Today's Financial Newspapers Summary - India
1st March 2018
Economic Times
Ø Modi govt's asset monetisation drive gets a huge Australian boost
Ø 'Q3 marks India's return as fastest growing economy'
Ø Airtel wants to get out of towers, committed to Africa
Ø Currency in circulation almost at pre-note ban levels
Ø New LTCG tax: ESOPs may not get 'grandfathering'
Ø Canara Bank files fresh complaint against RP Infosystem
Ø Reliance Aerostructure-Thales JV gets CCI approval
Ø Bayer to win EU approval for Monsanto deal: Sources
Business Standard
Ø Bank guarantee limit for pulses & oilseeds for Nafed doubled to Rs 190 bn
Ø Nirav Modi refuses to join CBI investigations in PNB scam case: Officials
Ø Govt announces Rs 50 bn fund to jumpstart growth in 12 key services sectors
Ø Jan core sector growth sharply rises to 6.7%; cement, refinery output zoom
Ø Ex-RBI governor Subbarao cautions govt against deficit, import duties
Ø April-Jan fiscal deficit touches 113.7% of full-year target
Business Line
Ø Goa mining ban yanks down India investment ranking: Report
Ø SBI hikes deposit rates by up to 50 bps across tenors
Ø Economy to grow at 7.6% in calendar year 2018: Moody’s
Ø Dilip Buildcon wins Rs 2,013-cr highway project
Ø Luxury market on course to touch $30 bn by December
Ø BHEL pays 40% interim dividend
Mint
Ø I-T dept issues look out circulars against Nirav Modi, Mehul Choksi
Ø Rel Jio prepares strong rural push to boost Jio Phone sales
Ø INX Media case: CBI gets one-day custody of Karti Chidambaram
Ø DLF arm to buy Gurugram land for Rs1,496 crore
Ø BSE to delist 36 companies from 5 March
Ø Cipla ties up with Roche to sell two key drugs in India
Financial Express
Ø Smriti Irani suggests using jute in infrastructure, smart city projects
Ø Former RBI governor D Subbarao cautions India on deficit, import duties
Ø India needs to evolve into a pensioned and insured society, says Arun Jaitley
Ø 15th Finance Commission to commission study on cess collections of Centre
Financial Chronicle
Ø Housing finance firms set to overtake PSBs in home loans
Ø India falls out of mining investment destination list
Ø Economy grows 7.2% in Q3, sigh of relief for Modi govt
Ø L&T to sell 2% stake in L&T Technology
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28th Feb. 2018
Economic Times
Ø Market volatility won't stop more rate hikes: Fed Chair
Ø 'Monetisation of road projects can fetch Rs 1.25L cr'
Ø Probe NPAs above Rs 50 cr, alert CBI, PSBs told
Ø World's biggest wealth fund returned $131b in 2017
Ø Nirav Modi-owned Firestar files for bankruptcy
Ø Dalmia Bharat consortium highest bidder for Binani
Ø Big banks brought stress to the system: RBL Bank
Business Standard
Ø Total foodgrain production estimate hits record 277.49 mn tonnes in 2017-18
Ø GST revenue collection dips marginally in Jan to Rs 863 bn
Ø Jute industry stares at nearly Rs 8 bn loss on dilution plan
Ø Moody's upgrades outlook on IDBI Bank to 'positive' from 'stable'
Ø AIIB approves $1.5-bn in loans to India for infrastructure projects
Business Line
Ø 15-day deadline to public sector banks for identifying risks
Ø ‘PNB does not need immediate capital allocation’
Ø No transaction fee on cross-currency derivatives trade for 3 months: NSE
Ø PM woos South Korean investors, assures protection
Ø Andrew Yule to divest engineering division
Ø Banks’ NPA from gem and jewellery sector rises to 30%
Mint
Ø PNB fraud: Banks seek forensic audit of Gitanjali Gems
Ø Telecom firms free to match Reliance Jio’s cheap tariffs, rules Trai
Ø GIC to buy minority stake in Prestige’s Exora Business Parks
Ø Creditors may offer to sell Amtek Auto along with subsidiaries
Ø PNB says fraud may cost bank nearly $2 billion
Ø Siemens unit’s IPO value is said to slip toward $32 billion
Financial Express
Ø Arun Jaitley seeks higher funding for India from AIIB to bridge infrastructure gap in Asian region
Ø Comcast challenges Rupert Murdoch with $31 billion offer to buy Sky
Ø PNB Fraud Case: Part of Nirav Modi's money trail leading to Delaware in US, says ED source
Financial Chronicle
Ø Finally bank credit growth moves into double-digits in Q2
Ø Hindustan Zinc invests Rs 600 cr in 2 new mills
Ø MFI gross loan portfolio up 43%, delinquencies down
Ø Essar Steel auction a labyrinth of complex laws and ambiguities
Ø Govt may double import duty on wheat
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27th Feb. 2018
Economic Times
Ø NCAER pegs India's 2018-19 economic growth at 7.5%
Ø CBI seeks details of nostro transactions from 5 banks
Ø DGS seeks HUL response on GST calculation method
Ø WhatsApp leaks: HDFC Bank submits report to Sebi
Ø Bhushan Steel bid: Liberty makes case before NCLT
Ø Services, industrials to lift Q3 GVA print to 6.8%
Business Standard
Ø UPI-based system mulled for retail investors in IPOs
Ø Rs 11 trillion priority sector lending target achievable: FM
Ø SBI Chairman expects PNB to clear Rs 13 bn dues
Ø RInfra wins Rs 2.92 bn arbitration with Goa govt over non-payment of dues
Ø RIL-BP's $4 bn plan for developing 3 sets of discoveries in KG-D6 approved
Ø Weinstein studio to file for bankruptcy as investors stop funding
Business Line
Ø ACC shelves plans to merge with Ambuja Cement
Ø KYC norms for e-wallets made mandatory from March 1
Ø Technology, better supervision needed to tackle banking malpractices: CII
Ø Aircel’s woes rise as majority shareholder Maxis decides not to infuse more funds
Ø Daiichi-Ranbaxy row: HC orders attachment of Singh brothers’ assets
Ø PFC to lend Rs 50,200 cr for UP power projects
Mint
Ø Indian equities no longer top pick among emerging markets
Ø Trai begins consultation to fix service quality norms for LTE calls
Ø Anadarko in talks with nine Indian firms to sell gas from Rovuma basin
Ø Idea-Vodafone building war chest to take on rivals
Ø Kalyan Jewellers looks to file IPO papers in a month
Ø BSNL selects Nokia to launch 4G service in 10 circles
Ø HG Infra IPO 11% subscription on Day 1
Financial Express
Ø 70% IGST refund stuck due to flawed claims filed by exporters: CBEC
Ø Vodafone group CEO Vittario Colao terms Trai predatory pricing rule as unfair
Ø Govt publishes names of 9,500 high risk non-banking financial companies
Ø Grundfos bets big on e-pumps; eyes Rs 1,000 cr turnover from India in 4 years
Financial Chronicle
Ø RBI raises currency derivative trade limit to USD 100 mn
Ø Hindustan Zinc invests Rs 600 cr in 2 new mills
Ø Bank NPAs to rise with new resolution rules
Ø Warburg Pincus to sell part stake in Lemon Tree Hotels via IPO
Ø Auction by Andhra Bank exposes chinks in banking
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26th Feb. 2018
Economic Times
Ø PNB-wary banks now plan to get solid cover for lone wolf attacks
Ø Sebi, bourses probe stock manipulation at PSBs
Ø PNB: ED to seek info from over dozen countries on Nirav
Ø AP signs MoUs of Rs 1.75L cr, RIL to invest Rs 55K cr
Ø COAI says no question of apology to Reliance Jio
Ø Taxmen told to go the whole hog for record Rs 10 lakh crore kitty
Ø 'India will soon leapfrog to cutting-edge rail technology'
Business Standard
Ø Dr Reddy's gets EIR, says USFDA maintained OAI status for Srikakulam plant
Ø JSW Steel close to acquire Italian firm Aferpi for Rs 6 billion:
Ø Essar Shipping plans to double cargo tonnage to 30 MT by 2019-20: CEO
Ø Catholic Syrian Bank to increase equity to allow Fairfax on board
Ø PNB scam, possible Fed rate hike spur Rs 100 bn FPI sell-off in Feb
Ø MSE gets Sebi nod for electronic book building mechanism for online bidding
Business Line
Ø Jaitley slams regulators’ failure to detect PNB fraud
Ø One-page return, staggered filing likely for GST
Ø Multinational accounting firms face the heat
Ø Bhushan Power bid: NCLT to hear Liberty House plea on Monday
Ø Pharma industry told to make use of changing demographics
Ø Turkish ground handling co Celebi plans to invest in India
Mint
Ø ONGC Videsh drops plan to build LNG export facility in Iran
Ø Hindustan Zinc to commission 2 new mills at Rs600 cr cost
Ø Grasim Industries gets green nod for Rs1,800 crore expansion project
Ø SBI set for UK restructuring
Ø Europe to shut ABLV Bank at center of a scandal roiling Latvia
Ø India may allow only commercial coal mining in the future
Financial Express
Ø 70% IGST refund stuck due to flawed claims filed by exporters: CBEC
Ø Focus on investment, productivity to lead to sustainable growth rate: Report
Ø Huawei unveils world’s first 5G commercial modem
Ø Tech Mahindra bets big on 5G services, sets up lab in Bengaluru
Financial Chronicle
Ø Wealth of Indian rich equals15% of GDP, poor getting poorer
Ø Sebi, SEs look for manipulation in bank derivatives
Ø FPIs pull out Rs 10,000 cr from equity market this month
Ø CBI files Rs 97 cr loan default case against Simbhaoli Sugars; chairman, Dy MD
Ø FinMin, RBI to hold talks on raising FII limit in G-Secs
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23rd Feb. 2018
Economic Times
Ø Market outlook: Nifty vulnerable below 100-DMA at 10,411 level
Ø Orient Global sells Indiabulls Real Estate shares worth Rs 347 crore
Ø PSBs slip, private peers gain; Vix falls further
Ø Lot of value left in small, midcap IT cos, says Sunil Subramaniam
Business Standard
Ø Sensex can dip to 30,000; PNB scam dents investors' confidence: Marc Faber
Ø IDBI Bank hits 9-month high; up 21% in four days
Ø Apollo Micro surges 16% after hitting lowest level since listing
Ø Ipca Labs hits 52-week high; up 21% in 11 days post Q3 results
Business Line
Ø Bharat Dynamics, IREDA get SEBI nod for IPO
Ø SEBI to auction 11 assets of Pancard, reserve price ₹260 cr
Ø GHMC lists its bonds on BSE bond platform
Mint
Ø NSE to exclude Fortis Healthcare from derivatives trade if results not filed by 1 March
Ø Gitanjali Gems shares tank over 58% in 7 days
Financial Express
Ø PSU telecom stocks MTNL, ITI jump up to 15% on government's strategic collaboration plan
Ø Petro cryptocurrency: $141 billion debt-ridden Venezuela’s answer to Bitcoin
Ø Airtel takes on Reliance Jio, promises 250% more data at the same price
Financial Chronicle
Ø RInfra bags Rs 3,647cr contract for thermal power project in TN
Ø Infy declares war with Bansal, makes counter claim of Rs 135 crore
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21st Feb. 2018
Economic Times
Ø India Inc to invest $1 bn, create 5K new jobs in Canada
Ø EPFO likely to announce 8.65% interest on EPF
Ø Sundaram MF suspended from BSE Star MF
Business Standard
Ø RBI may tighten approvals for offshore borrowing to avoid any defaults
Ø Indian software services growth to remain flat at 7-9% in FY19 too: Nasscom
Ø Deposit Rs 100 million to pay interest to home-buyers: SC to Supertech
Business Line
Ø Gold falls to Rs 31,700; silver plunges by Rs 535 per kg
Ø Realty, bank stocks pull Sensex down 71 points; Nifty falls to 10,360
Ø MCX Natural Gas bounces from a long-term base
Mint
Ø ArcelorMittal, VTB hit snag in pursuit of $6 billion Essar Steel
Ø IndiGrid acquires 3 transmission assets, buys Patran Transmission stake for Rs232 crore
Ø Reliance Jio sparks a face off between Trai, CCI
Financial Express
Ø Rupee tumbles 58 paise against US dollar, hits the lowest since November 2017
Ø Sensex ends at 33,703; PNB settles in green after 5-day bloodbath, other PSU banks rally up to 5%
Ø Mahindra to discontinue Xylo, Verito, Nuvosport by 2020: 4 new SUVs in addition to New Scorpio, XUV500
Financial Chronicle
Ø Dhaka SE approves China's bid; rejects India’s offer
Ø RIL to acquire 5% in Eros International for Rs 1,000 cr
Ø PNB fraud exposes holes in RBI supervision, audit
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20th Feb. 2018
Economic Times
Ø FIIs likely to start buying good Indian stocks at lower points
Ø RK Damani's Derive Investments buys 26.5 lakh shares of Fortis Healthcare
Ø Gold heads for biggest weekly rise in nearly two years
Ø Oil gains as dollar sags near 3-year low; many Asian markets shut
Business Standard
Ø Rs 114-bn PNB scam: FinMin seeks RBI's view on lapses in banking system
Ø Tata Steel, JSW-Piramal joint venture bid for debt-laden Bhushan Steel
Ø Bhushan Steel up 20% on talks of Tata Steel become highest bidder
Ø Gitanjali Gems nears record low; stock tanks 46% in four days
Business Line
Ø Bharti Airtel, HMD Global tie up for 4G phones
Ø UCO Bank claims $411 m exposure in PNB fraud
Ø SEBI bans Real Sunshine Corp, directors from markets
Ø Mahindra Group to invest Rs 900 cr more into EVs
Mint
Ø Oil prices hit highest level in nearly 2 weeks on Asian equity recovery
Ø Consolidation phase over, telecom firms set for growth war
Financial Express
Ø Sensex dives 437 pts as bankers bleed; SBI, PNB plunge up to 10%; 8 PSU banks hit 52-week low
Ø Bitcoin crosses $11,000 in India today; recovery on
Ø PNB asks Gitanjali group firms to pay Rs 1,045 crore
Financial Chronicle
Ø Anti-dumping duty on Chinese carbon black hurts tyre companies
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19th Feb. 2018
Economic Times
Ø Glitches in GSTN portal as major concern: Survey
Ø PNB fraud: Shell firms, benami assets under scanner
Ø India moving towards a $5 tn economy: PM
Ø RIL plans Rs 60K cr digital industrial area in Maha
Ø Fortis Healthcare co-owner restrained from selling assets
Business Standard
Ø Sebi may give fresh push to loan default disclosure by listed firms
Ø PNB scam: CBI scans balance sheets of 18 Mehul Choksi's Gitanjali branches
Ø 'ArcelorMittal's ineligibility would send wrong signal to global community'
Ø DLF plans to sell ready-to-move-in flats worth Rs 150 bn in next 3-4 years
Ø Nirav Modi scam: Crisil puts Punjab National Bank's ratings under watch
Business Line
Ø City Union Bank suffers cyber hack via SWIFT system
Ø FTIL-NSEL merger: Apex court to hear arguments on April 18
Ø Tamil Nadu preparing draft start-up policy
Ø Indian Hotels aims for 8% rise in profits by 2022
Ø Incentives for green tech, AI likely in new industrial policy
Mint
Ø PNB-Nirav Modi fraud: Nexus between diamond traders and stock market brokers under scanner
Ø As oil stocks drain, Opec searches for its next fig leaf
Ø Nasdaq Dubai launches Abu Dhabi, Dubai equity index futures
Ø NTPC eyes 100% equity in some JVs with state utilities, stressed assets
Financial Express
Ø Pre-Budget: Goa industries want government to clear stand on mining
Ø Budget not limited to outlay, focus on outcome, says PM Narendra Modi
Ø Retailers accused of levying GST over MRP
Ø Virgin Group, Maharashtra in pact to build Mumbai-Pune hyperloop
Ø Maharashtra govt allows privatisation of cooperative spinning mills
Ø Reliance to invest Rs 60K cr, Virgin to build hyperloop
Financial Chronicle
Ø Anglo-American Alliance Fished in Troubled Waters
Ø Eveready to diversify into FMCG segment
Ø Mystery still shrouds the arrest of billionaire prince Alwaleed
Ø Iran seeks Indian investment amid US pressure
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16th Feb. 2018
Economic Times
Ø Auditors begin Religare review after RBI red flag
Ø Moneyback Plan: RBI directs PNB to honour LoU claims
Ø Infy, TCS allocate larger amounts to fight protectionism
Ø Paytm Bank to help rope in more women in tech roles
Ø RBI asks banks to accept coins of all denominations
Ø Rs 500 smartphone to cost Jio's rivals Rs 26,000 cr
Ø Supreme Court verdict on Cauvery row today
Business Standard
Ø Rs 114-bn scam: Pay up dues to banks for claims against LoUs, RBI tells PNB
Ø Pricing pressure in global operations dents Jet Airways' Q3 numbers
Ø Pay retail investors for failure in IPO allotment: Sebi tells bankers
Ø Facebook most evil firm in world, says Paytm chief Vijay Shekhar Sharma
Ø PPOs boost final placements at top business schools this year
Ø Surat firm aims to topple Abbot to become number one stent maker
Business Line
Ø Price deficiency payments to ryots will cost ₹25,000 cr
Ø Small, medium rubber units hit by shortage of carbon black
Ø Developing unused govt lands into wholesale trade parks will foster economic growth, says report
Ø CUMI consolidated net up 22% in Q3
Ø Vistara adds Chennai to its network; to start international operations from June
Ø Axis Bank says it sold PNB exposure in Hong Kong
Mint
Ø Supreme Court to announce verdict in Cauvery water dispute case today
Ø Govt drops the idea of an India EV policy
Ø First signs of recovery in December quarter corporate earnings
Ø EPFO may raise equity investment limit to 25%
Ø Rs11,400 crore PNB fraud a case of systemic failure, say experts
Ø Tripura elections may see higher voter turnout for a third time
Financial Express
Ø Nirav Modi PNB fraud case: RBI may seek banks' non-fund exposures
Ø Odisha invites European nations to partner in Make in Odisha Conclave
Ø US Senate rejects immigration bills after Donald Trump veto threat
Ø NTP 2018: Unleashing the power of cable broadband
Financial Chronicle
Ø PNB DETECTS $1.77B FRAUD; A THIRD OF ITS M-CAP
Ø Steel sector buyouts under IBC may invite CCI scrutiny
Ø Revenue & profit of auto firms get a boost in Q3
Ø WPI inflation eases to 2.84% in January
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15th Feb. 2018
Economic Times
Ø Gender equality, still a startup at technology cos
Ø Star signs 11 IPL sponsors, sells Rs 500 crore inventory
Ø List number of jobs your sectors will create: PMO
Ø States consulted, many on board for NHPS: Niti Aayog
Ø Government's C-DAC readies artificial intelligence - muscled cyber security plan
Ø Kashmir's biggest tourism gathering in 30 years
Ø Register for voter ID, update online from June
Business Standard
Ø Essar Steel bids of ArcelorMittal and Numetal go for eligibility test
Ø TDS deduction on capital gains: Play by different rules once you turn NRI
Ø UIDAI's move to drop CSC pact for Aadhaar services sparks job loss fears
Ø Singapore's luxury tea boutique chain TWG debuts in Indian market
Ø PNB fraud: Sebi likely to probe disclosure lapses by banks, jewellery firms
Ø Modi - the protectionist: 30-year high import duty to spur 'Make In India'
Business Line
Ø Sundyota Numandis ties up with Germany’s Finzelberg for healthcare products
Ø Torrent Power biggest winner in wind projects auction
Ø NMDC net profit jumps 49% to Rs 886 cr
Ø Marginal increase in footfall at Auto Expo this year
Ø Apollo Hospitals profit down 7.4%, revenue up 13% in third quarter
Ø Piramal Finance to invest ₹3,000 cr in affordable, mid-income housing
Mint
Ø Railways initiates recruitment process to hire 89,000 employees
Ø Chasing growth, D Mart rethinks store strategy
Ø Tripura elections: BJP’s star ascends in state, but CPM shrugs off the threat
Ø Xiaomi launches Mi LED Smart TV 4 at Rs39,999, aims to disrupt India’s TV market
Ø Household inflation expectations have subsided
Ø Birla, Dalmia are said to be lead bidders for Binani Cement
Financial Express
Ø Latest auction: At 2.44/unit, wind tariffs at December level
Ø Tata Power net falls 7 percent, margins shrink 350 bps
Ø Net Neutrality: COAI plans to play national objective card
Ø NPA norm revision: Banking stocks take a knocking
Financial Chronicle
Ø Untimely rain in M’rashtra, MP may inflate food subsidy bill
Ø Fortis to acquire Singapore listed RHT for Rs 4,650 crore
Ø NPAs, provisioning set to increase, say analysts
Ø Sops to oil, gas producers under new E&P policy
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14th Feb. 2018
Economic Times
Ø Sebi to meet rating agencies on faster access to data
Ø Vodafone to bundle broadband with mobile services
Ø Germany wary of India hiking duty on auto parts
Ø Rs 2 lakh crore loans may head to bankruptcy court
Ø Unitech Q3 consolidated net loss Rs 102.49 crore
Ø Rlys to issue tenders for solar projects on its land
Ø Mukesh Ambani can keep govt running for 20 days
Business Standard
Ø Banks may take Rs 305-bn hit on rising bond yields, PSBs affected most
Ø Number of rich Indians up 12% but collective wealth is up only 5%: Report
Ø NPA levels of banks set to bloat with RBI's mega resolution framework
Ø Six leading cement companies forming a 'cartel' under CCI scanner
Ø More comfort for Rajdhani passengers with refurbished coaches, LED lights
Ø Revenues from GST could cross Rs 1 trillion a month post anti-evasion steps
Business Line
Ø Ricoh accounting fraud: SEBI bans 7 from securities market
Ø FRDI Bill: Centre offers to set a new cap on deposit cover
Ø You cannot deny benefit to anyone for want of Aadhaar: Prasad
Ø PMO seeks report from Goa govt on impact of SC’s mining order
Ø Supreme Court cancels iron ore mining permits in Goa
Ø Bad loans take centre stage in banking industry
Mint
Ø Logistics hub to turn Assam’s Jogighopa into India’s new gateway to South-East Asia
Ø The Singh brothers are the reason the 1% cops the blame
Ø Govt may cap trade margins to control drug prices
Ø NSEL case: Sebi to probe regulatory aspects relating to 5 brokers
Ø RBI new bad loan rules may improve prospects of loan recovery
Ø India needs to create more salaried jobs: World Bank
Financial Express
Ø 17 Public-Sector Banks: Provisions up nearly 100 percent in Q3
Ø MGM China opens $3.4 billion mega casino resort in Macau
Ø US urges Russia to honour 1987 arms pact, warns of collapse
Ø Bank deposits have been yielding lower returns, this makes them inferior financial products
Financial Chronicle
Ø BoI, UBI report losses as NPA crisis deepens
Ø FinMin asks 12 PSU banks to explain reform steps
Ø ArcelorMittal, Russia’s VTB Group bid for Essar Steel
Ø Fortis board accepts resignations of Singh brothers
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13th Feb. 2018
Economic Times
Ø Mike Pence says US ready to talk with North Korea in policy shift
Ø Bitcoin exchanges plan to maintain user database
Ø Missing one deadline doesn't mean we give up the lunar mission, says TeamIndus founder Rahul Narayan
Ø Big relief for individuals! I-T scrutiny turns faceless with e-proceeding facility
Ø Max India's Analjit Singh buys house owned by Singh brothers
Ø SBI wrote off bad loans worth over Rs 20,000 crore last fiscal
Ø $3.6 billion in hidden bad loans spotlight Indian banking stress
Business Standard
Ø Snapping ties with foreign exchanges will have some repercussions: BSE CEO
Ø Retail inflation eases to 5.07% in Jan, industrial output for Dec at 7.1%
Ø IndiGo on long-haul flight path, to take final call on buying Air India
Ø $530 million cryptocurrency heist: Japan's Coincheck to report to regulator
Ø Aster DM Health IPO subscribed 26% on first day of the issue
Ø RBI overhauls stressed asset framework, gives 180 days for NPA resolution
Business Line
Ø Robust IIP data points to manufacturing revival
Ø Air India to retain name post-divestment
Ø Trifecta Capital gives ₹6 cr to Cashify
Ø Naaptol plans franchise stores in four cities
Ø Omnivore Partners raises $46 million
Ø Prince Hotels, StayWell ink deal to launch two hotels in India
Mint
Ø Sebi begins probing Fortis Healthcare over fund diversion claims
Ø Factory output rebound, slowing retail inflation signal worst is over for Indian economy
Ø NPPA revises stent prices a year after 85% cut in costs
Ø RBI withdraws SDR, S4A, sets banks 180-day timeline for bad loan resolution
Ø Max Life emerges as front runner to buy IDBI Federal Life
Ø Markets closed today for Mahashivratri
Financial Express
Ø Digital payments see strong growth, IMPS volumes up 86 percent
Ø Narendra Modi Oman visit: India secures access to key Duqm port for military use
Ø Good news for Airtel users! Customers to view Hotstar content via app for free
Ø Funds diversion: 11 Noida builders asked to clarify within a week
Financial Chronicle
Ø Bombay HC pulls up Centre for GST pomp, glitches
Ø Centre sees 45% fall in customs collection in FY18
Ø Sensex at 2.9% least hit among global selloff
Ø Cost of funds low, but not many takers for gold loans
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12th Feb. 2018
Economic Times
Ø M3M sells flats worth Rs 500cr in Trump Towers,GGN
Ø EPFO may retain 8.65 pc interest rate for FY'18
Ø Tech, financials lead Wall Street 1% higher
Ø ArcelorMittal and Numetal bid for Essar Steel
Ø RBI’s net dollar buy in December hits 33-mth high
Ø I-T unearths Rs 195 cr after raids on K'taka firms
Ø Inflation eases marginally to 5.07% in January
Business Standard
Ø IndiGo on long-haul flight path, to take final call on buying Air India
Ø Shortage of coal caused power generation loss in 2017-18, acknowledges govt
Ø Final bidding round: VTB Bank, ArcelorMittal vie for debt-laden Essar Steel
Ø In Muscat, Modi pitches India as an attractive destination to do business
Ø Bank of India posts Q3 loss of Rs 23.41 bn on bad-loan provisions spike
Ø MNCs, homegrown carmakers spar on hybrid car technology
Business Line
Ø India, Oman sign 8 agreements as PM Modi meets Sultan Qaboos
Ø Employability up 12% in 5 years; hiring intent up 10%, finds India Skills Report
Ø A sealant from IIT-Roorkee could make tyre punctures improbable
Ø Singapore Exchange shares tumble as India's move triggers earnings worries
Ø BSE jumps 2% on move to curb Nifty trading in Singapore
Ø Tata Steel jumps over 5% on robust earnings
Mint
Ø EPFO sells a portion of equity to maintain 8.65% interest rate
Ø ArcelorMittal, Numetal Mauritius only bidders for bankrupt Essar Steel
Ø Sensex, Nifty bounces back amid global recovery
Ø Bank of India Q3 net loss at Rs2,341 crore
Ø GIC Re posts Rs673 crore profit in Q3
Ø Petroleum production cost does not attract GST, says govt
Financial Express
Ø Canara Bank to raise Rs 4,500 cr to meet capital needs
Ø States want review of 'no detention' policy in schools: Panel
Ø Present situation not apt for dialogue with Pakistan: Congress
Ø Government to throw up ‘grand’ challenges before innovators of world, NITI Ayog CEO Amitabh Kant
Financial Chronicle
Ø Industrial output up 7.1% in Dec; inflation eases in Jan
Ø Economy to grow over 7.5% next fiscal: Goyal
Ø Bank of Baroda quits South Africa
Ø Sops to oil, gas producers under new E&P policy
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9th Feb. 2018
Economic Times
Ø RBI calls for tax sops, self-regulation in fintech sector
Ø Essar gains edge in race for family steel
Ø Separate route on anvil for individual insolvency cases
Ø Ashok Leyland’s e-bus may turn focus to battery swaping
Ø NDMC eases auction criteria for Taj Mansingh
Ø Google slapped with Rs 136 cr fine for rigging search
Ø NDA correcting misplaced policies of UPA: Radha Mohan
Business Standard
Ø Pilot shortage likely to hit growth of India's domestic airlines
Ø Auto Expo 2018: Profitability in local biz is here to stay, says Butschek
Ø JSW and Tata Steel bid for debt-laden Bhushan Power on the final day
Ø Malvinder Singh and Shivinder Singh quit Fortis Healthcare board
Ø CAG seeks Sebi explanation on losses due to long-term capital gains benefit
Ø Companies feeling puzzled as states proceed with old, new way bills
Business Line
Ø JSW Steel places ₹13,000-cr bid for Bhushan Power
Ø Fiscal hawk Paul slows US budget deal, shutdown looms
Ø India mulls intervention as Maldives crisis deepens
Ø Ex-Bangla PM Khaleda Zia sentenced to 5 years in graft case
Ø Wall Street plummets; S&P, Dow confirm correction
Ø Crude oil falls for sixth day as supply fears mount
Mint
Ø India declines to host Maldives special envoy as crisis continues
Ø Dow Jones falls over 1000 points as US stocks enter correction
Ø NDA not afraid to bite the bullet on tough reforms: Arun Jaitley
Ø Indian firm looks to create a ‘Kodak Moment’ in home appliances
Ø Banks set to raise lending rates, pre-empting RBI
Ø Adani’s giant Australian coal mine takes hit as rail plan axed
Financial Express
Ø Twitter posts first ever quarterly profit in history
Ø Auto Expo 2018: Hybrids first for most carmakers
Ø Budget 2018 has provided a big boost to MSMEs
Ø Modi govt clears construction of 1,86,777 affordable houses
Financial Chronicle
Ø Differences between ministries delay commercial coal auction
Ø Mystery still shrouds the arrest of billionaire prince Alwaleed
Ø Budget fails to enthuse commodity markets
Ø Promote mustard to cut edible oil imports
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8th Feb. 2018
Economic Times
Ø JSW, Adani among 20 bidders for Jaypee Infratech
Ø Carmakers accelerating pacts to launch affordable EVs
Ø Investors coming up with ways to combat LTCG blow
Ø Carmakers showcase EVs to meet India's aspiration
Ø Fixing fair value of bankrupt co under IBC mandatory
Ø Kishore Biyani isn’t totally sold on e-commerce
Ø SC cancels renewed iron ore mining licences in Goa
Business Standard
Ø Red flags from RBI policy: Inflation, fiscal slippage
Ø Auto Expo: From electric bus to 2-seater pod, automakers showcase EV vision
Ø Customers defrauded at 4 PSBs through Aadhaar-based authentication misuse
Ø Centre's FY19 mop-up from cess, surcharges to be higher than budgeted capex
Ø JSW offer Rs 300 bn for Bhushan Steel, Rs 50 bn more than Tata's bid
Ø Supreme Court cancels all iron ore mining permits in Goa
Business Line
Ø Bank NPA mess is entirely your creation, Modi tells Congress
Ø RBI sees inflation pressure rising, keeps rates on hold
Ø RBI holds rates, but for borrowers, lending rates have already started inching up
Ø Monetary policy review: RBI maintains status quo, raises inflation estimates
Ø Cabinet okays Insolvency and Bankruptcy Code Bill
Ø Centre working to make glitch-free e-way bill take off in 2-3 months
Mint
Ø RBI: Growth to accelerate, but inflation threat looms
Ø RBI to link base rate with MCLR from 1 April
Ø Govt redefines MSMEs based on annual revenue
Ø In tempestuous markets, RBI doesn’t want to rock the boat
Ø Multiple taxes on capital will affect savings, investment decisions: Urjit Patel
Ø Narendra Modi, in scathing attack, says India paying for Congress’s sins
Financial Express
Ø Budget 2018 India Highlights: Modi government to showcase each Ministry's outcome document, says NITI Aayog
Ø Budget 2018 promise: How MSP-based deficiency payments could cost Rs 80,000 crore or more
Ø Labour reforms: Jammu and Kashmir makes a good beginning
Ø Keeping import duties low forces India Inc to become more competitive
Financial Chronicle
Ø Post-budget selling pressure to persist in stocks
Ø Highest ever infra allocation to boost investment cycle
Ø AAI may cut charges for ‘red eye’ flights
Ø Promote mustard to cut edible oil imports
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
7th Feb. 2018
Economic Times
Ø DIPP to rank states based on their startup projects
Ø Bopanna had a role to play in Federer’s historic win
Ø Mintoo Bhandari moves to new role at Apollo Mgmt
Ø Bank of India puts Rs 2,400 cr assets on the block
Ø SpaceX rocket blasts off, puts sports car in space
Ø CBDT won’t act tough with startups
Ø Vodafone may hang up on Indus in $5 billion deal
Business Standard
Ø Auto Expo 2018: Carmakers using social media this time like never before
Ø Stay away from plastic Aadhaar cards, it's prone to data theft, warns UIDAI
Ø 1 year left for Swachh Bharat deadline; 54% rural families defecate in open
Ø Musk's Mars plans: SpaceX Falcon Heavy rocket soars in debut test launch
Ø Vistara in talks with Airbus, Boeing to buy jets worth $8.5 billion
Ø Market crash: Stick to export-focussed plays, large-caps, say analysts
Business Line
Ø Bid opening for Bhushan Steel deferred
Ø Patents filings prove Indian start-ups are no longer copycats
Ø MobiKwik targets ₹100 cr from B2B initiatives in 18 months
Ø Flytxt clinches SaaS deal with Vietnamese telco
Ø India registers 12% growth in online recruitment
Ø Railway Budget allocation for Telangana up 5% at ₹1,813 cr
Mint
Ø Bezos, Buffett and Dimon spin a new model of affordable healthcare
Ø Wipro makes first management change under Abidali Neemuchwala
Ø Elon Musk sends Tesla to space as world’s most powerful rocket debuts
Ø Rupee strengthens against US dollar ahead of RBI policy
Ø India’s electric future needs a reform push
Ø Capricorn Food files for IPO to raise Rs500 crore
Financial Express
Ø SpaceX's big new rocket blasts off, puts sports car in space
Ø Julian Assange loses bid to overturn UK arrest warrant, final ruling next week
Ø 884 companies under scanner in money laundering cases, says government
Ø India's largest onion wholesale market to go online
Financial Chronicle
Ø Highest ever infra allocation to boost investment cycle
Ø Union budget boosts spending to drive economy, improve Modi's re-election chances
Ø India’s will to go digital evident in budget FY19
Ø Eveready to diversify into FMCG segment
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
6th Feb. 2018
Economic Times
Ø Indigo’s new COO quit rival GoAir over differences
Ø Lender asked to take Bilt Graphic to bankruptcy court
Ø IndiGo seeks nod to fly to European cities from Oct
Ø B2B cos seek certification from vendors on GST gains
Ø Onion prices up 30% in Maha after export curbs go
Ø ArcelorMittal to cash out of Uttam Galva at a loss
Ø No angel tax on startups with up to Rs 10 crore funding
Business Standard
Ø CBI case against Nirav Modi, who came from nowhere and rose in Mumbai
Ø All 22 Indians onboard safe as pirates free oil tanker along with cargo
Ø ArcelorMittal to sell entire 29% stake in Uttam Galva for Rs 1 per share
Ø Govt allows investors to set off losses against long-term capital gains tax | Expect early IPOs
Ø Budget 2018 impact: Rural, consumer, infrastructure sectors big gainers
Ø Blow for Bitcoin! Banks in UK & US ban crypto buying with credit cards
Business Line
Ø Tata Motors net jumps over 11-fold to Rs 1,215 cr
Ø Sajjan Jindal bats for lower corporate tax
Ø Wall Street plunges, S&P 500 erases 2018's gains
Ø Crude oil prices sink 1% amid global market plunge, US output spree
Ø MCX Aluminium: Traders can stay out of the market
Ø Crude oil futures decline to Rs 4,145 per barrel
Mint
Ø Stock plunge deepens in Asia after US sell-off
Ø Singapore Telecom to invest Rs2,649 crore in Bharti Telecom
Ø Domestic business buoys Tata Motors while JLR hits roadblocks
Ø Fairfax, Warburg join race to buy Legal and General Group’s stake in IndiaFirst Life
Ø Warburg Pincus, Tata Motors call off $360 million stake sale in Tata Technologies
Ø Multinational stent makers press for differential pricing of devices
Financial Express
Ø Realty, gas in GST before auto fuels: Finance Minister Arun Jaitley
Ø Indians to pay double as UK increases health surcharge for foreign visitors, students
Ø IIMs in India: Indian Institute of Managements divided over new law, here is why
Ø Bill introduced in US House to end non-defence aid to Pakistan
Financial Chronicle
Ø Differences between ministries delay commercial coal auction
Ø Tax on LTCG good for steady growth of equity market: Garg
Ø Actual rollout of Modi’s mega schemes not before mid-FY19
Ø AAI may cut charges for ‘red eye’ flights
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
5th Feb. 2018
Economic Times
Ø 64% of antibiotics sold in India unapproved: Report
Ø Govt's e-marketplace looks to seal deals worth Rs 2L cr
Ø Pre-2016 startups may get breather from angel tax
Ø Essar Steel Lenders to invoke Ruias’ guarantees
Ø Global consumer biggies are not giving up on India
Ø Trai may issue transparent pricing norms this week
Ø Coca-cola to introduce soft drinks blended with juice
Business Standard
Ø Multinational CEOs say momentum in the Indian market is coming back
Ø LTCG shadow looms large over Tata group's plan to reduce cross-holdings
Ø Modi's 'TOP' priority draws Congress' ridicule, BJP retorts 'classy' INC
Ø India may use BEPS route to tax digital entities like Google, Facebook
Ø Budget 2018 impact: Rural, consumer, infrastructure sectors big gainers
Ø Hawkish review ahead: MPC likely to revise its inflation forecast upwards
Business Line
Ø Richest companies have the lowest tax liability
Ø Solar gets chunk of allocations for renewable energy
Ø Budget provides ₹4469.5 cr for two aircraft to fly VVIPs
Ø GMR Infra arm to buy 11% MAHB stake in Hyderabad International Airport for ₹484 cr
Ø Centre opens fuel cess fund tap to entire infra sector
Ø Jaitley to address SEBI board on February 10
Mint
Ø Singtel to invest Rs2,649 crore in Bharti Telecom
Ø Note ban, other steps boosted tax collection to Rs90,000 crore: Hasmukh Adhia
Ø Lenskart invests $4 million to expand John Jacobs brand stores
Ø Mahindra wins an order to supply 1000 e-Veritos to Bhagirathi
Ø Shell India drops plan to sell 30% stake in Panna-Mukta
Ø PIL seeks central probe on ‘Biswa Bangla’ trademark
Financial Express
Ø Nissan to pump $9.5 billion into China business, eyes top 3 spot
Ø GST E-way Bill: System set to rollout in 2 weeks; Bihar may well have lost Rs 10000 cr
Ø To ensure India stays ahead of curve, time to ring in new telecom policy
Ø India at inflection point, needs innovation 2.0; 2 options on table
Financial Chronicle
Ø FM signals fiscal slippage amid revenue uncertainty
Ø Convergence of tax treatment across assets warranted
Ø Jaitley pours cold water on simultaneous elections
Ø A landmark budget for the insurance sector
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
2nd Feb. 2018
Economic Times
Ø FPIs may have found a way to dodge LTCG bullet
Ø I-T dept has tech to trace black money: CBDT chief
Ø Budget reaffirms digital commitment within govt
Ø Govt raises import duty on cotton seed oil, olive oil
Ø Telecom sector to create 4 lakh new jobs in 5 yrs: Sinha
Ø Government defers compulsory E-way bill application
Ø Imported luxury cars to be costlier by up to Rs 10 lakh
Business Standard
Ø Budget 2018: The great balancing act by Jaitley on social and fiscal fronts
Ø Union Budget 2018-19 Announcements In Nutshell
Ø Issue guidelines to ascertain predatory pricing: TDSAT to telecom regulator
Ø At Rs 6.2 trn, April-Dec fiscal deficit touches 113.6% of FY18 estimate
Ø Titan Q3 net rises 21% to Rs 2.8 bn; total income up 7%
Ø Bitcoin's big wipeout erased $44 bn of market value in Jan
Business Line
Ø Govt misses fiscal deficit target; higher at 3.5% in FY 18
Ø Govt hikes customs duty on mobile phones to 20%
Ø Budget eyes Rs 80,000 cr from PSU disinvestment in FY19
Ø Logistics sector to benefit from National Logistics Portal
Ø Maruti sales up 4% at 1,39,189 units in January
Ø Royal Enfield January sales up 31% at 77,878 units
Mint
Ø IMF welcomes fiscal deficit targets set by Arun Jaitley
Ø Smart cities mission gets a hike in budget
Ø Rupee crumbles 44 paise on LTCG tax, fiscal deficit woes
Ø Alibaba raises forecast, agrees to buy 33% of Ant Financial
Ø TV18 to increase Viacom18 stake to 51%
Ø Oil steady as Opec compliance offsets robust US output
Financial Express
Ø Tata Motors worried over drop in commercial vehicle share
Ø FPIs infuse more than $1 billion in Indian debt in 2 weeks
Ø ONGC pays government Rs 36,915 crore for HPCL
Ø Amazon posts largest profit in its history on sales, tax boost
Financial Chronicle
Ø Govt lowers market borrowing to Rs 4.07 lakh cr for FY19
Ø Gold Monetisation Scheme to be revamped: Jaitley
Ø 3 PSU insurers to be merged and listed
Ø Highest ever infra allocation to boost investment cycle
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
1st Feb. 2018
Economic Times
Ø FY17 GDP growth revised to 7.1% from 6.6% earlier
Ø Reliance Jio warns public against fake JioCoin apps
Ø US Fed leaves rate unchanged; sets up March hike
Ø Quess to acquire Monster India, HCL Info' care biz
Ø SBI gets board approval to divest 4.40% CCIL stake
Ø Havells India promoters sell 2% stake for Rs 647 cr
Ø TV18 becomes majority shareholder in Viacom18 at a valuation of $2 billion
Business Standard
Ø IBBI chairman Sahoo defends 94% haircut for stressed firm
Ø Sebi agrees to transfer Rs 16.7 bn of surplus funds to govt
Ø Recap bonds: Govt fixes coupon rates up to 7.68% with six maturities
Ø ICICI Bank Q3 net drops 32% to Rs 16.5 bn; smallest profit in 7 quarters
Ø HC allows Daiichi plea seeking Rs 35.6-bn arbitral award against Singh Bros
Ø Morgan Stanley shifts p-note base as govt tightens rules for FPIs
Ø Trai cuts mobile number port out charges by 79% to Rs 4
Business Line
Ø China January factory growth dips to 8-month low
Ø IREDA, Rewa Ultra Mega Solar sign loan agreement
Ø Solar Alliance to sign 121 projects by April-end
Ø Ramky Enviro to invest₹1,000 cr in expansion
Ø JSW Steel logs record Q3 profit of Rs.1,774 cr
Ø H&M India sales nearly double to Rs 955 cr in 2017
Mint
Ø Liquidation is anti-thesis of resolution, says IBBI chief
Ø SBI’s deposit rate hike sets stage for rise in interest rates
Ø Blackstone to buy Thomson Reuters F&R unit in a $20 billion deal
Ø Galaxy Surfactants IPO sees 19.76 times subscription on the last day
Ø Hindustan Copper plans to raise Rs1,400 crore via QIP
Ø Vedanta Q3 profit slips about 4% to Rs2,053 crore, lags estimates
Financial Express
Ø GST E-way Bill mandatory from Thursday
Ø Suresh Prabhu to meet industry next month on new industrial policy
Ø Banks can keep recap bonds in HTM category minus any limit
Ø Middle Eastern countries must broaden tax bases: IMF
Ø Samsung Electronics reaps $39.30 billion net profit in 2017
Ø Walmart to pick up 15-20 per cent stake in Flipkart: Report
Financial Chronicle
Ø TVS Motor launches crusade against copy cats
Ø India moves to stub out tobacco industry rights
Ø Hero MotoCorp re-enters premium segment with new Xtreme 200R bike
Ø Bulk deposit rates rise as credit growth picks up momentum
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
30th Jan. 2018
Economic Times
Ø Reliance on direct taxes on decline: Economic Survey
Ø Formal sector employment higher than believed: Survey
Ø India has no export superstars: Economic Survey
Ø Government to complete Air India sale by next fiscal: Survey
Ø Government policy, global prices led to rise in steel export: Economic Survey
Ø Aircel lenders led by SBI agree to restructure debt
Business Standard
Ø Economic Survey 2018: Telcos under stress due to debt pile, tariff war
Ø At Rs 6.11 trillion, TCS overtakes RIL as most valued Indian firm again
Ø HDFC Q3 net up three-fold to Rs 56.7 bn on part sale of life insurance arm
Ø Economic Survey 2018: Claims worth Rs 3.13 trn under insolvency proceedings
Ø Sanofi beats Novo to buy Ablynx for $4.8 billion in biotech M&A boom
Business Line
Ø 50% increase in indirect taxpayer base post GST: Eco Survey
Ø Economic Survey 2018: FY19 GDP growth seen at 7-7.5%
Ø Strides Shasun arm gets USFDA nod for HIV drug
Ø Mahindra Logistics Q3 PAT rises 35%
Ø GST mop-up on track; fisc not under threat
Ø Pepper trade seeks 5% MEIS only on net export earnings
Mint
Ø Climate change may reduce farm incomes by up to 25%: Economic Survey
Ø L&T crosses Rs2 trillion market cap for the first time
Ø Tech Mahindra Q3 net profit up 10% to Rs943 crore
Ø Reliance Jio to raise up to $2.2 bn debt to fund RCom deal
Ø Century Textiles and Industries Q3 net profit jumps four times to Rs89.94 crore
Financial Express
Ø Fiscal deficit may be slightly higher than target, says NITI Aayog VC Rajiv Kumar
Ø India’s crude steel production rises 6.2% to 101.4 MT in 2017
Ø Air India disinvestment: Foreign player keen on 49% stake says Avaiation Secy
Financial Chronicle
Ø FDI equity inflows to services grew by 15% in 2017-18
Ø Sebi fines Tibrewala Rs 25 lakh in Fineotex Chemical IPO case
Ø SC asks firm to show its bonafide in purchasing Unitech's land
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29th Jan. 2018
Economic Times
Ø EXIM Bank raises $10 billion in LSE bond issue
Ø China declares intention to improve ties with Japan
Ø Volkswagen condemn diesel fume tests on monkeys
Ø Tax sops for electric vehicles likely in Budget
Ø Honda Motorcycle inching closer to Bajaj for No 2 slot
Ø Ebix, London-based investor in race to acquire Educomp
Business Standard
Ø Last date for Bhushan Power & Steel bids extended
Ø FM to conduct performance review of heads of 12 banks
Ø Industries using iron ore want NMDC to roll back raw material price hike
Ø Investments in P-notes surge to 6-month high of over Rs 1.5 trillion in Dec
Ø 'Door is open' if Britain wants to change mind on Brexit: Top EU official
Ø JSW may double its bid to Rs 300 bn for debt-laden Bhushan Steel: Sources
Business Line
Ø GST mop-up on track; fisc not under threat
Ø India likely to put pedal to metal on asset sales
Ø Enercon readies biggest wind turbines for India
Ø RIL’s KG-D6 gas fields Q3 production drops to 4.9 mmscmd
Ø PSBs need to adapt to stay competitive
Ø Seafood exports to cross $6 bn in current fiscal: MPEDA
Mint
Ø SBI may seek fresh bids to select IRPs for Videocon firms
Ø Sebi likely to revamp shareholding, net worth norms for exchanges
Ø Reliance Jio to raise up to $2.2 billion debt to fund RCom deal
Ø Telecom, technology and BFSI push India M&A activity to over $50 billion in 2017
Ø GM aims to ramp up component exports from India
Ø Essar Power to surrender Tokisud coal mine, seeks Rs490 crore refund
Financial Express
Ø Commerce Ministry for single GST rate on multimodal transport of vehicles
Ø FM Arun Jaitley hints at more cuts in GST rates
Ø Indian seafood exports to touch Rs 40,000 cr
Ø Top global business leaders to attend Assam summit
Ø Idea Cellular seeks govt nod for raising FDI limit to 100 %
Financial Chronicle
Ø BharatNet likely to get 100% hike in allocation
Ø Performance review of heads of 12 banks on cards
Ø Tata Power aims to have major contribution from clean sources
Ø Aadhaar an identification, not profiling tool: UIDAI
Ø ONGC hungry for more buyouts, eyes GAIL’s pipeline business
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
25th Jan. 2018
Economic Times
Ø Keep promoters out of insolvency process: Rajan
Ø DIPP notifies FDI relaxation in several sectors
Ø Govt decision on IDBI Bank privatisation stands: Jaitley
Ø India ranks 177 out of 180 in Environmental Index
Ø ICICI Bank lends ONGC Rs 4K cr for buying HPCL
Ø 58% banks report rise in bad loans in July-Dec: Survey
Business Standard
Ø ONGC gets govt nod to sell stake in IOC, GAIL to fund HPCL acquisition
Ø United Spirits Q3 profit slips 9% to Rs 1.3 bn on the back of market change
Ø Ex-RBI chief Raghuram Rajan says India rate panel's doing a good job
Ø R-Infra plans captive use of 18 EVs, will set up charging stations
Ø India should focus on women's inclusion in economy: IMF chief at WEF
Business Line
Ø Bacardi to buy out Patron tequila in $5.1 billion deal
Ø CBI to investigate NTPC, MMTC, others over coal imports
Ø Bharat Dynamics files papers for IPO with SEBI
Ø Tata Intl plans to double agri exports to $76 million by 2021
Ø L&T Technology Q3 net up 16% at Rs. 126 cr
Ø Welspun Corp plans to raise Rs. 250 cr via NCDs
Mint
Ø GDP may grow to 7% in FY19 as GST impact wanes: HSBC
Ø Bharat Biotech's diarrhoea vaccine gets WHO nod
Ø TCS m-cap crosses Rs. 6 lakh cr mark
Ø Vijaya Bank Q3 net drops 65% to Rs. 79.56 cr on higher provisioning
Ø New broker regulations will be out 'any time': IRDAI chief Vijayan
Ø Airtel gets regulatory nod for Tigo Rwanda acquisition
Ø Greenko, Tata, Adani, Torrent eye Odisha power distribution business
Ø Idea’s Q3 loss triples to Rs1,285.6 crore on IUC cut, Jio tariff war
Ø SoftBank leads $865 million investment in start-up Katerra
Ø Canara Bank’s Q3 profit plunges 61% to Rs126 crore
Financial Express
Ø Wipro picks up minority stake in Harte Hanks for $9.9 million
Ø Gems, jewellery exports decline 4.65 per cent in April-December 2017
Ø High penalty, licence renewal for discoms in electricity bill
Ø Marketing technology firm Netcore expands global presence
Ø Reliance Retail breaks into top 250 list of global retailers, says report
Financial Chronicle
Ø US Senate confirms Jerome Powell as next Fed chairman
Ø Mobile handset makers to add another 5 lakh jobs in two years
Ø Open interest in derivatives on rise as Feb 1 approaches
Ø Market witnesses biggest pre-budget rally in 10 yrs
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
24th Jan. 2018
Economic Times
Ø Modi shows Davos his $5-trillion plan for India
Ø ArcelorMittal opts out of Bhushan Steel race
Ø NCLT: Tatas oppose SP Group representation on board
Ø Japanese investment jumps to $4,709 million in FY17
Ø ONGC ties up 18K-cr loan from 3 banks for buying HPCL
Ø FM Jaitley invites ASEAN nations to invest in India
Ø Jio may soon pip Idea, Voda's revenue market share
Business Standard
Ø ONGC gets govt nod to sell stake in IOC, GAIL to fund HPCL acquisition
Ø United Spirits Q3 profit slips 9% to Rs 1.3 bn on the back of market change
Ø Ex-RBI chief Raghuram Rajan says India rate panel's doing a good job
Ø R-Infra plans captive use of 18 EVs, will set up charging stations
Ø India should focus on women's inclusion in economy: IMF chief at WEF
Business Line
Ø Bacardi to buy out Patron tequila in $5.1 billion deal
Ø CBI to investigate NTPC, MMTC, others over coal imports
Ø Bharat Dynamics files papers for IPO with SEBI
Ø Tata Intl plans to double agri exports to $76 million by 2021
Ø L&T Technology Q3 net up 16% at Rs. 126 cr
Ø Welspun Corp plans to raise Rs. 250 cr via NCDs
Mint
Ø Comm Ministry wants no price curbs on most farm exports
Ø IMF, World Bank laud RBI for ‘strengthening’ supervision
Ø NMDC keen to augment mineral production in Odisha
Ø Govt set to hit divestment goal for first time post ONGC-HPCL deal
Ø DCM Shriram’s Q3 profit up 56% at Rs213 crore
Ø Maruti plans to launch four products in next 12-18 months
Financial Express
Ø VMware joins NxtGen to deliver scalable Cloud experience
Ø SBI sees bad-loan provisions as biggest challenge
Ø Final arbitration hearings on India tax demand in August: Cairn
Ø CBI probes Rs 487 crore coal import scam
Financial Chronicle
Ø Globalisation is losing its lustre: Modi
Ø West must share benefits of growth with emerging world: Rajan
Ø Wheat output may decline 2.31% to 96.1 million tonnes
Ø Market witnesses biggest pre-budget rally in 10 yrs
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
23rd Jan. 2018
Economic Times
Ø Gross NPA may rise to Rs 9.5L crore by March: Study
Ø 'Tata Sons must consider buying out SP Group's stake'
Ø Budget '18: Govt may hike agri-credit target to Rs 11L-cr
Ø India sees scope for more integration among oil cos
Ø HPCL may acquire MRPL in cash, share-swap deal
Ø NCLT seeks McD reply on showcause notice
Business Standard
Ø Oil ministry seeks cut in excise duty on petrol, diesel
Ø RoC halts registering new cryptocurrency exchanges under Companies Act
Ø Axis Bank Q3 profit up 25% to Rs 7.2 bn as net interest income grows
Ø Ashok Leyland eyes 5-fold increase in light CVs' export; to invest Rs 4 bn
Ø Budget 2018: Agri-credit likely to increase to Rs 11 trn for better flow
Ø Tencent-backed Practo sees losses triple to Rs 1.9 b in FY17
Business Line
Ø India ranks 62nd on WEF’s Inclusive Development Index
Ø GNFC registers highest-ever performance in December
Ø India’s richest 1% corner 73% of wealth generation: Oxfam
Ø Sanofi to buy Bioverativ for $11.6 billion
Ø US FDA completes inspection of Shilpa Medicare Raichur units
Ø IFMR Capital facilitates SPiCE bond transaction
Mint
Ø Comm Ministry wants no price curbs on most farm exports
Ø IMF, World Bank laud RBI for ‘strengthening’ supervision
Ø NMDC keen to augment mineral production in Odisha
Ø Govt set to hit divestment goal for first time post ONGC-HPCL deal
Ø DCM Shriram’s Q3 profit up 56% at Rs213 crore
Ø Maruti plans to launch four products in next 12-18 months
Financial Express
Ø Nearly 4% of GDP is lost due to malnutrition, says Assocham, EY joint report
Ø India asks Germany to help relax new EU rice import rule
Ø Tiger Global is said to take a $1 billion stake in Barclays
Ø India’s richest 1% corner 73% of wealth generation: Survey
Ø Larsen & Toubro launches second offshore patrol vessel
Financial Chronicle
Ø India’s rising government bond yields are credit negative for its public-sector banks
Ø Govt has run away by classifying NSEL crisis as private dispute: Charry
Ø Goa miners expect lifting of iron ore limit by SC
Ø Sugar prices tumble on panic sale by mills
Ø Silver imports nearly doubled in 2017, thanks to GST
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
22nd Jan. 2018
Economic Times
Ø Equity investment limit for EPFO may be raised to 25%
Ø 'ONGC, HPCL must respect each other’s autonomy'
Ø India to become fastest growing large economy in 2018
Ø Trying to bring petrol, diesel under GST: Pradhan
Ø ONGC hikes debt-raising by 40% to fund HPCL buy
Ø Jaitley likely to address Sebi, RBI boards on Feb 10
Ø FPIs pour in Rs 8,700 crore in January so far
Business Standard
Ø Sebi to open consent doors for serious violations, cut burden of cases
Ø Over 20% of TCS' hiring in last 12 months was outside India
Ø Aluminium makers want duty hike on scrap, abolition of coal cess
Ø UP likely to give Rs 20 billion dole to sick govt sugar mills
Ø AP govt selects Adani Ports to develop Bhavanapadu Port
Ø Saudi Arabia calls for extending non-OPEC cooperation as oil prices rise
Business Line
Ø Govt eases rules for issuing CDC for seafarers
Ø HPCL board will be similar to MRPL, OVL: ONGC chief
Ø Grasim gets eco clearance for Rs. 2,560 cr expansion project
Ø MF folios touch all-time high of 6.65 crore on strong retail participation
Ø Jyothy Labs to ride on ayurveda wave
Mint
Ø Comm Ministry wants no price curbs on most farm exports
Ø IMF, World Bank laud RBI for ‘strengthening’ supervision
Ø NMDC keen to augment mineral production in Odisha
Ø Govt set to hit divestment goal for first time post ONGC-HPCL deal
Ø DCM Shriram’s Q3 profit up 56% at Rs213 crore
Ø Maruti plans to launch four products in next 12-18 months
Financial Express
Ø Nearly 4% of GDP is lost due to malnutrition, says Assocham, EY joint report
Ø 49% Indian companies not likely to secure sensitive data in cloud: Survey
Ø Commerce ministry for removal of sunset clause for SEZs
Ø GST anti-evasion: Cess likely on pan masala at manufacturing stage
Ø Call drops issue telco-specific, can not be generalised: COAI
Ø ONGC to borrow Rs 35,000 cr
Ø Govt may tweak tax slabs, bring standard deduction
Financial Chronicle
Ø JLR ready to launch e-car in India this year
Ø Market experts slam Sebi plans to raise F&O lot size
Ø Two-year moratorium on tax on haircut, interest forgone likely
Ø Acharya bats for online platform to sell bad loans
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
19th Jan. 2018
Economic Times
Ø GST Council slashes rates on 29 items to zero per cent
Ø US, EU, Japan object to India raising Duty on electronics
Ø Bharti Airtel Q3 net profit slumps over 39% YoY
Ø Tech Mahindra to pick up 17.5% stake in Altiostar
Ø Banks have only themselves to blame: RBI dy guv
Ø Government to consider hike in sugar import duty
Ø Court orders issuance to Mallya and18 others
Business Standard
Ø Govt working on centralised bidding to reduce cost of electricity
Ø RIL to spend another $23 bn on Jio over next 3-4 years, says Moody's
Ø L&T Finance Holdings plans to raise Rs 40 bn via QIP, appoints four bankers
Ø Hindustan Zinc Q3 profit declines 4% to Rs 22.3 bn on higher expenses
Ø MCX gets Sebi's approval for deliverable futures contract in brass
Business Line
Ø Apple to pay $38 bn in foreign cash taxes
Ø ‘India will need $125 bn to fund renewables dream’
Ø Global digital health VC funding up 42% at $7.2 b
Ø ‘Six more months needed to recover from demonetisation’
Ø Ultratech Cement Q3 profit falls 23% on raw material price rise
Ø Suven gets product patents in China, Sri Lanka
Mint
Ø GST Council approves changes to composition scheme
Ø Airbus handed A380 lifeline with $16 billion Emirates order
Ø Adani Ports Q3 profit up 19.51% at Rs1,001 crore
Ø Hindalco’s Aleris acquisition bid may face competition from Vedanta
Ø Infosys’s struggles with M&A deals a test for new CEO
Ø SBI wary of selling bad loans to ARCs
Financial Express
Ø E-Way Bill: Penalty clause on non-compliance to be implemented by March 1
Ø Government’s fiscal consolidation plan likely to continue: Report
Ø India Ratings projects economic growth at 7.1% next fiscal
Ø Yes Bank ties up with Amplus Energy Solutions
Financial Chronicle
Ø Govt eyes 20 m foreign tourists by '20, to double Fx earnings
Ø Zinc Fortification in Indian Soils, to Supplement Zinc Deficiency in Human Body
Ø FinMin banks on airwave sale for revenue in FY19
Ø IndiGo, Jet among dozen bidders for RCS hinterland routes
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
18th Jan. 2018
Economic Times
Ø HUL Q3 profit jumps 28% YoY to Rs 1,326 crore
Ø Direct tax mop-up jumps 19% to Rs 6.89L cr this fiscal
Ø PFRDA relaxes withdrawal norms under NPS
Ø Satyam case: PWC moves SAT against SEBI ban
Ø India to auction 55 oil and gas exploration blocks
Ø Bitcoin slumps to $10,000, half its peak price
Ø Sri Sri's FMCG brand Tattva to open 1000 stores
Business Standard
Ø Centre mulls permitting 100% foreign investment in private banks
Ø JFE-JSW, ArcelorMittal, Vedanta to bid for Bhushan Steel
Ø RITES files draft papers with Sebi to raise Rs 6 billion via IPO
Ø Jubilant Life Sciences Q3 net surges 80% to Rs 2.12 bn on robust sales
Ø Ashok Leyland signs pact with Israel-based Phinergy for electric CVs
Ø BofA Q4 net slumps on $2.9-bn tax charge, adjusted income beats estimates
Business Line
Ø Govt cuts 2017/18 additional market borrowings to Rs 20K cr
Ø Adani group to invest Rs.750 cr in West Bengal
Ø JB Chemicals & Pharma gets European GMP approval for Gujarat facility
Ø Huge opportunity to export LNG to India, China: IEA chief
Ø India to be $5 trillion economy in 8-9 years: Suresh Prabhu
Ø Govt to auction 55 oil, gas exploration blocks on Thursday
Mint
Ø Tata group hires EY to explore sale of oil and gas business
Ø Amalgamation scheme: Tata Power shareholders’ meet on 19 February
Ø Sensex crosses 35000 as govt moves to contain fiscal deficit
Ø Srei reports 56% jump in Q3 net profit at Rs105 crore
Ø Amber Enterprises IPO fully subscribed on Day 1
Ø Sugar processors undermine margins to meet payments to cane farmers
Financial Express
Ø Fitch downgrades outlook on Adani Transmission to negative
Ø Xiaomi claims responsibility of WhatsApp ‘obsolete’ error problem
Ø Bharti Infratel Q3 net profit drops 6% to Rs 585 crore
Ø Trai to meet telcos on January 23 to chart out 2018 agenda
Ø All 14 types of Rs 10 coin valid, legal tender: RBI.
Financial Chronicle
Ø HSBC InvestDirect Securities settles case with Sebi
Ø Israel and India join hands to boost defence ties
Ø Israel PM speaks of hard power, praises India on ease of doing biz
Ø New licencing system for contract staffing firms on cards
Ø HPCL’s 51.11% stake sale to ONGC may fetch moderate gains
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
17th Jan. 2018
Economic Times
Ø Government to deregister 1.20 lakh more companies
Ø Global IT spend to touch $3.68 tn this year: Gartner
Ø Bring oil, natural gas under GST: CII to govt
Ø Citi reports $18.3 billion loss on tax law in Q4
Ø India earned $27 bn from foreign tourism: Minister
Ø India to launch auction for 55 exploration blocks
Business Standard
Ø Sebi to vet Tata Sons bid to go private, evaluate minority interest
Ø Black money stashed in Singapore banks since 2008 now under govt scanner
Ø Patanjali to soon roll out textile portfolio 'Patanjali Paridhan': Ramdev
Ø MCX Q3 net declines 45% to Rs 187 mn on lower volumes
Ø Newgen Software Rs 4.25-bn IPO receives 20% subscription on day one
Business Line
Ø IndianOil in tie-ups with Israeli firms
Ø Bajaj Finance to acquire 12.6% stake in Mobikwik
Ø TCS bags $690-million contract from M&G Prudential
Ø ‘Expect India’s rank to improve in global IP index’
Ø Biscuit manufacturers call for lower GST rate
Ø Food subsidy bill may swell by 10% in 2018-19 budget.
Mint
Ø Bitcoin fever hits US real estate market
Ø WEF ranks India 30th on global manufacturing index, Japan tops
Ø Govt may drop proposal on self-reporting of income estimates, tax payments
Ø Gold prices hit 7-week high on global cues
Ø HDFC to raise Rs11,104 crore from investors including GIC, KKR
Financial Express
Ø After Qatar and Australia, Russia lowers LNG price for India
Ø Higher tax provision caps ICICI Lombard net growth at 5%
Ø Dow Jones Industrial Average hits 26,000 for first time on earnings optimism
Ø GoM on GST Network to meet on Wednesday
Ø Resolution road: ONGC-HPCL deal went through a roller-coaster ride.
Financial Chronicle
Ø Four rail corridors to complete 'golden quadrilateral' likely to get nod in budget
Ø Evolution of 5G ecosystem to take 18-24 more months: Rajan S Mathews
Ø Bank of India seeks to exit STCI Finance this fiscal
Ø IOC braces for a green future
Ø Sebi set to issue final order against 5 brokerages involved in NSEL scam.
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
16th Jan. 2018
Economic Times
Ø India to inspect pharma cos' factories in US
Ø Govt to split Air India into four parts ahead of sale
Ø RBI may revise upwards inflation forecast for the year
Ø Trade deficit touches 3 year high in December
Ø 50K telecom jobs may be axed in next six months
Ø PM promises more reforms, invites Israeli biz
Ø Gold imports surge 72% in Dec on high demand
Business Standard
Ø Capital expenditure done, Reliance Industries now eyes debt reduction
Ø Rs 500-bn additional borrowing reflected in our forecast: William Foster
Ø NPA disclosure rules: Sebi keen on implementing a revised proposal
Ø Essar Oilfield Services eyes 20% rise in revenues at Rs 3.6 bn in FY19
Ø Invest at least $1 billion into Aircel or go to NCLT, lenders warn Maxis
Business Line
Ø Mercator restarts coal operations in Indonesia
Ø Kodak may bring crypto coin to India
Ø JSW Cement sees synergy in Monnet Ispat, Bhushan Steel buyout
Ø IDBI Bank board okays preferential issue of capital to GoI
Ø EDII-incubated startups get Yes Bank funding of Rs.1.16 cr
Ø SBI calls bids to sell Bilpower properties in Baroda
Mint
Ø Bitcoin fever hits US real estate market
Ø WEF ranks India 30th on global manufacturing index, Japan tops
Ø Govt may drop proposal on self-reporting of income estimates, tax payments
Ø Gold prices hit 7-week high on global cues
Ø HDFC to raise Rs11,104 crore from investors including GIC, KKR
Financial Express
Ø Lupin forays into OTC segment; eyes Rs 300 cr turnover in 5 years
Ø PE investments in realty up 17% in 2017,dips 29% in residential
Ø Coal price hike to impact secondary steel makers, says Icra
Ø Larsen & Toubro wins Rs 1,310 crore contracts; stock down
Ø US auto industry jobs down under Donald Trump
Financial Chronicle
Ø Four rail corridors to complete 'golden quadrilateral' likely to get nod in budget
Ø Evolution of 5G ecosystem to take 18-24 more months: Rajan S Mathews
Ø Bank of India seeks to exit STCI Finance this fiscal
Ø IOC braces for a green future
Ø Sebi set to issue final order against 5 brokerages involved in NSEL scam.
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
15th Jan. 2018
Economic Times
Ø Min panel's proposal to end MAT on SEZs under review
Ø C Sivasankaran warns of ‘action’ against Cyrus Mistry
Ø Arun Jaitley launches India’s 1st agro options contract
Ø Cairn India to invest Rs 37K cr to ramp up production
Ø Govt's new audit clause may give Big 4 a serious jolt
Ø Auto firms to report robust profit growth in Q3
Ø Rails supplied to railways are defect free, says SAIL
Business Standard
Ø NPA disclosure rules: Sebi keen on implementing a revised proposal
Ø Govt working on new schemes for next foreign trade policy to boost exports
Ø Finished steel exports surge 29% in Dec; imports slip 26%
Ø Govt to auction over 9,400 'enemy' properties worth Rs 1tn
Ø P-notes investment declines from Rs 1.31 trn to Rs 1.28 trn in November
Ø Significant competition ahead from pvt sector: CIL chairman
Business Line
Ø SEBI permits voluntary exit of two exchanges
Ø GDP growth not justifiable unless benefits reach farmers:FM
Ø Doing business rankings based on hard data: World Bank
Ø Vedanta urges govt to resolve retrospective tax issues
Ø Nine of 10 most valued firms add Rs. 66,619 cr in m-cap
Ø SEBI plans rules for uniform pricing of corporate bonds
Mint
Ø Bitcoin fever hits US real estate market
Ø WEF ranks India 30th on global manufacturing index, Japan tops
Ø Govt may drop proposal on self-reporting of income estimates, tax payments
Ø Gold prices hit 7-week high on global cues
Ø HDFC to raise Rs11,104 crore from investors including GIC, KKR
Financial Express
Ø Major disinvestment push by government, looks to exit India Tourism Development completely
Ø Local solar manufacturers differ on safeguard duty suggestion
Ø IT industry uncertainties settled down but Artificial Intelligence big challenge: NASSCOM
Ø SAT asks Irdai to hear Sahara Life transfer afresh
Financial Chronicle
Ø India needs more inclusive, active social policies, says economist Jean Dreze
Ø Housing and Urban Affairs Ministry seeks three-fold hike in Budget allocation
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
12th Jan. 2018
Economic Times
Ø NCLT orders shutting NRE Coke but with a twist
Ø Tata Group pares Rs 17,000 crore of teleservices debt
Ø India a top borrower from China-sponsored AIIB in 2017
Ø India can be investment hub for firms leaving China: US
Ø Vijay Mallya in UK court for hearing in extradition case
Ø Govt to examine Sebi order against Price Waterhouse
Ø Brexit may cost nearly 500,000 jobs in Britain
Business Standard
Ø Sebi curb: PWC set to lose 75 listed firms to rivals
Ø Exporters ask govt to provide barter deal with agri-deficit nations
Ø NCLT adjourns insolvency case against Reliance Naval by IFCI to Jan 18
Ø R Infra likely to win NTPC's EPC project worth Rs 5.67 bn
Ø Vatika Hotels buys back shares from Goldman for Rs 3 bn, plans IPO in Q3
Ø South Korea prepares to ban cryptocurrency trading, exchanges raided
Business Line
Ø US mulling free trade agreement with India
Ø CIL to price non-coking coal on per unit calorific value basis
Ø Dish TV to relook Videocon merger deal
Ø Passenger vehicle sales rise 5.22% in December
Ø RBI, Nabard flag inclusion of cooperative banks
Ø Telecom subscriber base falls to 118 cr in November
Mint
Ø Rel Jio planning its own cryptocurrency called JioCoin
Ø TCS Q3 profit dips 3.6% on financial sector weakness
Ø World’s top-ranked crypto venue added 240,000 users in one hour
Ø IndusInd Bank Q3 net profit rises 25% to Rs936.25 crore
Ø UIDAI allows Airtel Aadhaar-based verification till 31 March
Ø IBM to reassign 30% of staff in 2018: report
Financial Express
Ø Major disinvestment push by government, looks to exit India Tourism Development completely
Ø Local solar manufacturers differ on safeguard duty suggestion
Ø IT industry uncertainties settled down but Artificial Intelligence big challenge: NASSCOM
Ø SAT asks Irdai to hear Sahara Life transfer afresh
Financial Chronicle
Ø Bond losses to impact Q3 of public sector banks
Ø Initial offers to flood market in Q1 of 2018
Ø Software makers’ Q3 profit to shrink on muted demand
Ø FinMin rejects railways’ demand for 10% rise in outlay
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
11th Jan. 2018
Economic Times
Ø IFC set to invest Rs 2,800 crore in MP Solar park
Ø Homes get cheaper due to note ban, GST, RERA
Ø Mumbai-Delhi world’s 3rd-busiest air route
Ø Paytm splitting biz helped it cut losses by 40%
Ø LVMH likely to fund Baba Ramdev's Patanjali
Ø India begins countdown to launch 31 satellites on Friday
Business Standard
Ø Samsung eyes growth in consumer electronics business in 80 districts
Ø Focus on jobs, farms, and fiscal consolidation: Economists tell PM
Ø Top 100 Indian firms should put 10% profits into CSR: Narayana Murthy
Ø RIL's Mukesh Ambani in talks to buy out Jai Corp's 24% stake in NMSEZ
Ø Bharti Infratel downgrade cycle likely to continue over next three quarters
Ø India Nippon Electricals surges 10% on stock split, interim dividend plan
Business Line
Ø India to grow at 7.3% in 2018: World Bank
Ø Maruti Suzuki hikes prices by up to Rs. 17,000
Ø In big Europe push, Liberty House buys Rio Tinto’s French aluminium smelter
Ø Relief for smaller wind power projects as feed-in tariffs to stay
Ø Wall Street falls on China, NAFTA concerns
Mint
Ø UIDAI introduces virtual ID, limited KYC for Aadhaar card holders
Ø Home sales drop to seven-year low in 2017: report
Ø 100% FDI in single-brand retail via automatic route gets cabinet nod
Ø Govt liberalizes FDI regime, nod for 49% foreign investment in Air India
Ø India to be fastest growing economy again in 2018: World Bank
Financial Express
Ø Aadhaar security: A virtual ID now to make it safer
Ø Working with countries like India a good thing, says Donald Trump
Ø Central Depository Services gets buy rating by JM Financial
Ø New Tamil Nadu e-governance policy aims to offer all services online by 2023
Ø Big real estate development! Trump Towers makes its debut in Gurugram
Financial Chronicle
Ø SBI in image makeover mode; don’t belch, tells staff
Ø Software makers’ Q3 profit to shrink on muted demand
Ø Trump’s willingness to deal on immigration gives talks urgency
Ø Separate agri budget for Telangana from this year
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
10th Jan. 2018
Economic Times
Ø New industrial policy in few months: Suresh Prabhu
Ø Telecom services cost may rise by 10%
Ø CIL new pricing policy to be linked with quality
Ø Spectrum holding cap set to be relaxed
Ø Jio price cut to delay telcos' Arpu recovery in 2018
Ø Crude oil rises above $68 for first time since May 2015
Business Standard
Ø AI disinvestment process moving 'expeditiously': Govt
Ø RBI's first defaulter list: Liquidation value of steel firms at Rs 540 bn
Ø Insolvency resolution: Vedanta, Tata Steel submit bids for Electrosteel
Ø Sovereign wealth fund proposal back; may become holding company for assets
Ø Essar in talks to sell its Equinox office to Brookfield for Rs 24 billion
Ø Rs 6-trn direct tax collection rescues govt in fiscally difficult year
Business Line
Ø NMDC gets robust response for OFS
Ø Wheat holding up to fog, ground frost; caution on pest attack
Ø PM to commence Barmer refinery project next week: Pradhan
Ø FMCG revenue seen rising 14.8% in Q3 on better rural demand
Ø BIL Energy to turn ex-bonus on Thursday
Mint
Ø Rural indicators point to worsening farm distress
Ø Marks & Spencer seeks technology savings through TCS tie-up
Ø Essar in talks with Brookfield to sell office buildings in Mumbai for Rs2,400 crore
Ø NCLT approves demerger of Emaar MGF
Ø 84 McDonald’s restaurants in north, east India to reopen this week
Financial Express
Ø Food bill: Unpaid subsidy may touch Rs 1.25 lakh crore
Ø India mulls 70% safegaurd duty on solar equipment imports
Ø Reliance Infrastructure moves MERC for sale approval of Mumbai power biz to ATL
Ø Mexico inflation climbs at 16-1/2 year high, seen pressuring central bank
Ø Nifty shows early signs of exhaustion
Financial Chronicle
Ø IOB defends decision to set off losses from share premium a/c
Ø Coal India raises thermal coal prices to pay for salary rise
Ø South Indian Bank Q3 net rises 3% to Rs 115 crore
Ø Rs 6,000 cr Bharat-22 ETF round II fund raising likely in Feb
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
9th Jan. 2018
Economic Times
Ø NPPA lens on 5 cos for Hepatitis C drug overcharge
Ø Investors poured $235 bn into emerging markets: IIF
Ø Affordable home-loans next threat to banks: Report
Ø Govt to sell 1.5% in NMDC at Rs 153.5 per share
Ø Adani's net worth soared fastest; Ambani's swelled 80%
Ø Agreeable to consolidation of both arbitrations: Voda
Ø Nabard plans to double balancesheet to Rs 7 trillion
Business Standard
Ø Videocon Industries Q2 net loss at Rs 10.33 billion
Ø Most hedge funds junk participatory notes for direct FPI route
Ø SBI to raise up to $2 bn through overseas bonds to fund expansion
Ø Unichem Labs Q3 net profit at Rs 25 bn
Ø Ponzi scam: ED attaches PACL group's property worth Rs 4.72 bn
Ø Workers, employees of Gujarat NRE Coke likely to move Supreme Court
Business Line
Ø Rural economy, monsoon to boost FMCG firms in 2018
Ø Lohia Auto scouting for land to set up greenfield plant in South
Ø Managerial pay: Stricter norms for defaulting companies
Ø Adani arm breaks into global top 15 list of solar power developers
Mint
Ø Govt notifies amendments to Companies Act
Ø DoT to discuss call drops with telcos, Trai on 10 January
Ø Brigade Enterprises may list proposed hotel unit as REIT
Ø Tata Steel’s India business to see volume-led growth in December quarter
Ø Orchid Pharma gets EIR from USFDA for its Chennai facility
Financial Express
Ø Rupee slides from 32-month high, falls 13 paise against US dollar
Ø Government assures sugar companies to hike duty on cheap Pakistan imports: ISMA
Ø Larsen & Toubro Construction bags orders worth Rs 2,265 crore
Ø GVKPIL signs deal for Navi Mumbai international airport
Financial Chronicle
Ø Sebi seeks new tax rules for hedge funds
Ø Strong lenders to get lions’ share of Rs 80K cr recap bonds
Ø Rural economy, monsoon to boost FMCG
Ø BharatNet phase 2 to be complete by December
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
8th Jan. 2018
Economic Times
Ø Finmin asks PSBs to back stressed small businesses
Ø Information technology sector may see muted Q3
Ø 'Growth may be higher than CSO estimate of 2.1%'
Ø 'US FDA may inspect Sun Pharma’s Halol site in Feb'
Ø Insider trading: Orders against ex-MCX staff revoked
Ø Equity MFs inflow at record Rs 1.3L crore in 2017
Business Standard
Ø Chinese pharma firms may be blacklisted over quality
Ø JSPL to raise Rs 10 bn via QIP in February: Naveen Jindal
Ø Oil price hike shadow on govt, aviation industry
Ø BSE to auction investment limits for Rs 66-bn govt bonds
Ø Sheenlac Paints eyes takeover of JV with JNIL as latter enters NCLT
Ø NPA crisis: 1,463 bad loan accounts owe PSU banks Rs 1 bn or more
Ø Insolvency resolution: Sajjan Jindal's JSW Steel may bid for Uttam Galva
Business Line
Ø NPCI plans to upgrade Unified Payments Interface
Ø Centre readies PSUs for stake sale in FY19
Ø Govt may opt for fiscal deficit range in Budget: ICRA
Ø ‘Farm growth may be higher than estimate’
Ø CBDT relaxes norms for MAT on firms facing insolvency
Ø Essar’s AGC Networks to enter new markets
Mint
Ø Q3 earnings likely to show first signs of revival
Ø SBI reviewing minimum balance requirement, to make announcement soon
Ø NACL Industries gets board approval to raise Rs3,000 crore
Ø Paytm Payments Bank, IndusInd tie-up for fixed deposit facility
Ø Aban Offshore promoters offer $600 million one-time settlement to lenders
Financial Express
Ø Greater clarity needed in anti-profiteering rules: CII
Ø Base effect lifts credit growth to 10.65 per cent in December
Ø BSES launches rooftop solar single-point for apartment complexes
Financial Chronicle
Ø States asked to begin auction of 348 mining leases near expiry next year
Ø UCO Bank willing to take 40-45% haircut to keep book free of NPAs, says MD
Ø Strong lenders to get lions’ share of Rs 80K cr recap bonds
Ø Change in reporting methodology may hit MF performance
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
3rd Jan. 2018
Economic Times
Ø Identify source of funds for dissenting creditors: IBC
Ø Trai asks RCom to keep porting codes active
Ø Centre stops subscription for 8% GoI savings bond
Ø Salil Parekh set to take over as Infosys CEO on Jan 2
Ø Eight core sectors record 6.8 pc growth in November
Ø PFC, REC, SBI to lend Rs 11,067 cr to NLC plant in UP
Ø SBI lowers base rate by 30 bps to 8.65%
Business Standard
Ø Ruias plan to pay interest, penalty of Rs 35 bn to retain Essar Steel
Ø World Bank's IFC to offload 1.8% stake in Bandhan Bank through IPO
Ø Iron, steel cos' GNPA for PSBs in basic metals 24%: Govt
Ø JSW Energy scraps Rs 27 bn deal to buy JP Power's Bina assets over delay
Ø TVS Motor December sales up 39% to 256,909 units; exports rise 52%
Ø Surat textile industry still under subdued capacity utilisation
Business Line
Ø L&T wins Rs.2,100 cr contracts from HPCL, Reliance Ind
Ø CII urges Centre to abolish CTT on processed commodities
Ø Hyundai sales up 10% to 62,899 units in December
Ø Maruti December sales up 10.3% to over 1,30,000 units
Ø Vehicle makers, govt agencies urged to focus on road safety
Mint
Ø ONGC makes significant oil, gas discovery in Arabian Sea
Ø Govt moves to crack down on tax evasion under GST regime
Ø Banks gearing up to refer 24 of 28 large NPA accounts to NCLT
Ø ATM operators demand an increase in inter-bank charges
Ø IndusInd Bank raises $500 million from overseas lenders
Financial Express
Ø South Korean firms set to invest $9 bn in 5G tech in 2018
Ø Retail inflation for industrial workers up at 3.97% in November
Ø Govt action against McDonald's is a wake-up for all industry
Ø Centre, states, industry to discuss export situation on January 8
Ø Gujarat NRE Coke faces liquidation process as creditors reject resolution plan
Ø GAIL commissions India’s second largest rooftop solar plant
Financial Chronicle
Ø 1.6 lakh cr raised via stock market routes in 2017
Ø LIC loses business share to private players
Ø Domestic firms funded 40% asset growth via shareholders’ equity
Ø Car sales in top gear, to cross 3.4m mark on rural, semi-urban demand
Ø 35.03 million tonnes rice procured
Ø Consolidation with bullish bias will define 2018
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
1st Jan. 2018
Economic Times
Ø Fight on over micro-ATM interchange fee rates
Ø Alibaba on road to deliver $100 mn to XpressBees
Ø An aviation revolution is in the air: SpiceJet chief
Ø It’s going to be a Happy New Year for AI experts
Ø Hyundai crosses 2017 target, eyes 5-6% growth in 2018
Ø Auto engineers likely to be in demand
Ø Restaurants to make safety the main course
Business Standard
Ø Oil, Fed raise risk to 2018 equity rally
Ø Uber is in investing mode in India: Amit Jain
Ø Domestic, global flows are expected to stay favourable till early 2018
Ø Monthly hike in LPG price to return in smaller dose
Ø Assam government publishes part draft of National Register of Citizens
Ø Domestic, global flows are expected to stay favourable till early 2018
Business Line
Ø Failing banks: Govt looking at refund mechanism to protect depositors
Ø BusinessLine celebrates catalysts of change
Ø ‘Soil health cards help save urea usage 10%’
Ø Engineering exporters seek parity in domestic steel, export prices
Ø Mini-ministerial meet to find ways to revitalise WTO: Prabhu
Ø GST: New rules allow firms to take input tax credit on stocks unsold before
Mint
Ø Govt moves to crack down on tax evasion under GST regime
Ø Season’s ‘worst fog’ hits over 350 flights at Delhi airport
Ø Bitcoin exchanges set to face increased scrutiny
Ø Nationalism, women empowerment dominated Indian advertising in 2017
Ø Markets to focus on auto stocks, macro data in first week of 2018
Financial Express
Ø On Indian economy, PM Narendra Modi government, analysts upbeat about 2018
Ø French President Emmanuel Macron vows to keep up pace of reforms
Ø Assam publishes part draft of NRC with 1.9 crore names
Ø India to get $1 trillion digital economy? See big change that is in store
Ø Good news! NLC’s 1980 MW thermal power project JV in UP achieves financial closure
Financial Chronicle
Ø FinMin asks PSBs to consider selling, swapping loan assets
Ø Reverse charge mechanism to be back in GST
Ø Investors need to moderate expectations in 2018 after rip roaring 2017
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29th Dec. 2017
Economic Times
Ø Ambani to Ambani's rescue! Jio to buy RCom assets
Ø Govt introduces bill to amend IBC in Lok Sabha
Ø Telcos gross revenue dips 7% in July-Sep 2017
Ø No proposal to reconsider Air India privatisation: Govt
Ø India's first bitcoin trading app launched
Ø NITI Aayog working on policy to cut oil bill by $100 bn
Ø L&T wins Rs 1k cr deal to maintain 5 mn smart meters
Business Standard
Ø Sebi eases FPI norms; allows listing of security receipts by ARCs
Ø Govt withdraws monthly LPG price hike order
Ø BoB to acquire 51% stake in two JVs from UniCredit
Ø Sebi eases investment threshold for REITs to 50%
Ø Firms to face action for WhatsApp leak of financial details: Sebi
Ø Consider e-message for refunds, share allotments: Sebi to firms
Business Line
Ø SEBI relaxes entry norms for foreign portfolio investors
Ø ‘Explosion of data requires higher processing power’
Ø SEBI restricts rating agency monopoly
Ø SEBI caps cross-shareholding in mutual funds at 10%
Ø Renewable energy sector adds 12 GW capacity in Jan-Nov
Ø Industry, farmers reject draft contract farming Act
Mint
Ø Tata Steel appoints i-banks for $2 billion rights issue to be launched in January
Ø Sun Pharma’s US eye drug filing reason to cheer but cautiously
Ø IOB to sell Rs600 crore worth exposure in Bhushan Steel
Ø Govt to push ahead with banking reforms in new year
Ø Reliance Jio to acquire mobile business assets of RCom
Financial Express
Ø Increasing automation, Infosys spat disrupted India's IT industry
Ø Denial of info for lack of Aadhaar breach of RTI Act: CIC
Ø IndianOil to start production of biomass-based ethanol
Ø ASCI pulls up HUL, Dabur, Uber, others for misleading ads
Ø CPRL opens closed outlets, McDonald’s flags food safety flaws
Financial Chronicle
Ø Sebi eases rules to get FPIs from more nations
Ø IBC amendment bill to bar wilful defaulters tabled
Ø About 25% jobs in BFSI likely to vanish in five years
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
28th Dec. 2017
Economic Times
Ø Small savings schemes’ interest rates cut by 20 bps
Ø Daiichi asks regulators to block Fortis stake sale
Ø Govt plans to borrow extra Rs 50,000 cr in Jan-March
Ø Vedanta to buy majority stake in Japan's AvanStrate
Ø Arun Jaitley meets panel members to discuss budget
Ø Hunt for next bitcoin to spark wilder crypto swings
Ø Sebi orders Axis Bank to probe results leak
Ø Lok Sabha passes bill for GST cess hike on luxury cars from 15% to 25%
Business Standard
Ø L&T's construction arm wins orders worth Rs 1,125 cr
Ø USFDA accepts Sun Pharma's new eye drug application
Ø S&P puts Indian banks in 'Group 5' with Italy, Spain, UAE
Ø National Insurance IPO deferred to next financial year
Ø Sebi notifies norms allowing REITs, InvITs to issue bonds
Ø Oil soars, Brent crude hits $67/bbl for first time since mid-2015
Business Line
Ø Moody’s lowers OIL’s baseline credit rating to baa3
Ø DLF concludes stake sale in rental arm to GIC for Rs 9,000 cr
Ø SEBI may put 10% cross-shareholding cap in mutual funds
Ø ED attaches assets worth Rs. 177 cr in NSEL money laundering case
Ø Aurobindo gets USFDA nod for deep vein thrombosis drug
Ø ‘RBI to cut rates by 25 bps in April to signal lower lending rates’
Mint
Ø Govt signals fiscal slippage in 2017-18
Ø Bitcoin holds near $16,000 as proxy stocks add to advances
Ø Air Deccan, Air Odisha join hands to save costs
Ø Barclays takes $1.3 billion one-time hit from US Tax Bill
Ø DoT suggests cutting GST on telecom services to 12%: Manoj Sinha
Ø Lower cotton prices revive hope for spinning mills
Financial Express
Ø Insolvency: Sebi to ease compliance norms
Ø Bharatmala a big play for investors, but goal ambitious: Icra
Ø China Q4 economic trends point to slowdown in 2018, says survey
Ø Delhi government, Maruti Suzuki sign pact to develop driving tracks
Ø NBFCs retail credit growth seen at 16-18% in FY18: Icra
Ø Suzlon opens first offshore Met unit in Arabian Sea
Financial Chronicle
Ø Shoppers Stop to engage personal shoppers
Ø Toyota Kirloskar Motor expects better growth
Ø India is the largest LPG importer
Ø No GST on Viability Gap Funding disbursement
Ø REITS, InvITs allowed to issue bonds via bourses
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
27th Dec. 2017
Economic Times
Ø Bar on wilful defaulters not a moral issue: IBBI chief
Ø FinMin to issue recapitalisation bonds to PSBs in Jan
Ø Tatas need simpler mgmt structure: Chandrasekaran
Ø Non-compliance to be 'very costly' for cos: Govt
Ø Tata Steel said to seek $5.1 bn to help refinance debt
Business Standard
Ø Essar Oilfields begins drilling oil off Gujarat coast
Ø GST collections for November dip further to Rs 80,808 cr
Ø India to become world's fifth largest economy in 2018, says CEBR
Ø NSE revises penalty structure for unauthorised trades
Ø Sebi may ease FPI norms, plans new governance model for mutual funds
Ø Sebi disposes of case against OPG Sec in Prakash matter
Business Line
Ø RCom announces debt revival plan, ropes in new investor
Ø Rhizen gets orphan drug designation for cancer drug
Ø Non-ferrous metal prices to remain firm next quarter: ICRA
Ø Mahindra picks over 16% equity in Bayside Sports
Ø SBI Manufacturing index inches up to 53.1 in December
Mint
Ø RCom asset sale: Telecom sector consolidation enters its last phase
Ø Sebi slaps fine on FTIL for changing name to 63 Moons Technologies
Ø Cummins in talks to acquire Kirloskar Oil Engines in $500 million deal
Ø ONGC Videsh to buy, not drill, its way to output goal
Ø IDBI Bank disengages Moody’s from rating bonds
Financial Express
Ø Commerce ministry panel suggests change in SEZ rules
Ø Indian economy to better than UK and France in 2018, says CEBR report
Ø RCom announces debt revival plan, ropes in new investor
Ø Employee unions of public sector banks defer tomorrow’s strike
Ø PMEAC keen on infra financing outside budgetary support
Financial Chronicle
Ø IT hiring on the path of steady recovery
Ø DeMo, GST impact: Number of new EPFO subscribers drops sharply
Ø Sebi plans to revisit directive on loan default disclosure
Ø BSE firms touch Rs 50L cr as big domestic investors rival FPIs
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
26th Dec. 2017
Economic Times
Ø Divestment: Govt may target some profitable PSUs
Ø IOC, BPCL top suitors, but GAIL seeks ONGC merger
Ø PFRDA looks at ways to allow minors open NPS account
Ø RBI may extend pause on rate cut as oil prices firm
Ø Government starts safeguard duty probe on solar cells
Ø Patanjali inks Rs 671 cr pact for Chhattisgarh food unit
Business Standard
Ø Aditya Birla, Piramal-Bain, Shree make aggressive bids for Binani Cement
Ø 2G verdict: STel to move Supreme Court, seek compensation
Ø Firm domestic coking coal price upsets steel sector
Ø Nine partner countries on radar for 2nd 'Make in Odisha' conclave
Ø Individual insolvency regime to be operational in phased manner
Ø Sebi may ask companies to inform bourses as soon as loan default occurs
Business Line
Ø Dilip Buildcon gets board approval to raise Rs. 600 cr
Ø Cotton prices seen holding firm in 2018 on slow arrivals
Ø SEBI plans to revisit directive on loan default disclosure
Ø FPIs net outflow from equities at Rs. 7,300 cr in Dec so far
Ø Offshore India funds, ETFs register $565 mn inflows in Nov
Mint
Ø Sebi board to finalize norms for advisers, rating agencies
Ø Reliance Industries aims to be among world’s top 20 firms
Ø Govt starts safeguard duty probe on solar cells
Ø Indian airlines to induct over 900 planes by 2025
Ø Code for pharma marketing practices may be enforced soon
Financial Express
Ø Only 1.7% citizens paid income tax in AY 2015-16, says official data
Ø Gems and jewellery exports contract 4.8 pc in April-November
Ø SAIL may return to profit next year, says Steel Secretary Aruna Sharma
Ø Finance Ministry asks PSBs to rationalise overseas, domestic branches
Ø 1,110 more FPIs register with Sebi, indicates rising interest in capital market
Financial Chronicle
Ø HDFC M-cap of Rs 8.52 L cr is 2nd only to Tatas
Ø DoT unlikely to tinker with licence fee, spectrum charge
Ø E-comm market may cross $50b in 2018
Ø Trai inputs to DoT on NTP by January-end, says chairman
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
25th Dec. 2017
Economic Times
Ø All 2G accused, including Kanimozhi & Raja, acquitted
Ø Sebi revives proposal on loan default disclosure
Ø India needs to strengthen RBI's independence: IMF
Ø UIDAI's conditional nod to Airtel for eKYC till Jan 10
Ø JPMorgan 'breached anti-money laundering regulations'
Ø US jobless claims increase more than expected
Ø AI can infuse $957 bn into Indian economy
Business Standard
Ø 2G verdict: Telcos, investors may move arbitration courts to seek damages
Ø SGX move could trigger diplomatic row between India, Singapore
Ø Canara Bank to sell 4% stake in Canfin Homes
Ø BOJ keeps monetary policy steady; aims to achieve 2% inflation target
Ø Sun Pharma recalls two batches of diabetic drug from US market
Ø HDFC Capital creates $1 bn war chest for low-cost housing
Business Line
Ø SEBI swoops on stock traders to crack WhatsApp leak case
Ø Nationwide bank strike called on Dec 27 deferred
Ø Mukesh’s Jio leads race to buy Anil’s RCom’s assets
Ø 2018 Auto Expo to focus on future mobility ecosystem, electric vehicles
Ø Premium income likely to grow 16% this fiscal: NIC chief
Ø 'Griffin Coal Mine no longer a subsidiary of Lanco'
Mint
Ø Modi govt plans bold move to fix rural distress
Ø GST: E-way bill system set for all-India rollout by February, despite industry concerns
Ø Banking reforms: Why privatization is better than mergers
Ø Trump tax cut to make India subsidiaries of US firms less competitive
Ø Honda may set up electric car battery plant in India as part of EV push
Ø Sebi board to finalize norms for advisers, rating agencies
Ø Ambit Capital’s Saurabh Mukherjea: Sensex earnings to log a 15% rise in FY 2019
Financial Express
Ø India’s financial sector facing considerable challenges: IMF
Ø Narendra Modi Cabinet clears auction of 680 FM channels in 236 cities; set to raise Rs 1,100 crore
Ø Reliance Jio and COAI differ over mobile connectivity project in Naxalism affected regions
Ø Air India’s operational profit rises to Rs 215 crore in 2016-17
Ø Removal of stockholding limits to ease sugar prices: Ind-Ra
Financial Chronicle
Ø 2G verdict: ED to appeal acquittal of 19 accused
Ø Airtel board okays terms of Tata Tele deal
Ø RBI warns of further NPA woes
Ø RInfra sells Mumbai power business to Adanis for Rs 18.8k cr
Ø SBI report suggests bonds for bail-in of banks
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
22nd Dec. 2017
Economic Times
Ø All 2G accused, including Kanimozhi & Raja, acquitted
Ø Sebi revives proposal on loan default disclosure
Ø India needs to strengthen RBI's independence: IMF
Ø UIDAI's conditional nod to Airtel for eKYC till Jan 10
Ø JPMorgan 'breached anti-money laundering regulations'
Ø US jobless claims increase more than expected
Ø AI can infuse $957 bn into Indian economy
Business Standard
Ø 2G verdict: Telcos, investors may move arbitration courts to seek damages
Ø SGX move could trigger diplomatic row between India, Singapore
Ø Canara Bank to sell 4% stake in Canfin Homes
Ø BOJ keeps monetary policy steady; aims to achieve 2% inflation target
Ø Sun Pharma recalls two batches of diabetic drug from US market
Ø HDFC Capital creates $1 bn war chest for low-cost housing
Business Line
Ø CBI to appeal against 2G case verdict acquitting all accused
Ø FRDI Bill: ‘Govt committed to protecting interests of depositors in public sector banks’
Ø Govt may raise import duty on wheat
Ø Recap, IBC will help clean up bank balance-sheets: RBI
Ø Electric vehicles will be made based on customer survey: Maruti
Ø Govt proposes Rs. 23,450-cr scheme for rooftop solar
Mint
Ø Carlyle Group acquires stake in Visionary RCM Infotech
Ø India assures contracts for local solar panel makers in govt projects
Ø Black money: India, Switzerland ink deal for data sharing from 1 January
Ø Lodha Developers looking to raise up to $1 billion via IPO
Ø Lenders put Jaypee Group firm PPGCL up for sale
Ø Azim Premji Trust sold 2.73% stake in Wipro in share buyback offer
Ø Trai directs Aircel to submit report on subscriber port-out in 6 circles
Financial Express
Ø India’s financial sector facing considerable challenges: IMF
Ø Narendra Modi Cabinet clears auction of 680 FM channels in 236 cities; set to raise Rs 1,100 crore
Ø Reliance Jio and COAI differ over mobile connectivity project in Naxalism affected regions
Ø Air India’s operational profit rises to Rs 215 crore in 2016-17
Ø Removal of stockholding limits to ease sugar prices: Ind-Ra
Financial Chronicle
Ø 2G verdict: ED to appeal acquittal of 19 accused
Ø Airtel board okays terms of Tata Tele deal
Ø RBI warns of further NPA woes
Ø RInfra sells Mumbai power business to Adanis for Rs 18.8k cr
Ø SBI report suggests bonds for bail-in of banks
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
21st Dec. 2017
Economic Times
Ø Govt may allow 100% FDI in telecom via automatic route
Ø Aircel to shut operations in 6 circles by January 30: Trai
Ø SIAM proposes to sell only electric vehicles in India
Ø Govt aims to finalise National Telecom Policy by Mar
Ø 'Alternative assets industry in India worth $43 bn'
Ø Astron Paper IPO overall subscribed 242.72 times
Ø Creditors of insolvent cos can get shares at discount
Ø Excise, VAT may co-exist with GST on fuel
Business Standard
Ø CG Corp to set up Rs 5k-cr fund to buy hotels, resorts
Ø Bharti Airtel board clears scheme for Tata Tele takeover
Ø RBI prescribes additional corrective measures against United Bank of India
Ø Automakers seek 5% GST, IT sops for electric vehicles
Ø Rs 30,000-cr bond opportunity in power transmission: Crisil
Ø Jute sack standard dilution has hit PDS, storage: FCI
Business Line
Ø Mukesh’s Jio leads race to buy Anil’s RCom’s assets
Ø Edelweiss Wealth Management acquires Religare’s securities business
Ø Essar Oil (UK) posts $169 mn profit in H1 FY17
Ø Non-core business activities of stock exchanges under SEBI lens
Ø Bitcoins cannot be ignored: SEBI chief
Mint
Ø RBI puts Bank of India under prompt corrective action
Ø HDFC sells 6.3% in CAMS to Warburg Pincus arm for Rs210 crore
Ø Shell companies: Govt may provide relief for disqualified directors
Ø Users’ consent must for changing bank accounts to receive subsidies: UIDAI
Ø Tata Tele Mah posts net loss of Rs8,198.34 cr in Sept qtr
Financial Express
Ø Battle heats up for $26 bn insolvent steel companies in India; Lakshmi Mittal, Anil Agarwal in race
Ø Cabinet approves new skill development scheme for textile sector
Ø GIC Re gets ‘in principle’ approval for Lloyd’s syndicate
Ø Wind tariff competitiveness to remain a challenge: ICRA
Financial Chronicle
Ø Airtel board okays terms of Tata Tele deal
Ø Trai mulls ways for cos closing ops to return unused balance
Ø Banks under PCA to miss phase-I recapitalisation
Ø Urjit Patel flags inflation concerns, rate hike on horizon
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
20th Dec. 2017
Economic Times
Ø Complaints against private banks on rise: RBI report
Ø Self-regulation for food cos, QSR chains soon
Ø Mortgage lender HDFC unveils $2b fundraising plan
Ø Ask consumers before changing subsidy a/c, UIDAI to banks
Business Standard
Ø Access to info utilities under bankruptcy law: IBBI proposes, RBI disposes
Ø Committee set up for revival of loss-making SAIL, RINL: Govt
Ø Trai may reduce mobile number porting cost by 80% to Rs 4
Ø Firms acquiring stressed assets under insolvency may get tax relief
Ø GST, rating upgrade major achievements of 2017, says FinMin
Ø Section of PSU bank unions threatens strike on Dec 27
Business Line
Ø KEC International wins new orders worth Rs. 2,424 cr
Ø TRAI to review guidelines for TV channels’ licensing
Ø CAG red flags Rs. 83,497-cr secondary, higher education cess impairment
Ø Tata Steel sets eyes on raising Rs.12,800 crore via rights issue
Ø Reliance Naval insolvency case: NCLT adjourns hearing to January 11
Mint
Ø Dr Reddy’s arm settles case with US govt for $5 million
Ø Govt recovered less than 9% service tax arrears in FY17: CAG
Ø CCI clears IndusInd-Bharat Financial merger
Ø Astron Paper IPO over-subscribed 12.39 times on day 3
Ø EIB India lending seen over €1 billion in next 2 years
Financial Express
Ø Railways revises down rail tender to 4.87 LT; SAIL to provide remaining quantity
Ø Pickup in jobs key to sustain consumption growth: Report
Ø CAG pulls up Income Tax department for not adopting uniform mechanism
Ø CAG raps FSSAI over licensing process, poor food testing labs
Financial Chronicle
Ø Parliament passes Companies Amendment Bill
Ø Banks borrow nearly Rs 80K cr from repo windows on tax outflows
Ø German firm acquires Chennai’s Raj Petro
Ø Suzlon Energy wins 252 MW wind power project
Ø Withdraw service matters as reward for GST rollout: IRS
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
19th Dec. 2017
Economic Times
Ø India a leading global power: New US security policy
Ø Gross NPAs of banks cross Rs 8.50 lakh cr in 1st half
Ø Oil cos ask Airtel to revert LPG subsidy payments
Ø Taxmen go on bitcoin hunt, slap notices on high-worth traders
Ø Govt plans to dispose off 'enemy' properties soon
Ø Iraq replaces Saudi Arabia as India's lead oil supplier
Ø Bain, Tempus to buy Trans Maldivian for Rs 3,525 cr
Business Standard
Ø Access to info utilities under bankruptcy law: IBBI proposes, RBI disposes
Ø Committee set up for revival of loss-making SAIL, RINL: Govt
Ø Trai may reduce mobile number porting cost by 80% to Rs 4
Ø Firms acquiring stressed assets under insolvency may get tax relief
Ø GST, rating upgrade major achievements of 2017, says FinMin
Ø Section of PSU bank unions threatens strike on Dec 27
Business Line
Ø Adani to build, operate Australian coal mine by itself
Ø Gratuity law amendment Bill introduced in Lok Sabha
Ø German chemical distribution firm Brenntag acquires 65% stake in Raj Petro
Ø Kamat Hotels wins trademark case against Royal Orchid Hotels
Ø IRDAI panel urges more flexibility in investment norms for insurers
Mint
Ø CPPIB, GIC eye Baring PE’s stake in RMZ Corp
Ø Domestic pharma gets extended release from low growth
Ø Oracle agrees to buy Australia’s Aconex for $1.19 billion
Ø PEs, NBFCs move to take more control of real estate projects
Ø United Spirits sees McDowell’s No.1 brand driving sales growth
Financial Express
Ø About Rs 5,000 crore spent on printing of new 500 notes
Ø Farm loan waivers to raise state deficits by Rs 1,07,700 crore, says report
Ø GSTN brings in option for monthly, quarterly filing of forms
Ø Section of PSU bank unions threatens strike on December 27
Financial Chronicle
Ø Banks borrow nearly Rs 80K cr from repo windows on tax outflows
Ø Notices to Centre, CAG on PIL over GST compensation act
Ø Crop insurance growth to taper down in FY18
Ø Govt unlikely to table FRDI Bill in Budget session
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
18th Dec. 2017
Economic Times
Ø Warburg close to buying 49% stake in CAMS
Ø New plan to fast-track Essar Steel resolution
Ø Drug makers may face sharper scrutiny from USFDA
Ø Aurobindo, DLR in race for bankrupt Orchid's buyout
Ø Bank credit may see a jump post IBC’s implementation
Ø Railway experts 'assessing' JSPL's rail producing plant
Ø Over 22,000 indicted in China for net, telecom fraud
Business Standard
Ø HDFC Bank issues 3 lakh instant credit card
Ø Tata Tele in talks with Indian lenders to repay debt early
Ø Govt to issue notices to assessees failing to file GST returns
Ø Sebi asks mutual funds to downplay 'Sahi Hai' campaign
Ø Govt should dilute stake in PSBs to 33% in next 3 yrs: CII
Ø Indian exports to China soars 53% to $1.24 bn in October
Ø Nearly 140 mn PAN cards linked to Aadhaar so far: UIDAI
Ø Bitcoin-inspired illicit investment schemes to face regulatory axe in India
Business Line
Ø Parliament nod likely soon for Rs. 1.35-lakh cr bank recap bonds
Ø DoT mulls allotting backhaul spectrum through auction
Ø H’bad High Court likely to hear Unitech's plea on Monday
Ø Tata Steel Joda Mine gets Golden Peacock Innovation Award
Ø MF folio count jumps to all-time high of 6.5 cr at Nov-end
Mint
Ø World’s biggest exchange to start bitcoin futures trading
Ø DoT mulls allotment of backhaul spectrum through auction
Ø RIL, HDFC Bank contribute over one-third of Sensex’s market cap gain in 2017
Ø UIDAI suspends Airtel, Airtel Payments Bank’s eKYC licence
Ø Reliance Jio in talks with multiple developers for content
Financial Express
Ø Political factors to weigh more on economy, says Assocham
Ø Foodgrain output to hit last year’s record level; farmers in price trap
Ø 350 infra projects see cost overrun of Rs 1.95 lakh cr
Ø India steel demand will take longer to peak: Worldsteel
Financial Chronicle
Ø Irdai panel: Cut G-sec, up equity portion
Ø Coal India likely to increase dry fuel prices by 8-10% soon
Ø Auto firms seek two-rate GST
Ø Panama: ED seizes over Rs 48 cr assets of Ahmedabad firm
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
15th Dec. 2017
Economic Times
Ø Govt aims to make India $1 trillion digital economy
Ø TRAI to telcos: Submit network data under call drop rules
Ø Govt to spend Rs 1,054 cr for modernisation of 7 CAPFs
Ø Moody's has stable outlook on India Inc, barring telecos
Ø IBBI issues norms for tech standards for info utilities
Ø Vedanta rejigs Cairn top deck, plans $1 bn investment
Business Standard
Ø GST panel to take call on e-way bill in Saturday meet
Ø SC allows Vodafone to initiate second arbitration over $2 bn tax demand
Ø Cairn rejigs leadership team to drive $1-bn investment plan
Ø HDFC invokes nearly 82 mn pledged Unitech shares
Ø US retail sales surge more than expected; weekly jobless claims fall
Ø Mahindra to hike vehicles prices by up to 3% from January
Business Line
Ø Infosys to announce Q3 results on January 12
Ø Wholesale inflation at 8-month high
Ø Paper imports hit new high, jump 60% to 10.5 lakh tonnes in H1
Ø Captive power producers allege shortfall of coal supply
Ø Sugar mills may offer more ethanol for blending
Ø ‘Formal economy, bigger tax base alone can bring down tax rates’
Mint
Ø Banks set to crack down on defaulters in RBI’s second list
Ø Glenmark to file first specialty product with US FDA in March quarter
Ø Disney deal set to value Fox at more than $75 billion: report
Ø Bank of England holds interest rate at 0.5%
Ø Reliance Jio moves phone production to India after supply glitches in China
Ø SC refers fixed dose combination drugs issue to govt expert body
Financial Express
Ø Income inequality in India has reached historic high levels, says report
Ø India’s growth to recover to 7 pct in next few quarters: Report
Ø India’s first offshore wind projects auction for 5GW in 2018
Ø Tata Group, GE tie up to make aircraft components in India
Ø China suffers natural gas shortage as coal ban backfires
Financial Chronicle
Ø Captive power units cry for urgent coal supplies to avert crisis
Ø Need to continue momentum on building infrastructure: Jaitley
Ø Domestic MF flows to outweigh FII flows
Ø Sensex swings between gain and loss, ends higher
Ø Infra spending may top Rs 5 lakh crore in FY19
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
14th Dec. 2017
Economic Times
Ø Deadline to link Aadhaar with PAN, bank account extended till March 31
Ø India’s current account deficit doubles to 1.2% of GDP
Ø Reliance Jio likely to be worth as much as US' Sprint
Ø RBI imposes restrictions on Corporation Bank
Ø Indian bizmen to transfer $128 bn to next gen: Karvy
Ø RBI imposes Rs 3 crore penalty on IndusInd Bank
Ø Banks, insurance cos under lens for inflated tax credits
Business Standard
Ø Income-Tax dept conducts surveys at Bitcoin exchanges across country
Ø Supreme Court allows use of petcoke by cement industry
Ø Daily trading turnover on BSE’s India INX crosses Rs. 1,700 cr
Ø ‘Buyers of Tata Motors’ cars are far younger and wealthier’
Ø Spending on agri R&D alleviates poverty substantially: Study
Business Line
Ø ADB lowers India’s GDP forecast for FY18 to 6.7%
Ø India in talks with Indonesia for refineries, LNG plants
Ø Vijay Mallya assets freeze order in UK courts until April 2018
Ø GST Network simplifies returns filing process
Ø Flipkart completes buyback of employee stock options worth $100 million
Mint
Ø India’s CAD more than doubles to $7.2 bn in Q2, says RBI data
Ø Turning hawkish on India as inflation zooms past RBI target
Ø GST led to 12 percent rise in cost of solar projects, says AISIA
Ø South Korea bans its banks from dealing in Bitcoin
Ø Banks yet to pay CITs Rs 25 cr for note ban period, says CLA
Financial Express
Ø Paradise Papers: Income Tax department sends out first set of summons, questionnaires
Ø ICICI Bank interest rates on deposits: 1-year rates reduced by 15 bps
Ø Better projects, redressal means must for private play in infrastructure: NITI Aayog chief executive Amitabh Kant
Ø Toshiba, Western Digital make peace on sale of chip unit
Ø Bharat Forge rating: Nomura tags it Neutral, says stock trading towards higher end of band
Financial Chronicle
Ø Maruti cars to cost up to 2% more from 2018
Ø New high: 122 IPOs raised Rs 70K cr in 2017
Ø Banks to take another 23 firms to NCLT for insolvency
Ø SC stays Centre’s takeover of Unitech
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
13th Dec. 2017
Economic Times
Ø Hotels can charge more for bottled water: Supreme Court
Ø RIL rubbishes reports of Reliance Jio listing
Ø Google to launch AI research center in China
Ø IBBI to decide fate of loan guarantors
Ø Unitech wants SC to stay NCLT order immediately
Ø RailMin to scrap bids for 9,500 wagons, water plants
Ø Trump blames lax immigration system for NYC attack
Business Standard
Ø A 3-month relief on cards for traders over pre-GST stocks
Ø Marching towards $20,000, Bitcoin reaches another high
Ø Tax-friendly regime likely in Budget 2018-19
Ø Taxpayers listen up! Revise erroneous credit claims under GST by Dec 27
Ø SC says NCLT order on Unitech 'disturbing', hearing to resume today
Ø Vodafone, Idea Cellular begin deal closure talks
Business Line
Ø Airtel sells 20% in DTH arm to Warburg Pincus for $350 m
Ø With premium tag, Maruti Dzire swiftly tops entry-level sedan segment
Ø At WTO meet, India fumes over attempts to start talks on MSMEs
Ø Dalmia Bharat Group looks to acquire refractory units in Europe to push exports
Ø Cambridge Tech eyes acquisitions in Big Data
Mint
Ø Air Deccan set to relaunch operations with Re1 flight tickets
Ø Airtel to sell 20% stake in DTH arm to Warburg Pincus for $350 million
Ø Apple India sales rise 17% to $1.8 billion in 2016-17
Ø Supreme Court says NCLT should have taken its leave in Unitech case
Financial Express
Ø Paradise Papers: Income Tax department sends out first set of summons, questionnaires
Ø ICICI Bank interest rates on deposits: 1-year rates reduced by 15 bps
Ø Better projects, redressal means must for private play in infrastructure: NITI Aayog chief executive Amitabh Kant
Ø Toshiba, Western Digital make peace on sale of chip unit
Ø Bharat Forge rating: Nomura tags it Neutral, says stock trading towards higher end of band
Financial Chronicle
Ø Airtel to sell 20% stake in DTH arm to Warburg Pincus
Ø Tower stake sales may pare Rs 90,000 cr telecom debt
Ø Rahul set to take over Cong reins on Dec 16
Ø Bank of India to raise Rs 3,000 crore via QIP
Ø Rs 10K crore tax demand on IT firms set aside
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
12th Dec. 2017
Economic Times
Ø FM Jaitley says India on road to fiscal consolidation
Ø Stake sale in tower cos can cut telecom sector debt
Ø Fuel demand jumps 6.2% in Nov as diesel use recovers
Ø Unitech moves SC against NCLT order on takeover
Ø Govt considering developing civilian aircraft: Official
Ø Essar Port to complete Rs 830 cr expansion at Vizag terminal
Ø 'Real Estate may see investment from financial institutions'
Business Standard
Ø WhatsApp earnings leaks: Sebi summons officials of at least 12 companies
Ø Insolvency row: SBI moves NCLT against debt-ridden IVRCL as deadline looms
Ø Farm debt waivers not favoured by ex-RBI heads
Ø Non-declaration of Bitcoin gains could lead to a minimum of 20% tax
Ø China bank lending hits fresh record after strong credit surge in November
Ø IBC auctions: Stressed unlisted firms may get tax incentives
Business Line
Ø Government will fully protect public deposits: Jaitley
Ø India Inc garners Rs. 50,855 cr via pvt placement of debt securities
Ø Investors face difficulty in linking Aadhaar with MF folios
Ø USFDA nod to arm bodes well from Alembic Pharma
Ø WTO ministerial begins with moderate hope of outcome
Mint
Ø Suzuki’s electric vehicle tie-ups aim to aid Maruti, without the risks
Ø Parliamentary panel split on Air India privatisation
Ø Asian Paints acquires remaining 49% stake in Sleek International
Ø SC to hear Centre’s appeal in Vodafone tax dispute case
Financial Express
Ø India's economy expected to grow at 7.5% in 2018, says Nomura
Ø Retail inflation likely exceeded RBI's 4% target in November
Ø Amazon seller base spikes 80 per cent in 2017
Ø Essar Vizag Terminal to be shut for a week
Ø Videocon loan default 5 times bigger than Vijay Mallya’s Kingfisher; 28 firms have 2 days to pay up
Financial Chronicle
Ø Bond yields jump on fears of inflation spike, Fed rate hike
Ø November marks 217% rise in PE investments, $2.7b exits
Ø RBI net buys USD 852 mn of US currency in October
Ø Developers apprehensive over tax on unsold flats
Ø Govt in talks with Singapore for cruise connectivity: Gadkari
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
11th Dec. 2017
Economic Times
Ø Made a killing through bitcoins? You may have to pay up to 30% tax
Ø Railways’ revenue likely to rise 10% to Rs 1.8 lakh crore
Ø Amazon claims 1.5 times faster growth than Flipkart
Ø Lite Bite Foods may take IPO route for funds
Ø Satyam case: SC dismisses ED plea against TechM
Business Standard
Ø Banks worried over Air India divestment route
Ø Mukesh Ambani drives 45% of India Inc's capex since FY14
Ø Airtel, Jio in race to provide cloud services to govt
Ø SBI changes names, IFSC codes of around 1,300 branches
Ø Tata Motors zips past Honda, seals 4th spot in domestic market
Business Line
Ø Indian aviation outlook very good; infrastructure worrisome: IATA
Ø Air India seeks Rs. 1,100 cr loan to modify planes for VVIPs
Ø After bitcoin’s wild week, traders brace for futures launch
Ø Mahindra Electric to play key role in SsangYong’s EV drive
Mint
Ø Sensex could double in the next five years, says Mark Mobius
Ø Amazon India posts 67% sales volume growth in September quarter
Ø PNB, Indian Bank, Syndicate Bank likely to launch QIPs this month
Ø Suzuki’s electric vehicle tie-ups aim to aid Maruti, without the risks
Financial Express
Ø India wants status quo in food procurement to change for better
Ø Government hints at reviewing rates in top GST bracket
Ø Coal imports rise 40% on restocking demand in November
Ø Patanjali to manufacture solar energy equipment
Ø Airtel to connect over 2100 uncovered villages in North East
Financial Chronicle
Ø Delhi govt cancels licence of Max Hospital
Ø Bank of India to raise `3,000 crore via QIP
Ø Govt takes over Unitech, NCLT allows MCA to appoint 10 directors
Ø Forex reserves jump by $1.2 bn to $401.94 bn
Ø Bids for RCom's spectrum, tower to open this week
Ø Bank of India to raise `3,000 crore via QIP
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
8th Dec. 2017
Economic Times
Ø Thanks to RBI, swiping your card at the local kirana store might soon become expensive
Ø As new GE CEO goes for revamp of power unit, co plans cutting 12,000 jobs
Ø Jet Airways Q2 net plunges 91%
Ø ArcelorMittal's India JV to get green light next week
Ø After Hours: Maruti now 7th most valuable firm; GAIL spikes 9%
Business Standard
Ø Nifty ends 1.2% higher, Sensex up 352 points; auto, realty indices gain
Ø IRB Infrastructure hits 11-month low; stock dips 7%
Ø Investor flow into equity mutual funds at Rs 20,308 cr in November
Ø Cargill plans a pipeline to transport imported crude edible oil
Ø PepsiCo reshuffles top deck, Mike Spanos to head Asia operations
Business Line
Ø Tata Motors rolls out electric Tata Tigor for EESL
Ø Amazon Web Services can now deliver cloud services to government clients
Ø L&T shares climb over 2% after unit gets Rs. 1,600 cr order from HPCL
Ø Emami acquires 30% stake in Helios Lifestyle
Mint
Ø Sebi may allow mutual funds, portfolio managers to invest in commodities
Ø Videocon d2h merger benefits blindside investors to Dish TV’s waffling performance
Ø SAP plans to strike tech startup deals from $35 million SAP.iO fund
Ø TVS buys 15% stake in electric two-wheeler startup Ultraviolette
Financial Express
Ø Wassenaar Arrangement agrees to admit India as its new member
Ø RBI holds repo rate: ICICI Bank, HDFC Bank, SBI among top banks lead gains today
Ø Bharti Airtel stock skyrockets over 7% in late trade today, adds over Rs 10,000 crore in market cap
Financial Chronicle
Ø GMR-Megawide short-listed for $250m Philippine airport finance bid
Ø TVS Motor enters super-premium segment, unveils Apache RR 310 at `2.05 lakh
Ø Bitcoin Soars Past $17,000 Mark
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
7th Dec. 2017
Economic Times
Ø Soon, you will be rewarded for cashless railway bookings
Ø Amazon’s wholesale focus pays, sales climb to Rs 7k cr
Ø International Solar Alliance seeks cheap energy
Ø RBI holds policy rates, stance remains neutral
Ø Food, cosmetics importers to get refund on excess GST
Ø French auto company PSA steps up India plans
Business Standard
Ø Bitcoin blasts past $14,000 in new all-time high
Ø RBI MPC keeps repo rate unchanged at 6%, tells banks to shape up
Ø
Infosys files settlement plea with Sebi over Bansal pay
Ø Insolvency resolution: Top 5 steel firms need to pay Rs 29,000 cr to bid
Ø India Inc seeks lower corporate tax in pre-Budget meet with FM
Ø China Construction bets on road projects in India
Ø Lenders may go slow on referring SMEs to NCLT
Ø Sugar mills fret as prices plunge of sugar and molasses
Ø You can merge 10 old EPF accounts at one go with this new service
Business Line
Ø Monetary Policy: RBI holds repo rate on inflation concerns
Ø In SoS, IBA asks DoT to refund auction money to exiting telcos
Ø Reserve Bank warns of risks to ‘unregulated’ crypto-currencies
Ø We are already on the uptick in terms of credit growth: RBI Governor
Ø Asian shares hover near 2 month low as growth, US policy risks sap sentiment
Ø Dollar edges up, Bitcoin tops $14,000
Mint
Ø RBI monetary policy: MDR charges linked to merchant revenue
Ø Outrage around the world as Donald Trump’s recognises Jerusalem as Israel capital
Ø Some banks are not applying NPA classification rules correctly: RBI
Ø Japan could still join China Infrastructure Bank, says Shinzo Abe ally
Ø Infosys chairman Nandan Nilekani seeks to reclaim past glory with digital push
Financial Express
Ø Industry pushes lower corporate tax in pre-Budget meet with FM Arun Jaitley
Ø RBI leaves key rates unchanged, passes economic revival buck to Centre
Ø Paytm emerges top stakeholder after merger of Nearby, Little Internet; $100 mn deal to help it expand base
Ø Mobile wallet usage: Mobikwik says millennial women pushing over 100 pct growth
Financial Chronicle
Ø Infy files consent plea with Sebi on severance pay to ex-CFO Bansal
Ø Rera constitutionally valid: Bombay HC
Ø New hydro policy to slash prices, offer VGFs for green projects
Ø 29 stressed accounts headed for NCLT
Ø Tata Motors rolls out first electric-Tigor for EESL
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
6th Dec. 2017
Economic Times
Ø UAE, Saudi forming new group, separate from GCC
Ø Irda issues rules for PE investments in insurance cos
Ø Highlights of mid-term review of Foreign Trade Policy
Ø RBI reiterates warnings about trading in Bitcoins
Ø Airlines to trim losses by upto 90% this fiscal: Icra
Ø Govt plans to replace the taxman with an algorithm
Business Standard
Ø Government rolls out incentives to boost exports
Ø Govt's public debt rises by 2.53% in Jul-Sept quarter
Ø Onus on rating agencies to reveal loan defaults
Ø LIC invests Rs 44K cr in equity markets in Apr-Nov period
Ø 14% rise in corporate debt under stress
Ø Single authority to issue GST refund for exporters: Adhia
Ø Lenders may go slow on referring SMEs to NCLT
Ø Sugar mills fret as prices plunge of sugar and molasses
Ø CCI approves Indus Towers' share transfer to Voda shareholder
Business Line
Ø TCS, Cornell Tech partner for academic and industry research
Ø Higher export relief for labour-intensive sectors in FTP review
Ø Indian fleet-owners term IOC, BPCL tanker charter tenders ‘not workable’
Ø Reliance Jio records top 4G download speed at 21.9 mbps in Sept: TRAI
Ø Amtek Auto seeks more time for announcing audited results
Ø Govt says debt rollover risk in next 5 years low
Mint
Ø ‘No evidence’ to justify Vijay Mallya extradition to India, UK court told
Ø More Chinese banks plan to file insolvency cases against RCom
Ø Lanco Infratech seeks to sell four renewables assets
Ø Decoding the imports surge post demonetisation
Ø ADB approves $583 million loan to Reliance Power project
Financial Express
Ø 1% of world GDP to be spent on air transport next year, says IATA
Ø RBI policy meet begins; decision on key rate on December 6
Ø Service sector slips to contraction territory during November: PMI
Ø Bhel to renovate ESP package at Kahalgaon plant for Rs 215 crore
Financial Chronicle
Ø Top 500 companies may face electronic tax scrutiny soon
Ø Indian economy can grow at 10%: ADB country head
Ø LIC books over Rs 12K cr equity profit in first half
Ø Leading coffee exporter & supplier brews own brand
Ø Demat accounts touch 3 cr mark as people queue up for stocks
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
5th Dec. 2017
Economic Times
Ø ONGC partners in 6 blocks may have to share load
Ø Airtel acquires stake in digital books platform
Ø Xiaomi is said to seek valuation of over $50 bn in IPO
Ø Fitch cuts India's growth forecast to 7.3% for FY’19
Ø Use discretion fairly in investigations: FM to DRI
Ø Banks assure UIDAI of meeting enrolment target by Dec
Ø First-time buyers drive up sales of premium car brands
Business Standard
Ø RBI builds $31-bn forwards position as dollar tide rises
Ø Test networks with 5% subscribers: Trai
Ø Indian public relations firm files insolvency plea against RCom
Ø Telcos should get 90 days for network testing period: Trai
Ø Ruias want to pay up, retain bidder slot for Essar Steel
Ø Nestle India declares interim dividend of Rs 33 per share
Ø Considering banning import of pet coke: Centre to SC
Business Line
Ø NSEL-FTIL merger upheld
Ø Easier norms open affordable homes to more people: LIC HFL
Ø Basmati prices rise on higher demand from West Asia
Ø Aditya Birla Health Insurance bets big on retail segment
Ø 15th finance panel holds first meeting; to tap all stakeholders
Mint
Ø Telecom dept to meet Airtel, Vodafone, Idea over Jio penalty
Ø Baba Ramdev’s Patanjali to diversify into solar power business
Ø Vijay Mallya has ‘a case of fraud’ allegations to answer, UK court told
Ø Sebi clarifies norms for new mutual fund classification
Ø Laurus Labs is ready to flood the US with cheap HIV drugs
Financial Express
Ø Odisha registers 2.3 pct growth in tax collection after GST
Ø PNB gets shareholders’ nod to raise Rs 5,000 crore
Ø Bond yield hits 15-month high as rate cut hopes wane
Ø Rise in IPO activity may fuel credit growth in some sectors, says report
Financial Chronicle
Ø SBI to redesign dispatch envelopes to safeguard info
Ø HC rejects 63 Moons plea against NSEL merger
Ø FSSAI certification for organic food on the anvil
Ø Tata Motors beats Mahindra to become third largest carmaker
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
4th Dec. 2017
Economic Times
Ø Oppo’s India sales jump over 750 per cent in FY17
Ø Burger King sales grow 69% even as industry stagnates
Ø Lava to raise Rs 193 crore from Chinese firm
Ø India opposes e-comm talks at WTO; submits document
Ø Biosimilar drug by Mylan, Biocon gets USFDA approval
Ø Air India Express, AI-SATS to be part of Air India sale
Ø Trina Solar shelves plan to set up plant in India
Business Standard
Ø Iran opens Chabahar port: India, Afghanistan can now trade bypassing Pak
Ø Infosys' new CEO & MD Salil Parekh is a perfect fit for future vision
Ø Pensioners, India Inc may get tax breaks in Budget
Ø Nandan Nilekani to ease Infosys' new CEO Salil Parekh's transition
Ø Eicher Motors, Bajaj Auto battle it out for mid-segment bike market
Ø Job offers rise 40% in early slots at IIT-Roorkee
Business Line
Ø Oil prices fall after US drillers add rigs
Ø Nikkei edges lower after weakness in large cap stocks weigh
Ø ‘Shell firms list with SEBI... It must take action’
Ø Iran’s Chabahar port opens new India-Afghan lane
Ø In picking Salil Parekh as new CEO, Infy hopes to rebuild consulting business
Ø Modi: Those opposing the Bullet Train can travel by bullock cart
Mint
Ø PE exits through IPOs cross $1 billion in 2017
Ø HDFC Bank, world’s most richly valued lender, has an unhappy secret
Ø IBM’s India revenue tops $5 billion in FY17
Ø Facebook to increase its UK workforce by almost 50%
Ø Markets likely to be cautious ahead of RBI policy, Gujarat elections
Ø Boost for Biocon as biosimilar hopes soar
Financial Express
Ø Indian Railways makeover: What the transporter really needs to transform itself
Ø RBI defaulters list number 2: Lenders willing to take haircuts of 50-60 pct than risk firms' liquidation
Ø Toyota showcases third generation humanoid robot T-HR3 that mirrors user; see pictures
Ø Orbital ATK ready to launch cargo mission to International Space Station
Ø Budget 2018: On tax assessment procedure, CBDT to roll out jurisdiction-free system
Financial Chronicle
Ø Jewellers eye $25b export by 2025
Ø Salil’s low profile may stand him in good stead at Infosys
Ø Market set for volatility as all eyes shift to Gujarat polls
Ø Tata Motors beats Mahindra to become third largest carmaker
Ø Jet fuel, natural gas may come under GST soon
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
2nd Dec. 2017
Economic Times
Ø Oil cos to add 5,000 distributors for LPG by 2019
Ø Don't blame Jio for industry's losses: Mukesh Ambani to Sunil Mittal
Ø Edelweiss bullish on housing finance sector
Ø HDFC MF will be next AMC to list on exchanges
Ø 300 private engineering colleges would be asked to stop operations
Ø India’s mobile data traffic to grow 11 times in 6 years
Ø Forex reserves back above $400b after 5 weeks
Business Standard
Ø Paradise Papers: Task force asks tax dept to send notices to 714 persons
Ø Tesla switches on world's largest battery to shore up Australia's grid
Ø Wipro faces Rs 900-cr lawsuit over ERP implementation
Ø BJP sweeps UP civic polls, Congress loses even in Amethi
Ø Bitcoin rebounds to $10,500 mark as US regulator approves futures
Ø Retailers go to small towns for big growth
Business Line
Ø Cabinet gives nod to set up ₹9,000-cr nutrition mission
Ø Indian tech firm launches anti-fraud exam software in Singapore
Ø Manufacturing PMI records fastest pace of growth since Oct 2016
Ø Indo-US ties can be defining partnership of 21st century: Obama
Ø Affordable housing continues to see strong demand: Liases Foras report
Ø SEBI ratchets up governance standards for mutual funds
Mint
Ø Panel approves banks led by SBI to recast Rs8,285 crore Bajaj Hindusthan Sugar debt
Ø Air India to be sold as an integrated airline
Ø Glenmark gets approval for generic Seretide inhaler in Nordic region
Ø Graphic India raises $5 million from Liquid Comics and others
Ø Auto sales see double-digit growth in November
Ø US FDA approves Mylan-Biocon’s biosimilar for cancer drug Herceptin
Financial Express
Ø Andhra Pradesh Cabinet approves Polavaram Hydro project
Ø Anil Agarwal says, Vedanta to invest $9 bn in India; says to create 10 lakh jobs
Ø As onion prices hit the roof, demand for dehydrated version surges
Ø Global household wealth surges to $280 tn, in just a glance all you need to know
Ø India Inc raises record Rs 49,000 cr via QIPs: Prime Database
Financial Chronicle
Ø ITC won’t dilute luxury experience in gourmet chocolate, coffee
Ø Indian stock market overtakes Canada in $2t zone
Ø Andhra Pradesh Cabinet announces allowance for jobless
Ø GDP growth at 6.3% in June-Sept over 5.7% in previous quarter is significant
Ø Somebody always pays for me: Mukesh Ambani
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
1st Dec. 2017
Economic Times
Ø Economy scripts a turnaround, expands 6.3% in Q2
Ø India Inc's foreign borrowings up over 2-fold
Ø April-Oct fiscal deficit at 96% of full year's target
Ø OPEC agrees extended oil supply cut for full 2018
Ø Airtel, Vodafone keen to buy RCom's airwaves
Ø Most lenders to oppose CDB’s insolvency plea: RCom
Ø Given loan, not grant by Gujarat govt: Tata Motors
Business Standard
Ø HDFC approves OFS for HDFC AMC through IPO
Ø Fitch may revise banks' rating if recapitalisation done early
Ø Govt likely to release free trade policy review on December 5
Ø Trai proposes ways to ease doing of business in telecom sector
Ø France's Altran buys out Aricent from KKR for $2 bn
Ø America earned over $38 bn through defence sales in 2017, says Pentagon
Business Line
Ø NSE group firm launches Nifty LargeMidcap 250 index
Ø Cotton industry plans stir against GST on Dec 15
Ø OPEC plans to cut crude output to avoid price crash
Ø RCom claims all 31 lenders oppose China bank’s insolvency plea
Ø Reliance General Insurance gets SEBI nod for IPO
Ø Cotton industry plans stir against GST on Dec 15
Mint
Ø PNB raises bulk deposit rate by 50 bps
Ø CleanMax Solar raises $15 million from World Bank’s IFC
Ø IBC ordinance: IRPs seek extension of deadline to resolve insolvency cases
Ø Tech billionaires lose $7.6 billion as stocks tumble
Ø IBC ordinance may disqualify global private equity funds
Ø Piramal acquires Digeplex from Shreya Lifesciences
Financial Express
Ø Core sector growth drops to 4.7 per cent in October
Ø 12%, 18% GST rates to be merged; 28% on luxury, sin goods, says Arun Jaitley
Ø Sebi fines Rose Valley Real Estate, directors Rs 26-crore
Ø Climate offers a $3.1 trillion investment opportunity by 2030: IFC
Ø Apple apologises for security flaw in Mac OS
Financial Chronicle
Ø Oct core sector growth fails to enthuse
Ø Sensex dip 453 pts on fiscal deficit fears, F&O expiry
Ø Softbank to pick up Flipkart shares in primary, secondary deals
Ø Indian stock market overtakes Canada in $2t zone
Ø Lower revenue realisation post-GST hits fiscal deficit
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
30th Nov. 2017
Economic Times
Ø Govt may directly fund Rs 1.35-lakh cr bank recap
Ø Moody's upbeat on steel cos, bets big on Tata Steel
Ø Modi will try a $4.7-bn sweetener to woo potential buyers of debt-laden Air India
Ø SBI raises bulk deposit rates by 100 bps
Ø Bitcoin blasts past $11,000 hours after hitting $10,000
Ø Infosys Finacle launches block-chain systems for banks
Business Standard
Ø Bank of Baroda to shut Hong Kong branch, Thailand office
Ø Nearly 70% of stressed SMEs face liquidation
Ø Securities class action lawsuit served on Dr Reddy's in US
Ø DLF plans to raise Rs 3,500 cr via QIP; board meeting on December 1
Ø UP sugar mills urge Adityanath to clear Rs 475 cr power dues
Ø NBFC funding to rise over total net worth of small business loans: Icra
Business Line
Ø NTPC looks to acquire stressed commissioned plants
Ø SEBI slaps ₹10 lakh fine in WhatsApp-based investment scam
Ø Rupee closes stronger at 64.31
Ø Nestle India, distributors fined in Uttar Pradesh
Ø ‘All ingredients are in place for earnings recovery’
Ø Zydus Cadila gets USFDA nod for blood pressure drug
Mint
Ø Nasdaq is said to plan bitcoin futures next year, joining biggest rivals
Ø Auto component firms’ debt-equity ratio falls to lowest in a decade
Ø BMW looking for partners to develop small electric cars
Ø Yes Bank sets up $1 bn debt programme to raise money
Ø GST may cloud GDP data for September quarter
Financial Express
Ø Analysts forecast better Q2 show with a GDP print of 6.4%
Ø Government wants RBI rate cut before March, says report
Ø GES 2017: India moves up one spot to 68 on Global Entrepreneurship Index
Ø Indian bond yields to remain range-bound on two-way action: DBS
Ø India records 45% jump in nos of petrol pumps in last 6 years
Financial Chronicle
Ø Jet Air in revenue pact with Air France-KLM
Ø Mittal believes Trai will have another round of talks
Ø 2018 may see beginning of private capex recovery
Ø Govt turns to PDS as onion, tomato prices soar
Ø Future Supply Chain gets 62% revenue from group
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
29th Nov. 2017
Economic Times
Ø Sebi framing algo trading rules for retail investors
Ø Chinese lender offers Indian banks a risky Reliance
Ø Modi invites global entrepreneurs to invest in India
Ø Telcos, Internet firms differ on Trai proposals
Ø IBC ordinance may throw spanner in JSW's Jaypee deal
Ø No loan waiver for capitalists, says Arun Jaitley
Ø One in 10 drugs in developing nations sub-par: WHO
Business Standard
Ø Trai proposes to keep internet free with some exemptions
Ø RCom to sell BIG TV to Pantel Tech, Veecon Media for undisclosed sum
Ø I-T notices to 116,000 for cash deposits above Rs 25 lakh after note ban
Ø Moody's: Indian insurers likely to benefit from strong economic growth
Ø Crackdown on shell firms: I-T Dept searches 33 premises linked to 3 groups
Business Line
Ø Tyagi’s new team ready for action at SEBI
Ø RJio and Airtel likely to gain from move to exempt Content Delivery Networks
Ø ABB, Kawasaki join hands for collaborative robots
Ø Hyundai crosses 50 lakh production milestone for domestic market
Ø Commerce Ministry to address pepper growers’ woes on imports, prices
Mint
Ø L&T may sell some assets by March to fund acquisition spree
Ø Dharmendra Pradhan pitches for GST on natural gas
Ø Clean energy taps limited CSR funding, report says
Ø Hindustan Coca-Cola aims to clock $2.5 billion in revenue by 2020
Ø ICICI Prudential’s Bharat 22 ETF rises 3.50% on market debut
Financial Express
Ø Economic growth set to end five-quarter slide: Poll
Ø GST mop-up, compliance unlikely to improve near-term, says report
Ø Formalisation of economy needed a shake-up, says Arun Jaitley
Ø Singapore’s DBS Bank lowers India’s FY18 GDP growth to 6.6%
Ø India’s chemical industry to hit $300 bn by 2025: Govt
Financial Chronicle
Ø Digital payment fast replacing cash as predominant way: Jaitley
Ø L&T expects asset sales by March to fuel IT buying spree
Ø ‘Women entrepreneurs to usher in prosperity’
Ø Upstream oil regulator may get statutory powers
Ø Hyderabad spruced up to welcome Ivanka Trump
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
28th Nov. 2017
Economic Times
Ø RBI comes up with a secret formula to help banks avoid loan disasters
Ø Bharat 22 ETF makes decent debut, lists at Rs 36.30
Ø Govt to revamp HR practices at public sector banks
Ø Jio may pitch for RCom's 4G airwaves in key markets
Ø Sony’s revenue from India dips for 2nd straight year
Ø Rcom cracks 9% on 'premature' action by CDB
Ø Singapore social startups build a niche market in India
Ø Inditrade Capital to buy 80% stake in Varam Capital for Rs 40 crore
Business Standard
Ø I-T dept moves against hoarders: Unsold realty inventory may be taxed
Ø Infosys plans to set up design hub in Rhode Island, recruit 500 Americans
Ø Former Planning Commission member N K Singh to head 15th Finance Commission
Ø Flipkart founders booked for cheating Bengaluru businessman of Rs 10 cr
Ø Govt puts RITES, Ircon disinvestment on track
Ø PSBs may face Rs 40,000-crore loss due to bad loans
Business Line
Ø ‘Gold holds near 6-week high ahead of Fed chair hearing
Ø L&T Hyderabad Metro set to transform the Telangana capital
Ø Aadhaar linkage may stifle secondary realty sales
Ø The MSP mirage hits Maharashtra’s soya farmers
Ø Govt looks to lower tax burden on mid-size, large companies
Mint
Ø Drug regulator to make ‘stability testing’ a must for all medicines sold in India
Ø GMR Airports IPO likely by June 2018
Ø 15th Finance Commission to examine performance incentives for states
Ø China Development Bank files insolvency case against RCom
Ø IBC ordinance may bar clean bidders too, say stakeholders
Financial Express
Ø Remission in levies notified for textiles, apparel post-GST
Ø Looming inflation to dash rate cut prospects says Assocham
Ø Time for consolidation of reforms initiated in 42 months, says NITI Aayog
Ø Brokers’ body asks government to reduce GST, scrap STT, dividend tax
Ø Over one-third of 17 lakh registered companies out of business
Financial Chronicle
Ø Jindal Stainless gets nod for Rs 1,000 crore industrial park in Odisha
Ø NRIs investing in commercial realty, but with caution
Ø FPI change of heart sees Rs 16K cr net flows into equities
Ø Tyre makers see Northeast rising as rubber hub
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
27th Nov. 2017
Economic Times
Ø India has potential to be $10 tn economy: McKinsey MD
Ø Airtel a beneficiary of consolidation: Sunil Mittal
Ø Finmin confirms LIC’s Rs 1.5 lakh crore Railway ticket
Ø FPIs invest $2.6 billion in capital markets in Nov
Ø Taxmen to slap higher tax on fraudulently revised ITRs
Ø COAI seeks talks with TRAI on new call drop norms
Ø No intention of introducing Islamic banking: Naqvi
Ø Nepal state firm to build $2.5 bln power project
Business Standard
Ø Insolvency and Bankruptcy Code: Lenders, bidders split on assets valuation
Ø GDP growth to be better in Q2, experts say
Ø Unsold housing units fall to 685,000 in 7 cities; NCR has 34% of them
Ø Aurobindo Pharma looks for inorganic growth prospects in East Europe
Ø BSE changes limit for risk reduction mode in currency futures
Ø L&T's H’bad Metro project delay raises cost by over 30%
Business Line
Ø ‘Look North-East’ push from govt, tyre sector gathers pace
Ø Dumping duty on caustic soda imports extended by one year
Ø ‘HDFC Bank does not see fintech companies posing a challenge’
Ø ONGC wants higher gas price to produce KG, Kutch discoveries
Ø Mahindra eyes US car market with South Korean subsidiary
Mint
Ø Uber sees India development centres driving global innovations
Ø Saudi Aramco, Sabic sign deal for $20 billion oil-to-chemicals project
Ø Jindal Steel could win a slice of Indian Railways’ global tender for steel rails: report
Ø Opec has no idea what shale is up to, but never mind
Ø NSE, BSE write to companies over WhatsApp earnings leak
Financial Express
Ø Remission in levies notified for textiles, apparel post-GST
Ø Looming inflation to dash rate cut prospects says Assocham
Ø Time for consolidation of reforms initiated in 42 months, says NITI Aayog
Ø Brokers’ body asks government to reduce GST, scrap STT, dividend tax
Ø Over one-third of 17 lakh registered companies out of business
Financial Chronicle
Ø Jindal Stainless gets nod for Rs 1,000 crore industrial park in Odisha
Ø NRIs investing in commercial realty, but with caution
Ø FPI change of heart sees Rs 16K cr net flows into equities
Ø Tyre makers see Northeast rising as rubber hub
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
26th Nov. 2017
Economic Times
Ø Economy improving but losing out on culture: Munjal
Ø No VIP culture in airports at all: Aviation Minister
Ø Prices of over fifty essential drugs cut by up to 53%
Ø Gold stays weak on global cues, muted demand
Ø Fino Bank targets Rs 1,500 cr gold loan portfolio
Ø Sunil Mittal sees no early end to tariff war
Ø HDFC Life is gung-ho on capital goods stocks
Business Standard
Ø India-focused funds continue to see robust inflows
Ø Tyremakers to invest Rs 35,000 crore in 5 years
Ø Uber to disclose price on SoftBank deal early next week: Sources
Ø Black Friday: Amazon founder Jeff Bezos' net worth is now over $100 bn
Ø Tata Motors launches SUV Hexa in Nepal, delivers first batch of vehicle
Ø Indian e-com start-ups to hog limelight at global meet
Business Line
Ø Ease of doing business: DIPP urges States to be more aggressive
Ø Tata Motors’ SUV Hexa drives into Nepal
Ø Chinese tyres imports has started to decline: ATMA
Ø Hyderabad Metro Rail service to open for public from Nov 29
Ø Note ban: Big depositors who didn’t file returns to get Income-Tax notices
Mint
Ø Narendra Modi to inaugurate Hyderabad Metro on 28 November
Ø SBI looking at renewables, roads sectors to boost loan growth: Rajnish Kumar
Ø Formulation of fair rules should not be driven by valuation alone: IBBI’s MS Sahoo
Ø Trump Tower launched in Kolkata, developers aim Rs700 crore in sales
Ø Reliance Industries closes Marcellus shale asset sale for $126 million
Financial Express
Ø Electric vehicles race: Two-wheeler makers watch from the sidelines
Ø Entrepreneurs to get major leg-up in IndiaPhilanthropists give away wealth to charity
Ø Oil and gas companies may take Rs 15,000 crore hit
Ø Amazon's Jeff Bezos' fortune hits $100 billion on Black Friday stock surge
Ø ONGC wants higher gas price to produce KG, Kutch discoveries
Financial Chronicle
Ø Farmers want total loan waiver
Ø Govt nod for raising carpet area to boost sale of ready-built flats
Ø Real estate awaits return of FDI wave
Ø Lamborghini Unveils Electric Self-Healing Supercar
Ø Edible oil prices under pressure
Ø Insurers to see 16% growth during FY17-20
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
25th Nov. 2017
Economic Times
Ø All revised I-T returns post demonetisation under lens
Ø Jio makes life tough for telecom workers and this may be just the beginning
Ø Modi's demonetisation has changed the big fat Indian wedding
Ø Steps taken to pass on rate cut gains: FMCG companies
Ø Airtel’s bid to get users of Tata Tele faces hurdle
Ø Jio posts positive AGR for first time in Sept qtr
Ø Don't buy a new car yet, wait for electric vehicles if you can
Business Standard
Ø Edelweiss Financial gains on successful fund raising through QIP issue
Ø ONGC: Strong prospects after near-term worries
Ø Reliance Industries, Future Retail, Crompton Greaves Consumer hit new highs
Ø Infosys hits over three-month high; stock up 10% in November
Ø FMCG companies make a beeline for Assam following tax sops
Ø Mahindra and Mahindra partners with Uber to expand electric vehicle sales
Business Line
Ø Nokia looks beyond telecom to expand business in India
Ø SBI launches YONO, an integrated app for financial services
Ø Ashok Leyland scripts turnaround in LCV business, to launch 5-6 products
Ø India, Finland to boost in IT, renewable energy ties
Ø M&M to bid for phase-2 of govt’s e-vehicle tender
Mint
Ø Jeff Bezos first person since Bill Gates in 1999 to have net worth of $100 billion
Ø SBI’s Rajnish Kumar: Bankruptcy reforms have made banks more confident
Ø Linking Aadhaar with bank accounts can prevent fraud: UIDAI CEO
Ø Sun Pharma hoping recovery in US in second half, street wary
Ø India to auction 100GW of green energy contracts by March 2020
Financial Express
Ø Bank job cuts: Employment at lenders set for cuts due to automation, digital economy push
Ø Infosys chief Nandan Nilekani, Airtel chief Sunil Mittal to Wipro chief Azim Premji, top 5 Indian Philanthropists give away wealth to charity
Ø Bank of Japan signals room to fine-tune yield curve control, say reports
Ø ONGC pens letter to PM Narendra Modi, makes this fervent plea against private companies
Ø China rising, but it can’t match up to American power
Financial Chronicle
Ø ARCs allowed to hold more than 26% in sick companies
Ø Honda creates history, sells over 2 m Activa units in April-October
Ø Lotte, Peugeot Propose to invest as much as $6 billion in India
Ø Bond yields move up as market rules out a repeat of OMO episode
Ø M&M ties up with Uber, to invest Rs 600 cr in EVs
Ø CMI reports Rs 6.14 crore net profit in Q2FY18
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
24th Nov. 2017
Economic Times
Ø Railways to invite tenders for electrifying 8,000 km
Ø Airtel eyes spectrum, equipment of RCom
Ø Oilfields’ privatization to raise domestic output: DGH
Ø Adani, Tata Power ride high on hopes woes may end soon
Ø Thomas Cook OFS for Quess oversubscribed 5 times
Ø Sebi may ease takeover rules for stressed companies
Ø Indian refiners process record oil vol in Oct: Govt
Business Standard
Ø Insolvency ordinance: Defaulting promoters all set to lose their companies
Ø EPFO subscribers will get benefit of equity investments from FY19
Ø Swaraj Engines surges 11% as board mulls share buyback
Ø Indian Bank gets Sebi nod to raise capital by selling equity shares via QIP
Ø Sebi imposes Rs 10 lakh fine on Aditya Birla Money
Ø India Inc resolutions see greater shareholder scrutiny: PRIME Database
Business Line
Ø US oil prices hit fresh 2-year highs on Keystone pipeline outage
Ø Oil, gas PSU mergers exempt from CCI approval
Ø At 7%, bond yield puts market on edge
Ø South Korean LOTTE buys Havmor Ice Cream for Rs 1,020 cr
Ø Govt imposes $850/tonne MEP on onion to boost local supplies
Mint
Ø Star Health Insurance stake sale draws interest from PremjiInvest, Temasek, 10 others
Ø Lotte Confectionery to buy Havmor Ice Cream for Rs1,020 crore
Ø Uber looks to step up India investments
Ø President clears stricter version of Insolvency and Bankruptcy Code
Ø HUL will lower prices by 7-10%, in line with GST rate cut: CEO Sanjeev Mehta
Financial Express
Ø Aadhaar card, property linking: This is how benami owners can be caught
Ø Pradhan Mantri Awas Yojana: PM housing scheme must get greater tax benefits
Ø PFC hits the road with $450-million green bond issue
Ø GST, digitization, e-commerce will transform Indian logistic markets, says DHL CEO Ken Allen
Ø Dr Reddy's Laboratories gets EIR for Visakhapatnam plant, but inspection not closed
Financial Chronicle
Ø Bollywood must find new finance model
Ø Govt to announce final electoral bond scheme in 7-8 days
Ø Defaulters, firms with NPAs barred from bidding for assets under IBC
Ø M&A among oil & gas PSUs exempted from CCI approval
Ø Bond yields move up as market rules out a repeat of OMO episode
Ø India is fastest growing duty-free retail market; to quadruple revenues by 2025
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
23rd Nov. 2017
Economic Times
Ø High Court refuses to stay probe in RIL gas price issue
Ø Power Grid sees $25 bn bounty from Modi's power plan
Ø Maruti may shift entire Swift production to Gujarat
Ø ArcelorMittal team visits Essar Steel, Bhushan Steel plants
Ø Tata Tele users to be moved to Airtel under ICR pact
Ø Centre to bring in ordinance for changes in banking insolvency law
Ø India adds 2,247 MW solar cap in Jul-Sep 2017: Report
Business Standard
Ø April-Oct trade deficit soars 60% to $88 billion: DBS report
Ø Trai seeks hike in spectrum cap from 25% to 35%
Ø Theresa May govt sets aside extra 3 billion pounds for Brexit
Ø Electric vehicle fleet can create $300 bn domestic battery mkt: Niti report
Ø UBI gets SEBI approval for Rs 1,000-cr equity issue via QIP
Ø Indian companies to see better credit profiles in 2018, says Moody's
Business Line
Ø Cabinet approves ordinance for making changes in insolvency code
Ø Cabinet clears wage policy for CPSEs, offers no budgetary support
Ø Power generators can pass on cost of retrofitting plants
Ø Govt sets up panel to review income tax laws
Ø Antidumping agency starts sunset review of duty on caustic soda
Mint
Ø Cabinet nod for setting up of 15th Finance Commission
Ø Govt mulling convening Winter Session of Parliament from 15 December
Ø BIS to frame hallmark standards for 24-carat gold jewelry
Ø SC bars Jaiprakash Associates directors, promoters from transferring personal assets
Ø Paytm acquires stake in online loans firm CreditMate
Financial Express
Ø COAI seeks more time for new SIM re-verification modes
Ø PE deals touch $8.7 bn, M&A activity hits $2.1 bn in September quarter, says report
Ø Japan’s JFE, India’s JSW to bid together for Bhushan Steel as it faces insolvency
Ø Spanish firm Eptisa Servicios de Ingenieria SL selected for Patna smart city project
Ø Adani close to secure Chinese loans for its Australia project says report
Financial Chronicle
Ø Britain hikes Brexit pot, slashes growth forecasts
Ø Coalscam: Docs supplied to Jindal and others, CBI tells court
Ø FMCG firms slash prices after govt fiat
Ø Global studios, broadcasters come shopping to India
Ø Eicher Trucks targets e-comm with new vehicles
Ø Papers given to Jindal and others, CBI tells court in coal scam
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
22th Nov. 2017
Economic Times
Ø FMCG sales picks pace in rural India, outsmart cities
Ø Property deals set to be linked to Aadhaar: Hardeep Puri
Ø Over 4.3 million biz file initial GST returns for October
Ø Amrapali told to deposit Rs 10 cr for delay in project
Ø TeamLease Services surges 15% as T Rowe buys 5% stake
Ø BSE' MF platform contributes 90% subscription for Bharat 22 ETF
Ø Companies exceed Q2 expectations to post best show in 16 quarters
Business Standard
Ø Govt plans GST sops for digital payments
Ø L&T set to be first Indian firm to build metro outside India
Ø Future Group eyes $1-trn revenue by 2047; gets Facebook, Google on board
Ø Ola projected to turn profitable by FY19, rake in $1 bn by 2021
Ø IKEA plans 'paisa vasool' debut
Ø SREI Infrastructure Finance to bid for Electrosteel Steels
Business Line
Ø TRAI recommends raising spectrum holding cap to 35%
Ø RIL raises $800 mn via 10-year bonds at lowest rate
Ø Restructuring moves in Europe, rising steel prices and expansion in
Ø L&T Finance slumps over 5% on block deal
Ø ‘Catholic Syrian Bank moving to a more stable and sustainable earnings base’
Ø YES Bank raises $400 million loans from Taiwan, Japan
Mint
Ø India can return to 8.5% growth rate: Arvind Subramanian
Ø Shell companies: Sebi panel to look into complaints of errors in classification
Ø JSW Steel exploring tie-ups to acquire stressed assets
Ø GST rate cut: FMCG firms asked to update MRPs immediately
Ø Govt tells PSU banks to consolidate international branches
Ø Taaleri eyes Fortum’s solar power projects in India
Financial Express
Ø Transition to electric mobility system can save $330 billion: Report
Ø Big impetus to logistics sector; infrastructure status to bring down costs
Ø Government is committed to tackling bad loans; takes two steps forward
Ø Japan’s best export performance since 2008 crisis rolls on
Ø Wipro arm to provide smart lighting with Cisco in India
Financial Chronicle
Ø Bond yields dip as RBI drops OMO sale
Ø Mumbai down 10 slots, Delhi 7 on list of preferred investment destinations
Ø Corporates cut investment in gold ETF by 38% in a year
Ø Sebi puts penny stocks under scrutiny; to seek withdrawal of LTCG
Ø JSW, Vedanta, Tata in race to hold controlling stake in Monnet
Ø FinMin to consult law ministry on inclusion of realty under GST
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
21th Nov. 2017
Economic Times
Ø Govt raises Rs 14,500 crore from Bharat 22 ETF
Ø Council plans to further categorize GST rates, merge 12%, 18% slab
Ø Wipro's Rs 11K cr share buyback to open on Nov 29
Ø Vodafone, Idea may face network issues post-merger
Ø TechM hopes to touch $5 billion in revenues in FY18
Ø Coal India may double supplies via road
Ø Clean energy firms eye SE Asia, M East to hedge risks
Business Standard
Ø Reliance Industries, Adani, REC issue $1.7-billion bonds
Ø Vedanta set to overtake Aditya Birla group as largest aluminum maker
Ø Vijay Mallya's extradition trial confirmed from December 4
Ø Domestic institutions lend their weight as anchors in IPOs
Ø Farmers demand total debt waiver, remunerative crop prices
Ø Logistics gets infrastructure status, industry sees 50 bps savings
Business Line
Ø Moody’s gives Baa2 rating for RIL’s offshore dollar bonds issue
Ø Electronics appliance market set to grow at 10% CAGR: study
Ø Centre’s solar plans get $98-m loan from World Bank
Ø Sugar mills see bumper crop, want curbs on stocking to go
Ø MCX gold options off to a slow start
Ø Phoenix Group to set up Rs. 325-cr rice mill in AP
Mint
Ø India can return to 8.5% growth rate: Arvind Subramanian
Ø Shell companies: Sebi panel to look into complaints of errors in classification
Ø JSW Steel exploring tie-ups to acquire stressed assets
Ø GST rate cut: FMCG firms asked to update MRPs immediately
Ø Govt tells PSU banks to consolidate international branches
Ø Taaleri eyes Fortum’s solar power projects in India
Financial Express
Ø Transition to electric mobility system can save $330 billion: Report
Ø Big impetus to logistics sector; infrastructure status to bring down costs
Ø Government is committed to tackling bad loans; takes two steps forward
Ø Japan’s best export performance since 2008 crisis rolls on
Ø Wipro arm to provide smart lighting with Cisco in India
Financial Chronicle
Ø Bond yields dip as RBI drops OMO sale
Ø Mumbai down 10 slots, Delhi 7 on list of preferred investment destinations
Ø Corporates cut investment in gold ETF by 38% in a year
Ø Sebi puts penny stocks under scrutiny; to seek withdrawal of LTCG
Ø JSW, Vedanta, Tata in race to hold controlling stake in Monnet
Ø FinMin to consult law ministry on inclusion of realty under GST
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
20th Nov. 2017
Economic Times
Ø Bitcoin zooms past $8,000; rallies over 700% this year
Ø PM Modi has done much, people will remember'
Ø RIL launches bond sale a day after India upgrade
Ø Vadilal Industries rises after promoters look to exit
Ø L&T gains on bagging MMRDA order worth 8,650 crore
Ø Eris Life, Shasun Strides rise on Rs 500 cr deal
Business Standard
Ø Statsguru: Global wealth soars in 2017
Ø Asia's dividend payouts set for biggest increase in 6 yrs as profits surge
Ø Moody's rating upgrade will help push FII flows: Arun Thukral
Ø FinMin asks banks to prevent defaulters from buying stressed assets
Ø Gold smugglers now prefer Europe over Gulf countries: Customs
Ø Demonetisation impact: 'Card transactions soar 84% in Sept to Rs 74,090 cr'
Business Line
Ø HFCL bags Rs. 128-cr order from BSNL
Ø Fintech involves another’s money, it has to be secure: PayPal CEO
Ø ‘Digital payments are making financial services more affordable’
Ø Asian stocks falter as China shares slide on sweeping asset management rules
Ø M-cap of six of top-10 most valued cos jumps by Rs. 31,249.4 cr
Mint
Ø Bitcoin soars past $8,000 as technology shift concern vanishes
Ø Faulty hip implants: Johnson & Johnson may have to pay each patient Rs20 lakh
Ø Alibaba to pay $2.9 billion in joint pact for Sun Art Stake
Ø Pepsi to introduce cola in glass bottles that don’t need to be returned
Ø Govt may exempt crowdfunding from Companies Act
Financial Express
Ø Black money: Swiss Parliamentary panel paves way for automatic information exchange with India
Ø Now Vijay Mallya led Kingfisher Airlines under scanner for this wrongdoing in Deccan Aviation case
Ø Yes Bank, IndusInd Bank shares gain up to 2% on Sensex inclusion news
Ø Sensex trades marginally higher; Indian bond yields dives after RBI cancels Rs 10,000 crore bond sale
Ø Nifty companies earnings beat street estimates in Q2 but it might not be enough
Financial Chronicle
Ø More investors, more inflows seen from rating upgrade
Ø 'Startup policy can make entrepreneurship more comprehensive'
Ø Europe turns on Facebook, Google for digital tax revamp
Ø Discounts jump to 20% in commercial vehicles segment
Ø Trai likely to back Reliance Jio’s cashback offers
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
19th Nov. 2017
Economic Times
Ø Revenue collected under GST in Oct at Rs 95k crore
Ø Infosys to configure GST network for filing returns
Ø Effective transmission of policy rates crucial: RBI
Ø A blowback in India's booming aviation industry: Surge in consumer complaints
Ø Critics of the Modi government, please shut up: Rakesh Jhunjhunwala
Ø Rating upgrade boosts India's attractiveness: Anil Agarwal
Business Standard
Ø Traders can edit Aug, Sept GSTR-3B returns from Nov 20
Ø Nalco eyes African countries for strategic mineral assets
Ø India Inc may add steam to save railway heritage assets
Ø Bank e-wallets may die early death: Tie-ups with niche players more viable
Ø
Apollo Tyres lines up Rs 4,500-crore capex for next two years
Ø L&T Construction bags Rs 8,650-cr order to build Mumbai Trans Harbour Link
Business Line
Ø Moody’s withdraws RCom’s corporate family rating on 'default'
Ø The war on corruption must result in closures
Ø Penny-stock traders are off the I-T radar
Ø IoT to play a major role in ushering in economic transformation
Ø L&T’s Naik is original Make-in-India man: Mukesh Ambani
Mint
Ø Allahabad Bank to sell Rs101 crore Khaitan Electricals debt
Ø Eris to buy Strides Shasun’s India branded business for Rs500 crore
Ø Divi’s Lab Vizag unit gets USFDA inspection report with 6 observations
Ø NHPC keen on $2.5 billion Nepal hydropower project after Chinese deal scrapped
Ø Elon Musk unveils Tesla Semi truck with a surprise cargo: the fastest roadster ever
Financial Express
Ø Moody’s credit rating upgrade helps India to close gap with China yet again, but this time, on its own merit
Ø Bill Gates on Swachh Bharat: Building toilets is like opening bank savings accounts
Ø GSTR-3B: Businesses can edit August, September returns from November 20
Ø Policy implementation in India lacks speed, says GP Hinduja
Ø Panasonic global head meets IT minister Ravi Shankar Prasad, says bullish on India
Financial Chronicle
Ø Diplomatic Enclave: Political dynamics
Ø PSBs plan to mobilise Rs 58,000 crore
Ø HDFC Bank hikes cash transaction charges
Ø Time in market is better than market timing
Ø Lamborghini Unveils Electric Self-Healing Supercar
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
18th Nov. 2017
Economic Times
Ø Google India touches Rs 7,208.9 crore sales mark
Ø Diageo sues Vijay Mallya to recover $40 million
Ø Moody’s gives thumbs up to GST, demonetization
Ø Govt’s debt burden expected to decline: Moody’s
Ø Toyota, Suzuki to plug & play in Indian EV space
Ø JLR tests first driverless vehicle on public roads
Business Standard
Ø Moody's ratings upgrade to boost FPI investment in debt market
Ø Moody's upgrade is positive collateral from reforms carried out: CEA
Ø Moody's upgrades India's rating backs reforms like note ban, GST |
Ø 'India's growth potential higher than other Baa economies'
Ø Moody's rating upgrade: Govt to stick to fiscal roadmap, says Arun Jaitley
Ø Expect FY18 growth to be higher than Moody's forecast: Subhash Garg
Business Line
Ø Focus will now be on simplifying forms, IT processes under GST: Sushil Modi
Ø Recent reforms will enhance India’s growth potential: Moody’s V-P
Ø Maruti Suzuki may launch e-car before 2020
Ø Bill Gates calls for higher productivity, technology integration in agriculture
Ø HFCs stand to gain from Centre’s recent tweak in interest subsidy scheme
Mint
Ø RBI examining suggestions on move to external benchmarking of loans says Viral Acharya
Ø Toyota, Suzuki sign pact to roll out electric cars in India
Ø Tesla’s electric truck could threaten big chunk of oil demand if it works
Ø Sebi to investigate possible leak of company earnings
Ø Govt intends to maintain fiscal discipline in the coming years: Arun Jaitley
Financial Express
Ø Moody's India ratings upgrade: PM Modi government must fast-track labor, land, privatization reforms
Ø India International Trade Fair opens for public from tomorrow
Ø Autonomous Tata Hexa being tested on UK roads; All details
Ø Suzuki and Toyota to make electric vehicles in India; Market launch by 2020
Ø Ericsson, Bharti Airtel ink pact for 5G technology
Financial Chronicle
Ø Sebi keen to resolve NSE's co-location issue soon
Ø Hiring in manufacturing to stay flat in near future
Ø FM Jaitley hails upgrade after nearly 14 years, says policy of higher infra spend and rural focus to continue
Ø Amazon’s Cashierless Store Is Almost Ready for Prime Time
Ø M&M launches refreshed Scorpio
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
17th Nov. 2017
Economic Times
Ø Moody's backs Modi with 1st rating upgrade for India in 14 years
Ø War on defaulters intensifies, RBI gets ready to train its guns on 50 more bad accounts
Ø Aadhaar-SIM linking to be fully automated, no human intervention from December 1
Ø India’s education system needs improvement: Bill Gates
Ø Reliance Retail plans to disrupt India’s ecomm scenario
Ø After RCom, Aircel becomes 2nd major telco to default
Business Standard
Ø Modi govt's reforms get thumbs-up: Moody's upgrades India's bond rating
Ø US stocks rally boosted by Wal-Mart, Cisco; House tax vote supports
Ø HDFC Standard Life to make stock market debut today
Ø Final call on construction ban in NCR today | NTPC to buy farm stubble
Ø Siemens to cut 6,900 jobs globally amid shift to renewable energy
Ø India Inc raises Rs 1.4-lakh crore via equities in 2017
Business Line
Ø Moody’s upgrades India’s sovereign bond rating
Ø After ATC tower deal, GTL eyeing ₹15,300-cr valuation
Ø Federal Bank may pick up stake in microfinance firm
Ø Several countries show interest in Brahmos missile at Dubai air show
Ø Chola looking to ramp up home loan portfolio: MD
Mint
Ø TCS to build its own technology, develop in-house talent: Rajesh Gopinathan
Ø Moody’s upgrades India’s credit rating to Baa2 in boost to Narendra Modi govt
Ø Cash holding by mutual funds in equity portfolio drops to lowest level since June
Ø 9 out of 10 Indians approve of Narendra Modi, says Pew survey
Ø IRPs initiate fresh forensic audit of Essar Steel, Bhushan Steel accounts
Financial Express
Ø Moody’s upgrades India’s credit rating: Revenue Secretary Hasmukh Adhia says government's economic reforms recognized
Ø Big boost to Modi: Moody’s upgrades India’s credit rating to Baa2 from Baa3
Ø Industry doesn't sell dreams, automation creates other jobs, says Nasscom President R Chandrasekhar
Ø Lexus NX 300h launching today: 10 things to know about this Mercedes GLC rival
Ø Hyundai reveals interesting facts about new Verna buyers, new compact family car to launch in 2018
Financial Chronicle
Ø Hiring in manufacturing to stay flat in near future
Ø Exporters can expect faster refunds as govt tweaks rules
Ø India, Singapore discuss ways to strengthen trade ties
Ø Sebi bars 14 entities for illegal money pooling activities
Ø Toyota Kirloskar brings in electric vehicles to AmAravati
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
16th Nov. 2017
Economic Times
Ø Airtel stake sale in Infratel credit positive: Moody's
Ø Sebi attaches Mallya co's a/cs, MF units, securities
Ø Ensure GST cuts passed on to consumers: Centre
Ø Demand for quality goods/services up in rural India: SBI
Ø Sebi likely to cut listing time to three days from six
Ø Digital world to create new, highly skilled jobs: Kant
Business Standard
Ø Apple gives limited option to Trai for building DND app
Ø 100 Indian firms have invested $17.9 bn in US
Ø Non-farm activities contribute two-third income in rural areas: Paper
Ø Steel Ministry urges FinMin to remove import duty on stainless steel scrap
Ø Rupee surges 21 paise to end at 65.21 on falling crude prices
Ø Airbus inks $50-bn deal to sell 430 planes to US firm Indigo Partners
Business Line
Ø HMT swings into black, logs Rs. 59 lakh profit in Q2
Ø GSTN utility for exporters to claim refunds gets activated
Ø Infibeam gets RBI nod, eyes B2B payment platform, GeM for big bucks
Ø Crisil to acquire data analytics firm Pragmatix for ₹56 crore
Ø NCLAT issues notice to RCom over Manipal Technologies ‘dues’
Mint
Ø Sebi allows multilateral entities to issue securities in IFSC
Ø Delhi to get BS-VI fuel two years early to tackle pollution
Ø ONGC Videsh’s Q2 profit rises 15% to Rs280 crore on higher production
Ø Value of India M&A deals in 2017 seen at $46.5 bn, $52.8 bn in 2019
Ø Godrej Industries’s Q2 profit rises 53% to Rs95 crore
Financial Express
Ø Airbus seals $50 billion jet deal to outdo Boeing in Dubai
Ø Government wants new MRP on 200 goods amid GST change
Ø Arun Jaitley on Singapore visit to attract investments
Ø Efforts of Railways, CIL bring record growth in coal offtake
Ø Finance Ministry asks PSBs to submit fund-raising roadmap in a month
Financial Chronicle
Ø PM asks Niti to study pulses, oilseeds for self-sufficiency
Ø Tractor firms eye 15.5% sales growth
Ø FMCG cos gear up to pass on tax reduction benefit to consumers
Ø Advanced analytical tools help identify 3.71L undisclosed A/Cs
Ø TCS bags 5-yr digital contract from Rolls
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
15th Nov. 2017
Economic Times
Ø RIL prima-facie skirted CBM policy norms: Govt
Ø Vodafone pegs $5-bn valuation for 42% stake in Indus
Ø RCom's default is now a litmus test for Modinomics
Ø Trial in Rs 22,100-crore Vodafone tax dispute in Feb
Ø Japan to relax visa regime for Indians from January 1
Ø Trade deficit widens to near 3-year high in October
Business Standard
Ø Inflation to ease in coming months: India Inc
Ø Govt seeks special dividend from RBI for bank recapitalization
Ø After 13-month recovery, exports fall 1.1% to $23 bn
Ø Sun Pharma Q2 net plunges 59% at Rs 912 cr
Ø Govt to incentivize faster implementation of highway contracts
Ø Household wealth rises 10% to $5 trillion: Credit Suisse
Ø FPIs pump $10 bn in 2017, highest in 7 years
Business Line
Ø Tata Global Beverages Q2 net up 11% at Rs. 154 cr
Ø Bombay Stock Exchange appoints S Ravi as Chairman
Ø USFDA clears 2 units of Laurus Labs
Ø Biocon arm widens partnership terms with Bristol-Myers Squibb
Ø Bring realty under GST with stamp duty, moderate rate: Assocham
Mint
Ø Reliance Comm defaults in closely-watched India test
Ø Bharat 22 ETF anchor book subscribed six times
Ø Banks invoke S4A to recast Patel Engineering’s Rs2,963.5 crore debt
Ø Khadim India shares end 8.2% lower on stock market debut
Ø Eicher Motors Q2 profit surges 25% to Rs518 crore on Royal Enfield sales
Financial Express
Ø HOEC to produce oil from Mumbai field by 2021, invest $43 million
Ø Demonetisation: 300 per cent jump in PAN applications post note ban, says CBDT
Ø WTO suggests moderate global trade growth in Q4
Ø IT spending in India to cross $87 bn in 2018: Gartner
Ø Karnataka to announce 10-year road map for IT
Financial Chronicle
Ø SC seeks govt's response on plea to regulate Bitcoin
Ø Benami assets: I-T scanning profiles of property registered over Rs 30 lakh
Ø Handloom, handicraft artisans seek complete waiver of GST
Ø Indians have gained 10 years of life expectancy since 1990
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
14th Nov. 2017
Economic Times
Ø Big tweak in insolvency law on cards
Ø Airtel plans to raise $400 mn from Infratel stake sale
Ø RIL takes corp bond route to cut Rs 2L cr debt
Ø Qualcomm rejects Broadcom's $103 billion takeover bid
Ø October retail inflation touches 7-month high
Ø Business confidence improves in Q4: D&B
Ø India Inc hopes for more cheer from GST council
Business Standard
Ø Rural roads scheme gets Rs 100,000 crore push
Ø NMDC Q2 net rises 10% to Rs 844 cr, income surges
Ø L&T walks a tightrope as new orders dwindle
Ø Shell to sell part of its Woodside Petroleum stake for $1.7 bn
Ø Shriram General Q2 net surges 150% to Rs 143 cr
Ø EY may be sole transaction advisor for Air India sale
Business Line
Ø Rupee tanks 26 paise to 65.42/$
Ø SpiceJet quarterly net jumps 79% to Rs. 105 cr
Ø Tata Chemicals Q2 net profit up 52% at Rs. 273 cr
Ø Adani Enterprises’ Q2 PAT down 6% to Rs. 59 cr
Ø Global carbon emissions to rise 2% in 2017: scientists
Ø Eveready-McLeod team up to brew packet tea business
Mint
Ø Uber approves SoftBank multibillion-dollar investment offer
Ø Vodafone, Idea to sell standalone tower assets to ATC for $1.2 billion
Ø P&G profit rises 11% to Rs115.56 crore in September quarter
Ø Khadim India to make stock market debut tomorrow
Ø Idea Cellular reports Q2 net loss at Rs1,107 crore
Financial Express
Ø India to overtake Japan to be third largest economy by 2028
Ø Nepal scraps $2.5 billion hydropower plant deal with Chinese company
Ø Government to dispose of 5 lakh tons of pulses buffer stock by March
Ø Reliance Nippon AMC Q2 net profit up 25 pc to Rs 122 cr
Financial Chronicle
Ø October trade deficit may widen to $10.8 billion
Ø Castor seed set to see more correction before recovery
Ø Cotton demand-supply situation favourable for textile firms
Ø Govt seeks interim dividend, but CPSEs may not oblige
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
13th Nov. 2017
Economic Times
Ø Govt plans Rs 3.6k-crore subsidy to telcos for BharatNet
Ø COAI asks TRAI to probe Jio’s new cashback offerings
Ø FPI inflow in equities at $1.5 billion in Nov so far
Ø RBI says no to Islamic banking in India
Ø Petronet drops plans to buy stake in Mundra LNG plant
Ø P-notes investment hits 8-yr low of Rs 1.23L cr
Ø DLF debt swells Rs 900 cr in Sep quarter to Rs 26,800 cr
Business Standard
Ø Stamp duty, property tax may stay out of GST
Ø EU Brexit chief preparing contingency plan for 'possible' failure
Ø Trump to press Modi on F-16 fighter contract in Manila
Ø AAI may issue Rs 5,000-crore bonds for projects to take off
Ø Russian firms expand footprint in India
Ø Petronet won't buy 25% stake in Mundra LPG, makes way for IOC to buy 50%
Ø Airbus, Boeing close in on Dubai deals worth $30 billion
Business Line
Ø Debit, credit cards, ATMs will be redundant in 4 years: Niti CEO
Ø RBI remains net buyer of greenback in Sept, snap up $1.3 bn
Ø Finished steel exports surge 45% in Oct; imports rise 11.5%
Ø Govt to put more capital in PSBs to strengthen them: Jaitley
Ø Coal India net profit drops 40% to Rs. 369 cr
Mint
Ø Bayer to Qualcomm suffer as EU makes time stand still on big M&A
Ø Govt to start Rs34,000 cr BharatNet phase 2 from Monday
Ø Govt plans lending reforms as bankers fear new bad debt crisis
Ø Reliance Comm Q2 consolidated loss at Rs2,709 crore
Financial Express
Ø India doing better than all financial institutions worldwide: FM Arun Jaitley
Ø Single's Day sales smash records in China with $45 billion
Ø Adani Transmission close to finalising Reliance Infrastructure power acquisition deal
Ø China’s Juneyao Airlines signs $1.4 bn engine deal with GE
Ø Videocon Telecom to strengthen Wallcam distribution network
Financial Chronicle
Ø Indians pump Rs 42,000 cr into Dubai realty, get largest foreign investor tag
Ø Cait may take Infosys to court against GSTN glitches
Ø Sebi move on record keeping impractical
Ø Banks won’t get easy money under recap plan: Banking secy
Ø Caps on spectrum holding for telcos set to go up soon
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
12th Nov. 2017
Economic Times
Ø Startups could lend a very different colour to India's IPO street in 2018
Ø Entrepreneurs plan to make Jaipur a design capital
Ø There is no anti-incumbency in Himachal, but BJP may still win the hill state
Ø 'Foreign spy agency' planning to kill Saeed, fears Pak
Ø Coal India's net profit falls about 40% in Q2
Ø Doha cloud over Bonn climate talks
Ø Debit, credit cards, ATMs will be redundant in 4 years: Niti CEO Amitabh Kant
Business Standard
Ø Few more items to come down to 18% in next meeting: Himanta Biswa Sarma
Ø ONGC to appoint consultant to evaluate HPCL buy
Ø Congress daydreaming about 2019 prospects: Vinay Sahasrabuddhe
Ø H-1B issues may affect people but not companies: Expert
Ø Revamped GST structure provides major relief to aviation sector
Ø Govt to give 60% stake in ONGC fields to private firms
Business Line
Ø Adani Power posts profit for Q2 at Rs. 256 cr
Ø RHC Finance shelves plan to buy shares from Singh brothers
Ø Cadila Healthcare gets Mexican regulatory nod to market Lipaglyn drug
Ø L&T Q2 net jumps 32 per cent to Rs. 2,020 cr
Ø RInfra Q2 net profit declines 5% to Rs. 544 crore
Mint
Ø Donald Trump says AT&T deal for Time Warner may end up in litigation
Ø Manohar Parrikar pushes for technology to control coal pollution
Ø Reliance Communications Q2 consolidated loss at Rs2,709 crore
Ø Debit, credit cards, ATMs will be redundant in 4 years: Niti Aayog CEO
Ø DLF starts new sales in residential projects after six months
Ø Reliance Infra Q2 profit falls 4.6% to Rs544 crore
Financial Express
Ø Adani Power swings to black in Q2 with Rs 298 crore net profit
Ø Reliance Infrastructure Q2 net down 4.7%
Ø Himachal Pradesh Assembly elections 2017: Voting ends with record voter turnout Shimla
Ø Lenders to RCOM face uphill struggle after debt swap
Ø Bank of England sees up to 75,000 finance job losses after Brexit, says BBC report
Financial Chronicle
Ø Put scrapping of road projects in abeyance, Gadkari tells NHAI
Ø Ford launches new EcoSport at Rs 7.31 lakh
Ø Shristi Hotel eyes pan India presence
Ø JLR drives up Q2 for Tata Motors, net profit jumps three-fold
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
11th Nov. 2017
Economic Times
Ø JSW, Vedanta among 18 cos eyeing Jaypee Infratech
Ø Axis Bank to raise $1.8 bn from Bain Capital, LIC
Ø Rules on indirect transfer of shares spook PEs, FPIs
Ø India's aviation market to be third largest by 2027
Ø Centre shortlists 18 companies for strategic sale
Ø Cabinet okays Double Taxation pact with Hong Kong
Ø Financial stress can increase risk of heart attack
Business Standard
Ø After hitting all-time high, Bitcoin slides by over $1,000 in 48 hours
Ø Companies will pass GST rate cut benefits to consumers
Ø Big GST reset: Only 50 items stay in 28% slab, eating out to get cheaper
Ø 18 firms in race for Jaypee Infratech assets
Ø Govt allows distribution of pulses for mid-day meal, other welfare schemes
Ø SBI net profit down 38% on higher provisioning
Business Line
Ø Big GST relief: Tax cut on 178 items, only 50 still in 28% slab
Ø Led by rice and pulses, rabi acreage up 18.5% to 163 lakh hectares
Ø Car sales down 5.32% in Oct; passenger vehicles dip marginally
Ø M&M net profit jumps 25% to Rs. 1,332 cr; board okays 1:1 bonus
Ø Forgetting loan waivers, States must look at insurance, pricing mechanism
Mint
Ø GST Council slashes tax rates on 177 items from 28% to 18%
Ø India Cements: Leveraged balance sheet to keep valuations lower
Ø Frequent recalibration of rates strengthens GST spirit: Himanta Biswa Sarma
Ø SBI Q2 profit falls 37% to Rs1581.55 crore, misses estimates
Ø SBI eyes overseas expansion plans 15% growth
Ø 7th Pay Commission: New minimum pay hike from April, says report
Financial Express
Ø GST impact on companies: India Inc almost fully recovered from shock
Ø Post-GST good news: Aditya Birla Fashion cuts clothes prices 8 pct in Pantaloons
Ø Disinvestment drive: Bharat 22 ETF NFO to raise Rs 8000 cr
Ø I-T raids on VK Sasikala’s kin, associates enter 3rd day
Ø Alibaba' Singles Day fest fetches $12 billion in two hours
Financial Chronicle
Ø Indians pump Rs 42,000 cr into Dubai realty, get largest foreign investor tag
Ø 'Suno RBI Kya Kehta Hai' campaign against fake offers soon
Ø IT expertise at banks' board level a must, says RBI ED
Ø Commercial coal block auction likely in FY18: Coal Secy
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
10th Nov. 2017
Economic Times
Ø EPFO may cut interest rate to 8.5% for this fiscal
Ø Reliance Industries may buy unit of bankruptcy-hit Alok
Ø Stay spectrum auctions for now: Telcos to Trai
Ø Small savings to help meet govt fiscal targets: SBI
Ø 'Note ban helped bring down realty prices by 5-10%'
Ø 'India first to partner Facebook on disaster response'
Ø Saudi Arabia detains 201 in $100 bn corruption case
Business Standard
Ø Rating downgrades continue to outpace upgrades
Ø SAIL, ArcelorMittal asked to expedite steel joint venture, says official
Ø Tata Motors Q2 profit jumps three-fold to Rs 2,483 cr
Ø Sebi mulls 'out of the box' approach to effective corporate governance
Ø HDFC Life's Rs 8,700-cr IPO subscribed 4.8 times
Ø NTPC offers fee-based operator model for stressed power plants
Business Line
Ø HPCL net profit more than doubles to Rs. 1,735 cr
Ø India INX clocks record $109 mn turnover at GIFT IFSC
Ø Morepen Labs inks pact with Belgian firm Vesale Pharma
Ø 'India on course to replace Japan as third largest economy by 2027'
Ø Drop in demand dents profit of India Cements in Q2
Mint
Ø IRB Infra woos foreign investors for toll-operate-transfer road projects
Ø India, EU to hold free trade talks next week
Ø RBI cuts printing order for new currency notes as vaults filled with old ones
Ø Britain, wooing Saudi Aramco IPO, offers $2 billion loan guarantee
Ø India drags down global demand for gold to 8-year low: World Gold Council
Ø Changes in Insolvency and Bankruptcy Code may increase burden on IRPs
Financial Express
Ø Government non-committal on cutting excise duty on petrol, diesel
Ø Arvind Panagariya, Kanwal Sibal join USISPF as advisors to Board
Ø Uber joins forces with NASA to develop flying taxis
Ø State Bank of India eyes profitable expansion outside home
Ø China, US ink $250 bn trade deals to mark Trump's 1st visit
Financial Chronicle
Ø 'Suno RBI Kya Kehta Hai' campaign against fake offers soon
Ø Hotel, restaurants body meets GST Council over tax rates
Ø HC reserves orders on petitions challenging TRAI regulations
Ø Bharat Forge net rises 61%; to issue 1:1 bonus shares
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
9th Nov. 2017
Economic Times
Ø Tower cos, operators, PE cos eye Reliance Infratel
Ø 38 multi-baggers defied cash ban to rally up to 1,150%
Ø GST advisory group for expanding composition scheme
Ø Tata Sons hikes stake in IHCL by 1.78% to 29.79%
Ø Arvind shareholders will own 3 cos: Kulin Lalbhai
Ø Commercial coal block auction likely in FY18: Coal Secretary
Ø Irda makes Aadhaar mandatory for insurance policies
Business Standard
Ø Only 62 items likely to stay in 28% GST slab
Ø Saudi crackdown targets up to $800 billion in assets
Ø RBI's liquidity clean-up to push up bond yields
Ø HDFC Standard Life IPO oversubscribed 1.15 times
Ø Ashok Leyland Q2 net profit up 14% at Rs 334 cr, exports up 39%
Ø TeamLease acquires 40% stake in Schoolguru for Rs 13 cr
Ø Reliance Infra bids lowest for Kundankulam N-plants Rs 1k-cr EPC contract
Business Line
Ø India, EU to meet on Nov 14-15 to push FTA talks
Ø United Breweries Q2 net jumps 3-fold to Rs. 94 cr on higher income, volume
Ø ICEX completes first diamond futures contract of Rs 173 cr
Ø Without PPAs, generators ‘must plug into open-market play’
Ø Banking sector needs new paradigms in digital world: BCG study
Ø Videocon WallCam launches ‘Eco Series’ range of CCTV solution
Mint
Ø IBBI tightens rules on rescue plan approvals
Ø Qatar Foundation sells 5% stake in Bharti Airtel for Rs9,600 crore
Ø Henkel calls off talks to buy 26% stake in Jyothy Labs
Ø Rupee closes marginally higher against US dollar
Ø Ford to invest $756 million in China with Zotye for electric cars
Ø Qatar Foundation sells 5% stake in Bharti Airtel for Rs9,600 crore
Financial Express
Ø BHEL bags Rs 350 crore order from Power Grid in West Bengal
Ø NASA contracts Uber to build flying taxi air control software
Ø China’s Tencent buys 12 percent stake in Snapchat owner Snap Inc
Ø TeamLease acquires 40 percent stake in Schoolguru for Rs 13 cr
Ø International banking must for better growth prospects: World Bank
Ø Bharat Forge net rises 61%; to issue 1:1 bonus shares
Financial Chronicle
Ø JPMorgan calls India bonds ‘attractive’
Ø Oil majors discount threat from renewables
Ø Five railway subsidiary IPOs on anvil; govt eyes Rs 8K cr
Ø Import duty on wheat doubled to 20%
Ø MFs biggest beneficiary of DeMo
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
8th Nov. 2017
Economic Times
Ø Modi's magic is still intact, people back note ban: ET Online survey
Ø I-T cracks whip on benami lands seizes 541 assets
Ø Modi may keep winning despite weak economy
Ø Google rolls out vehicles without human drivers
Ø Retailers now ready to accept cashless payments
Ø ONGC seeks higher gas price to develop KG Basin block
Business Standard
Ø Demonetisation a watershed moment in Indian history: Jaitley on note ban anniversary
Ø One year of demonetization: Kirana stores, consumers take cashless route
Ø PNB to close or relocate up to 300 branches
Ø One year of demonetization: Note ban helped expedite gold reforms
Ø Telcos, PE firms show interest in RCom assets
Ø One year of demonetization: I-T scanner on 80,000 cases for huge deposits
Ø Mutual funds still shy of taking on companies
Business Line
Ø 'India more attractive to do biz than World Bank ranking suggests'
Ø Lupin shares sink 17% on USFDA warning letter
Ø PE, VC investments hit new high of $21.8 bn
Ø Post re-cap, banks may take sharp haircuts to end steel sector exposure
Ø IOB net loss widens to ₹1,222 cr in Q2
Ø Rupee weakens by 13 paise to 65.16 on dollar demand
Mint
Ø Henkel calls off talks to buy 26% stake in Jyothy Labs
Ø Textile hub Tirupur still reeling from demonetization blow
Ø Ola, Microsoft tie up to build a new connected car platform
Ø Snapchat and investors are having a crisis of confidence
Ø India more attractive to do business than World Bank ranking suggests: Arvind Panagariya
Financial Express
Ø Demonetisation anniversary: Note ban well accepted now as a political success; it may well be an economic triumph too, says Surjit Bhalla
Ø Bank of England sees up to 75,000 finance job losses after Brexit, says BBC report
Ø Modi government backs small savings, allows banks to sell more schemes like NSC, recurring deposits
Ø Property market in India: Future sentiment plummets to 39-month low
Ø With bilateral trade at pounds 16 bn, India is a huge opportunity for UK: Sir Dominic Asquith KCMG
Financial Chronicle
Ø I-T to issue 1L notices for huge deposits post demonetisation
Ø Note ban, GST impact behind us, growth in sight: FM
Ø PSUs nudged to set up SPVs for greenfield units
Ø Steep fall in MF investments in Oct, but fund managers remain bullish
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
7th Nov. 2017
Economic Times
Ø Paytm plans Rs 5,000 crore topup in 3 years
Ø Aadhaar could be the missing link in Modi's plan to fix benami puzzle
Ø Everstone to acquire Kenstar from Videocon
Ø A year after DeMo, seizures of fake notes see dip
Ø Modi provided impetus to growth by rebranding India
Ø 'GST is not an election issue in Himachal Pradesh'
Business Standard
Ø HDFC Standard Life Insurance IPO opens today: Good, but an expensive franchisee
Ø Paradise Papers: Nand Lal Khemka, a Russia-loving Delhi businessman
Ø Tax avoidance boom: What Paradise Papers tell about political, biz elites
Ø CBDT chief-led multi-agency panel to probe those named in Paradise Papers
Ø Jewellery helps Titan become third-most valuable Tata firm
Ø From Amitabh Bachchan to Vijay Mallya: 714 Indians named in Paradise Papers
Ø Sonia asked Chidambaram to shield Tehelka's financiers: Jaya Jaitly
Business Line
Ø Heavy rain forecast over Tamil Nadu, Puducherry, Kerala today
Ø SGX will launch derivative trading in Nifty 50 companies
Ø Investments worth $11 bn committed during food event: Badal
Ø Indian Bank Q2 net up 11.45% on growth in ‘other income’
Ø Mahindra Powerol invests ₹160 cr to make industrial diesel generators
Ø Paradise Papers leaks show US commerce chief, Queen Elizabeth’s offshore investments
Mint
Ø Sebi, income tax dept to probe Indians named in Paradise Papers
Ø Auto part firms line up investments in Gujarat to meet automakers’ demand
Ø Everstone Group agrees to buy Kenstar from Videocon associate firm
Ø Paytm integrates BHIM UPI on its platform in bid to double user base
Ø SoftBank could ditch Uber investment for Lyft: CEO Masayoshi Son
Financial Express
Ø India to contribute $100 mn to UN development fund
Ø BSE Ltd stock rated Buy by ICICI Securities with Rs 1170 target price
Ø Paradise Papers: EU to discuss tax havens blacklist after leaks
Ø SBI chief Rajnish Kumar says promoters will not get a free run in insolvency process
Ø Tata Steel stock rated Underperform by Jefferies over India, Europe disappointments
Financial Chronicle
Ø Hasmukh Adhia designated as finance secretary
Ø Cash comes at a cost, nation moving towards digital economy: FM
Ø Govt launches multi-agency probe into Paradise Papers; 700 names from India
Ø Vemuri front-runner for Infosys CEO
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
6th Nov. 2017
Economic Times
Ø Moody's cuts RIL credit outlook to stable from +ve
Ø FPIs turn net buyers in Oct; invest Rs 3K cr in stks
Ø Air India to sell 2 properties to State Bank of India
Ø GSTN launches facility for exporters to claim refunds
Ø Govt to give 60% stake in ONGC fields to Pvt firms
Ø Jeff Bezos sells 1 mn Amazon shares for $1.1 bn
Business Standard
Ø Government to build 100 airports in 15 years
Ø Govt may infuse Rs 70,000 cr into PSBs through recap bonds in next 4 months
Ø UK rejects India's request to extradite Vijay Mallya twice
Ø Global majors to seek clarity on Google tax
Ø BSNL to rope in consultant for tower business spin-off blueprint
Ø NITI Aayog sees poverty, corruption, and terrorism free India by 2022
Ø RIL awards R-Series gas field contract in KG-D6 to McDermott
Business Line
Ø 2.24 lakh firms de-registered for non-compliance
Ø Spike in retail MF investments thru distributor route
Ø Investments worth $11 bn committed during food event: Badal
Ø Urbanisation patterns causing challenges to mobility systems says VP
Ø Tata Global Beverages completes sale of Russian subsidiaries
Ø ‘India’s food consumption to touch $ 1 trillion by 2025’
Mint
Ø GST Council to slash rates on common use items in meeting this week
Ø India to be high middle-income economy by 2047: World Bank CEO
Ø Saab and Adani Group JV to produce UAVs, military copters
Ø IPOs raise record Rs57,000 crore so far in 2017, 80% goes to existing shareholders
Ø Len Blavatnik weighs big share purchase in Teva Pharma: Reports
Financial Express
Ø Digital transactions shoot up post demonetization
Ø GST helps Vedanta to streamline supplies in India
Ø DLF’s Rs 8,900 cr deal with GIC gets Competition Commission nod
Ø Sprint and T-Mobile call off merger after months of talks
Ø Government woos investors to tap India’s agriculture sector
Financial Chronicle
Ø 202 rail projects see cost overrun of Rs 1.5 lakh crore
Ø Higher crude oil prices may worsen India’s fiscal balance
Ø Unlocking US-India Trade Potential' meet on Nov 7
Ø ITC, Pepsico, Patanjali to invest Rs. 68k cr in food & agri
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
5th Nov. 2017
Economic Times
Ø CCI clears GIC's Rs 9K cr deal with DLF's rental arm
Ø Agra’s traders yet to recover from "DeMonic" shock
Ø GST relief for small traders & biz likely next week
Ø After note ban, I-T dept should now simplify laws
Ø PM hints at crackdown on benami properties
Ø How economic downturn in Gulf states has resulted in a drop in remittances into India
Business Standard
Ø Modi promises reforms to improve business climate, hints at changes to GST
Ø Employment slowdown: IT firms have logged out of hiring for vacant posts
Ø Demonetisation, GST haunt Kolkata's Burrabazar
Ø Obamacare enrolment begins, but no major gain for Wipro, Cognizant
Ø Ashok Leyland tries waterways to send cargoes to Bangladesh
Ø NITI Aayog sees poverty, corruption, and terrorism free India by 2022
Ø World Food India 2017: Amul, TGB, Keventer keen to invest in Odisha
Business Line
Ø World stocks gain on Apple lift, dollar strengthens on data
Ø Nitin invites investors for multimodal logistics parks
Ø Fund Call: Franklin India High Growth Companies: Taking a turn for the better
Ø Urbanisation patterns causing challenges to mobility systems says VP
Ø ‘GST Council to take further corrective steps if States don’t create trouble’
Ø VRL Logistics buyback okayed
Mint
Ø CCI clears GIC’s Rs9,000 crore deal with DLF’s rental arm
Ø Early Facebook backer tied to Russia bank, Jared Kushner platform
Ø Facebook profits, Bitcoin soars and India scores on ease of doing business
Ø CCI clears GIC’s Rs9,000 crore deal with DLF’s rental arm
Ø PBOC governor warns on rising financial risk in China in blunt article
Ø Inox Wind Q2 net loss at Rs46.81 crore
Financial Express
Ø Max India stock rated Buy by Edelweiss with Rs 170 TP
Ø A year after demonetization, Pune's labor sector hails move, shrugs off ill-effects of note ban
Ø Expect more relief in GST, PM Narendra Modi hints ahead of council meet
Ø Uco Bank loss widens 62 pct to Rs 622.6 cr; asset quality worsens further
Ø Union Bank of India loss in Q2 at Rs 1531 cr as provisions double to Rs 3555 cr
Financial Chronicle
Ø Jaitley asks industry to invest in food sector
Ø 5-judge bench to deal with pleas on depositing scrapped notes
Ø PAN must for farmers
Ø PNB targets cutting down NPAs to 12% this fiscal
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
4th Nov. 2017
Economic Times
Ø Big tweak in insolvency code on government's menu
Ø Upbeat on India, Apple's Tim Cook plans rapid expansion
Ø Big GST boost for 5-star weddings this Shaadi season
Ø Modi woos MNCs with new ease of business rank
Ø Torrent buys Unichem’s domestic biz for Rs 3,600 cr
Ø DeMon to power 80% rise in digi payments
Business Standard
Ø Torrent Pharma to pay Rs 3,600 crore for Unichem's branded business
Ø Over 260,000 towers up for grabs as telcos look to repay debt and boost network
Ø UB Engineering files liquidation plea after creditors reject recast plan
Ø NPA provisioning effect: Union Bank, UCO in red; PNB net sees rise in Q2
Ø New India Assurance's mega IPO gets lukewarm response
Ø Sensex, Nifty end at record high
Ø Reliance Nippon AMC to make stock market debut on Nov 6
Business Line
Ø SEBI launches awareness campaign for new investors
Ø Rs. 5 lakh cr bond sale planned for funding infra projects: Nitin Gadkari
Ø Lenovo agrees to buy 51% stake in Fujitsu PC unit for $269 million
Ø ONGC gets government nod for acquiring HPCL
Ø SBI brings home loan rate to lowest in industry to 8.30%
Ø Andhra Bank Q2 loss at Rs. 385 cr on higher bad loan provisions
Mint
Ø UPI transaction volume hits 76.8 million in October
Ø Airtel earmarks Rs25,000 crore capex in FY18 for 4G network expansion
Ø SBI cuts interest rates for home, auto loans by 5 basis pts
Ø LIC puts $1 bn bid for shares in New India Assurance IPO
Ø NTPC power plant blast: Death toll rises to 29, NHRC serves notice to UP govt
Ø Cognizant Q3 profit up 11% to $495 million, revises revenue growth outlook
Financial Express
Ø Bank recapitalisation: Government may turn to RBI for Rs 43,000 crore as bad loans “swelled” under their watch
Ø Taxman imposes rigorous regime of compliance on MNCs in India
Ø European development bank to sign solar pact with International Solar Alliance
Ø Ramco Systems to tap United Kingdom, Ireland markets: CEO
Ø Trump selects Powell for Fed Chairman, replacing Yellen
Financial Chronicle
Ø Bitcoin skyrockets above $7,000 for first time ever
Ø More global entities, banks need to join hands with ISA: FM
Ø FSSAI launched Food Regulatory portal for businesses
Ø India emerges number one vibrant start-up landscape: Nasscom
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
3rd Nov. 2017
Economic Times
Ø Bank of England hikes rates for first time in a decade
Ø US jobless claims near 44-1/2-year low
Ø CBI probe sought against Infosys over GSTN glitches
Ø Airtel opposes change in spectrum band cap
Ø RBI asks large borrowers to get unique code from banks
Ø Modi govt plans war on bitcoin dealers in India
Business Standard
Ø Relief for RCom as TechM withdraws insolvency case
Ø Govt cuts capex 2 months in a row to contain fiscal deficit
Ø Vedanta Q2 PAT lower-than-expected at Rs 2,036 cr, up 43% y-o-y
Ø Piramal Group in race to buy stakes in Binani Cement, Electrosteel Steels
Ø USFDA lifts import alert on Divi's Vizag plant
Ø Adani seeks $1.54 bn from Chinese firm for funding Australia coal project
Ø Alibaba says profit up 132% in 'outstanding' quarter amid soaring sales
Business Line
Ø SEBI launches awareness campaign for new investors
Ø Rs. 5 lakh cr bond sale planned for funding infra projects: Nitin Gadkari
Ø Lenovo agrees to buy 51% stake in Fujitsu PC unit for $269 million
Ø ONGC gets government nod for acquiring HPCL
Ø SBI brings home loan rate to lowest in industry to 8.30%
Ø Andhra Bank Q2 loss at Rs. 385 cr on higher bad loan provisions
Mint
Ø UPI transaction volume hits 76.8 million in October
Ø Airtel earmarks Rs25,000 crore capex in FY18 for 4G network expansion
Ø SBI cuts interest rates for home, auto loans by 5 basis pts
Ø LIC puts $1 bn bid for shares in New India Assurance IPO
Ø NTPC power plant blast: Death toll rises to 29, NHRC serves notice to UP govt
Ø Cognizant Q3 profit up 11% to $495 million, revises revenue growth outlook
Financial Express
Ø Bank recapitalisation: Government may turn to RBI for Rs 43,000 crore as bad loans “swelled” under their watch
Ø Taxman imposes rigorous regime of compliance on MNCs in India
Ø European development bank to sign solar pact with International Solar Alliance
Ø Ramco Systems to tap United Kingdom, Ireland markets: CEO
Ø Trump selects Powell for Fed Chairman, replacing Yellen
Financial Chronicle
Ø Bitcoin skyrockets above $7,000 for first time ever
Ø More global entities, banks need to join hands with ISA: FM
Ø FSSAI launched Food Regulatory portal for businesses
Ø India emerges number one vibrant start-up landscape: Nasscom
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
2nd Nov. 2017
Economic Times
Ø Fed holds rates, remains on road to December hike
Ø With $42.1 bn net worth, Mukesh Ambani becomes Asia's richest
Ø Alternative mechanism set up for PSB merger
Ø Airtel to shut down 3G network in 3-4 years
Ø Airtel to transfer optical fibre biz to Telesonic Networks
Ø Investment in food processing to cross Rs 65K cr
Ø Non-subsidised LPG price hiked by Rs 93 per cylinder
Business Standard
Ø Airtel raises year's capex estimate to Rs 25,000 cr
Ø Adani buys RInfra's Mumbai power biz for Rs 1,000 cr, aims to reduce debt
Ø TVS Motor profit up 20%, co declares interim dividend
Ø Escorts tractor sales up 14% in Oct; exports nearly double
Ø LIC insurance for New India's mega IPO
Ø Bitcoin hits new all-time high of $6,450
Ø Tech Mahindra Q2 net profit up 30% to Rs 836 cr
Business Line
Ø Sensex ends at new life-time high of 33,600; Nifty tops 10,450-mark
Ø Tata is most valuable brand in India; RIL,Airtel ranked No2,3
Ø LIC ups stake in Colgate Palmolive India to over 7%
Ø Govt to implement 200 reforms to push India into top 50 in WB ranking: DIPP
Ø Mahindra Logistics IPO subscribed 1.32 times
Mint
Ø World Bank endorses Modi government’s reform credentials
Ø Indian generic drug makers jolted by US price-fixing conspiracy
Ø Docomo still holds 11.76% in Tata Teleservices Mah
Ø Hero MotoCorp Q2 net profit up marginally at Rs1,010 cr
Ø IIFL Holdings to inject Rs150 crore into India Infoline
Financial Express
Ø GSTN launches offline utility for GSTR-2
Ø RuPay Discover Global Card reaches 25 million milestone
Ø PSU Disinvestment: Government approves entire 73% stake sale in Dredging Corp of India
Ø India’s current account deficit to be 1.5% of GDP this fiscal
Ø Airtel to sell iPhone X through its online store
Financial Chronicle
Ø HC stays NCLT show cause notice to McDonald's
Ø Gold smuggling soars 80% after GST rollout
Ø Mint says no RBI order to print Rs 2,000 notes
Ø NBFCs may gain from PSU bank recap
Ø 16 dead, 100 scorched in NTPC boiler blast in Rae Bareli
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
1st Nov. 2017
Economic Times
Ø Jaitley vows more reforms to break into top 50
Ø Jump in ease of doing biz to get India more FDI
Ø Bank credit to all major sectors continues to slow down
Ø Airtel's Q2 net profit goes down by a whopping 64%
Ø BoE sees up to 75,000 finance job losses after Brexit
Ø IMF tells Gulf states to speed up switch from oil
Ø SC lays down norms for accident claim computation
Business Standard
Ø India breaks into top 100 clubs in ease of doing business
Ø SBI cuts lending rates first time in 10 months, by 5 bps
Ø Banks seek more clarity on RCom's debt recast plan
Ø NTT DoCoMo receives $1.2 bn as arbitration award from Tata Sons
Ø Escorts Ltd Q2 net profit up 148% to Rs 78 cr riding on robust sales
Ø Mphasis eyes $1 bn revenue mark, tap digital opportunities
Business Line
Ø IRB InvIT Fund declares 2nd distribution for FY18
Ø Fiscal deficit touches 91.3% of full-year target between April-Sept 2017
Ø Decline in installation cost to drive growth of renewables: Fitch
Ø HDFC Standard Life promoters to dilute 14.92% stake
Ø Dabur India posts Rs 363 cr net profit; board declares 125% interim dividend
Mint
Ø IDBI Bank reports 4th straight quarterly loss, gross NPAs rise to 25%
Ø Dr Reddy’s Q2 net profit falls to Rs305 crore, beats estimates
Ø Goldman Sachs sees rate hike soon as India bank rescue to spur growth
Ø Mahindra Logistics IPO subscribed 48% so far on the first day
Ø Bitcoin futures could open to floodgates of institutional money
Financial Express
Ø Core sector growth hits 6 months high of 5.2% in September
Ø RCEP trade ministers may take stock in Manila in mid-Nov
Ø Trade between India, Italy can go beyond current $8.8 billion: Modi
Ø Compensation from Pratt & Whitney, Airbus has IndiGo net soaring fourfold
Ø HPCL to acquire MRPL in share-swap deal
Financial Chronicle
Ø Govt clears mega project to acquire 111 helicopters for Navy
Ø Sensex feels the chill, logs first fall in seven sessions
Ø Car sales to grow by 9-10% in FY18
Ø Farm crisis looms large as farmers sell crops below support prices
Ø IndiGo Q2 profit jumps four-fold, beats estimates
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
31st Oct. 2017
Economic Times
Ø Govt sets up Jaitley-led panel on PSU bank mergers
Ø Govt extends GSTR-2 & GSTR-3 to Nov 30 and Dec 11
Ø SBI extends Rs 2317 crore for 43 solar power projects
Ø Bharti Infratel may buy stake in Indus Towers
Ø GST collections in line with projections, no shortfall
Ø Brookfield, Resurgent bid to buy JP Power
Ø MCA scanner on banks lending to deregistered cos
Business Standard
Ø Customs duty on polyester fabric raised to 20%
Ø World Bank, Fin Min sign loan deal worth $200 mn for aiding Assam agri-biz
Ø Overseas investors turn net buyers in October
Ø China's top lenders see growth in Q3 net, tapering of bad loans
Ø No loan write off needed, lenders, to take 51% after conversion: RCom
Ø Lupin's profit dips 31 percent on weak US sales
Business Line
Ø IDFC, Shriram merger called off over share swap disagreement
Ø Hindustan Aeronautics, 3 others get Sebi’s nod for IPO
Ø China slams US aluminum foil tariff ahead of Trump visit
Ø Real estate investment in 6 top cities doubles to $2.9 bn: Report
Ø EIH Q2 net dips 48 percent
Ø IOC gets green nod for Rs. 273cr KSPL augmentation project
Mint
Ø Tata Steel returns to profit in Q2 but misses analyst estimates
Ø Panel suggests making GST inclusion in MRP mandatory
Ø RBI likely to go for rate cut in December monetary policy review: BofA-ML
Ø UPL Q2 profit up 43% at Rs238 crore
Ø HPCL buy to push ONGC’s rating in upper limit: Moody’s
Ø IDFC Q2 profit falls 36% to Rs181 crore
Financial Express
Ø Saudi Arabia mulls more fiscal expansion in 2018 to spur economy
Ø Euro-area economic confidence surges to highest in 17 years
Ø Flipkart and Decathlon announce partnership
Ø Bharti Telecom to raise stake in Bharti Airtel to 50.1%
Ø Gadkari invites UAE investors for infra development
Financial Chronicle
Ø Earnings recovery could be visible from Q3 onwards
Ø Base metals watch US dollar movement for cues
Ø IPO price band of Rs 275-290 values HDFC Life at Rs 58K cr
Ø Investors may lap up Infosys offer to buy back shares
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
30th Oct. 2017
Economic Times
Ø LIC may participate in bank recapitalization programme
Ø Govt to examine ‘Grey Areas’ in Companies Act
Ø Govt may miss FY18 revenue collection target: Official
Ø 'Bank recap plan to push GDP growth to 7% in FY19'
Ø Infosys to begin another round of shareholder outreach
Ø Bailout not going to cure Banks' bad lending habits
Business Standard
Ø Ease of doing biz still a major concern: Sunil Mittal
Ø Essar Group, Tatas, ArcelorMittal submit bids for debt-laden Essar Steel
Ø FPIs pump $3 bn into Indian capital markets in October
Ø Reliance Jio moves to broadband, TV space after success in mobile telephony
Ø Hindustan Unilever to spend Rs 2,000 cr for dividend payment in FY18
Ø Maruti Suzuki to build e-cars as govt plans to electrify vehicles by 2030
Business Line
Ø GST Council asks Infosys to make portal more user-friendly
Ø ‘Non-life insurance will be a major driver of growth’
Ø African-Caribbean group backs India at WTO on food security
Ø Centre asks CIL to ramp up coal output to meet robust demand,
Ø Electronic security firm Zicom bets big on IoT, eyes revenue of₹200 cr by 2020
Mint
Ø Bharat 22 ETF to open on 14 November, to raise Rs8K cr
Ø Govt stake sale in PSU banks can fetch more than Rs58,000 crore: Assocham
Ø SBI General Insurance net zooms to Rs251 crore on one-time income in Q2
Ø India becomes Honda’s No.1 market in Asia Oceania region
Ø Centre releases Rs8,698 cr as GST compensation to states
Financial Express
Ø Businesses under composition scheme to soon start filing GST returns
Ø Group of Ministers for 12% GST on AC eateries, composition scheme tax cut
Ø Flagging economy pushed down M&A activity in India, says report
Ø Bank recap bill too could be handed over to LIC
Financial Chronicle
Ø Zero coupon bonds on govt table for PSU bank recapitalisation
Ø ICICI Bank’s Q2 profit plunges by 34% to Rs 2,058 cr
Ø No respite likely for banks on provisioning norms
Ø Trai may ban unreported personalised tariff plans
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
28th Oct. 2017
Economic Times
Ø P&W engine snags land IndiGo, GoAir planes in trouble
Ø Bezos passes Gates to be the world's richest person
Ø Ashok Leyland to invest 400-500 crore on EVs
Ø India pips US to become 2nd-largest smartphone market
Ø Coca-Cola may have finally found the formula to beat low single-digit growth in India
Ø Harley-Davidson and Triumph have a desi challenger, but it's not Royal Enfield
Ø Railways opens door to private steelmakers
Business Standard
Ø SBI asks Odisha to take equity in Bhushan Steel
Ø Lenders prefer sectoral guidelines for choosing buyers in insolvency sales
Ø EY, Rothschild and Cyril Amarchand to advise on Air India privatization
Ø Tata Sons to put Rs 30,000 cr into Tata Teleservices
Ø ICICI Bank Q2 net falls 34% to Rs 2,058 cr but bad loans stabilize
Ø ITC profit rises in line with forecast, up 5.6%; cigarettes hit by high tax
Ø Maruti Suzuki profit, hit by low non-operating income, rises 3%
Business Line
Ø Slippages down, but weak earnings drag ICICI Bank
Ø Vedanta, Adani may bid for $9 bln Indian diamond mine left by Rio
Ø As the door closes on H-1B, Indians turn to EB-5 for a ticket to the American dream
Ø Online hospitality company OYO checks out of ZO Rooms-buy deal
Ø ‘H-1B is an important but small issue in India-US trade’
Ø Mutual funds growing at rate of 15 percent: Kotak Mutual Fund
Mint
Ø ICICI Bank now awaits RBI litmus test on bad loan divergence
Ø Shoppers Stop Q2: margins up but sales disappoint
Ø ICICI Bank Q2 profit down 34% to Rs2,058 crore, bad loans stable
Ø ITC Q2 profit hit by tax increase on cigarettes
Ø Dassault to invest €100 million in joint venture with Reliance Group
Financial Express
Ø E-commerce firms Flipkart, Amazon, others saw highest ever monthly sales of $3.2 bn; 45 pct higher than last year
Ø ICICI Bank NPAs stay stable even as profit plunges 30 pct in Q2
Ø Reliance, Dassault lay foundation stone for Rs 6,500 cr Dhirubhai Ambani Space Park in Nagpur
Ø Climate change on earth could be far worse than calculated
Ø Telecom industry going through stress, but it is temporary: Aruna Sundararajan
Financial Chronicle
Ø ICICI Bank’s Q2 profit plunges by 34% to Rs 2,058 cr
Ø Capital infusion will boost market sentiment
Ø Under Trump plan, refugees from 11 countries face additional US barriers
Ø PSU oil marketers profit seen soaring on higher GRM
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
27th Oct. 2017
Economic Times
Ø 'Recapitalisation to boost investments & jobs'
Ø 'IT cos credit profile to be stable despite pressure'
Ø Trai recommendations on data privacy by January
Ø India needs Rs 50L-cr infra investment over 5 yrs: Crisil
Ø Govt expects $40 bn in Indian E&P in 4-5 years
Ø PML rules: BSE seeks update on clients' Aadhaar nos
Ø 'India has 3rd highest number of family-owned biz'
Business Standard
Ø Sebi issues new block deal window rules; minimum order size now Rs 10 cr
Ø Ruias take Russian tie-up route for Essar Steel bid
Ø L&T Construction bags orders worth Rs 3,551 cr
Ø Coal pricing formula caused Rs 8,400 cr under-recovery
Ø Govt raises Rs 710 cr by divesting 5% in NLC India
Ø Gold import double in September quarter despite GST, PMLA notification
Ø YES Bank Q2 net jumps 25% to Rs 1,003 cr; bad loans spike
Business Line
Ø ‘MGNREGA wage payments worth Rs. 3,066 cr pending in 19 states’
Ø SEBI asks bourses to have block deals in 2 sessions daily
Ø Ebix, BSE sign MoU to launch JV for insurance distribution network
Ø Electronic major eyes 200 acres at JNPT SEZ: Gadkari
Ø Sun Pharma gets USFDA nod for generic cardiac drug
Ø KEC International wins new orders worth Rs. 1,931 cr
Mint
Ø RIL becomes first Indian company to cross Rs6 trillion market cap
Ø HDFC Std Life IPO’s price band fixed at Rs275-290 per sh.
Ø Govt may follow 1990s strategy to sell recapitalization bonds: experts
Ø Rel Nippon Life AMC IPO subscribed 7.45 times on Day 2
Ø ECB keeps interest rates unchanged, as expected, extends bond-buying programme’s lifespan
Financial Express
Ø Amid disinvestment boom, Niti Aayog suggests strategic stake sale in 34 sick PSUs
Ø Government extends date to claim GST transition credit till November 30
Ø Recapitalisation plan positive for banks’ ratings: Fitch
Ø India emerges as biggest source for digital talent: Survey
Ø India should shed its reservations over BRI and join it: China
Financial Chronicle
Ø Seven firms in race for Air India sale advisor
Ø Import duty on wheat to be raised from 10% to 20%
Ø India’s infra story gaining momentum
Ø I-T dept attaches promoter holding in NDTV
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
26th Oct. 2017
Economic Times
Ø Bank recap boosts Sensex, Nifty to lifetime highs
Ø IGST relief likely for foreign banks, MNCs
Ø RCom may shut its wireless business in next 30 days
Ø Infy board unlikely to disclose internal probe details
Ø RIL, BP finalize plans to develop all KG-D6 fields
Ø 'Food processing, retail will get $10 billion in FDI'
Business Standard
Ø RBI, Centre see leap in economy
Ø India levies anti-dumping duty on steel from China, EU, US
Ø RCom to shut 2G biz; forces users to shift to 4G or port out
Ø Partial privatization of airports finds no takers
Ø GIP to buy global portfolio of Equis Energy for $5 bn
Ø Emami posts 49% increase in Q2 profit at Rs 99 cr
Business Line
Ø Hind Unilever posts 16% rise in Q2 profit
Ø ‘Germany, UK will gain the most from an India-EU free trade deal’
Ø Bank recap plan to address sector challenges: Urjit
Ø PM to open global meet on consumer protection
Ø Delayed AGMs likely a pointer to poor results, says IiAS
Mint
Ø Railways floats global tender for rails to improve track safety
Ø Arvind Subramanian backs selective capital infusion, bank privatization
Ø Banks recapitalization will hurt govt’s debt-to-GDP ratio
Ø Venture capital-backed firms mop up record $9.6 billion in January-September 2017
Financial Express
Ø Rail safety fund of Rs 1L cr to be used in 2 years, says Piyush Goyal
Ø Bid for 500 MW delayed as industry body seeks central govt guidelines
Ø US Treasury yields rise on upbeat data, Federal Reserve chair talk
Ø Axis Bank NPAs: Essar, Jindal Steel & Power, Lanco, Ballarpur on list
Financial Chronicle
Ø Global firms to pick stakes in ONGC, OIL blocks
Ø Narayana Murthy to pursue poor governance issue
Ø Govt’s booster dose sends SBI in the league of biggies
Ø New India Assurance sets IPO price band at Rs 770-800
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
25th Oct. 2017
Economic Times
Ø Flipkart, Amazon focus on saving, shrink investment
Ø Apple acquires NZ-based firm for better wireless future
Ø BJP set to score easy wins in HP, Gujarat: Survey
Ø New rail website, app soon to help book tickets faster
Ø Saudi Arabia to build $500-billion megacity
Ø Bajaj Finance to give new clients loans for phone buys
Business Standard
Ø HCL Tech second-quarter net profit rises 9.5%, beats estimates
Ø Govt clears Rs 2.11 lakh crore bank recapitalization plan
Ø Cabinet clears Rs 7 lakh crore Bharatmala project
Ø Bankers' fees drop as IPO sizes balloon
Ø PSU bank recapitalization: Analysts concerned about budgetary support
Ø GIP buys entire global portfolio of Equis Energy for $5 bn
Ø GST, note ban helped trace agriculture income flow
Business Line
Ø Decision on Universal Basic Income depends on social, political preferences in India: IMF
Ø EEPC India signs pact with Punjab National Bank
Ø GST: Govt collects ₹ 92,150 crore revenue in September
Ø Reliance Nippon Life Asset Management: A diversifier for the long run
Ø With bumper crop and polls ahead, Gujarat begins groundnut procurement
Mint
Ø Modi govt’s mid-year booster shot for Indian economy
Ø Infosys gives clean chit to Panaya acquisition, Narayana Murthy ‘disappointed’
Ø Govt announces Rs2.11 trillion PSU bank recapitalization plan
Ø Banks back fintech start-ups, eye access to tech solutions in return
Ø RBI imposes Rs2 crore penalty on IDFC Bank, Rs6 crore on Yes Bank
Ø Cabinet approves Rs7 trillion road construction plan, including Bharatmala
Ø Donald Trump to skip key East Asia Summit while in Asia
Financial Express
Ø PSBs get Rs 2.11 lakh cr; This is the big bang economy needed, but real thing still missing
Ø Malls, hospitals in South Delhi charge parking fee illegally, SDMC to take strict action
Ø Delhi International Airport profit soars 16.2 pct to Rs 586 cr
Ø DIPP clears Reebok’s proposal to set up retail stores in India
Ø Crackdown on India shell companies unearths $1 billion cash
Financial Chronicle
Ø Govt banks on additional divestment proceeds to balance extra expenditure
Ø Govt unveils Rs 9 lakh cr package to boost economy
Ø Bad loans resolution key to SBI credit profile
Ø Corruption crackdown yields $1b, claims govt
Ø Rs 7 lakh crore push to build 83,677 km of roads
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
24th Oct. 2017
Economic Times
Ø RCom-Sistema Shyam merger gets DoT approval
Ø UK fines Merrill Lynch £34.5 mn for unreported deals
Ø SC orders refund of principal to Supertech home buyers
Ø K'taka bans pillion on 2 wheelers below 100 cc capacity
Ø JioPhone reportedly explodes; Co says it's sabotage
Ø Reliance MF IPO sees big anchor investors demand
Business Standard
Ø MNCs lobby against price cuts of stents & knee implants
Ø Coal ministry rejects Nalco's claim of fuel supply shortage
Ø Weak steel market to delay Mesco-Posco Finex deal
Ø Reliance Industries' m-cap gets nearer to Rs 6 lakh cr
Ø Real estate companies are now relying on Rera to woo buyers
Ø 'Govt plan may bring non-essential drugs under price control'
Ø Exporters can claim refund this week for GST paid in Aug, Sept
Business Line
Ø Kharif crops in good condition; not hit by rains: Pattanayak
Ø World energy bodies caution India on wind projects
Ø Solar costs to fall further, powering global demand: Irena
Ø Lenders to exit IVRCL debt restructure mechanism
Ø Govt’s rice procurement rises marginally to 69.89 LT so far
Mint
Ø US delegation visits UP to assess investment potential
Ø Bharat-22 ETF likely to be launched in November
Ø India Post Payments Bank appoints Vodafone M-Pesa’s Suresh Sethi as MD, CEO
Ø IEX shares close 1.43% lower on stock market debut
Ø Rel Jio’s tariff hike suggests worst may be over for telcos
Ø Havells India Q2 profit at Rs171 crore
Ø Indiabulls Housing Finance Q2 net rises 24% to Rs852 cr
Financial Express
Ø Fiscal deficit of 3.2% seems not difficult in FY18, says report
Ø 331 infra projects see cost overrun of Rs 1.72 lakh cr
Ø Government will achieve fiscal deficit and disinvestment targets in FY18: SBI report
Ø Air India eyes sale of scrapped engine parts
Ø BHEL starts execution of Rs 20,400 crore Yadadri thermal power plant in Telangana
Financial Chronicle
Ø Non-life insurance industry is poised for great growth
Ø Hindustan Zinc Q2 net profit rises 34% on metal rally
Ø Solar panel costs to fall by 60% in 10 years
Ø Sebi disposes of proceedings against NDTV promoters
Ø Unitech’s Sanjay Chandra asked to deposit Rs 1,000 cr
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23rd Oct. 2017
Economic Times
Ø Overseas Indians are rushing back home
Ø Chances of return dim, Mallya to leave UBL board
Ø Discounts on smartphones may not end with Diwali
Ø Note ban deposits: Shell cos may face criminal action
Ø Capital Float will lend to kiranas & vegetable sellers
Ø GST valuation rules may lead to transfer pricing disputes
Ø Original IDs must for transactions above Rs 50,000
Business Standard
Ø India's largest companies cut hiring by 45% in FY17
Ø Lithium makers hit gold with global push for e-vehicles
Ø JSW, Tata Steel, Vedanta eye Bhushan Power
Ø PM launches Gujarat's Ro-Ro ferry
Ø RJio's 4G feature phone faces stiff competition from Micromax Bharat-1
Ø Infosys Q2 results: Analysts expect concrete guidance, stability
Business Line
Ø Asian shares get tailwind from Wall Street's record finish
Ø Maharashtra loan waiver: Money to be deposited in farmers' accounts today
Ø Indian Energy Exchange makes weak debut; lists 9% below issue price
Ø Japan shares at 20-year high on Shinzo Abe victory, yen at 3-month low
Ø Rate sensitive shares end firm post RBI policy; Nifty Bank hits new high
Ø IGST refunds for exporters start, but at a slow pace
Mint
Ø IEX shares fall 9.09% on stock market debut
Ø Small caps continue upward march, defying steep valuations
Ø Flush with funds, Flipkart eyeing more acquisitions
Ø Subdued Diwali for automakers as buyers stay away
Ø Sebi to tighten listing norms as part of crackdown on shell firms
Financial Express
Ø IEX share price falls on listing; stock trading at 2% discount to IPO price on exchange debut
Ø Supreme Court to hear Unitech real estate developers' case today
Ø SBI debit cards spend share falls; 2 banks steal limelight, RBI data shows
Ø PSBs stake sale: Centre puts these 8 banks on first list
Ø 5 ways an Electric Car outperforms fuel powered cars: Aside from the fact that they are more eco-friendly!
Financial Chronicle
Ø Economy on growth track: PM
Ø Private firms may get nod for commercial coal mining soon
Ø Rival airlines may share cost of disabled plane recovery
Ø FinMin mulling recap bonds to resolve bank capital issue
Ø Contract farming to ensure MSP on the cards
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
22nd Oct. 2017
Economic Times
Ø Switzerland, Sweden and Japan new allies in Modi's job hunt for Indians
Ø New petition in SC challenges RBI's Aadhaar order
Ø Indians are writing their wills earlier, and online
Ø Market crash of 1929: Some facts of economic downturn
Ø Xi Jinping's forward march may have dragged China politically & economically backward
Ø Bank account-Aadhaar linkage mandatory: RBI
Ø 'Siddaramaiah, Shivakumar in Rs 447 crore scam'
Business Standard
Ø Religious tourism driving leisure travel, but God isn't top of mind: OYO
Ø No Tata CEO spoke ill of Cyrus Mistry, says Nirmalya Kumar
Ø RBI says linking Aadhaar to bank accounts must
Ø California judge tosses $417 million talc cancer verdict against J&J
Ø JSW Steel to tweak design of Odisha project
Ø Europe, APAC deals to cut dependence on single market: Persistent Systems
Business Line
Ø Linking Aadhaar number to bank accounts mandatory: RBI
Ø Research can help cut costs, says CEO of Cytecare Cancer Hospitals
Ø SEBI penalizes individual in M&M share trade case
Ø London Stock Exchange CEO Rolet to step down by 2018 end
Ø Gold drifts lower as dollar regains strength
Ø Snowman Logistics rallies nearly 9% on IKEA deal
Mint
Ø Opec says ‘all options are open’ as compliance at record level
Ø Sovereign gold bond rate fixed at Rs2,971 per gram
Ø Volvo lifts market outlook as profit, order intake shine in September quarter
Ø P2P lending platforms can put downward pressure on interest rates
Ø Linking Aadhaar number to bank accounts is mandatory, says RBI
Financial Express
Ø Put mandatory Aadhaar linking with bank accounts on hold, says AIBOC
Ø Apple, Foxconn to meet an iPhone X faces production issues: Report
Ø Damodar Valley Corporation could shun JV plan with NLC for Raghunathpur thermal power plant
Ø Two-wheeler sales: Premium motorcycles, automatic scooters are new buzzword in auto segment; here is how
Ø Facing coal shortage, Nalco closes captive power plant
Financial Chronicle
Ø Sebi bans Grass Root Finance, 13 others from markets
Ø Mandatory linking of bank a/cs with Aadhaar not under RBI directive
Ø Have lodged seven more cases in coal scam: ED to SC
Ø Brokerages see consumption stocks doing well in new year
Ø GST and strong rupee hit textile exports
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
21st Oct. 2017
Economic Times
Ø GST: Banks, insurers to issue single monthly invoices
Ø Global steel giant ArcelorMittal joins race to acquire troubled Bhushan Steel
Ø Govt allows banks to sell more small savings schemes
Ø Sales growth still behind historic levels: Unilever
Ø GMR Hyderabad Airport to raise $350 mn global bonds
Ø Nissan to suspend production of cars for Japan
Ø 'India's reserves sufficient to cushion against external woes'
Business Standard
Ø Mahindra Rural HFC to disburse higher-ticket affordable loans
Ø Govt frames valuation rules for unlisted firms
Ø Now, govt allows most banks to accept deposits under small savings schemes
Ø Taxpayers get relief for income mismatch
Ø Lyft is said to explore IPO as it raises $1 bn
Ø Apple hit with trademark lawsuit over iPhone X 'animoji' feature
Business Line
Ø WTO: Ending ban on IP cases is prescription for more disputes
Ø Novartis loses seven-year Glivec battle
Ø TVS Motor strengthens its No 2 position in scooter segment with vrooming sales
Ø GVK Power ‘set to’ bag ₹16,000-cr Navi Mumbai airport project
Ø US tax reform move boosts dollar, stocks, bond yields
Ø Ayurvedic brand Patanjali’s rapid growth is forcing other FMCG firms
Mint
Ø Aadhaar centers: Banks question UIDAI’s authority to issue directions
Ø Rupee’s depreciation over next year will be a positive: Nishith Sheth
Ø Amazon claims Great Indian Festival biggest shopping event ever
Ø Analysts look at IT, pharma stocks as Sensex, Nifty scale record peaks
Ø Apple hit with trademark lawsuit over iPhone X ‘animoji’ feature
Financial Express
Ø Funds raised via equity to hit 13-year high at Rs 1.3 lakh cr in 2017; slew of IPOs, OFS in offing
Ø Affordable bikes sales rise after gap of 3 fiscals; Hero MotoCorp, TVS Motors offerings show
Ø GMR Hyderabad Airport raises $350 mn via dollar bonds; set to deploy it to refinance loans
Ø Developers on a high as mall vacancies start falling pan-India and fund infusion rises
Ø Indian Railways Finance Corporation, 2 other rail PSUs IPOs to hit markets in Q4
Financial Chronicle
Ø Good smartphones are getting cheap and cheap
Ø Toyota Targets 620-Mile Range With Concept Fuel-Cell Vehicle
Ø Intel proposes to make self-driving cars blameless
Ø Telcos may get financial relief by Dec
Ø Indian professionals are losing interest in USA & UK as destinations
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
19th Oct. 2017
Economic Times
Ø You could soon be hiring a plane like Uber at almost half the price
Ø 60K investors now entering Mutual Fund mkt every day
Ø Maharashtra RERA rejects plea against Monarch
Ø Mahindra ties up with HDFC Cap for affordable housing
Ø LinkedIn India posts Rs 30-crore profit in FY17
Ø Hero Group set to buy wind energy assets of Bhilwara
Ø Govt plans to cap margins for medical devices
Business Standard
Ø GAIL to invest Rs 12,940 cr on natural gas pipeline network
Ø Market verdict: Bull run to continue in new Samvat
Ø Our focus is to expand presence in car tyre market: Ceat MD Anant Goenka
Ø Railway stations in 15 cities may soon offer residential apartments
Ø MAS Financial Services lists at Rs 660, 44% premium against issue price
Ø Device lobby AdvaMed wants US to stop import benefits to Indian firms
Business Line
Ø Sensex closes down 25 points at 32,584, Nifty off record highs
Ø Govt imposes curbs on gold import by 4, 5-star export houses
Ø UltraTech Cement Q2 net falls 31% on higher expenses
Ø Government taking steps to curb coal shortage
Ø Wipro shares gain over 3% after Sept quarter results
Ø Rupee closes marginally lower by 2 paise at 65.04
Mint
Ø Reliance Jio tariff hiked: 84-day 4G plan now costs Rs459
Ø Diwali Muhurat trading from 6.30pm to 7.30pm on 19 October
Ø UltraTech Cement: surging fuel cost remains a worry
Ø Unitech plans to sell 6 land parcels to tide over crisis
Ø BP Plc working with Reliance Industries to start petrol pumps
Financial Express
Ø Tata Teleservices Maharashtra Board clears Rs 20,000 cr in fundraising
Ø Amazon, Flipkart to give much-needed boost to consumer electronics after it suffered demonetization, GST blows
Ø Gandhian concept of Ram Rajya can be realized with IT: Sam Pitroda
Ø PM Narendra Modi asks bureaucrats to break silos to speed up work
Ø RBI highlighted economic growth likely to improve in second half of fiscal: MPC Minutes
Financial Chronicle
Ø Telcos may get financial relief by Dec
Ø New norms may choke China imports
Ø Brokerages see consumption stocks doing well in new year
Ø IPO market on roll with Rs 39K crore raised in FY18
Ø More non-life insurers to take IPO route for capital needs
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
18th Oct. 2017
Economic Times
Ø Eating out may get cheaper as government plans flat 12% GST on all restaurants
Ø Notable increase in Forex purchase by India: US
Ø Flipkart plans to pick 8-10% stake in Future Lifestyle
Ø Make bankruptcy law accountable, not time-bound: Kroll
Ø Led by Chinese, nearly 600 companies line up $85 billion investments in India
Ø Can anyone stop the Jio juggernaut? Mukesh Ambani deploys brutal force in telecom
Ø ACC more than doubles profit in September quarter
Business Standard
Ø Sebi's new rules make mutual funds see red
Ø Axis Bank Q2 net jumps 36% to Rs 432 cr but bad loans rise
Ø Suzuki using Maruti's muscle to grow its two-wheeler business in India
Ø Jaitley launches MCX gold options, says move will help formalize trade
Ø Indian, foreign entities can act as trading members on IFSC exchanges: Sebi
Ø Items in 28% GST rate slab need to be pruned, says Hasmukh Adhia
Business Line
Ø Govt may stick to fiscal deficit target, says EAC’s Surjit Bhalla
Ø MCX launches India’s first commodity options in gold
Ø Facebook, Google should be treated as media firms: Sorrell
Ø Airbus buy gives new life to Bombardier’s CSeries jet programme
Ø NCLT puts Nagarjuna Oil’s jinxed TN refinery project on the block
Ø Gujarat to harvest bumper groundnut crop on favourable monsoon, says SEA
Mint
Ø Airtel plans to phase out 3G in two years, offer VoLTE nationwide
Ø Martin Sorrell says he remains bullish on India
Ø Flipkart may relaunch loyalty programme to take on Amazon Prime
Ø Kansai Nerolac: overhang of higher input costs remains in Q2
Ø Capital Small Finance Bank raises $4 million from Sidbi, others
Financial Express
Ø Crompton Greaves, V-Guard on a strong growth footing: ICICI Securities
Ø After Nicco defaults on Rs 300 cr loans, NCLT orders liquidation proceedings
Ø Startup Stayzilla suffers setback, NCLAT junks plea against insolvency order
Ø Modi government plans to spend Rs 2000 crore to improve weather forecasting
Ø India issues six more medical visas to Pakistanis
Financial Chronicle
Ø Samvat 2073: Over 25 midcap & small stocks rose 100 -1,000%
Ø More non-life insurers to take IPO route for capital needs
Ø BMW unveils 330i Gran Turismo M Sport in India
Ø Mittal gives $25m to Harvard University
Ø RIL-BP to invest $1.5b to develop satellite gas fields
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
17th Oct. 2017
Economic Times
Ø India's infra fund to get $1 bn boost from Abu Dhabi
Ø Nuclear war may break out any moment: North Korea
Ø Snapdeal's CFO Anup Vikal puts in his papers
Ø Airbus to take majority stake in Bombardier program
Ø Coming up: A Rs 1.2L cr security cover for India's poorest 20%
Ø NDMC finalizes tender for auction of Taj Mahal hotel
Ø J'Gig economy on the rise in India fuelled by startups'
Business Standard
Ø RBI governor Urjit Patel calls for better access to currency swap lines
Ø Four months into GST, transporters yet to see 30% reduction in travel time
Ø Indian investment banks topple foreign peers in IPO showdown
Ø Fund managers take value calls on pharma
Ø In Gandhinagar, PM Modi reaches out to traders hit by GST
Ø Government exempts IGST on gold imports
Business Line
Ø WPI inflation softens to 2.60% in Sept on lower food, vegetable prices
Ø US stocks hit record closing highs; earnings in focus
Ø Oil prices firm as Iraq tensions escalate; global shares extend rally
Ø Praveen Kenneth announces retirement from L&K Saatchi & Saatchi
Ø GTL Infrastructure to refinance ₹4,800-cr debt in three months
Ø Dewan Housing posts 26% increase in net profit
Mint
Ø Indian small caps most attractive in emerging market space: Shankar Sharma
Ø Air India privatization: Govt said to prefer an Indian buyer
Ø Abu Dhabi Investment Authority to invest in NIIF’s Master Fund
Ø North Korea warns that nuclear war could ‘break out any moment’
Ø Government reforms are music to our ears: KKR’s Sanjay Nayar
Financial Express
Ø Indian Railways Finance Corporation, 2 other rail PSUs IPOs to hit markets in Q4
Ø JSW Cement plans Rs 1,600-crore capex
Ø IRCTC gets big relief from Finance Ministry on losses from online ticket bookings
Ø After Amazon clocks $400 mn festive season sales, Flipkart $850 mn
Ø IMG hits out at Trai over spectrum pricing, seeks relief for telcos
Financial Chronicle
Ø India prefers domestic buyer for Air India
Ø Car sales skid this Diwali despite discounts, freebies
Ø Nalco plans JVs with Rusal, Almex to produce high grade aluminium
Ø India lures handset makers to set up production base
Ø Federal Bank net profit up 31% on better asset quality
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16th Oct. 2017
Economic Times
Ø Blockbuster in making? Flipkart in stake talks with BookMyShow
Ø Mobile app to make Aadhaar verification easier
Ø Jan Dhan accounts keep villagers sober: Study
Ø State power cos may import coal in supply crisis
Ø We're structuring for double-digit growth: TCS CEO
Ø Reliance Industries Q2 profit rises 12.5% YoY to Rs 8,109 crore; Jio loss at Rs 271 crore
Ø Jan Dhan accounts keep villagers sober, slow rural inflation: Study
Business Standard
Ø Sanjiv Goenka group looks at FMCG buys
Ø RBI report shows how banks loot customers
Ø JSPL on recovery path amid insolvency turmoil in sector
Ø Street will look for consistency in RJio's revenue growth
Ø Nath Bio-Genes on the cusp of big opportunities
Ø RIL exits Myanmar blocks, gives up last conventional oil & gas asset abroad
Business Line
Ø ATM additions slow down as banks focus on e-money
Ø Asian shares conquer new peaks, oil up on Iraq tensions
Ø Oil jumps on fears of new Iran sanctions, Iraq conflict
Ø Euro on defensive on political worries; tame inflation dents dollar
Ø RJio is set to overtake Vodafone as second-biggest player in urban India
Ø Good liquoring teas see higher prices at Kochi auctions
Mint
Ø Flipkart in talks to buy stake in BookMyShow
Ø Ajay Banga hails Aadhaar, says India can become global leader in digital payments
Ø GST: Distinction between AC, non-AC restaurants may go
Ø Banks rework funding strategies for MSMEs
Ø Apple may launch payments service in India soon, eyes local partnerships
Financial Express
Ø Vijay Mallya firms had financial dealings with company named in Panama Papers, says report
Ø Mumbai property prices: Reserve rates for land parcels being cut to lure buyers
Ø At least 26 fall ill due to suspected food poisoning on Tejas Express
Ø OakNorth Bank gets Rs 1,328 cr investment
Ø Big boost for Reliance Jio, Q2 numbers show less than expected loss of Rs 270 cr, beats rivals across parameters
Financial Chronicle
Ø FinMin, PMEAC may differ on economic revival route
Ø Economic slowdown bottomed out: Niti
Ø Airtel’s Tata Tele acquisition may have cost around Rs 4,000cr
Ø IndusInd deal values BFIL at 11% premium
Ø Aamby Valley auctioning: SC irked over Sahara's letter to cops
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
15th Oct. 2017
Economic Times
Ø Companies follow Patanjali's trail, bet big bucks on Ayurveda
Ø IMF not endorsing UBI in India: Official
Ø Why ban won’t stop bursting of crackers in Delhi
Ø Darjeeling’s tea gardens are reeling from trouble
Ø PC Jeweller turnover may cross Rs 10k cr this fiscal
Ø Taxman could be watching you on social media
Ø Tata Teleservices to sell its wireless mobile business to Bharti Airtel
Business Standard
Ø IndusInd Bank seals $2.4 billion deal to buy Bharat Financial Inclusion
Ø New KYC norms may leave wallets of digital money players lighter
Ø Weekend Special Planning a lavish party this Diwali? Taxman may be your invisible guest
Ø Madhya Pradesh's price deficit scheme's budget swells due to price fall
Ø Merger to give Airtel more subscribers, Tata Tele an easy exit: Analysts
Ø Sebi bans Swasata Steel Industries, 7 others from market
Business Line
Ø IndusInd Bank announces takeover of microfinance lender Bharat Financial
Ø Kotak Bank completes buyout of life insurance subsidiary
Ø Govt fixes Sovereign Gold Bond rate at Rs. 2987 per gram
Ø India rules out joining NPT as non-nuclear weapon state
Ø G-20 must formulate responses to global challenges: Jaitley
Ø GST relief for vehicles purchased, leased prior to July 1
Mint
Ø Arun Jaitley says urgent need to revise quota share in IMF
Ø Aadhaar will successfully pass the test of privacy: Nandan Nilekani
Ø Amazon is said to be making its own sportswear, jolting industry
Ø D-Mart parent Avenue Supermarts Q2 profit rises 65.2% to Rs191 crore
Ø NCLT approves withdrawal of RCom, Aircel merger deal
Financial Express
Ø Indian economy on very solid track, says IMF chief Christine Lagarde
Ø Over 4 downgrades a day keep Indian corporates, banks debt profile in fragile region
Ø Gold sales likely to revive during Diwali as KYC norms eased
Ø Largest MFI deal: IndusInd Bank to buy Bharat Financial Inclusion
Ø IMF hails upswing in global economic activity
Financial Chronicle
Ø HSBC names insider Flint for CEO as Tucker follows tradition
Ø FIIs to remain interested as India offers highest real rate of return
Ø Aston Martin unveils submarine worth $4 million
Ø Consolidation in telecom is complete with three biggies set to dominate
Ø Inflation, IIP numbers give govt sigh of relief
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
14th Oct. 2017
Economic Times
Ø Banks, foreign companies face tax dept's heat over GST credit
Ø Tesla fired hundreds of employees in past week
Ø Finance Ministry wants CPSEs to ready cashback offers
Ø China may not be able to sell & manufacture iPhones
Ø India & EU to look at ways to restart trade pact talks
Ø Gas price hike likely to hit fertiliser companies’ earnings
Ø Reliance Retail Q2 PBDIT jumps 68.2% to Rs 444 crore
Business Standard
Ø Cars, bikes and gadgets making waves this Diwali
Ø Trade deficit narrows to 7-month low of $8.98 bn in Sept; exports rise 26%
Ø Cube Highways eyes Jaypee's Yamuna Expressway Project
Ø Bharti-Tata Tele deal: Sunil Mittal's 14-yr-old prophesy looks real today
Ø Singh brothers' stake halves to 25.3% in Religare Enterprises
Ø Madhya Pradesh's price deficit scheme's budget swells due to price fall
Business Line
Ø RIL consolidated net up 12.5% in Q2
Ø Exports rise 25.67% in Sept; all major commodities record growth
Ø Aadhaar has helped govt save $9 b from being lost to fraud, wastage: Nilekani
Ø RCom, Aircel hang up on merger plans
Ø Seed firm Mahyco may stop some R&D work in India
Ø Dena Bank raises over ₹401 cr via QIP
Mint
Ø Govt proposes new guidelines on groundwater usage by industries
Ø TCS continues to struggle for growth
Ø Bollywood Diwali release lost its shine
Ø Indian economy has high growth potential for next two decades: Arun Jaitley
Ø Narendra Modi needs time to spark investment, says Kumar Mangalam Birla
Financial Express
Ø Black money crackdown: Narendra Modi government fight is showing results
Ø Diwali airfare sale 2017: From SpiceJet, Air India to Indigo, airlines offer big discounts
Ø On slow pace of GST returns filing, Hasmukh Adhia says Centre open to course correction
Ø Narendra Modi government to easily meet Rs 72,500 cr disinvestment target, but LIC, ONGC help is not kosher
Ø NGT offers relief on 10-year old diesel vehicle ban: Grants three-year extension with conditions
Financial Chronicle
Ø Niti Aayog working with states for agri market reforms
Ø Jaitley raises H-1B visa issue with US officials
Ø Scooter sales zoomed 41% in Bihar in 6 years: Honda
Ø Airtel to acquire struggling Tata Tele on ‘no-debt, no-cash’ basis
Ø Airtel up 8%,mcap surges Rs 12,613 cr on Tata mobile unit deal
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
13th Oct. 2017
Economic Times
Ø RBI's strict KYC norms to keep e-wallets safe
Ø Idea, Voda may offer 4G smartphones after Jio, Airtel
Ø Banks to set aside Rs 3.3L cr as NPA provisioning
Ø Tata Teleservices to sell wireless mobile biz to Bharti
Ø 4 metros to gain $7.2 bn/yr on digital payment boost
Ø SC asks banks not to sell pledged Fortis shares
Ø IndusInd Bank posts 25% YoY surge in Q2 profit.
Business Standard
Ø RBI proposes currency trading platform for retail customers
Ø IIP recovers to 4.3% in Aug, retail inflation steady at 3.28% in Sept
Ø Sebi may reduce time to file consent pleas
Ø Bitcoin trades above $5,000 for first time ever, up 7%
Ø Real estate might soon be under GST: Arun Jaitley
Ø US jobless claims fall to more than one-month low
Business Line
Ø 'India's per capita energy consumption to double in next 6-7 years'
Ø World Bank President lauds Modi’s reform agenda
Ø India, Mauritius back to negotiating free trade pact
Ø TCS net profit slips 2% to Rs. 6,446 cr in Q2
Ø Mutual funds log Rs. 2 lakh cr inflows in April-Sept FY’18
Ø Prakash Industries bags additional coal linkage for 5 years
Mint
Ø LIC makes Rs8,000 crore bid in GIC Re IPO
Ø Reliance Industries’s Q2 results to get a boost from refining business
Ø Kumar Mangalam Birla may tap markets amid telecom shakeout
Ø Govt relaxes guidelines for atomic mineral mining in coastal regions
Ø JNPT container traffic rises 6% in April-September period
Financial Express
Ø SoftBank hits 17-year high amid Japan rally, Sprint talks
Ø Paytm eyes 5-fold growth in gold sales in Dhanteras, Diwali
Ø Allianz, Shapoorji Pallonji partner to invest in office market
Ø FM Arun Jaitley says Indian economy undergoing challenges, not crisis
Ø China says EU, US trade moves lack awareness of WTO rules.
Financial Chronicle
Ø RBI sets rupee reference rate at 65.1003 against US dollar
Ø Government tempers daily price revision of petroleum products
Ø Slowdown is real but not sure of causes: PM’s panel
Ø Indian carriers eye flying slots of Qatar Airways at Dubai
Ø Corporates may report dip in profits for second quarter
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
12th Oct. 2017
Economic Times
Ø Insolvency board drafts rules for repayment plan
Ø Import of oil-drilling rigs kept out of GST purview
Ø Inequality increased in China, India, and US: IMF
Ø Modi's economy team admits to slowdown, releases 10-pt plan
Ø GIC Re’s mega IPO subscribed 80% on Day 1
Ø Direct tax collections jump 16% to Rs 3.86 lakh cr
Ø Ola raises $1.1 bn led by Tencent, eyes another $1 bn
Ø India receives first GE locomotive under $2.5 bn deal
Business Standard
Ø Oil & gas, infra firms to be hit by PE norms
Ø NCC, L&T and SP together get Rs 2,652 crore Amaravati housing project
Ø India may delay implementation of Basel III norms: SBI report
Ø Net profit of listed pvt firms contracted 21.2% in Q1: RBI
Ø Sun Pharmaceutical gets USFDA inspection report for Dadra facility
Ø L&T Hydrocarbon Engineering bags Rs 1,150 crore contract from ONGC
Business Line
Ø M&M to draft new China script for farm machinery
Ø Tata Steel acquires Rio Tinto smelter tech to cut cost, emission
Ø World Bank lowers India’s growth forecast
Ø UTI Mastershare declares 35% dividend
Ø IMF thumbs up to measures to clear up bad loans
Ø Godrej Appliances aims at robust 20% growth this fiscal
Ø IEX cancels Rs. 170 cr anchor allotments; IPO sails through
Mint
Ø ‘Many’ US Fed members favour December rate hike, minutes show
Ø Monsanto settles GM cotton dispute with 3 Indian seed companies
Ø L&T to sell subsidiary EWAC Alloys for Rs522 crore
Ø Lupin acquires US firm Symbiomix Therapeutics for $150 million
Ø Aditya Birla PE, Multiples PE sold IEX shares just ahead of IPO launch
Ø Re closes stronger against US dollar ahead of Fed minutes
Financial Express
Ø India Inx to launch trading in crude oil futures this month
Ø Wal-Mart's online surge adds $5 billion to Walton family fortune
Ø No complacency despite improving global financial stability: IMF
Ø Factory growth, inflation likely to trend higher, says report
Ø Pfizer reviewing alternatives for consumer healthcare business
Financial Chronicle
Ø Inflation seen at 6-month high of 3.6% in Sept
Ø HDFC to raise Rs 2,500cr via bonds
Ø Petrol pump dealers call off Friday's strike
Ø IGL launches pre-paid smart cards for CNG, cooking gas
Ø No respite for banks as bad loans hit record $146 billion
Ø Government tempers daily price revision of petroleum products
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
11th Oct. 2017
Economic Times
Ø 'India offers $300 billion investment chance in oil sector'
Ø No respite for banks as bad loans hit record $146 bn
Ø GIC Re to launch India’s 3rd biggest IPO on Wed
Ø Dassault plans business-jet manufacturing in India
Ø Private trusts can't declare interest lower than EPFO's
Ø SBI-led consortium orders audit of Punj Lloyd accounts
Ø 'Banks no longer vital; may get limited to transactions'
Business Standard
Ø JSW, Tata in race for top slot in steel industry
Ø Adani may buy RInfra's Mumbai power business
Ø IMF scales down India's growth forecast to 6.7% for FY18
Ø OMCs take firm stand against dealers strike on Oct 13
Ø Housing demand not likely to improve in 12-18 months: Crisil
Ø SBI creates new post: MD for bad loans
Ø Russia to ban exchanges selling crypto-currencies, calls them "dubious"
Business Line
Ø Infosys sets Nov 1 as record date for buyback offer
Ø Merger of MF schemes will bring down investor costs
Ø SEBI fixes penalty for non-compliance of shareholding norms
Ø Govt considering Apple’s proposal to set up unit in India
Ø Jaguar Land Rover India sales up 45% in first 9 months of 2017
Mint
Ø IT hiring to worsen in October-March period: Report
Ø Disqualification of directors hits 500 listed companies
Ø MAS Financial IPO subscribed 129 times on last day
Ø India, US lead in mutual fund disclosure practices: report
Ø RCom promoters pledge 2.41% shares with financial institution
Ø Maharashtra cuts VAT by Rs2 on petrol, Rs1 on diesel per liter; calls it ‘Diwali gift’
Financial Express
Ø Arun Jaitley in US: Government convinced public in favour of FDI in defence, says Finance Minister
Ø Mobile consolidation speeding up; to benefit top telcos: CLSA
Ø Piramal Pharma announces expansion of API manufacturing facilities
Ø Bank of Baroda to raise Rs 1,650 cr from bonds
Financial Chronicle
Ø RBI net dollar purchase in August at USD 3.226 bn
Ø PE/VC investments up 180% in Jul-Sep
Ø India has capacity to implement bold decisions: Jaitley
Ø China goods sale to drop 45% this Diwali
Ø Aramco keen to pick up equity in Maharashtra refinery
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
10th Oct. 2017
Economic Times
Ø End of petrol cars? India Inc takes 1st step to all-electric future
Ø How Premjis turned a firm selling Dalda into a Rs 55,417-crore behemoth called Wipro
Ø From today, Delhi to pay more for Metro rides
Ø PM Modi seeks simpler rules to raise direct tax share
Ø IT hiring pace to slow down shows survey
Ø India to plan domestic sale of pulses to prevent rotting
Ø M&M to hire 300 graduates from campuses
Business Standard
Ø Centre eyes Rs 12,000 crore through Bharat 22 ETF
Ø Financials rule IPO scene this year, fundraising crosses Rs 30,000 cr mark
Ø Small finance banks raising deposits to replace high-cost loans
Ø 27% jump in launch of affordable houses this year
Ø SC order on insurance claims a shot in the arm for policyholders
Ø Tatas to look at Air India once data comes: N Chandrasekaran
Business Line
Ø Centre to compensate units that lost excise-exempt status, post-GST
Ø PepsiCo India chief D Shivakumar quits
Ø GST relief for industrial units in Himalayan, N-E region
Ø Area-based excise breaks in NE, hill States will shrink under GST
Ø Sale of Chinese goods may drop 45% this Diwali, says Assocham
Ø Antwerp Port ‘ready’ to make India call, again
Mint
Ø L&T to supply 5 million smart electricity meters to EESL
Ø Saudi Aramco exploring investment options in India: CEO Amin Nasser
Ø Online groceries is the next battleground for e-commerce firms
Ø PepsiCo India CEO D Shivakumar resigns, to join Aditya Birla Group
Ø Tata Steel may bid for Essar Steel’s Hazira plant
Ø Tata Group is considering buying Air India: N. Chandrasekaran
Financial Express
Ø Black money crackdown: No relief for well-known names, says Centre
Ø GST returns: Huge chunk of taxpayers still to file, slow pace to be probed
Ø UN slaps global port ban on ships for North Korea sanctions violations
Ø GSTR-1 returns filing last day today: Centre says no to extension of deadline
Ø In a first-ever, India set to auction molybdenum mines
Financial Chronicle
Ø Expedite probe in coal allocation scam cases: SC
Ø Govt asks taxpayers to file final July GST returns by tomorrow
Ø Rupee edges up 2 paise on weak dollar; Fed minutes in focus
Ø China goods sale to drop 45% this Diwali
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
9th Oct. 2017
Economic Times
Ø Kotak panel's board shakeup may leave biggies like Ambani, Mittal in a quandary
Ø Half of SC judges yet to make their assets public
Ø Indian government restricts travel to Yemen
Ø Govt finally wakes up to data security problem
Ø Suzuki Motorcycle to focus on premium bikes in India
Ø GTL Infra bar RCap arm from bidding for tower assets
Ø India may face pressure to open up ecommerce
Business Standard
Ø Infosys under Nandan Nilekani: Focus is on business metrics
Ø Car recalls slow down to a six-year low at 70,000 units in 2017
Ø BSNL protest over Madhya Pradesh's smart cities tender
Ø Amazon files patent for deploying exclusive drones in India
Ø Strong prospects make GIC Re IPO attractive
Ø Relief for small taxpayers: GST composition scheme window open till Mar 31
Business Line
Ø Taxman tightens reporting norms for MNCs
Ø FinMin clarifies tax reporting norms under FATCA and CRS
Ø Railway Ministry set to overhaul privilege culture
Ø Opposition demands probe into Jay Amit Shah’s business dealings
Ø Idea Cellular records highest 4G upload speed in September
Ø GST: Refunds to exporters in two months, says Adhia
Mint
Ø RBI governor Urjit Patel: We’ve started seeing the upturn in economic growth
Ø Nabard buys 7% more in Sidbi from IDBI Bank for Rs900 crore
Ø GST Council to rank companies on tax payment track record
Ø Corporate governance reforms: Sebi may find it tough to Uday Kotak panel recommendations
Ø GST Council sets up panel to rework GST rate for restaurants
Ø Generic drug approvals in US hit record high in FY17
Financial Express
Ø ONGC stock rated Buy by Jefferies; key positive is price scenario
Ø Funding for internet, e-commerce companies; Environment in revival mode
Ø Demonetisation resulted in decline of terror activities: Arun Jaitley Berkeley address via video conferencing
Ø RBI to soon launch financial literacy drive in 9 states
Ø MobiKwik to invest Rs 80 cr on marketing, promotion in 6 months
Financial Chronicle
Ø Focus on natural pesticides as farmers die of insecticide use
Ø FIIs to remain interested as India offers highest real rate of return
Ø Premiums set to cost more after listing of insurers
Ø Procrastination costs Air India Rs 250 cr a year
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
7th Oct. 2017
Economic Times
Ø 6,000 cos under scanner for note ban withdrawals
Ø Three months on, GST now good for small traders
Ø Custodians may have to pay up for FPI tax liabilities
Ø Independent directors head for exit doors
Ø No PAN needed for jewelry purchase of over Rs 50K
Ø Tencent invests $400 million in Ola for 9.57% stake
Ø RIL to sell off US shale gas asset for $126 million
Business Standard
Ø Sebi's one-scheme-per-category to shake up mutual funds' industry
Ø Loan growth unfinished agenda: Outgoing SBI chief Bhattacharya
Ø Governance code impact: 40% of NSE-listed firms will have to split CMD post
Ø 50% growth in HyperCity possible: Rakesh Biyani
Ø Noose tightens around 5,800 shell firms
Ø Stewardship code to nudge institutional shareholders to turn active
Business Line
Ø Automakers must gear up for electric mobility: Munjal
Ø Godrej Agrovet initial public offer subscribed 95 times
Ø Nokia chairman goes back to school
Ø No Aadhaar for jewelry buy of ₹50,000 or more
Ø Aadhaar made mandatory for small saving schemes
Ø India, EU free trade pact talks remain deadlocked
Mint
Ø GST rates on 27 items cut, GST rules for SMEs and exporters eased
Ø Shell companies: 5,800 firms being probed for money laundering after demonetisation
Ø MCA, regulatory bodies express dissent on Uday Kotak panel proposals
Ø Future Retail seen combining HyperCity with Big Bazaar
Ø Zee Entertainment acquires 9X Media and INX Music for Rs160 crore
Ø Govt may cut its stakes in PSU banks to 52%, says Sanjeev Sanyal
Financial Express
Ø Amrapali homebuyers case: Supreme Court turns to Centre, RBI, asks for their response
Ø Seven years after paying $392 mn, Reliance Industries sells its shale assets in US at this low price
Ø Arundhati Bhattacharya, outgoing SBI chief: Among unfinished agendas is revival of credit growth
Ø Investing in Indian Energy Exchange; Motilal Oswal says subscribe long term
Ø JK Cement placed well strategically, says Motilal Oswal, tags company as Buy
Financial Chronicle
Ø Govt tries to make GST simpler
Ø Few GST operational issues still being ironed out: Nestle
Ø Sebi issues new rules to categorise similar MF schemes
Ø Google CEO sets ‘AI-First’ device blueprint to catch Apple
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
6th Oct. 2017
Economic Times
Ø Indian startups back on the radar of hedge funds
Ø M&M stumped by low Tata Motors bid for govt EVs
Ø Trump expected to decertify Iran nuclear deal soon
Ø Pepsico to take fizz out of its bottling operations
Ø Banks report more sexual harassment cases in FY17
Ø Crompton Greaves leads race to buy Kenstar
Ø M&M to invest up to Rs 4,000 cr to boost EV biz
Business Standard
Ø GST Council meets today: Relief for exporters, SMEs on the cards
Ø India Inc gets a governance push from Kotak panel
Ø Sebi panel for more curbs on royalty payouts, information sharing
Ø Credit growth revival top priority: Rajnish Kumar
Ø Kishore Biyani to buy HyperCity for Rs 911 crore
Ø 9-5 job is passe: New era of work prefers flexibility, balance at workplace
Business Line
Ø Mukesh tops India rich list, adds $15 billion to his pile
Ø For SBI, reviving credit growth will be top priority: Rajnish Kumar
Ø Mastercard to invest $750 m in India by 2020
Ø Kotak panel bats for ‘transparent’ boards
Ø Future Group acquires HyperCity in ₹655-cr deal
Ø GIC Re’s ₹11,372-crore IPO to open on October 11
Mint
Ø Tech Mahindra files insolvency petitions against Reliance Communications
Ø Future Retail gets HyperCity at a festive discount
Ø RBI survey finds consumer confidence at lowest point in last three years
Ø NGOs fast emerging as great employers
Ø Sebi panel led by Uday Kotak proposes corporate governance reforms
Ø IDFC Bank, Shriram Group extend merger deadline
Financial Express
Ø Double taxation happening under GST, says ICAI
Ø India is the next China; that is what Australia thinks
Ø Good news for country: ONGC finds the major clue in Kutch
Ø Doklam standoff: Around 1,000 China troops still present near faceoff area
Ø Forbes India Rich List 2017: Mukesh Ambani leads; a sneak peak into top 10
Financial Chronicle
Ø Kotak panel for splitting CMD post, raising minimum board strength to 6
Ø Govt mulling exemption sops sought by Apple
Ø Govt working on fiscal incentives to boost industry: Prabhu
Ø Audi India launches three new models, expands portfolio
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
5th Oct. 2017
Economic Times
Ø Centre to float bulk tenders for E-rickshaws
Ø EPFO may give part payout in MF-like units
Ø Trai asks govt to consider its ‘free data’ suggestion
Ø EU orders Amazon to pay €250 million in back taxes
Ø Fiscal slippages may worsen inflation, warns Patel
Ø Working in night shifts ups risk of obesity
Ø Switch to black tea for weight loss and good health
Business Standard
Ø Economy on right track: PM Modi
Ø Rajnish Kumar to be new SBI chairman
Ø Fiscal actions shouldn't undercut macroeconomic stability: RBI MPC
Ø Forex, G-sec buying to be made easier for retail clients
Ø Working capital costs set to rise due to GST issues
Ø Uber board to proceed with SoftBank deal
Business Line
Ø SEBI puts Barbeque Nation’s IPO on hold
Ø Farm loan waivers, stimulus could push up fiscal deficit by 100 bps: RBI
Ø Transporters announce 2-day strike from Monday, seek lower diesel prices
Ø MFs’ assets inch closer to ₹21 lakh crore
Ø ‘Low’ in Bay could spawn stormy weather
Ø Pricol in pact with Chinese company for fuel pumps
Mint
Ø The next rate cut is uncertain
Ø India’s wind power tariff falls to a record low of Rs2.64 per unit
Ø GIC Re IPO to launch on 11 October
Ø Rajnish Kumar new SBI chairman as Arundhati Bhattacharya retires
Ø Mahindra matches Tata Motors’s EV tender bid
Ø Reserve Bank of India says GST won’t raise inflation
Financial Express
Ø SpiceJet working towards amphibious aircraft operations
Ø It is Mahindra and Mahindra vs Tata Motors as electric vehicles space heats up
Ø RBI monetary policy: Repo rate stays unchanged, but home loans may still become cheaper
Ø World Bank raises Asia growth forecast, warns of North Korea risk
Ø Private banks share in advances to hit 38-40% by FY20: ICRA
Financial Chronicle
Ø PM promises steps to reverse GDP slowdown; lashes at critics
Ø New foreign portfolio investment norms from April: RBI
Ø Food minister confirms subsidised pulses sale as Diwali bonanza
Ø Dal at Rs 50 a kg as Diwali gift on the cards
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
4th Oct. 2017
Economic Times
Ø Docomo case: Tatas make provision of Rs 684 cr
Ø Rajnish Kumar frontrunner to be the next SBI chairman
Ø All 3 billion accounts hacked in 2013 data theft: Yahoo
Ø Amazon launches another sale, offers 80% discounts
Ø Ford to invest in trucks, electric cars: CEO
Ø Airtel to shift investment focus to 4G, fiber network
Ø Flipkart will pay $85.2 per unit for employee stocks
Business Standard
Ø Excise duty on petrol, diesel cut by Rs 2/L; Govt may suffer Rs 26k-cr loss
Ø PE firms make record exits of $9.4 billion in 2017
Ø Vijay Mallya held in UK in money laundering case, gets bail
Ø Govt plans new schemes to add shine to gold savings
Ø Indebted Tata Teleservices, RCom stagger on different paths
Ø 77% Indians don't save for retirement, most depend on children for support
Business Line
Ø Core sector growth surges by 4.9% in August
Ø Govt, industry to brainstorm on measures to boost exports
Ø Late rain spells trouble for Kharif crop, bounty for rabi
Ø Kotak committee to moot stronger role for independent directors
Ø Amit Shah slams CPI(M), ‘jihadis’ in Kerala
Ø Loyal Textile Mills CMD Manikam Ramaswami dead
Mint
Ø Printing of new Rs 100 notes to begin in April
Ø RCom, without Aircel’s fig leaf, is not a pretty sight
Ø Godrej Agrovet IPO opens today, raises Rs341.2 crore from anchor investors
Ø Reliance Jio, GST, and IUC sink telecom margins
Ø Excise duty cut on petrol, diesel by Rs2/litre to counter inflation
Ø Dow Jones, S&P 500, Nasdaq end at record highs; auto, airline shares jump
Financial Express
Ø Stocks of IOC, BPCL, HPCL, Hero MotoCorp, Bharti Airtel, Coal India will be in focus today
Ø India gets increasingly monsoon-proof in farm output, but some areas still vulnerable
Ø Tata Sons vs Cyrus Mistry: Former chief wants case moved out of Mumbai
Ø India committed to broaden Afghan developmental efforts, says James Mattis
Ø US judge says he will delay Uber-Waymo trade secrets trial
Financial Chronicle
Ø CVD prompts cartelisation in steel industry, pushes up prices
Ø GST continues to drag down exporters reeling under cash crunch
Ø Infra grows 4.9%, but no reason to rejoice
Ø TCS defends US visa use in anti-white worker bias case
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
3rd Oct. 2017
Economic Times
Ø Government readies strategic stake sales in 5 cos
Ø Fitch lowers India's growth forecast to 6.9%
Ø Idea-Voda merger likely to be completed by March
Ø New GST tax rates can be 4%, 16% and 24%
Ø First-ever shipment of US crude oil to India arrives
Ø Mutual Funds have multiple tax advantages over FDs
Ø Individual insolvency norms a priority: IBBI Chairman
Business Standard
Ø GST composition scheme takes a quantum leap
Ø RCom open to selling 100% of tower unit to Brookfield
Ø Adani's $3.5bn debt-funded 'investment' in Australia at risk: Report
Ø Thyssen-Tata merger puts Port Talbot plant at risk amid dismal earnings
Ø IPOs raise record Rs 27,000 cr in April-Sept this year
Ø Oil falls below $56; Brent posts biggest third-quarter increase since 2004
Business Line
Ø ‘Defence, aerospace PSUs rapidly turning into super integrators’
Ø Tata Motors to roll out Tigor electric version from Sanand plant
Ø TRAI's views on net neutrality likely by Oct-end
Ø SEBI defers norms on loan default disclosure
Ø GST, imports dampen paper manufacturing
Ø Greenko bids for Reliance Infra Mumbai power biz
Mint
Ø Credit growth picks up during the first two months of GST
Ø Ola said to raise $2 billion from SoftBank, Tencent
Ø Sebi may issue new version of loan default disclosure circular
Ø Blackstone in talks to buy majority stake in Comstar
Ø GIC seeks CCI nod for Rs9,000 crore deal with DLF
Ø Oil regulator denies commerciality review of ONGC’s deepest gas find in KG Basin
Financial Express
Ø GDP to hit $6 tn by 2027 on digital leap: Morgan Stanley
Ø Confidence among Japan’s manufacturers touches a decade high
Ø Income inequality to rise further, jobs remain a chimera, says study
Ø AIIB, ADB approves $100 million loan for India’s power sector
Ø Aston Martin unveils submarine worth $4 million
Financial Chronicle
Ø Panel to examine DoT's bid to raise NFS budget by Rs 11k cr
Ø HAL files IPO papers with Sebi
Ø FPIs take Rs 11,000 cr off equities in Sept
Ø Silver jewellery exports plunge 75% in August
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
2nd Oct. 2017
Economic Times
Ø Larry Ellison declares war against 'human intervention'
Ø Mutual funds have multiple tax advantages over bank fixed deposits
Ø Apollo back in race to acquire S-Korea’s Kumho Tire
Ø Need to push jobs, address rupee issue: Niti VC
Ø Railways to spend Rs 15,000 crore on safety next year
Ø Monsoon ends season with 5% lower rainfall than avg
Business Standard
Ø RCom's lifeline deal with Aircel called off
Ø Skymet counters IMD on monsoon accuracy
Ø Power transmission projects hit by delays, red tape
Ø Monsoon distribution fairly satisfactory: IMD DG K J Ramesh
Ø Direct tax collection falls in August
Ø Credit to services shrinks 9.1% in April-August
Business Line
Ø RCom, Aircel hang up on merger plans
Ø L&T Infotech bags ‘advanced analytics’ project to catch tax evaders
Ø HFCL group firm eyes Rs. 20 cr biz from school security solution
Ø Govt reallocates 92,000 tonnes raw sugar import quota to southern mills
Ø Insurers providing cover for heart diseases in a big way
Mint
Ø GST: Commerce ministry to write to finance ministry over trademark rule
Ø Sebi may issue new version of loan default disclosure circular
Ø RBI may not cut repo rate now, action likely in December
Ø Daily price change, higher margins to boost profitability of oil firms
Financial Express
Ø Festive season cheer for automakers
Ø Private banks share in advances to hit 38-40% by FY20: ICRA
Ø RBI adds HDFC among banks too big to fail with SBI, ICICI
Ø NPA resolution: Bank unions sceptical of bankruptcy process
Financial Chronicle
Ø Economic woes hit market, but investors still hopeful
Ø HC gives exemption to export companies from paying IGST
Ø FM hints at fewer GST slabs, relief for small taxpayers
Ø Realty sector to have over 17 mn workforce by 2025: Report
Ø US court trims fine on TCS to $420m in Epic Systems suit
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
1st Oct. 2017
Economic Times
Ø 'Not banning petrol/diesel cars but encouraging EVs'
Ø Saudi Arabia back in recession as oil struggles in Q2
Ø School librarian rejects Melania Trump's book donation
Ø Withhold Delhi Metro fare hike: Kejriwal to Centre
Ø Hafiz Saeed slaps Rs 10 cr notice on Pak minister
Ø India, China need to work on 'consensus' reached at BRICS meet to boost ties: Envoy
Business Standard
Ø Ireda raises $300 million Green Masala Bonds on LSE
Ø Elon Musk's new vision: Anywhere on Earth in under one hour
Ø Godrej Properties boosts its product pipeline
Ø It is too early to go down the path of fiscal stimulus: Piyush Goyal
Ø TN govt slaps 10% tax beyond GST on new Tamil movies, 20% on non-Tamil ones
Ø Iran may abandon nuclear agreement if U.S. withdraws from deal
Business Line
Ø L&T Infotech board approves stake transfer in South African arm
Ø ICCL gets renewal of recognition by SEBI
Ø Tata cars strikes a chord with GenNext
Ø Banwarilal Purohit appointed Tamil Nadu Governor
Ø Reducing food waste top priority for India: Badal
Mint
Ø Loan defaults: Companies get a breather from Sebi
Ø IMD says monsoon rainfall below average and less than forecast as season ends
Ø Oil ministry raises price of natural gas by 17%
Ø DLF gets shareholders’ nod to sale promoters’ stake in rental arm for Rs12,000 crore
Financial Express
Ø Hike necessary to meet input costs, remain world class, says DMRC
Ø Piyush Goyal tightens reins on Railways, gives top priority to safety
Ø Tata to deliver 10,000 Tigor Electric Vehicles to EESL: First 500 by this November
Ø Private banks share in advances to hit 38-40% by FY20: ICRA
Financial Chronicle
Ø Apple seeks to resolve pesky call app issue with Trai
Ø Airlines worldwide suffer delays after booking system fails
Ø Diamond jewellery purchase declines in H1 on DeMo, strike
Ø Nestlé Makes Billions Bottling Water It Pays Nearly Nothing For
Ø India set for record tea output, exports
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
30th Sep. 2017
Economic Times
Ø Tata Motors bags order for 10,000 e-cars from Centre
Ø Era of economic surrender ends, rebirth begins: Trump
Ø Indian car buyers are increasingly moving online
Ø Jio announces buyback option on latest iPhones
Ø Roadmap of new telecom policy laid
Ø India to receive its first shipment of crude from US
Business Standard
Ø Stimulus roadblock: Fiscal deficit at 96% of full-year target
Ø Elon Musk's new vision: Anywhere on Earth in under one hour
Ø PE firms invest $17.6 bn in Indian companies over first 9 months of 2017
Ø Sebi chief takes stock of Gift City progress
Ø Energy firm ACME applies to Sebi for Rs 2,200-cr IPO
Ø GAIL India gains 8% as PNGRB proposes unified tariff
Business Line
Ø Govt reallocates 92,000 tonnes raw sugar import quota to southern mills
Ø Telcos’ revenue from services drops 25% to Rs. 39,777 cr
Ø Sensex ends flat; realty, metal stocks major gainers
Ø Banks assess loan exposure as Qatar crisis deepens
Ø SBI to raise Rs. 99 cr from share buyback by dealership arm
Mint
Ø India’s pharma exports are missing the EM spark
Ø SpiceJet to buy 50 Bombardier Q400 aircraft for $ 1.7 billion
Ø Coal India looking to buy metal mines abroad
Ø SBI Life Insurance to make stock market debut on Tuesday
Financial Express
Ø China's Shanghai Auto arm MG Motor opens plant in Gujarat's Halol, set to invest Rs 2000 cr
Ø Hindustan Unilever gets rated Buy by Motilal Oswal even though valuations not cheap
Ø US Stocks Hit Record, Bonds Fall on US Fed Chair: Markets Wrap
Ø Government extends deadline to clear unsold pre-GST goods
Financial Chronicle
Ø Ruchi to sell cooking oils under Patanjali brand
Ø Maruti brings ECSTAR brand to India
Ø RIL outbids GAIL to buy all its own CBM gas
Ø Telcos get 6 more years to repay spectrum loans
Ø RBI chief calls on Jaitley before policy review
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
29th Sep. 2017
Economic Times
Ø Govt plans to borrow Rs 2 lakh crore in H2, FY18
Ø Buffett sets eyes on this world-beating mkt in India
Ø Airtel, Idea move HC for stay on Trai's IUC decision
Ø PSEs may up capex spending by Rs 25,000 crore
Ø Govt crackdown on board directors puts cos in a bind
Ø Govt relief for telcos awaits clarifications from IMG
Business Standard
Ø Govt asks PSUs to step up capex, dividends
Ø Rising NPAs in power sector add to banks' stress
Ø Sun Pharmaceutical, Dr. Reddy's lineup new drugs amid price war
Ø L&T may sell some power, road projects: A M Naik
Ø Govt wants early warning system on shell companies
Ø RBI increases foreign investor limits in G-secs
Business Line
Ø IOB sells Essar Steel bad debt to Edelweiss ARC
Ø Nissan enters used-car business with Nissan Intelligent Choice
Ø Ruchi Soya to exclusively sell, distribute Patanjali edible oils
Ø Industry bodies meet Jaitley to sort out GST glitches
Ø Plan to build loco factory with GE on track: Minister
Mint
Ø Telecom firms may get interim sops now, full relief package later
Ø Indian economy looming as Achilles’ heel of Modi govt
Ø E-commerce may be the winner amid GDP growth gloom
Ø Greenko in talks with bankers for Rs3,000 crore bond offering
Financial Express
Ø Arun Jaitley vows crackdown against black money in bank accounts
Ø GST revenue likely to surge in coming months says Arun Jaitley
Ø Merchant exporters send SOS to Finance Ministry, seek timely refunds
Ø I-T dept fastens belt to add 1.25 cr new tax filers this fiscal
Financial Chronicle
Ø RIL outbids GAIL to buy all its own CBM gas
Ø Mandatory for stockbrokers to keep record of client orders from January
Ø ONGC to delist MRPL before merging HPCL
Ø Stocks stage relief rally after rupee rebound
Ø US economic growth revised up to 3.1 percent rate in Q2
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
28th Sep. 2017
Economic Times
Ø Looking forward to work with Jio in future: Airtel
Ø 'Policy flip-flops risk harming Make in India drive'
Ø Ramdev aims to break stronghold of foreign garments
Ø ONGC may sell stake in other PSUs to fund HPCL buy
Ø Rupee tanks to 6.5-month low on panic dollar buying
Ø Dalal street bleeds as Rs 6L cr vanishes in 7 days
Business Standard
Ø Sebi mulls 'preventive' action to curb frauds
Ø RBI may opt for status quo in next policy: SBI report
Ø India may become a $6 trn economy in next 10 years: MS
Ø NBFC delinquencies to swell from current levels: Icra
Ø Gold hits month low as Fed rate hike hint drives dollar
Ø Indian pharma lags behind digital adoption, says EY study
Business Line
Ø Draft papers filed for Bharat-22 ETF
Ø Need better policies to fulfil Digital India vision: Telcos
Ø 4G will surpass 2G in a year, says Mukesh Ambani
Ø L&T Construction bags orders worth Rs. 2,170 cr
Ø India is world’s 40th most competitive economy: WEF
Ø No free power under Saubhagya, only free connection: Ministry
Mint
Ø Govt, RBI to decide on borrowing calender for second half on Thursday
Ø Baba Ramdev: Patanjali needs to borrow Rs5,000 crore to support expansion
Ø Prince Pipes, Newgen Software Technologies file IPO papers with Sebi
Ø Airtel to invest Rs20,000 crore this year in digital infrastructure: Sunil Mittal
Ø Monsoon starts withdrawing from northwest, says IMD
Financial Express
Ø July GST payment: Just Rs 12,000 cr transitional credit admitted
Ø India will have 50,000 km highways network in 2 yrs: Govt
Ø Govt to set up advisory board to fix national minimum wages
Ø Banks, PE firms cut real estate exposure; NBFCs stay bullish
Ø IOC evaluated OIL & GAIL for merger, but no decision yet, says Sanjiv Singh
Financial Chronicle
Ø Growth story and politics will draw foreign capital
Ø Rupee hit, experts await govt action on economy
Ø Air India ties up with PNB, IndusInd for Rs 3,250cr loan
Ø Market slides for 7th day, Sensex closes at 3-month low
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
27th Sep. 2017
Economic Times
Ø GST mop up for August dips to Rs 90,669 crore
Ø IDFC and Shriram to redraw new merger formula
Ø 'Indian telecom undergoing tech disruption phase'
Ø NCLT to hear Ericsson-RCom insolvency plea on Oct 6
Ø Facebook to localise user data or be blocked: Russia
Ø NeSL to be the first IU under the new recovery law
Business Standard
Ø Reliance Infra to raise stake in Reliance Naval
Ø Sebi stiffens rule on unauthorised trades
Ø Govt considers fund to help exporters under GST regime
Ø TN to procure 1500 MW of solar power at Rs 3.47 per unit
Ø ICICI Lombard to make market debut today
Ø Sebi to allow mutual funds, PMS to participate in commodity futures market
Ø ArcelorMittal's focus on other assets may hit $1-bn JV with SAIL
Business Line
Ø SEBI allows guarseed options on NCDEX
Ø Parliamentarians, experts for early passage of Motor Bill
Ø UP sugar mills demand status quo on cane prices
Ø JM Baxi Group opens India’s first ICD-based cold store in Haryana
Ø Godrej Agrovet eyes raising ₹1,160 cr via IPO
Ø ‘RCom has backup plans in place for the delayed Sistema merger’
Mint
Ø GE warns India about risks to altering $2.5 billion diesel locomotives deal
Ø Dabur ties up with Amazon to boost global sales
Ø Shell companies: Disqualified directors under banks’ scrutiny
Ø Lloyds Bank to transfer 1,000 staff to TCS subsidiary
Ø Hong Kong, Malaysia looking better as India slows: ADB
Ø Technology billionaires lose $16 billion as sector stocks sink
Financial Express
Ø Rupee closes at 65.45; weakest in 6 months
Ø India raises market access, barriers issue with Indonesia
Ø Airtel deploys 5G capable tech; promises faster data speeds
Ø Anil Ambani says telecom sector in ICCU, warns of monopoly
Ø Letters from a whistle-blower to SEBI on NSE rot
Financial Chronicle
Ø Rupee closes at 65.45; weakest in 6 months
Ø India raises market access, barriers issue with Indonesia
Ø Airtel deploys 5G capable tech; promises faster data speeds
Ø Anil Ambani says telecom sector in ICCU, warns of monopoly
Ø Letters from a whistle-blower to SEBI on NSE rot
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
26th Sep. 2017
Economic Times
Ø NSE execs opt for consent mode to settle case
Ø RBI caps bank investments in Pvt equity funds at 10%
Ø Over 74,600 companies set up in first 8 months of 2017
Ø Sebi chief named among world's top 10 regulators
Ø Kharif foodgrain output to fall 2.78 percent
Ø MFIs improve their collection efficiency: Icra
Business Standard
Ø Mankind Pharma looking to sell 15% stake
Ø Share of exports in GDP at 14-year low of 19.4%
Ø India to upgrade its existing free trade pact with South Korea
Ø Govt may turn down FRBM panel's proposal on fiscal council
Ø Rupee weakens to 6-month low of 65.10 on heavy dollar buying
Ø Deloitte hit by cyber attack, says 'very few' clients affected
Ø Tata Capital sells travel, forex units to Thomas Cook
Business Line
Ø PM launches ‘Saubhagya’ scheme to provide power to all
Ø ABB acquires GE Industrial Solutions for $2.6 bn
Ø Telcos want TRAI to defer new call drop rule by six months
Ø Done with UB Group, MCF gears up to take on fertiliser rivals
Mint
Ø YES Bank set to achieve low-cost deposit target of 40% this fiscal
Ø Bhel gets shareholder nod for bonus share issue, 79% dividend
Ø SBI lowers minimum balance requirement to Rs3,000, cuts penalties
Ø Indian Oil, HPCL, BPCL eyeing electric vehicles, renewables business
Ø US stocks sink as North Korea escalates war talk
Ø Godrej Agrovet looking at $1.27 billion valuation in IPO
Financial Express
Ø Sensex settles 300 points down after falling 450 points in intraday to 1-month low
Ø Scope for further rate cut by RBI: Finance Ministry
Ø Tax raids on Cafe Coffee Day find Rs 650 crore concealed income
Ø Economy on track despite unsupportive global factors, says FM Arun Jaitley
Ø Siemens, Alstom set to merge rail business
Financial Chronicle
Ø Tata Motors boosts cash hoard by 87% to expand
Ø Sebi gives more time to brokers for data on clients’ funds
Ø PM constitutes Economic Advisory Council
Ø Trai firm on IUC rollout on October
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
25th Sep. 2017
Economic Times
Ø Amazon India calls up Ashok Patni group for JV
Ø Trump slaps travel ban on North Korea, Venezuela
Ø Sistema forms JV to bring Russian kids' brand to India
Ø Vodafone moves SC; seeks access to IUC cost model
Ø Eruch N Kapadia to be the next CFO at Tata Sons
Ø Essar to Set Up 4 Small & Medium LNG Terminals
Business Standard
Ø I-T self-assessment filings under lens
Ø Air India disinvestment hits air pocket owing to lack of bidders
Ø Rupee to depreciate but not in a hurry: BS poll
Ø Make in India: Govt now wants manufacture of telecom equipment
Ø Fiscal roadmap, dollar to dictate market direction
Ø Additional funds may go to housing, MNREGA to generate jobs, spur growth
Ø Prime subscriptions grow four times during Amazon's festive sale
Business Line
Ø GST assessee behavior a matter of concern: FinMin
Ø I don’t see any competition, says Flipkart CEO
Ø P2P lending: Direct selling agents may come under RBI regulatory ambit as NBFCs
Ø Niti Aayog to prepare roadmap for making lightweight body armors
Ø Ford plans to tap avenues for smart mobility services in India
Mint
Ø Easing price of titanium dioxide a near-term relief for paint companies
Ø Indian Hotels: Improving financials but yet to satisfy investors
Ø Narendra Modi needs to press the gas pedal on reforms
Ø Bank of India to raise Rs500 crore through QIP in the third quarter
Ø Synup raises $6 million from Vertex Ventures to fund expansion plans
Ø Kerala plans to make public school classrooms high-tech by April
Financial Express
Ø Bhushan Steel snubbed by bankers, all fresh loans stopped; firm saddled by Rs 44,500 cr debt
Ø Irdai working with government to create a simple platform for KYC
Ø Life insurers' new business premium up 28% in January
Ø Private banks share in advances to hit 38-40% by FY20: ICRA
Financial Chronicle
Ø Govt favours bank recapitalisation
Ø Oil sector mergers may be advanced to boost economy
Ø Telcos owe Rs 3.08L cr in spectrum dues
Ø Bandhan Bank to have IPO next year
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
24th Sep. 2017
Economic Times
Ø US bombers fly off east coast of N Korea: Pentagon
Ø Amazon's arm to buy 5% stake in Shoppers Stop
Ø Now you don't need to file separate EPF transfer form
Ø Note ban a courageous decision: Sushma Swaraj at UN
Ø 3.5-magnitude quake rattles N Korea near nuke site
Ø India made IITs, Pak terror factories: Sushma at UN
Business Standard
Ø Amazon picks up 5% in Shoppers Stop to step up offline play in India
Ø Chief Economic Advisor Arvind Subramanian gets a year's extension
Ø PM Modi promises homes for all in 5 years
Ø No plans to launch electric vehicles in India: Toyota Kirloskar Motor
Ø Another powerful aftershock jolts Mexico with 6.1 magnitude
Ø Darjeeling tea signs bonus pact; owners asked to shell out Rs 60 cr
Ø Firm prices in Q2 to benefit pan-India cement makers
Business Line
Ø Lemon Tree Hotels files draft papers for public issue
Ø Telecom sector under stress: SBI chief
Ø Arvind Subramanian to get one-year extension as CEA
Ø GST assessee behavior a matter of concern: FinMin
Ø Concerns over GST refunds, Korea tensions spook markets
Mint
Ø China experts say 3.4-magnitude quake hits North Korea in ‘suspected explosion’
Ø Reliance Jio to deliver 6 million JioPhones in 15 days starting Sunday
Ø Diesel, petrol prices will fall soon: Dharmendra Pradhan
Ø Govt to unveil bank consolidation plan soon: Arun Jaitley
Ø RBI eases foreign investment regulations for corporate debt
Ø SBI merger will start showing results in 3-4 quarters: Arundhati Bhattacharya
Financial Express
Ø MakeMyTrip leads online travel market
Ø London noxious substance attack injures at least five
Ø UN Secretary-General Antonio Guterres lauds India's contribution to United Nations
Ø Fresh merger structure to IRDA by Max Life-HDFC Life
Financial Chronicle
Ø Sebi revokes ban on 114 entities as no tax evasion detected
Ø Trai may move court for smooth IUC rollout
Ø Uber stripped of London licence, plans to appeal
Ø Apple concedes new watch has connectivity glitch
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
23rd Sep. 2017
Economic Times
Ø Soon Rs 1 crore reward for benami property informants
Ø China imposes limit on oil supply to North Korea
Ø GSTN ropes in 39 more companies as Suvidha providers
Ø World looking to learn from India’s digital leap
Ø Scheme to speed up Rs 600 crore tax refunds on cards
Ø Amazon claims 14x value growth on first day of sale
Business Standard
Ø Markets see worst plunge in 10 months
Ø Steel imports surge 16% in FY18
Ø With tax claims and CBI case, NDTV may not be a SpiceJet for Ajay Singh
Ø National High-Speed Rail on bullet mode
Ø IMG looking at giving further relief to telcos: Aruna Sundararajan
Ø Oberoi Realty to buy GSK Pharma's Thane plot for Rs 555 crore
Ø SBI Life IPO sails through on institutional demand
Business Line
Ø Concerns over GST refunds, Korea tensions spook markets
Ø BSE crashes 447 points, NSE by 1.56%
Ø North Korea risk dents stocks; all eyes on Brexit speech
Ø Finance Ministry to ensure timely refund of GST dues to exporters
Ø SBI launches Indian bond index series in London
Mint
Ø CCI order in Reliance Jio case set aside by Bombay high court
Ø Aditya Birla Group to wind up e-commerce venture Abof.com
Ø British PM Theresa May proposes two-year transition period after Brexit
Ø SBI Life IPO subscribed 3.57 times on last day
Ø Amazon smartphone sales up 150% over last year in Day 1 of Great Indian Festival
Ø NTPC gets shareholders’ nod to raise Rs15,000 crore via bonds
Financial Express
Ø Moody's downgrades UK's rating on Brexit and growth fears
Ø US, EU sign deal to streamline insurance regulation
Ø KPMG International to launch independent probe into South African work
Ø Note ban was a shake-up, achieved its main objectives, says FM Arun Jaitley
Financial Chronicle
Ø NDTV stock jumps 5% on takeover buzz
Ø Jaitley assures 'appropriate action' to revive economy
Ø Jio seeks cancellation of North-East tender award to Airtel
Ø Tata Sons now set to become private entity
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
22nd Sep. 2017
Economic Times
Ø S&P downgrades China rating for the first time in 18 years
Ø Tatas win another round of battle against Cyrus Mistry
Ø India considering $7.7bn stimulus spending in 2017/18: Reports
Ø Rupee crashes 54 paise to 2.5-month low vs dollar
Ø TDSAT asks DoT to clear RCom-SSTL merger
Ø Oil PSUs mulling to acquire a stake in the oil field in UAE
Business Standard
Ø Sebi allows bourses to conduct forensic audit
Ø Sebi allows unified license for stock and commodity broking
Ø RIL plans to expand Jamnagar capacity by 40% to 100 mt
Ø Indian economy to grow 6.7% in 2017-18, says OECD
Ø Appropriate action to tackle economic slowdown soon: FM
Ø Tata Motors lines up three passenger vehicles in design stage
Ø NDTV sells the stake in auto e-commerce subsidiary
Business Line
Ø World trade likely to grow at 3.6% in 2017
Ø Tata Sons gets private company status
Ø $15-b investments in smart cities
Ø NPPA allows Abbott to withdraw stents immediately
Ø Usha Martin plans to sell profitable unit to reduce Rs.3,718 cr debt
Mint
Ø MEP Infra bags 5-year contract for toll collection
Ø RBI to regulate peer-to-peer lending firms
Ø SBI Life IPO subscribed 58% on Day 2
Ø Google buys HTC engineers for $1.1 billion to aid hardware push
Ø Mahindra acquires tractor company in Turkey for Rs800 crore
Ø Ravi Uppal to step down as MD, group CEO of JSPL
Financial Express
Ø Part of forex reserves can be used to support GDP numbers: Deutsche Bank report
Ø Government extends low-cost home subsidy to units built on private land
Ø Bayer sees delays, expects to close $66 billion Monsanto deal by early 2018
Ø Foodgrain output may drop 2.5 percent in Kharif season this year
Financial Chronicle
Ø Reliance Jio seeks cancellation of North-East tender award to Airtel
Ø Govt may allow rupee to fall for boosting exports
Ø Hurricanes in the US may help cotton growers in India
Ø GoM discusses AI divestment, sans results
26th Sep. 2017
Economic Times
Ø NSE execs opt for consent mode to settle case
Ø RBI caps bank investments in Pvt equity funds at 10%
Ø Over 74,600 companies set up in first 8 months of 2017
Ø Sebi chief named among world's top 10 regulators
Ø Kharif foodgrain output to fall 2.78 percent
Ø MFIs improve their collection efficiency: Icra
Business Standard
Ø Mankind Pharma looking to sell 15% stake
Ø Share of exports in GDP at 14-year low of 19.4%
Ø India to upgrade its existing free trade pact with South Korea
Ø Govt may turn down FRBM panel's proposal on fiscal council
Ø Rupee weakens to 6-month low of 65.10 on heavy dollar buying
Ø Deloitte hit by cyber attack, says 'very few' clients affected
Ø Tata Capital sells travel, forex units to Thomas Cook
Business Line
Ø PM launches ‘Saubhagya’ scheme to provide power to all
Ø ABB acquires GE Industrial Solutions for $2.6 bn
Ø Telcos want TRAI to defer new call drop rule by six months
Ø Done with UB Group, MCF gears up to take on fertiliser rivals
Mint
Ø YES Bank set to achieve low-cost deposit target of 40% this fiscal
Ø Bhel gets shareholder nod for bonus share issue, 79% dividend
Ø SBI lowers minimum balance requirement to Rs3,000, cuts penalties
Ø Indian Oil, HPCL, BPCL eyeing electric vehicles, renewables business
Ø US stocks sink as North Korea escalates war talk
Ø Godrej Agrovet looking at $1.27 billion valuation in IPO
Financial Express
Ø Sensex settles 300 points down after falling 450 points in intraday to 1-month low
Ø Scope for further rate cut by RBI: Finance Ministry
Ø Tax raids on Cafe Coffee Day find Rs 650 crore concealed income
Ø Economy on track despite unsupportive global factors, says FM Arun Jaitley
Ø Siemens, Alstom set to merge rail business
Financial Chronicle
Ø Tata Motors boosts cash hoard by 87% to expand
Ø Sebi gives more time to brokers for data on clients’ funds
Ø PM constitutes Economic Advisory Council
Ø Trai firm on IUC rollout on October
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
25th Sep. 2017
Economic Times
Ø Amazon India calls up Ashok Patni group for JV
Ø Trump slaps travel ban on North Korea, Venezuela
Ø Sistema forms JV to bring Russian kids' brand to India
Ø Vodafone moves SC; seeks access to IUC cost model
Ø Eruch N Kapadia to be the next CFO at Tata Sons
Ø Essar to Set Up 4 Small & Medium LNG Terminals
Business Standard
Ø I-T self-assessment filings under lens
Ø Air India disinvestment hits air pocket owing to lack of bidders
Ø Rupee to depreciate but not in a hurry: BS poll
Ø Make in India: Govt now wants manufacture of telecom equipment
Ø Fiscal roadmap, dollar to dictate market direction
Ø Additional funds may go to housing, MNREGA to generate jobs, spur growth
Ø Prime subscriptions grow four times during Amazon's festive sale
Business Line
Ø GST assessee behavior a matter of concern: FinMin
Ø I don’t see any competition, says Flipkart CEO
Ø P2P lending: Direct selling agents may come under RBI regulatory ambit as NBFCs
Ø Niti Aayog to prepare roadmap for making lightweight body armors
Ø Ford plans to tap avenues for smart mobility services in India
Mint
Ø Easing price of titanium dioxide a near-term relief for paint companies
Ø Indian Hotels: Improving financials but yet to satisfy investors
Ø Narendra Modi needs to press the gas pedal on reforms
Ø Bank of India to raise Rs500 crore through QIP in the third quarter
Ø Synup raises $6 million from Vertex Ventures to fund expansion plans
Ø Kerala plans to make public school classrooms high-tech by April
Financial Express
Ø Bhushan Steel snubbed by bankers, all fresh loans stopped; firm saddled by Rs 44,500 cr debt
Ø Irdai working with government to create a simple platform for KYC
Ø Life insurers' new business premium up 28% in January
Ø Private banks share in advances to hit 38-40% by FY20: ICRA
Financial Chronicle
Ø Govt favours bank recapitalisation
Ø Oil sector mergers may be advanced to boost economy
Ø Telcos owe Rs 3.08L cr in spectrum dues
Ø Bandhan Bank to have IPO next year
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
24th Sep. 2017
Economic Times
Ø US bombers fly off east coast of N Korea: Pentagon
Ø Amazon's arm to buy 5% stake in Shoppers Stop
Ø Now you don't need to file separate EPF transfer form
Ø Note ban a courageous decision: Sushma Swaraj at UN
Ø 3.5-magnitude quake rattles N Korea near nuke site
Ø India made IITs, Pak terror factories: Sushma at UN
Business Standard
Ø Amazon picks up 5% in Shoppers Stop to step up offline play in India
Ø Chief Economic Advisor Arvind Subramanian gets a year's extension
Ø PM Modi promises homes for all in 5 years
Ø No plans to launch electric vehicles in India: Toyota Kirloskar Motor
Ø Another powerful aftershock jolts Mexico with 6.1 magnitude
Ø Darjeeling tea signs bonus pact; owners asked to shell out Rs 60 cr
Ø Firm prices in Q2 to benefit pan-India cement makers
Business Line
Ø Lemon Tree Hotels files draft papers for public issue
Ø Telecom sector under stress: SBI chief
Ø Arvind Subramanian to get one-year extension as CEA
Ø GST assessee behavior a matter of concern: FinMin
Ø Concerns over GST refunds, Korea tensions spook markets
Mint
Ø China experts say 3.4-magnitude quake hits North Korea in ‘suspected explosion’
Ø Reliance Jio to deliver 6 million JioPhones in 15 days starting Sunday
Ø Diesel, petrol prices will fall soon: Dharmendra Pradhan
Ø Govt to unveil bank consolidation plan soon: Arun Jaitley
Ø RBI eases foreign investment regulations for corporate debt
Ø SBI merger will start showing results in 3-4 quarters: Arundhati Bhattacharya
Financial Express
Ø MakeMyTrip leads online travel market
Ø London noxious substance attack injures at least five
Ø UN Secretary-General Antonio Guterres lauds India's contribution to United Nations
Ø Fresh merger structure to IRDA by Max Life-HDFC Life
Financial Chronicle
Ø Sebi revokes ban on 114 entities as no tax evasion detected
Ø Trai may move court for smooth IUC rollout
Ø Uber stripped of London licence, plans to appeal
Ø Apple concedes new watch has connectivity glitch
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
23rd Sep. 2017
Economic Times
Ø Soon Rs 1 crore reward for benami property informants
Ø China imposes limit on oil supply to North Korea
Ø GSTN ropes in 39 more companies as Suvidha providers
Ø World looking to learn from India’s digital leap
Ø Scheme to speed up Rs 600 crore tax refunds on cards
Ø Amazon claims 14x value growth on first day of sale
Business Standard
Ø Markets see worst plunge in 10 months
Ø Steel imports surge 16% in FY18
Ø With tax claims and CBI case, NDTV may not be a SpiceJet for Ajay Singh
Ø National High-Speed Rail on bullet mode
Ø IMG looking at giving further relief to telcos: Aruna Sundararajan
Ø Oberoi Realty to buy GSK Pharma's Thane plot for Rs 555 crore
Ø SBI Life IPO sails through on institutional demand
Business Line
Ø Concerns over GST refunds, Korea tensions spook markets
Ø BSE crashes 447 points, NSE by 1.56%
Ø North Korea risk dents stocks; all eyes on Brexit speech
Ø Finance Ministry to ensure timely refund of GST dues to exporters
Ø SBI launches Indian bond index series in London
Mint
Ø CCI order in Reliance Jio case set aside by Bombay high court
Ø Aditya Birla Group to wind up e-commerce venture Abof.com
Ø British PM Theresa May proposes two-year transition period after Brexit
Ø SBI Life IPO subscribed 3.57 times on last day
Ø Amazon smartphone sales up 150% over last year in Day 1 of Great Indian Festival
Ø NTPC gets shareholders’ nod to raise Rs15,000 crore via bonds
Financial Express
Ø Moody's downgrades UK's rating on Brexit and growth fears
Ø US, EU sign deal to streamline insurance regulation
Ø KPMG International to launch independent probe into South African work
Ø Note ban was a shake-up, achieved its main objectives, says FM Arun Jaitley
Financial Chronicle
Ø NDTV stock jumps 5% on takeover buzz
Ø Jaitley assures 'appropriate action' to revive economy
Ø Jio seeks cancellation of North-East tender award to Airtel
Ø Tata Sons now set to become private entity
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
22nd Sep. 2017
Economic Times
Ø S&P downgrades China rating for the first time in 18 years
Ø Tatas win another round of battle against Cyrus Mistry
Ø India considering $7.7bn stimulus spending in 2017/18: Reports
Ø Rupee crashes 54 paise to 2.5-month low vs dollar
Ø TDSAT asks DoT to clear RCom-SSTL merger
Ø Oil PSUs mulling to acquire a stake in the oil field in UAE
Business Standard
Ø Sebi allows bourses to conduct forensic audit
Ø Sebi allows unified license for stock and commodity broking
Ø RIL plans to expand Jamnagar capacity by 40% to 100 mt
Ø Indian economy to grow 6.7% in 2017-18, says OECD
Ø Appropriate action to tackle economic slowdown soon: FM
Ø Tata Motors lines up three passenger vehicles in design stage
Ø NDTV sells the stake in auto e-commerce subsidiary
Business Line
Ø World trade likely to grow at 3.6% in 2017
Ø Tata Sons gets private company status
Ø $15-b investments in smart cities
Ø NPPA allows Abbott to withdraw stents immediately
Ø Usha Martin plans to sell profitable unit to reduce Rs.3,718 cr debt
Mint
Ø MEP Infra bags 5-year contract for toll collection
Ø RBI to regulate peer-to-peer lending firms
Ø SBI Life IPO subscribed 58% on Day 2
Ø Google buys HTC engineers for $1.1 billion to aid hardware push
Ø Mahindra acquires tractor company in Turkey for Rs800 crore
Ø Ravi Uppal to step down as MD, group CEO of JSPL
Financial Express
Ø Part of forex reserves can be used to support GDP numbers: Deutsche Bank report
Ø Government extends low-cost home subsidy to units built on private land
Ø Bayer sees delays, expects to close $66 billion Monsanto deal by early 2018
Ø Foodgrain output may drop 2.5 percent in Kharif season this year
Financial Chronicle
Ø Reliance Jio seeks cancellation of North-East tender award to Airtel
Ø Govt may allow rupee to fall for boosting exports
Ø Hurricanes in the US may help cotton growers in India
Ø GoM discusses AI divestment, sans results
26th Sep. 2017
Economic Times
Ø NSE execs opt for consent mode to settle case
Ø RBI caps bank investments in Pvt equity funds at 10%
Ø Over 74,600 companies set up in first 8 months of 2017
Ø Sebi chief named among world's top 10 regulators
Ø Kharif foodgrain output to fall 2.78 percent
Ø MFIs improve their collection efficiency: Icra
Business Standard
Ø Mankind Pharma looking to sell 15% stake
Ø Share of exports in GDP at 14-year low of 19.4%
Ø India to upgrade its existing free trade pact with South Korea
Ø Govt may turn down FRBM panel's proposal on fiscal council
Ø Rupee weakens to 6-month low of 65.10 on heavy dollar buying
Ø Deloitte hit by cyber attack, says 'very few' clients affected
Ø Tata Capital sells travel, forex units to Thomas Cook
Business Line
Ø PM launches ‘Saubhagya’ scheme to provide power to all
Ø ABB acquires GE Industrial Solutions for $2.6 bn
Ø Telcos want TRAI to defer new call drop rule by six months
Ø Done with UB Group, MCF gears up to take on fertiliser rivals
Mint
Ø YES Bank set to achieve low-cost deposit target of 40% this fiscal
Ø Bhel gets shareholder nod for bonus share issue, 79% dividend
Ø SBI lowers minimum balance requirement to Rs3,000, cuts penalties
Ø Indian Oil, HPCL, BPCL eyeing electric vehicles, renewables business
Ø US stocks sink as North Korea escalates war talk
Ø Godrej Agrovet looking at $1.27 billion valuation in IPO
Financial Express
Ø Sensex settles 300 points down after falling 450 points in intraday to 1-month low
Ø Scope for further rate cut by RBI: Finance Ministry
Ø Tax raids on Cafe Coffee Day find Rs 650 crore concealed income
Ø Economy on track despite unsupportive global factors, says FM Arun Jaitley
Ø Siemens, Alstom set to merge rail business
Financial Chronicle
Ø Tata Motors boosts cash hoard by 87% to expand
Ø Sebi gives more time to brokers for data on clients’ funds
Ø PM constitutes Economic Advisory Council
Ø Trai firm on IUC rollout on October
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
25th Sep. 2017
Economic Times
Ø Amazon India calls up Ashok Patni group for JV
Ø Trump slaps travel ban on North Korea, Venezuela
Ø Sistema forms JV to bring Russian kids' brand to India
Ø Vodafone moves SC; seeks access to IUC cost model
Ø Eruch N Kapadia to be the next CFO at Tata Sons
Ø Essar to Set Up 4 Small & Medium LNG Terminals
Business Standard
Ø I-T self-assessment filings under lens
Ø Air India disinvestment hits air pocket owing to lack of bidders
Ø Rupee to depreciate but not in a hurry: BS poll
Ø Make in India: Govt now wants manufacture of telecom equipment
Ø Fiscal roadmap, dollar to dictate market direction
Ø Additional funds may go to housing, MNREGA to generate jobs, spur growth
Ø Prime subscriptions grow four times during Amazon's festive sale
Business Line
Ø GST assessee behavior a matter of concern: FinMin
Ø I don’t see any competition, says Flipkart CEO
Ø P2P lending: Direct selling agents may come under RBI regulatory ambit as NBFCs
Ø Niti Aayog to prepare roadmap for making lightweight body armors
Ø Ford plans to tap avenues for smart mobility services in India
Mint
Ø Easing price of titanium dioxide a near-term relief for paint companies
Ø Indian Hotels: Improving financials but yet to satisfy investors
Ø Narendra Modi needs to press the gas pedal on reforms
Ø Bank of India to raise Rs500 crore through QIP in the third quarter
Ø Synup raises $6 million from Vertex Ventures to fund expansion plans
Ø Kerala plans to make public school classrooms high-tech by April
Financial Express
Ø Bhushan Steel snubbed by bankers, all fresh loans stopped; firm saddled by Rs 44,500 cr debt
Ø Irdai working with government to create a simple platform for KYC
Ø Life insurers' new business premium up 28% in January
Ø Private banks share in advances to hit 38-40% by FY20: ICRA
Financial Chronicle
Ø Govt favours bank recapitalisation
Ø Oil sector mergers may be advanced to boost economy
Ø Telcos owe Rs 3.08L cr in spectrum dues
Ø Bandhan Bank to have IPO next year
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
24th Sep. 2017
Economic Times
Ø US bombers fly off east coast of N Korea: Pentagon
Ø Amazon's arm to buy 5% stake in Shoppers Stop
Ø Now you don't need to file separate EPF transfer form
Ø Note ban a courageous decision: Sushma Swaraj at UN
Ø 3.5-magnitude quake rattles N Korea near nuke site
Ø India made IITs, Pak terror factories: Sushma at UN
Business Standard
Ø Amazon picks up 5% in Shoppers Stop to step up offline play in India
Ø Chief Economic Advisor Arvind Subramanian gets a year's extension
Ø PM Modi promises homes for all in 5 years
Ø No plans to launch electric vehicles in India: Toyota Kirloskar Motor
Ø Another powerful aftershock jolts Mexico with 6.1 magnitude
Ø Darjeeling tea signs bonus pact; owners asked to shell out Rs 60 cr
Ø Firm prices in Q2 to benefit pan-India cement makers
Business Line
Ø Lemon Tree Hotels files draft papers for public issue
Ø Telecom sector under stress: SBI chief
Ø Arvind Subramanian to get one-year extension as CEA
Ø GST assessee behavior a matter of concern: FinMin
Ø Concerns over GST refunds, Korea tensions spook markets
Mint
Ø China experts say 3.4-magnitude quake hits North Korea in ‘suspected explosion’
Ø Reliance Jio to deliver 6 million JioPhones in 15 days starting Sunday
Ø Diesel, petrol prices will fall soon: Dharmendra Pradhan
Ø Govt to unveil bank consolidation plan soon: Arun Jaitley
Ø RBI eases foreign investment regulations for corporate debt
Ø SBI merger will start showing results in 3-4 quarters: Arundhati Bhattacharya
Financial Express
Ø MakeMyTrip leads online travel market
Ø London noxious substance attack injures at least five
Ø UN Secretary-General Antonio Guterres lauds India's contribution to United Nations
Ø Fresh merger structure to IRDA by Max Life-HDFC Life
Financial Chronicle
Ø Sebi revokes ban on 114 entities as no tax evasion detected
Ø Trai may move court for smooth IUC rollout
Ø Uber stripped of London licence, plans to appeal
Ø Apple concedes new watch has connectivity glitch
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
23rd Sep. 2017
Economic Times
Ø Soon Rs 1 crore reward for benami property informants
Ø China imposes limit on oil supply to North Korea
Ø GSTN ropes in 39 more companies as Suvidha providers
Ø World looking to learn from India’s digital leap
Ø Scheme to speed up Rs 600 crore tax refunds on cards
Ø Amazon claims 14x value growth on first day of sale
Business Standard
Ø Markets see worst plunge in 10 months
Ø Steel imports surge 16% in FY18
Ø With tax claims and CBI case, NDTV may not be a SpiceJet for Ajay Singh
Ø National High-Speed Rail on bullet mode
Ø IMG looking at giving further relief to telcos: Aruna Sundararajan
Ø Oberoi Realty to buy GSK Pharma's Thane plot for Rs 555 crore
Ø SBI Life IPO sails through on institutional demand
Business Line
Ø Concerns over GST refunds, Korea tensions spook markets
Ø BSE crashes 447 points, NSE by 1.56%
Ø North Korea risk dents stocks; all eyes on Brexit speech
Ø Finance Ministry to ensure timely refund of GST dues to exporters
Ø SBI launches Indian bond index series in London
Mint
Ø CCI order in Reliance Jio case set aside by Bombay high court
Ø Aditya Birla Group to wind up e-commerce venture Abof.com
Ø British PM Theresa May proposes two-year transition period after Brexit
Ø SBI Life IPO subscribed 3.57 times on last day
Ø Amazon smartphone sales up 150% over last year in Day 1 of Great Indian Festival
Ø NTPC gets shareholders’ nod to raise Rs15,000 crore via bonds
Financial Express
Ø Moody's downgrades UK's rating on Brexit and growth fears
Ø US, EU sign deal to streamline insurance regulation
Ø KPMG International to launch independent probe into South African work
Ø Note ban was a shake-up, achieved its main objectives, says FM Arun Jaitley
Financial Chronicle
Ø NDTV stock jumps 5% on takeover buzz
Ø Jaitley assures 'appropriate action' to revive economy
Ø Jio seeks cancellation of North-East tender award to Airtel
Ø Tata Sons now set to become private entity
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
22nd Sep. 2017
Economic Times
Ø S&P downgrades China rating for the first time in 18 years
Ø Tatas win another round of battle against Cyrus Mistry
Ø India considering $7.7bn stimulus spending in 2017/18: Reports
Ø Rupee crashes 54 paise to 2.5-month low vs dollar
Ø TDSAT asks DoT to clear RCom-SSTL merger
Ø Oil PSUs mulling to acquire a stake in the oil field in UAE
Business Standard
Ø Sebi allows bourses to conduct forensic audit
Ø Sebi allows unified license for stock and commodity broking
Ø RIL plans to expand Jamnagar capacity by 40% to 100 mt
Ø Indian economy to grow 6.7% in 2017-18, says OECD
Ø Appropriate action to tackle economic slowdown soon: FM
Ø Tata Motors lines up three passenger vehicles in design stage
Ø NDTV sells the stake in auto e-commerce subsidiary
Business Line
Ø World trade likely to grow at 3.6% in 2017
Ø Tata Sons gets private company status
Ø $15-b investments in smart cities
Ø NPPA allows Abbott to withdraw stents immediately
Ø Usha Martin plans to sell profitable unit to reduce Rs.3,718 cr debt
Mint
Ø MEP Infra bags 5-year contract for toll collection
Ø RBI to regulate peer-to-peer lending firms
Ø SBI Life IPO subscribed 58% on Day 2
Ø Google buys HTC engineers for $1.1 billion to aid hardware push
Ø Mahindra acquires tractor company in Turkey for Rs800 crore
Ø Ravi Uppal to step down as MD, group CEO of JSPL
Financial Express
Ø Part of forex reserves can be used to support GDP numbers: Deutsche Bank report
Ø Government extends low-cost home subsidy to units built on private land
Ø Bayer sees delays, expects to close $66 billion Monsanto deal by early 2018
Ø Foodgrain output may drop 2.5 percent in Kharif season this year
Financial Chronicle
Ø Reliance Jio seeks cancellation of North-East tender award to Airtel
Ø Govt may allow rupee to fall for boosting exports
Ø Hurricanes in the US may help cotton growers in India
Ø GoM discusses AI divestment, sans results