up at $3.4 billion
  • Three Indian firms among the 50 most promising start-ups in the world
  • H1B, employment based green card to be reformed: US Senator
  • US already in trade war: Commerce Secretary Wilbur Ross
  • Govt makes Aadhaar mandatory for crop insurance policies
  • Music Broadcast IPO subscribed by over 39 times on overwhelming interest in all categories
  • China grants preliminary approval to 38 new Trump trademarks
  • Sugar import at zero duty on the cards
  • Cement prices rise in north, dip in south
  • Govt lines up 9 rail PSUs for IPO
  • Adhere to spending cap in March: FinMin to ministries
  • Flipkart’s hedge fund boss is looking for $1.5b
  • Maruti to launch four new models in 2017-18