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Saturday, 2 December 2017

02 December 2017 News

2nd December 2K17

Economic Times

Ø  Oil cos to add 5,000 distributors for LPG by 2019
Ø  Don't blame Jio for industry's losses: Mukesh Ambani to Sunil Mittal
Ø  Edelweiss bullish on housing finance sector
Ø  HDFC MF will be next AMC to list on exchanges
Ø  300 private engineering colleges would be asked to stop operations
Ø  India’s mobile data traffic to grow 11 times in 6 years
Ø  Forex reserves back above $400b after 5 weeks

Business Standard

Ø  Paradise Papers: Task force asks tax dept to send notices to 714 persons
Ø  Tesla switches on world's largest battery to shore up Australia's grid
Ø  Wipro faces Rs 900-cr lawsuit over ERP implementation
Ø  BJP sweeps UP civic polls, Congress loses even in Amethi
Ø  Bitcoin rebounds to $10,500 mark as US regulator approves futures
Ø  Retailers go to small towns for big growth

Business Line

Ø  Cabinet gives nod to set up ₹9,000-cr nutrition mission
Ø  Indian tech firm launches anti-fraud exam software in Singapore
Ø  Manufacturing PMI records fastest pace of growth since Oct 2016
Ø  Indo-US ties can be defining partnership of 21st century: Obama
Ø  Affordable housing continues to see strong demand: Liases Foras report
Ø  SEBI ratchets up governance standards for mutual funds

Mint

Ø  Panel approves banks led by SBI to recast Rs8,285 crore Bajaj Hindusthan Sugar debt
Ø  Air India to be sold as an integrated airline
Ø  Glenmark gets approval for generic Seretide inhaler in Nordic region
Ø  Graphic India raises $5 million from Liquid Comics and others
Ø  Auto sales see double-digit growth in November
Ø  US FDA approves Mylan-Biocon’s biosimilar for cancer drug Herceptin

Financial Express

Ø  Andhra Pradesh Cabinet approves Polavaram Hydro project
Ø  Anil Agarwal says, Vedanta to invest $9 bn in India; says to create 10 lakh jobs
Ø  As onion prices hit the roof, demand for dehydrated version surges
Ø  Global household wealth surges to $280 tn, in just a glance all you need to know
Ø  India Inc raises record Rs 49,000 cr via QIPs: Prime Database

Financial Chronicle

Ø  ITC won’t dilute luxury experience in gourmet chocolate, coffee
Ø  Indian stock market overtakes Canada in $2t zone
Ø  Andhra Pradesh Cabinet announces allowance for jobless
Ø  GDP growth at 6.3% in June-Sept over 5.7% in previous quarter is significant
Ø  Somebody always pays for me: Mukesh Ambani