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Friday, 10 November 2017

10 November 2017 News

10th November 2K17

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 for 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