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Tuesday, 31 October 2017

31 October 2017 News

31st October 2K17

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 per cent 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 aluminium 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 per cent
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