Wednesday, 16 August 2017

16 August 2017 News

16th August 2K17

Economic Times

Ø  China's debt is on a dangerous trajectory, warns IMF
Ø  Swiss party opposes black money pact with India
Ø  UK to seek 'temporary customs union' after Brexit
Ø  JioPhone to hit sector, erode revenues: Voda to DoT
Ø  Government slaps $264 million penalty on RIL, BP
Ø  Wilful defaulters owe Rs 92K cr to PSU banks

 Business Standard

Ø  Corporate earnings hit fresh roadblocks in Q1
Ø  Debt assets swell 32% to Rs 11 lakh cr amid easing of rates
Ø  Google to pay Apple $3 bn to remain default search engine on iOS devices
Ø  State-run EESL to procure 10K electric cars for various ministries
Ø  PAN deactivation jolt for tax evaders in stock market
Ø  TVS Motor acquires 24% stake in online marketplace RentOnGo

Business Line

Ø  Gold imports jump over 2-fold to $12.35 bn in Apr-July
Ø  Tata Global Beverages to launch Himalayan mineral water in US
Ø  ONGC eyes doubling gas production in 5-6 years
Ø  Paper sector capacity expansion hit by pulp wood shortage 
Ø  Insolvency resolution proceedings delay Lanco Infratech Q1 results
Ø  18 lakh people, Rs. 1.75 lakh cr deposits under scrutiny: PM

Mint

Ø  IDBI Bank still a prisoner of bad loans as malaise deepens
Ø  Nearly 200 inactive LLPs face deregistration
Ø  NCLT admits Reliance Communications’s petition for Aircel merger
Ø  Sebi in talks with other regulators to streamline pricing of corporate bonds
Ø  Carmakers say policy U-turns putting India plans out of gear
Ø  India’s real GDP growth to average at 7.4% over 2017, 2018: Deutsche Bank

Financial Express

Ø  Investments key to ensure growth in the country: Subba Rao
Ø  Sick PSUs closure have gone very well: Arvind Panagariya
Ø  Trade deficit in India falls to $11.5 bn as exports rise 3.9 pct
Ø  Life insurers’ new biz premium up 47% to Rs 20,428-cr in July

 Financial Chronicle

Ø  Fuel demand up 1% in July to 15.8 mt
Ø  RIL, BP to submit revised plan for KG-D6 gas finds
Ø  Sebi steps up surveillance on money laundering activities