Corporate Snippets on Dec 6
Ø Government approves allocation of 5 coal blocks
Ø RBI set to tighten screws on co-op banks
Ø Govt. withdraws GST Circular on back office services
Ø S&P keeps Airtel rating on negative watch
Ø Payment banks can convert into small finance banks after 5 years
Ø Maha Govt. wants PMC Bank to merge with MSC Bank
Ø RBI unexpectedly hits pause on rate cut; lowers FY20 GDP forecast to 5%
Ø Base year for calculating GDP revised due to socio-economic changes: Govt
Ø Moody's downgrades Yes Bank's ratings, assigns negative outlook
Ø Nestle India prepares the ground as HUL-GSK Consumer merger nears
Ø M&M buys 36.6% in Meru for Rs 44.71 cr, to appoint majority of directors
Ø Cardekho raises $70 million in Series D funding from Chinese, European investors
Ø Oil marketing firms’ bid to encourage alternative fuels
Ø Canada Pension Plan Investment Board to invest up to $600 million in NIIF
Ø CSIR, BHEL sign pact to develop and market technologies
Ø Zydus Cadila files application for liver disease drug
Ø Saudi Aramco raises $25.6 billion in world’s biggest IPO
Ø Billionaire Lawrence Stroll seeks big stake in Aston Martin: Report
Ø Tata Motors board approves ordinary shares, warrants to Tata Sons
Ø Infra and manufacturing sectors disappointed with RBI's policy stance
Ø DHFL insolvency process starts, investors' claims sought
Ø Fitch Ratings says Indian banks to write off more loans
Ø Rajya Sabha nod to lower corporate tax rates
Ø 15th Finance Commission submits its report for 2020-21 to President
Ø No way privately-issued digital currencies can be allowed: RBI Governor Shaktikanta Das
Ø Corporate lending witnessing lack of demand: SBI
Ø NBFCs, MFIs & co-ops can now become SFBs
Ø P2P lending limit raised to Rs 50 lakh
Ø Markets end lower in a see-saw trade as RBI surprises with status quo