Morning Business News :
- RBI eases office opening process for foreign entities
- Banks’ consumer durable loan business shrinks 75%
- Merger of Vijaya, Dena banks with BOB to continue: SC
- Lenders ask for fresh round of bidding for Amtek Auto
- L&T’s construction division bags Rs 2,500 cr orders
- ZF signs agreement to acquire WABCO for $7-bn
- PFC completes REC acquisition, hopeful of merger soon
- Irdai keeps third party motor insurance rates unchanged
- Bank union to write to govt, RBI against infusing money into Jet Airways
- Donald Trump presses OPEC to boost output to bring down oil prices
- S&P downgrades Tata Motors, subsidiary JLR credit rating for weak profits
- Govt to infuse Rs 5,042 cr into BoB ahead of merger with Dena, Vijaya
- Infosys to buy 75% stake in ABN AMRO’s mortgage services arm for $143.5 mn
- India keen to re-start talks on trade package with the US
- Lupin launches generic skin treatment cream in US market
- Siemens Gamesa commissions 10 MW solar project for Lakshmi Machine Works
- Indonesia, India palm groups to propose tax incentives to certified palm
- PE, VC investment in India at $20.5 bn in 2018: Report
- Jet defaults on ECB due to ‘temporary constraints’
- Need to reinvent Niti Aayog, says former RBI Guv Y V Reddy
- M&M to raise vehicle prices due to high commodity rates
- Alstom bags ₹700 cr contracts from Mumbai, Pune metros
- PFC is now the second largest govt-owned financial firm after SBI
- DLF’s over ₹3,000 crore QIP closed; issue price fixed at ₹183.4 a share
- IOB receives shareholders nod for ₹3,806 crore capital infusion
- Bigbasket valuation hits $2.2 billion; turns unicorn with $150 million funding from Alibaba, others
- Manappuram Finance withdraws release on securing funding from NABARD
- Bandhan Bank, Gruh finance merger by Dec; to push affordable housing
- Axis Trustee, IndusInd invoke 15.6% pledged shareholding in RCom
- Orchid Pharma’s promoter firm too goes under resolution process
- Sensex rebounds over 400 points, Nifty ends at 11,570
- Commerce ministry for imposition of countervailing duty on Chinese pneumatic tyres
- Rupee plunges 42 paise to 69.30/USD on stronger dollar
- Singapore recalls BP drugs with India-made ingredient