Wednesday, 25 October 2017

25 October 2017 News

25th October 2K17

Economic Times

Ø  Infy cuts FY18 guidance, Q2 net up 7% at Rs 3,726 cr
Ø  Modi govt tightens noose on black money after $1 billion jackpot
Ø  Tata among top 5 in India's attractive brands index
Ø  RBI imposes $20 million penalty on IDFC Bank
Ø  IMF chief warns of 'dark future' over climate change
Ø  LIC dumped banks, metal stks in Q2; raised bets in 35
Ø  Centre's Rs 5.5-lakh cr infra push to economy with Bharatmala

Business Standard

Ø  Govt to infuse Rs 2.11 lakh cr into PSU banks over two years
Ø  SC bans use of dirtier coal alternative in New Delhi
Ø  Over 20 mn affordable houses to be built in 3 years:  govt
Ø  No fine for delayed filing of Aug, Sept GST returns
Ø  SBI's credit profile hinges on NPA resolution: Moody's
Ø  Govt to sell 5% stake in NLC at Rs 94 per share, may fetch Rs 800 cr
 
Business Line

Ø  Indian economy on a strong wicket: Arun Jaitley
Ø  Smart meter prices fall 8% in EESL tender; ITI emerges as lowest bidder
Ø  Netrix acquires two IT firms for undisclosed sum
Ø  GIC Re to be listed on Oct 25 on NSE
Ø  N-E monsoon to whip up a storm in Bay next week
Ø  GST: Govt collects ₹ 92,150 crore revenue in September

Mint

Ø  Bitcoin hits $100 billion four times faster than Apple
Ø  NIA IPO opens on 1 November, price band at Rs770-800 per share
Ø  Reliance Communications to shut down DTH business
Ø  GMR’s fundraising lifts investor hopes but caution called for
Ø  Trai suggests norms for app based calling on telcos’ network
Ø  M&M, EESL join hands for LED installation programme
 
Financial Express

Ø  Govt hikes wheat MSP by Rs 110/quintal; pulses, Rs 200/qtl
Ø  SAIL supplies 33,500 tonnes of steel for Agra-Lucknow Expressway
Ø  SDL issuance may rise upto Rs 5 trillion in current fiscal: Icra
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