Wednesday, 8 November 2017

08 November 2017 News

8th November 2K17

Economic Times

Ø  Trai plans to remove 50% limit on spectrum holdings
Ø  Govt plans phase-2 of digital payment push from Jan
Ø  Paradise Papers cases will be on individual merit: FM 
Ø  'Saudi banks freeze more than 1,200 a/cs in probe'
Ø  Qatar fund to sell 5% stake in Airtel via block deal
Ø  Hindustan Copper preparing tender for MDO to developing Singhbhum mines

Business Standard

Ø  Infosys to open innovation hubs in the US: Nilekani
Ø  Government plans new telecom policy by February 2018
Ø  Lupin gets USFDA warning for Goa & Pithampur plants, stock tanks 15%
Ø  Crude oil up to $65 a barrel not a worry
Ø  Bajaj Auto eyes 23% market share by end of FY18
Ø  RCom in talks with parties to renegotiate tower business sales
Ø  Top trade union demands guarantees in Thyssenkrupp-Tata steel JV
 
Business Line

Ø  $10-billion fighter deal hits tech-transfer air pocket
Ø  GSK Consumer Q2 profit up marginally at Rs. 192 cr
Ø  PE, VC investments hit new high of $21.8 bn
Ø  Crash in pharma stocks triggers panic across market
Ø  Aditya Birla Capital net rises 68% on NBFC business
Ø  I-T to issue 1 lakh notices for huge deposits post demonetisation 

Mint

Ø  Sensex tanks 360 points as oil prices rally stokes inflation fears
Ø  HDFC Standard Life IPO subscribed 46% on Day 1 on institutional demand
Ø  Arun Jaitley hints at pruning more items in 28% GST slab
Ø  Cipla Q2 profit rises 19% to Rs423 crore
Ø  Bhel Q2 profit rises 6% to Rs115 crore, misses estimates

Financial Express

Ø  India home to 2,19,000 millionaires: Capgemini report
Ø  Number of small denomination notes rises from 14% to 26% post demonetisation
Ø  Wheat sowing in full swing, says ICAR official
Ø  April- October direct tax collections rise 15.2% to Rs 4.39 lakh crore: CBDT
Ø  India begins anti-dumping probe into cheap paper imports

Financial Chronicle

Ø  NMDC plans to bid for $9b diamond mine in MP
Ø  Note ban, GST impact behind us, growth in sight: FM
Ø  VRS, renting out property mulled for MTNL revival
Ø  Merger of MMTC, STC on the cards
Ø  PSUs nudged to set up SPVs for greenfield units