Morning Business News Round Up_May 24, 2018

  •   Govt won’t allow any bank to fail: FinMin Secy
  •   Direct tax collection rises 18% to Rs 10.03L cr in FY18
  •   DoT includes tower cos in right of way rules
  •   India takes US steel tariffs complaint to the WTO
  •   Over 2,100 companies settle Rs 83,000 cr dues
  •   Tata Motors Q4 profit halves YoY to Rs 2,176 crore
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  •  Cabinet approves ordinance to give homebuyers creditor status under IBC
  •  Tata Steel’s Bhushan buy to raise net leverage over next 2-3 years: Fitch
  •   Jet Airways posts 4th-quarter loss due to higher fuel costs
  •   Cabinet approves restructuring of Scooters India B/S
  •   OMCs under pressure; IOC hits 52-week low; HPCL, BPCL down 6%
  •   Cabinet clears amendments to bankruptcy code
  •   Walmart India, Flipkart top executives meet CCI; apprise business activities
  •   GVK Power Q4 profit at Rs 23 cr on standalone basis
  •   Binani Cement’s resolution professional postpones lenders’ meet
  •   NLC, NMDC to sign MoU with Australian firm for steel production
  •   TCS expands operations in Florida as part of Transamerica deal
  •   Yes Bank recovers 66% of original claim filed for Bhushan Steel
  •   Motherson Sumi Q4 profit up 7.32%, dividend of Rs2.25 per share declared
  •   Grasim to invest Rs13,000 crore in textile, cement business
  •   Vedanta Resources operating profit up 27% to $4.1 billion in FY’18
  •   Suzlon in talks to sell 300 MW of wind power assets
  •   Violent protests: Madras High Court stays Sterlite smelter expansion
  •   Telcos add 70 m subscribers in Jan-Mar
  •   Binani RP postpones creditors’ meet
  •   ABG Shipyard receives new resolution plan
  •   UTI is not a PSU, and it has to be Sebi-compliant
  •   Risks of servicing Basel II debt up for some PSBs: Icra
  •   4,072 telecom towers to be set up in Naxal-hit areas for Rs 7,330 crore
  •   CBIC aims to dispose pending cases by June
  •   Record oil prices: Relief eludes as govt looks oblivious to