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Wednesday, 6 December 2017

06 December 2017 News

6th December 2K17

Economic Times

Ø  UAE, Saudi forming new group, separate from GCC
Ø  Irda issues rules for PE investments in insurance cos
Ø  Highlights of mid-term review of Foreign Trade Policy 
Ø  RBI reiterates warnings about trading in Bitcoins
Ø  Airlines to trim losses by upto 90% this fiscal: Icra
Ø  Govt plans to replace the taxman with an algorithm

Business Standard

Ø  Government rolls out incentives to boost exports 
Ø  Govt's public debt rises by 2.53% in Jul-Sept quarter
Ø  Onus on rating agencies to reveal loan defaults
Ø  LIC invests Rs 44K cr in equity markets in Apr-Nov period
Ø  14% rise in corporate debt under stress
Ø  Single authority to issue GST refund for exporters: Adhia
Ø  Lenders may go slow on referring SMEs to NCLT
Ø  Sugar mills fret as prices plunge of sugar and molasses
Ø  CCI approves Indus Towers' share transfer to Voda shareholders
 
Business Line

Ø  TCS, Cornell Tech partner for academic and industry research
Ø  Higher export relief for labour-intensive sectors in FTP review
Ø  Indian fleet-owners term IOC, BPCL tanker charter tenders ‘not workable’
Ø  Reliance Jio records top 4G download speed at 21.9 mbps in Sept: TRAI 
Ø  Amtek Auto seeks more time for announcing audited results
Ø  Govt says debt rollover risk in next 5 years low

Mint

Ø  ‘No evidence’ to justify Vijay Mallya extradition to India, UK court told
Ø  More Chinese banks plan to file insolvency cases against RCom
Ø  Lanco Infratech seeks to sell four renewables assets
Ø  Decoding the imports surge post demonetisation
Ø  ADB approves $583 million loan to Reliance Power project
 
Financial Express

Ø  1% of world GDP to be spent on air transport next year, says IATA
Ø  RBI policy meet begins; decision on key rate on December 6
Ø  Service sector slips to contraction territory during November: PMI
Ø  Bhel to renovate ESP package at Kahalgaon plant for Rs 215 crore

Financial Chronicle

Ø  Top 500 companies may face electronic tax scrutiny soon
Ø  Indian economy can grow at 10%: ADB country head
Ø  LIC books over Rs 12K cr equity profit in first half
Ø  Leading coffee exporter & supplier brews own brand
Ø  Demat accounts touch 3 cr mark as people queue up for stocks