GOODWILL BUSINESS DIGEST

  • Air Asia Chief booked for violating licence norms
  • U S squeezes India to set zero import duty on Harley-Davidsons mobikes
  • Govt owes exporters Rs 20,000 cr in refunds under GST,ITC heads
  • RCom breathes easy as tower arm clears hurdle
  • Gift City: SGX may renew talks with NSE,BSE: Re plunges 43 P/$
  • TRAI eyes blockchain solution to cut pesky calls.
  • Tractor sales boost M&M Q4 profit 50 % to Rs 1155 Cr- upbeat
  • Eveready monetises land, assets to reduce debt and for fund growth
  • Fortis initiates fresh bidding process; sets June 14 deadline for offers
  • 4 years after shutting R & D site, AstraZeneca to open drug development unit in Bengaluru today.
  • Wheels India plans Rs 122 cr capex as demand rises in auto, other segments
  • Sterlite closure in TN will skew copper supply demand dynamics
  • Sulphuric acid price may go up after closure of the Tuticorin smelter
  • Power Fin. Corp. Improves its Revenue and PAT in Fy 18
  • Centre promises to refund textile GST dues in 20 days
  • Trump to impose new tariffs on Chinese tech. Products
  • 15th Com will be fair and reasonable: Chairman NK Singh
  • Emerging market woes brewing new global financial crisis: Soros
  • India to get gas trading hub by Dec; Crisil working on framework
  • Power Ministry launches web portal ‘Praapti’ to track discom payment dues
  • Bajaj’s e-mobility mantra; Start at the top with irresistible products: Rajiv Bajaj
  • Power Grid Q 4 net profit up 4.6 % at 2004 cr
  • Urban Ladder-Home furniture & Decor- sees 24 % surge in average order value after opening retail stores.
  • Sales of TVS Motor’s super bike Apache RR 310 rev up
  • BHEL puts up a good show: PAT up by 60% and revenue same in Fy 18
  • Pharma freebies under GST lens; RCom clears the way for deal with Jio.
  • UAE bans Fruits, vegetables from Kerala due to Nipah virus-13 died.
  • TCS nets Rs 2300 cr from Tata group, units in Fy 18
  • Mahindra eyes 10-12 % revenue from India in two years.5G, IoT to help
  • Hero Electronix buys IoT Solutions provider Zenatix. Divison of Hero group
  • BigBasket’s operating loss up 12 %; With Swiggy to supply Milk
  • Qtrove gets Rs 350 cr from BCCL’s springboard
  • Ac, Fridge, microwave set to get dearer by 2-5 % on weaker rupee, costlier inputs- like copper
  • Teleperformance, Baring Asia, Convergys in fray for Intelenet
  • Monsoon comes early to Kerala, TN:
  • India may have to end export incentive schemes if WTO objects
  • Insurers face a hit of upto Rs 25,000 cr, likely to hike rates.

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